2008 Cash Budget
2008 Assessment Revenues Income Assessment Collections-2008 Current Assessment Year (1) Delinquent Collections-2007 Assessments & before Volunteer Assessment Income Supplemental Revenue--Based on 2006 + 10% Total Operating Income 491,700 25,000 0 0 516,700 0 0 0 270,000 270,000 270,000 786,700 491,700 25,000 2008 Supplemental Revenues 2008 Total Revenues
Less: Total Cost of Goods Sold Gross Operating Income 516,700
39,000 231,000
39,000 747,700
2008 Assessment Expenses Expenses Payroll (incl empl taxes)- (3) Employee Benefits Utilities Insurance Professional Fees/Legal, Accounting, Other Vehicle Expense/Repairs/Fuel Heavy Equipment Expense/Repairs/Fuel Supplies & Equipment Repair & Maintenance/Buildings & Equipment Office Admin Exp/Newsletter/Web Site Other Admin Costs/Taxes/Licenses/Fees Advertising/Promotion/Board Comps Software Maintenance & Improvements Collections Expense Miscellaneous Expense 217,560 1,200 14,500 20,000 48,000 29,500 60,000 2,000 2,500 51,000 12,200 5,000 15,000 10,000 750
2008 Supplemental Expenses 183,456 4,300 50,700 20,000 2,000 5,500 0 28,000 17,500 9,000 7,800 19,800 0 0 750
2008 Total Expenses 401,016 5,500 65,200 40,000 50,000 35,000 60,000 30,000 20,000 60,000 20,000 24,800 15,000 10,000 1,500
Loan Interest Expense Total Operating Expenses
11,800 501,010
400 349,206
12,200 850,216
Debt Service Items Debt Service-Principal Payments (2) Debt Service-2008 Cash Flow for Ops from Contingency Fund Total Debt Service
2008 Assessment Revenues 55,070 60,000 115,070
2008 Supplemental Revenues 0 0 0
2008 Total Revenues 55,070 60,000 115,070 (60,000)
Cash Flow Loan from new Contingency Fund Repaid from past due collections NET REVENUE TO CAPITAL RESERVE (DEF CASH FLOW)
(99,380)
(118,206)
(157,586)
(1) Assessment Income based on 3% CPI Increase in Assessment Total Owner Accounts: All Exempt Accounts: Uncollectible Accounts: Slow Pay Accounts - 10%: Total Accounts Collectible within the 2008 Assessment Year (2) Truck and Motorgraders (3) Includes % parity raise for all employees due to required federal minimum wage increases. 5,000 (683) (580) (430) 3,307