ravensway saracen park home association ravensway saracen park it costs a lot to run a neighborhood...
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Ravensway Ravensway Saracen ParkSaracen Park
Home Home AssociationAssociation
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhood It costs a lot to run a neighborhood Administrative expense Administrative expense $67,080$67,080 Amenities operationsAmenities operations $127,700$127,700 Community ServicesCommunity Services $118,100$118,100 Capital improvementsCapital improvements $40,000$40,000 Delinquency collectionDelinquency collection $12,900$12,900 Deed restriction enforcement Deed restriction enforcement $15,500$15,500
2006 budgeted expenses $453,280
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhood
Where does the money Go?Where does the money Go?
Ravensway Saracen ParkRavensway Saracen Park
Administrative cost 2006Administrative cost 2006BANK CHARGES 350
BILLING & ACCOUNTING 8,600
CPA & AUDIT FEES 1,825
D&O LIABILITY 3,100
DONATIONS 175
DUES & SUBSCRIPTIONS 50
FEDERAL TAXES 100
LEGAL FEES 10,000
MANAGEMENT FEES 7,000
MISCELLANEOUS 500
OFFICE SUPPLIES 800
POSTAGE 2,800
PRINTING & COPIES 1,700
PROPERTY TAXES 80
PROP/LIAB INSURANCE 30,000
$67,080
Ravensway Saracen ParkRavensway Saracen Park
Amenities Operations 2006Amenities Operations 2006CLUBHOUSE OPERATIONS 10,000
CLUBHOUSE REPAIRS 8,000
ELECTRICITY 8,400
ACTIVITIES EXPENSE 3,000
STABLES EXPENSE 0
SWIM TEAM EXPENSE 0
GENERAL SUPPLIES 700
LANDSCAPE CONTRACT 29,000
LANDSCAPE - OTHER 6,300
OTHER REPAIRS 5,000
PEST CONTROL - AMENITIES 1,300
PLAYGROUND REPAIRS 200
POOL MANAGEMENT 38,500
POOL REPAIRS 3,600
POOL SUPPLIES 2,800
TELEPHONE 3,000
TENNIS COURT REPAIRS 1,800
WATER & SEWER 6,100 $127,700
Ravensway Saracen ParkRavensway Saracen Park
Community services 2006Community services 2006
NEIGHBORHOOD EVENTS 4,500
POWDERHORN EXPENSES 0
MOSQUITO FOGGING 900
PATROL - CONTRACT 51,200
PATROL - EXPENSES 1,000
STREET LIGHTS 54,000 $118,100
Ravensway Saracen ParkRavensway Saracen Park
Capital Improvements 2006Capital Improvements 2006
SMALL POOL IMPROVEMENTS (replaster) 2,500
LARGE POOL IMPROVEMENTS (diving board) 2,500
RAVENSWAY SIGN 15,000
STREET LIGHT 2,000
NEW PLANTS FOR TENNIS COURTS 4,000
TENNIS/B-BALL IMPROVE (courts 3 and 4) 14,000
$40,000
Ravensway Saracen ParkRavensway Saracen Park
Delinquency Collections 2006Delinquency Collections 2006
DC - INSTALLMENTS 600
DC - INVOICES & DEMANDS3,50
0
DC - LIENS1,50
0
DC - LEGAL FEES6,00
0
DC - TITLE SEARCHES1,30
0 $12,900
Ravensway Saracen ParkRavensway Saracen Park
Deed Restriction EnforcementDeed Restriction Enforcement
DR - INSPECT & LETTERS 9,900
DR - LAWN MNTENANCE 0
DR - PICTURES & DEMANDS 1,600
DR - LEGAL FEES 3,800
DR - TITLE SEARCHES 200 $15,500
Ravensway Saracen ParkRavensway Saracen Park
Our Income 2006Our Income 2006CURRENT ASSESSMENTS 268,000
PRIOR YR ASSESSMENTS 2,200
POOL REGISTRATION 100
INT INCOME - OPERATING 3,900
INT INCOME - RESERVE 3,850
OTHER INCOME 0
ACTIVITIES INCOME 0
POWDERHORN 0
STABLES INCOME 0
SWIM TEAM INCOME 0
LATE FEES 3,000
REIMB. COLLECTIONS 4,200
REIMB. LEGAL FEES 5,000
REIMB. LAWN FEES 50
RENTAL - CLBHSE/POOL 2,000
$292,300
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhood
TOTAL ASSOCIATION EXPENSES $374,780
TOTAL ASSOCIATION INCOME $292,300
2006
Net Income (loss) ($82,480)
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhood
Where have we been?Where have we been?
