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(Link To Budget Account Notes)
DERWOOD STATION SOUTH HOA, INC. BOARD APPROVED 2010 BUDGET




2,010 2,009 2,009 2,008 2,007
Acct. Account Description Budget Budget Actual Actual Actual

INCOME




6310 Homeowner Fees 54,529 54,529 38,512 36,452 39,790
6311 Pre-Paid Assessments 0 0 234 15,571 18,557
6340 Late Fees 250 200 420 375 390

Fees and Reimbursements


1,162 250

Total Operating Income 54,779 54,729 39,166 53,560 58,987
53xx/54xx Interest Income 4,500 4,500
7,484 7,045

Total Income 59,279 59,229 39,166 61,044 66,032








EXPENSE




7005 Architectural Review Expense 0 0 20 150 0
7010 Audit Fee 1,900 1,600 1,750 1,780 1,575
7050 Committee Expense 500 500 0 0 0
7060 Court Costs 0 0 30 0 94
7085 HOA Comm. Exp. $3.00 per unit per yr. 702 520 693 520 520
7090 HOA Depository Filing Fee(s) 0 0 0 0 0
7110 Insurance 1,750 1,600 1,429 1,428 1,427
7130 Legal Fees 1,200 1,200 118 887 130
7140 Personal Process Server (MTM) 0 0 0 150 300
7150 Licenses General 0 0 0 0 0
7170 Management Fee Other 1,000 1,500 462 1,664 1,208
7185 Mgmt. Adm. Chg. - Notice of Intent/Lien 0 0 0 100 300
7190 Mgmt. Adm. Chg. - Lien Filing & Rel. Chg. 0 0 0 0 300
7210 Mgmt. Adm. Chg. - Resale Certificate 0 0 0 0 0
7230 Meeting Expense 75 45 341 77 40
7250 Newsletter/Communication 0 0 0 276 0
7290 Office Supply & Expense 350 250 384 94 524
7330 Postage 875 750 599 963 869
7350 Printing and Duplicating 1,000 1,500 928 277 759
7390 Reserve Study 0 0 1,175 1,175 0
7400 Social - Annual Picnic 1,000 1,000 432 495 790
7600 Federal Income Tax 1,100 1,200 1,050 816 1,076
7620 State Income Tax 700 600 372 420 539
7640 Taxes Other 0 0 0 0 0
7890 Misc. General & Administrative 100 0 95 0 0
9060 Common Area R & M 0 0 165 0 0
9190 Fence Repairs 0 0 0 0 6,706
9490 Signs/Repairs & Replacement 0 0 5 0 0
9510 Tot Lot Maintenance 800 700 0 0 0
9525 Tree Maintenance 2,000 0 1,600 105 190
9610 Lawn Maintenance 24,080 24,080 16,856 23,380 23,145
9800 Snow Removal from Common Sidewalks 1,000 800 925 240 120
9860 Property Management Service 14,500 14,282 10,712 14,071 13,935

Total Operating Expenses 54,632 52,127 40,138 49,067 54,547
9990 Capital Reserve Funding 2,160 2,160 1,620 2,101 1,925

Total Expenses 56,792 54,287 41,758 51,167 56,472

NET SURPLUS (DEFICIT) 2,487 4,942 (2,592) 9,877 9,560