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Chimney Hill E S T A T E S2024 CASH FLOW STATEMENTMonth #12
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JanFebMarAprMayJunJulAugSepOctNovDec2022 Total Cost Per Unit Per Mo.Budget Estimate
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I. MONTHLY CONDO FEES
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Total Condo Fees Due -$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$14,300.00$171,600.00
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Less Previously Paid =$1,300.00$3,900.00$3,250.00$3,575.00$3,575.00$3,900.00$2,275.00$4,550.00$4,225.00$2,925.00$3,900.00$3,700.00
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Condo Fees Due $13,000.00$10,400.00$11,050.00$10,725.00$10,725.00$10,400.00$12,025.00$9,750.00$10,075.00$11,375.00$10,400.00$10,600.00$171,600.00
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II. INCOME
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Monthly Condo Fees Due & Paid + $13,000.00$10,400.00$11,050.00$10,725.00$10,725.00$10,400.00$12,025.00$9,750.00$10,075.00$11,375.00$10,400.00$10,600.00
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Monthly Fees Paid In Adv This Month +
$16,700.00$1,625.00$1,300.00$2,600.00$4,550.00$6,175.00$325.00$2,600.00$325.00$10,220.00
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Other Income +$2,575.00$75.00$10.58
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Transfers Fr Pre-Pay Or Other Accts =
$1,300.00$3,900.00$3,250.00$3,575.00$3,575.00$3,900.00$2,275.00$4,550.00$4,225.00$2,925.00$9,900.00$8,700.00
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Monthly Deposits (Per Bank Stmt) +
$33,575.00$14,300.00$15,925.00$15,600.00$16,900.00$18,850.00$20,475.00$14,300.00$14,625.00$16,900.00$20,700.00$29,530.58
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C/O From Previous Month Checking -
$14,578.55$7,416.18$9,680.49$21,737.34$21,951.98$17,814.35$8,950.81$10,842.29$14,018.76$8,594.11$2,951.53$6,157.66
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Transfer To Pre-Pay Or Other Accts =$19,200.00$1,625.00$1,300.00$2,600.00$4,550.00$6,175.00$325.00$2,600.00$325.00$10,220.00
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Transfer To High Int Savings Acct$10,000.00
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Total Income $28,953.55$21,716.18$23,980.49$36,037.34$26,251.98$32,114.35$23,250.81$25,142.29$28,318.76$22,894.11$23,326.53$25,468.24
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III. PAID EXPENSES
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Contract Services
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Lawncare Maintenance (Cameron)$6,447.47$6,447.47$6,447.47$6,713.35$6,447.47$6,447.47$6,447.47$5,450.44$50,848.61$96.30$53,500.00
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Snow Removal & Sand/Salt (Cameron)
$14,219.01$9,913.08rer$11,964.38$36,096.47$68.36$36,000.00
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Fertilization, Etc. (TruGreen)$2,205.04$3,617.05$1,763.26$5,137.34$1,836.76$14,559.45$27.57$10,100.00
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Irrigation System Maint(Anderson)$2,220.06$904.77$2,220.06$47.86$5,392.75$10.21$5,000.00
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Tree Removal/Replacement $1,276.20$6,050.25$2,499.23$2,020.65$11,846.33$22.44$7,000.00
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Trash Removal (Waste Material)$2,496.00$3,828.00$3,828.00$3,828.00$13,980.00$26.48$13,500.00
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Total Contract Services$17,991.21$9,913.08$0.00$12,480.51$6,447.47$18,334.83$10,541.35$9,851.47$8,210.73$17,433.46$9,507.26$12,012.24$132,723.61$251.37$125,100.00
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% of Total Expenses72.42%72.90%
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Other Maintenance
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Sidewalk/Asphalt/Lights, Etc.$1,914.30$1,914.30$3.63$2,500.00
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Misc Grounds Maintneance$465.82$25.97$674.18$451.75$1,463.65$3,081.37$5.84$3,850.00
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Landscape Services$157.50$45.00$495.00$135.00$180.00$180.00$69.62$665.00$1,927.12$3.65$3,000.00
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Seasonal Planting Projects$444.36$225.00$654.66$270.00$764.16$87.55$24.98$2,470.71$4.68$3,000.00
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Total Other Maintenance$0.00$0.00$0.00$601.86$270.00$1,120.48$765.00$160.97$854.18$1,395.91$2,071.47$2,153.63$9,393.50$17.79$12,350.00
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% of Total Expenses5.13%7.20%
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Utilities
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Electricity (Eversource)$146.16$169.27$165.76$102.99$99.47$128.09$188.57$211.09$200.70$213.21$216.14$179.29$2,020.74$3.83$1,360.00
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Water (Connecticut Water)$334.39$2,521.15$9,509.04$5,650.98$18,015.56$34.12$15,000.00
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Total Utilities$146.16$169.27$500.15$102.99$99.47$2,649.24$188.57$211.09$9,709.74$213.21$216.14$5,830.27$20,036.30$37.95$16,360.00
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% of Total Expenses10.93%9.53%
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Insurance
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Liability/Property (Philadelphia Ins)$4,374.00$4,374.00$8.28$4,600.00
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D&O (Arc Excess)$843.00$843.00$1.60$840.00
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Total Insurance$0.00$0.00$843.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$4,374.00$0.00$5,217.00$9.88$5,440.00
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% of Total Expenses2.85%3.17%
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Administrative
