NORTH VILLAGES CONDOMINIUM ASSOCIATION, INC.

For a printable (PDF) version -          2008 Budget (PDF)
                                                                 2007 Budget (PDF)
2007
Year - End

$132,840
$7,520
$ 700
$1,000

$,142, 060
2007
Budget

$132,840
$7,520
$700
$1,000

$142,060

Annual Assessments:
Garage Income
Interest/Late Fees
Working Capital (Settlement Income)

Total Income
Expenses        
Administrative        
Clerical (was office supplies / postage)
Audit
Legal
Management Fees
Insurance
Council Discretionary Fund
Utilities        
Electricity
Water & Sewer
Telephone
Repairs/Maintenance        
Building Maintenance
Power Washing - Buildings
General Clean-up
Grounds Supplies
Pond/ Aerator Maintenance
Irrigation System
Service Agreements        
Termite Contract ($205 per building)
Lawn Maintenance
Landscape Enhancements
Fire Alarm Contract
Fire Safety Equipment/Emergency Calls
Snow Removal
Trash Removal
Taxes & Licenses        
Franchise Tax
Miscellaneous

Total Expenses

Net Income / Expenses

Reserve Contribution        
Long Term Reserve Contribution
Bird Netting (hallway ceilings)
Insurance Claim


$1,000
$1,500
$1,200
$16,200
$26,000
$-   

$6,289
$17,841
$4,836

$13,000
$7,425
$500
$ --
$2,000
$550

$1,121
$21,000
$165
$1,200
$300
$300
$8739

$25
$500

$131,691

$10,369


$1,200
$1,500
$500
$16,200
$26,000
$6,985

$7,200
$22,000
$3,700

$13,000
$--
$1,000
$600
$2,000
$550

$1,025
$21,000
$2,000
$2,325
$2,000
$1,000
$7,000

$25
$250

$139,060

$3,000
NOTES:                        
CONDO FEE STRUCTURE                
2004: 3 BR-30@$1,053   2 BR-60@$823                
2005: 3 BR-30@$1,280   2 BR-60@$1,000                      
2006: 3 BR-30@$1,728   2 BR-60@$1,350      (Dues Increased by 35%)     
2007: 3 BR-30@$1,728   2 BR-60@$1,350
2008: 3 BR-30@$1,728   2 BR-60@$1,350     
         
GARAGE FEE STRUCTURE                
2005: small garage $195, large garage $284                
2006: small garage $195, large garage $284        
2007: small garage $195, large garage $284   
2008: small garage $195, large garage $284          
         
RESERVE CONTRIBUTION STRUCTURE                
$400 per unit per year ($100/quarter)                


$1,000
$1,500
$500
$18,900
$26,000
$-   

$7,200
$20,000
$5,000

$15,000
$7,500
$500
$600
$2,000
$550

$1,200
15,000
$-   
$2,325
$2,000
$1,000
$9,000

$25
$250

$137,050

$5,010
Condo Association Budget
NVCA
Budget
2008
Budget

$132,840
$7,520
$700
$1,000

$142,060
INCOME