1. SAVANNAH AT TURTLE ROCK
BUDGET OVERVIEW
2018

2. 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

3. 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

4. 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2017 expense $8487 which included the replacement of 12 outdated irrigation timers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

5. 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

6. 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 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

7. 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 Cost $2300 per year
2017 expense $11588
2018 budget $3000
$3.05 per month per household

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. 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

16. 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

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

18. 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

19. 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

20. 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