Aspen at Streamside 2012 Budget
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| BUDGET | BUDGET | BUDGET | BUDGET | BUDGET | BUDGET | |
|
$ | $ | $ | $ | $ | $ |
|
Assessments |
1,716,127 | 1,715,954 | 1,715,848 | 1,716,132 | 1,715,837 | 1,802,620 |
|
Room revenue and other income |
5,000 | 23,300 | 24,200 | 21,800 | 13,325 | 14,100 |
|
TOTAL REVENUES |
1,721,127 | 1,739,254 | 1,740,048 | 1,737,932 | 1,729,262 | 1,816,720 |
EXPENSES |
||||||
Operating expenses |
||||||
|
Salaries and wages (Includes: Front Desk, Maintenance, and On-Site Management) |
119,515 |
137,316 | 157,950 | 157,950 | 164,867 | 160,200 |
|
Payroll taxes and benefits |
43,397 |
50,417 |
48,048 |
63,850 | 55,201 | 65,182 |
|
Utilities |
57,931 |
59,286 |
51,638 |
52,344 | 49,474 | 52,530 |
|
Cable TV-WIFI |
7,730 |
7,956 |
8,173 |
8,389 | 9,235 | 9,800 |
|
Telephone lines-fire line-data line |
12,300 |
12,300 |
10,200 |
10,200 | 9,384 | 9,360 |
|
Housekeeping supplies |
14,500 |
14,500 |
18,000 |
21,000 | 21,000 | 21,000 |
|
Housekeeping service |
155,530 |
108,734 |
134,728 |
137,474 | 120,465 | 124,000 |
Temporary labor |
8,640 |
17,280 |
4,320 | 4,320 | 4,320 | |
|
Maintenance - supplies - repairs |
75,000 |
40,000 |
60,000 |
40,000 | 32,000 | 30,000 |
|
Snow removal |
7,500 |
7,500 |
10,000 |
4,500 | 4,500 | 5,000 |
|
Weekly owner meetings (guest mixer/hospitality) |
1,380 |
1,380 |
920 |
1,100 | 1,100 | 1,200 |
|
Total operating expenses |
494,783 |
448,029 |
516,937 |
501,127 | 471,546 | 478,272 |
| Administrative General |
||||||
|
Corporate tax |
640 | 4,800 | 6,000 | 4,000 | 160 | 160 |
|
Property tax |
21,505 | 24,803 | 34,866 | 25,378 | 43,128 | 36,731 |
|
Insurance |
34,480 | 43,170 | 47,090 | 50,720 | 61,306 | 64,134 |
|
Accounting - audit fee |
22,820 |
22,664 |
23,644 |
24,460 | 23,144 | 25,852 |
|
Office - computer - copier - expense |
29,750 |
19,278 |
24,500 |
19,300 | 19,300 | 18,300 |
|
Travel expense |
2,250 |
2,250 |
1,950 |
1,950 | 1,950 | 1,950 |
|
Bank - credit card fees |
8,500 |
23,250 |
27,000 |
27,000 | 27,000 | 25,000 |
|
Shed lease |
50 |
50 |
50 |
50 | 50 | 50 |
|
Management fee |
29,952 |
31,152 |
32,400 |
33,696 | 34,788 | 35,960 |
|
Reservation fee |
23,964 |
24,924 |
29,040 |
30,072 | 30,948 | 31,848 |
|
Computer support fee |
6,240 | 6,492 | 6,756 | 8,976 | 9,264 | 9,564 |
|
Contracted assessment billing |
7,176 | 7,466 | 7,000 | 8,087 | 8,349 | 8,349 |
|
COA mailings - newsletters (marketing) |
12,000 | 12,000 | 10,500 | 5,200 | 3,300 | 4,000 |
| Reserve Study | 900 | 900 | 900 | |||
|
Directors travel & lodging expense |
10,000 |
10,000 |
4,000 |
12,100 | 8,000 | 12,000 |
|
Unit agent - owner meetings & workshops |
3,000 |
3,000 |
3,500 |
7,200 | 2,200 | 2,200 |
|
Unit agent reimbursement |
1,500 |
1,500 |
2,721 |
2,500 | 575 | 575 |
|
Reminders/collections |
2,358 |
2,666 |
2,666 |
8,721 | 2,929 | 22,929* |
|
Legal |
15,000 |
15,000 |
180,000 |
16,000 | 60,000 | 60,000 |
|
Bad debt expense |
184,575 |
101,926 |
90,010 |
129,097 | 110,220 | 222,577 |
|
Prior year deficit (surplus) |
133,361 |
50,000 |
(150,000) |
(68,029) | 0 | 0 |
|
Total Administrative General |
549,121 |
406,391 |
388,769 |
347,378 | 449,511 | 583,035 |
| Aspen special assessment | 0 | 0 | see note
+ |
0 | 0 | 0 |
| HPUD assessments | 564,723 |
603,584 |
368,819 |
409,046 | 412,068 | 424,516 |
| Reserves/sinking fund (replacements) | 112,500 |
281,250 |
465,496 |
480,381 | 396,137 | 330,897 |
|
TOTAL EXPENSES |
1,721,127 |
1,739,254 |
1,740,048 |
1,737,932 | 1,729,262 | 1,816,720 |
| +A special assessment totaling approximately $2.3 million was approved at the November 8, 2008 owners meeting | ||||||
| * $20,000 of additional legal expense is provided for in this line item. | ||||||
| This page posted on October 28, 2011 | ||||||