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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 2017 proposed budget.  The budget and Year-to-Date spending is shown in the monthly Finance Reports.

Proposed 2017 Parkwood Estates
 Homeowners Association Budget
December 19, 2016
Item Revenue Expense
Checking and Savings Carry Over from 2016 $18,148  
Dues $31,700  
Past Year Dues $0  
Misc. Income $100  
Grass Cutting   $10,500
Mulch for play set areas   $3,900
Snow Plowing   $3,000
Lawn Fertilizer   $3,180
Insurance - Parks   $2,700
Financial Secretary   $3,600
Spring Clean Up   $900
Financial Review   $750
Park Tree Trimming   $750
Newsletters   $700
Berm Maintenance   $500
Mailings   $500
Undesignated Expenses   $500
Easter Egg Hunt   $250
Curb Appeal Contest   $105
Court Costs   $200
P.O. Box   $175
Lien Filing Fees   $150
Christmas Lighting Contest   $100
State of Michigan Non-profit Report   $20
Website   $60
Rainy Day Reserve   $5,000
Checking and Savings Carry Over to 2018 (plus Rainy Day Reserve)   $12,408
TOTALS $49,948 $49,948


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Parkwood Estates
Homeowners' Association