| INCOME | Annual | |
A. RESIDENCE ASSESSMENTS |
||
| "Market Residences" | (60 residences @ $3,000/year) | $194,400 |
| "Affordable Residences" | (20 residences @ $1,500/year) | $32,400 |
TOTAL INCOME |
$226,800 |
|
EXPENSES |
Annual |
|
A. GENERAL |
||
| Accounting/Bookeeping/Management | $10,000 | |
| Office Expenses | $1,000 | |
| Legal | $1,000 | |
| Regulatory Monitoring | ($75/year/affordable unit) | $1,500 |
| Capital Reserve | $8,000 | |
| Insurance | $27,000 | |
B. REPAIRS & MAINTENANCE |
||
| General | $1,800 | |
| House Washing & Windows | (pressure wash once per year) | $12,000 |
| Landscaping | (includes spring & fall clean-ups) | $95,000 |
| Sprinkler System | (open & close system) | $3,500 |
| Fertilizer Program | (Chemlawn or comparable) | $5,000 |
| Snow Removal - Driveways | (10 storms per year - includes salt) | $28,000 |
| Snow Removal - Roads | (10 plowings only & 15 sandings only) | $15,000 |
| Sweeping | (roads & sidewalks) | $2,500 |
C. UTILITIES |
||
| Electric - Street Lights, etc. | $2,500 | |
TOTAL EXPENSES |
$226,800 |
|
| ANNUAL ASSESSMENT - "MARKET RESIDENCES" | $3,240 | |
| MONTHLY ASSESSMENT - "MARKET RESIDENCES" |
$270 |
|
| ANNUAL ASSESSMENT - "AFFORDABLE RESIDENCES" | $1,620 | |
| MONTHLY ASSESSMENT - "AFFORDABLE RESIDENCES" | ||