Marsh Harbour HOA
Year 2017 Budget
							
							Jan - Dec 17
	Ordinary Income/Expense						
			Income				
				Annual Maintenance Fee			
					2017 Annual Maintenance Fee		268,770.00
				Total Annual Maintenance Fee			268,770.00
				Rental  (Condos)			
					H.O.A. Condo Rentals		60,000.00
				Total Rental  (Condos)			60,000.00
				Social Membership			2,000.00
			Total Income				330,770.00
		Gross Profit					330,770.00
			Expense				
				Automobile Expense			
					Truck Lease		600.00
					Automobile Expense - Other		200.00
				Total Automobile Expense			800.00
				Bank Service Charges			1,500.00
				Casual Labor			2,000.00
				Clubhouse Mortgage			24,000.00
				Collection Fees (Agency)			800.00
				Contract Housekeeping Service			14,000.00
				Filing Fees			200.00
				Insurance			
					Directors & Officers		1,700.00
					Property & Liability Insurance		13,000.00
					Workers Comp.		600.00
				Total Insurance			15,300.00
				Internet Services			600.00
				Landscaping/Lawn Maint.			10,000.00
				Licenses and Permits			400.00
				Loan Interest (GCR)			4,600.00
				Management Fees			
					Golf Coast Maint Fee (10%)		25,000.00
					Golf Coast Rental Fees (25%)		14,000.00
				Total Management Fees			39,000.00
				Payroll			
					Clerical & Property Mgmt.		45,300.00
					Maintenance & Repair Saleries		27,300.00
					Partial Repay GCR on $95.306 PR		32,000.00
					Tax Liability		4,400.00
				Total Payroll			109,000.00
				Pest Control			2,420.00
				Postage and Delivery			600.00
				Printing and Reproduction			250.00
				Professional Fees			
					Accounting		2,300.00
					Legal Fees		1,500.00
				Total Professional Fees			3,800.00
				Rental Disbursement			3,500.00
				Repairs & Maintenance			
					Building Repairs		1,000.00
					HVAC Repair/Service		2,400.00
					Pool & Equipment		3,500.00
					Refinish Pool		1,000.00
				Total Repairs & Maintenance			7,900.00
				Replacement Expense			
					Appliance Replacement		1,200.00
					Flat Screen TV/DVDs		400.00
					Furniture Replacement		500.00
					Linen/Towel Replacement		6,000.00
					Replacement Expense - Other		1,000.00
				Total Replacement Expense			9,100.00
				Security			550.00
				Supplies			
					Computer		200.00
					Housekeeping		4,000.00
					Maintenance & Repair		2,000.00
					Office		700.00
					Pool		2,000.00
				Total Supplies			8,900.00
				Taxes			
					Property		16,000.00
				Total Taxes			16,000.00
				Telephone			
					Clubhouse/Office Phones		2,000.00
					Long Distance Phone		350.00
				Total Telephone			2,350.00
				Utilities			
					Cable TV		7,200.00
					Electric		
						Clubhouse Electric	9,000.00
						Condo Electric	25,000.00
						Other Electric	2,000.00
					Total Electric		36,000.00
					Water		10,000.00
				Total Utilities			53,200.00
			Total Expense				330,770.00
	Net Ordinary Income						0.00
Net Income							0.00