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Appendix 5
SAMPLE BUDGET
And
FINANCIAL REVIEW
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SAMPLE BUDGET
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Balance Forward
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$ 2,500.00
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Income:
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Assessments
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$ 4,000.00
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Interest
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$ 50.00
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TOTAL INCOME
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$ 4,050.00
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TOTAL FUNDS AVAILABLE
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$ 6,550.00
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Expenses:
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Annual Billing/Newsletter
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Bulk Mail Permit
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$ 150.00
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Printing
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$ 1,000.00
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Postage
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$ 200.00
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Total
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$ 1,350.00
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Administrative Costs
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Supplies
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$ 400.00
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Postage Stamps
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$ 200.00
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Xerox
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$ 530.00
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Corp. filing fee
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$ 45.00
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CONO
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$ 25.00
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Total
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$ 1,200.00
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Clean-up Dumpsters
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$ 2,000.00
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Covenant Enforcement
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Legal Fees
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$ 400.00
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Restoration
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$ 300.00
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Filing Fees
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$ 200.00
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Total
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$ 900.00
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TOTAL EXPENSES
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$ 4,550.00
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Reserve Fund
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$ 2,000.00
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TOTAL FUNDS ALLOCATED
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$ 6,550.00
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SAMPLE FINANCIAL REVIEW
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CURRENT
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YEAR-TO-DATE
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BUDGET
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BEGINNING BALANCE:
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ENT $5,967.45
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BALANCE FORWARD (1-1-02)
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$12,109.49
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INCOME:
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DUES
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$ -
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$ 16,144.00
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$16,054.00
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INTEREST
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$ 6.89
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$ 68.68
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$ 120.00
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STATEMENTS
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$ 90.00
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$ 810.00
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$ 800.00
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DONATIONS
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$ -
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$ 1,267.16
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$ -
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SOCIAL
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$ -
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$ 107.16
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$ -
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ADMINISTRATION
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$ -
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$ 407.21
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$ -
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MEALS
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$ -
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$ 2,969.86
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$ -
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NEWSLETTER
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$ -
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$ 50.00
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$ -
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TOTAL INCOME
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$ 96.89
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$ 21,824.07
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$16,974.00
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TRANSFER FROM CD
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$ -
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$ -
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$ -
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TOTAL FUNDS AVAILABLE
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$29,083.49
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EXPENSES:
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NEWSLETTER/BILLING
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$ 422.94
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$ 1,770.60
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$ 2,320.00
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ADMINISTRATION
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$ 81.27
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$ 6,782.22
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$ 6,460.00
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MEETINGS
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$ -
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$ 87.00
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$ 50.00
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MAINTENANCE
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$ 450.00
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$ 6,151.50
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$ 6,550.00
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BOARD MEETINGS
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$ 4.42
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$ 151.26
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$ 890.00
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MEALS
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$ -
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$ 2,500.00
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$ 2,800.00
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STATE FEE
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$ -
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$ -
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$ 10.00
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EXPENSE
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$1,638.00
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$ 2,592.13
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$ 1,976.00
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EXPENSE
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$2,000.00
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$ 2,000.00
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$ -
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TOTAL EXPENSES
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$4,596.63
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$ 22,034.71
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$21,056.00
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TRANSFER TO CD
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$ -
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$ -
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$ -
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RESERVE FUND
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$ 8,027.49
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TOTAL FUNDS ALLOCATED
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$29,083.49
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ENDING BALANCE:
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CHECKING
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$ 1,462.64
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CD
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$10,649.83
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TOTAL
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$12,112.47
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Respectfully submitted,
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Susie Q.
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Treasurer
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