Ventana Lakes
Property Owners' Association
2006 Approved Budget
| Ventana Lakes Property Owners Association | |||||
| 2006 BUDGET | |||||
| 1701 UNITS | |||||
| Quarterly assessment billing $177/ $59 per mo | |||||
| $708 per year per homeowner | |||||
| $1,204,0308 per year | |||||
| PER UNIT | |||||
| Colby | |||||
| Acct | MONTHLY | ANNUAL | PER MONTH | ||
| INCOME | |||||
| 942-401 | 1701 (all lots including Gardens) | 100,359.00 | 1,204,308.00 | 59.00 | |
| 942-402 | Admin Income - rentals/clubs; misc income | 200.00 | 2,400.00 | 0.12 | |
| 942-403 | Cell Tower Income | 750.00 | 9,000.00 | 0.44 | |
| 942-410 | Late Fees | ||||
| 942-440 | Fines - none anticipated | ||||
| 942-460 | Interest -see note | ||||
| 942-480 | Facilities rental - see Account 942-402 | ||||
| 942-490 | Activities Income - see note | ||||
| TOTAL INCOME | 101,309.00 | 1,215,708.00 | 59.56 | ||
| EXPENSES | |||||
| Utilities | |||||
| 942-502 | Cable | 82.00 | 984.00 | 0.05 | |
| 942-504 | electric ( Gardens separate) | 6,750.00 | 81,000.00 | 4.24 | |
| 942-506 | Gas | 3,500.00 | 42,000.00 | 2.06 | |
| 942-507 | Refuse | 165.00 | 1,980.00 | 0.10 | |
| 942-508 | Telephone | 600.00 | 7,200.00 | 0.35 | |
| 942-510 | Water --(Gardens separate) | 21,000.00 | 252,000.00 | 13.18 | |
| Administrative: | |||||
| 942-512 | Accounting & Audit | 416.67 | 5,000.04 | 0.24 | |
| 942-514 | Bad debt | 118.00 | 1,416.00 | 0.07 | |
| 942-518 | Insurance: liability; volunteers; golf cart | 2,917.00 | 35,004.00 | 1.71 | |
| & worker's comp (Gardens separate) | 60.00 | 720.00 | 0.04 | ||
| 942-520 | Internet | 115.00 | 1,380.00 | 0.07 | |
| 942-522 | Legal | 675.00 | 8,100.00 | 0.40 | |
| 942-526 | Accounting/Payroll Colby | 2,150.00 | 25,800.00 | 1.26 | |
| 942-528 | Yacht Club Rental Expense | 100.00 | 1,200.00 | 0.06 | |
| 942-530 | Mileage | 145.00 | 1,740.00 | 0.09 | |
| 942-532 | Misc. general administrative costs | 300.00 | 3,600.00 | 0.18 | |
| 942-532 | Memberships/Magazine dues | 50.00 | 600.00 | 0.03 | |
| 942-534 | Office equipment leases | 694.00 | 8,328.00 | 0.41 | |
| 942-536 | Office Supplies (on site office) | 500.00 | 6,000.00 | 0.29 | |
| 942-538 | Office equipment repair/replacement | 550.00 | 6,600.00 | 0.32 | |
| 942-542 | Permits | 175.00 | 2,100.00 | 0.10 | |
| 942-544 | Postage | 525.00 | 6,300.00 | 0.31 | |
| 942-546 | Printing (envelopes) | 125.00 | 1,500.00 | 0.07 | |
| 942-548 | Federal Income Tax; AZ tax | 350.00 | 4,200.00 | 0.21 | |
| 942-550 | Property Taxes | 41.67 | 500.00 | 0.02 | |
| 942-552 | Volunteer Appreciation Dinner | 100.00 | 1,200.00 | 0.06 | |
| 942-554 | Training/Education/Seminars | 75.00 | 900.00 | 0.04 | |
| 942-556 | Water cooler/water | 120.00 | 1,440.00 | 0.07 | |
| 942-560 | Salaries - 4 staff | 10,000.00 | 120,000.00 | 5.88 | |
| 942-561 | payroll taxes 941/suta/futa taxes | 1,200.00 | 14,400.00 | 0.71 | |
| 942-562 | Benefits | 300.00 | 3,600.00 | 0.18 | |
| Maintenance: | |||||
| 942-602 | Backflow inspections | 400.00 | 4,800.00 | 0.24 | |
