RMRA Year 2006 Budget Summary and Year 2007 Proposed Budget
Presented at the RMRA General Membership Meeting, March 6, 2007
| Year 2006 (Actual) | Year 2007 (Proposed) | |||
| Income | ||||
| Guest Fees | $ 481.17 | $ 500.00 | ||
| Interest Earned | $ 49.88 | $ 50.00 | ||
| Membership Dues ($350/year) | $ 85,725.00 | $ 85,050.00 | ||
| RMCA Insurance Ryder | $ 0.00 | $ 50.00 | ||
| Pepsi Machine Sales | $ 0.00 | $ 0.00 | ||
| Rental Income | $6,777.00 | $ 7,150.00 | ||
| Share Purchase | $ 1,200.00 | $ 0.00 | ||
| Software Refund | $ 80.00 | $ 0.00 | ||
| Miscellaneous Income | $ 395.10 | $ 0.00 | ||
| Total Income = | $ 94,708.15 | $ 92,800.00 | ||
| Expenses | ||||
| Bank Service Charge | $ 51.55 | $ 50.00 | ||
| Clubhouse Management | $ 1,500.00 | $ 1,500.00 | ||
| Furniture | $ 396.29 | $ 1,500.00 | ||
| Insurance - Liability | $ 4,310.00 | $ 4,500.00 | ||
| Insurance - Workman's Comp | $ 173.00 | $ 200.00 | ||
| Lanscaping | $ 4,200.00 | $ 4,800.00 | ||
| Legal Fees | $ 0.00 | $ 200.00 | ||
| Licenses and Permits | $ 25.00 | $ 25.00 | ||
| Misc. | $ 0.00 | $ 0.00 | ||
| Mortgage | $ 27,000.00 | $ 27,000.00 | ||
| Outside Services | $ 640.00 | $ 500.00 | ||
| Pest/Termite Control | $ 270.00 | $ 360.00 | ||
| Pool Check-In System | $ 0.00 | $ 100.00 | ||
| Pool Management | $ 32,100.00 | $ 32,340.00 | ||
| Pool Winterization | $ 0.00 | $ 1,650.00 | ||
| Postage and Delivery | $ 85.22 | $ 85.00 | ||
| Professional Fees/Bookkeeping | $ 722.50 | $ 800.00 | ||
| Repairs/Maint - Pool | $ 2,239.86 | $ 13,000.00 | ||
| Repairs/Maint - Building | $ 962.00 | $ 1,500.00 | ||
| Social Activities | $ 78.00 | $ 1,000.00 | ||
| Supplies - Clubhouse | $ 370.39 | $ 500.00 | ||
| Supplies - Office | $ 45.70 | $ 100.00 | ||
| Supplies - Pool | $ 85.00 | $ 100.00 | ||
| Taxes | $ 227.00 | $ 300.00 | ||
| Telephone | $ 191.54 | $ 250.00 | ||
| Utilities - Gas & Electric | $ 6,602.22 | $ 6,000.00 | ||
| Utilities - Sewer & Trash | $ 885.25 | $ 900.00 | ||
| Utilities - Water & HRSD | $ 1,073.30 | $ 1,200.00 | ||
| Total Expenses = | $ 84,233.82 | $ 100,460.00 | ||
| Reserve Account | ||||
| Beginning of Year | $ 48,131.87 | $ 58,606.20 | ||
| Addition from Yearly Budget | $ 10,474.33 | $ (7,660.00) | ||
| End of Year Balance = | $ 58,606.20 | $ 50,946.20 | ||
| Mortgage Balance at End of Year | $ 167,799.89 |