Colonial heritage hoa (small) by john womeldorf

Colonial Heritage Disclosure Documents

PREPARED EXCLUSIVELY FOR:

4747 Winterberry Ct Williamsburg, VA 23188

FirstService Residential 21 Christopher Way Eatontown, NJ 07724 (732) 403-8162 â&#x20AC;˘ Fax: (732) 380-1835

Dear Homeowner, On behalf of FirstService Residential, I would like to welcome you to your new home and community! FirstService is the nation's leading property management firm specializing in the management of community associations like yours. We have been engaged by your Board to oversee the daily operations of Colonial Heritage Homeowners Association and assist them in maintaining the character, quality, value and financial integrity of your association. With many years of experience in planning, community development and operations management the FirstService Residential Difference is our full-service innovative approach to managing your community. We strive for excellence; best serving our clients by recognizing the individuality of each community and working to build a mutually beneficial long-term relationship. Enclosed in this package is detailed information regarding your community, which includes: Management Team Information Contact Information Hours of Operation Customer Care Center 24-hr Emergency Service Connect - Community Website Payment Information Census Form Association Governing Documents Please review the enclosed documents carefully and feel free to reach out to your Community Manager with any questions you may have. For more information regarding FirstService Residential, please visit our website at http://www.fsresidential.com Once again, welcome to your new home! Sincerely,

Michael A. Mendillo President FirstService Residential | Mid-Atlantic

PLEASE NOTE This package contains the most recent documents on file with the Resale and Lender Processing Department on the date requested, and may not include all relevant legal and financial information available for this Association. No representation is made by FirstService Residential, WelcomeLink, Inc., or their affiliates with respect to the accuracy and completeness of this information. Before taking any action in reliance upon the information contained herein, please consult qualified legal counsel and/or the legal instruments of the Association as recorded and filed with the appropriate governmental authority or jurisdiction.

Colonial Heritage Budget

Units-New Units-Resale Units-Total

60 30 826

Monthly Dues

0 1 826

3 2 829

3 2 832

5 2 837

6 2 843

6 3 849

6 3 855

6 3 861

7 3 868

6 3 874

6 3 880

6 3 886

265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

2713600 2160 720 35004 50 10000 286200 $3,047,734

218890 180 60 2917 0 0 3180 $225,227

219685 180 60 2917 0 2500 15900 $241,242

220480 180 60 2917 0 0 15900 $239,537

221805 180 60 2917 50 0 22260 $247,272

223395 180 60 2917 0 2500 25440 $254,492

224985 226575 228165 180 180 180 60 60 60 2917 2917 2917 0 0 0 0 0 2500 28620 28620 28620 $256,762 $258,352 $262,442

230020 180 60 2917 0 0 31800 $264,977

231610 180 60 2917 0 0 28620 $263,387

233200 180 60 2917 0 2500 28620 $267,477

234790 180 60 2917 0 0 28620 $266,567

117320 411428 159987 81199 231719 16662 24007 58326 $1,100,648

3136 7073 6000 3468 15785 150 85 1515 $37,212

4265 14961 4000 5851 15910 107 94 1874 $47,062

4762 22231 11354 4487 15513 740 1742 5865 $66,694

6006 33753 14400 7023 19571 2069 2521 5393 $90,736

12070 38138 20765 7394 26311 2154 3207 4070 $114,109

23612 13546 59280 48669 22192 17085 7403 9732 20387 19913 2083 1654 3062 3033 7986 6980 $146,005 $120,612

