Deer Creek Homeowner's Association Budget

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DEER CREEK HOMEOWNER'S ASSOCIATION BUDGET Revised 4-26-18
  2017 BUDGET  2017 ACTUALS  Variance    2018 BUDGET  2019 BUDGET  2020 BUDGET 
INCOME               
               
Balance Brought Forward from Prior year  $9,188.91 $9,188.91   $6,662.06 $1,697.06 $2,702.06
Income:  165 Residents (note: for 2017 some payments were less than $100, some were more)  $16,500.00 $16,210.00 $290.00 $16,500.00 $16,500.00 $16,500.00
City of Livonia - Beautification Grant    $500.00 $500.00      
             
INCOME  $25,688.91 $25,898.91 $210.00 $23,162.06 $18,197.06 $19,202.06
             
             
OPERATING EXPENSES             
             
DTE  $730.00 $516.67 $213.33 $750.00 $770.00 $790.00
Water  $2,000.00 $1,436.20 $563.80 $2,000.00 $2,200.00 $2,200.00
Entrance and interior islands maintenance - weed control, fertilizer, mulch, mow, clean-up, trees, pines, etc.  $7,500.00 $6,615.25 $884.75 $8,000.00 $8,000.00 $8,000.00
Irrigation and irrigation repair - winterization, backflow testing, etc.  $825.00 $1,149.44 $324.44 $825.00 $825.00 $825.00
Tree Spray - Entrance and Island        $990.00    
Printing postage and meeting fee  $600.00 $369.79 $230.21 $500.00 $500.00 $500.00
Holiday decorations  $500.00 $19.05 $480.95 $400.00 $400.00 $400.00
Welcome committee, web updates and miscellaneous (ie. State of Michigan, bank fees, etc.)  $100.00 $60.00 $40.00 $100.00 $100.00 $100.00
             
             
             
OPERATING EXPENSES  $12,255.00 $10,166.40 $2,088.60 $13,565.00 $12,795.00 $12,815.00
             
PROJECTS             
             
8 Mile Entrance (center/left/right) $6,000.00 $8,384.25 $2,384.25 $0.00 $500.00 $1,000.00
Gill Entrance (left/right)  $2,000.00 $0.00 $2,000.00 $2,000.00 $500.00 $1,000.00
Bicentennial Entrance        $2,000.00 $0.00  
Research & Implement Electrical Upgrade for Entrance Lighting; potential fixes for 2018 and 2019  $2,000.00 $62.54 $1,937.46 $1,250.00 $500.00 $500.00
Tree trimming          $1,000.00  
Contingency - 8 Mile Contstructions Issues  $2,000.00 $623.66 $1,376.34 $250.00    
Website Design        $400.00 $200.00  
Deer Creek Sign Refresh        $2,000.00    
             
PROJECTS TOTAL  $12,000.00 $9,070.45 $2,929.55 $7,900.00 $2,700.00 $2,500.00
             
             
END BALANCE  $1,433.91 $6,662.06   $1,697.06 $2,702.06 $3,887.06
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Laura Thompson,
Jun 16, 2018, 7:35 PM
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