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Issaquah Highlands Connections

April 2019

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ISSAQUAH HIGHLANDS COMMUNITY ASSOCIATION

Issaquah Highlands 2019-20 Approved Budget

For the Fiscal Year July 1, 2019 - June 30, 2020 Issaquah Highlands 2019-20 Approved Budget IHCA Board of Directors Approved February 27, 2019 For the Fiscal Year July 1, 2019 - June 30, 2020 IHCA Board of Directors Approved February 27, 2019

Annual Assessments OPERATING FUND INCOME Late Fees / NSF Fee & Fine Income Escrow & Resale Cert Fees Collection Legal Fee Income Interest Income Owner Base Assessments Management Fees - High Street Center Operations Income - Non-members Other Income Shared Cost - High Street Center Shared Costs Agreements Income TOTAL ASSOCIATION INCOME

2018-19

2018-19

2019-20

Adopted Budget

Estimated

Approved Budget

Adopted Budget COMMUNITY MANAGEMENT

3,000 15,000 30,000 18,000 20,000 3,084,120 28,500 7,000 1,255 5,000 155,000 3,366,875

3,060 27,540 30,000 18,000 38,138 3,172,104 28,500 7,000 1,255 5,000 160,269 3,490,866

3,000 15,000 30,000 18,000 35,000 3,172,104 28,500 7,000 1,255 5,000 163,474 3,478,333

7,700 3,000 (43,000) 1,462,300

24,000 25,000 38,900 389,899 119,000 160,000 27,000 25,000 132,000 66,000 10,000 21,000 6,000 340,000 27,000 18,717 67,022 4,200 6,000 7,700 3,000 (43,000) 1,474,438

25,000 26,000 41,000 411,459 95,000 164,800 27,000 25,000 115,000 11,000 10,000 12,000 6,000 380,000 30,000 21,500 77,000 8,330 6,100 16,000 2,500 (43,000) 1,467,689

46,000 23,000 3,500 22,100 1,875 6,000 31,000 25,000 15,000 25,800 117,000 9,100 6,500 24,842 2,351 2,500 0 (28,000) 333,567

50,000 23,000 3,500 22,100 4,600 6,000 31,000 40,000 48,974 15,000 138,000 10,700 6,050 29,000 4,050 3,100 1,000 (28,000) 408,074

191,476 14,832 669 30,939 5,426 (66,540) 176,802

203,000 17,700 900 34,000 6,000 (66,540) 195,060

Annual Assessments

OPERATING FUND INCOME Late Fees / NSF Fee & Fine Income EscrowEXPENSES & Resale Cert Fees LANDSCAPE & UTILITIES Collection Legal Fee Income Utilities - Storm Water Fees 24,000 Garbage 25,000 InterestElectric Income - Streetlights, Feature Electric 38,900 Landscape - Contract Monthly 385,000 (goats) 119,000 OwnerLandscape Base- Non-contract Assessments Irrigation-Water 160,000 Irrig Elec Park & Fees Supply Pumps 27,000 Management High Street Center Irrig Maint & Repairs 25,000 Landscape Supplies 112,000 Operations Income - Non-members 66,000 Landscape Equipment Safety Equip & Supplies 10,000 Other Income Equipment Rental 21,000 Irrig Non-Potable Maint/Mgmnt 6,000 - Landscape SharedDedicated CostStaff- Wages High Street Center 340,000 Payroll Taxes - Landscape 27,000 CompAgreements - Landscape 23,500 SharedWorker's Costs Income Medical Insurance - Landscape 75,000 Expense - Landscape 4,200 TOTAL401K ASSOCIATION INCOME Landscape Travel, Meals, & Training 6,000 Staff Uniforms & Equip Landscape Communications,Computer,Misc Contra-Dedicated Landscape TOTAL LANDSCAPE & UTILITIES

$936

$936

EXPENSES REPAIRS & MAINTENANCE LANDSCAPE & UTILITIES Pet Waste Service Supplies 46,000 Holiday Lighting - Contract 23,000 UtilitiesSigns- Expense, Storm Water Fees Maint. & Repair 3,500 Maintenance & Repair 22,100 Garbage Professional Services-Park Inspections 1,875 Parks/Trails Lighting Maint. & Repair 6,000 Supplies 31,000 ElectricMaintenance - Streetlights, Feature Electric Landscape - Fleet Equip, Repair & Maint 25,000 Landscape Shop Utilities & Other 15,000 Landscape - Contract Monthly Drain Line Cleaning 25,800 Dedicated Staff Wages - Operations 117,000 Landscape - Non-contract (goats) 9,100 Payroll Taxes - Operation Worker's Comp - Operations 6,500 Irrigation-Water Medical Insurance - Operations 26,700 401K Expense - Operations 2,300 Ops Travel, Meals, 2,500 Irrig Elec Park && Training Supply Pumps Maint - Communications,Computer,Misc 0 Contra-Dedicated Operations (28,000) Irrig Maint & Repairs TOTAL REPAIRS & MAINTENANCE 335,375 Landscape Supplies ACCOUNTING Dedicated Staff Wages-Accounting 205,000 Landscape Equipment Payroll Taxes - Accounting 17,700 Worker's Comp - Accounting 900 Insurance Accounting 44,000 Safety Medical Equip & -Supplies 401K Expense - Accounting 6,100 Contra-Dedicated Accounting (66,540) Equipment Rental TOTAL ACCOUNTING 207,160 Irrig Non-Potable Maint/Mgmnt Dedicated Staff Wages - Landscape IHCA BUDGET APPROVED 2019_2020 April 2019 1 Payroll Taxes - Landscape Worker's Comp - Landscape Medical Insurance - Landscape

