Oak Meadows HOA Proposed Budget
January 2024 to December 2024
Description | Expected Expenditures 2023 Budgeted 2024 Budgeted | Credit | Actual 2023 Expenditures | Actual 2023 Income | Notes: |
Balance forward from dues and fees | 51,119.65 - dues 2,175 - fines 625.89 - admin fee income 603.07 - late fee income 16,320.00 - prepaid dues | Appleton (12.31.23) | |||
Transfer from savings due to shortage | 8,500.00 | ||||
Expected Dues | 2024 59,670.00 |
| |||
Reserve US Bank account balance | 39,782.75 | ||||
Description: | 2023 Budgeted 2024 Budgeted | Expenditure 2023: | |||
Board/AC Website 5212 & 5346 | 350.00 350.00 | 315.16 | |||
Landscape Extras 5225 | 6,000.00 6,000.00 | 15,345.29 | 5k increase | ||
Common Area Improvements / Maintenance 5211 | 3,000.00 5,000.00 | 10,041.00 | 8K increase | ||
Common Area Improvements / Supplies 5219 | 0.00 10.00 | 7.99 | |||
Barkdust 5222 | 4,000.00 4,000.00 | 4,250.00 | |||
Cascade Backflow 5226 | 135.00 150.00 | 135.00 | |||
Landscape – Monthly 5223 | 10,000 10,500 | 9,900.00 | |||
Description | Expected Expenditures 2023 Budgeted 2024 Budgeted | Actual 2022 Expenditures | Notes: | ||
Appleton – Monthly 5100 | 8,784.00 11,820.00 | 11,424.00 | 3K increase 985.00/mo | ||
Appleton – Monthly Supplies 5104 | 2,800.00 3,000.00 | 2,976.29 | |||
Insurance 5415 | 1,100.00 1,000.00 | 987.00
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Professional Services 5113 | 500.00 500.00 | 624.50 | |||
State License Fees 5410 | 50.00 100.00 | 100.00 | |||
PGE 5011 | 600.00 600.00 | 506.24 | |||
Irrigation Repairs 5227 | 5,000.00 2,500.00 | 1,709.97 | |||
Bank Charges | 0 | 0 | |||
Reserve Account Transfer | 10,000.00 0 | 15,000.00 | |||
Water 5010 | 10,000.00 14,000.00 | 13,120.29 | 5K increase of 22 | ||
Board Expenses 5212 | 50.00 50.00 | 0 | |||
Projected spending 2024: 59,550.00 * | Actual Spending 71,442.73 |
*We will use reserve funds to pay for irrigation repairs as a major capital expense if we exceed our budget. Due are always subject to increase.