Twelve Oaks at Hampton Homeowners Association					Thursday		November 9, 2006 Meeting
Proposed Budget for 2007
INCOME:
Association Dues:
	45 Occupied Units @ $26/month * 12 months					$14,040
	6 Unoccupied Units @ $26/month * 6 months					$936
							$14,976
12 Oaks Condo Community Fee							$3,120
52 Units * $5/month * 12 months
Subtotal								$18,096
EXPENSES:
Common Grounds:
	Mowing - $140 * 28 * 7% sales tax					$4,194
	Lawn Fertilization - 5 step * $260 * 7% sales tax					$1,391
	Oak Tree Fertilization - $15 *47 * 7% sales tax					$754
	Pine Tree Fertilization - $15 * 40 * 7% sales tax					$642
	Spring Cleanup - $975 * 7% sales tax					$1,043
	Mulching, Edging, Trimming Trees on Scarlet Oak * 7% sales tax					$722
							$8,746
Insurance:
	Directors and Officers Liability					$401
	Property					$867
	Umbrella					$535
	Bonding					$250
							$2,053
Electricity for Sign Lights							$500
Web Site Hosting Fee							$150
Miscellaneous							$1,000
Reserve Fund:
	45 Occupied Units @ $2/month * 12 months					$1,080
	6 Unoccupied Units @ $2/month * 6 months					$72
							$1,152
Declarant Fee:
	45 Occupied Units @ $10/month * 12 months					$5,400
	6 Unoccupied Units @ $10/month * 6 months					$360
							$5,760
Subtotal								$19,361
Total (Deficit)/Surplus								($1,265)
(Deficit)/Surplus / lot / month								($2.20)

 

Proposed Budget for 2007

(Actual 2007 Budget coming soon!)