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Rolling Budget Plan
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Maplewood Estates HOA
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Annual Assessment per Unit/House (due January 1st)$425$425$450$4502017 $300 -> $350, 2020 $350 -> $400, 2026 $400 -> $425
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2026202720282029
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Income
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Dues income$92,650$92,650$98,100$98,100
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5 board members + monument house($2,550)($2,550)($2,700)($2,700)
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City of Renton Community Grant$2,500$2,500$2,500$2,500Offsets Picnic costs. May not be available every year from City of Renton.
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CD Interest Income$3,200$3,300$3,300$3,500
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Anticipated Income$95,800$95,900$101,200$101,400
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Expenses
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Maintenance
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Landscaping + Maintenance$33,500$34,000$34,500$35,000Park mowing, entrance & boulevard maintenance
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Fence repairs and maintenance$0$0$17,000$0
Posts replaced as needed, cross beams stored locally, replace sections every 2-3 years
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Playground + Common Area Bark$0$17,000$0$18,000Done every other year
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Arborist (review and removal)$0$0$5,000$0Performed in 2017 and late 2023.
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Basketball court clean & paint$0$350$0$350Power wash and restripe the basketball court
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Park Renovation (regrade lawn/remove sinkholes, french drain on south border, stairways up hills from street/slope)$65,000$0$0$0Regrade performed 2017. Signs replaced 2025.
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Trail Maintenance$1,000$0$1,000$0Arborist report IDs north trail with exposed roots.
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Sidewalk heave$0$5,000$0$5,000Assume $1k/repair, 5 repairs every other year.
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Replant entrance garden$0$0$0$0Maybe not in the next 5 years
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Mailbox Replacement$0$4,500$0$01 16 slot CBUs purchased in 2025 in stock, 2 CBUs on Quincy are priority.
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Bylaws Update & Legal Review$0$0$0$0
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Miscellaneous$5,000$5,000$5,000$5,000
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Total Maintenance$104,500$65,850$62,500$63,350
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Insurance$4,500$4,550$4,600$4,650
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Community Picnic (August)$3,000$3,100$3,100$3,200
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Easter Egg Hunt$350$350$350$375
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Operational
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Accounting/tax prep$3,200$3,200$3,300$3,300Includes QuickBooks Online subscription
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Financial Audit (CPA)$3,000$3,000$3,000$3,000
Budgeted in case homeowners don't approve skipping (2026-2027, 2028 and beyond will always have audits)
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Reserve Study (every 3rd year)$0$10,000$00New WAQUIAW requirement, must be done by a pro every 3rd year
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Corp fee$25$25$25$25
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Backflow testing$150$150$150$150
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Legal$1,000$1,000$1,000$1,000
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Lien service$500$500$500$500
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Office supplies/Print + Copy$200$180$160$140Moving towards electronic notifications
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Postage$150$125$125$110Moving towards electronic notifications
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PO Box Expense$268$280$300$300
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Bank Service Charge$25$25$25$25
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Income Tax$1,500$1,500$1,500$1,500
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Website$325$325$325$325
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Property taxes$75$75$75$75
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Total Operational$10,418$20,385$10,485$10,450
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Utilities:electric$300$300$300$300Park gazebo. May be able to shut down one meter
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Utilities:water$9,000$9,000$9,200$9,300Park, entrance and median
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Total Utilities$9,300$9,300$9,500$9,600
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Anticipated Expenses$132,068$103,535$90,535$91,625
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Surplus / (Shortage) per year($36,268)($7,635)$10,665 $9,775
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Anticipated End of Year Balance$164,795$157,160$167,825$177,600
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Amount Dedicated to Reserve Account$TBD$TBD$TBD$TBD
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Surplus/Deficit in Reserve Funding$TBD$TBD$TBD$TBD
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