2021 Proposed Operating Budget

BLAKEFIELD HOMEOWNERS ASSOCIATION, INC.
2021 PROPOSED BUDGET

Sources of Income:

– Bank balance forward……………… $ 38, 516.47
– 2021 Annual assessments (248 lots @ $100)……………… $ 24,800.00
– Legal Fees and Emergency……………… – $ 10,000. 00
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Total Projected Income by January 31, 2021……………… $ 53,316.47

2021 Proposed Net Operating Expenses

Business/Administrative Expenses
– Common area maintenance ……………… $ 4000.00
– Liability insurance ……………… $ 550.00
– Office/admin costs (Supplies)……………… $ 500.00
– Tax preparation……………… $ 250.00
– Web site……………… $ 600.00
– Postage (PO Box, Stamps, etc.)……………… $ 500.00
– Electricity (Duke Energy)……………… $ 800.00
– PWC (Water)……………… $ 900.00
– Improvement Project(s)……………… $ 1000.00
(Entrance Fence Repair, cleaning, staining)
– Community Event(s)/Committee Meetings……………… $ 2000.00
– Law Enforcement Security……………… $ 2000.00
– Computers (Laptop)……………… $ 1500.00
– Street Cleaning……………… $ 2,000.00

Expected Expenses
– Surveillance Cameras (2)……………… $ 3500.00
– Storage Unit……………… $ 600.00
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Proposed Net Operating Total: $ 20,700.00

Projected Account Total by December 31, 2021: $53,316.47 -$20, 700.00 = $32,616.47