The Great Island budget is used to assess each unit an equal proportion of the cost of operating the community. If costs exceeds the budgeted amount, a special assessment is made to all units.
ASSUMPTION: 451 homes paying $250 per month in July, 2010 (i.e.. annual average).
|
Great Island
Budget Estimates
|
Next Year's
Budget
(Projected) |
$1,311,548 |
| Download |
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Income vs. Expenses (Year to Year)
|
Great Island
Year To Year
Income vs Expenses
|
|
YEAR
|
2009
|
2010
|
2011
|
2012
|
2013
|
| Income (Actual) |
$1,078,153 |
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|
|
|
| Expenses (Actual) |
$969,630 |
|
|
|
|
| Surplus / (Deficit) |
$34,080 |
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Great Island Reserve Funds
|
Great Island
Reserve Funds
|
|
2009 (YTD) |
| Asset Replacement Reserve* |
$327,617 |
| Working Capital Reserve |
$211,000 |
| TOTAL |
$538,617 |
*6% of income goes into the Asset Replacement Reserve.
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