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Leewood Homeowners Association

FY 2003 Budget


  2003 2002 2002 2001 2001 2000
  Budget Projected Budget Actual Budget Actual
Operating            
Assessments 105,300 105,300 105,300 105,300 105,300 105,300
Contribution to Reserves (23,000) (22,000) (22,000) (20,000) (20,000) (27,000)
Int Income -Operations 1,000 690 1,500 1,461 600 719
Advertising 150 185 150 140 150 215
Other Income            
Penalties   670   2,740   390
POA Packets 250 350 150 1,000 800 2,000
Subscriptions            
Total Income 83,700 85,195 85,100 90,641 86,850 81,624
             
Accounting 1,200 1,200 1,200 1,050 1,200 1,050
Architectural control - - - 2,145 2,371 3,574
Bad debts - -   -    
Capital Improvements - -   -    
Copying 1,000 536 1,000 233 1,100 421
Dues 320 275 320 290 280 245
Education 200 195 200 252 200 119
Grounds Maintenance 32,860 30,360 33,496 32,090 31,767 29,100
Insurance 1,800 1,758 2,350 1,866 2,000 1,907
Legal 2,000 2,182 2,000 1,745 2,000 220
Maintenance 1,000 1,100 1,000 10 1,000 50
Meeting Space 360 360 200 168 168 168
Miscellaneous 1,491 3,637 3,500 365 3,300 75
Newsletter 200 - 200 - 200  
Postage 479 328 532 960 1,060 526
Snow Removal 3,000 2,000 3,000 730 2,500 2,319
Supplies 650 811 650 549 450 262
Taxes-Federal 1,055 1,100 1,304 1,426 1,175 934
Taxes -Virginia 449 500 555 607 500 434
Taxes -Other 50 50 50 50 50 75
Trash 28,428 27,855 27,727 26,129 25,346 24,673
Tree & Shrub 8,500 10,000 8,500 5,646 8,500 8,383
Total Expenses 85,041 84,247 87,783 76,311 85,168 74,535
             
Operating Net Income (1,341) 948 (2,683) 14,330 1,682 7,089
             
Reserves            
Contributions 23,000 22,000 22,000 20,000 20,000 27,000
Expenditures:            
Entrance Signs (650)          
Fence   (9,845) (17,500)     (6,338)
Roads (15,000)         (4,505)
Stop signs (1,000)          
Sidewalks (10,000)          
Mailboxes           (630)
Curbs (3,200)   (1,000)      
Interest Income -Reserves 6,219 7,100 7,489 7,914 7,976 6,782
Dividend Income -Reserves 500 136 500 1,228    
Realized Gain (loss)           (1,448)
Unrealized Gain (Loss)   (6,632)   (6,064)   (4,319)
Net Increase (Decrease) (131) 12,759 11,489 23,078 27,976 16,542
Balance, beginning of year 210,819 198,060 181,262 174,982 181,262 158,440
Balance, end of year 210,688 210,819 192,751 198,060 209,238 174,982
             


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