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Please Note: The Board Reserves the Right to Adjust the Budget as Necessary
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20262025202420232022
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Beginning Balance$16,824.82$12,548.91$12,487.35$5,183.87$7,807.62
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Revenue
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Interest (Interest On Dues Received Late) $ - $ 132.68 $ 142.81 $ 389.67 $ 205.66 Interest is on delinquent assessments. We cannot predict payments will be made.
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Current Year Assessment Assessment/Projected Assessment $ 51,500.00 $ 30,000.00 $ 25,750.00 $ 24,476.92 $ 16,350.00 Proposed $500/Home. See the Annual Executive Report for explanation.
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Previous Years' Assessment $ - $ 1,750.00 $ 976.88 $ 2,250.00 NA
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Villas Dues $ 7,831.00 $ - $ 2,000.00 $ 2,000.00 $ 2,000.00 This is if the Villa's Due increase passes at the Annual Meeting. Both the Villas and our Subdivision vote on shared responsibility. They did not pay in 2025 and will likely refuse to pay in 2026.
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Transfer Fee ($75/Home when transferred to new owner) (cannot predict how many homes will be sold) $ - $ 560.00 $ 560.00 $ 560.00 $ 420.00 Cannot rely on Home Sales (Transfer fee is a fee for transferring of ownership)
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Non HOA Homes Assessment Paid $ - $ 300.00 $ 250.00 $ 225.00 NA Voluntary homes have the right to opt out of paying at any time and we cannot rely on payment.
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Recording & Releasing (Paid when liens are paid) (cannot predict how many liens will be paid off) $ - $ - $ 198.00 $ 66.00 NA Cannot rely on liens paid off plus they are expensed.
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Unpaid Assessments $ 5,500.00 $ 10,650.00 $ 2,750.00 $ 1,043.08 NA This is delinquents that are uncollected
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Net Revenue$64,831.00$43,392.68$32,627.69$31,010.67$18,975.66
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Expenses
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Annual Delinquents$5,500.00$10,650.00$2,750.00$1,043.08NAThis is the amount of delinquents that did not pay in the year. We are projecting the 10 homeowners (Not including Villas) will not pay during the year unless legal action is taken.
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Management $10,200.00$4,239.30$3,556.10$3,653.83$2,152.26This year we are looking to go full management. Please see budget presentation and Annual Executive Report for explanation.
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Board Errors and Omission Insurance$724.10$557.00$569.00$586.00$586.0030% increase over last year
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 CPA (Tax Filing)$300.00$300.00$275.00$250.00$200.00Maintain 2025 Expense
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Copy & Office Supplies (Envelopes, paper, Ink for HOA not Management)$7.71$4.40$59.89$150.21Envelopes, paper etc. for notices and flyer
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Real Estate Tax$4.00$3.36$3.28$3.30Took 2025's expense + 20%
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Website$26.60$44.38$22.17$29.94Took 2025's expense/2 + 20%
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Legal$3,500.00$1,786.75$2,875.00$500.00Estimated $3,500 to handle delinquents
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MO Taxes$10.00$0.00$10.00Took projected tax rate on interest
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Federal Taxes$2.00$0.00$87.00$32.00Took projected tax rate on interest
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HOA Postage (Meeting, Etc.)$177.84$62.73$81.99$274.94HOA # of Lots x Postage Estimate x Two Times a Year
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State Business Registration (Recording Expense)$12.00$10.45$10.45Took 2025's expense + 15%
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Recording and Releasing Fee (For 9 Possible Liens) $1,125.00$0.00$99.00Estimated amount of liens for next year
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Recording - Assessment$40.00$33.00$33.00Took 2025's expense + 20% and rounded up to the nearest dollar
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Shared Expenses
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Liability & Property Insurance$3,211.00$2,470.00$2,436.00$2,014.00$2,103.0030% increase over last year due to insurance being inconsistent
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Grass Cutting$11,000.00$8,400.00$10,595.00$7,770.00$9,100.00Took the highest amount between 2022 - 2025 and added in about an extra mow
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Mulching Near Lake$0.00$0.00$1,000.00Not needed with mowing maintaining
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Lake Management Services $9,450.00$9,000.00$8,831.00$6,111.00$6,746.00Took 2025 amount and gave us a 5% buffer
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Signs$745.62$54.16Not estimated for this year.
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Meeting Expense $200.00$108.00$50.00Used for meeting expenses including but not limited to meeting supplies and room.
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Lake Grate Repairs$0.00Were unable to complete in 2024 due to Villas not paying their shared assessment
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Dredging$800.00Partial Dredging (Exact estimate if combined with Dam repairs) See Budget Presentation and Executive Report for explanation.
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Dam Repair$1,602.00(Exact estimate if combined with Dredging repairs) See Budget Presentation and Executive Report for Explanation.
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Tree Mitigation & Removal$2,400.00$350.00$0.00See Budget Presentation and Executive Report for Explanation
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Electronic Voting$99.00Exact cost of systems
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Management Mailings $312.00$128.36$104.13$258.00$27.00Mailings for Assessments (if we split assessments into two payments if increases passes)
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Villas Only Expenses Pulled from Shared Expenses
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Villas Passes (2026 We will purchase their passes separately and will not purchase until they pay)$98.00$40.18Passes for the Villas. We will not purchase until we receive their assessment in 2026.
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Villas Portion of fee for collection on assessment (13% of Assessment Management Bills for Collections)NA Did Not Pay$260.00$260.00$260.00Cost 13% from C&V and collecting the Villas Assessment. None in 2026. We expect to go with another management.
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Villas Annual Meeting Notices$40.63$31.53Cost of mailings to invite the Villas to the Annual Meeting.
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Additional Expenses to be considered in 2025-2026
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Lake/Common Ground Passes (For Members of Spring Lakes Subdivision)$139.14$111.71Estimate provided for this years passes directly from the organization's website
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Petty Cash$40.00$40.00We keep this on hand for postage for violations and extra expenses. Last year majority was used for certified mail and cement for signs.
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Tablets$500.00This will be used for both elections and Board to use so all documents stay with the device.
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Operating Contingency Line/Unexpected Expenses$5,478.98In the event some extra items come up. We cannot predict everything. See Budget Presentation & Executive Report for full explanation.
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Reserves$7,831.00This is required and needs to happen soon. Please see Executive Report and Executive Report for explanation.
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Total Expenses (Without Delinquents)$59,331.00$28,466.77$29,816.13$22,664.11$21,599.41
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Total Expenses Including Delinquents$64,831.00$39,116.77$32,566.13$23,707.19NASubtracting the unpaid assessment
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Net Income $0.00$4,275.91$61.56$7,303.48($2,623.75)Should maintain a healthy safety net for any unforeseen major issues. The HOA can only raise an additional $100 assessment without a vote. However, they can take on debt. Taking on debt is not recommended and will be more expensive in the long run. Safety net should be larger than what is projected.
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Ending Balance
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