Hideout P.O.A. 2021 Proposed Budget Assessment & Fund Balance Report HISTORY OF ASSESSMENTS Description
2015
2016
2017
2018
2019
2020
2021
Annual Assessment
1,155
1,190
1,225
1,240
1,300
1,355
1,410
Capital Reserve
395
400
385
355
395
395
340
New Capital Reserve
20
20
40
100
50
55
100
TOTAL
1,570
1,610
1,650
1,695
1,745
1,805
1,850
$ Increase
40
40
40
45
50
60
45
% Increase
2.6%
2.5%
2.5%
2.7%
2.9%
3.4%
2.5%
Budgeted Lots to Pay
3630
3665
3665
3665
3635
3635
3625
Actual Lots Paid/Taken
3635
3629
3633
3619
3563
Lots Billed
4053
4048
3914
3910
3908
3904
3904
Lots Taken off the Rolls - Hideout & RSW
5
134
4
2
2
4
Budgeted Lots to Pay %
89.56%
90.54%
93.64%
93.73%
93.01%
93.11%
92.85%
OPERATIONS Revenues Assessment x 3,625 Lots
Expenses $ 5,111,250
Carry Forward Surplus-2019
72,568
Carry Forward Surplus (Insect Spray)
85,000
Investment Income
12,000
Other Income
2,000
Late Charges
8,750
Administration Fees
8,750
Amenity Income
Amenity Expenses
7,539,780
Reserve Expense (Insect Spray)
85,000
Board Contingency & Fees
76,550
Taxes
2,340,739
Prior Year Collections
$
1,551
Total
$
7,702,881
$
176
62,000
Total
$ 7,703,057
CAPITAL RESERVE Revenues Assessment x 3,625 Lots
Expenses $ 1,232,500
Investment Income
25,000
Transfer Fees
361,000
Prior Year Collections
20,000
Total
$ 1,638,500
Reserve Projects
4,284,221 $
Fees
1,907,675
12/31/2020 Estimate
$10,000
Taxes Total Reduction of Reserve
$
5,000
$
1,922,675
$
(284,175)
4,000,046
12/31/2021 Estimate
NEW CAPITAL RESERVE Revenues Assessment x 3,625 Lots
Expenses $
Investment Income
250
Prior Year Collections Total
362,500 2,060
$
364,810
New Capital Projects
356,455 $
455,266
$
455,716
Taxes & Fees Reduction of Reserve
$
(90,906)
265,549
TOTAL BUDGET - OPERATIONS & RESERVES
Assessment x 3,635 Lots
Expenses $ 6,706,250
Amenity Expenses
Carry Forward Surplus-2019
72,568
Reserve Expense (Insect Spray)
Carry Forward Surplus (Insect Spray)
85,000
Compensation Plan Reserve
Administration & Late Charges
17,500
Board Contingency
Investment Income
37,250
Reserve Project Expenditures
Other Income Transfer Fees Amenity Income Prior Year Collections Total
Notes:
2,000 361,000 2,340,739
Estimate
450
Total
Revenues
12/31/2020
4,640,676 $
Estimate 12/31/2020 Estimate
7,539,780 85,000 76,550 2,362,941
-
Investment in Real Estate Company Taxes & Fees Total
12/31/2021
17,001 $ 10,081,272
84,060 $ 9,706,367
Reduction of Reserve
$
(374,905)
4,265,771
12/31/2021 Estimate