RMRA Year 2002 Budget Summary and Year 2003 Proposed Budget
Presented at the RMRA General Membership Meeting, February 25, 2003
| Year 2002 (Actual) | Year 2003 (Proposed) | |||
| Income | ||||
| Contributions | $ 100.00 | $ 100.00 | RMCA/WC Easter Egg Hunt | |
| Guest Fees | $ 380.00 | $ 450.00 | ||
| Snack Sales | $ 2,224.79 | $ 2,500.00 | ||
| Membership Dues ($325 each) | $ 59,398.75 | 185 (some pro-rated) | $ 63,375.00 | 195 members (increase of 10) |
| Rental Income | $ 2,855.00 | $ 3,575.00 | ||
| Share Purchase ($1,250 each) | $ 7,500.00 | 6 new share purchases | $ 2,500.00 | 2 new share purchases |
| Interest Earned | $ 179.91 | $ 200.00 | ||
| Miscellaneous Income | $ 187.75 | Swim team guard reimburse | $ 0.00 | |
| Total Income = | $ 72,826.20 | $ 72,700.00 | ||
| Expenses | ||||
| Bank Service Charge | $ 14.45 | $ 30.00 | ||
| Bookkeeping | $ 338.82 | $ 1,250.00 | Payroll, dues collection, taxes | |
| Furniture | $ 509.32 | Chairs, filing cabinet, shelving | $ 1,200.00 | |
| Insurance - Liability | $ 3,346.00 | $ 3,500.00 | ||
| Insurance - Workman's Comp | $ 689.00 | $ 800.00 | ||
| Lanscaping | $ 919.50 | $ 2,500.00 | Additional landscaping/mowing | |
| Legal Fees | $ 0.00 | $ 200.00 | ||
| Licenses/Permits | $ 25.00 | $ 25.00 | SCC registration fee | |
| Mortgage | $ 27,111.65 | $ 26,445.00 | ||
| Payroll Expenses | $ 18,325.04 | $ 22,190.28 | Manager, lifeguards | |
| Postage and Delivery | $167.68 | $ 200.00 | ||
| Repairs/Maint - Building | $ 1,529.65 | Tile in bathrooms & vending area | $ 3,000.00 | Incl paint & ant/termite contract |
| Repairs/Maint - Pool | $ 1,133.27 | Baby pool system & flow sensor | $ 1,500.00 | |
| Social Activities | $ 123.00 | $ 250.00 | ||
| Supplies - Clubhouse | $ 512.03 | $ 1,000.00 | ||
| Supplies - Office | $ 61.24 | $ 800.00 | Incl handbook & rules board | |
| Supplies - Pool | $ 2,427.11 | $ 3,000.00 | ||
| Supplies - Snack Sales | $ 1,306.44 | $ 1,500.00 | ||
| Telephone | $ 268.14 | $ 350.00 | ||
| Utilities - Gas & Electric | $ 4,403.42 | $ 5,600.00 | $600 street light payoff | |
| Utilities - Sewer & Trash | $ 732.05 | $ 850.00 | ||
| Utilities - Water & HRSD | $ 1,122.47 | $ 1,500.00 | ||
| Contingency | $ 496.19 | Freezer and tax penalty ('01) | $ 0.00 | |
| Total Expenses = | $ 65,561.67 | $ 77,690.28 | ||
| Reserve Account | ||||
| Beginning of Year | $ 37,027.00 | $ 44,291.53 | ||
| Addition from Yearly Budget | $ 7,264.53 | -$ 4,990.28 | ||
| End of Year Balance = | $ 44,291.53 | $ 39,301.25 |