Mwha 2010 Budget Proposed
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Mallett's Wood Homeowner's Association 2010 Proposed Budget Last Updated 10/23/2009 Q1&2: January - June Balance 1/1/2010 Income - Dues Unit 23 - Burns/McGowan Unit 24 - Perkins Unit 25 - Perkins Construction Unit 26 - Grabowski Unit 27 - Callahan Unit 28 - Perkins Construction Unit 29 - Maxey-Reeves Unit 30 - Spitz-Nagel Unit 31 - McCarthy Unit 32 - Dutta Unit 33 - Eckhause/Najita Unit 34 - Theil Unit 35 - Herrmann/DeBoer Unit 36 - Buhr Late Charges Interest Misc. Income Total Income - Dues
Budget $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $0.00 $0.00 $0.00 $8,232.00
Actual $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Variance ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) $0.00 $0.00 $0.00 ($8,232.00)
Q3&4: July - December Budget $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $0.00 $0.00 $0.00 $8,232.00
Actual $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Variance
2010 YTD Budget
($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($8,232.00) $16,464.00
Actual
Variance
$0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($16,464.00)
Mallett's Wood Homeowner's Association 2010 Proposed Budget Last Updated 10/23/2009 Q1&2: January - June Balance 1/1/2010
Budget
Actual
Q3&4: July - December
Variance
Budget
Actual
2010 YTD
Variance
Budget
Actual
Variance
Balance 12/30/10
Expenses Administrative Liability Insurance Accounting/Audit/Taxes** Management Services # Legal Fees ** Bank Service Fees Postage/Copying/Shipping/Printing State of Michigan Filing Total Administrative
$0.00 $401.58 NA $0.00 $0.00 $62.90 NA $464.48
$0.00 $0.00 $0.00 $0.00 $0.00 $50.00 $0.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 ($50.00) $0.00 ($50.00)
$375.00 $0.00 $0.00 $0.00 $0.00 $50.00 $20.00 $445.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
($375.00) $0.00 $0.00 $0.00 $0.00 ($50.00) ($20.00) ($445.00)
$375.00 $0.00 $0.00 $0.00 $0.00 $100.00 $20.00 $495.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
($375.00) $0.00 $0.00 $0.00 $0.00 ($100.00) ($20.00) ($495.00)
$375.00 $0.00 $0.00 $0.00 $0.00 $100.00 $20.00 $495.00
($1,250.00) $0.00 ($1,250.00)
$1,250.00 $850.00 $2,100.00
$0.00 $0.00 $0.00
($1,250.00) ($850.00) ($2,100.00)
$2,500.00 $850.00 $3,350.00
$0.00 $0.00 $0.00
($2,500.00) ($850.00) ($3,350.00)
$2,500.00 $850.00 $3,350.00
$0.00 $0.00 $0.00 $0.00 ($2,500.00) ($2,500.00)
$0.00 $0.00 $0.00 $0.00 $4,802.50 $4,802.50
$0.00 $0.00 $0.00 $0.00 $2,302.50 $2,302.50
$0.00 $0.00 $0.00 $0.00 ($2,500.00) ($2,500.00)
$0.00 $0.00 $0.00 $0.00 $2,500.00 $2,500.00
Unit Maintenance Roof Maintenance Gutter/Downspout Cleaning & Inspections Total Unit Maintenance
$0.00 $0.00 $0.00
$1,250.00 $0.00 $1,250.00
$0.00 $0.00 $0.00
Landscape Maintenance Commons Lawn Mowing - Commons## Weeding - Commons* Tree & Shrub Care - Commons* Detension Pond Maintenance - Commons Snow Removal - Commons Total Maintenance - Commons
$0.00 $0.00 $0.00 $0.00 $1,000.00 $1,000.00
$0.00 $0.00 $0.00 $0.00 $2,302.50 $2,302.50
$0.00 $0.00 $0.00 $0.00 $2,302.50 $2,302.50
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $2,500.00 $2,500.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
NA NA NA NA NA NA
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $1,464.48
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$8,647.50
$2,302.50
Landscape Maintenance Limited Commons* Lawn Mowing - Limited Commons## Electrical Maintenance - Limited Commons Light Bulb Replacement - Limited Commons Weeding - Limited Commons* Tree & Shrub Care - Limited Commons* Snow Removal - Limited Commons* Total Landscape Maintenance Limited Commons* Total Carry Over Expenses**** Total Expenses
* Items listed in Original By-Laws. Association voted to remove funding for these items in 2004.
