Harpeth Trace Services Association

Proforma Budget Assumptions 2005-2011

Jan 29, 2006

Memo
To: Harpeth Trace Services Board Members
From: Susan G. Mitchell
Date: 1/15/2006
Re: Revised Assumptions for 2005 ?–2011


For the current draft of HTSA Proforma Budget, the following assumptions were used:

1. HTS monthly fees :
?• 2005: $20 (no change)
?• 2006 - 2008: $30 ($10 increase)
?• 2009 -2011: $35 ($5 increase)

2. Electricity: 2005 includes 8% increase scheduled in the Fall 2005. Increased by 3% in subsequent years.

3. Water, Repairs & Maintenance, Lawn Care: Increased 5% per year

4. Insurance: Increased 15% per year

5. Management Fees: Increased 3% per year

6. Reserve Transfers:
?• 2005: Actual $27,900 transferred to reserves
?• 2006 - 2008 : Assume $5,000 per month transferred to reserves
?• 2009 - 2010: Assume $6,000 per month transferred to reserves
?• 2011: Assume $5,800 per month transferred to reserves