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COLTON MEADOW HOMEOWNERS ASSOCIATION OPERATING BUDGET APRIL 2010 - MARCH 2011
OPERATING EXPENSES
| ADMINISTRATIVE |
$1,400.00 |
LAWN MAINTENANCE
- Entry Areas
- Private Open Space
- Storm Water Management Area
(Playground area included)
| $17,100.00
|
OPEN SPACE IMPROVEMENT
|
$2,000.00 |
SNOW REMOVAL/PLOWING
| $3,000.00 |
$1,000,000 PROPERTY/LIABILITY INSURANCE
|
$1,500.00 |
STORM WATER MANAGEMENT MAINTENANCE
|
$5,500.00 |
RESERVES PER BUDGET
| $1,640.00 |
TOTAL EXPENDITURES (12 MONTHS)
|
$32,140.00 |
RESERVE BUDGET
|
Total Cost
|
Useful Life
|
Per 12 Months
|
RECREATION FACILITY
REPAIRS & PLAYGROUND COURT
|
|
|
$600.00 |
PLAYGROUND EQUIPMENT
|
$12,545.00 |
25 YRS
|
$500.00 |
STORM WATER MAINTENANCE
|
|
|
$200.00 |
SIDEWALK REPAIRS
|
|
|
$340.00 |
TOTAL RESERVE BUDGET (12 MONTHS)
|
|
|
$1,640.00 |
TOTAL BUDGET
|
$32,140.00 |
COST PER HOUSEHOLD FOR YEAR 2010/2011
|
$270.00* |
* Budget does not include community events (i.e. Easter Egg Hunt, Halloween Parade, etc.)
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