7584 27893 12281 8021 21671 1578 2926 3141 $85,095

13928 45284 15154 7710 20722 2624 3051 6157 $114,630

13562 45068 14636 8004 20763 2083 2830 6165 $113,111

6578 36600 10284 5889 18682 1135 1138 5153 $85,459

8271 32478 11836 6217 16491 285 318 4027 $79,923

176630 177630 414558 2892 8060 3220 892 10971 107537 $902,390

14545 6237 6554 0 150 0 0 324 1445 $29,255

14501 6066 5769 500 150 0 200 216 2999 $30,401

14502 14690 26454 598 656 140 250 653 6612 $64,555

14566 17689 45600 299 694 300 75 1318 11451 $91,992

14608 18952 53371 598 521 400 102 1277 11539 $101,368

14808 17896 43198 299 1102 360 25 1194 8442 $87,324

14890 19926 53227 0 1192 460 50 1330 13071 $104,146

14890 20489 55505 0 1143 460 50 1338 13240 $107,115

14888 11007 23710 0 391 200 0 758 7500 $58,454

14874 8089 10885 0 200 40 0 319 9242 $43,649

$483,753

$483,613

2014 INCOME FACILITIES INCOME ASSESSMENTS-RESIDENTIAL LATE FEES ARCC APP FEES LIFESTYLE INCOME POOL PASS INCOME NEWSLETTER INCOME CONTRIBUTION TO CAPITAL TOTAL FACILITIES INCOME FOOD & BEVERAGE INCOME BANQUETS/EVENT BEVERAGE BANQUETS/EVENT FOOD BANQUETS/OTHER FEES CLUBHOUSE BEVERAGE CLUBHOUSE FOOD GOLF/AQUATIC BEVERAGE GOLF/AQUATIC FOOD ROOM RENTAL TOTAL FOOD & BEVERAGE INCOME GOLF INCOME GOLF DUES/MEMBERS GOLF CART FEES GREENS FEES MEMBERSHIP INITIATION GOLF PROFESSIONAL FEES GOLF CLUB RENTAL FEE HANDICAP FEE GOLF RANGE PASSES MERCHANDISE SALES TOTAL GOLF INCOME TOTAL INCOME

$5,050,772

$291,694

$318,705

$370,786

$430,000

$469,969

14714 18546 47825 299 829 460 70 1130 10468 $94,341 $497,108

14844 18043 42460 299 1032 400 70 1114 11528 $89,790 $468,754

Page 1

$434,861

$411,390

$390,139

Units-New Units-Resale Units-Total

60 30 826

Monthly Dues

0 1 826

3 2 829

3 2 832

5 2 837

6 2 843

6 3 849

6 3 855

6 3 861

7 3 868

6 3 874

6 3 880

6 3 886

265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

9288 8484 600 4200 8520 38592 6000 7800 1200 18504 5000 379348 53960 30000 6000 4000 1920 10000 85094 12000 18000 8200 2000 175200 5500 2760 19008

774 707 0 350 710 3216 3000 650 100 1542 0 31612 0 2500 500 0 160 5000 6864 1000 1500 0 0 14600 459 230 1584

774 707 0 350 710 3216 0 650 100 1542 0 31612 0 2500 500 0 160 5000 6889 1000 1500 0 0 14600 459 230 1584

774 707 300 350 710 3216 0 650 100 1542 0 31613 13490 2500 500 4000 160 0 6914 1000 1500 0 500 14600 459 230 1584

774 707 0 350 710 3216 0 650 100 1542 0 31613 13490 2500 500 0 160 0 6955 1000 1500 4100 0 14600 459 230 1584

774 707 0 350 710 3216 0 650 100 1542 1250 31613 0 2500 500 0 160 0 7005 1000 1500 0 0 14600 458 230 1584

774 707 0 350 710 3216 3000 650 100 1542 1250 31613 0 2500 500 0 160 0 7055 1000 1500 0 500 14600 458 230 1584

774 707 300 350 710 3216 0 650 100 1542 1250 31612 0 2500 500 0 160 0 7105 1000 1500 0 0 14600 458 230 1584

774 707 0 350 710 3216 0 650 100 1542 1250 31612 0 2500 500 0 160 0 7155 1000 1500 0 0 14600 458 230 1584

774 707 0 350 710 3216 0 650 100 1542 0 31612 13490 2500 500 0 160 0 7213 1000 1500 0 500 14600 458 230 1584

774 707 0 350 710 3216 0 650 100 1542 0 31612 13490 2500 500 0 160 0 7263 1000 1500 4100 0 14600 458 230 1584

774 707 0 350 710 3216 0 650 100 1542 0 31612 0 2500 500 0 160 0 7313 1000 1500 0 0 14600 458 230 1584

