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2009 ARI Budget -Final
<br />
<br />
<br /> Administrativ Hillmont niv Garden McMasters Abbey Ct Ashley Forest Umstead Rd Totals Notes
<br />
<br />Rent Income
<br />Late Fees
<br />35,940.00
<br />13,620.00
<br />13,920.00
<br />5,400.00
<br />4,224.00
<br />8,400.00
<br />69,278.00 actual annual rent is $81,504
<br />this figure assumes 15% vacancy
<br />Contributions 1,500.00. 1,500.00 indiv/core donors
<br />
<br />Totallncome 1,500.00 35,940.00 13,620.00 13,920.00 5,400.00 4,224.00 8,400.00 70,778.00
<br />
<br />Appraisal
<br />Audit
<br />Bank Sev Chg 9,500.00. 9,500.00 $2000 for'08 exp, and $7500 for'09
<br />Bookkeeping
<br />Evictions Cost 2,500.00
<br />240.00 2,500.00
<br />240.00 should be less than '08
<br />estimate
<br />HOA Dues
<br />Assessments
<br />Insurance
<br />Insurance-D&O
<br />Interest Exp
<br />Property Mgt
<br />Taxes
<br />Repairs & Maint
<br />Utilities
<br />Miscellaneous
<br />
<br />
<br />,000.00 8,400.00
<br />2,000.00
<br />
<br />
<br />8,200.00
<br />4,200.00
<br />392.00
<br />5,500.00
<br />
<br />500.00 2,880.00
<br />
<br />
<br />
<br />
<br />,800.00
<br />243.00
<br />3,000.00
<br />
<br />500.00
<br />
<br />1,300.00
<br />
<br />9,400.00
<br />1,200.00
<br />240.00
<br />2,240.00
<br />1,300.00
<br />500.00 1,560.00
<br />
<br />
<br />
<br />,580.00
<br />600.00
<br />37.00
<br />3,000.00
<br />
<br />500.00 1,500.00
<br />
<br />
<br />
<br />
<br />00.00
<br />78.00
<br />1,500.00
<br />
<br />500.00 2,374.00
<br />
<br />
<br />
<br />
<br />00.00
<br />40.00
<br />1,000.00
<br />
<br />500.00 16,714.00
<br />2,000.00
<br />1,300.00
<br />1,000.00
<br />19,180.00
<br />9,000.00
<br />1,030.00
<br />16,240.00.
<br />1,300.00
<br />3,000.00 based on '08 figures
<br />set by Hillmont HOA
<br />others covered b HOA
<br />
<br />estimate based on balances
<br />$50/unit per month
<br />stormwater/recycling
<br />estimates
<br />McMasters is paid; others HOA
<br />
<br />Total Expense 13,240.00 29,192.00 8,423.00 16,180.00 7,277.00 4,178.00 4,514.00 83,004.00
<br />
<br />Net Income 11,740.00 .6,748.00 5 197.00 2,260.00 1,877.00 46.00 3 886.00 $ -
<br />j
<br />0
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