A summary of the 2025 Lakes of Coppell Budget is shown below. If you have any questions, please feel free to contact Donna Haster by email here.
| Item | 2025 | Description |
|---|---|---|
| Revenues | ||
| Assessments LOC homes | $722,050.39 | Assessments are based on each owner paying $.1155 for every $100.00 valuation assessed by the county and a 25% (.028875/$100) one time 2025 assessment rebate for each owner to be applied to outstanding legal fees, fines, interest, other non assessment amounts, and then assessments, in that order. |
| Other Income | $34,409.30 | Income is based on interest earned on invested reserve and operating funds. |
| Total | $756,459.69 | |
| Expenses | ||
| Management Fees | $53,928.00 | Budget is for full service management program, including finance and accounting services, administrative and clerical services and physical property supervision, contract negotiation and day-to-day representation of the Association. |
| Professional Fees | $24,969.50 | Budget is for Attorney Fees, Audit, Tax Preparation, Community Mailings & Other Professional Fees. |
| Supplies | $18,496.87 | Budget is for postage, envelopes, labels, file filers, assessment statements, copies, & scanned documents. |
| Insurance | $40,625.63 | Budget is for General Liability, Auto, Fidelity and Directors & Officers Insurance coverage. |
| Taxes | $10,547.79 | Budget is for Federal Income Taxes, Property Taxes and Franchise Fee. |
| Other Miscellaneous | $2,272.65 | Budget is for sales tax addendums, and record/electronic storage. |
| Community Activities | $14,804.80 | Budget is for Community Activities expenses including Annual Meeting, Family Fun Day, Block Party and Website. |
| Landscape & Common Area Maintenance | ||
| Utilities | $113,396.75 | Water and electric charges for the common areas. |
| Maintenance | $276,627.44 | Maintenance includes routine maintenance of the common areas including but not limited to seasonal color changes, tree trimming/thinning, lighting maintenance/repairs, site signage, pest control, mulch, and landscape improvements. |
| Fountains | $16,392.00 | Provides for the maintenance and repairs of the fountain(s). |
| Irrigation | $45,562.00 | Provides for the routine maintenance and repairs of the irrigation systems. |
| Lakes | $24,598.84 | Provides for the routine maintenance and chemicals for the lake and fountains |
| Repair & Replacement Reserves | $114,237.42 | Provides for future repair and replacement funds designated for the commonly owned association assets. |
| Total | $756,459.69 | |