SAVANNAH AT TURTLE ROCK BUDGET OVERVIEW 2018

OPERATING BUDGET EXPENSES Contracted Lawn Service Landscaping Monthly fee paid to Bloomings for maintaining lawns. This includes mowing, edging, trimming, fertilizing, irrigation inspection, weed control Monthly fee is $8118 and has not increased since contract inception in 2008. $99 per month per household Landscaping Removal and replacement of sod, bushes 2017 expense $5610 which includes the replacement of the six trees at entrance and purchase of bench in common area 2018 budget $8000 which includes the Hydretain application $8.13 per month per household

OPERATING BUDGET Mulch Yearly application of mulch to all properties and common areas and miscellaneous applications throughout the year 2017 expense $14,850 2018 budget $18,500 $18.80 per month per household

OPERATING BUDGET Irrigation Repairs Cost to repair irrigation system 2017 expense $8487 which included the replacement of 12 outdated irrigation timers 2018 budgeted $9000 which includes the new proactive approach recommended by Bloomings $9.15 per month per household

OPERATING BUDGET Common Property Repairs Cost to repair/replace items on common property such as mailboxes, lights at entrance area 2017 expense $235 2018 budget $600 $0.61 per month per household

OPERATING BUDGET Tree Trim and Removal Cost for trimming palms and oaks Every 3-5 years, oaks will be structurally pruned Half were done in 2014, half in 2015. Cost $8000- $10,000 Next restructuring in 2018 and 2019 2017 expense $6200 which included the trimming of the palm trees 2018 budgeted $15,000 which includes the restructuring of 50% of the oaks $15.24 per month per household

OPERATING BUDGET Street Light Maintenance Cost for inspecting and fixing street lights Refurbishment of 21 lights funded by budget surplus in 2017 Installation of 2 new lights funded by reserve in 2017 Street light maintenance contract for semi-annual inspection will commence in 2018. Cost $2300 per year 2017 expense $11588 2018 budget $3000 $3.05 per month per household

OPERATING BUDGET GAS Cost for lighting of the street lamps Yearly contract with Infinite energy to lock in rate. Renews in August 2017 expense $2026 2018 budget $2000 $2.03 per month per household

OPERATING BUDGET Electric Security Systems Monitoring Cost for the lights at the entrance of Savannah 2017 expense $388 2018 budget $450 $0.46 per month per household Security Systems Monitoring Cost for Central Systems to monitor alarm systems Eliminated from 2018 budget. Contract cancelled 12/31/17

OPERATING BUDGET Backflow Testing Management Fees Cost for testing 82 backflows Required every two years Entered into three year contract for $15 per home in 2017 Eliminated in 2018 budget. Next test required in 2019 and will be paid out of the reserve Management Fees Cost for the management of the community by Stacia Cost is $550 per month, $6.70 per month per household

OPERATING BUDGET Postage and Other Cost for communications from the management company to homeowners 2017 expense $1203 2018 budget $1100 $1.12 per month per household

OPERATING BUDGET Professional Fees Cost for association attorney, accountant to prepare income tax return and any other professional fees 2017 expense $6288 which includes the mapping of the preserve boundary 2018 budget $2000 $2.03 per month per household

OPERATING BUDGET Insurance Fees, Dues & Licenses Includes Commercial Package Policy, Umbrella Liability Policy and Crime 2018 expense $3000 Contract renews yearly in mid-November $3.05 per month per household Fees, Dues & Licenses Florida Department of State annual report filing Fee is $61.25 per year, $0.06 per month per household

OPERATING BUDGET Contingency Handle unforeseen expenses or expenses that do not fall into any other category such as social events, holiday bonus 2017 expense $805 2018 budget $1100 $1.12 per month per household

RESERVE BUDGET Paint – Light Poles & Mailboxes Asphalt Overlay Reserve monies for painting light poles and mailboxes Poles and mailboxes last painted 2013 Asphalt Overlay Reserve monies for road repaving Roads repaved in 2014

RESERVE BUDGET Sidewalk Concrete Maintenance Sidewalk Cleaning Reserve monies for repairing/replacement of sidewalks Reserve used as needed Sidewalk Cleaning Reserve monies for cleaning sidewalks Sidewalks and gutters cleaned December 2017

RESERVE BUDGET Pavers Reserve monies for repairing/replacement of pavers at entrance of Savannah Reserve used as needed

RESERVE BUDGET Landscaping Street Light Pole & Fixture Reserve monies for landscaping of common areas and in the event of major storm Reserve used as needed Street Light Pole & Fixture Reserve monies for repairing/replacement of light poles and fixtures Reserve used to install two new light poles in 2017

RESERVE BUDGET Backflow Testing Unallocated Interest Reserve monies for backflow testing every two years Next test in 2019 Unallocated Interest Interest on reserve monies on deposit

BUDGET PROCESS September – solicit input from board and management on expenses for the coming year October – present draft budget to board and homeowners for questions and input November – present final budget to board for approval