| Entrada Property Owners Association |
Budget Committee
| Chair: Terry Van Vorce |
| e-mail: treasurer@entradapoa.org |
| Phone: 762-3299 |
The report below shows actual income and operating expenses as of 31 December 2009.
The approved budget for 2010 is shown below
| EPOA 2010 APPROVED BUDGET |
| Category |
| Amount |
| Percent of Budget |
| Income |
| Annual Income |
| $101,700 |
| Percentage paid by year end† |
| 90% |
| Total Income |
| $91,530 |
| Expenses |
| Road maintenance |
| $66,000 |
| 72.11% |
| Management Company Fees |
| $15,000 |
| 16.39% |
| Liability Insurance |
| $2,000 |
| 2.19% |
| Legal fees |
| $2,430 |
| 2.65% |
| $100 |
| 0.11% |
| Taxes/licenses/permits |
| $1,650 |
| 1.80% |
| Postage/Newsletter/Web Page |
| $2,350 |
| 2.57% |
| Total Expenses |
| $91,530 |
| 100.0% |
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Save our Roads - Please Slow Down
D&O Insurance
Savings
| 2.19% |
| $2,000 |
PROPOSED EPOA BUDGET FOR 2011
REVISED
Category Amount Current Annual Assessment
Income
Annual Income (Based on 347 lots) $104,100.00 $300.00
Number of Lots 347
Percentage paid by year end 90%
Total Income $93,690.00
EXPENSES AMOUNT % OF BUDGET
Road Maintenance $66,500.00 70.98%
Management Company fee $15,000.00 16.01%
Accounting Fee $100.00 0.11%
Legal Fees $2,000.00 2.13%
Postage/Copies/Supplies $2,000.00 2.13%
Taxes/Licenses/Permits/Web Site $500.00 0.53%
D&O Insurance $750.00 0.80%
Liability Insurance $4,063.00 4.34%
Savings $2,777.00 2.96%
TOTAL EXPENSES $93,690.00 100.00%
NOTE: Additional funds collected become discretionary funds for use subject to board
approval
†Typically only 90% of the current year’s income is received by year’s end.
REVISED
Category Amount Current Annual Assessment
Income
Annual Income (Based on 347 lots) $104,100.00 $300.00
Number of Lots 347
Percentage paid by year end 90%
Total Income $93,690.00
EXPENSES AMOUNT % OF BUDGET
Road Maintenance $66,500.00 70.98%
Management Company fee $15,000.00 16.01%
Accounting Fee $100.00 0.11%
Legal Fees $2,000.00 2.13%
Postage/Copies/Supplies $2,000.00 2.13%
Taxes/Licenses/Permits/Web Site $500.00 0.53%
D&O Insurance $750.00 0.80%
Liability Insurance $4,063.00 4.34%
Savings $2,777.00 2.96%
TOTAL EXPENSES $93,690.00 100.00%
NOTE: Additional funds collected become discretionary funds for use subject to board
approval
†Typically only 90% of the current year’s income is received by year’s end.
ALTERNATIVE EPOA BUDGET - 2011
Category Amount Proposed 2011 Assessment
INCOME
Annual Income (Based an 339 Lots): $93,690.00 $270.00
Percent Paid @ year end: 90%
Total Income: $84,321.00
Number of Lots
347
EXPENSES Amount % of Budget
Road Maintenance $ 55,000.00 65.23%
Roadway Emergency $ 2,721.00 3.23%
Management Company fee $ 15,000.00 17.79%
D&O Insurance $ 800.00 0.95%
Liability Insurance $ 4,000.00 4.74%
Legal fees $ 2,000.00 2.37%
Taxes, Licenses & Permits $ 500.00 0.59%
Postage/Supplies/ Webpage $ 1,500.00 1.78%
Administrative Misc. $ 300.00 0.36%
Reserve Account Transfer $ 2,500.00 2.96%
Total Expenses: $ 84,321.00 100.00%
Note:
This budget is in response to savings realized and the potential for utilizing a
registered contractor to benefit from the current favorable bidding environment
in the area.
This proposed alternative budget may also anticipate additional savings from
liability insurance, by utilizing a licensed, bonded and insured contractor
to help assist with additional improvements to EPOAroads.
Note: Additional funds collected become discretionary funds and may be utilized subject to
board approval.