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DEER CREEK
HOMEOWNERS' ASSOCIATION 2010 Financial Statement & 3 Year Financial Plan
Presented and Approved at the 2011 Homeowners' Meeting
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Three Year Financial Plan |
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Items |
YEAR 2010 BUDGET |
2011 |
Directional |
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| BUDGET |
Actual |
BUDGET |
YEAR 2012 |
YEAR 2013 |
|
| 1 |
ANTICIPATED DUES |
160 |
$
12,000 |
$
12,200 |
160 |
$
12,000 |
160 |
$
12,000 |
160 |
$
12,000 |
1 |
| 2 |
OPERATING EXPENSES |
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2 |
| 3 |
Electrical (DTE) |
$ 660 |
$
671 |
$ 680 |
$ 700 |
$ 700 |
3 |
| 4 |
Water (City of
Livonia) |
$ 1,380 |
$
1,683 |
$ 1,504 |
$
1,504 |
$
1,504 |
4 |
| 5 |
Electrical Repairs
(Entrances) |
$ 200 |
$
65 |
$ 100 |
$ 150 |
$ 150 |
5 |
| 6 |
Interior
Island Maintenance (Weed Control, Fertilizer, Mulch, Mowing, Clean-up). |
$ 5,080 |
$
5,340 |
$ 5,340 |
$
5,554 |
$
5,776 |
6 |
| 7 |
Entrance
Maintenance (Weed Control, Fertilizer, Mulch, Annuals/Perennials, Clean-up). |
$ 2,000 |
$
1,299 |
$ 2,000 |
$
2,000 |
$
2,000 |
7 |
| 8 |
Web Site |
$ 250 |
$
228 |
$ 100 |
$ 50 |
$ 50 |
8 |
| 9 |
Holiday Decorations
(Entrances) |
$ 300 |
$
158 |
$ 150 |
$ 150 |
$ 150 |
9 |
| 10 |
Welcome Committee |
$ 50 |
$
24 |
$ 50 |
$ 50 |
$ 50 |
10 |
| 11 |
Printing, Postage
& Meeting fee |
$ 350 |
$
350 |
$ 350 |
$ 350 |
$ 350 |
11 |
| 12 |
Miscellaneous |
$ 150 |
$
- |
$ 158 |
$ 166 |
$ 166 |
12 |
| 13 |
Filing Fees |
$ 20 |
$
20 |
$ 20 |
$ 20 |
$ 20 |
13 |
| 14 |
TOTAL OPERATING
EXPENSES |
$ 10,440 |
$ 9,837 |
$
10,452 |
$
10,694 |
$
10,916 |
14 |
| 15 |
PROJECTS |
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15 |
| 16 |
2011 Projects |
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16 |
| 17 |
Gill Road Sign Repair |
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$ 100 |
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17 |
| 18 |
Consultant for street sign
investigation |
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$ 500 |
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18 |
| 19 |
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19 |
| 20 |
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20 |
| 21 |
2010 Projects |
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21 |
| 22 |
Re-Landscape
Bicentennial park entrance |
$ 300 |
$
124 |
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22 |
| 23 |
Isle#5 Tree
Replacement |
$ 400 |
$ 399 |
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23 |
| 24 |
TOTAL PROJECT EXPENSES |
$ 700 |
$ 523 |
$ 600 |
$ - |
$ - |
24 |
| 25 |
TOTAL EXPENSES |
$11,140.00 |
$10,360.68 |
$11,052 |
$10,694 |
$10,916 |
25 |
| 26 |
Revenue minus Expenses |
$860.00 |
$1,839.32 |
$948.00 |
$1,306.00 |
$1,084.00 |
26 |
| 27 |
Year Start
Checkbook Balance |
|
$1,714.55 |
$3,553.87 |
$4,501.87 |
$5,807.87 |
27 |
| 28 |
Year End
Checkbook Balance |
$1,714.55 |
$3,553.87 |
$4,501.87 |
$5,807.87 |
$6,891.87 |
28 |
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Cumulative checkbook balance
increase for future projects |
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$1,839 |
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$2,787 |
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$4,093 |
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$5,177 |
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