FPLOA BUDGET FOR FISCAL YEAR 2014-2015

Total Lots Assessed 3346 @ $ 215.00

Operating
Budget

Replacement
Fund

Total
Budget

Income
6310 Assessment Income
6311 Assessment Income to Operating Budget
6312 Assessment Income to Reserve Fund
6310 Assessment Income
Allowance for Uncollectable Assessments $ 70414.00
$78,892.00
6310 Total Assessment Income
6400 Income
6420 New Residential Construction
6430 Foreclosure Income
6440 Gate Income
6445 Fire Mitigation / Common Lands
6900 Interest Income
6910 Operations
6911 Reserves
6912 Reserve CD'S
Total Income

Page 1 of 6

606,999.00
$

10,000.00

47,336.00 $

$
112,391.00 $
$
$
31,556.00

606,999.00
112,391.00
10,000.00
729,390.00

$78,892.00
650,498.00

$
$
$

6,000.00
10,000.00
1,000.00

$
$
$

6,000.00
10,000.00
1,000.00

200.00
$

$
7,465.00 $

200.00
7,465.00

$ 586,863.00 $

88,300.00 $

675,163.00

FPLOA BUDGET FOR FISCAL YEAR 2014-2015

Total Lots Assessed 3346 @ $ 215.00

Operating
Budget

Expenses
7075 Assessment Expenses
7075.1 Credit Card Fees
7075.2 Return Check
7085 Bank Charges
7085Bank Charges
7100 Election Expense
7100 Election Expense
7110 Communication Committee
7110.1 News Letter
7110.5 Email
Welcome Package
Postage
Supplies
7160 Income Taxes
7160.1 State
7160.2 Federal
7195 Hospitality Committee
Annual Meeting
Wood Fest
Community Spirit
Tent Replacement
Mileage
Supplies
Membership Training

Replacement
Fund

$
$

2,000.00
125.00

$
$

2,000.00
125.00

1,200.00

1,200.00

$
$
$
$
$
$
$

9,000.00
1,367.00
600.00
2,500.00
200.00
250.00
250.00

$
$
$
$
$
$
$

9,000.00
1,367.00
600.00
2,500.00
200.00
250.00
250.00

$
$

1,000.00
5,000.00

$
$

1,000.00
5,000.00

$
$
$

3,000.00
50.00
200.00

$
$
$
1,000.00 $
$
$
$

3,000.00
50.00
200.00
1,000.00
200.00
600.00
500.00

$
$
$
$
Page 2 of 6

Total
Budget

200.00
600.00
500.00

FPLOA BUDGET FOR FISCAL YEAR 2014-2015

Total Lots Assessed 3346 @ $ 215.00

Operating
Budget

8010. Association Management

8010.2 Electric
8010.3 Propane
8010.5 Office Supplies
8010.6 Phone
8010.9 Postage
Printing
Contract Expense
Sub-Contract Expense
9424. Alarm System
9059. Real Estate
Admin. Building Maintenance & Repair
8035.0 Audit
8040.0 Reserve Study
Prepaid thru 2015
8045. Legal
8045.1 Defense Fund
8045.2 Retainer
Water Resources
8210. Insurance
D &O
Auto
Contents
Admin.Building
Workman's Comp.
FP Center
Equipment
Page 3 of 6

Replacement
Fund

Total
Budget

$
$
$
$
$
$
$
$
$
$
$
$
$

1,000.00
2,500.00
3,000.00
1,800.00
700.00
1,000.00
39,000.00
1,000.00
300.00
3,500.00
10,000.00
6,500.00
-

$
$
$
$
$
$
$
$
. $
$
$
$
$

1,000.00
2,500.00
3,000.00
1,800.00
700.00
1,000.00
39,000.00
1,000.00
300.00
3,500.00
10,000.00
6,500.00
-

