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					               WEST MEADOWS PROPERTY OWNERS ASSOCIATION, INC. OPERATING BUDGET
                                                2008
                             January 1, 2008 through December 31, 2008
         Adopted: Ocober 16, 2007                                            2007        2007        2008         2008
                                                                           ANNUAL        EST.       ANNUAL      MONTHLY
Acct #                            Revenue                                  BUDGET      YEAR END     BUDGET      BUDGET
 3100    Master Assn.Fees (1,394 units) @$315/yr. 2008                                               $439,128     $36,594
 3100    Master Assn.Fees (1,394 units) @$314/yr. 2007                      $437,328    $431,676
 3101    The Preserve Subsidy Repayment                                       $6,996      $6,996           $0          $0
 3102    Strathmoor/Hawthorne (296 units) @$278/yr.                         $158,532     $151,656     $82,296      $6,858
 3210    The Preserve (278 units) @$200 yr.                                  $70,596     $69,342      $55,608      $4,634
 3400    Interest/Operating                                                               $2,333
 3450    Interest Reserve                                                                 $2,813
 3700    Architectural Review                                                             $1,525
 3900    Miscellaneous Income                                                               $758
 3902    Gate Income ST&HW                                                                  $506
 3903    Gate Income Preserve                                                               $670
 3910    Legal Recovery                                                                     $454
                                                    Total Revenue           $673,452    $668,730     $577,032     $48,086

         Master Association Expenses
         Administrative
4006     Management/Bookkeeping                                              $65,760     $64,173      $66,576      $5,548
4012     Office Expense                                                      $12,996      $9,513      $12,000      $1,000
4041     Committees/Newsletter/Website (Network Solutions #25685576)           $180           $0        $120          $10
4050     Corporate Fees                                                          $60         $60          $60          $5
4056     Bad Debt                                                             $2,040      $1,992       $3,600       $300
4083     Taxes                                                                    $0          $0           $0          $0
                                                               Sub-Total     $81,036     $75,739      $82,356      $6,863
         Insurance
4090     General Liability                                                    $3,504      $3,233       $3,504       $292
4091     Umbrella                                                             $7,500      $7,134       $7,500       $625
4092     Directors & Officers                                                 $3,000      $3,054       $3,204       $267
4093     Bond                                                                  $396        $370         $456          $38
                                                               Sub-Total     $14,400     $13,790      $14,664      $1,222
         Services
4073     CPA/Audit                                                            $3,504      $3,500       $3,696       $308
4074     Professional                                                             $0       $675         $696          $58
4076     Legal                                                               $18,600     $10,195      $15,000      $1,250
6014     Lighting Fixtures                                                     $996       $1,181       $1,200       $100
6025     Pressure Washing (walls/caps)                                        $3,000          $0       $3,000       $250
6030     Irrigation Repairs                                                  $15,000     $15,522      $17,004      $1,417
6036     Aquatic Maint/Blue Water Aquatics/Contract                          $24,312     $25,056      $25,896      $2,158
6037     Aquatic Non-Contract/Clean-Up/Treatment                             $12,000          $0       $5,004       $417
6047     Fencing and Signs                                                    $3,000          $0       $3,000       $250
6100     Grounds Contract                                                   $174,408    $173,464     $178,668     $14,889
6110     Grounds Misc.                                                       $12,000     $15,000      $19,884      $1,657
6122     SWFWMD Permit Maintenance                                            $5,196     $12,000       $2,496       $208
6120     Mitigation/Replanting/Reporting/BRA                                 $21,792      $3,000       $3,000       $250
6121     Landscape Improvements/Replacements                                 $20,400      $1,500      $26,856      $2,238
6170     Annuals                                                              $5,004      $2,500       $5,004       $417
6191     Telephone/Lift Station/                                              $1,080      $1,300       $1,500       $125
                                                               Sub-Total    $320,292    $264,893     $311,904     $25,992
         Utilities
7001     Electricity                                                         $13,200      $13,500     $15,000      $1,250
7011     Water/Irrigation                                                      $120           $23       $204          $17
            WEST MEADOWS PROPERTY OWNERS ASSOCIATION, INC. OPERATING BUDGET
                                             2008
                          January 1, 2008 through December 31, 2008
                                                             Sub-Total       $13,320    $13,523        $15,204     $1,267
     Other
9100 Contingency                                                              $9,996      $9,996        $9,996      $833
9440 Signs/Wall/Reserve                                                       $5,280          $0        $5,004      $417
                                                             Sub-Total       $15,276     $9,996        $15,000     $1,250

