Park Paseo Homeowners Association Standard Audited Budget For 2011 Operating Replacement Asset ID Name Fund Fund Total 500 Revenues 505 Member Assessments 505.000.01 Member Assessmen Homeowners Association Fees $481,020.00 $141,480.00 $622,500.00 Member Assessments Total $481,020.00 $141,480.00 $622,500.00 520 Rental Income 520.000.01 Rental Income Clubhouse Rental Fee $0.00 $0.00 $0.00 Rental Income Total $0.00 $0.00 $0.00 530 Collections Income 530.000.01 Collections Inco Late Fees & Interest $0.00 $0.00 $0.00 Collections Income Total $0.00 $0.00 $0.00 540 Other Income 540.000.04 Other Income Recovery of Bad Debt $0.00 $0.00 $0.00 540.000.05 Other Income Miscellaneous Income $6,476.00 $0.00 $6,476.00 540.000.08 Other Income Sale of Easement $0.00 $0.00 $0.00 540.000.09 Other Income Other Charges to Owners $0.00 $0.00 $0.00 540.000.10 Other Income Other Income $25,324.00 $0.00 $25,324.00 Other Income Total $31,800.00 $0.00 $31,800.00 550 Investment Income 550.000.03 Investment Incom Investment Income $0.00 $3,422.00 $3,422.00 Investment Income Total $0.00 $3,422.00 $3,422.00 560 Income 560.000.01 Income Other Income $0.00 $0.00 $0.00 Income Total $0.00 $0.00 $0.00 Revenue Total $512,820.00 $144,902.00 $657,722.00 600 Expenses 640 Administrative 640.000.02 Administrative Office Supplies $0.00 $0.00 $0.00 640.000.03 Administrative Reserve Studies $1,700.00 $0.00 $1,700.00 640.000.04 Administrative Other Administrative Costs $0.00 $0.00 $0.00 640.000.05 Administrative General Administrative $7,521.00 $0.00 $7,521.00 640.000.07 Administrative Office supplies/printing/postage $8,989.00 $0.00 $8,989.00 Administrative Total $18,210.00 $0.00 $18,210.00 680 Communications 680.001 Community 680.001.02 Community Newsletters/Mailouts/Extras $0.00 $0.00 $0.00 Community Subtotal $0.00 $0.00 $0.00 Communications Total $0.00 $0.00 $0.00 700 Insurance 700.000.01 Insurance Insurance $17,240.00 $0.00 $17,240.00 Insurance Total $17,240.00 $0.00 $17,240.00 720 Landscaping 720.000.01 Landscaping Grounds & Landscaping - Contract $0.00 $0.00 $0.00 720.000.05 Landscaping Landscape Repair & Maintenance $164,289.00 $0.00 $164,289.00 720.000.07 Landscaping Landscape Expenses Total $0.00 $0.00 $0.00 720.000.08 Landscaping Landscape Expense $0.00 $0.00 $0.00 Landscaping Total $164,289.00 $0.00 $164,289.00 760 Professional Services 760.000.01 Professional Ser Audit & Tax Services $2,810.00 $0.00 $2,810.00 760.000.02 Professional Ser Legal Services $0.00 $0.00 $0.00 760.000.04 Professional Ser Management Fees $34,330.00 $0.00 $34,330.00 760.000.06 Professional Ser Salaries & Related $64,634.00 $0.00 $64,634.00 760.000.07 Professional Ser Legal and collection $3,378.00 $0.00 $3,378.00 760.000.08 Professional Ser Audit/tax preparation/reserve study $0.00 $0.00 $0.00 Professional Services Total $105,152.00 $0.00 $105,152.00 780 Property Protection 780.000.01 Property Protect Property Protection - Patrol Service $51,484.00 $0.00 $51,484.00 Property Protection Total $51,484.00 $0.00 $51,484.00 840 Repair & Maintenance 840.001 General Maintenance 840.001.05 General Maintena General Repair & Maintenance $46,811.00 $0.00 $46,811.00 840.001.10 General Maintena Other Repair & Maintenance $0.00 $0.00 $0.00 840.001.11 General Maintena Common Areas $0.00 $4,170.00 $4,170.00 840.001.12 General Maintena Deck $0.00 $0.00 $0.00 840.001.13 General Maintena Streets & Drives $0.00 $0.00 $0.00 General Maintenance Subtotal $46,811.00 $4,170.00 $50,981.00 840.002 Janitorial 840.002.04 Janitorial Janitorial Combined Costs $0.00 $0.00 $0.00 Janitorial Subtotal $0.00 $0.00 $0.00 840.004 Miscellaneous 840.004.03 Miscellaneous Pest Control $957.00 $0.00 $957.00 Miscellaneous Subtotal $957.00 $0.00 $957.00 840.006 Pool 840.006.03 Pool Pool Supplies/Repair & Maintenance $35,206.00 $1,232.00 $36,438.00 840.006.04 Pool Pool Maintenance Contract $0.00 $0.00 $0.00 840.006.05 Pool Pool Monitor $0.00 $0.00 $0.00 Pool Subtotal $35,206.00 $1,232.00 $36,438.00 840.007 Recreation 840.007.01 Recreation Recreation Supplies/Repair & Maintenan $0.00 $18,527.00 $18,527.00 840.007.02 Recreation Tot Lot $0.00 $0.00 $0.00 Recreation Subtotal $0.00 $18,527.00 $18,527.00 Repair & Maintenance Total $82,974.00 $23,929.00 $106,903.00 860 Utilities 860.000.01 Utilities Electric Service $26,853.00 $0.00 $26,853.00 860.000.02 Utilities Gas Service $11,635.00 $0.00 $11,635.00 860.000.03 Utilities Telephone Service $0.00 $0.00 $0.00 860.000.04 Utilities Trash and Recycling Service $1,357.00 $0.00 $1,357.00 860.000.05 Utilities Water Service $26,048.00 $0.00 $26,048.00 860.000.06 Utilities Utilities $0.00 $0.00 $0.00 Utilities Total $65,893.00 $0.00 $65,893.00 880 Taxes 880.000.01 Taxes Federal Income Tax $1,077.00 $195.00 $1,272.00 880.000.02 Taxes Federal Tax $0.00 $0.00 $0.00 880.000.03 Taxes State Tax $0.00 $0.00 $0.00 Taxes Total $1,077.00 $195.00 $1,272.00 900 Other Expenses 900.000.03 Other Expenses Loss on sale of investment $0.00 $0.00 $0.00 900.000.04 Other Expenses Miscellaneous $0.00 $0.00 $0.00 900.000.05 Other Expenses Bad debt expense $0.00 $0.00 $0.00 Other Expenses Total $0.00 $0.00 $0.00 920 Reserves 920.000.02 Reserves Lighting $0.00 $0.00 $0.00 920.000.07 Reserves Clubhouse Reserve $0.00 $23,140.00 $23,140.00 920.000.08 Reserves Trellis Reserve $0.00 $42,124.00 $42,124.00 920.000.09 Reserves Painting Reserve $0.00 $0.00 $0.00 920.000.10 Reserves Pool/Spa $0.00 $0.00 $0.00 920.000.14 Reserves Roof Building $0.00 $0.00 $0.00 920.000.18 Reserves Tennis Court $0.00 $0.00 $0.00 Reserves Total $0.00 $65,264.00 $65,264.00 Expense Total $506,319.00 $89,388.00 $595,707.00 Excess(deficiency) Total $6,501.00 $55,514.00 $62,015.00