ASHFORD LAKES COMMUNITY IMPROVEMENT ASSOCIATION

November 28, 2012

Dear Members,

The Board of Directors of Ashford Lakes Community Improvement Association has approved the 2013
budget which sets the assessment rate at $476.00. Enclosed in this mailing is a copy of the 2013 budget
for the association.

Please note that each owner will receive an individual statement which will include a coupon attached to
the bottom that should be returned with your payment. The 2013 assessment is due J anuary 1
st
and
considered delinquent after J anuary 31, 2013.

As a reminder, you can access your account, pay by credit card, Echeck or register for the ACH
assessment payment option to transfer your funds to the Association bank account, and access other
association information utilizing the RealManage Resident Portal at www.RealManage.com

Questions regarding the 2013 budget should be directed to RealManage at 1-866-473-2573 or via email
to service@realmanage.com

Sincerely,


Board of Directors
Ashford Lakes Community Improvement Association

www.RealManage.com
RealReports
Annual Budget - Resident Budget Package
Ashford Lakes Community Improvement Association
Annual Budget for Fiscal Year 2013
Prepared on: 11/8/2012
2004-2011 RealManage Holdings, Inc All Rights Reserved
Annual Budget - Resident Budget Package
Table of Contents
RealManage is pleased to deliver this Annual Budget - Resident Budget Package , which has been prepared for use by the
Residents of the association.
Description Page(s) Report / Document
Ashford Lakes Community Improvement Association
2 Pages / 3 to 4 Cover Letter
Revenue and expense budget summary presented by fund in a side by side and
consolidated format.
1 Page / 5
Budget Fund Revenue and
Expense Summary (side by
side)
Cash flow budget summary presented by fund in a side by side and consolidated
format.
1 Page / 6
Budget Fund Cash Flow
Summary (side by side)
A detail analysis of funds currently designated in the Replacement Fund set aside, and
the calculation of funds needed, to pay for future major repairs or replacement of the
associations assets (unless provided by a Reserve Study).
1 Page / 7 Replacement Fund Analysis
Ashford Lakes Community Improvement Association
Revenue and Expense Budget Summary for FY 2013
Operating Fund
Replacement
Fund
Common
Property Fund
Consolidated
REVENUES
Assessments
Regular Assessments
Assessment Allocation
Total Assessments
Other Income
Total Other Income
TOTAL REVENUES
EXPENSES
Operating Expenses
Direct Operating Expenses
Electricity
Landscape Maintenance
Repairs and Maintenance
Other Expenses
Taxes
Water and Wastewater
Total Direct Operating Expenses
General and Administrative Expenses
Professional Fees
Bad Debts
Bank Charges
Collection Expense
Homeowner Activities
Homeowner Communications
Insurance
Management Fee
Administration
Total General and Administrative Expenses
Total Operating Expenses
Depreciation
TOTAL EXPENSES
NET SURPLUS (DEFICIT)
$219,436 - - $219,436
($36,000) $36,000 -
$183,436 $36,000 $219,436
$20,000 - $20,000
$20,000 $20,000
$203,436 $36,000 $239,436
$15,383 - - $15,383
$57,428 - - $57,428
$25,354 - - $25,354
$2,036 - - $2,036
$84 - - $84
$25,200 - - $25,200
$125,485 $125,485
$5,190 - - $5,190
$21,948 - - $21,948
$21 - - $21
$21,948 - - $21,948
$4,000 - - $4,000
- -
$3,532 - - $3,532
$15,312 - - $15,312
$6,000 - - $6,000
$77,951 $77,951
$203,436 $203,436
- - $1,164 $1,164
$203,436 $1,164 $204,600
$36,000 ($1,164) $34,836
Printed on 11/8/2012
Final

Ashford Lakes Community Improvement Association
Cash Flow Budget Summary for FY 2013
Operating Fund
Replacement
Fund
Common
Property Fund
Consolidated
Beginning Cash Balance (All Cash Accounts)
Cash from Operating Activities
Net Surplus (Deficit)
Add Back Depreciation Expense (non-cash)
Add/Subtract Projected Decrease/Increase in A/R,
Prepaid Expenses and Other Assets
Add/Subtract Projected Increase/Decrease in A/P,
Prepaid Assessments, and Other Current Liabilities
Net Cash Flow from Operating Activities
Cash from Investing Activities
Purchase/Repair of Facilities & Equipment (Capitalized)
Net Cash Flow from Investing Activities
Cash from Financing Activities
Loan Principal Payments
Interfund Borrowing (Due To / Due From Other Funds)
Fund Transfers (Permanent Transfer To / From Another
Fund)
Net Cash Flow from Financing Activities
Net Cash Increase (Decrease)
Ending Cash Balance
$74,298 $161,605 - $235,903
- - - -
- $36,000 ($1,164) $34,836
- - $1,164 $1,164
$4 - - $4
- - - -
$4 $36,000 - $36,004
- - - -
- - - -
- - - -
- - - -
- - - -
($35,729) $35,279 - ($450)
- - - -
($35,729) $35,279 - ($450)
($35,725) $71,279 - $35,554
$38,573 $232,884 - $271,457
Final Printed on 11/8/2012

Ashford Lakes Community Improvement Association
Replacement Fund Analysis
Actual
Budgeted
Annual
Allocation to
the Repl Fund
Required
Funds
Projected
Interest WC or
Init Capital
Allocation in
Budget Year
Projected
Expenses
in Budget
Year
Projected
Repl Fund
Balance at
Current
Year End
Est
Future
Repl
Cost
Est
Remain
Useful
Life
(Years) Useful Life Assest/Component
- $40,000 - - - $40,000 1 0 Fence
- $300,000 - - - $300,000 11 0 Lakes
$36,000 ($144,000) - - $144,000 - 10 Undesignated Allocation
$36,000 $196,000 $144,000 Totals:
The information detailed in this report is provided as a planning guide only, unless supported by a Reserve Study prepared by a qualified and
licensed firm or individual in the applicable state. RealManage strongly recommends that the association have a Reserve Study prepared
and updated on an annual basis by a qualified and licensed firm or individual. RealManage is not qualified or licensed to prepare and issue a
Reserve Study and does not represent or warrant any of the information provided herein. It is the responsibility of the association's Board of
Directors to maintain and protect the assets of the association.
Final Printed on 11/8/201