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhood2000 YEAR 2001 YEAR 2002 YEAR 2003 YEAR 2004 YEAR 2005 YEAR 2006 YEAR percentage
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET change
2000 v 2006
TOTAL ADMINISTRATIVE EXPENSE
35,198
37,279
46,764 49,284 48,563 54,003 67,080 90.58%
TOTAL AMENITIES OPERATIONS
114,205
143,656
114,91
5 123,131 129,151 118,009 127,700 11.82%
TOTAL COMMUNITY SERVICES
82,151
87,992
80,510 84,925 79,264 105,647 111,600 35.85%
TOTAL CAPITAL IMPROVEMENTS
47,590
14,135
9,402 77,407 8,205 33,409 40,000
TOTAL DELINQUENCY COLLECTION
3,67
8
3,851
11,653 10,023 10,423 16,754 12,900 250.73%
TOTAL DEED REST ENFORCEMENT
8,52
7
9,383
10,003 10,263 13,141 14,226 15,500 81.78%
TOTAL ASSOCIATION EXPENSES
291,349
296,296
273,24
7
35
5,033
28
8,747
342,04
8
374,78
0 28.64%
TOTAL ASSOCIATION INCOME
311,773
289,511
281,38
5 286,497 292,154 296,755 292,300 93.75%
NET INCOME (LOSS)
20,424 (6,785)
8,138
(68,536)
3,407
(45,293
)
(82,480
)
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the lastIn the last
7 years 7 years
We have collected We have collected
$2,050,375$2,050,375
In assessmentsIn assessmentsA zero% increase in this time frameA zero% increase in this time frame
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the lastIn the last7 years 7 years
We spentWe spent$870,767$870,767
In operating amenitiesIn operating amenities an 11% increase in this time framean 11% increase in this time frame
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the lastIn the last
7 years 7 years
capital improvements capital improvements totalingtotaling
$230,148$230,148
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the lastIn the last7 years 7 years
We spentWe spent$632,089$632,089
In community servicesIn community services a 41% increase in this time framea 41% increase in this time frame
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the lastIn the last
7 years 7 years
We spentWe spent
$69,282$69,282 to collect from delinquent to collect from delinquent
homeownershomeownersA 250% increase in this time frameA 250% increase in this time frame
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the lastIn the last
7 years 7 years
We spentWe spent
$81,043$81,043
To enforce deed restrictionsTo enforce deed restrictionsAn 81% increase in this time frameAn 81% increase in this time frame
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the lastIn the last
7 years 7 years
We have a total net lossWe have a total net loss
-$171,125-$171,125
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the last In the last
17 years17 years
AssessmentsAssessments
Have Have notnot been raised been raised
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodIn the next year or twoIn the next year or two
We We
Will have to decide Will have to decide
What we can do with outWhat we can do with outYou balance a budget by spending less You balance a budget by spending less
OrOr
Generate more incomeGenerate more income
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhood
Turn off the street lights save Turn off the street lights save $54,000$54,000
No mosquito fogging saveNo mosquito fogging save $900 $900
No activities budget saveNo activities budget save $7500 $7500
No sheriff's patrol saveNo sheriff's patrol save $52,000 $52,000
No capital improvements saveNo capital improvements save $40,000 $40,000
Cut pool operating hours saveCut pool operating hours save $7,000 $7,000
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodYou can’t cut back services and repairs You can’t cut back services and repairs
and keep the quality of life and the and keep the quality of life and the property values.property values.
Our electric for example has gone up Our electric for example has gone up by 30% in the last yearby 30% in the last year
How can you expect to keep the How can you expect to keep the assessment the same for 17 years?assessment the same for 17 years?
A yes vote is what will make the A yes vote is what will make the differencedifference
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhood
2 years of losses like this and the 2 years of losses like this and the HOA will have no choice but to HOA will have no choice but to cut services to stay aroundcut services to stay around
Ravensway Saracen ParkRavensway Saracen Park
It costs a lot to run a neighborhoodIt costs a lot to run a neighborhoodYou DecideYou Decide!!
Turn off the street lights save Turn off the street lights save $54,000$54,000
No mosquito fogging saveNo mosquito fogging save $900 $900
No activities budget saveNo activities budget save $7500 $7500
No sheriff's patrol saveNo sheriff's patrol save $52,000 $52,000
No capital improvements saveNo capital improvements save $40,000 $40,000
Cut pool operating hours saveCut pool operating hours save $7,000 $7,000
OR Vote YES!OR Vote YES!