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Oak Creek Homeowners
Association - Expenses 2005 |
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| Administration |
2002 |
2003 |
2004 |
2005 |
2005 |
2005 |
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Actual |
Actual |
Actual |
Proposed
Budget |
Actual |
OVER /
(UNDER) |
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| Management
Fee |
$6,930.00 |
$ 6,930.00 |
$ 6,930.00 |
$7,560 |
$ 7,507.50 |
$
(52.50) |
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| Office Expense |
$1,183.97 |
$ 861.80 |
$ 825.59 |
$ 1,000.00 |
$ 1,133.73 |
$
133.73 |
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| Copies |
$346.95 |
$ 254.40 |
$ 331.30 |
$ 350.00 |
$ 231.88 |
$ (118.12) |
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| Legal |
$250.00 |
$ 304.00 |
$ 822.08 |
$ 350.00 |
$ 5.00 |
$
(345.00) |
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| Telephone |
$258.89 |
$ 283.35 |
$ 277.23 |
$ 300.00 |
$ 282.00 |
$
(18.00) |
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| Bank Charges |
$67.46 |
$ 30.25 |
$ - |
$ 50.00 |
$ - |
$
(50.00) |
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| Postage |
$522.22 |
$ 573.98 |
$ 598.21 |
$ 600.00 |
$ 531.61 |
$
(68.39) |
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| Insurance |
$3,589.00 |
$ 3,962.00 |
$ 3,966.64 |
$ 4,000.00 |
$ 4,037.98 |
$
(37.98) |
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| Real Estate Tax |
$46.04 |
$ 45.42 |
$ 44.48 |
$ 50.00 |
$ 49.66 |
$ (0.34) |
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| Website Costs |
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$ 84.00 |
$ - |
$
(84.00) |
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| Reserve |
$0.00 |
$ 5,000.04 |
$ 5,000.04 |
$ 5,000.00 |
$ 5,000.00 |
$ - |
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| Total |
$13,194.53 |
$ 18,245.24 |
$ 18,795.57 |
$ 19,344.00 |
$ 18,779.36 |
$ (640.60) |
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Reflects increase in
management fee to $630 per month |
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| Clubhouse |
2002 |
2003 |
2004 |
2005 |
2005 |
2005 |
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Actual |
Actual |
Actual |
Proposed
Budget |
Actual |
OVER /
(UNDER) |
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| Exterminating |
$0.00 |
$ 313.50 |
$ 536.80 |
$ 500.00 |
$ - |
$
(500.00) |
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| Utilities |
$6,385.35 |
$ 8,334.44 |
$ 8,017.70 |
$ 8,100.00 |
$ 8,553.16 |
$
453.16 |
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| Janitorial |
$1,008.83 |
$ 1,170.00 |
$ 1,345.00 |
$ 1,300.00 |
$ 1,470.00 |
$
170.00 |
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| Maintenance |
$1,842.08 |
$ 2,914.77 |
$ 1,205.98 |
$ 1,500.00 |
$ 1,845.04 |
$
345.05 |
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| Painting |
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$ - |
$ 7,500.00 |
$ 1,000.00 |
$ 1,400.00 |
$
400.00 |
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| Improvements |
$23,486.01 |
$ - |
$ - |
$ 1,500.00 |
$ 2,196.41 |
$
696.41 |
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| Extraordinary |
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$ 4,899.14 |
$ - |
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| Total |
$32,722.27 |
$ 17,631.85 |
$ 18,605.48 |
$ 13,900.00 |
$ 15,464.61 |
$ 1,564.62 |
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| Relects
minor exterior paint repairs |
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Relects: $500 for 6 new
tables and $1000 for new sofa |
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| Grounds |
2002 |
2003 |
2004 |
2005 |
2005 |
2005 |
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Actual |
Actual |
Actual |
Proposed
Budget |
Actual |
OVER /
(UNDER) |
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| Landscape
Maintenance |
$12,492.13 |
$8,295.00 |
$7,110.00 |
$ 8,540.00 |
$ 8,544.13 |
$ 4.13 |
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| Landscape Improvement |
$7,500.00 |
$760.00 |
$697.54 |
$ 4,870.00 |
$ 6,499.60 |
$
1,629.60 |
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| Pond Maintenance |
$930.00 |
$0.00 |
$0.00 |
$ - |
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| Snow Removal |
$250.00 |
$75.00 |
$300.00 |
$ 300.00 |
$ 357.00 |
$
57.00 |
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| Tennis Court Repairs |
$0.00 |
$0.00 |
$1,845.00 |
$ - |
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| Total |
$21,172.13 |
$ 9,130.00 |
$ 9,952.54 |
