12/17/2015 Riverwalk Approved Budget For 2016 ****************************************** Note: Dues Remain at $600 per Qrt in 2016 ****************************************** Acct Desc 2016 Approved 2015 Income 6000 Owner Assessments -816000.00 -816000.00 6010 Interest Income Bank -84.00 -60.00 6030 Interest Income - Delinquencies -6000.00 -2071.00 6040 Late Fee Income -4000.00 -3000.00 6065 New Owner Application Fees -9000.00 -5000.00 6066 Renter Application Fees -7000.00 -4000.00 6080 Returned Check Fees -180.00 -70.00 6090 Boat Storage fees -6200.00 -6080.00 6110 Town Grants 0.00 0.00 6120 Miscellanouse income -600.00 0.00 6050 Estoppels Fees -6000.00 -1500.00 6115 HOA Unit Owner Fines -6000.00 0.00 6117 Background checks 0.00 0.00 6118 Kayak Storage Fees -1050.00 -50.00 6130 Pool/Boat Ramp Key Deposits -1200.00 0.00 --------- ---------- Total Income -863,314.00 -837,831.00 Administrative Expense: 7010 Property Management 153780.00 151000.00 7090 Audit Fees 5500.00 4950.00 7100 Accounting Contract 8580.00 10000.00 7110 Legal Fees 24000.00 15000.00 7120 Permits, Fees and Taxes 2000.00 1975.00 7130 Postage & Mail Handling 4200.00 3100.00 7140 Printing 2400.00 2200.00 7160 Insurance Expenses 30000.00 22000.00 7170 Office Expense 18000.00 15000.00 1315 Bad Debt 12000.00 36779.00 --------- --------- Total Administrative Expense 260460.00 262004.00 Utilities: 9010 Electricity 32000.00 31000.00 9020 Water & Sewer 5000.00 7159.00 9030 Telephone & Internet 45300.00 22000.00 9040 Trash Removal 3100.00 3100.00 8420 Cable TV 0.00 109752.00 -------- --------- Total Utilities Expense 85400.00 173011.00 Grounds: 8110 Landscape/Irrigation Contract 82500.00 81000.00 ???? Concrete Repair 15000.00 20000.00 8050 Plumbing 3600.00 5000.00 8200 Pool Repairs, Parts & Supplies 30000.00 25000.00 8130 Landscape Revitalization 3000.00 5000.00 8160 Tree Trimming 80000.00(1) 25000.00 8060 Fuel 1800.00 3200.00 8120 Irrigation Maintenance & Repair 5000.00 5000.00 8010 General Repair & Maintenance 21000.00 21000.00 ???? Keys/Door Repairs 0.00 1000.00 ???? Rain Gutter Cleaning 5000.00 5000.00 ???? Mangrove Trimming 0.00 3552.00 8040 Maintenance & Janitorial Supplies 0.00 6900.00 ???? Capital Expense Savings 149709.00(2)148239.00 8250 Code/Parking Enforcers 46625.00 46625.00 8100 Lake Maintenance 1500.00 1300.00 ???? Painting Buildings (From Savings) 72720.00(3) 0 ---------- --------- Total Grounds 517454.00 402816.00 ---------- --------- Net (Income-Expenses) 0.00 0.00 Notes: (1) $65,000 of this amount will come from savings for removal of 51 Live Oak Trees (2) Amount to be Added to Savings Account - See Savings Analysis (Exhibit 1) (3) Amount to be taken from Savings for Painting