BRIDGE POINTE COMMUNITY ASSOCIATION

2010 DRAFT BUDGET

2009 Budget 2009 YTD 2009 Est Y-E 2010 Draft
Income: as of 06/09
Fees $175.00
General Assessments 71,500.00 68,775.00 70,000.00 110,026.00 $271.00/per lot/per year-based on 406 lots
Capitalization Fees 3,750.00 0.00 0.00
Interest Income 150.00 64.13 120.00 150.00 based on current year + anticipated for 2010
Other Income 0.00 0.00 0.00 anticipated fees from 10 sales
Carry Over from prior year(s) 10,000.00 10,000.00 10,000.00 0.00 will not have a balance to carry over for 2010
Total 85,400.00 78,839.13 80,120.00 110,176.00

Expenses
Management Fee 40,800.00 20,400.00 40,800.00 40,800.00 no increase for 2010
Postage/Courier 2,100.00 1,697.00 2,000.00 2,000.00 mailing of annual meeting notice, minutes, late notices, etc.
Printing and Reproduct. 500.00 311.00 500.00 530.00 printing invoices/notices/etc.
Administrative Expense 2,200.00 55.00 200.00 1,322.00 misc admin costs
Licenses/Permits 50.00 0.00 0.00 0.00 item eliminated-none needed
Landscaping 19,250.00 6,000.00 12,000.00 18,000.00 based on current landscape contract
Maintenance 500.00 0.00 500.00 500.00 possible repairs to fence, entry area
Taxes 0.00 500.00 500.00 500.00 based on current costs
Insurance-Property 0.00 0.00 0.00 0.00 no coverage in 2010
Liability 0.00 0.00 0.00 15,000.00 basic liability
Directors & Officers 0.00 0.00 3,000.00 3,000.00 coverage for Directors & Officers
Fidelity 0.00 0.00 515.00 524.00 coverage for funds
Professional fees - Accounting 0.00 450.00 3,000.00 3,000.00 filing taxes, auditing books
Professional fees - Legal 0.00 8,349.00 16,500.00 25,000.00 legal representation/collections
Reserve Contribution 20,000.00 10,000.00 20,000.00 0.00 no reserve contribution as there are no components
TOTAL 85,400.00 47,762.00 99,515.00 110,176.00