Falcon Ridge HOA Master Budget Plan
05-'06
actual
06-'07
proj. actual $ 95.00 $
07-'08
budget 95.00 $
08-'09
budget 95.00 $
09-'10
budget 105.00 $
10-'11
budget 105.00 $
11-'12
budget 105.00
Assess/house/month Revenues Bank Interest Late fees Park Rentals Reg. Assessments Total Revenues Expenses Administration CP&L Lighting Deck Maint. Deck Stain Grounds Clean Grounds Mulch Grounds Maint. Gutter Cleaning Legal & Bank Fees Liability Insurance Mailbox Units Paint & Clean Parking Sealing Pest Control Plumbing Repairs Rental Fees Roof Repair/Replace Sidewalks Taxes Terminite Contract Vinyl Siding Maint. Total Expenses Net Income Reserve prev. year Reserve forward Reserve Acct. Bal. Roof Replace Deck Replace Siding Replace Pavement Replace Req. Cash Reserves Actual vs. Budget
$
85.00
$ $ $
915.00 655.00 4,760.00
$ $ $
1,075.00 1,090.00 2,800.00
$ $ $
3,478.59 500.00 3,100.00
$ $ $
3,402.19 250.00 3,100.00
$ $ $
6,809.75 250.00 3,100.00
$ $ $
9,858.76 250.00 3,100.00
$ $ $
9,764.72 250.00 3,100.00
$ 112,303.00
$ 118,301.58
$ 126,260.00
$ 124,260.00
$ 137,340.00
$ 137,340.00
$ 137,340.00
$ 118,633.00
$ 123,266.58
$ 133,338.59
$ 131,012.19
$ 147,499.75
$ 150,548.76
$ 150,454.72
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
13,080.00 4,486.57 36,650.00 8,514.07 7,259.28 23,937.17 3,924.00 435.50 942.00 100.00 930.00 4,832.58 70.00 2,225.00 308.00 8,920.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
13,080.00 4,533.71 100.00 6,000.00 8,000.00 5,604.40 24,187.34 3,037.00 596.00 956.00 1,710.00 70.00 5,000.00 150.00 1,350.00 308.00 74,682.45
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
14,388.00 4,600.00 750.00 8,500.00 7,500.00 25,000.00 4,200.00 500.00 1,075.00 1,000.00 49,000.00 10,000.00 5,000.00 500.00 150.00 2,000.00 408.50 950.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
14,388.00 4,625.00 750.00 8,500.00 7,680.00 25,000.00 4,400.00 500.00 1,075.00 5,000.00 500.00 150.00 2,000.00 1,321.86 1,000.00 76,889.86
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
15,696.00 4,625.00 750.00 8,500.00 7,680.00 26,500.00 4,400.00 500.00 1,100.00 5,050.00 500.00 150.00 2,000.00 1,292.83 1,000.00 79,743.83
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
15,696.00 4,725.00 750.00 40,000.00 8,500.00 7,680.00 26,500.00 4,700.00 500.00 1,100.00 1,000.00 30,000.00 5,050.00 500.00 150.00 2,000.00 2,587.70 1,200.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
17,004.00 4,725.00 750.00 8,000.00 8,500.00 8,064.00 27,250.00 4,700.00 500.00 1,125.00 5,150.00 500.00 150.00 2,500.00 3,746.33 1,200.00 93,864.33
$ 116,614.17
$ 135,521.50
$ 152,638.70
$
2,018.83
$
48,584.13
$
(2,182.91) $
54,122.32
$
67,755.92
$
(2,089.94) $
56,590.39
$ $
48,785.37 50,804.20
$ $
50,804.20 99,388.33
$ $
99,388.33 97,205.42
$
97,205.42
$ 151,327.75 $ 219,083.66
$ 219,083.66 $ 216,993.72
$ 216,993.72 $ 273,584.11
$ 151,327.75
$ $ $ $
40,000.00 17,200.00 24,800.00 16,000.00
$ $ $ $
60,000.00 25,800.00 37,200.00 24,000.00
$ $ $ $
80,000.00 34,400.00 49,600.00 32,000.00
$ 100,000.00 $ $ $ 43,000.00 62,000.00 40,000.00
$ 120,000.00 $ $ $ 51,600.00 74,400.00 48,000.00
$ 140,000.00 $ $ $ 60,200.00 86,800.00 56,000.00
