|
H. Bunnell Manager 487-0120
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OAKS NORTH COMMUNITY CENTER, INC.
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INCOME AND EXPENSE BUDGET
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JULY 1, 2008 - JUNE 30, 2009
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ADOPTED APRIL 16, 2008
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| INCOME |
|
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|
| ASSESSMENTS |
|
| Regular Members ** |
$579,085.00 |
|
|
| Associate Members |
$640.00 |
|
|
| Total
Assessments |
|
$579,725.00 |
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|
| ADMINISTRATIVE FEES |
|
| Transfer |
$5,500 |
|
|
|
Document |
$7,800 |
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| Total
Fees |
|
$13,300.00 |
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| INTEREST |
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| Operating Fund |
$7,500.00 |
|
|
| Reserve Fund |
$10,000.00 |
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| Total
Interest |
|
$17,500.00 |
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|
| RENTAL/LEASE INCOME |
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| Rental/Program |
$1,500 |
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|
|
Lease |
$67,631 |
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| Total
Rental/Lease Income |
|
$69,131 |
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| OTHER INCOME |
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| Miscellaneous |
$2,000 |
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|
|
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| Total
Other Income |
|
$2,000 |
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| TOTAL
INCOME |
|
$681,656.00 |
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| |
**Please Note: This income figure is based on an annual assessment of $295.00 per unit.
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| EXPENSES |
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| SALARIES/WAGES/BENEFITS |
|
|
Salaries |
$103,693.00 |
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|
Wages |
$104,208.00 |
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|
Overtime |
$9,704.00 |
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| Payroll
Taxes |
$17,655.00 |
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| Employee
Insurance |
$36,665.00 |
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| Total
Salaries/Wages/Benefits |
$271,925.00 |
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|
| OFFICE/ADMINISTRATIVE |
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| Office
Supplies |
$5,200.00 |
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| Postage |
$11,000.00 |
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| Printing |
$9,000.00 |
|
| Computer/Web
Page
Maintenance |
$2,800.00 |
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| Copier/Computer
Supplies |
$2,000.00 |
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| Dues/Subscriptions/Permits |
$3,200.00 |
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| Advertising/Bank
Charges |
$1,100.00 |
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| Travel |
$775.00 |
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| Total
Office/Administrative |
$35,075.00 |
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|
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| UTILITIES |
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| Water
and
Sewer |
30,000.00 |
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| Electricity |
39,100.00 |
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| Gas |
20,125.00 |
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| Telephone/DSL |
5,475.00 |
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| Cable |
900.00 |
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| Total
Utilities |
$95,600.00 |
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| MAINTENANCE
AND REPAIRS |
| Pool/Spa |
1,500.00 |
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| Landscaping |
30,300.00 |
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| Tennis
Courts |
1,000.00 |
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| Buildings
and
Equipment |
14,500.00 |
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| Unscheduled
Maintenance/Repairs |
10,000.00 |
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| Non-Capital
Replacements |
2,500.00 |
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| Maintenance
Agreements |
3,000.00 |
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| Total Maintenance and
Repairs |
$62,800.00 |
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|
| MAINTENANCE SUPPLIES |
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| General
Maintenance
Supplies |
$25,000.00 |
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|
Pool |
$7,100.00 |
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| Landscaping |
$1,500.00 |
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| Lawn
Bowl |
$2,800.00 |
|
|
Woodshop |
$200.00 |
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| Total Maintenance
Supplies |
$36,600.00 |
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|
| INSURANCE |
|
| Commercial
Package, Excess Liability |
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| Crime,
Equipment, Directors &
Officers |
$48,725.00 |
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| Workers’
Compensation |
$22,706.00 |
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| Total Insurance |
$71,431.00 |
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| ACCOUNTING/LEGAL/TAXES |
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| Accounting
|
$4,000.00 |
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| Legal/Professional
Services |
$6,000.00 |
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| Corporation
State/Federal Income
Taxes |
$18,000.00 |
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| Total
Legal/Accounting/Taxes |
$28,000.00 |
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|
| ACTIVITIES |
|
| Library
(Books/Supplies/Subscriptions) |
$2,800.00 |
|
| Ceramics |
$700.00 |
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| Center
Sponsored
Activities |
$2,000.00 |
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| Total
Activities |
$5,500.00 |
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| OTHER EXPENSES |
|
$2,500.00 |
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| Miscellaneous |
|
$2,500.00 |
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| Total Other
Expenses |
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| TOTAL EXPENSES BEFORE RESERVE
TRANSFER |
$609,431.00 |
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| RESERVE
TRANSFER |
$72,225.00 |
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| TOTAL
EXPENSES AFTER RESERVE
TRANSFER |
$681,656.00 |
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