Corrected Budget Summary

Oct 02, 2018

In the October magazine the Budget summary for 2018 Operating Expenses were stated incorrectly.

The great news to us was that several homeowners read our article and questioned the increase. The corrected information is below. Much of the increase in expenses is a direct result of the increase in our trash contract.

The overall increase from 2018 to 2019 is $43,091 and that increase will be supplemented by the 2018 surplus.

Assessments for 2019 will remain at 2018 levels!

Townhomes    $88.05
Detached Homes   $78.35
Detached Homes w/ Common Drive $94.50
 
Income 2018 2019
Assessment & Fees 6,333,819 6,407,570
Other Sources 567,360 506,700
Prior Year Surplus 120,000 150,000
Total Income 7,021,179 7,064,270
     
Expenses    
Administrative 1,400,909 1,376,947
Committee & Board 65,000 60,000
Recreation & Events 387,000 364,000
Operating  1,313,365 1,258,553
Capital Fund 170,000 170,000
Recreation & Pools 968,911 1,028,634
Detached Homes 864,801 928,411
Townhomes 623,506 655,179
Common Drive 25,579 15,471
Condominium Trash 110,108 115,075
Total Expense 7,021,179 7,064,270

             
DETAILED BUDGET INFORMATION CAN BE FOUND HERE.