2025 Budget, subject to change based on 2024 final numbers
Unaudited, Draft Version
| INCOME | 2024 Actual* | 2025 Budget |
| Single Home Dues | $1,302,988 | $1,378,430 |
| Fence Dues | $89,800 | $98,780 |
| Townhome Dues | $46,647 | $47,000 |
| Associate Memberships Dues | $6,570 | $6,500 |
| Late Fees | $1,334 | $1,500 |
| Advertising Revenue | $31,234 | $27,000 |
| Pool Revenue | $15,560 | $1,000 |
| Transfer Fees | $21,000 | $15,000 |
| Association Fines | $1,601 | $0 |
| Other Income | $3,683 | $1,000 |
| TOTAL INCOME | $1,520,417 | $1,576,210 |
| EXPENSES: Administrative | 2024 Actual* | 2025 Budget |
| Salary Expense | $105,894 | $85,000 |
| Salary Expense – Newsletter Delivery | $3,098 | $3,120 |
| Architectural Control Salary Expense | $16,830 | $47,150 |
| Fed and ST Unemployment Taxes | $0 | $500 |
| FICA/ Medicare Tax – Employer | $16,324 | $17,800 |
| Worker’s Compensation | $2,459 | $2,200 |
| General Insurance | $48,907 | $63,000 |
| Legal Expenses | $9,218 | $8,000 |
| Audit Expenses | $3,775 | $4,000 |
| Professional Fees | $30,068 | $18,000 |
| Software Subscriptions | $13,086 | $13,500 |
| Printing and Postage Expenses | $6,922 | $6,645 |
| Maintenance Expenses | $9,636 | $12,000 |
| Snow Removal Expenses – Office | $2,247 | $2,000 |
| Office Supplies | $4,157 | $1,400 |
| Mileage Reimbursements | $415 | $500 |
| Bad Debt Expense | $425 | $120 |
| Membership Fees | $495 | $300 |
| Newsletter – Printing | $14,575 | $16,111 |
| Newsletter – Bags | $427 | $430 |
| Meeting Expenses | $429 | $700 |
| Social Committee Expenses | $2,769 | $5,575 |
| Bank Service Charges | $138 | $50 |
| Contributions | $4,014 | $4,000 |
| Miscellaneous Expenses | $214 | $300 |
| Total Administrative | $252,911 | $312,401 |
| EXPENSES: Land Maintenance | 2024 Actual* | 2025 Budget |
| Salary Expense-Landscape Maintenance | $57,480 | $59,520 |
| Maintenance Contract | $56,243 | $65,000 |
| Snow Removal Expenses – HOA | $16,405 | $12,500 |
| R/M – Walkways | $10,078 | $12,000 |
| R/M – Trees & Pruning | $38,495 | $40,000 |
| Non-Contract Pruning & Spraying | $2,190 | $2,300 |
| R/M – Sod, RR Ties, Benches | $4,613 | $3,000 |
| Sprinkler Maintenance Contract | $13,122 | $20,000 |
| R/M Sprinkler | $40,611 | $35,000 |
| Tree Replacement Expense | $8,285 | $9,900 |
| Flower Bed Maintenance | $431 | $2,000 |
| Special Projects & Repairs | $779 | $1,000 |
| Landscape Miscellaneous | $2,838 | $2,500 |
| Total Land Maintenance | $251,564 | $264,970 |
| EXPENSES: Pool | 2024 Actual* | 2025 Budget |
| Pool Management Contract | $186,015 | $204,000 |
| Pool Supplies – Janitorial | $2,592 | $3,000 |
| Pool Supplies – Chemical | $38,134 | $29,000 |
| Pool Supplies – Office | $2,524 | $3,000 |
| R/M – Pools | $12,317 | $5,000 |
| R/M – Pool Buildings | $2,705 | $4,000 |
| R/M – Pool Equipment | $15,068 | $12,000 |
| Telephone | $2,481 | $1,200 |
| Pool Opening/Closing | $4,891 | $5,000 |
| Bathrooms Expenses | $1,782 | $2,000 |
| Special Events | $1,132 | $200 |
| Miscellaneous – Pool – rental | $2,920 | $1,500 |
| Total Pool Expenses | $272,559 | $269,900 |
| EXPENSES: Tennis | 2024 Actual* | 2025 Budget |
| Salary – Tennis Manager | $11,820 | $8,359 |
| Tennis Supplies / Maintenance | $2,526 | $3,000 |
| Repairs Expenses | $224 | $1,500 |
| Keys/Locks | $686 | $500 |
| Tennis Program Funding | $850 | $1,200 |
| Miscellaneous Tennis | $1,000 | $0 |
| Total Tennis Expenses | $17,106 | $18,359 |
| EXPENSES: Utilities | 2024 Actual* | 2025 Budget |
| Water | $154,058 | $130,000 |
| Sewer | $2,298 | $12,000 |
| Gas | $11,116 | $15,000 |
| Electric | $12,720 | $13,500 |
| Phone Office | $2,080 | $2,000 |
| Trash Removal | $124475 | $188,000 |
| Total Utilities | $306,747 | $360,500 |
| EXPENSES: All Totals | 2024 Actual* | 2025 Budget |
| $1,140,206 | $1,226,130 |
Total Income, Expenditures and Reserves
| 2024 Actual* | 2025 Budget |
| Net Operating Revenue Surplus | $380,211 | $350,080 |
| Interest Income | $30,511 | $15,000 |
| Insurance Claims Proceeds | $0 | $0 |
| Net Operating Surplus (before reserve contributions) | $410,721 | $365,080 |
| Reserve Fund Contribution General | $320,921 | $266,300 |
| Reserve Fund Contribution Fence | $89,800 | $98,780 |
Notes:*As of December 31, 2024
R/M = Routine Maintenance
See Recent Completed Audits of HOA Budgets:
