2023 Estimated Final Account Balances
Emergency Operations Fund as of 9/30/23 – $10,024.31
Emergency Lake Fund as of 9/30/23 – $8,021.15
Checking as of 9/30/23 – $15,038.80 (Est. EOY Balance) 12,838.80
Total Estimated Assets 12/31/23
$33,084.61
2024 Annual Dues Amount @ $100.00 per property
2024 Projected Annual Dues Revenue $9,500.00*
2024 Estimated Lien Recovery $2,000.00
Total $11,500.00
2024 Projected Operating Expenses
1) Property Taxes 100.00
2) Association Insurance 1100.00
3) State Corporation Dues 50.00
4) Mailbox Rental 300.00
5) Utilities 400.00
6) Website 150.00
7) Entrance & Lake Landscape Services including pine straw 9,500.00
8) Miscellaneous Operating Expenses** 2200.00
9) Administrative 400.00***
Total Estimated 2024 Operating Expense 14,200.00
* Based on Annual Assessed dues of $100.00 dollars at 65% recoveryof 147 properties. Collections as of 9/30/23 for 2023 are 102 of 147 = 69% paid.
** Lake Path maintenance, tree trimming and removal, pressure washing of highlight fences and street signs, etc.
***Office supplies, costs of annual newsletter/dues notice, filing/releasing of liens, etc.