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- FISCAL YEAR 2002 - 1/1/02 - 12/31/02
| INCOME | FY 2002 | |
A. UNIT ASSESSMENTS |
$88,200 |
|
TOTAL INCOME |
$88,200 |
|
EXPENSES |
FY 2002 |
|
A. GENERAL |
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| Office Expenses | $500 | |
| Accounting | $500 | |
| Legal | $500 | |
| Capital Reserve | (see note #1) | $4,225 |
| Insurance | (common land only) | $1,000 |
B. REPAIRS & MAINTENANCE |
||
| General | $3000 | |
| House Washing & Windows | (pressure wash once per year) | $6,125 |
| Landscaping | (includes spring & fall clean-up) | $44,100 |
| Sprinkler System | (open & close system) | $2,500 |
| Fertilizer Program | (Chemlawn or comparable) | $2,500 |
| Snow Removal - Driveways | (10 storms per year - includes salt) | $12,250 |
| Snow Removal - Roads | (10 plowings only & 15 sandings only) | $8,000 |
| Sweeping | (roads & sidewalks) | $1,500 |
C. UTILITIES |
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| Electric - Street Lights | $1,500 | |
TOTAL EXPENSES |
$88,200 |
|
TOTAL UNITS |
49 |
|
| ANNUAL ASSESSMENT | $1,800 | |
| MONTHLY ASSESSMENT | $150 | |
Note #1 |
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| Developer will contribute two month's fee per house towards capital reserve ($300 per unit) | ||
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