$ 160,000.00 $ $ $ 68,800.00 99,200.00 64,000.00
$
98,000.00
$ 147,000.00
$ 196,000.00
$ 245,000.00
$ 294,000.00
$ 343,000.00
$ 392,000.00
$
(47,195.80) $
(47,611.67) $
(98,794.58) $
(93,672.25) $
(74,916.34) $ (126,006.28) $ (118,415.89)
Fiscal Years 10/01/2004- 9/30/2027
Falcon Ridge HOA Master Budget Plan
12-'13
budget
13-'14
budget $ 115.00 $
14-'15
budget 115.00 $
15-'16
budget 125.00 $
16-'17
budget 125.00 $
17-'18
budget 125.00 $
18-'19
budget 135.00 $
19-'20
budget 135.00
Assess/house/month Revenues Bank Interest Late fees Park Rentals Reg. Assessments Total Revenues Expenses Administration CP&L Lighting Deck Maint. Deck Stain Grounds Improve. Grounds Mulch Grounds Maint. Gutter Cleaning Legal Fees Liability Insurance Mailbox Units Paint & Clean Parking Sealing Pest Control Plumbing Repairs Rental Fees Roof Repair/Replace Social Taxes Terminite Contract Vinyl Siding Maint. Total Expenses Net Income Reserve prev. year Reserve forward Reserve Acct. Bal. Roof Replace Deck Replace Siding Replace Pavement Replace Req. Cash Reserves Actual vs. Budget
$
115.00
$ $ $
12,311.28 250.00 3,100.00
$ $ $
15,390.08 250.00 3,100.00
$ $ $
16,600.32 250.00 3,100.00
$ $ $
20,101.23 250.00 3,100.00
$ $ $
8,026.86 250.00 3,100.00
$ $ $
9,622.79 250.00 3,100.00
$ $ $
7,862.39 250.00 3,100.00
$ $ $
11,898.04 250.00 3,100.00
$ 150,420.00
$ 150,420.00
$ 150,420.00
$ 163,500.00
$ 163,500.00
$ 163,500.00
$ 176,580.00
$ 176,580.00
$ 166,081.28
$ 169,160.08
$ 170,370.32
$ 186,951.23
$ 174,876.86
$ 176,472.79
$ 187,792.39
$ 191,828.04
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
17,004.00 4,725.00 750.00 9,000.00 8,064.00 27,250.00 4,935.00 500.00 1,125.00 11,000.00 5,150.00 500.00 150.00 2,500.00 3,710.59 1,300.00 97,663.59
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
17,514.12 4,725.00 750.00 9,000.00 8,064.00 28,067.50 4,935.00 500.00 1,182.00 1,000.00 52,000.00 5,400.00 500.00 150.00 2,500.00 4,678.29 1,300.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
18,039.54 4,725.00 750.00 9,000.00 8,468.00 28,909.53 5,200.00 500.00 1,182.00 5,400.00 500.00 150.00 2,500.00 5,848.23 1,400.00 92,572.30
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
18,580.73 4,725.00 750.00 43,000.00 9,000.00 8,468.00 29,776.81 5,200.00 500.00 1,242.00 5,670.00 500.00 150.00
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
19,138.15 4,725.00 750.00 9,500.00 9,000.00 8,468.00 30,670.12 5,460.00 500.00 1,242.00 1,000.00 31,000.00 5,670.00 500.00 150.00 2,500.00 7,638.47 1,500.00 -
$ $ $ $ $ $ $ $ $ $ $ $
19,712.30 4,725.00 750.00 9,000.00 8,900.00 31,590.22 5,460.00 500.00 1,305.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
20,303.67 4,725.00 750.00 9,000.00 8,900.00 32,537.93 5,733.00 500.00 1,305.00 5,950.00 500.00 150.00 2,500.00 3,656.66 1,600.00 98,111.25
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
20,912.78 4,725.00 750.00 9,000.00 8,900.00 33,514.06 5,733.00 500.00 1,370.00 1,000.00 55,000.00 6,250.00 500.00 150.00 2,500.00 2,987.71 1,600.00 -
$ 120,000.00 $ $ $ $ $ $ $ $ 5,950.00 500.00 150.00 2,500.00 3,050.21 1,500.00 -
$ 320,000.00 $ $ $ $ 6,308.12 1,400.00 -
$ 142,265.91
