Ventana Lakes
Property Owners' Association
2006 Approved Budget (Gardens)
| Ventana Lakes Property Owner's Association | |||||
| 2006 FINAL BUDGET (Gardens) | |||||
| 108 Gardens | |||||
| Current Qtly assessment billing | $233.92 | ||||
| NEW - Increase = $8.027 a month | $258.00 | ||||
| PER UNIT | |||||
| MONTHLY | ANNUAL | PER MONTH | |||
| 108 Garden Homes | $9,288 | $111,456 | $86.00 | ||
| 942-802 | TOTAL INCOME | $9,288 | $111,456 | $86.00 | |
| EXPENSES | |||||
| Utilities | |||||
| 942-812 | Electric | $50 | $600 | $0.46 | |
| 942-820 | Water | $750 | $9,000 | $6.94 | |
| Maintenance: | |||||
| 942-831 | Misc. Maintenance | $36 | $430 | $0.33 | |
| 942-833 | Irrigation Supplies | $67 | $800 | $0.62 | |
| 942-834 | Landsacape contract | $2,970 | $35,640 | $27.50 | |
| 942-836 | Plant/Shrub replacement | $165 | $1,980 | $1.53 | |
| 942-838 | Roof Repairs | $270 | $3,240 | $2.50 | |
| 942-840 | Special Projects/caulking etc. | $400 | $4,800 | $3.70 | |
| 942-842 | Tree Trimming/Removal/Replace | $542 | $6,500 | $5.02 | |
| Granite Replenishment | $325 | $3,900 | $3.01 | ||
| 942-856 | Assessments not collected - 2 | $172 | $2,064 | $1.59 | |
| 942-858 | Insurance | $1,875 | $22,500 | $17.36 | |
| TOTAL EXPENSES | $7,622 | $91,454 | $70.57 | ||
| RESERVES | |||||
| 942-890 | allocated | $1,667 | $20,000 | $15.43 | |
| TOTAL RESERVES | $1,667 | $20,000 | $15.43 | ||
| TOTAL EXPENSES & RESERVES | $9,289 | $111,454 | $86.00 | ||
| Reserve Analysis | |||||
| income | expense | Net Reserve | |||
| Reserves at EOY 2004 | $19,156 | $19,156.00 | |||
| Reserves at EOY 2005 Expected | $20,000 | $39,155.66 | |||
| Reserves at EOY 2006 Expected | $20,000 | $59,155.66 | |||
| Reserves at EOY 2007 Expected | $20,000 | $79,155.66 | |||
| Painting of Trim 2007 | $25,000 | $54,155.66 | |||
| 2,008 | $20,000 | $74,155.66 | |||
| 2,009 | $20,000 | $94,155.66 | |||
| 2,010 | $20,000 | $114,155.66 | |||
| Painting Full 2011 | $20,000 | $95,000 | $39,155.66 | ||
| Assume $10,000 to reserves yearly | |||||
| Painting of Trim 2015 | $40,000 | $31,284 | $47,871.66 | 252,000 | |
| Painting Full 2019 | $40,000 | $121,521 | -$33,649.34 | 218,351 | |
| Tile Roof Repair 2020 | $10,000 | $203,521 | -$227,170.34 | 24,830 | |