2016 Great Oak Budget

Finance & Legal: Budget 2015-11-04

Summary:

Budget for 2016
Projected income and expenses for 2016 listed below.
Complete 2016 budget document is viewable at:
https://docs.google.com/spreadsheets/d/1Zz31FmwN_ZORl7Pvjf-wCPqouTUQ5bg0qxUOcvGG-qI/edit#gid=4

Background:

Approved at 11/4/2015 community meeting.
Also discussed on 10/7.

Proposal:

2016 PROJECTED INCOME
CH Donations for CH Use -$600.00
CH Guest room usage $0.00
CH Touchstone CH Share $0.00
CH CH Renters Office Phone -$504.00
CH CH Office rent at 80% occupancy -$4,844.50

Finance Reserve and Savings Interest -$2,675.00

Grounds Truck Usage -$350.00

Finance Late fee income -$700.00

Income Total -$9,673.50


2016 PROJECTED EXPENSES

Buildings Backflow preventer inspection $750.00
Buildings Fire suppression inspection $850.00
Buildings Contribute to Buildings Savings $0.00
Buildings Buildings maintenance $10,000.00

Buildings Total $11,600.00


CH Kitchen Improvements Rollover $0.00
CH CH Improvements $800.00
CH CH Maintenance $4,500.00
CH CH Utilities
CH CH Solar PV reserve fund note service $3,600.00
CH CH Electric $1,300.00
CH CH Gas $2,000.00
CH Solar hot water $0.00
CH CH water/sewer $2,200.00
CH Garage/Parking lot electric $1,100.00
CH Satellite TV $1,200.00
CH Workshop Electric and Gas $800.00
CH Donation to Work Skills $500.00

CH Total $18,000.00


Finance Bookkeeping/Operating $700.00
Finance Savings account for Certified Audit $1,000.00
Finance Insurance $7,885.00
Finance Insurance deductible $0.00
Finance Contribution to reserve fund from interest/dividend income $2,675.00
Finance Professional bookkeeper $2,200.00
Finance Professional fees $5,000.00
Finance Truck insurance and fees $1,300.00
Finance Workshop construction loan (pay off 2022) $1,406.00
Finance Bad debt writeoff $0.00

Finance Total $22,166.00


Grounds Touchstone Recycling Share
Grounds Touchstone Snow Plow Share
Grounds Improvement savings fund $1,000.00
Grounds Equipment and supplies $500.00
Grounds Garbage removal $1,500.00
Grounds Garden operating $150.00
Grounds Garden sprinkler maintenance $150.00
Grounds Garden water line addition
Grounds Garden water usage and meter cost $300.00
Grounds Improvement projects $2,000.00
Grounds Landscape maintenance $1,500.00
Grounds Mowing $1,820.00
Grounds Outdoor lighting electricity $42.00
Grounds Recycling $1,500.00
Grounds Residential water/sewer total $20,500.00
Grounds Snow removal operating $1,000.00
Grounds Truck maintenance savings $0.00
Grounds Truck operating $700.00
Grounds Umbrellas and seating $500.00
Grounds Asphalt repair savings $400.00
Grounds Patio paver maintenance $500.00

Grounds Total $34,062.00


Membership Caring Committee $425.00
Membership Cohousing Association Donation $200.00
Membership Communities magazine $25.00
Membership Consumer Reports online $26.00
Membership FIC membership $100.00
Membership Fun committee operating $750.00
Membership Outreach $150.00
Membership Printing and Supplies $100.00
Work Work day breakfast/lunch/treat $360.00

Membership Total $2,136.00


Process Archives $50.00
Process Display materials $0.00
Process Meeting supplies $200.00
Process Member resources $200.00
Process Faciliation training $500.00
Process Skills & Thrills $1,700.00

Process Total $2,650.00


Steering Critical needs $2,000.00
Steering Total $2,000.00


Tech Internet & CH phone $5,700.00
Tech Operating $100.00
Tech Website hosting $600.00

Tech Total $6,400.00


Income tax rate % 30.00%
Income tax $2,902.05
Income tax credit for Solar PV installation (30% of 2013 cost of $61376 = $18443) -$2,902.05
CH Solar PV loan payoff $4,500.00
Required Expenses $73,108.00
Discretionary Expenses $25,906.00
Total Expenses $103,514.00
Grand Total Expenses $103,514.00
Income (non-HOA) -$9,673.50
Without Surplus Total Operating $93,840.50