Hideout P.O.A. 2022 Final Budget Assessment & Fund Balance Report HISTORY OF ASSESSMENTS Description
2016
2017
2018
2019
2020
2021
2022
Annual Assessment
1,190
1,225
1,240
1,300
1,355
1,410
1,515
Capital Reserve
400
385
355
395
395
340
350
New Capital Reserve
20
40
100
50
55
100
35
TOTAL
1,610
1,650
1,695
1,745
1,805
1,850
1,900
$ Increase
40
40
45
50
60
45
50
% Increase
2.5%
2.5%
2.7%
2.9%
3.4%
2.5%
2.7%
Budgeted Lots to Pay
3665
3665
3665
3635
3635
3625
3640
Actual Lots Paid/Taken
3629
3633
3615
3563
3510
Lots Billed
4048
3914
3910
3908
3904
3765
Lots Taken off the Rolls - Hideout & RSW
134
4
2
2
4
139
Budgeted Lots to Pay %
90.54%
93.64%
93.73%
93.01%
93.11%
96.28%
0
OPERATIONS Revenues Assessment x 3,640 Lots
Expenses $
Carry Forward Surplus-2020
5,514,600
Amenity Expenses
$
8,295,035
200,000
Carry Forward Surplus (Insect Spray)
85,000
Investment Income
15,000
Other Income
2,000
Late Charges
15,000
Administration Fees
10,000
Amenity Income
Reserve Expense (Insect Spray) Board Contingency & Fees
70,000
Taxes
2,544,986
Prior Year Collections
100,000
1,551
Total
$
8,466,586
$
0
80,000
Total
$
8,466,586
CAPITAL RESERVE Revenues Assessment x 3,640 Lots
Expenses $
Investment Income
1,274,000 50,000
Transfer Fees
370,000
Prior Year Collections
10,000
Total
$
1,704,000
Reserve Projects
4,780,825 $
Fees
1,736,250
12/31/2021 Estimate
$10,000
Taxes Total Reduction of Reserve
$
5,000
$
1,751,250
$
(47,250)
4,733,575
12/31/2022 Estimate
NEW CAPITAL RESERVE Revenues Assessment x 3,640 Lots
Expenses $
Investment Income
250
Prior Year Collections Total
127,400 2,000
$
129,650
New Capital Projects
357,826 $
138,300
$
138,750
Taxes & Fees Reduction of Reserve
$
(9,100)
348,726
TOTAL BUDGET - OPERATIONS & RESERVES
Assessment x 3,640 Lots
Expenses
Carry Forward Surplus-2020
$
6,916,000 200,000
Amenity Expenses
85,000
Compensation Plan Reserve
Administration & Late Charges
25,000
Board Contingency
Investment Income
65,250
Reserve Project Expenditures
Transfer Fees Amenity Income Prior Year Collections Total
Notes:
2,000 370,000 2,544,986
5,138,651 $
Reserve Expense (Insect Spray)
Carry Forward Surplus (Insect Spray)
Other Income
Estimate
450
Total
Revenues
12/31/2021
Estimate 12/31/2021 Estimate
8,295,035 100,000 70,000 1,874,550
-
Investment in Real Estate Company Taxes & Fees Total
12/31/2022
17,001 $ 10,356,586
92,000 $ 10,300,236
Reduction of Reserve
$
(56,350)
5,082,301
12/31/2022 Estimate