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Association Seal Association Budget

Association By-Laws state the Treasurer, "... shall prepare an annual budget and a statement of income and expenditures to be presented to the membership at its regular annual meeting ..."

Below is the proposed budget.  The budget and Year-to-Date spending are shown in the monthly Finance Reports.

Proposed 2020 Parkwood Estates
Homeowners Association Budget
November 12, 2019

ITEM Carryovers & Revenues Budgeted Expenses Comments
Savings Carryover $5,220.00    
Checking Carryover $27,000.00    
TOTAL CARRYOVER $32,220.00    
2020 Dues Revenue $36,455.00    
       
Miscellaneous      
Attorney/Liens   $0.00  
Annual Fee-State of MI   $20.00 Due Oct.1st
PO Box Renewal   $176.00 Due Jan. 31st
Management Company   $3,600.00 Briden Management
Web Site $100.00 Hostica.com/Jatek Computer Services, Inc.
Property Tax $100.00 Drain Assessments Lots 318, 319 & 320
       
Utilities      
Insurance $2,100.00 Auto Owners Insurance - Paid thru 4/10/20
       
Landscaping      
Mowing/Fertilizing/Clean up   $13,000.00 Eager Beaver Lawn Care
Park Maintenance   $2,000.00  
New signs (2)   $2,000.00  
Mulch   $1,250.00  
Snow Removal   $3,600.00 Eager Beaver 
       
Social      
Lighting Contest   $105.00 3 Awards - $35 each
Curb Appeal Contest   $105.00 3 Awards - $35 each
Egg Hunt   $350.00  
Park Activities   $2,000.00  
       
Office Expenses/Mailing      
Newsletters/Printing/Postage   $700.00  
       
Undesignated Expenses   $600.00  
TOTALS $68,675.00 $31,806.00
REVENUES AND CARRYOVER minus EXPENSES $36,869.00
     
ESTIMATED CARRYOVER TO 2021
Savings $5,220.00
Checking $31,649.00
TOTAL CARRYOVER TO 2021 $36,869.00

 


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