$ 13,710.00 |
$ 15,400.73 |
$ 1,690.73 |
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| Includes: $3500 re-gravel around pond, $1370 to
sealcoat clubhouse lot |
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| Pool |
2002 |
2003 |
2004 |
2005 |
2005 |
2005 |
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Actual |
Actual |
Actual |
Proposed
Budget |
Actual |
OVER /
(UNDER) |
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| Payroll |
$6,861.02 |
$6,129.42 |
$6,077.18 |
$ 7,500.00 |
$ 8,446.05 |
$
946.00 |
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| Payroll Tax |
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$559.86 |
$460.61 |
$ 750.00 |
$ 807.31 |
$
57.31 |
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| Pool Maintenance |
$1,096.15 |
$2,006.96 |
$999.03 |
$ 1,000.00 |
$ 73.60 |
$
(926.40) |
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| Open/Close |
$550.00 |
$575.00 |
$1,325.00 |
$ 1,000.00 |
$ 1,090.00 |
$
90.00 |
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| Improvements |
$361.60 |
$0.00 |
$18.14 |
$ 500.00 |
$ - |
$
(500.00) |
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| Scavanger |
$192.00 |
$53.35 |
-$35.85 |
$ - |
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| *New Chairs |
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$3,240.00 |
$2,564.18 |
$ - |
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| Repairs |
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$ 4,000.00 |
$ 1,646.12 |
$ (2,353.88) |
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| Other |
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$ 4.65 |
$ 4.65 |
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| Total |
$9,060.77 |
$ 12,564.59 |
$ 11,408.29 |
$ 14,750.00 |
$ 12,067.73 |
$ (2,682.32) |
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| Totals |
2002 |
2003 |
2004 |
2005 |
2005 |
2005 |
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Actual |
Actual |
Actual |
Proposed
Budget |
Actual |
OVER /
(UNDER) |
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| Administration |
$
13,194.53 |
$
18,245.24 |
$
18,795.57 |
$
19,344.00 |
$ 13,779.36 |
$ (5,564.64) |
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| Pool |
$ 9,060.77 |
$
12,564.59 |
$
11,408.29 |
$
14,750.00 |
$ 12,067.73 |
$ (2,682.27) |
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| Grounds |
$
21,172.13 |
$ 9,130.00 |
$ 9,952.54 |
$
14,310.00 |
$ 15,400.73 |
$ 1,090.73 |
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| Clubhouse |
$
32,722.27 |
$
17,631.85 |
$
18,605.48 |
$
13,900.00 |
$ 15,464.61 |
$ 1,564.31 |
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| Other |
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0 |
$
(39.33) |
$
39.33 |
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| Total |
$ 76,149.70 |
$ 57,571.68 |
$ 58,761.88 |
$ 62,304.00 |
$ 56,673.10 |
$ (5,552.54) |
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| Income |
2003 |
2004 |
2005 |
2005 |
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Actual |
Actual |
Budget |
Actual |
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Assets Goal 2005 |
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| Assessments |
$ 63,504.00 |
$ 64,800.00 |
$ 64,800.00 |
$
64,800.00 |
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$ 47,970.55 |
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| Clubhouse/Pool Rental* |
$
700.00 |
$ 595.00 |
$
600.00 |
$ 760.00 |
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| Interest* |
$ 242.94 |
$ 278.88 |
$
300.00 |
$ 848.38 |
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| Other |
$
245.60 |
$ 150.00 |
$
150.00 |
$ 580.00 |
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| Accounts Receivable |
$
(780.00) |
$ (864.00) |
$
(800.00) |
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| Total Cash Received |
$ 63,912.54 |
$ 64,959.88 |
$ 65,050.00 |
$ 66,988.38 |
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| Assets Goal |
$ 23,867.23 |
$
36,016.13 |
$ 47,970.55 |
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| Actual Assetes |
$ 31,016.13 |
$
42,970.55 |
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$ 56,673.10 |
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| Above or (Below) Goal |
$ 7,148.90 |
$
6,954.42 |
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$ 8,702.55 |
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| Total Profit / Loss for the Year |
$
12,149.00 |
$ 11,954.42 |
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$ 10,315.28 |
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