MASTERS AT DEACONS WALK 2010 BUDGET
INCOME	2008 Actual	2009 Budget	2009 est	2010 budget
Monthly dues	$190	$199	$199	$199
Total Monthly dues	$68,400	$71,640	$71,640	$71,640
EXPENSE
Grounds/Landscaping
Lawn/snow contract	$23,370	$23,400	$23,140	$23,140
Special lawn/snow	$0	$0	$250	$800
Irrigation repairs/Maintenance	$1,365	$1,600	$1,650	$1,800
Water - irrigation	$4,650	$7,000	$7,400	$7,400
Pond Maintenance	$729	$750	$739	$750
Grounds/shrubs/trees	$2,108	$1,000	$2,135	$2,155
Maintenance and Repairs
Exterior repairs	$11,788	$1,500	$0	$0
Painting	$0	$3,000	$0	$0
Professional fees
Legal and accounting	$200	$200	$0	$15,500
Management fees	$7,020	$7,020	$7,020	$7,020
Taxes/Insurance
Insurance	$16,514	$18,280	$17,201	$19,855
Taxes	$0	$0	$2,123	$150
Administrative
Bank charges (safe deposit box)	$20	$0	$20	$20
Social	$401	$750	$600	$750
Transfer to Reserves	$7,500	$7,140	$7,140	$7,200
Miscellaneous	$751	$0	$110	$100
Total Expenses	$76,416	$71,640	$69,528	$86,640
Income - Expense	-$8,016	$0	$2,112	-$15,000
Special lawn/snow is dethatch and sand
Exterior repairs and painting on hold pending CDL outcome.
Insurance increased from $1,205 to $1563 in June 2009 (a 30% increase).
Plan on a 10% increase in 2010.
5*$1,563 + 7*$1,720 = $19855
Prior year operating income of $15,000 is budgeted for 2010 legal fees.
Our intention is to move any of the $15,000 that is not spent on legal fees in 2010 to reserves.