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MILLYARD CONDOMINIUMS
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YTD
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2018 Budget2019 BudgetJul-192020 Budget
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Income:
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Association Dues $ 158,600 $ 186,930 $ 108,914 $ 186,930
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Assessment $ 10,000 $ - $ 98
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Late Fee Income $ 140
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Miscellaneous Interest Income $ 250 $ 250 $ 513 $ 250
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Total Income $ 168,850 $ 187,180 $ 109,665 187,180
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Expenses:
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 Telephone $ 480 $ 1,000 $ 588 $ 1,000
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 Postage and Copies$800 $105 $ 400
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 Trash/Recycling $ 3,847 $ 4,200 $ 3,529 $ 5,332
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Meeting Rental Expenses (1 meeting) $ 225 $ 50 $ 75 $ 50
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 administrative fee $ - $ - $ 51
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 Electric $ 6,300 $ 6,500 $ 3,530 $ 6,200
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 Professional Fees $ 1,500 $ 3,000 $ - $ 1,200
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 Permits Includes storm water permit and others $ 1,500 $ - $ 660
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 Legal Fees $ 1,000 $ 2,000 $ - $ 2,000
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 Accounting Fees (income tax) $ - $ 65 $ 65
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 Web Site $ 350 $ 350 $ 160 $ 350
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 Water/Sewer $ 14,000 $ 16,000 $ 8,581 $ 14,710
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 Master Policy plus Directors and Officers $ 41,000 $ 16,000 $ 9,348 $ 18,300
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 Energy Audit N/A $ -
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 Master Policy Deductible $ 5,000 $ 5,000 $ - $ 5,000
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 Building Maintenance Contract $ 3,600 $ - $ -
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 Loan Repayment $ 38,000 $ 5,306 $ 39,000
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Loan origination fee $ 500 $ 500
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 Property Management Contract $ 18,480 $ 18,480 $ 10,780 $ 19,298
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Exterior Building Maintenance
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 Non Contractual Building Maintenance $ 1,668 $ 4,000 $ 2,332 $ 4,000
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 Plowing & Landscaping Contract $ 10,200 $ 11,000 $ 3,600 $ 12,200
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 Landscaping Extras (moat, trimming bushes, cutting off dead branches, etc.) $ 4,000 $ 3,000 $ 4,246 $ 2,800
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 Salt/Winter extras $ 4,500 $ 6,500 $ 9,920 $ 9,000
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 Exterior Lighting $ 300 $ 300 $ - $ 300
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 Storm Water Inspection / Op Fee $ 500 $ 500 $ 2,684 $ 500
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Interior Building Maintenance
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 Non Contractual Building Maintenance $ 1,668 $ 3,000 $ 2,524 $ 2,000
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 Cleaning Contract $ 3,000 $ 3,800 $ 2,100 $ 3,900
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 Carpet Cleaning $ 1,400 $ 750 $ 775
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 Dryer Vent Cleaning $ 2,500 $ 2,700 $ 5,500 $ 3,000
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 Alarm System Monitor/Inspection $ 1,000 $ 1,000 $ 118 $ 750
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 Fire Extinguisher Inspection $ 200 $ 200 $ 250
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 Septic Maintenance $ 7,000 $ 8,000 $ 5,098 $ 5,100
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 Sprinkler System $ 800 $ 800 $ 850
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 Lighting: Bulbs/Shade resurfacing $ - $ -
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 Lobby Heaters (new efficient ones) $ - $ -
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 Maintenance/Painting $ 1,000 $ - $ 2,990
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 Pest Elimination $ 450 $ 200
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Total Expenses $ 81,190 $ 162,180
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Assessment Expenses $ 10,000
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Addition To Reserve Fund $ 25,000 $ 25,000 $ 16,666 $ 25,000
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Total Expenses plus Reserve Contribution $ 168,850 $ 186,930 $ 97,856 187,180
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