RMRA Year 2004 Budget Summary and Year 2005 Proposed Budget
Presented at the RMRA General Membership Meeting, March 1, 2005
| Year 2004 (Actual) | Year 2005 (Proposed) | |||
| Income | ||||
| Guest Fees | $ 975.00 | $ 975.00 | ||
| Interest Earned | $ 111.81 | $ 100.00 | ||
| Membership Dues ($325 each) | $ 69,455.00 | $ 74,425.00 | Project 229 members for 2005, Dues due May 15 | |
| Rental Income | $8,210.00 | $ 6,000.00 | ||
| Share Purchase ($1,250 each) | $ 1,250 | $ 1,250.00 | ||
| RMRA Insurance Ryder | $ 50.00 | $ 50.00 | ||
| Miscellaneous Income | $ 171.20 | $ 0.00 | ||
| Pepsi Machine Sales | $ 95.86 | $ 100.00 | ||
| Total Income = | $ 80,318.87 | $ 82,900.00 | ||
| Expenses | ||||
| Bank Service Charge | $ 14.90 | $ 30.00 | ||
| Check In System | $ 0.00 | $ 500.00 | New check in system | |
| Furniture | $ 5,200.49 | $ 2,000.00 | Umbrellas and deck furniture | |
| Insurance - Liability | $ 3,713.00 | $ 4,200.00 | Add 1M more to liability umbrella at cost of $400 | |
| Insurance - Workman's Comp | $ 747.00 | $ 0.00 | ||
| Lanscaping | $ 4,321.98 | $ 5,000.00 | Increase | |
| Licenses and Permits | $ 25.00 | $ 25.00 | SCC registration fee | |
| Misc. | $ 39.85 | $ 50.00 | ||
| Payroll Expenses | $ 22,376.56 | $ 0.00 | ||
| Pest/Termite Control | $ 225.00 | $ 450.00 | ||
| Postage and Delivery | $ 75.00 | $ 75.00 | ||
| Bookkeeping | $ 1,063.13 | $ 500.00 | ||
| Legal Fees | $ 112.50 | $ 200.00 | ||
| Pool Management | $ 0.00 | $ 35,000.00 | Pool management company | |
| Repairs/Maint - Pool | $ 200.00 | $ 1,750.00 | ||
| Repairs/Maint - Building | $ 1,468.18 | $ 750.00 | ||
| Social Activities | $ 50.00 | $ 150.00 | ||
| Supplies - Clubhouse | $ 672.13 | $ 800.00 | ||
| Supplies - Office | $ 5.13 | $ 100.00 | ||
| Supplies - Pool | $ 2,949.07 | $ 0.00 | ||
| Swim Team Starting Blocks | $ 965.00 | $ 965.00 | ||
| Taxes | $ 292.38 | $ 300.00 | ||
| Telephone | $ 292.71 | $ 350.00 | ||
| Utilities - Gas & Electric | $ 4,646.76 | $ 5,000.00 | ||
| Utilities - Sewer & Trash | $ 793.25 | $ 800.00 | ||
| Utilities - Water & HRSD | $ 1,389.36 | $ 1,500.00 | ||
| Mortgage | $ 26,445.00 | $ 24,703.75 | ||
| Mortgage Refinance Fees | $ 0.00 | $ 2,145.57 | ||
| Total Expenses = | $ 78,083.38 | $ 87,344.32 | ||
| Reserve Account | ||||
| Beginning of Year | $ 49,273.65 | $ 51,509.14 | ||
| Addition from Yearly Budget | $ 2,235.49 | -$ 4,444.32 | ||
| End of Year Balance = | $ 51,509.14 | $ 47,064.82 | ||
| Mortgage Balance at End of Year | $ 195,291.36 |