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2013 Summerbrooke HOA Budget Details

This document contains the adopted 2013 budgets for the Summerbrooke Master Homeowners Association and Summerbrooke Villa homeowners associations. The Master HOA budget projects $30,240 in income, $24,285 in expenses, and a $1,881 deficit. The Villa HOA budget projects $22,080 in income, $22,514 in expenses, and a $434 deficit. Both budgets include line items for management, insurance, reserves, landscaping, snow removal, and other standard HOA expenses.

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437 views93 pages

2013 Summerbrooke HOA Budget Details

This document contains the adopted 2013 budgets for the Summerbrooke Master Homeowners Association and Summerbrooke Villa homeowners associations. The Master HOA budget projects $30,240 in income, $24,285 in expenses, and a $1,881 deficit. The Villa HOA budget projects $22,080 in income, $22,514 in expenses, and a $434 deficit. Both budgets include line items for management, insurance, reserves, landscaping, snow removal, and other standard HOA expenses.

Uploaded by

firemancreative
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Pittsburghs #1 Custom Home Builder

SUMMERBROOKE
Homeowners Association Documents All information is deemed reliable but not guaranteed.

2013 Summerbrooke Master HOA Adopted Budget


Monthly Unit Cost Breakdown Description Income Assessments (1) Late Fees Miscelleous Income Total Income Expenses Fixed Expenses: Management Fee (2) Insurance (Directors & Officers, Umbrella, General Liability) Reserves Sub-Total Fixed Expenses Variable Expenses: Electric Bank Service Charge Copies & Postage (Coupon Books and April Annual Packet) Printed Checks Lawn Cutting (30 cuts per year) Entrance Landscaping Plants and Landscaping Fertilization & Mulching (Landscaping) Chemical Applications Detention Basin (3) Maintenance Repairs Legal & Professional Fees Blumling & Gusky Legal Fees Accounting (Tax Preparation) Miscellaneous Expense Sub-Total Variable Expenses Total Expenses Estimated Surplus/(Deficit) Other Income Reserve Income (4) Reserve Contribution Reserve Interest Income Total Other Income Net Income Comments: (1) $45/month X 45 lots x 2 lot increase per month. (2) $5/door x 45 lots X 2 door increase per month. (3) Developer expense until no longer fully active work zone. (4) 22 new homes X $1,270 per home.
2013_master_adopted_budget_with_units

2013 Budget 30,240.00 0.00 0.00 30,240.00

(Based on 51.25 Units)

45.00

3,360.00 4,476.00 0.00 7,836.00 120.00 0.00 360.00 0.00 1,800.00 3,750.00 750.00 2,050.00 800.00 0.00 0.00 0.00 14,465.35 190.00 0.00 24,285.35 32,121.35 (1,881.35) 27,940.00 0.00 0.00 27,940.00 26,058.65

5.00 7.28 12.28 0.20 0.58 2.93 6.10 1.22 3.33 1.30

23.52 0.31 39.49 51.77 (6.77)

2013 Summerbrooke Villa Adopted Budget


Description Income Assessments (1) Late Fees Miscelleous Income Total Income Expenses Fixed Expenses: Management Fee (2) Insurance Reserves Sub-Total Fixed Expenses Variable Expenses: Bank Service Charge Copies & Postage (3) Printed Checks Lawn Cutting (4) Fertilization (5) Chemical Applications Snow Removal Maintenance Repairs Legal & Professional Fees Accounting (6) Miscellaneous Expense Sub-Total Variable Expenses Total Expenses: Estimated Surplus/(Deficit) 2013 Budget (All Rooftops) 22,080.00 0.00 0.00 22,080.00 Monthly Unit Cost Breakdown (Based on 16 Units)

115.00

1,920.00 0.00 0.00 1,920.00 0.00 100.00 0.00 15,264.00 5,040.00 0.00 0.00 0.00 0.00 190.00 0.00 20,594.00 22,514.00 (434.00)

10.00

10.00

0.52 79.50 26.25

0.99 107.26 117.26 (2.26)

Note: The 16 lots include two vacant/untenanted lots. Comments: (1) $115 per month X 16 lots X 12 months. (2) $10 per door X 16 lots X 12 months. (3) Estimated based on $94.33 charge in 2012. (4) $31.80 per cut X 16 lots X 30 cuts per year. (5) $63.00 per application X 5 applications X 16 lots. (6) Same as 2012 (Preparation & Filing of Tax Return).

2013_villa_adopted_budget_with_units

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