MAYFAIR AT JACARANDA HOMEOWNERS ASSOCIATION, INC.

2021 Proposed Budget Worksheet Projected line is actual expenses divided by 8 months times 12. This provides an average used to estimate the yearly expense
January 01, 2021 - December 31, 2021

Account Description Approved 2020 Budget Actual as of 09/30/20 2021 Projection 2021 Proposed Budget ACCOUNTANTS COMMENTS OR RECOMMENDATIONS PM AND/OR BOD'S FEEDBACK
Operating Income
4010 Maintenance Fees $ 135,760 $ 90,507 $ 135,761 $ 135,350
4050 Interest Income $ - $ -
4070 Screening/Application $ - $ - $ -
Total Operating Income: $ 135,760 $ 90,507 $ 135,761 $ 135,350

Operating Expenses:
Administrative
5005 Accounting Fees $ 1,200 $ - $ - $ 1,200 LEAVE AS IS - 1120H TAX PREPARATION AND FILLING
5030 Insurance $ 6,200 $ - $ - $ 6,200 INCREASE - 7% PROJECTION
5040 Legal $ 6,600 $ - $ - $ 4,000 DECREASE - TO ALIGN WITH CURRENT EXPENSES
5045 Licenses and Permits $ 220 $ - $ - $ 220 LEAVE AS IS
5025 Contingency $ 1,800 $ - $ - $ 1,500 DECREASE - TO ALIGN WITH CURRENT EXPENSES
5070 Office/Postage & Misc $ 1,322 $ 270 $ 360 $ 1,300 LEAVE AS IS - MINIMAL DECREASE
5075 Property Management Fee $ 14,388 $ 600 $ 799 $ 14,400 LEASE AS IS
Total Administrative: $ 31,730 $ 870 $ 1,159 $ 28,820

Contracts
5135 Janitorial Services $ 1,464 $ - $ - $ 1,464 LEAVE AS IS - NEED CONTRACT
5140 Lake Maintenance $ 1,370 $ 110 $ 165 $ 1,370 LEAVE AS IS - NEED CONTRACT
5145 Landscaping Maintenance $ 45,960 $ 2,715 $ 4,073 $ 45,960 LEAVE AS IS - NEED CONTRACT
Total Contracts: $ 48,794 $ 2,825 $ 4,238 $ 48,794

Repairs & Maintenance

5220 Common Area Maintenace - Pressure
5240 Gate Repairs and Maintenance
5245 General Repairs and Maintenance
5249 Mailbox Repair and Maintenance
5255 Landscape Improvement
5247 Irrigation/Sprinklers
5290 Tree Trimming/Removal
Total Repairs & Maintenance:
$ 1,500 $ - $ - $ 1,500 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
$ 1,000 $ - $ - $ 1,000 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
$ 2,000 $ 975 $ 1,463 $ 4,500 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
$ 200 $ - $ - $ 200 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
$ 11,000 $ - $ - $ 11,000 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
$ 1,950 $ - $ - $ 1,950 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
$ 5,400 $ - $ - $ 5,400 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
$ 23,050 $ 975 $ 1,463 $ 25,550

Utilities
5330 Electric $ 7,200 $ - $ - $ 7,200 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
5350 Telephone $ 1,500 $ - $ - $ 1,500 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
5370 Water $ 2,240 $ - $ - $ 2,240 HAVE NOT RECEIVED YTD GL FROM ATLANTIS
Total Utilities: $ 10,940 $ - $ - $ 10,940

Reserves
6006 Capital Improvement $ 17,788 $ - $ - $ 17,788 NEED REPLACEMENT COSTS AND REMIANING USEFUL LIFE
6019 Mechanical Equipment $ 773 $ - $ - $ 773 NEED REPLACEMENT COSTS AND REMIANING USEFUL LIFE
6020 Paving $ 2,685 $ - $ - $ 2,685 NEED REPLACEMENT COSTS AND REMIANING USEFUL LIFE
Total Reserves: $ 21,246 $ - $ - $ 21,246

Total Operating Expenses: $ 135,760 $ 4,670 $ 6,859 $ 135,350

Estimated Balanace as of Estimated Remaining Estimated Remaining Useful

Description Estimated Replacement Cost 12/31/20 Reserve to Fund Estimated Useful Life Life
Capital Improvement $0
Mechanical Equipment $0
Paving $0
Total $0 $0 $0

Quarterly Maintenance Fees

2020 Approved 2021 Proposed
# of Units Maintenance Maintenance
109 $ 310 $ 310