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RHODY LANE HOA2024 Approved Budget TotalActuals as of 12/31/242025 Proposed Budget TotalNotes:
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INCOME2025 Dues $500 Annually x 46 Lots = $23,000
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Association Income
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 Assessments $ 23,000.00 $ 23,250.00 $ 23,250.00 2024 Escrow Fee, Lot#9 Sell, $250.00
2025 Escrow Fee, Expected from Sell of Lot#46 $250.00
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 Refunds, Returns $ - $ 37.74 $ -
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 Total for Association Income $ 23,000.00 $ 23,287.74 $ 23,250.00
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Bank Income
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 Interest Income $ 200.00 $ 147.88 $ 150.00 2024 Savings $139.65, Checking $8.23
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 Total for Bank Income $ 200.00 $ 147.88 $ 150.00
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 Total Income $ 23,200.00 $ 23,435.62 $ 23,400.00
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 EXPENSES
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 Insurance
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 Insurance - Other $ 1,300.00 $ 1,653.33 $ 1,700.00 Increase for 2025
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 Total for Insurance $ 1,300.00 $ 1,653.33 $ 1,700.00
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 Landscaping
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 Additional required maintenance - landscaping $ 2,500.00 $ 3,552.37 $ 5,500.00 2024 Repair Benches & Table, Fence Post, Dump Old Play Area Jungle Gym and Revove Old Back Chips, Add New Back Chips
2025 $2k New Fence behind Sign, $1k Remove Moss Enterance and Pond, $2k Beauty Back, $500 Remove Dead Tree in Pond
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 Irrigation $ -
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 Monthly Maintenance - landscaping $ 9,000.00 $ 9,150.00 $ 9,600.00 O&E Landscaping, New Contract Increase, $800 a Mth as of Oct. 2024
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 Total for Landscaping $ 11,500.00 $ 12,702.37 $ 15,100.00
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 Licenses and Permits
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 Secretary of State Annual Renewal/Report $ 20.00 $ 20.00 $ 20.00
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 Total for Licenses and Permits $ 20.00 $ 20.00 $ 20.00
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 Maintenance & Repairs
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 Backflow Device Testing, Winterization $ 190.00 $ 524.88 $ 190.00 2024 included $230.58 Sprinkler repairs, $104.50 FY23 Winterization Billed-Paid in Jan-2024, $80.00 Backflow Test, $109.80 Winteriation
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 Common Area Cleaning & Expense $ -
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 Total for Maintenance & Repairs $ 190.00 $ 524.88 $ 190.00
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 Management Fees
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 Admin. Web, Software, Etc $ 350.00 $ 341.61 $ 350.00 Squarespace Inc, $132.60 Annual Web Site renewal
Zoom Annual Subscription, $176.69
Name-Cheap.com, $32.32 Annual Domain Renewal
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 Monthly Management Fee + Other Charges $ -
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 Office Supplies $ - $ -
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 Postage and Delivery $ -
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 Storage fee $ -
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 Total for Management Fees $ 350.00 $ 341.61 $ 350.00
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 Other Expenses
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 Misc Cost $ - $ - $ -
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 Meeting Room & Equipment Rental $ - $ - $ -
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 Total for Other Expenses $ - $ - $ -
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 Professional Fees
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 Legal Fees $ - $ -
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 Reserve Study $ - $ - Est $2k, Postsponed in 2021
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 Taxes/Audits $ - $ -
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 Total for Professional Fees $ - $ - $ -
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 Utilities
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 Water $ 1,000.00 $ 682.90 $ 800.00
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 Total for Utilities $ 1,000.00 $ 682.90 $ 800.00
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 Total Expense $ 14,360.00 $ 15,925.09 $ 18,160.00
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Reserve Contribution (minimum 10% of income)
$ 5,000.00 $ 10,000.00 $ 5,000.00 Move to Savings/Reserves in 2025
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 TOTAL INCOME: $ 23,200.00 $ 23,435.62 $ 23,400.00
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 TOTAL EXPENSES: $ 19,360.00 $ 25,925.09 $ 23,160.00
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 NET INCOME/LOSS: $ 3,840.00 $ (2,489.47) $ 240.00 2024 Loss Covered by the $5.0 we started with.
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Reserve Expenses2024 Approved Budget TotalActuals as of 12/31/242025 Proposed Budget Total
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Amount to Start the Year in Savings/Reserves $ 45,224.28 $ 40,224.28 $ 24,827.77 If $5k more Moved to Savings/Reserves, we'd start 2025 with $2.4k in Checking & $29.8k in Savings/Reserves
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Amount Added to Savings/Reserves $ 5,200.00 $ 10,132.29 $ 5,000.00
2024 Transfers from Checking $10k + Interest $132.29
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Expenses from the Reserves
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Detention Pond $ - $ - $ -
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Irrigation System Maintenance/Repairs $ - $ - $ -
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Fence Maintenance/Repairs $ - $ - $ -
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Basketball Court Maintenance/Repairs $ - $ - $ -
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Picnic Tables Maintenance/Repairs $ - $ - $ -
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Playground Equipment Maintenance/Repairs $ 25,528.79 $ 25,528.80 $ -
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Monument $ - $ - $ -
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Reserve Expense Totals: $ 25,528.79 $ 25,528.80 $ -
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 TOTAL RESERVE Less Any EXPENCES: $ 24,895.49 $ 24,827.77 $ 29,827.77
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