Village at Cedar Ridge H.O.A.

1999 Approved Operational Budget

VILLAGE AT CEDAR RIDGE HOMEOWNERS ASSOCIATION
ADOPTED 1999 OPERATING BUDGET
FOR PERIOD BEGINNING APRIL 1, 1999
BASED ON 159 HOMES AT PROJECT COMPLETION


DESCRIPTION

INSURANCE
COST/YR $1499.00
COST/HOME/MO $0.79

ELECTRIC
COST/YR $300.00
COST/HOME/MO $0.16

WATER
COST/YR $500.00
COST/HOME/MO $0.26

LANDSCAPE CONTRACT
COST/YR $10800.00
COST/HOME/MO $5.66

LANDSCAPE SUPPLIES AND EXTRAS
COST/YR $2000.00
COST/HOME/MO $1.05

LANDSCAPE BACKFLOW TEST
COST/YR $100.00
COST/HOME/MO $0.05

MISCELLANEOUS EXPENSE
COST/YR $1600.00
COST/HOME/MO $0.84

PROFESSIONAL MANAGEMENT
COST/YR $9420.00
COST/HOME/MO $4.94

TAX PREPARATION
COST/YR $200.00
COST/HOME/MO $0.10

PROVISION FOR ATTORNEY FEES
COST/YR $954.00
COST/HOME/MO $0.50

PROVISION FOR RESERVE
COST/YR $240.00
COST/HOME/MO $0.65

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TOTAL ASSESSMENT
COST/YR $28613.00
COST/HOME/MO $15.00
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This budget assumes no association responsibility for any fencing on property, front or rear yard landscaping of private homes or models, except as noted in the "Notes for 1999 Operating Budget" along alleys and one street, street lighting repair or operation, street maintenance or repair, or any kind of maintenance or repairs to dwellings.

Please see the Associated Web Page "Notes for 1999 Operating Budget" for more information on what is included in each of the categories.