2011 Budget - Central Park Master Association

CENTRAL PARK MASTER ASSOCIATION
SHELBY TOWNSHIP
2011 Budget
Lots	742														(A)	(B)	(C)		(A) - (B)	(A) - (C)	(B) - (C)
															Proposed Budget	Actual	Budget		Var to 2010 Act	Var to 2010 Budget	2010 Act vs. Budget
			Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	2011	2010	2010
Administrative Expense
	Office Supplies		(29)	(29)	(29)	(29)	(29)	(29)	(29)	(29)	(29)	(29)	(29)	(29)	(350)	(252)	(350)		(98)	-	98
	Postage		(50)	(50)	(50)	(50)	(50)	(50)	(50)	(50)	(50)	(50)	(50)	(50)	(600)	(192)	(600)		(408)	-	408
	Duplicating		(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(500)	(248)	(500)		(252)	-	252
	Management Fees		(650)	(650)	(650)	(650)	(650)	(650)	(650)	(650)	(650)	(650)	(650)	(650)	(7,800)	(8,107)	(7,800)		307	-	(307)
	Legal Expense		(83)	(83)	(83)	(83)	(83)	(83)	(83)	(83)	(83)	(83)	(83)	(83)	(1,000)	(570)	(1,000)		(430)	-	430
	Audit & Tax Return		(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(42)	(500)		(500)		(500)	-	500
	Miscellaneous Administrative		(25)	(25)	(25)	(25)	(25)	(25)	(25)	(25)	(25)	(25)	(25)	(25)	(300)	(221)	(300)		(79)	-	79
	Sub Total		(921)	(921)	(921)	(921)	(921)	(921)	(921)	(921)	(921)	(921)	(921)	(921)	(11,050)	(9,590)	(11,050)		(1,460)	-	1,460
Utilities
	Electrical Power		(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(5,000)	(6,987)	(5,000)		1,987	-	(1,987)
	Water		-	-	-	(2,200)	(3,080)	(3,520)	(4,400)	(3,520)	(3,080)	(2,200)	-	-	(22,000)	(20,587)	(42,000)		(1,413)	20,000	21,413
	Sub Total		(417)	(417)	(417)	(2,617)	(3,497)	(3,937)	(4,817)	(3,937)	(3,497)	(2,617)	(417)	(417)	(27,000)	(27,574)	(47,000)		574	20,000	19,426
Building & Grounds
	Grounds Maintenance		(333)	(333)	(333)	(333)	(19,833)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(23,500)	(14,802)	(2,000)		(8,698)	(21,500)	(12,802)
	Lawn Mowing		-	-	-	(3,571)	(3,571)	(3,571)	(3,571)	(3,571)	(3,571)	(3,571)	-	-	(25,000)	(18,768)	(25,000)		(6,232)	-	6,232
	Lawn Fertilization		-	-	-	(1,143)	(1,143)	(1,143)	(1,143)	(1,143)	(1,143)	(1,143)	-	-	(8,000)	(6,624)	(8,000)		(1,376)	-	1,376
	Tree & Shrub Maintenance		-	-	(500)	(500)	(500)	(500)	(500)	(500)	(500)	(500)	-	-	(4,000)	(4,805)	(1,500)		805	(2,500)	(3,305)
	Sprinkler System Maintenance		-	-	-	(500)	(500)	(500)	(500)	(500)	(500)	(500)	-	-	(3,500)	(5,047)	(2,000)		1,547	(1,500)	(3,047)
	Pond Maintenance		-	-	-	(429)	(429)	(429)	(429)	(429)	(429)	(429)	-	-	(3,000)	(3,035)	(2,500)		35	(500)	(535)
	Snow Removal		(1,675)	(1,675)	(1,675)	-	-	-	-	-	-	-	-	(1,675)	(6,700)	(17,110)	(6,700)		10,410	-	(10,410)
	Road Salting		(2,150)	(2,150)	(2,150)	-	-	-	-	-	-	-	-	(2,150)	(8,600)		(8,600)		(8,600)	-	8,600
	Holiday Decorating		-	-	-	-	-	-	-	-	-	-	(1,500)	-	(1,500)	-	-		(1,500)	(1,500)	-
	Spring flower plantings		-	-	-	(1,500)	-	-	-	-	-	-	-	-	(1,500)		(1,500)		(1,500)	-	1,500
	Lighting Repairs		(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(417)	(5,000)	(6,024)	(5,000)		1,024	-	(1,024)
