| 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 |
|
|
| 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. |
| 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 |
|