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  • Vr1047 Budget

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    Mike Stewart
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    The annual budget for Chelsea Terrace covers revenue, expenses, and reserves for the period of January 2012 through December 2012. Total projected revenue is $369,438.50 from sources like interest income, fees, and owner contributions. Total expenses are budgeted at $369,438.50 and include administrative, employee, utility, maintenance, and contingency reserve expenses. Major expenses include management fees, wages, utilities, landscaping, elevator repairs, and contributions to reserve funds. The budget projects a balanced budget with total revenue equal to total expenses and reserves for the year.

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    The annual budget for Chelsea Terrace covers revenue, expenses, and reserves for the period of January 2012 through December 2012. Total projected revenue is $369,438.50 from sources like interest income, fees, and owner contributions. Total expenses are budgeted at $369,438.50 and include administrative, employee, utility, maintenance, and contingency reserve expenses. Major expenses include management fees, wages, utilities, landscaping, elevator repairs, and contributions to reserve funds. The budget projects a balanced budget with total revenue equal to total expenses and reserves for the year.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    26 views2 pages

    Vr1047 Budget

    Uploaded by

    Mike Stewart
    The annual budget for Chelsea Terrace covers revenue, expenses, and reserves for the period of January 2012 through December 2012. Total projected revenue is $369,438.50 from sources like interest income, fees, and owner contributions. Total expenses are budgeted at $369,438.50 and include administrative, employee, utility, maintenance, and contingency reserve expenses. Major expenses include management fees, wages, utilities, landscaping, elevator repairs, and contributions to reserve funds. The budget projects a balanced budget with total revenue equal to total expenses and reserves for the year.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Chelsea Terrace (vr1047)

    Page 1

    Annual Budget
    Period = Jun 2012 Book = Accrual 01/2012 - 12/2012 REVENUE Interest Income Fobs/Keys/Remotes Laundry Income Locker Room Rental MoveIn/Out Fee Parking Income Prior Years Surplus Owners' Contributions TOTAL REVENUE OPERATING EXPENSES ADMIN EXPENSES Statutory Review of Trust Accounts Additional Services Bank Charges Miscellaneous Insurance Deductibles / Claims Insurance Premium Legal Fees Management Fees Postage/Copies/Office Exp. TOTAL ADMIN EXPENSES EMPLOYEE EXPENSES Wages Caretaker Workers' Compensation TOTAL EMPLOYEE EXPENSES UTILITY EXPENSES Telephone Electricity Gas Water & Sewer TOTAL UTILITY EXPENSES CONTRACT & BUILDINGS EXPENSES Alarm Monitoring Elevator & License Emergency Generator Enterphone Fire Protection Garbage & Recycling HVAC Contract Landscaping Pest Control TOTAL CONTRACT & BLDG EXPENSES REPAIRS & MTCE EXPENSES Carpet Cleaning Elevator Upgrades Fire Equipment Garage Door Repairs & Maintenance Irrigation Grounds Improvements Lighting Locks/Keys Mechanical Parking Lot Cleaning Plumbing Repairs Power Washing Roof Repairs Security Snow Removal 500.00 500.00 17,000.00 750.00 1,300.00 29,880.00 25,000.00 294,508.50 369,438.50

    450.00 448.00 300.00 750.00 10,000.00 32,750.00 1,000.00 30,342.12 2,000.00 78,040.12

    33,036.50 350.00 33,386.50

    1,900.00 31,350.00 22,500.00 22,935.00 78,685.00

    480.00 11,000.00 1,200.00 975.00 2,250.00 12,950.00 2,105.60 5,200.00 4,500.00 40,660.60

    2,000.00 5,000.00 2,750.00 1,000.00 40,000.00 750.00 1,500.00 1,000.00 750.00 7,500.00 1,000.00 5,000.00 8,000.00 4,000.00 1,000.00 1,500.00 Monday, June 04, 2012 11:27 AM

    Chelsea Terrace (vr1047)

    Page 2

    Annual Budget
    Period = Jun 2012 Book = Accrual Supplies Window Cleaning Window Repairs TOTAL REPAIRS & MTCE EXPENSES RECREATION FACILITIES Pool / Spa Chemicals Pool / Spa Maintenance TOTAL RECREATION FACILITIES CRF & OTHER BUDGETED RESERVES Contingency Reserve Fund Elevator Fund TOTAL CRF & BUDGETED RESERVES TOTAL EXPENSES / RESERVES 01/2012 - 12/2012 2,000.00 3,500.00 4,500.00 92,750.00

    250.03 2,500.00 2,750.03

    28,166.25 15,000.00 43,166.25 369,438.50

    Monday, June 04, 2012 11:27 AM

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