656e15

Irongate Annual Treasurer Report Units Per unit INCOME Annual assessments Pool membership fees Other revenues Total revenues Operating expenses: 6040 CONTRACTED LAWN SERVICE General maintenance + repairs Total maintenance Electric / water / trash Pool expenses (operating costs) Management company Insurance Commuications (postage, website, supplies) Legal + other Total admin Total operating expenses Collections Legal expense - collections Less: charged back to owners Net collections Total expenses Surplus (defict) before reserves BUDGET FOR NON-RECURRING ITEMS (to be funded from Reserves) Pool repairs (est) Deferred maintenance + Contingencies Funds on hand as of 8/31/2024 (most recent ROG report) Operating account To cover: remaining 2024 budget expenses Est 45 days 2025 expenses until next collection cycle Reserve account (see above for estimated needs)2023 ActualAnnual Budget 2024Proposed Budget 469 469 469 163.00 172.00 182.00 5.8% 74,059 80,668 85,358 5.8% 15,955 17,000 18,020 6.0% 9,753 1,000 1,000 99,767 98,668 104,378 16,950 18,000 18,900 5.0% 15,047 15,018 14,682 -2.2% 31,997 33,018 33,582 1.7% 9,987 10,150 11,505 13.3% 13,892 18,325 17,350 -5.3% 11,935 12,500 13,000 4.0% 19,428 10,800 14,441 33.7% 5,686 8,500 8,900 4.7% 5,299 5,375 5,600 4.2% 42,348 37,175 41,941 12.8% 98,225 98,668 104,378 5.8% 1,160 2,500 3,500 40.0% -550 -2,500 -3,500 40.0% 610 0 0 98,835 98,668 104,378 5.8% 932 0 0 49,000 11,000 8/31/2024 $69,992 $56,475 $12,626 $63,446