774 707 0 350 710 3216 0 650 100 1542 0 31612 0 2500 500 0 160 0 7363 1000 1500 0 500 14600 458 230 1584

6000 3492 6000 1980 12000

500 291 500 165 1000

4608

384

22108 45960 6000 1800

1934 3830 500 150

1834 3830 500 150

POOL ATTENDANT PAYROLL UNIFORMS

2385 1500

0 0

0 250

0 100

795 250

795 100

0 250

0 100

0 0

FIRE SYSTEM MNT/REPAIRS

5700

475

383868 82500 1200 97200 12600 7548 7452 2340 1000

31989 6875 100 8100 1050 629 621 195 0

31989 6875 100 8100 1050 629 621 195 500

31989 6875 100 8100 1050 629 621 195 0

31989 6875 100 8100 1050 629 621 195 500

31989 6875 100 8100 1050 629 621 195 0

10560 4296 10260 12000

880 358 855 1000

2014 EXPENSES FACILITIES BAD DEBT EXPENSE FITNESS CENTER SUPPLIES/MNT TOWEL/MAT SERVICES ELEVATOR MAINTENANCE ELECTRICAL REPAIRS JANITORIAL CONTRACT CARPET/CHAIR CLEANING FACILITY MAINT/REPAIRS SECURITY FOUNTAIN PONDS MAINT WATER/GATOR BAGS LANDSCAPE CONTRACT LANDSCAPE ENCHANCEMENTS TREE REMOVAL GATE MAINTENANCE IRRIGATION MAINTENANCE PEST CONTROL /TERMITE SNOW/STORM TRASH REMOVAL LIGHTING MAINTENANCE GRADING REPAIRS FLAGS DOGGIE STATION GATEHOUSE STAFF GATE ENTRANCE STRIPS RESIDENT ID CARDS PAINTING EXTERIOR MAINTENANCE PLUMBING REPAIRS MAINTENANCE SUPPLIES SIGNAGE MAINTENANCE HVAC REPAIR MAINT

POOL EQUIPMENT

POOL MAINTENANCE LIFESTYLE ACTIVITIES POOL SUPPLIES WOODSHOP REPAIRS

PAYROLL REIMBURSEMENTS PAYROLL BENEFITS/TAXES EMPLOYEE RELATIONS UTILITIES - ELECTRIC UTILITIES - GAS UTILITIES - TELEPHONE UTILITIES - WATER/SEWER UTILITIES - INTERNET MNT CART REALESTATE TAXES PROPERTY TAXES INSURANCE OFFICE SUPPLIES

Page 2

Units-New Units-Resale Units-Total

60 30 826

0 1 826

3 2 829

3 2 832

5 2 837

6 2 843

6 3 849

6 3 855

6 3 861

7 3 868

6 3 874

6 3 880

6 3 886

265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

8820 5400

735 450

1800 3000 13000 4340 600

150 250 4750 40 50

150 250 750 40 50

150 250 750 3900 50

150 250 750 40 50

COUPON BOOKS

6840

570

LICENSES & PERMITS NEWSLETTER PRINTING/PRODUCTION MEETING EXPENSE

9300 8000 1500

775 0 125

775 2000 125

775 0 125

775 2000 125

775 0 125

775 2000 125

775 0 125

775 2000 125

775 0 125

28800 2400 6000

2400 200 500

MANAGEMENT FEE LEGAL EXPENSES AUDIT EXPENSES BENCH REPLACEMENT/REPAIRS GATEHOUSE SUPPLIES/REPAIRS EMPLOYEE MEALS FITNESS CENTER SUPPLIES AUDIO/VISUAL REPAIR SOCIAL COMMITTEE TOTAL FACILITIES EXPENSES

66156 22500 25000 2000 3000 1200 4020 4020 3996 $1,905,227

5513 1875 0 0 250 100 335 335 333 $159,175

5513 1875 0 0 250 100 335 335 333 $154,100

5513 1875 25000 1000 250 100 335 335 333 $191,666

5513 1875 0 0 250 100 335 335 333 $165,007

5513 1875 0 0 250 100 335 335 333 $151,066

5513 5513 5513 1875 1875 1875 0 0 0 0 0 0 250 250 250 100 100 100 335 335 335 335 335 335 333 333 333 $153,061 $149,760 $151,510