2018-19

2018-19 2018-19 Adopted Budget $936 Estimated

Annual Assessments

Occupational & Technical Training Company & Management Training Other Admin - Dues/Subs., Computer, Misc Dedicated Staff Wages - Community Admin Payroll Taxes - Community Admin Worker's Comp - Community Admin Medical Insurance - Community Admin 401K Expense - Community Admin Mileage/Parking Reimbursement Legal Services Legal Collection Services Audit & Tax Services HR/Payroll Services Computer/Professional Services Reserve Study Contra-Dedicated Staff Comm Assn Committee / BOD Expense Public (Community) Relations Computer Expense (Hardware) Software Licensing Supplies Photocopies Postage Rent, CAMs, Office & Storage Communications B & O Taxes Property Tax Bad Debt Expense Prior Year Expense/G&L Fixed Assets Directors & Officers Insurance General Liability, Property, Auto Insurance Bank Fees - NSF Federal Income Tax Contingency Expense TOTAL COMMUNITY MANAGEMENT

$936

3,000 15,000 30,000 18,000 20,000 3,084,120 28,500 7,000 1,255 5,000 155,000 3,366,875

TOTAL EXPENSES NET INCOME BEFORE RESERVE CONTRIBUTION

RESERVE FUND RESERVE INCOME Reserve Contribution Interest Income - Reserves Capital Assessment TOTAL RESERVE INCOME

27,100 7,000 2,600 403,000 28,300 1,250 51,200 12,090 500 13,500 18,000 10,500 17,400 31,500 2,270 (54,120) 4,300 7,300 5,000 35,000 19,500 15,500 17,000 253,000 10,000 150 13,000 15,000 0 16,000 45,500 700 13,000 50,000 1,092,040

2018-19 Estimated

2019-20 2019-20

Approved Budget

Approved$936Budget 27,100 7,000 2,600 373,825 28,300 1,250 43,724 9,305 500 13,500 18,000 10,500 21,672 31,500 2,270 (54,120) 4,300 7,300 5,000 34,061 19,500 15,500 17,000 253,000 10,000 75 13,000 262 (212) 16,000 47,300 700 13,000 50,000 1,042,712

3,000 15,000 30,000 18,000 35,000 3,172,104 28,500 7,000 1,255 5,000 163,474 3,478,333

3,096,875

3,027,519

3,191,333

270,000

463,347

287,000

3,060 27,540 30,000 18,000 38,138 3,172,104 28,500 7,000 1,255 5,000 160,269 3,490,866

27,100 7,000 2,600 350,000 25,300 1,150 67,500 10,500 500 20,000 18,000 10,500 26,360 31,500 2,270 (54,120) 5,500 7,300 5,000 37,500 19,500 16,500 17,000 276,200 10,000 150 13,000 12,000 0 16,000 48,000 700 20,000 70,000 1,120,510

$936

24,000 24,000 270,000 270,000 22,000 25,000 25,000 25,000 0 22,000 292,000 248,561 38,900 38,900 RESERVE EXPENSES Street Trees385,000 Rotational Replacement 50,000 50,000 389,899 Mailboxes Upgrade 2018-19/2019-20 23,700 23,731 Irrigation Controls - Replace 1 of 3/2 of 3 42,050 42,050 119,000 119,000 Drainline Maintenance 20,000 15,000 Bark Park Fence - Replace 6,200 6,200 160,000 160,000 Common Area Signs - Replaced Yr 1-2 Magnolia Park - Refurbish Light Poles - Repair/Replace 27,000 27,000 TOTAL RESERVE EXPENSES 141,950 136,981 25,000 25,000 CASH FLOW - RESERVE FUND 150,050 111,580 112,000 132,000 66,000 66,000 10,000 10,000 21,000 21,000 Meeting IHCA Budget Ratification 6,000 6,000 Wednesday, 4/24, 6:30PM, IHCA Office previous page. 340,000 See details on 340,000 3/6/2019 27,000 27,000 23,500 18,717 IHCA BUDGET APPROVED 2019_2020 April 2019 2 75,000 67,022

25,000 287,000 25,000 26,000 0 292,000 41,000 65,000 411,459 24,400 43,350 95,000 164,800 10,600 10,100 48,750 27,000 202,200 25,000 89,800 115,000 11,000 10,000 12,000 6,000 380,000 30,000 21,500 77,000

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