$ 455,270.66
$ 139,411.73
$ 215,592.72
$ 155,392.55
$
68,417.69
$
26,894.17
$
77,798.02
$ (268,319.43) $
35,465.12
$
(39,119.93) $
89,681.14
$
36,435.49
$ 273,584.11 $ 342,001.80
$ 342,001.80 $ 368,895.98
$ 368,895.98 $ 446,693.99
$ 446,693.99 $ 178,374.56
$ 178,374.56 $ 213,839.68
$ 213,839.68 $ 174,719.75
$ 174,719.75 $ 264,400.89
$ 264,400.89 $ 300,836.38
$ 180,000.00 $ 77,400.00
$ 200,000.00 $ 86,000.00
$ 220,000.00 $ 94,600.00
$ 240,000.00 $ 103,200.00 $ 148,800.00 $ 96,000.00
$ 260,000.00 $ 111,800.00 $ 161,200.00 $ 104,000.00
$ 280,000.00 $ 120,400.00 $ 173,600.00 $ 112,000.00
$ 300,000.00 $ 129,000.00 $ 186,000.00 $ -
$
-
$ 137,600.00 $ 198,400.00 $ 5,000.00
$ 111,600.00 $ 72,000.00
$ 124,000.00 $ 80,000.00
$ 136,400.00 $ 88,000.00
$ 441,000.00
$ 490,000.00
$ 539,000.00
$ 588,000.00
$ 637,000.00
$ 686,000.00
$ 615,000.00
$ 341,000.00
$
(98,998.20) $ (121,104.02) $
(92,306.01) $ (409,625.44) $ (423,160.32) $ (511,280.25) $ (350,599.11) $
(40,163.62)
Fiscal Years 10/01/2004- 9/30/2027
Falcon Ridge HOA Master Budget Plan
20-'21
budget
21-'22
budget $ 145.00 $
22-'23
budget 145.00 $
23-'24
budget 145.00 $
24-'25
budget 155.00 $
25-'26
budget 155.00 $
26-'27
budget 155.00
Assess/house/month Revenues Bank Interest Late fees Park Rentals Reg. Assessments Total Revenues Expenses Administration CP&L Lighting Deck Maint. Deck Stain Grounds Improve. Grounds Mulch Grounds Maint. Gutter Cleaning Legal Fees Liability Insurance Mailbox Units Paint & Clean Parking Sealing Pest Control Plumbing Repairs Rental Fees Roof Repair/Replace Social Taxes Terminite Contract Vinyl Siding Maint. Total Expenses Net Income Reserve prev. year Reserve forward Reserve Acct. Bal. Roof Replace Deck Replace Siding Replace Pavement Replace Req. Cash Reserves Actual vs. Budget
$
135.00
$ $ $
13,537.64 250.00 3,100.00
$ $ $
15,408.59 250.00 3,100.00
$ $ $
19,586.34 250.00 3,100.00
$ $ $
22,269.35 250.00 3,100.00
$ $ $
26,931.92 250.00 3,100.00
$ $ $
32,245.47 250.00 3,100.00
$ $ $
32,720.53 250.00 3,100.00
$ 176,580.00
$ 189,660.00
$ 189,660.00
$ 189,660.00
$ 202,740.00
$ 202,740.00
$ 202,740.00
$ 193,467.64
$ 208,418.59
$ 212,596.34
$ 215,279.35
$ 233,021.92
$ 238,335.47
$ 238,810.53
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
21,540.16 4,725.00 750.00 50,000.00 9,500.00 9,345.00 34,519.48 6,020.00 500.00 1,370.00 6,250.00 500.00 150.00 500.00 4,521.26 1,700.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
22,186.36 4,725.00 750.00 11,000.00 9,500.00 9,345.00 35,555.07 6,020.00 500.00 1,439.00 6,565.00 500.00 150.00 500.00 5,144.30 1,700.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
22,851.95 4,725.00 750.00 9,500.00 9,345.00 36,621.72 6,321.00 500.00 1,439.00 1,000.00 32,550.00 12,000.00 6,565.00 500.00 150.00 500.00 5,855.26 1,800.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
23,537.51 4,725.00 750.00 9,500.00 9,800.00 37,720.37 6,321.00 500.00 1,520.00 6,900.00 500.00 150.00 500.00 7,442.81 1,800.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
24,243.64 4,725.00 750.00 9,500.00 9,800.00 38,851.98 6,640.00 500.00 1,520.00 6,900.00 500.00 150.00 500.00 8,462.35 1,900.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
