Hideout P.O.A. 2020 Proposed Final Budget Assessment & Fund Balance Report HISTORY OF ASSESSMENTS Description
2014
2015
2016
2017
2018
2019
2020
Annual Assessment
1,115
1,155
1,190
1,225
1,240
1,300
1,355
Capital Reserve
395
395
400
385
355
395
395
New Capital Reserve
20
20
20
40
100
50
55
TOTAL
1,530
1,570
1,610
1,650
1,695
1,745
1,805
$ Increase
45
40
40
40
45
50
60
% Increase
3.0%
2.6%
2.5%
2.5%
2.7%
2.9%
3.4%
Budgeted Lots to Pay
3665
3630
3665
3665
3665
3635
3635
Actual Lots Paid/Taken
3636
3635
3629
3633
3619
Lots Billed
4059
4053
4048
3914
3910
3908
3908
Lots Taken of the Rolls - Hideout & RSW
6
5
134
4
2
Budgeted Lots to Pay %
90.29%
89.56%
90.54%
93.64%
93.73%
93.01%
93.01%
OPERATIONS Revenues Assessment x 3,635 Lots
Expenses $
4,925,425
Amenity Expenses
$
Carry Forward Surplus
36,565
Carry Forward Surplus (Insect Spray)
85,000
Investment Income
30,000
Other Income
2,000
Late Charges
8,750
Real Estate Company Adv Expense
Administration Fees
8,750
Taxes
Amenity Income
Reserve Expense (Insect Spray)
85,000
Board Contingency & Fees
26,550
2,501,672
Prior Year Collections
7,546,887
1,551
Total
$
7,659,988
$
174
62,000
Total
$
7,660,162
CAPITAL RESERVE Revenues Assessment x 3,635 Lots
Expenses $
Investment Income
1,435,825 52,500
Transfer Fees
325,000
Prior Year Collections
20,000
Total
$
1,833,325
Reserve Projects
$
Fees
4,425,000
12/31/2019 Estimate
4,188,429
12/31/2020 Estimate
330,000
12/31/2019 Estimate
213,119
12/31/2020 Estimate
4,755,000
12/31/2019 Estimate
4,401,722
12/31/2020 Estimate
2,054,896 $10,000
Taxes Total Reduction of Reserve
$
5,000
$
2,069,896
$
(236,571)
NEW CAPITAL RESERVE Revenues Assessment x 3,635 Lots
Expenses $
Investment Income
250
Prior Year Collections Total
199,925 2,060
$
202,235
New Capital Projects
$
Taxes & Fees
318,666 450
Total Reduction of Reserve
$
319,116
$
(116,881)
TOTAL BUDGET - OPERATIONS & RESERVES Expenses
Revenues Assessment x 3,635 Lots
$
6,561,175
Amenity Expenses
Carry Forward Surplus
36,565
Reserve Expense (Insect Spray)
Carry Forward Surplus (Insect Spray)
85,000
Compensation Plan Reserve
Administration & Late Charges
17,500
Board Contingency
Investment Income
82,750
Reserve Project Expenditures
Other Income
2,000
Transfer Fees
325,000
Amenity Income
2,501,672
Prior Year Collections Total
Notes:
$
85,000 26,550 2,373,562
-
Investment in Real Estate Company Taxes & Fees Total
7,546,887
17,001 $
10,049,000
84,060 $
9,695,722
Reduction of Reserve
$
(353,278)