Fripp Island Property Owners Association 2009 Budget (Non-Bridge) |
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2008 |
2008 |
2009 |
|
Revenues |
Budget |
Estimated Actual |
Budget |
|
Assessment Income |
$1,502,200 |
$1,497,000 |
$1,587,300 |
|
Fripp Island Resort Revenue |
$65,200 |
$64,000 |
$62,000 |
|
Commercial User Fees |
$240,000 |
$231,500 |
$231,500 |
|
Interest Income General Fund |
$18,000 |
$12,700 |
$13,000 |
|
Miscellaneous |
$27,700 |
$25,100 |
$26,100 |
Total Revenues |
$1,853,100 |
$1,830,300 |
$1,919,900 |
Operating Expenses |
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|
Administration |
$285,200 |
$276,100 |
$286,000 |
|
Annual Audit |
$9,500 |
$9,500 |
$11,000 |
|
Communications |
$10,200 |
$7,800 |
$11,300 |
|
Crossovers & Footbridges |
$31,300 |
$23,000 |
$37,559 |
|
Grounds Maintenance |
$193,400 |
$190,600 |
$209,100 |
|
Insurance |
$85,400 |
$70,900 |
$77,800 |
|
Lakes & Lagoons |
$18,800 |
$20,500 |
$25,400 |
|
Legal & Collection Fees |
$10,000 |
$5,000 |
$10,000 |
|
Payroll Services |
$5,300 |
$3,100 |
$3,200 |
|
Parking Committee |
$0 |
$0 |
$11,000 |
|
Project Expense |
$35,000 |
$35,000 |
$35,000 |
|
Road |
$151,000 |
$402,300 |
$159,263 |
|
Security Gate |
$270,800 |
$242,500 |
$264,300 |
|
Security |
$287,000 |
$275,100 |
$282,000 |
|
Sundry Expenses |
$13,900 |
$13,900 |
$59,900 |
|
Taxes, Auto Taxes, & Licenses |
$8,800 |
$8,800 |
$8,800 |
|
Trawler |
$26,500 |
$26,000 |
$25,600 |
Total Operating Expenses |
$1,442,100 |
$1,610,100 |
$1,519,322 |
|
Net Revenue vs. Expense |
$411,000 |
$220,200 |
$400,578 |
Reserve/ Capital Expenses |
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|
Roads |
$160,00 |
$81,600 |
$153,487 |
|
Crossovers |
$30,500 |
$34,100 |
$4,841 |
|
Admin. Computer/Server |
$3,500 |
$4,200 |
$0 |
|
Security Vehicle & Computer |
$15,800 |
$14,500 |
$30,900 |
|
Subtotal Reserve/Capital Expenses |
$209,800 |
$134,400 |
$189,228 |
Capital Revenue |
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|
Net Revenue vs. Expense |
$411,000 |
$220,200 |
$400,578 |
|
Invest. Return -Capital /Reserve Fund |
$82,500 |
$16,600 |
$17,000 |
|
Subtotal Reserve/ Capital Expenses |
$493,500 |
$236,800 |
$417,578 |
Reserve Fund + (-) |
$283,700 |
$102,400 |
$228,350 |
Fripp Island Property Owners Association 2009 Budget (Road & Bridge) |
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2008 |
2008 |
2009 |
|
ROAD & BRIDGE REVENUES |
Budget |
Estimated Actual |
Budget |
|
Bridge Fund Collections |
$212,500 |
$212,200 |
$213,300 |
|
Interest -Road & Bridge Fund |
$49,700 |
$13,500 |
$13,500 |
Total Road & Bridge Revenues: |
$262,200 |
$265,800 |
$262,200 |
ROAD & BRIDGE EXPENSES |
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|
Bridge Expenditures: |
$218,000 |
$145,400 |
$67,000 |
Surplus |
$44,200 |
$80,300 |
$159,800 |