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Audit /Tax return$1,053.34$1,053.34$1.99$0.00
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State Filing$50.00$50.00$0.09$50.00
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General Office, Meetings$2,500.00$720.69$158.99$13.60$100.00$498.47$3,991.75$7.56$1,500.00
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Total Administrative$2,500.00$1,053.34$0.00$0.00$720.69$158.99$13.60$0.00$50.00$0.00$100.00$498.47$5,095.09$9.65$1,550.00
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% of Total Expenses2.78%0.90%
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Reserves
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Cap Reserve Monthly Contribution$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$10,800.00$20.45$10,800.00
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Cap Reserve Additional Contribution$0.00$0.00
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Operating Reserve Contribution$0.00$0.00
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Total Cap Reserve$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$10,800.00$20.45$10,800.00
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% Of Total Expenses5.89%6.29%
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TOTAL EXPENSES$21,537.37$12,035.69$2,243.15$14,085.36$8,437.63$23,163.54$12,408.52$11,123.53$19,724.65$19,942.58$17,168.87$21,394.61$183,265.50$342.36$171,600.00
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Total Inc Less Total Exp =
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Checking Account Balance$7,416.18$9,680.49$21,737.34$21,951.98$17,814.35$8,950.81$10,842.29$14,018.76$8,594.11$2,951.53$6,157.66$4,073.63
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IV. CAPITAL RESERVE ACCOUNT/CDs
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Account Balance +$3,157.17$4,057.25$4,957.32$5,857.42$6,757.53$7,657.66$8,557.79$4,457.94$5,358.03$6,258.13$7,158.25$8,058.38
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Broker-Assisted CDs = $90,000.00$90,000.00$95,000.00$95,000.00$95,000.00$100,000.00$100,000.00$100,000.00$105,000.00$105,000.00$105,000.00$110,000.00
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Start Of Month Balance +$93,157.17$94,057.25$99,957.32$100,857.42$101,757.53$107,657.66$108,557.79$104,457.94$110,358.03$111,258.13$112,158.25$118,058.38
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Budgeted Contribution +$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00$900.00
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Additional Contribution -
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To Other Accts +$5,000.00
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Interest =$0.08$0.07$0.10$0.11$0.13$0.13$0.15$0.09$0.10$0.12$0.13$0.16
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End Of Month Balance$94,057.25$94,957.32$100,857.42$101,757.53$102,657.66$108,557.79$104,457.94$105,358.03$111,258.13$112,158.25$113,058.38$118,958.54
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V. OPERATING RESERVE ACCT/CD
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Start Of Month Balance +$2,211.54$2,211.58$2,211.61$2,211.65$2,211.68$2,211.72$2,211.76$2,211.80$2,211.83$2,211.87$2,211.91$2,211.94
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Broker-Assisted CD =$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00
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Start Of Month Balance +$14,211.54$14,211.58$14,211.61$14,211.65$14,211.68$14,211.72$14,211.76$14,211.80$14,211.83$14,211.87$14,211.91$14,211.94
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Contribution -
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To Checking Acct +
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Interest =$0.04$0.03$0.04$0.03$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.04
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End Of Month Balance$14,211.58$14,211.61$14,211.65$14,211.68$14,211.72$14,211.76$14,211.80$14,211.83$14,211.87$14,211.91$14,211.94$14,211.98
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VI. PRE-PAY ACCOUNT
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Start Of Month Balance +$4,649.38$10,049.63$6,149.75$4,524.84$2,249.92$4,774.98$5,425.11$6,825.26$2,275.35$1,375.38$1,050.43$1,475.45
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From Checking Or From Other Acct -
$16,700.00$0.00$1,625.00$1,300.00$6,100.00$4,550.00$6,175.00$3,325.00$2,600.00$4,325.00$10,220.00
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To Checking Or To Other Acct +$11,300.00$3,900.00$3,250.00$3,575.00$3,575.00$3,900.00$4,775.00$4,550.00$4,225.00$2,925.00$3,900.00$3,700.00
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Interest =$0.25$0.12$0.09$0.08$0.06$0.13$0.15$0.09$0.03$0.05$0.02$0.08
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End Of Month Balance$10,049.63$6,149.75$4,524.84$2,249.92$4,774.98$5,425.11$6,825.26$2,275.35$1,375.38$1,050.43$1,475.45$7,995.53
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VII. High Int. Savings Account
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Start Of Month Balance +$83,799.85$96,612.85$97,425.25$93,809.32$94,156.91$101,032.68$97,451.54$105,148.15$105,498.78$99,167.09$99,489.82$90,019.28
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From Other Accts -$12,500.00$0.00$10,000.00$7,500.00
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To Other Accounts +$5,000.00$3,500.00$5,000.00$8,000.00$10,000.00$10,000.00
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Interest =$313.00$812.40$1,384.07$347.59$375.77$1,418.86$196.61$350.63$1,668.31$322.73$529.46$1,317.57
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End Of Month Balance$96,612.85$97,425.25$93,809.32$94,156.91$101,032.68$97,451.54$105,148.15$105,498.78$99,167.09$99,489.82$90,019.28$81,336.85