5513 1875 0 1000 250 100 335 335 333 $167,023

5513 1875 0 0 250 100 335 335 333 $165,163

5513 1875 0 0 250 100 335 335 333 $149,623

5513 1875 0 0 250 100 335 335 333 $148,073

NET FACILITIES INCOME (DEFICIENCY)

$1,142,507

$66,052

$87,142

$47,871

$82,265

$103,426

$103,701

$97,954

$98,224

$117,854

$118,494

Monthly Dues 2014

OFFICE EQUIPMENT POSTAGE

PRINTING CONSULTING/WEBSITE COMP SUPPORT & UPGRADES TELEPHONE WARRANTY CONTRACT BANK FEES

ADMINISTRATIVE EXPENSE EDUCATION/TRAINING TRAVEL

FOOD & BEVERAGE JANITORIAL SECURITY/FIRE PEST CONTROL/TERMITE TRASH REMOVAL EQUIPMENT RENTALS HVAC REPAIR MAINT LINENS ENTERTAINMENT/PROMOTION UNIFORM RENTAL UNIFORM PURCHASE PAYROLL TAXES, BENEFITS, WC PAYROLL UTILITIES - ELECTRICITY UTILITIES - GAS UTILITIES - TELEPHONE UTILITIES - WATER/SEWER MANAGEMENT CONTRACT UTILITIES - INTERNET REAL ESTATE TAX PROPERTY TAX INSURANCE OFFICE SUPPLIES OFFICE EQUIPMENT COMP SUPPORT & UPGRADES CREDIT CARD FEES LICENSES & PERMITS CONTRACT SERVICES CLEANING SUPPLIES REPAIR/MAINT KITCHEN SUPPLIES SMALLWARES FOOD PURCHASES(COG) BEVERAGE PURCHASE (COG)

15840 914 972 2496 11814 6600 20769 20900 3283 1459 121844 528284 21276 4140 5916 6960 42000 420 10560 4296 10248 4184 4800 3000 16653 8509 1100 3340 8842 3362 3284 206589 59069

1320 76 81 208 45 550 1010 1400 269 0 9182 29508 1773 345 493 580 3500 35 880 358 854 246 400 250 966 310 0 195 309 200 76 7344 2013

1320 76 81 208 421 550 1099 1400 274 0 9134 30005 1773 345 493 580 3500 35 880 358 854 272 400 250 1045 482 0 354 439 210 178 9906 2874

1320 76 81 208 750 550 1414 1400 274 150 9659 39708 1773 345 493 580 3500 35 880 358 854 277 400 250 769 567 0 94 607 352 422 12635 2997

1320 76 81 208 500 550 1456 1500 274 350 10204 45473 1773 345 493 580 3500 35 880 358 854 404 400 250 1771 327 0 216 1292 388 206 17312 4077

1320 78 81 208 1236 550 2207 4000 274 350 10743 51606 1773 345 493 580 3500 35 880 358 854 376 400 250 1611 332 300 319 650 266 224 20297 6053

1320 76 81 208 1500 550 2324 1500 270 202 11371 56732 1773 345 493 580 3500 35 880 358 854 438 400 250 2561 462 400 323 655 365 273 24819 8606

$108,592

1320 76 81 208 1611 550 1967 1500 258 48 10612 50001 1773 345 493 580 3500 35 880 358 854 388 400 250 1226 595 0 602 712 381 223 21485 Page 3 6732

$110,932

1320 76 81 208 853 550 1515 1600 261 51 10390 44589 1773 345 493 580 3500 35 880 358 854 485 400 250 1195 688 0 227 1535 252 202 16272 4983

1320 76 81 208 1330 550 2425 1500 280 200 11029 50582 1773 345 493 580 3500 35 880 358 854 454 400 250 1522 521 200 278 1010 253 456 21408 6551

1320 76 81 208 1223 550 2120 1500 269 52 10556 47507 1773 345 493 580 3500 35 880 358 854 388 400 250 1580 1137 200 242 542 253 326 21285 6385

