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SIERRA BLUFFS HOA 2023 BUDGET
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OPERATING BUDGET Approved 2023January 18, 2023Approved 2022
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Account
2023 BudgetPropose 20232022 Budget
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INCOME:
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1010Collected Association Dues (31 Lots)$24,800.00$24,800.00$24,800.00
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1020Bank Interest$5.00$5.00$5.00
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1025Other - State Farm Fire Contribution$0.00$0.00$0.00
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Total Income:$24,805.00$24,805.00$24,805.00
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EXPENSES:
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Insurance and Fees
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2110Licenses and Fees -$0.00$0.00$0.00
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1299General Liability --$1,958.54-$1,958.54-$1,865.27
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2130Directors and Officers Liability--$1,406.46-$1,406.46-$1,339.48
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2140Taxes - $0.00$0.00$0.00
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Total Insurance & Fees Expenses:-$3,364.99-$3,364.99-$3,204.75
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Common Area Expenses
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2210Common Area Maintenance (2023 Signs expense)-$278.49-$4,465.23-$4,465.23
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2220Snow Removal --$6,353.81-$6,353.81-$6,051.25
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2230Road Maintenance (Road Nuetrality calc expense)$0.00-$5,000.00$0.00
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2240Fire Suppression - -$2,000.00-$2,000.00-$880.00
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Total Common Area Expenses:-$8,632.30-$17,819.04-$11,396.48
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Professional Services/Office Expenses
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2310Legal-$278.49-$278.49-$265.23
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2320CPA - -$355.14-$355.14-$344.79
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2330Bookkeeping --$618.00-$618.00-$600.00
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2340Office Expense-$245.86-$245.86-$238.70
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2350Information Technology/Data Storage --$170.47-$225.00-$165.50
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Total Professional Services :-$1,667.95-$1,722.49-$1,614.22
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TOTAL EXPENSES:-$13,665.24-$22,906.52-$16,215.45
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TOTAL INCOME:$24,805.00$24,805.00$24,805.00
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PROFIT/LOSS$11,139.76$1,898.48$8,589.55
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3000
Reserve Fund 2022 Contribution: (estimate 2022 year end)
$12,600.00$1,898.48$8,589.55
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3000
Reserve Fund Balance includes previous savings (Estimate)
$26,529.35$15,827.83$22,518.90
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12/31/2022 Sierra Bluffs Year End Bank balance
$28,902.31
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Reserve Funds Target ($67,500)
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Common Area Maintenance ($2,500)
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Snow Removal ($2,500)
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Road Maintenance ($50,000)
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Fire Suppression ($7,500)
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Legal ($5,000)
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HOA Dues
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2020-2021 = $675
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2021-2023 = $800
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2024 = $1,000
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NotesType II: 2024 ($40,481) and 2029 ($46,929)
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Asphalt Overlay: 2034 ($382,328)
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