2010 Pinehills Budget Estimate
The Pinehills budget is used to assess each unit a proportion of the cost of operating the development based on the number of votes held by each unit (residential units have one vote). If costs exceeds the budgeted amount, a special assessment is made to all units for common expenses or to all units within a district for district expenses.
In 2010, the cost of running the community is expected to increase by about 13%.
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The Pinehills
2010 Budget Estimate
|
| YEAR |
2006 |
2007 |
2008 |
2009 |
2010 |
Expenses
(Previous Year) |
$540,071 |
$647,136 |
$904,933 |
$952,619 |
$1,021,975 |
Next Year's
Budget
(Projected) |
$786,769 |
$945,661 |
$1,033,394 |
$1,083,537 |
$1,153,925 |
| % Increase |
46% |
46% |
14% |
14% |
13% |
| Download |
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Fiscal Year 2009 produced a surplus.
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The Pinehills
Year To Year
Income vs Expenses
|
| YEAR |
2009 |
2010 |
2011 |
2012 |
2013 |
| Income (Actual) |
$1,127,033 |
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| Expenses (Actual) |
$1,021,972 |
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| Surplus / (Deficit) |
$105,061 |
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The Pinehills Reserve Funds
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The Pinehills
Reserve Funds
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2009 |
| Asset Replacement Reserve* |
$135,000 |
*1% of income goes into the Asset Replacement Reserve.
2010 Pinehills Assessments
The 2010 budget calls for the monthly association fee to increase to $54 per month.
|
The Pinehills
Assessment
|
| YEAR |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
| FEE |
$32 |
$39 |
$48 |
$48 |
$50 |
$54 |
| % INCREASE |
|
22% |
23% |
0% |
4% |
8% |
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