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Orchard Down Homeowners Association
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Budget Planning
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Actual ResultsActual BudgetProposed budgets (with Reserve Study plans)
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Jan - Sept 20222022202320242025
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Income
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Income
annual assessment goes up to (10% increase for each of three years): 165.00 181.50 199.65 250.00
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4000 · Assessments
15,902.00 17,325.00 19,057.50 20,963.25 26,250.00
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4200 · City of Corvallis Grant
0.00 - - - -
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4300 · Court Settlement
0.00 - - - -
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4400 · Interest Income
7.49 30.00 30.00 30.00 30.00
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4500 · Late Fees87.63 30.00 50.00 30.00 30.00
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4600 · Transfer Fees
Roll over transfer fee on owner? Do they go to WCM or ODHA?300.00 - - - -
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Income - Other0.00 - 500.00 - -
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Total Income
16,297.12 17,385.00 19,637.50 21,023.25 26,310.00
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Total Income
16,297.12 17,385.00 19,637.50 21,023.25 26,310.00
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Cost of Goods Sold
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50000 · Cost of Goods Sold
0.00 - - - -
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Total COGS
0.00 - - - -
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Gross Profit
16,297.12 17,385.00 19,637.50 21,023.25 26,310.00
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Expense
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Expense
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5020 · Professional Management Service
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5010 · Printing and Postage569.25 100.00 400.00 400.00 400.00
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5021 · Consulting (currently $60/hr, starting Jan $3,000/year)2,003.00 3,000.00 3,000.00 3,000.00 3,000.00
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5060 · Bookkeeping450.00 420.00 420.00 420.00 420.00
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5061 · Bookkeeping - Collection Fees10.00 - - - -
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5062 · Bookkeeping - Delinquent Stmts0.00 50.00 50.00 50.00 50.00
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5063 · Tax Preparation0.00 60.00 - 60.00 60.00
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5064 · Transfer Fees120.00 - - - -
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5020 · Professional Management Service - Other0.00 - - - -
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Total 5020 · Professional Management Service
3,152.25 3,630.00 3,870.00 3,930.00 3,930.00
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5040 · PO Box Renewal
no longer necessary, now same as WCM in Albany 0.00 - - - -
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5041 · Annual Meeting Rm Rental
0.00 45.00 - 45.00 45.00
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5070 · Corporation Reg Annual Fee
50.00 50.00 50.00 50.00 50.00
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5080 · Insurance - Liability
1,619.00 1,650.00 1,650.00 1,650.00 1,650.00
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5085 · Insurance - Fidelity Bond
0.00 300.00 - 300.00 300.00
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5090 · Legal Fees2,100.00 - 500.00 - -
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5095 · Surveying0.00 - - - -
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5097 · Website80.55 72.00 72.00 72.00 72.00
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5100 · Landscape Maintenance
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5105 · Landscape Contract (current $600, bid for $900)5,999.97 9,000.00 9,000.00 9,000.00 9,000.00
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Total 5100 · Landscape Maintenance
5,999.97 9,000.00 9,000.00 9,000.00 9,000.00
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5190 · Irrigation Startup/Shutdown
0.00 - - - -
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5195 · Irrigation Water
0.00 - 500.00 - -
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5200 · Landscape Projects
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5220 · Fertilizing (we should discontinue budeting for this - goes into 5200)0.00 - - - -
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5230 · Shrub Maintenance0.00 200.00 - 1,000.00 1,000.00
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5240 · Tree Maintenance2,180.00 971.00 3,000.00 4,000.00 5,000.00
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5250 · Invasive Weed Control (we should discontinue budeting for this - 5200)0.00 - - - -
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5270 · Debris Removal (we should discontinue budeting for this - goes into 5200)0.00 - - - -
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5285 · New Replacement Plantings0.00 - - - -
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5200 · Landscape Projects - Other (everything that not contract, shrub, or tree maintenance)0.00
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Total 5200 · Landscape Projects
2,180.00 1,171.00 3,000.00 5,000.00 6,000.00
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5280 · Emergency/Contingency
0.00 - - - -
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5300 · Reserve Allocation
0.00 2,367.00 2,367.00 2,367.00 2,367.00
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Expense - Other0.00
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Total Expense
 15,181.77 18,285.00 21,009.00 22,414.00 23,414.00
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Total Expense
15,181.77
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Net Income
1,115.35 (900.00) (1,371.50) (1,390.75) 2,896.00
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