Rivercrest - Budget

RIVERCREST COMMUNITY ASSOCIATION 2008 BUDGET 11112008 Thru 12/31/2008 2008 Budget Yearly

Revenue 3100 13100 23100

Maintenance Fees 1362 Units $93/Yr. Maintenance Fees Garden Vilias $220/Mth Maintenance Fees Townhomes $265/Mth Total Revenue

2008 Budget Monthly

$128,562

$10,714

$385440

$32120

$362,520 $876,522

$30,210 $73,044

$72636

$6,053

Common Expenses Operating 4006 4011

4012 4013

Management/Bookkeeping Bank Charges Office/Administrative Expenses Postage

4018 4030

Archiving/Storage

4072 4074 4076

Corporate Annuai Report CPA Services

4093

4096 4225 5000

$11

$10500

$875 $713

$8,550 $372 $496 $60

$31

$8,304 $12,000

$692 $1 000

D&O

$8,004

FIdelity Bond Contingency Maintenance & Repair/Lot Upkeep TOTAL COMMON EXPENSES

$504 $3,004

$667 $42

Website

Legal

GARDEN VILLAS

Administrative 14006 14011 14012 14013 14018 14076 14090 14099

$132

Management/Bookkeeping BankCharges Office Expenses/Printing/Copying

Postage

Insurance Loan Expense Total Administrative

$333

$10,714

2008 Budget Yearly

2008 Budget Monthly

$13,980

$1,165

$132

$11

$1,300

$6,000 $246,960

$108 $42 $3 $84 $18,667 $500 $20,580

$2,400 $9,000

$200 $750

$15,000 $51,000 $6,000 $5,004 $88,404

$1,250 $4,250

$16,492 $18,564

$1,541

$1,004 $224,004

Insurance

$250

$128,562

$36

Legal

$5

$4,000

$504

Archiving/Storage

$41

Maintenance 15000 15040 16030 16100 16110 16120

General Maintenance Termite Irrigation Maintenance & Repair

Grounds Maintenance Tree Replacement Landscape Replacement Total Maintenance

$500 $417 $7,367

Reserves 19100 19120 19140

Contingency Painting Reserve

Total Reserves

$13,020 $50,076

TOTAL GARDEN VILLAS EXPENSES

$385,440

Roof Reserve

146 Units

Assessment:

$1,547 $1,085

$4,173 $32,120

$2640/Yr-$220/Mth

RIVERCREST COMMUNITY ASSOCIATION 2008 BUDGET 1/1/2008 Thru 12/31/2008 2006 Budget Yearly

TOWNHOMES

Administrative 24006 24011 24012 24013 24018 24076 24090 24099

Management/Bookkeeping Bank Charges Office ExpenseslPrinting/Copying Postage ArchivIng/Storage

2008 Budget Monthly $908

$10,896 $96 $1,092 $600

$8 $91

$50

$35

$3

$2,004 $180,000 $5,495 $200,220

$167 $15,000 $458 $16,685

$10,000 $1,000 $4,900 $6,996 $35,004 $4,848 $6,504 $62,604 $16,500 $148,356

$833 $83 $408 $583 $2,917 $404 $542 $5,217 $1,375 $12,363

Total Reserves

$1,344 $7,104 $5,496 $13,944

$112 $592 $458 $1,162

TOTAL TOWNHOMES EXPENSES

$362,520

$30,210

Legal Insurance

Insurance Loan Expense

Total Administrative Maintenance 25000 25028 25040 26030 26100 26110 27001 27012 27018

General Maintenance Plumbing Repair/Maintenance Termite Irrigation Maintenance & Repair Grounds Maintenance Tree Replacement/Plant Replacement Electricity Water/Sewer Trash

Total Maintenance Reserves 29100 29120 29140

Contingency Painting Reserve Roof Reserve

114 Units

Assessment:

TOTAL RIVERCREST EXPENSES

$31 8OfYr-$265/Mth

$876,522

$73,044

*Greenacre Properties recommends that a reserve analysis be completed by a qualified outside reserve specialist. Maintenance Fees are rounded to nearest whole dollar

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