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2015 Budget Conquistador Condominiums 2015 Budget Plan2014 Budget Plan INCOME 2015 Monthly Assessment $283$300 Member Assessment Total$1,548,576$1,641,600 Reserves Income$200,000$404,801 General Income$1,348,576$1,236,799 Miscellaneous Income$5,000$7,000 TOTAL INCOME$1,553.,576$1,648,600 EXPENSE Operating Expense Management / Payroll Management fee + Manager$104,160$89,767 Maintenance salaries$171,555$168,000 Total Management / Payroll$275,715$257,767 Administration Office supplies & postage$22,000$16,000 Meeting Expense$5,000 Uniforms$1,500 Telephone services$3,500$5,500 Legal & professional$20,000$11,000 Accountant$6,000$8,500 Licenses & permits$1,200 Annual fee State of Florida$1,900 Bad Debt (*Expected Delinquencies)$89,008$45,476 Total Administration$150,108$96,076
2015 Budget Conquistador Condominiums page 2 Facility Exp / Contractural Lanscaping Contract$96,214$90,000 Pest Control$11,000 Termite bond$10,000 Insurance - Property/Flood/Liability/Auto$330,000$299,050 Cable TV$196,346$187,000 Electricity$30,000$33,000 LP gas$9,000$7,000 Water & sewer$15,000$17,300 Trash removal$35,052$49,000 Security - summer weekends$7,500$6,000 Total Facility Exp / Contractual$740,112$709,350 Repairs & Maintenance Property maintenance & repair$88,792$75,000 Grounds maintenance$20,000 Landscaping$17,000 Tree or major limb removal$21,000$15,000 Mailbox repair & replacement$3,000 Dumpster enclosures$2,000 Pool maintenance & supplies$22,000 Vehicle Expenses$2,000 Gas - Vehicle & Equipment$4,000$2,500 Contingency - Misc.$7,379$14,156 Total Facility Repairs & Maintenance$187,171$172,656 Total Facility$927,283$882,006
2015 Budget Conquistador Condominiums page 3 Total Operating Expense$1,353,106$1,235,849 Reserves Reserve Transfers$200,000$412,751 TOTAL EXPENSE$1,553,106$1,648,600 NET INCOME (DEFICIT)$470$0
Reserve Study Cash Flow Plan Details Category Description Cost Year 1: 2015 Paving Asphalt Overlay, 1.5" - Andalusia 57,404 Paving Asphalt Overlay, 1.5" - Veronese 43,291 Gutter Allowance 5,000 Misc Building Components Building Renovation Allowance - Ph 1 of 3 $470,000 Misc Building Components Plumbing Repiping Allowance - Ph 1 of 5 $180,000 Misc Site Improvements Pool Equipment, Pump/Motor/Filter Allowance - $ 1,000 Misc Site Improvements Pool Equipment, Solar Heating Equip - $ 3,000 Furniture, Fixtures & Equipment Computer Workstation - Office Bldg 1,297 Furniture, Fixtures & Equipment Furnishings Allowance - Office Bldg 10,000 Furniture, Fixtures & Equipment Furniture, Outdoor - Pool Decks 25,475 Furniture, Fixtures & Equipment Maint, Vehicle, Pick-Up Truck Dodge Ram ,000 Year 1 Total 816,467
Cash Flow Plan Details Category Description Cost Year 1: 2015 Paving Asphalt Overlay, 1.5" - Andalusia $66,547 Paving Asphalt Overlay, 1.5" - Veronese $50,186 Gutter Allowance $5,000 Misc Building Components Building Renovation Allowance - Ph 1 of 3 $470,000 Misc Building Components Plumbing Repiping Allowance - Ph 1 of 5 $180,000 Misc Site Improvements Pool Equipment, Pump/Motor/Filter Allowance - $ 1,000 Misc Site Improvements Pool Equipment, Solar Heating Equip - $ 3,000 Furniture, Fixtures & Equipment Computer Workstation - Office Bldg 1,297 Furniture, Fixtures & Equipment Furnishings Allowance - Office Bldg 10,000 Furniture, Fixtures & Equipment Furniture, Outdoor - Pool Decks 25,475 Furniture, Fixtures & Equipment Maint, Vehicle, Pick-Up Truck Dodge Ram ,000 Year 1 New Total $171,208
Proposed Reserve Expenditures Pool Equipment $ 1,000 Pool Heating Equipment $ 3,000 Furniture: Outdoor Pools $ 25,475 Maint, Pick-up truck (used) $ 20,000 Asphalt Overlay 1.5" (Andalusia) $ 66,547 Asphalt Overlay 1.5" (Veronese) $ 50,186 Gutters $ 5,000 Total $ 171,208
Total Operating Expenses + Reserves
Proposed Reserve Expenses
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