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Note: Board of Directors approved the DRAFT 2022 Budget 10 DEC 2021 for implementation and dissemination to members.
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BEACHWALK II
2022 BUDGET
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2022 BUDGET WORKSHOP DRAFT
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As of 9 DEC 2021
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INCOME
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Member Assessments
$51,800.00
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Mowing Fees$3,900.00
We think the number of members being assessed for mowing fees is low. Ron is working this.
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Misc Income:
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Fines$0.00
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Gate Openers$175.00
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Gof Cart Program$240.00
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Interest$300.00
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Services
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Capital Maint Fund Assessment
$59,200.00
This figure represents an additional $300 to be assessed in 2022-2023 to fund roadwork above projected levels.
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Total Annual Assessment per lot is $1500 for 2022
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TOTAL INCOME
$115,615.00
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TRANSFER TO CAPITAL INVESTMENT / EMERGENY FUND
$59,200.00
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INCOME FOR CURRENT OPERATING EXPENSES
$56,415.00
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EXPENSE
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ADMINISTRATION
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Bank Service Fees
$75.00
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Insurance$7,000.00
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Legal Fees$1,000.00
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Taxes (Property and Other)
$85.00
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Office Expenses
$300.00
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Website (Hosting)
$420.00
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Council Expense
$300.00
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Welcome Committee
$120.00
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Admin Contracts Managed:
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Property Management
$4,200.00
Margie Myers Team
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TOTAL ADMIN EXPENSES$13,500.00
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OPERATIONS
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Pool Landscape
$0.00
Funding here transferred to Pool Bathhouse accounting line that was increased for pool area powerwashing / etc. Jack and Jill to address landscapte
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Road Maintenance/Drainage/Signage
$0.00
Nothing expensed in this line item last two years due to planned resurfacing. With the roads under major repair and resurface work, no expenses expeced here.
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Golf Cart Program
$200.00
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Water$2,600.00
With the pool work completed and palms no longer bing hand wattered, the $4000 water total was viewed as an anomoloy and budget levels felt appropriate.
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Electricity$2,500.00
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Boardwalk Maintenance
$1,500.00
Targeted at sand removal on beach side of boardwalk at dunes.
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Gate Operations / Maintenance
$800.00
As result of major repair/replace done in 2021, no major expense expected; lighting and other misc requirements funded at this level.
Capital funding for physical gate was delayed a year due to level of road expnse
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Grounds Maintenance Contract
$14,000.00
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Other Grounds Maintenance
$5,000.00
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Pond Maintenance
$2,000.00
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Pool Bath House Maintenance
$1,200.00
Plused up to support increased scope if possible.
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Pool Maintenance (Other..d)
$500.00
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Pool Maintenance Contract
$5,000.00
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Security$1,000.00
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Operating Reserve
$6,615.00**
Unprogrammed funds to address unknown or additional expenses (within approved operationing budget levels)
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Provides flexibility in funding unanticipated requirements in areas perhaps not fully funded.
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TOTAL OPERATIONS EXPENSES
$42,915.00
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TOTAL EXPENSES$56,415.00
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