1320 76 81 208 850 550 1616 1100 262 26 9518 39759 1773 345 493 580 3500 35 880 358 854 228 400 250 1268 2217 0 232 548 230 344 18054 3809

1320 76 81 208 1495 550 1616 2500 318 30 9446 42814 1773 345 493 580 3500 35 880 358 854 228 400 250 1139 871 0 258 543 212 354 15772 3989

Units-New Units-Resale Units-Total

60 30 826

Monthly Dues

EMPLOYEE MEALS SALES & MARKETING TOTAL FOOD & BEVERAGE EXPENSES NET FOOD & BEVERAGE INCOME (DEFICIENC

3 2 829

3 2 832

5 2 837

6 2 843

6 3 849

6 3 855

6 3 861

7 3 868

6 3 874

6 3 880

6 3 886

265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

10831

679

581

928

1011

784

873

958

897

1010

1095

1005

600 20812 $1,195,966

50 3462 $68,967

50 850 $71,277

50 800 $85,556

50 2150 $100,664

50 1825 $115,208

50 50 1300 2900 $126,727 $113,952

50 1400 $99,148

50 1825 $114,587

50 2150 $110,478

50 1550 $94,459

50 600 $94,943

($95,318)

($31,755)

($24,215)

($18,862)

($9,928)

($1,099)

($9,000)

($15,020)

2014 DISPOSABLE SUPPLIES

0 1 826

$19,278

$6,660

Page 4

($14,053)

$43

$2,633

Units-New Units-Resale Units-Total

60 30 826

Monthly Dues 2014 GOLF ADMININSTRATIVE EXPENSE JANITORIAL SECURITY/FIRE PEST CONTROL/ TERMITE HANDICAP SERVICE FEES HVAC REPAIR MAINT UNIFORMS PAYROLL TAXES, BENEFITS, WC PAYROLL/SALARIES UTILITIES - ELECTRICITY UTILITIES - GAS UTILITIES - TELEPHONE UTILITES - WATER/SEWER UTILITIES - INTERNET GOLF MANAGEMENT CONTRACT TOURNAMENT EXPENSES GOLF CART LEASE GOLF CART MAINTENANCE GOLF CART SUPPLIES DRIVING RANGE EXPENSES REA LESTATE TAX PROPERTY TAX INSURANCE OFFICE SUPPLIES POSTAGE COMP SUPPORT & UPGRADES CREDIT CARD FEES COUPON BOOKS LICENSES & PERMITS DUES & SUBSCRIPTIONS EDUCATION/TRAINING SALES & MARKETING MERCHANDISE COGS EMPLOYEE MEALS TOTAL GOLF ADMINISTRATIVE EXPENSE

2640 1085 972 4221 6600 1926 23430 125470 22755 1260 4710 1104 420 42000 1125 68088 5880 1373 9339 30322 4296 10250 1350 300 2400 15632 100 4450 1510 1000 20109 77390 1200 $494,707

0 1 826

3 2 829

3 2 832

5 2 837

6 2 843

6 3 849

6 3 855

6 3 861

7 3 868

6 3 874

6 3 880

6 3 886

265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

220 91 81 244 550 0 1691 7293 1896 105 393 92 35 3500 0 5674 490 50 0 2527 358 856 50 25 200 2292 0 290 450 0 2212 867 100 $32,632

220 91 81 0 550 0 1688 7270 1896 105 390 92 35 3500 0 5674 490 53 2500 2527 358 854 50 25 200 443 50 290 260 0 2250 1799 100 $33,841

220 91 81 0 550 125 2014 10076 1896 105 391 92 35 3500 75 5674 490 100 3081 2527 358 854 125 25 200 487 50 290 0 0 1950 5422 100 $40,984

220 91 81 3616 550 500 2023 11524 1897 105 393 92 35 3500 150 5674 490 250 100 2527 358 854 100 25 200 668 0 290 0 1000 1957 8474 100 $47,844

220 91 81 0 550 200 2049 11715 1896 105 395 92 35 3500 150 5674 490 120 177 2527 358 854 125 25 200 1582 0 290 0 0 1475 8077 100 $43,153

