 |
Leewood HOA 2004 Budget Supporting Data
| Assessments |
|
|
|
| Amount |
135 |
|
|
| Quarters |
4 |
|
|
| Units |
195 |
|
|
| |
105,300 |
same as 2003 |
|
| Contribution to Reserves |
|
|
|
| Amount |
1,958 |
|
|
| Months |
12 |
|
|
| |
23,500 |
per board discussion
and |
|
| |
|
analysis of reserves |
|
| Advertising |
|
|
|
| newsletter |
150 |
|
|
| directory |
|
|
|
| |
150 |
|
|
| Invest Inc -Operations |
|
|
|
| |
1,000 |
Aug 2002 annualized |
|
| |
1,000 |
|
|
| POA Packets |
|
|
|
| |
250 |
10 sales @ $25 per package |
|
| |
250 |
|
|
| |
|
|
|
| Interest income -reserves |
|
|
|
| E*Trade CD's |
761 |
1 CD maturing May 2003 |
|
| CapitalOne CD's |
2,331 |
1 CD maturing Oct 2003 |
|
| Schwab1 |
48 |
|
|
| GNMA investment |
1,000 |
|
|
| Reinvested CD's |
792 |
|
|
| Schwab CD's |
1,288 |
to October maturity |
|
| |
6,219 |
|
|
| |
|
|
|
| Dividend income -reserves |
|
|
|
| E.Trade |
500 |
use prior year projected |
|
| |
500 |
|
|
| |
|
|
|
| Accounting |
|
|
|
| |
1,200 |
2 year proposal period
ended in 2000 |
|
| |
1,200 |
|
|
| |
|
|
|
| Architectural review |
|
|
|
| Prior year amount |
- |
4 months |
|
| Monthly amount |
|
195 |
|
| CPI increase |
|
2.0% |
estimate |
| New amount |
- |
8 months |
|
| |
- |
|
|
| Copying |
|
|
|
| Standards |
300 |
|
|
| Directory |
350 |
paid $312 in 1999 |
|
| Minutes, POA, etc. |
350 |
|
|
| |
1,000 |
|
|
| Dues |
|
|
|
| CAI |
275 |
|
|
| Federation |
30 |
|
|
| Mason District |
15 |
|
|
| |
320 |
|
|
| Education |
|
|
|
| seminars |
200 |
|
|
| |
200 |
|
|
| Grounds Maintenance |
|
|
|
| standard contract |
31,260 |
scheduled increase |
|
| aeration/overseeding |
2,500 |
|
|
| |
33,760 |
|
|
| Insurance |
|
|
|
| Increased coverage |
- |
|
|
| Standard coverage |
1,800 |
average of prior years |
|
| |
1,800 |
|
|
| Legal |
|
|
|
| ARC |
1,000 |
in conjunction with board
hearings |
|
| collections |
500 |
estimate |
|
| |
1,500 |
|
|
| Maintenance |
|
|
|
| sealing of fence |
- |
every 3-5 years; last
done 1998 |
|
| other |
1,000 |
to be specified (e.g.,
mailboxes) |
|
| |
1,000 |
|
|
| |
|
|
|
| Notices |
72 |
|
|
| Suppies |
150 |
|
|
| Misc |
350 |
|
|
| Annual mtg |
572 |
|
|
| |
|
|
|
| Miscellaneous |
|
|
|
| bank charges |
100 |
|
|
| contingency |
1,000 |
|
|
| |
1,100 |
|
|
| |
|
|
|
| Web page |
437 |
ISP+Domain Renew+200
sofware |
|
| |
|
|
|
| Newsletter |
1,200 |
|
|
| Postage |
|
|
|
| envelopes |
200 |
need to order |
|
| architectural control |
100 |
|
|
| assessment mailings (4) |
207 |
1 at $.37 and 3 at $.23 |
|
| other |
151 |
|
|
| |
658 |
|
|
| Snow Removal |
|
|
|
| |
3,000 |
same as prior year |
|
| |
3,000 |
|
|
| Supplies |
|
|
|
| office supplies |
250 |
|
|
| Checks |
100 |
|
|
| |
350 |
|
|
| Taxes-Federal |
|
|
|
| Va taxable income |
7,479 |
7,030 |
6,112 |
| Tax exempt interest |
|
(572) |
(2,079) |
| Va taxes |
(449) |
(422) |
(367) |
| Taxable income |
7,030 |
6,036 |
3,666 |
| |
1,055 |
905 |
550 |
| Taxes -Virginia |
|
|
|
| Invest inc -operating |
1,000 |
605 |
811 |
| Interest inc -reserves |
6,219 |
6,665 |
5,511 |
| Dividend inc -reserves |
500 |
- |
- |
| Realized gain |
|
|
|
| Tax prep fees |
(240) |
(240) |
(210) |
| Taxable income |
7,479 |
7,030 |
6,112 |
| |
449 |
422 |
367 |
| Taxes -Other |
|
|
|
| annual report |
25 |
|
|
| RE report |
25 |
|
|
| |
50 |
|
|
| Trash |
|
|
|
| Jan-Aug |
19,200 |
|
|
| Sept-Dec |
9,600 |
2% |
increase |
| |
28,800 |
|
|
| Tree & Shrub |
|
|
|
| Horticultural oil |
850 |
|
|
| Fertilizer |
2,100 |
|
|
| Watering |
1,080 |
Jun, Jul, Aug twice a
week |
|
| Removal |
2,500 |
|
|
| new plantings |
10,000 |
to be specified |
|
| |
16,530 |
|
|
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