Belmont HOA Illustrative Annual Budget 2/17/14
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Amount
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Description
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RECEIPTS
|
|
|
|
General Fund
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$4,320.00
|
18 lots
x $240 each per year
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|
Road Fund
|
$2,160.00
|
18 lots
x $120 each per year
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|
TOTAL
RECEIPTS
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$6,480.00
|
|
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Less
EST. FIXED EXPENSES
|
|
|
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$425.00
|
Annual
insurance State Farm
|
|
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$1,980.00
|
Piedmont
Electric: $165/month x 12 months
|
|
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$400.00
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Neighborhood
socials: 2 x $200 (approximately)
|
|
|
|
|
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Subtotal of Fixed
Expenses
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$2,805.00
|
|
|
|
|
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ESTIMATED
BALANCE
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|
|
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Est. Remaining Balance of GENERAL Fund (General Fund Receipts-
Est. FIXED EXPENSES)
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$1,515.00
|
Available
for misc costs such as landscaping/tree removal
|
|
Est. Remaining Balance of
ROAD fund
|
$2,160.00
|
Added
to Road Fund to increase Fund for future repairs barring an emergency need
for funds
|
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TOTAL
ESTIMATED BALANCE
|
$3,675.00
|
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