220 90 81 0 550 34 2202 12724 1897 105 391 92 35 3500 150 5674 490 125 100 2527 358 854 200 25 200 1381 0 290 800 0 2440 7327 100 $44,962

220 90 81 283 550 167 2063 11715 1897 105 394 92 35 3500 150 5674 490 250 100 2526 358 854 100 25 200 2036 0 290 0 0 2190 9222 100 $45,757

220 90 81 0 550 400 2112 11715 1897 105 392 92 35 3500 150 5674 490 100 3081 2526 358 854 150 25 200 1382 0 290 0 0 1547 6162 100 $44,278

220 90 81 78 550 200 2244 12724 1894 105 392 92 35 3500 150 5674 490 125 100 2527 358 854 125 25 200 1626 0 290 0 0 1447 9150 100 $45,446

220 90 81 0 550 100 2069 11715 1896 105 392 92 35 3500 150 5674 490 125 100 2527 358 854 125 25 200 1820 0 1260 0 0 956 9268 100 $44,877

220 90 81 0 550 100 1614 8309 1896 105 393 92 35 3500 0 5674 490 75 0 2527 358 854 100 25 200 1021 0 290 0 0 1218 4875 100 $34,792

220 90 81 0 550 100 1661 8690 1897 105 394 92 35 3500 0 5674 490 0 0 2527 358 854 100 25 200 894 0 290 0 0 467 6747 100 $36,141

Page 5

Units-New Units-Resale Units-Total

60 30 826

Monthly Dues

NET GOLF INCOME (DEFICIENCY) CLUB ADMINISTRATIVE EXPENSES PAYROLL TAXES, BENEFITS, WC PAYROLL UTILITIES - TELEPHONE UTILITIES - INTERNET OFFICE SUPPLIES OFFICE EQUIPMENT POSTAGE & SHIPPING TRAVEL EMPLOYEE MEALS TOTAL CLUB ADMINISTRATIVE EXPENSES TOTAL OPERATING EXPENSES TOTAL NET OPERATING INCOME (DEFICIENC

3 2 829

3 2 832

5 2 837

6 2 843

6 3 849

6 3 855

6 3 861

7 3 868

6 3 874

6 3 880

6 3 886

265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

528 162572 528 43867 1296 26220 850 44707 231507 200 16632 4800 3732 30305 5148 708 1500 3792 20460 7900 12745 4600 4000 475 6504 2760 10260 4296 618 1055 47183 375 480 $702,603

44 9079 44 0 108 0 0 3995 17320 0 1386 400 311 1000 429 59 0 316 1260 200 0 0 0 25 542 230 855 358 0 655 0 0 40 $38,656

44 9079 44 0 108 0 0 3682 16698 0 1386 400 311 1260 429 59 0 316 900 200 0 0 0 25 542 230 855 358 0 200 0 250 40 $37,416

44 9079 44 9759 108 0 0 3705 17882 0 1386 400 311 937 429 59 750 316 900 5250 200 2500 1500 25 542 230 855 358 0 200 0 0 40 $57,809

44 15782 44 5816 108 6100 500 3845 20228 100 1386 400 311 811 429 59 0 316 1000 250 0 300 0 50 542 230 855 358 0 0 4199 0 40 $64,103

44 15782 44 5972 108 3041 0 3883 20578 0 1386 400 311 2177 429 59 0 316 2150 250 0 300 0 50 542 230 855 358 40 0 6065 0 40 $65,410

44 15782 44 9755 108 5090 0 3753 20423 0 1386 400 311 4424 429 59 0 316 1650 250 0 300 0 50 542 230 855 358 0 0 7007 0 40 $73,606

44 15782 44 6781 108 979 0 3706 20773 0 1386 400 311 3602 429 59 0 316 2000 250 200 300 0 50 542 230 855 358 193 0 6369 0 40 $66,107

44 15782 44 1320 108 3010 0 3772 20773 100 1386 400 311 3818 429 59 750 316 2000 250 0 600 2500 50 542 230 855 358 0 0 6556 125 40 $66,528

44 15782 44 4464 108 6000 0 3730 20423 0 1386 400 311 3427 429 59 0 316 3000 250 12345 300 0 50 542 230 855 358 0 0 6966 0 40 $81,859

