Number of Units 469 Frequency Annual For the year beginning 1/1/2020 and ending 12/31/2020 Category 2019 2020 BUDGET APPROVED Income: Assessments 60,970 64,628 Late Charges 0 Transfer of Equity (Prior Year) 51,420 60,000 Pool ReservationFees 12,500 13,000 Covenant Violation Fines 2,530 350 Legal Reimbursements 0 0 Allowance for Doubtful Accounts 0 0 Total: 127,420 137,978 Expenses: Grounds Maintenance: General Maintenance 3,200 3,200 Contracted Lawn Service 13,800 13,800 Additional Landscaping 950 950 Sign Maintenance 100 200 Repair/Maintenance-General 49,000 35,000 Backflow Testing 130 130 Total: 67,180 53,280 Pool: Contracted Pool Service 12,000 12,000 Pool Permits 245 245 Pool Equipment Repair 2,000 27,600 Rec Area Repairs/Maintenance 750 1,500 Pool Telephone/Internet 1,505 1,020 Pool Manager Stipend 300 Total: 16,500 42,665 Utilities: Electric 9,500 8,040 Water/Sewer 1,450 1,450 Trash Removal 250 280 Total: 11,200 9,770 Administration/Mngt.
Management Fee 12,600 12,600 Postage 1,600 1,300 Post Office Box & Storage 1,000 450 Copies/Printing/Supplies 5,895 2,500 Website Maintenance 500 300 CPA Services 320 340 Legal Fees 2,800 2,500 Legal Expense-Collections 0 0 Insurance & Bond 6,700 6,700 Common Property Taxes 325 350 Committees/Social 800 2,223 Reserve Study 3,000 Total: 32,540 32,263 Total Oper. Expenses 127,420 137,978 Total Reserves Expense 0 0 Total Expenses 127,420 137,978 Net Surplus (Deficit) 0 0 ASSESSMENTS Budget 2019 60,970 Budget 2020 64,628 ANN. FEE ANN. FEE # % TOTAL 2019 2020 UNITS INCREASE ANNUALLY $130.00 $137.80 469 6.00% 64,628 TOTAL 469 64,628Irongate Civic Association APPROVED BUDGET 2020