|
|
| VIZCAYA AT LAKE CORAL SPRINGS |
2006 Proposed Estimated Operating Budget
January 1, 2006 thru December 31, 2006
|
|
|
|
Actual |
2005 |
|
Proposed |
|
|
|
Jul. 31, |
Actual |
2005 |
2006 |
|
|
2005 |
Annualized |
Budget |
Budget |
|
| REVENUE |
|
|
|
|
Maintenance Assessment |
317,730 |
544,680 |
544,680 |
560,700 |
|
|
Late Fees |
1,646 |
2,822 |
3,000 |
2,800 |
|
|
Interest Income |
|
714 |
1,224 |
200 |
1,000 |
|
|
Prior Year
Surplus/Working Capital |
11,666 |
19,999
|
20,000 |
16,000 |
|
|
Miscellaneous Income |
758 |
1,299 |
1,000 |
1,005 |
|
| Total Revenue |
|
$332,514 |
$570,024 |
$568,880 |
$581,505 |
|
| |
| |
| EXPENSES |
|
|
|
| |
|
Utilities |
|
|
|
|
Electricity- Common |
345 |
591 |
500 |
600 |
|
|
Electricity/Streetlights |
5,831 |
9,996 |
9,500 |
10,000 |
|
|
Electricity-Tennis Courts |
899 |
1,541 |
1,700 |
1,700 |
|
|
Electricity-Rec.Facilities |
3,928 |
6,734 |
7,100 |
6,800 |
|
|
Telephone |
|
433 |
742 |
800 |
800 |
|
|
Telephone- Rec Center |
808 |
1,385 |
1,500 |
1,500 |
|
|
Water/Sewer/Trash |
7,327 |
12,561
|
10,000 |
12,000 |
|
|
Gas |
|
2,592 |
4,443 |
7,000 |
4,500 |
|
|
Bulk Cable TV |
|
60,651 |
103,973
|
105,000 |
108,150 |
|
|
Internet Site |
|
0 |
0 |
300 |
300 |
|
|
Total Utilities: |
|
82,814 |
141,967 |
143,400 |
146,350 |
|
|
|
|
Services/Supplies/Maintenance: |
|
|
|
|
|
|
Bulk Alarm Monitoring |
21,607 |
37,041
|
63,000 |
66,150 |
|
|
Gated Entry Maintenance |
5,195 |
8,906 |
6,500 |
8,000 |
|
|
Access Control |
|
271 |
465 |
3,000 |
1,000 |
|
|
Janitorial
Service/Supplies |
8,169 |
14,004
|
11,000 |
12,000 |
|
|
Irrigation Maintenance |
5,077 |
8,703 |
8,000 |
8,500 |
|
|
Landscape Replacement |
5,356 |
9,182 |
4,000 |
7,000 |
|
|
Mulch |
|
26,596 |
45,593
|
52,000 |
52,000 |
|
|
Repairs & Maintenance |
5,858 |
10,042
|
10,000 |
10,000 |
|
|
Lawn Maintenance-Common |
38,208 |
65,499
|
65,500 |
67,465 |
|
|
Lawn Maintenance-Homes |
53,083 |
90,999
|
91,000 |
93,730 |
|
|
Lawn
Maintenace-Fertilization |
19,008 |
32,585
|
21,155 |
21,800 |
|
|
Spraying -Pest Control |
4,900 |
8,400 |
14,700 |
15,150 |
|
|
Tree Trimming |
|
4,260 |
7,303 |
11,865 |
14,000 |
|
|
Pool Maintenance |
3,740 |
6,411 |
6,000 |
6,000 |
|
|
Irrigation Repairs |
1,769 |
3,033 |
3,500 |
3,000 |
|
|
Equiptment Maintenance |
275 |
471 |
2,000 |
1,200 |
|
|
Total Services/Supplies/Maint: |
203,372 |
348,638 |
373,220 |
386,995 |
|
|
|
|
Administrative Expenses: |
|
|
|
|
|
|
Accounting |
|
0 |
0 |
2,500 |
2,200 |
|
|
Legal & Professional
fees |
343 |
588 |
3,000 |
1,000 |
|
|
Management Fees |
15,251 |
26,145
|
26,145 |
26,145 |
|
|
Office Supplies &
Postage |
1,726 |
2,959 |
4,000 |
3,200 |
|
|
Insurance-Liab/Prop |
5,583 |
9,571 |
9,000 |
9,000 |
|
|
Insurance-
Directors/Officers |
854 |
1,464 |
1,500 |
1,500 |
|
|
Insurance-Fidelity Bond |
0 |
0 |
250 |
250 |
|
|
Licenses/Permits/Income
Tax |
361 |
619 |
400 |
400 |
|
|
Contingency Expense |
0 |
0 |
400 |
450 |
|
|
Corporation Annual Report |
0 |
0 |
65 |
65
|
|
|
Bad Debt Expense |
0 |
0 |
300 |
0 |
|
| |
Total Administrative Expenses |
24,118 |
41,345 |
47,560 |
44,210 |
|
|
| Total Operating Expenses: |
310,304 |
531,950 |
564,180 |
577,555 |
|
|
|
Reserves |
|
|
|
|
Reserve Clubhouse
Painting |
175 |
300 |
300 |
0 |
|
|
Reserve Clubhouse Roof |
525 |
900 |
900 |
900 |
|
|
Reserve Pool
Marcite/Furniture |
291 |
499 |
500 |
1,500 |
|
|
Reserve Rec. Facility
Equiptment |
584 |
1,001 |
1,000 |
800 |
|
|
Reserve Sealcoating |
875 |
1,500 |
1,500 |
750 |
|
|
Reserve Tennis Courts |
291 |
499 |
500 |
0
|
|
|
Total Reserves |
2,741 |
4,699 |
4,700 |
3,950 |
|
|
|
|
|
|
| Total Expenses |
|
$313,045 |
$536,649 |
$568,880 |
$581,505 |
|
|
|
RESERVES |
|
Est. Useful |
Est. Remain |
Reserve |
Approx Bal |
Reserve |
|
|
|
Life |
Life |
Goal |
Jan 1,2006 |
Additions |
|
Reserve Clubhouse
Painting |
5 |
0 |
4,700 |
4,700 |
$0
|
|
Reserve Clubhouse Roof |
20 |
10 |
15,000 |
5,875 |
$900 |
|
Reserve-Irrigation |
5 |
0 |
4,750 |
4,750 |
$0
|
|
Reserve Pool
Marcite/Furniture |
7 |
3 |
8,000 |
4,500 |
$1,500 |
|
Reserve Rec. Facility
Equiptment |
8 |
3 |
12,000 |
8,000 |
$800 |
|
Reserve Paving/Sealing |
20 |
5 |
20,000 |
11,200 |
$750 |
|
Reserve Tennis Courts |
5 |
0 |
7,600 |
7,600 |
$0
|
| |
TOTAL RESERVES |
|
|
|
46,625 |
$3,950 |
| |
|
|
|
ASSESSMENTS |
|
|
Units |
Annual Assessment |
|
Per Unit - |
Annually |
|
Per Monthly |
|
267 |
$560,700 |
|
|
$2,100 |
|
$175 |
|
|
