The Ranches Master Homeowners Association, Inc.

The Ranches Master Homeowners Association, Inc. Annual Budget 2017 Operation

General Funds Restricted

Total All Funds

Reserves

Ordinary Income:

Homeowner Assessments Builder Fees Credit Card Fees Design Review Fines Late Fees Lien & Collection Fees Interest

$ 984,536.80 $ $ 1,250.00 $ $ 11,250.00 $ 7,250.00 $ 19,500.00 $ 750.00

Total Income

$ 1,024,536.80 $

Operating Expenses: Discounts Bad Debt Expense Committee Expense Cash Management - Credit Card Charges Administrative Expense Design Review Maintenance Expense Repairs Printing Postage & Supplies Utilities

$ 3,197.00 $ 12,500.00 $ 1,500.00 $ 120.00 $ 416,050.00 $ 11,250.00 $ 450,981.60 $ 28,500.00 $ 60,500.00 $ 39,500.00

Total Operating Expense

$ 1,024,098.60 $

Net Operating Income

$

95,000.00 $ $

66,000.00 1,250.00

$ $

7,250.00 19,500.00

$

1,297.05

95,000.00 $

95,297.05

$

438.20 $

Net Increase / (Decrease) in Funds

$

-

$ $ $ $ $

-

$

438.20 $

$

-

11,250.00 14,500.00 39,000.00 750.00 1,297.05

$ 1,214,833.85

$ $ $ $ $ $ $ $ $ $

3,197.00 12,500.00 1,500.00 120.00 416,050.00 11,250.00 450,981.60 28,500.00 60,500.00 39,500.00

$ 1,024,098.60

95,000.00 $

95,297.05

$

190,735.25

$ $

48,000.00

$ $

48,000.00

$

48,000.00

$

48,000.00

95,000.00 $

47,297.05

$

142,735.25

Reserve Expenditures: Projected General Reserve Expenditures Projected Improvement Reserve Expenditures Total Reserve Expenditures

$ 1,145,536.80 $ 2,500.00

-