*

MONEY

Where does all the money go?

 

I believe the HOA is taking in around $85,000.00 annually. Thatís around 380 homes paying the dues plus rental of clubhouse.

 

I know that the HOA is having the pool repaired at a cost of I think $28,000.00, but that is good for another 10 years at least.

I support repairing the pool, it and the clubhouse is a center piece for luring new home owners to Stardust.

 

HOA DUES

PER YEAR

 

 

 

 

 

 

 

$220.00

Per Home

 

 

 

385

Paying Homes

 

 

 

 

Clubhouse Rental

Estimate

$2,000.00

 

 

 

 

 

 

 

Total for year

 

$86,700.00

 

 

 

 

 

 

 

 

 

 

 

Expense Categories

 

 

 

 

 

 

 

 

 

 

Clubhouse

 

Budget

$25,000.00

 

 

 

 

 

 

 

Repairs and Maintenance

 

$3,000.00

 

 

Utilities

 

$10,000.00

 

 

Labor

 

$5,000.00

 

 

 

 

 

 

 

Total

 

$18,000.00

 

 

 

 

 

 

Grounds and Maintenance

 

Budget

$15,000.00

 

 

 

 

 

 

 

Repairs on Equipment

 

$2,000.00

 

 

Pay labor for mowing

 

$5,000.00

 

 

Tree removal

 

$2,000.00

 

 

Heavy Trash Days

 

$2,000.00

 

 

Stock Ponds

 

$3,000.00

 

 

Repair Pool

 

$28,000.00

 

 

 

 

 

 

 

Total

 

$42,000.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$26,700.00

 

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