24,970.95 4,725.00 750.00 50,000.00 9,500.00 9,800.00 40,017.54 6,640.00 500.00 1,596.00 1,000.00 57,750.00 7,245.00 500.00 150.00 500.00 10,234.13 1,900.00 -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
25,720.08 4,725.00 750.00 14,000.00 9,500.00 10,290.00 41,218.07 6,980.00 500.00 1,596.00 7,245.00 500.00 150.00 500.00 12,253.28 2,000.00 -
$ 151,890.90
$ 115,579.73
$ 152,973.94
$ 111,666.69
$ 114,942.97
$ 227,778.62
$ 137,927.42
$
41,576.74
$
92,838.86
$
59,622.40
$ 103,612.65
$ 118,078.94
$
10,556.85
$ 100,883.10
$ 300,836.38 $ 342,413.12
$ 342,413.12 $ 435,251.98
$ 435,251.98 $ 494,874.38
$ 494,874.38 $ 598,487.03
$ 598,487.03 $ 716,565.97
$ 716,565.97 $ 727,122.82
$ 727,122.82 $ 828,005.93
$
20,000.00
$
40,000.00
$
60,000.00
$
80,000.00
$ 100,000.00 $ 180,600.00 $ 260,400.00 $ 30,000.00
$ 120,000.00 $ 189,200.00 $ 272,800.00 $ 35,000.00
$ 140,000.00 $ 197,800.00 $ 285,200.00 $ 40,000.00
$ 146,200.00 $ 210,800.00 $ 10,000.00
$ 154,800.00 $ 223,200.00 $ 15,000.00
$ 163,400.00 $ 235,600.00 $ 20,000.00
$ 172,000.00 $ 248,000.00 $ 25,000.00
$ 387,000.00
$ 433,000.00
$ 479,000.00
$ 525,000.00
$ 571,000.00
$ 617,000.00
$ 663,000.00
$
(44,586.88) $
2,251.98
$
15,874.38
$
73,487.03
$ 145,565.97
$ 110,122.82
$ 165,005.93
Fiscal Years 10/01/2004- 9/30/2027
Falcon Ridge HOA Master Budget Plan
05-'06 Assess/house/month Revenues Bank Interest Late fees Park Rentals Reg. Assessments Total Revenues Expenses Administration CP&L Lighting Deck Maint. Deck Stain Grounds Clean Grounds Mulch Grounds Maint. Gutter Cleaning Legal & Bank Fees Liability Insurance Mailbox Units Paint & Clean Parking Sealing Pest Control Plumbing Repairs Rental Fees Roof Repair/Replace Sidewalks Taxes Terminite Contract Vinyl Siding Maint. Total Expenses Net Income Reserve prev. year Reserve forward Reserve Acct. Bal. Roof Replace Deck Replace Siding Replace Pavement Replace Req. Cash Reserves $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 13,080.00 4,486.57 36,650.00 8,514.07 7,259.28 23,937.17 3,924.00 435.50 942.00 100.00 930.00 4,832.58 70.00 2,225.00 308.00 8,920.00 116,614.17 2,018.83 48,785.37 50,804.20 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 13,080.00 4,533.71 100.00 6,000.00 8,000.00 5,604.40 24,187.34 3,037.00 596.00 956.00 1,710.00 70.00 5,000.00 150.00 1,350.00 308.00 74,682.45 48,584.13 50,804.20 99,388.33 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 14,388.00 4,600.00 750.00 8,500.00 7,500.00 25,000.00 4,200.00 500.00 1,075.00 1,000.00 49,000.00 10,000.00 5,000.00 500.00 150.00 2,000.00 408.50 950.00 135,521.50 (4,182.91) 99,388.33 95,205.42 $ actual 85.00 06-'07 proj. actual $ 95.00 $ 07-'08 budget 95.00
$ $ $ $ $
915.00 655.00 4,760.00 112,303.00 118,633.00
$ $ $ $ $
1,075.00 1,090.00 2,800.00 118,301.58 123,266.58
$ $ $ $ $
3,478.59 500.00 3,100.00 124,260.00 131,338.59
$ $ $ $ $
40,000.00 17,200.00 24,800.00 16,000.00 98,000.00
$ $ $ $ $
60,000.00 25,800.00 37,200.00 24,000.00 147,000.00
$ $ $ $ $
80,000.00 34,400.00 49,600.00 32,000.00 196,000.00 (100,794.58)
Actual vs. Budget $
(47,195.80) $
(47,611.67) $
Fiscal Years 10/01/2005- 9/30/2008