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Reserve 2021 - 2022 Budget

THE RESERVE AT BATTLE CREEK HOA, INC.
 PROPOSED 2021-22 BUDGET
           
       Projected
Expenses
Current
Budget Year
($) 
Current
2020-2021
Budget
($)
Proposed
2021-2022
Budget
($)
Receipts      
  Projected Receipts:
        164 Homeowners times $288.00
           47,232.00         47,232.00           47,232.00
           
Transfer to Savings - $100 monthly              1,200.00           1,200.00             1,200.00
Expenses      
  Administrative fees (Bank charges,
         filing fees, notary)
                          -                      -                        -  
  Community Activities                           -               350.00               350.00
  Insurance Expense              1,560.00              1,394.00             1,600.00
  Landscaping         27,340.00            27,000.00           27,000.00
     Includes Landscape design, mowing and maintenance, plants/shrubs, seasonal color, weed control, tree maintenance       
  Miscellaneous                  280.00                  300.00               300.00
  Office expense (copies, printing, postage)                  687.00                  700.00               650.00
  Professional Fees      
     Management Fees ($615/mo.)               7,800.00              7,800.00             7,800.00
     Legal Fees                            -                    200.00               100.00
     Tax Preparation                   160.00                  200.00               190.00
  Repairs and Maintenance              2,200.00              2,500.00             2,200.00
     Includes fencing, irrigation, ponds and fountains, miscellaneous       
  Seasonal Decorations              1,500.00              1,200.00             1,600.00
  Storage Facility Rental                  324.00             350.00               350.00
  Taxes                       6.00                 8.00                 10.00
  Utilities      
     Electric               1,335.00           1,450.00             1,352.00
     Water               2,355.00           2,400.00             2,350.00
  Website                    30.00               30.00                 30.00
  Zoom Account Annual Fee                  150.00             150.00               150.00
  Total Expenses (Including Transfer to Savings)            46,927.00         47,232.00           47,232.00
Net Under Budget Projection for Current Year                  305.00                        -  
        Bold figures represent a change from the current budget.


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