Click here to view the 2004 Balance Sheet Click here to view the 2004 Profit and Loss Statement, Budget vs. Actual 2003 Proposed Budget INCOME Operating Income Assessment - Operating $11,312.00 Assessment - Late Charge $0.00 Interest Income - Operating $0.00 Total Operating Income $11,312.00 Replacement Fund Income Assessment - Reserve $1,131.20 Interest Income - Reserve $41.50 Total Replacement Fund Income $1,172.70 Total Income $12,484.70 OPERATING EXPENSES: Exterior Expenses General Maintenance Expenses $900.00 Landscaping Maintenance $825.00 Snow Removal - Ground $1,350.00 Snow Removal - Roof $500.00 Painting $0.00 Trash Removal $1,440.00 Window Washing $200.00 Miscellaneous $50.00 Total Exterior Expenses $5,265.00 Interior Maintenance Expenses Commons Janitorial $900.00 Janitorial Supplies $100.00 General Maintenance Interior $0.00 Miscellaneous $100.00 Total Interior Maintenance Expenses $1,150.00 Utilities Expenses Water & Sewer $600.00 Electricity $1,050.00 Natural Gas $0.00 Total Utilities Expense $1,650.00 Taxes/Insurance Expense Insurance - Liability and Flood $1,050.00 Directors & Officers Insurance $650.00 Tax Returns $125.00 Total Taxes/Insurance Expenses $1,825.00 Administration Expenses Management Fee $960.00 Copies/Postage/Etc. $157.00 Legal Fees $0.00 Licenses, Permits, Filing Fees $25.00 Professional Fees $100.00 Teleconference $60.00 Misc. Bank Charge $120.00 Total Administration Expenses $1,422.00 Total Operating Expenses $11,312.00 Replacement Fund Expenses Reserve Interest Expense $41.50 Reserve Funding Expense $1,131.32 Total Replacement Fund Expenses $1,172.70 Total Income $12,484.70 Total Operating & Replacement Expenses $12,484.70 Net Profit/Loss $0.00 Owner % 2003 Proposed Unit per Square Foot Monthly Dues Bldg. C - Unit 4 50.49% $555.25 Bldg. C - Unit 5 49.51% $544.53 Total 100.00% $1,099.78