Treasury Report - 2023 Proj. Budget

Description Projected 2023 CostComment

Trash $ 21,400.00 Estimated 6% increase YoY

Grounds Maintenance (Standard) $ 13,250.00 Estimated 6% increase YoY

Capital Improvement Projects $ 5,000.00

Insurance $ 2,600.00 Estimated 6% increase

Accountant's Fees $ 2,100.00

Attorney's Fees $ 2,000.00

Community Appreciation Activities $ 1,000.00 Bank

Service Charges $ 875.00 Estimated at 1.75% of dues

Electric $ 732.00 Estimated 5% increase

Website $ 450.00

Write-Offs $ 200.00

Zoom Account $ 153.00

Postage $ 125.00

Supplies $ 100.00

PO Box Renewal $ 58.00

Total $ 50,043.00

Required HOA Dues Per Household to Fund $ 490.62 Suggest setting at $493 (10% increase from 2022)

Projected Fiscal Beginning Amount $ 46,500.00 Reserve plus capital projects fund