| 942-604 | Misc. building maintenance/carpentry | 383.00 | 4,596.00 | 0.23 | |
| 942-606 | Misc. building supplies/material:plumbing | 300.00 | 3,600.00 | 0.18 | |
| 942-607 | Fitness Equip Prev maintenance | 200.00 | 2,400.00 | 0.12 | |
| 942-608 | Electrical Repairs/maintenance | 150.00 | 1,800.00 | 0.09 | |
| 942-610 | Equipment Maintenance | 300.00 | 3,600.00 | 0.18 | |
| 942-612 | Fish removal/replacement/food | 300.00 | 3,600.00 | 0.18 | |
| 942-614 | Chemicals/fertilizer-palms | 100.00 | 1,200.00 | 0.06 | |
| 942-616 | Inside furniture repairs/replacement | 150.00 | 1,800.00 | 0.09 | |
| 942-618 | A/C Maintenance contract/Repairs | 350.00 | 4,200.00 | 0.21 | |
| 942-620 | Improvements | 155.00 | 1,860.00 | 0.09 | |
| 942-622 | Irrigation Supplies | 500.00 | 6,000.00 | 0.31 | |
| 942-624 | Janitorial Contract | 2,700.00 | 32,400.00 | 1.59 | |
| 942-626 | Janitorial Supplies | 500.00 | 6,000.00 | 0.29 | |
| 942-628 | Lake Maintenance | 650.00 | 7,800.00 | 0.38 | |
| 942-630 | Lake Chemicals | 800.00 | 9,600.00 | 0.47 | |
| 942-631 | Lake Equip Repairs | 150.00 | 1,800.00 | 0.09 | |
| 942-632 | Landscape conversion/granite | 917.00 | 11,004.00 | 0.54 | |
| 942-634 | Landscaping contract | 22,530.00 | 270,360.00 | 14.14 | |
| 942-636 | Extermintating | 217.00 | 2,604.00 | 0.13 | |
| 942-638 | Plant/Shrub replacement | 250.00 | 3,000.00 | 0.16 | |
| 942-640 | Pool/Spa Maint. Contract | 2,700.00 | 32,400.00 | 1.59 | |
| 942-641 | Pool cheminals | 200.00 | 2,400.00 | 0.12 | |
| 942-642 | Pool area furniture repair | 200.00 | 2,400.00 | 0.12 | |
| 942-644 | Pool/spa repairs-minor | 200.00 | 2,400.00 | 0.12 | |
| 942-646 | Security | 115.00 | 1,380.00 | 0.07 | |
| 942-648 | Seed/Sod | 210.00 | 2,520.00 | 0.12 | |
| 942-649 | Tree Trimming/Removal/Replace | 2,583.00 | 30,996.00 | 1.62 | |
| 942-672 | Sound & Lighting upgrade/repair | 100.00 | 1,200.00 | 0.06 | |
| 942-681 | Activities expense | 0.00 | |||
| Contingency | 1,000.00 | 12,000.00 | 0.59 | ||
| TOTAL EXPENSES | 93,209.34 | 1,118,512.04 | 54.80 | ||
| RESERVES | |||||
| 942-590 | Allocated - to Reserves | 8,099.66 | 97,195.96 | 4.76 | |
| TOTAL RESERVES | 8,099.66 | 97,195.96 | 4.76 | ||
| TOTAL EXPENSES & RESERVES | 101,309.00 | 1,215,708.00 | 59.56 | ||
| Anticipated Reserve Expenses | |||||
| Pool Equipment upgrades/repair | 500.00 | 6,000.00 | 0.29 | ||
| Repair-Painting of facilities/buildings | 6,049.66 | 72,595.96 | 3.56 | ||
| Exercise equipment | 800.00 | 9,600.00 | 0.47 | ||
| Aerators | 750.00 | 9,000.00 | 0.44 | ||
| Total Reserve Expense | 8,099.66 | 97,195.96 | 4.76 | ||
| Notes: | |||||
| All Transfer fees will go to Reserve Account - Anticipate at $80,000+ | |||||
| All Activity Income and Expense will go to Activity Account | |||||
| Interest Income from Operational Money Market Funds will go to Interst Income | |||||
| Interest Income from Reserve accounts will go to Reserves Accounts | |||||
| Water/Gas/Electric Charges have/will increase significantly | |||||