2013-2014 SLCA BUDGET

September 1, 2013 - August 31, 2014

2012-2013
Budget

INCOME
Condo fees
Special assessment - Sewer
Late Charges
TOTAL INCOME

Anticipated
expen. As of
8/31/2013

2013-2014
Proposed
Budget

Explanation

$265

$265

Monthly condo fee per unit

$203,520.00

$203,520.00

$1,000.00
$204,520.00

$65 per unit assessment for Sept., Oct. and Nov. for non-budgeted pump and
$12,480.00 $12,480.00 basin expenses.
$1,000.00
$0.00
$217,000.00 $12,480.00

$0.00

EXPENSES
Unchanged for last 4 years. Common area lighting. Using a third party
$0.00 supplier to reduce costs.
$2,000.00 Increased for this fiscal year. Possible 19% increase by Aquarion.
$300.00 One cleaning and removal of screen

Electricity
Water
Pump Station Maint.

$2,900.00 $ 2,383.74
$14,000.00 $ 15,916.06
$1,500.00
$18,412.81

$2,900.00
$16,000.00
$1,800.00

Property Mgt.

$13,200.00

$12,104.36

$13,365.00

$17.00 per unit plus tax for 12 rental units for 7 months. As of 4/1/2014
$165.00 increase to $17.51 (increase of 3%) plus tax for rental units.

Insurance
Professional fees

$18,000.00
$2,000.00

$19,062.00
$1,626.44

$19,150.00
$2,000.00

3-year contract. 11/21/12 to 11/21/15. Includes Umbrella but not Flood or

$1,150.00 Workers Comp
$0.00 Unchanged from last year. Room rental, tax preparation, Bylaws update

Exterminating
Catch Basins

$3,500.00
$0.00

$1,750.00
$1,365.79

$3,500.00
$0.00

Unchanged from last 6 years.Termite treatment for 1 building and bee

$0.00 extermination trips.
$0.00

Administrative
Foreclosures & collections
Insurance claim
Taxes on Reserve
Grounds and Bed Maintenance
Bed maintenance
Tree pruning
Fertilizers
Irrigation

$2,000.00
$600.00

$3,639.69
$300.00
$0.00
$0.00
$20,594.00
$0.00
$4,800.00
$1,573.50
$372.22

$3,000.00
$600.00

$0.00
$20,600.00
$0.00
$4,800.00
$2,552.00
$1,673.00

$0.00
$20,600.00
$4,800.00
$2,552.00
$1,500.00

$1,000.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
-$173.00

Increased over last year. Postage, supplies, copies & returned check charges.
$150 for 4 units
30% tax on interest earned minus the first $100.
2012-2014 contract for mowing and bed maintenance combined
Included in new 3 year ground contract
3 days of tree service at $1,600 per day
3 year contract 2012-2014
3 year contract 2012-2014 plus any replacement parts

New 3 year contract 2013-2016. $810 per month, plus spring clean up
dumpster and special dumpster pickups. Reduced from last year due to new
-$731.00 recycle dumpster configuration
$286.00 Unchanged from last year. Seasonal contract for 2011-2014
-$2,500.00 Decreased from last year by $2,500.00

Trash Removal
Snow Removal
Roof Repairs

$11,000.00
$38,000.00
$5,500.00

$11,321.96
$38,892.20
$900.00

$10,269.00
$38,286.00
$3,000.00

Bldg. Repair & Maint.

Reserves - reg. condo fee
Reserves - special assessment

$10,000.00
$46,695.00

$15,836.18
$46,692.00
$0.00

No increase from last year. Aging structure, increasing repairs and new CT
$10,000.00
$0.00 Statute requirements.
$46,695.00
$0.00 $60.80 per month per unit. Unchanged from last 4 years
$12,480.00 $12,480.00 For sewer pump and basin expenses

$6,000.00

$6,000.00

Landscape maint. & improvement

Total Operat. Budget

$204,520.00

$4,503.00

$1,497.00 decrease from last year. For removal of overgrowth of vines, shrub
-$1,497.00 replacement, mulch, etc. not covered under Grounds contract

$223,542.95 $217,000.00 $12,480.00

2013-2014 SLCA BUDGET

September 1, 2013 - August 31, 2014

2012-2013
Budget

Anticipated
expen. As of
8/31/2013

2013-2014
Proposed
Budget

Explanation

CAPITAL IMPROVEMENTS
Costs will be taken from Reserves

New septic pumps alarm system

Total Capital Improve.

$0.00

$5,324.94 TBD

Looking at light pole and unit fixture replacement, replace siding, or replace
sidewalks.

FUTURE CAPITAL PROJECTS

Light pole and fixture replacement (20 x $7,000 for light poles)
Pole rewiring $28,900
Asphalt replacement (road)
Vinyl siding replacement
Sidewalks. About $150,000