                                              Total Master Expenses         $444,324   $377,941       $439,128    $36,594

       Strathmoor & Hawthrone Estates
8500   Grounds Contract                                                     $39,144     $28,500        $25,704     $2,142
8510   Landscape Replanting                                                  $1,200          $0         $1,668       $139
8518   Camera Maintenance                                                        $0          $0         $1,200       $100
8519   Lighting Maintenance                                                      $0          $0         $1,500       $125
8520   Annuals (4 rotations per year)                                        $2,004       $500          $2,496       $208
8529   Access Gate Maintenance Contract                                          $0          $0         $5,460       $455
8530   Access Gate Maintenance                                               $9,996     $19,157         $8,640       $720
8531   Access Gate Improvement                                                   $0          $0             $0         $0
8532   Access Gate System                                                   $12,000       $320              $0         $0
8533   Lighting Improvements                                                $17,544     $19,028             $0         $0
8534   Key System Improvements                                               $2,100      $8,085             $0         $0
8540   Electricity (835656/886302)                                           $6,000      $2,500         $3,000       $250
8541   Water                                                                   $120       $160            $180        $15
8550   Gate Telephones - (Strathmoor 813/615-0743 Hawthorne 813/615-1935)    $1,380      $1,201         $1,404       $117
8555   Contingency                                                           $3,000          $0         $3,000       $250
8511   Traffic Circle Landscape Renovation                                  $36,000     $35,202             $0         $0
8560   Reserve - Access Gate                                                 $5,004      $5,004         $5,004       $417
8561   Reserve - Roads                                                      $17,040     $17,040        $17,040     $1,420
8562   Reserve - Security System                                             $6,000      $6,000         $6,000       $500
                                                Total Estates Expense       $158,532   $142,697         $82,296     $6,858

       The Preserve
8650   The Preserve Subsidy Repayment                                        $6,996      $6,996             $0         $0
8600   Grounds Contract                                                     $21,648     $19,984        $20,604     $1,717
8610   Landscape Replanting                                                  $3,504          $0         $1,200       $100
8615   Roads Maintenance                                                     $1,800          $0         $1,800       $150
8618   Camera Project                                                            $0          $0             $0         $0
8619   Access Gate Maintenance Contract                                          $0          $0         $2,736       $228
8620   Access Gate Maintenance                                              $13,200     $14,070         $9,288       $774
8630   Electricity                                                           $6,000      $2,000         $2,484       $207
8640   Telephone/Gate (813/866-8271)                                           $600         600           $648        $54
8655   Contingency                                                           $1,200          $0         $1,200       $100
8660   Reserve - Access Gate                                                 $5,004      $5,004         $5,004       $417
8661   Reserve - Roads                                                      $10,644     $10,644        $10,644       $887
                                      Total Preserve Expense                 $70,596    $59,298         $55,608     $4,634
                                           TOTAL EXPENSES                   $673,452   $579,936       $577,032    $48,086


       Assessments                                                          2007       2008        % Inc/(Dec).
       Master (1,394 units)                                                 $314       $315           0.32%
       The Estates (296 units)                                              $536       $278          -48.13%
       The Preserve (278 units)                                             $254       $200          -21.25%

       *The replacement cost is an estimate to assist in budget planning. Greenacre Properties recommends
    WEST MEADOWS PROPERTY OWNERS ASSOCIATION, INC. OPERATING BUDGET
                                     2008
                  January 1, 2008 through December 31, 2008
that a reserve analysis be completed by a qualified outside reserve specialist.

				
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