($6,345.00)
$6,345.00
Mallett's Wood Homeowner's Association 2010 Proposed Budget Last Updated 10/23/2009 Q1&2: January - June
Reserve Allocations Roof Replacement (increase 4% per year) Trim Painting (increase 4% per year) Concrete Replacement*** Total Reserve Allocations Sub-Total Expenses & Reserve Allocations Contingencies (2009)
Q3&4: July - December
Balance 1/1/2010
Budget
$32,882.50 $12,173.23 $1,000.00 $46,055.73
$2,080.00 $1,058.72 $0.00 $3,138.72
$0.00 $0.00 $0.00 $0.00
($2,080.00) ($1,058.72) $0.00 ($3,138.72)
$2,080.00 $1,058.72 $0.00 $3,138.72
$746.25
$0.00
($746.25)
$746.25
$0.00
Actual
Variance
Budget
Total Expenses
Actual
2009 YTD
Variance
Budget
$0.00 $0.00 $0.00 $0.00
($2,080.00) ($1,058.72) $0.00 ($3,138.72)
$4,160.00 $2,117.44 $0.00 $6,277.44 $14,924.94
$0.00
($746.25)
$1,492.49 $16,417.43
Monthly Payment Per Unit
$97.72
Actual
$0.00 ($4,160.00) $0.00 ($2,117.44) $0.00 $0.00 $0.00 ($6,277.44) $2,302.50 ($12,622.44) $0.00
($1,492.49)
Balance 12/30/10 $37,042.50 $14,290.67 $1,000.00 $52,333.17 $58,678.17 $1,492.49
$2,302.50 ($14,114.93) $60,170.66
$98.00
**Any 2010 Legal or Accounting Fees will be charged to our Contingency Fund. *** These funds are to be used to correct the water drainage problem located between 3212 and 3230. Also, it is to be used for repairing concrete and correcting drainage adjacent to 3170. If more funds are required, the contingency fund will be used. **** The Board is proposing that these funds be added to our Reserve Allocation for Roof Replacement due to a 300% increase in roofing material # Research for this item determined that Management Services could be contracted for $300/month. This service covered bookkeeping, invoices, and year end summary. Other services are available. The Board will still be required to make decisions. ## The Board & Association will determine whether the lawn mowing continues for the Common areas in 2010.
Variance
$0.28
Mallett's Wood Homeowner's Association 2010 Proposed Budget Last Updated 10/23/2009 Balance 1/1/2010 Cash on Deposit Checking Account Checking Interest CD - 30 Day CD - 13 mo. Total Cash on Deposit
$26,739.90 $11,173.03 $11,693.75 $49,606.68
Q1&2: January - June Deposits & Interest Debits Balance $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$26,739.90 $0.00 $11,173.03 $11,693.75 $49,606.68
Q3&4: July - December Deposits & Interest Debits Balance $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$26,739.90 $0.00 $11,173.03 $11,693.75 $49,606.68
2010 YTD Deposits & Interest $0.00 $0.00 $0.00 $0.00 $0.00
Debits $0.00 $0.00 $0.00 $0.00 $0.00
Balance $26,739.90 $0.00 $11,173.03 $11,693.75 $49,606.68
Budget $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $0.00 $0.00 $0.00 $8,232.00
Actual $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Variance ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) ($588.00) $0.00 $0.00 $0.00 ($8,232.00)
Q3&4: July - December Budget $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $588.00 $0.00 $0.00 $0.00 $8,232.00
Actual $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Variance
2010 YTD Budget
($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 ($588.00) $1,176.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($8,232.00) $16,464.00
Actual
Variance
$0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 ($1,176.00) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($16,464.00)
Mallett's Wood Homeowner's Association 2010 Proposed Budget Last Updated 10/23/2009 Q1&2: January - June Balance 1/1/2010
Budget
Actual
Q3&4: July - December
Variance
Budget
Actual
2010 YTD
Variance
Budget
Actual
Variance
Balance 12/30/10
Expenses Administrative Liability Insurance Accounting/Audit/Taxes** Management Services # Legal Fees ** Bank Service Fees Postage/Copying/Shipping/Printing State of Michigan Filing Total Administrative
$0.00 $401.58 NA $0.00 $0.00 $62.90 NA $464.48
$0.00 $0.00 $0.00 $0.00 $0.00 $50.00 $0.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 ($50.00) $0.00 ($50.00)
$375.00 $0.00 $0.00 $0.00 $0.00 $50.00 $20.00 $445.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
($375.00) $0.00 $0.00 $0.00 $0.00 ($50.00) ($20.00) ($445.00)
$375.00 $0.00 $0.00 $0.00 $0.00 $100.00 $20.00 $495.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
($375.00) $0.00 $0.00 $0.00 $0.00 ($100.00) ($20.00) ($495.00)
