2008 Association Operating Budget
Below is the Pine Forest Owners Association Operating Budget for the period January 1, 2008 through December 31, 2008
that was reviewed and approved by the Pine Forest Owners Association Board of Directors.
The budget will be reviewed and ratified at the Special Association meeting December 29th, 2007, unless a majority of the
members vote to reject the budget. A budget summary is presented below.
We welcome your questions and input, both at the meeting and any other time.
INCOME
EXPENSES
Association
Association Dues
$48,300
Fees:- late, transfer, and consoldation
$1,260
Misc. fees and interest
$490
Garbage Fees
$4,670
Total General Income
$54,720
Water System
Water Fees
$55,710
Water Hookup Fees @$1500
1,500
Total Water Income
57,210
Total Income
$111,930
General
Meeting Expenses
$100
Road Maintenance
3,220
General Maintenance
$225
Greenbelt Maintenance
$480
Snowplowing
$30,000
Insurance
$3,100
Legal Fees
$1,630
Office Expense
$1,620
Accounting and Bank Charges
$2,000
Taxes and Gov Fees
$200
Truck Rental
$1,000
Garbage Collection
$2,885
Total General Expenses
$46,460
Water System
Water Maintenance
$9,000
Water Electricity
$3,000
Loan Payment
$35,000
Total Water Expenses
$47,000
Assn. Mgmt.Expense
Mangement Salary
$32,400
Other Mgmt. Compensation
$2,600
Total Mgmt. Expense
$35,000
Grant Matching
$2,800
Total Expenses
$131,260
Net Operating Cash Flow
$-19,330
Cash beginning (projected)
$82,000
Cash ending (projected)
$62,670