Wolfstar HOA 2018 BUDGET

Revised Actual Budget

Budget 2017 2018
2017 (Unaudited) With 5% Increase
REVENUES
DUES RECEIPTS $99,562.20 $99,564.00 $106,974.00
MISC INCOME $0.00 $1,172.66 $0.00
INTEREST $50.00 $10.66 $50.00
INSURANCE CLAIMS $0.00 $0.00 $0.00
SPECIAL ASSESSMENT $38,000.00 $38,006.00 $0.00
TOTAL REVENUES: $137,612.20 $138,753.32 $107,024.00

OPERATING EXPENDITURES
PROPERTY MANAGEMENT $4,560.00 $4,180.00 $5,100.00
POSTAGE/SUPPLIES $500.00 $202.62 $500.00
INSURANCE $10,381.00 $10,381.00 $12,000.00
TRASH REMOVAL $7,926.00 $7,909.14 $7,972.00
IRRIGATION WATER $4,560.00 $4,560.00 $4,560.00
SNOW REMOVAL $50,000.00 $41,594.32 $20,000.00
GROUNDS MAINTENANCE $16,000.00 $18,803.00 $16,000.00
BUILDING MAINTENANCE $20,000.00 $19,026.30 $30,000.00
PAVING $0.00 $1,290.00 $1,000.00
ACCOUNTING/LEGAL $3,600.00 $4,275.00 $3,600.00
TAXES $0.00 $0.00 $0.00
MISCELLANEOUS $500.00 $333.34 $500.00
TOTAL OPERATING EXPENSES: $118,027.00 $112,554.72 $101,232.00

NON-OPERATING EXPENDITURES
DEBT SERVICE $0.00 $0.00 $0.00
ROOFS $0.00 $8,471.00 $0.00
DEVELOPMENT IMPROVEMENTS $0.00 $0.00 $0.00
TOTAL NON-OPERATING EXPENSES: $0.00 $8,471.00 $0.00

TOTAL EXPENSES: $118,027.00 $121,025.72 $101,232.00

NET RECEIPTS OVER EXPENSES: $19,585.20 $17,727.60 $5,792.00

RESERVES AS OF 12/31/2017: $65,152.82 $66,676.79 $72,468.79

RESERVES/ACCUMULATION ACCOUNTS:
PAINTING/STAINING: $16,288.21 $16,669.20 $18,117.20
ROAD WORK/PAVING: $6,515.28 $6,667.68 $7,246.88
ROOF REPLACEMENT: $16,288.21 $16,669.20 $18,117.20
MISCELLANEOUS: $26,061.13 $26,670.72 $28,987.52