$375.00 $0.00 $0.00 $0.00 $0.00 $100.00 $20.00 $495.00
($1,250.00) $0.00 ($1,250.00)
$1,250.00 $850.00 $2,100.00
$0.00 $0.00 $0.00
($1,250.00) ($850.00) ($2,100.00)
$2,500.00 $850.00 $3,350.00
$0.00 $0.00 $0.00
($2,500.00) ($850.00) ($3,350.00)
$2,500.00 $850.00 $3,350.00
$0.00 $0.00 $0.00 $0.00 ($2,500.00) ($2,500.00)
$0.00 $0.00 $0.00 $0.00 $4,802.50 $4,802.50
$0.00 $0.00 $0.00 $0.00 $2,302.50 $2,302.50
$0.00 $0.00 $0.00 $0.00 ($2,500.00) ($2,500.00)
$0.00 $0.00 $0.00 $0.00 $2,500.00 $2,500.00
Unit Maintenance Roof Maintenance Gutter/Downspout Cleaning & Inspections Total Unit Maintenance
$0.00 $0.00 $0.00
$1,250.00 $0.00 $1,250.00
$0.00 $0.00 $0.00
Landscape Maintenance Commons Lawn Mowing - Commons## Weeding - Commons* Tree & Shrub Care - Commons* Detension Pond Maintenance - Commons Snow Removal - Commons Total Maintenance - Commons
$0.00 $0.00 $0.00 $0.00 $1,000.00 $1,000.00
$0.00 $0.00 $0.00 $0.00 $2,302.50 $2,302.50
$0.00 $0.00 $0.00 $0.00 $2,302.50 $2,302.50
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $2,500.00 $2,500.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
NA NA NA NA NA NA
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $1,464.48
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$8,647.50
$2,302.50
Landscape Maintenance Limited Commons* Lawn Mowing - Limited Commons## Electrical Maintenance - Limited Commons Light Bulb Replacement - Limited Commons Weeding - Limited Commons* Tree & Shrub Care - Limited Commons* Snow Removal - Limited Commons* Total Landscape Maintenance Limited Commons* Total Carry Over Expenses**** Total Expenses
* Items listed in Original By-Laws. Association voted to remove funding for these items in 2004.
($6,345.00)
$6,345.00
Mallett's Wood Homeowner's Association 2010 Proposed Budget Last Updated 10/23/2009 Q1&2: January - June
Reserve Allocations Roof Replacement (increase 4% per year) Trim Painting (increase 4% per year) Concrete Replacement*** Total Reserve Allocations Sub-Total Expenses & Reserve Allocations Contingencies (2009)
Q3&4: July - December
Balance 1/1/2010
Budget
$32,882.50 $12,173.23 $1,000.00 $46,055.73
$2,080.00 $1,058.72 $0.00 $3,138.72
$0.00 $0.00 $0.00 $0.00
($2,080.00) ($1,058.72) $0.00 ($3,138.72)
$2,080.00 $1,058.72 $0.00 $3,138.72
$746.25
$0.00
($746.25)
$746.25
$0.00
Actual
Variance
Budget
Total Expenses
Actual
2009 YTD
Variance
Budget
$0.00 $0.00 $0.00 $0.00
($2,080.00) ($1,058.72) $0.00 ($3,138.72)
$4,160.00 $2,117.44 $0.00 $6,277.44 $14,924.94
$0.00
($746.25)
$1,492.49 $16,417.43
Monthly Payment Per Unit
$97.72
Actual
$0.00 ($4,160.00) $0.00 ($2,117.44) $0.00 $0.00 $0.00 ($6,277.44) $2,302.50 ($12,622.44) $0.00
($1,492.49)
Balance 12/30/10 $37,042.50 $14,290.67 $1,000.00 $52,333.17 $58,678.17 $1,492.49
$2,302.50 ($14,114.93) $60,170.66
$98.00
**Any 2010 Legal or Accounting Fees will be charged to our Contingency Fund. *** These funds are to be used to correct the water drainage problem located between 3212 and 3230. Also, it is to be used for repairing concrete and correcting drainage adjacent to 3170. If more funds are required, the contingency fund will be used. **** The Board is proposing that these funds be added to our Reserve Allocation for Roof Replacement due to a 300% increase in roofing material # Research for this item determined that Management Services could be contracted for $300/month. This service covered bookkeeping, invoices, and year end summary. Other services are available. The Board will still be required to make decisions. ## The Board & Association will determine whether the lawn mowing continues for the Common areas in 2010.
Variance
$0.28
Mallett's Wood Homeowner's Association 2010 Proposed Budget Last Updated 10/23/2009 Balance 1/1/2010 Cash on Deposit Checking Account Checking Interest CD - 30 Day CD - 13 mo. Total Cash on Deposit
$26,739.90 $11,173.03 $11,693.75 $49,606.68
Q1&2: January - June Deposits & Interest Debits Balance $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$26,739.90 $0.00 $11,173.03 $11,693.75 $49,606.68
Q3&4: July - December Deposits & Interest Debits Balance $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$26,739.90 $0.00 $11,173.03 $11,693.75 $49,606.68
2010 YTD Deposits & Interest $0.00 $0.00 $0.00 $0.00 $0.00
Debits $0.00 $0.00 $0.00 $0.00 $0.00
Balance $26,739.90 $0.00 $11,173.03 $11,693.75 $49,606.68
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