Park Paseo Homeowners Association Standard Audited Budget For 2014 Operating Replacement Asset ID Name Fund Fund Total 500 Revenues 505 Member Assessments 505.000.01 Member Assessmen Homeowners Association Fees $523,524.00 $143,976.00 $667,500.00 Member Assessments Total $523,524.00 $143,976.00 $667,500.00 520 Rental Income 520.000.01 Rental Income Clubhouse Rental Fee $8,625.00 $0.00 $8,625.00 Rental Income Total $8,625.00 $0.00 $8,625.00 530 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 $850.00 $0.00 $850.00 540.000.08 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 $9,212.00 $9,330.00 $18,542.00 Other Income Total $10,062.00 $9,330.00 $19,392.00 550 Investment Income 550.000.03 Investment Incom Investment Income $0.00 $2,201.00 $2,201.00 Investment Income Total $0.00 $2,201.00 $2,201.00 560 Income 560.000.01 Income Other Income $0.00 $0.00 $0.00 Income Total $0.00 $0.00 $0.00 Revenue Total $542,211.00 $155,507.00 $697,718.00 600 Expenses 640 Administrative 640.000.02 Administrative Office Supplies $0.00 $0.00 $0.00 640.000.03 Administrative Reserve Studies $1,695.00 $0.00 $1,695.00 640.000.04 Administrative Other Administrative Costs $0.00 $0.00 $0.00 640.000.05 Administrative General Administrative $11,347.00 $0.00 $11,347.00 640.000.07 Administrative Office supplies/printing/postage $13,283.00 $0.00 $13,283.00 Administrative Total $26,325.00 $0.00 $26,325.00 680 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 $15,122.00 $0.00 $15,122.00 Insurance Total $15,122.00 $0.00 $15,122.00 720 Landscaping 720.000.01 Landscaping Grounds & Landscaping - Contract $0.00 $0.00 $0.00 720.000.05 Landscaping Landscape Repair & Maintenance $0.00 $0.00 $0.00 720.000.07 Landscaping Landscape Expenses Total $0.00 $0.00 $0.00 720.000.08 Landscaping Landscape Expense $158,714.00 $43,104.00 $201,818.00 Landscaping Total $158,714.00 $43,104.00 $201,818.00 760 Professional Services 760.000.01 Professional Ser Audit & Tax Services $1,800.00 $0.00 $1,800.00 760.000.02 Professional Ser Legal Services $0.00 $0.00 $0.00 760.000.04 Professional Ser Management Fees $80,400.00 $0.00 $80,400.00 760.000.06 Professional Ser Salaries & Related $0.00 $0.00 $0.00 760.000.07 Professional Ser Legal and collection $13,747.00 $0.00 $13,747.00 760.000.08 Professional Ser Audit/tax preparation/reserve study $0.00 $0.00 $0.00 Professional Services Total $95,947.00 $0.00 $95,947.00 780 Property Protection 780.000.01 Property Protect Property Protection - Patrol Service $34,427.00 $0.00 $34,427.00 Property Protection Total $34,427.00 $0.00 $34,427.00 840 Repair & Maintenance 840.001 General Maintenance 840.001.05 General Maintena General Repair & Maintenance $26,458.00 $0.00 $26,458.00 840.001.10 General Maintena Other Repair & Maintenance $0.00 $0.00 $0.00 840.001.11 General Maintena Common Areas $0.00 $0.00 $0.00 840.001.12 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 $26,458.00 $0.00 $26,458.00 840.002 Janitorial 840.002.04 Janitorial Janitorial Combined Costs $13,729.00 $0.00 $13,729.00 Janitorial Subtotal $13,729.00 $0.00 $13,729.00 840.004 Miscellaneous 840.004.03 Miscellaneous Pest Control $5,708.00 $0.00 $5,708.00 Miscellaneous Subtotal $5,708.00 $0.00 $5,708.00 840.006 Pool 840.006.03 Pool Pool Supplies/Repair & Maintenance $33,071.00 $51,999.00 $85,070.00 840.006.04 Pool Pool Maintenance Contract $0.00 $0.00 $0.00 840.006.05 Pool Pool Monitor $0.00 $0.00 $0.00 Pool Subtotal $33,071.00 $51,999.00 $85,070.00 840.007 Recreation 840.007.01 Recreation Recreation Supplies/Repair & Maintenan $0.00 $6,970.00 $6,970.00 840.007.02 Recreation Tot Lot $0.00 $0.00 $0.00 Recreation Subtotal $0.00 $6,970.00 $6,970.00 Repair & Maintenance Total $78,966.00 $58,969.00 $137,935.00 860 Utilities 860.000.01 Utilities Electric Service $31,286.00 $0.00 $31,286.00 860.000.02 Utilities Gas Service $13,838.00 $0.00 $13,838.00 860.000.03 Utilities Telephone Service $4,096.00 $0.00 $4,096.00 860.000.04 Utilities Trash and Recycling Service $2,261.00 $0.00 $2,261.00 860.000.05 Utilities Water Service $37,530.00 $0.00 $37,530.00 860.000.06 Utilities Utilities $0.00 $0.00 $0.00 Utilities Total $89,011.00 $0.00 $89,011.00 880 Taxes 880.000.01 Taxes Federal Income Tax $10.00 $609.00 $619.00 880.000.02 Taxes Federal Tax $0.00 $0.00 $0.00 880.000.03 Taxes State Tax $0.00 $0.00 $0.00 Taxes Total $10.00 $609.00 $619.00 900 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 $7,569.00 $0.00 $7,569.00 Other Expenses Total $7,569.00 $0.00 $7,569.00 920 Reserves 920.000.02 Reserves Lighting $0.00 $0.00 $0.00 920.000.07 Reserves Clubhouse Reserve $0.00 $35,497.00 $35,497.00 920.000.08 Reserves Trellis Reserve $0.00 $0.00 $0.00 920.000.09 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 $32,970.00 $32,970.00 920.000.18 Reserves Tennis Court $0.00 $0.00 $0.00 Reserves Total $0.00 $68,467.00 $68,467.00 Expense Total $506,091.00 $171,149.00 $677,240.00 Excess(deficiency) Total $36,120.00 $-15,642.00 $20,478.00