| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
1 | Income | 2025 Budget | 2025 YE Estimates | Variance as of October 1st | 2026 Budget | 2026 FY Notes | 2025 Year End Notes |
2 | Owner Dues $45/Month (163 Homes) | $ 88,020.00 | $ 88,020.00 | $ 88,020.00 | |||
3 | Working Capital ($ from homes sold) | $ 1,500.00 | $ 1,000.00 | Reducing this due to expected decrease in number of homes sold | |||
4 | Interest Income | $ 85.00 | $ 1,323.00 | $ 200.00 | |||
5 | Late fees | $ 250.00 | $ 345.00 | $ 90.00 | $ 250.00 | ||
6 | |||||||
7 | TOTAL | $ 89,855.00 | $ 89,688.00 | $ 89,470.00 | |||
8 | |||||||
9 | Expenses | ||||||
10 | Electric | $ 1,550.00 | $ 1,637.00 | $ (87.00) | $ 1,670.00 | $139/month | Budget was set using $129/month and Duke increased it to $137.85 |
11 | Water | $ 900.00 | $ 990.00 | $ (90.00) | $ 1,000.00 | $83.30/month for Storm water fee | Budget was set using $75/month and City of Durham increased it to $82.60 |
12 | Landscaping Contract | $ 46,847.50 | $ 46,847.50 | $ - | $ 31,000.00 | Renewed contract with Murray's Landscaping | |
13 | Landscaping Extra | $ 17,050.00 | $ 17,364.00 | $ (314.00) | $ 18,500.00 | Overage was due to the cost of Wasteria treatment and tree removal | |
14 | General Landscaping Maintenance | $ 4,500.00 | $ 5,500.00 | Includes spot Ant and Tree treatment, Wateria maintenance | |||
15 | Dog Station Supplies | $ 350.00 | $ - | Included in Ground Contract with Murray's | |||
16 | Ant Treatment | $ 1,500.00 | $ - | No longer an individual line item, moved under Gen. Maintenance | |||
17 | Tree Removal/Replacement | $ 2,000.00 | |||||
18 | Arborist | $ 1,200.00 | $ 1,200.00 | ||||
19 | Playground Mulch | $ 500.00 | $ 500.00 | ||||
20 | Tree Mulch | $ 4,000.00 | $ 6,800.00 | ||||
21 | Tree Trimming | $ 5,000.00 | $ 2,500.00 | ||||
22 | Pond Maintenance | $ 3,000.00 | $ 2,960.00 | $ 40.00 | $ 3,100.00 | ||
23 | Pond Repair/Extra | $ 3,000.00 | $ 3,720.00 | $ (720.00) | $ 6,000.00 | *Additional discussion to be had | Overage was due to additional work for silt removal at Dry Pond |
24 | General Maintenance | $ 2,000.00 | $ 2,000.00 | $ - | $ 6,000.00 | $2k for tri-annual painting of Few Cir Pergola. $2k for painting of posts/signs | |
25 | Accounting/CPA | $ 270.00 | $ 270.00 | $ - | $ 270.00 | ||
26 | Legal/Collection fees | $ 300.00 | $ 300.00 | $ - | $ 300.00 | ||
27 | Corporate Filing | $ 500.00 | - | This is no longer required | |||
28 | Management Contract | $ 5,616.00 | $ 5,616.00 | $ - | $ 5,785.00 | Standard 3% annual increase | |
29 | Insurance | $ 1,600.00 | $ 1,600.00 | $ - | $ 1,600.00 | ||
30 | Printing | $ 1,000.00 | $ 1,000.00 | $ - | $ 1,000.00 | ||
31 | Postage | $ 150.00 | $ 150.00 | $ - | $ 150.00 | ||
32 | Social | $ 2,500.00 | $ 2,500.00 | $ - | $ 2,500.00 | The MPAA license will not be renewed in 2026 | |
33 | Welcome Committee | $ 100.00 | $ - | $ 100.00 | $ 100.00 | ||
34 | Pond Reserve | $ 570.00 | $ 570.00 | $ - | $ 587.00 | Standard 3% annual increase | |
35 | Capital Reserve | $ 2,601.50 | $ 2,601.50 | $ - | $ 9,608.00 | Savings recouped from new Landscaping contract is being added here | |
36 | Contingency | $ 300.00 | $ 80.00 | $ 220.00 | $ 300.00 | ||
37 | TOTAL | $ 89,855.00 | $ 72,842.00 | $ (761.00) | $ 89,470.00 | ||
38 | |||||||
39 | Gain/Loss | ||||||
40 | |||||||
41 | Reserve Cash Flow | ||||||
42 | Beginning Balance | $ 105,053.93 | |||||
43 | Contributions | $ 2,601.50 | |||||
44 | Gain/Loss | ||||||
45 | Expenses | ||||||
46 | TOTAL | $ 107,655.43 | |||||
47 | |||||||
48 | Pond Reserve Cash Flow | ||||||
49 | Beginning Balance | $ 7,677.60 | |||||
50 | Contributions | $ 570.00 | |||||
51 | Gain/Loss | ||||||
52 | Expenses | ||||||
53 | TOTAL | $ 8,247.60 |