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Upcoming Events
Febrary Board Meeting
February 12th, 2024; 6:30pm
Rosa's Cafe & Tortilla Factory
705 Denton Tap Rd.
Coppell, TX 75019
Lakes of Coppell Annual Meeting
March 12th, 2024; 7:00pm
Cozby Library & Community Commons
177 N. Heartz Rd.
Coppell, TX 75019
More info here

2025 Lakes of Coppell Budget

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