	Miscellaneous Maintenance		(125)	(125)	(125)	(125)	(125)	(125)	(125)	(125)	(125)	(125)	(125)	(125)	(1,500)	(4,596)	(1,500)		3,096	-	(3,096)
	Sub Total		(4,700)	(4,700)	(5,200)	(8,518)	(26,518)	(7,018)	(7,018)	(7,018)	(7,018)	(7,018)	(2,375)	(4,700)	(91,800)	(80,811)	(64,300)		(10,989)	(27,500)	(16,511)
Insurance & Reserves
	Liability Insurance/D & O Ins.		(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(4,000)	(3,064)	(4,000)		(936)	-	936
	General Operating Reserve		-	-	-	-	-	-	-	-	-	-	-	-	-		-		-	-	-
	Sub Total		(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(333)	(4,000)	(3,064)	(4,000)		(936)	-	936
	TOTAL EXPENSES		(6,371)	(6,371)	(6,871)	(12,389)	(31,269)	(12,209)	(13,089)	(12,209)	(11,769)	(10,889)	(4,046)	(6,371)	(133,850)	(121,039)	(126,350)		(12,811)	(7,500)	5,311
	DUES and INCOME
	Member Dues		45,786	45,786	45,786	-	-	-	-	-	-	-	-	-	137,358	157,383	140,691		(20,025)	(3,333)	16,692
	Allowance for Unpaid Dues				(400)	(400)	(400)	-	-	-	-	-	-	-	(1,200)	-	(1,200)		(1,200)	-	1,200
	Interest Income		83	83	83	83	83	83	83	83	83	83	83	83	1,000	-	1,000		1,000	-	(1,000)
	Other Income		-	-	-	-	-	-	-	-	-	-	-	-	-				-	-	-
	TOTAL DUES and INCOME		45,869	45,869	45,469	(317)	(317)	83	83	83	83	83	83	83	137,158	157,383	140,491		(20,225)	(3,333)	16,892
NET EXCESS/(DEFICIT)			39,499	39,499	38,599	(12,705)	(31,585)	(12,125)	(13,005)	(12,125)	(11,685)	(10,805)	(3,963)	(6,288)	3,308	36,344	14,141		(33,036)	(10,833)	22,203
	Cost per unit		$          (9)	$            (9)	$              (9)	$                 (17)	$               (42)	$             (16)	$          (18)	$             (16)	$            (16)	$              (15)	$              (5)	$                 (9)	$                     (180)	$             (163)	$               (170)
	Average per unit														$               185
	Builder Dues (rate per lot w/o Mgt. Fees or Reserves)														$                     (170)
	Investing	1.50%	77	127	175	159	119	104	88	73	58	45	40	32	1,096
	Cash:	2010
	Operating	22,217	61,716	101,214	139,813	127,107	95,522	83,397	70,391	58,266	46,581	35,775	31,813	25,525
	Reserve	18,076	18,076	18,076	18,076	18,076	18,076	18,076	18,076	18,076	18,076	18,076	18,076	18,076	CF Growth FY 2011
	Total Projected Cash	40,293	79,792	119,290	157,889	145,183	113,598	101,473	88,467	76,342	64,657	53,851	49,889	43,601	3,308
										12/31/2010 Reserve Balance			$   18,076
										Cash Needed for 10% Reserve				$    (13,385)
	Lot Count:					Builder Dues Calc:
		Total	Builder	Occupied									21,660
	Gardens	152	-	152		Total Expenses		(133,850)	(Note: Cash reserves excluded)				7,520
	Meadows	191	19	172		Less: Mgt fees		7,800					800
	Manors	166	52	114				(126,050)					23,560
	Kensington	233	109	124		Lots		742					17,440
		742	180	562				$       (170)					28,880
			(1)					(2)					32,680
							(1) * (2) =	$  (30,578)	Builder Dues 2011				160
													960
													960
													320
													160
													160
													320
													135,580