$
$
$

40,000.00
2,400.00
20,000.00

$
$
$

40,000.00
2,400.00
20,000.00

14,000.00

14,000.00

FPLOA BUDGET FOR FISCAL YEAR 2014-2015

Total Lots Assessed 3346 @ $ 215.00

Operating
Budget

9050 ECC
9050.1 Phone
9050.3 Office Supplies
8010.10 Gate Cards
8010.12 Camera Repair
8010.11 Gate Utilities
Gate Repairs
Postage
Entrance Wall Repairs
Entrance Building Maint & Repair
9630.1 FP. Center Supplies
9630.2 FP Center Janitorial Service
9630.3 FP Center Phone / Internet
9630.4 FP Center Electric
9630.6 FP Center Propane
FP Center Septic Replacement
9060. Security
Patrol
9420. Roads
9420.1 Maintenance & Repairs
Secondary Roads Maintenance &Repair
Tertiary Roads Maintenance & Repair
9420.2 Culverts & Drainage
9420.3
Snow Fence & Repairs
9420.4 Signs
9420.5 Office Supplies
Page 4 of 6

$
$
$

500.00
1,000.00
1,500.00

$
$
$

2,100.00
100.00
100.00

$
$
$
$
$
$

1,500.00
1,500.00
3,000.00
1,500.00
1,500.00
1,500.00

$
$
$
$
$
$
$
$

Replacement
Fund

Total
Budget

$
$
$
600.00 $
$
$
$
1,000.00 $
$
$
$
$
$
$
6,000.00 $

500.00
1,000.00
1,500.00
600.00
2,100.00
100.00
100.00
1,000.00
1,500.00
1,500.00
3,000.00
1,500.00
1,500.00
1,500.00
6,000.00

7,000.00

7,000.00

50,000.00
10,000.00
5,000.00
10,000.00
6,000.00
5,000.00
500.00

$
$
$
$
2,500.00 $
$
$

50,000.00
10,000.00
5,000.00
10,000.00
8,500.00
5,000.00
500.00

FPLOA BUDGET FOR FISCAL YEAR 2014-2015

Total Lots Assessed 3346 @ $ 215.00

Operating
Budget

Concrete Pad Repair

9421. Equipment
9421.1 Equipment Notes
9421.2 Rentals
9421.3 Diesel
Gas
9421.4 Equipment Maintenance
9421.5 Prime Contractor
Sub Contractor
9600 Fire Mitigation / Common Lands
9600.1
Mitigation
9600.2
Common Lands Maintained & Repairs
9600.4
Equipment
Supplies
Office Supplies
Grants
Fire Response Team
Long Range Planning
LRP
9830 Association Donations
9830 Donations
9850. Trash Removal
9850. Trash
9880. Contingency
9880. Contingency
Page 5 of 6

Replacement
Fund
2,500.00 $

Total
Budget
2,500.00

$
$
$
$
$
$
$

93,000.00
2,000.00
40,000.00
3,000.00
20,000.00
68,500.00
2,000.00

10,000.00 $
$
$
$
4,000.00 $
$
$

103,000.00
2,000.00
40,000.00
3,000.00
24,000.00
68,500.00
2,000.00

$
$
$
$
$

2,500.00
5,000.00
1,000.00
200.00
200.00

5,921.00

$
2,500.00 $
$
$
$
30,000.00 $
2,200.00 $

2,500.00
7,500.00
1,000.00
200.00
200.00
30,000.00
8,121.00

1,500.00

6,000.00 $

7,500.00

1,500.00

1,500.00

28,000.00

28,000.00

1,500.00

1,500.00

FPLOA BUDGET FOR FISCAL YEAR 2014-2015

Total Lots Assessed 3346 @ $ 215.00

Operating
Budget

Replacement
Fund

9885. Board Discretionary

Discretionary

Capital Expense
Total Budget

$
25,000.00 $
$ 586,863.00 $

Alamosa State Bank Reserve CD

San Luis Valley Federal Bank
1st Southwest Bank Reserve CD

4/5/2014
4/4/2014
3/20/2014

2,000.00

4/5/2014
4/4/2014
12/19/2014

$
Certificate of Deposit Total Balance
Reserve Study Contribution
Needed

$425,658.26
4/05/2014
$543,604.00
10/1/2015
$11,794.75 2015 Fiscal year

2848 lots @ 198.00= $563,904

3346 lots @ 210.00= $702,660
3011 lots @ 210.00= $632,310
3346 lots @ 215.00= $719,390
Special Assessment Consideration
3346 Lots /150,000 = $ 44.83 per lot.

Page 6 of 6

Total
Budget
$

2,000.00

$
88,300.00 $

25,000.00
675,163.00

53,851.87
112,333.67
259,472.72
425,658.26