|
|
|
Lake Seminole Village Homeowners Assoc. Inc,
122
Homes
Jan
1 - Dec 31, 2005 APPROVED Budget
|
ACCT
|
REVENUE
|
2004
Annual
|
2005
Annual
|
|
4010
|
Unit
Maintenance Fees
|
$
97,599.96
|
$
109,800.00
|
|
Note:
Annual Assessments for 2005 proposed $900.00
per lot, and shall be paid semi-annually $450.00
per payment.
|
|
4020
|
Unit
Late Fees
|
$
-0-
|
$
-0-
|
|
4400
|
Interest
|
$
-0-
|
$
-0-
|
|
4800
|
Other
Income
|
$
-0-
|
$
-0-
|
| |
TOTAL
REVENUE
|
$
97,599.96
|
$
109,800.00
|
| |
|
|
|
| |
OPERATING
EXPENSES
|
|
|
|
5010
|
Administrative
|
$
3,000.00
|
$
1,800.00
|
|
5020
|
Meeting
Hall
|
$
150.00
|
$
600.00
|
|
5300
|
Insurance
(Casualty)
|
$
3,999.96
|
$
5,280.00
|
|
5400
|
Lawn
Service Contract
|
$
21,000.00
|
$
21,000.00
|
|
5600
|
Lic/Fees/Annual
Report
|
$
72.00
|
$
72.00
|
|
5800
|
Management
Fee
|
$
8,052.00
|
$
7,320.00
|
|
5900
|
Professional
– Legal
|
$
5,199.96
|
$
5,700.00
|
|
5910
|
Professional
– Tax
|
$
-0-
|
$
300.00
|
|
6100
|
Repair/Maintenance
– General
|
$
6,000.00
|
$
6,173.00
|
|
6105
|
Entry
Maintenance
|
$
384.00
|
$
-0-
|
|
6110
|
Repair/Maintenance
– Grounds
|
$
3,000.00
|
$
4,800.00
|
|
6120
|
Repair/Maintenance
– Mulch
|
$
3,999.96
|
$
4,800.00
|
|
6130
|
Repair/Maintenance
– Irrigation
|
$
999.96
|
$
2,400.00
|
|
6140
|
Repair/Maintenance
– Wet Land Area
|
$
1,738.20
|
$
1,800.00
|
|
6150
|
SWFWMD
Report
|
$
504.00
|
$
600.00
|
|
7001
|
Utilities
– Electric
|
$
6,804.00
|
$
6,000.00
|
|
7003
|
Utilities
– Gate Telephone
|
$
1,299.96
|
$
1,400.00
|
|
7004
|
Utilities
– Reclaimed Water
|
$
9,999.96
|
$
10,800.00
|
|
7005
|
Cable
|
$
16,008.00
|
$
18,500.00
|
|
8000
|
Operating
Contingency
|
$
2,388.00
|
$
2,400.00
|
| |
|
|
|
| |
TOTAL
OPERATING EXPENSES
|
$
94,599.96
|
$
101,745.00
|
| |
|
|
|
| |
RESERVES
|
|
|
|
9010
|
Reserves
Painting Walls
|
$
-0-
|
$
833.00
|
|
9020
|
Reserves
Paving
|
$
-0-
|
$
2,400.00
|
|
9025
|
Reserves
Paving Seal Coating
|
$
-0-
|
$
1,072.00
|
|
9050
|
Reserves Wall Repairs |
$
-0-
|
$
1,500.00
|
|
9070
|
Reserves
Boardwalk
|
$
-0-
|
$
1,000.00
|
|
9090
|
Reserves
Gate
|
$
-0-
|
$
1,250.00
|
|
9100
|
General
Reserves (Deferred)
|
$
3,000.00
|
$
-0-
|
| |
|
|
|
| |
TOTAL
RESERVES
|
$
3,000.00
|
$
8,055.00
|
| |
TOTAL
EXPENSES
|
$
97,599.96
|
$
109,800.00
|
| |
|
|
|
| |
NET
CALCULATION
|
$
97,599.96
|
$
109,800.00
|
| |
|
|
|
|
Note: Replacement
cost was estimated and completed November 2, 2004
|
|
2005
RESERVE ANALYSIS
|
|
Description
|
Cost
|
Current
Reserves
|
Life
|
Remain
Life
|
Unreserved
|
Annual
Reserves
|
|
Painting
Walls
|
$5,000.00
|
-0-
|
6Yrs
|
6Yrs
|
$5,000.00
|
$833.00
|
|
Paving
|
$60,000.00
|
-0-
|
25Yrs
|
25Yrs
|
$60,000.00
|
$2,400.00
|
|
Paving
Seal Coating
|
$7,500.00
|
-0-
|
7Yrs
|
7Yrs
|
$7,500.00
|
$1,072.00
|
|
Walls
Replacement
|
$75,000.00
|
-0-
|
50Yrs
|
50Yrs
|
$75,000.00
|
$1,500.00
|
|
Board
Walk
|
$20,000.00
|
-0-
|
20Yrs
|
20Yrs
|
$20,000.00
|
$1,000.00
|
|
Gate
Replacement
|
$25,000.00
|
-0-
|
20Yrs
|
20Yrs
|
$25,000.00
|
$1,250.00
|
|
Deferred
|
|
$3,000.00
|
|
|
|
$3,173.00
|
Note:
All Figures were rounded to the nearest dollar
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|
