| |
|
Existing Units-CPN Master Assn Members
|
2,681
|
|
Units Completed during
Year-New Members
|
228
|
|
Total Homes at End of Year
|
2,909
|
|
Funds Generated from Existing Units
|
$579,096
|
|
Funds Generated from New Units (50%)
|
$ 24,624
|
|
Total Estimated Dues Income
|
$603,720
|
|
|
Proposed Draft 1
|
|
BUDGET
|
2004
|
|
Revenue
|
|
|
Homeowner Assessments
|
|
$
|
603,720
|
|
Interest Income
|
|
|
1,000
|
|
Design Review Income
|
|
|
0
|
|
Advertising Income
|
|
|
0
|
|
Other Income
|
|
|
2,000
|
|
Less: Park Plan Transfer
|
70%
|
|
(422,604)
|
|
Total Revenue
|
|
$
|
184,116
|
|
EXPENSES
|
|
|
Financial/Legal/Administrative:
|
|
|
Accounting/Tax Prep
|
$
|
1,000
|
|
Bank Charges
|
|
100
|
|
Filing Fees
|
|
150
|
|
Insurance
|
|
5,000
|
|
Legal
|
|
35,000
|
|
Management Fee
|
|
50,000
|
|
Printing
|
|
4,300
|
|
Postage and Delivery
|
|
3,000
|
|
Misc. Financial Expense
|
|
1,000
|
|
Printing &
Communications:
|
|
|
Publishing
|
6,500
|
|
Article/Email/Letter Writing
|
7,000
|
|
Printing
|
9,000
|
|
Postage
|
5,500
|
|
Misc. Newsletter Expense
|
1,000
|
|
Less: Newsletter Advertising
|
(15,000)
|
|
Web Site
|
30,000
|
|
Social Events:
|
16,000
|
|
Easter Egg Hunt
|
|
|
Summer Party
|
|
|
Fall Party
|
|
|
Garage Sale
|
|
|
Other
|
|
|
Community Improvement Projects
|
20,000
|
|
Holiday Decorations
|
|
3,000
|
|
Miscellaneous Expense
|
|
100
|
|
Total Expenses
|
$
|
182,650
|
|
Excess(Deficit) of Income over Expenses
|
$
|
1,466
|
|
|
|
|
|
|
|
|
|