44 15782 44 0 108 2000 350 3761 20773 0 1386 400 311 3608 429 59 0 316 3000 250 0 0 0 50 542 230 855 358 0 0 6832 0 40 $61,528

44 15782 44 0 108 0 0 3485 18320 0 1386 400 311 2781 429 59 0 316 1300 250 0 0 0 25 542 230 855 358 0 0 3189 0 40 $50,254

44 9079 44 0 108 0 0 3390 17316 0 1386 400 311 2460 429 59 0 316 1300 250 0 0 0 25 542 230 855 358 385 0 0 0 40 $39,327

($294,920)

($42,033)

($40,856)

($34,238)

($19,955)

($7,195)

($24,227)

($22,074)

($23,482)

($23,159)

($26,592)

($31,819)

30706 154015 6024 420 1800 2628 600 5000 1200 $202,393

2727 11530 502 35 150 219 50 800 100 $16,113

2463 11770 502 35 150 219 50 1100 100 $16,389

2705 14145 502 35 150 219 50 250 100 $18,156

2353 11995 502 35 150 219 50 250 100 $15,654

2391 12270 502 35 150 219 50 250 100 $15,967

2719 14545 502 35 150 219 50 250 100 $18,570

2415 12360 502 35 150 219 50 800 100 $16,631

2479 12210 502 35 150 219 50 300 100 $16,045

2809 14610 502 35 150 219 50 250 100 $18,725

2415 11760 502 35 150 219 50 250 100 $15,481

2731 14460 502 35 150 219 50 250 100 $18,497

2014 GOLF MAINTENANCE EXPENSE JANITORAL EQUIPMENT LEASES SECURITY CHEMICALS TRASH REMOVAL FERTILIZERS UNIFORMS PAYROLL TAXES, BENEFITS, WC PAYROLL EMPLOYEE RELATIONS UTILTIES - ELECTRICITY UTILITIES - GAS UTILITIES - TELEPHONE FUELS/LUBRICANTS UTILITIES - SEWAGE/WATER UTILITIES - INTERNET SOIL TESTING PORT O LETS R&M EQUIPMENT R&M IRRIGATION SEED/SOD/ORNAMETALS TEE/GREEN EQUIPMENT SAND/TOP DRESS/MULCH SAFETY TRUCK REIMBURSEMENT REAL ESTATE TAX INSURANCE PROPERTY TAX LICENSES & PERMITS DUES/SUBSCRIPTIONS CONTRACT LABOR EDUCATION/TRAINING R&M BUILDING TOTAL GOLF MAINTENANCE EXPENSE

0 1 826

$4,500,896 $549,876

$315,543 ($23,849)

$313,023 $5,682

$710

2499 12360 502 35 150 219 50 250 100 $16,165

$394,171

$393,272

$390,804

$416,926

$392,207

$377,509

$427,640

$398,211

$344,609

$336,981

($23,385)

$36,728

$79,165

$80,182

$76,547

$57,352

$56,113

$85,402

$66,781

$53,158

OTHER EXPENSES

Page 6

Units-New Units-Resale Units-Total

60 30 826

Monthly Dues

0 1 826

3 2 829

3 2 832

5 2 837

6 2 843

6 3 849

6 3 855

6 3 861

7 3 868

6 3 874

6 3 880

6 3 886

265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

21552 513324 15000 $549,876

0 0 1250 $1,250

2156 0 1250 $3,406

2155 0 1250 $3,405

2155 73332 1250 $76,737

TOTAL NET INCOME (DEFICIENCY)

($0)

($25,099)

$4,432

($26,791)

$33,322

$75,760

$3,445

($190)

($19,385)

($20,624)

$8,665

($9,956)

($23,579)

NET CASH FLOW

($0)

($25,099)

$4,432

($26,791)

$33,322

$75,760

$3,445

($190)

($19,385)

($20,624)

$8,665

($9,956)

($23,579)

2014 OPERATING RESERVES REPLACEMENT RESERVES CAPITAL IMPROVEMENT/PURCHASES RESER TOTAL OTHER EXPENSE

Page 7

Colonial Heritage Reserve Study