RMRA Year 2003 Budget Summary and Year 2004 Proposed Budget
Presented at the RMRA General Membership Meeting, March 4, 2004
| Year 2003 (Actual) | Year 2004 (Proposed) | |||
| Income | ||||
| Contributions | $ 0.00 | $ 0.00 | ||
| Guest Fees | $ 471.61 | $ 450.00 | ||
| Interest Earned | $ 93.96 | $ 100.00 | ||
| Membership Dues ($325 each) | $ 64,355.00 | $ 68,250.00 | Project 210 members, Dues due May 15 | |
| Miscellaneous Income | $ 50.00 | $ 50.00 | Reimburse for insurance rider | |
| Rental Income | $ 6,285.00 | $ 5,000.00 | No morning pool rental | |
| Share Purchase ($1,250 each) | $ 2,500 | $ 1,250.00 | Project 1 new share purchase | |
| Snack Sales | $ 398.94 | $ 0.00 | ||
| Total Income = | $ 74,154.51 | $ 75,100.00 | ||
| Expenses | ||||
| Bank Service Charge | $ 17.25 | $ 30.00 | ||
| Furniture | $ 0.00 | $ 6,000.00 | Lifeguard chairs, umbrellas, clubhouse furniture | |
| Insurance - Liability | $ 3,666.00 | $ 3,800.00 | ||
| Insurance - Workman's Comp | $ 989.00 | $ 1,100.00 | ||
| Lanscaping | $ 3,453 | $ 3,000.00 | ||
| Licenses/Permits | $ 25.00 | $ 25.00 | SCC registration fee | |
| Payroll Expenses | $ 20,191.55 | $ 23,400.00 | Manager, lifeguards | |
| Postage and Delivery | $121.98 | $ 150.00 | ||
| Bookkeeping | $ 1,025.25 | $ 1,250.00 | ||
| Repairs/Maint - Pool | $ 0.00 | $ 1,000.00 | ||
| Repairs/Maint - Building | $ 2,052.77 | $ 1,500.00 | Interior paint | |
| Social Activities | $ 43.60 | $ 50.00 | ||
| Supplies - Clubhouse | $ 729.93 | $ 800.00 | ||
| Supplies - Office | $ 188.43 | $ 300.00 | ||
| Supplies - Pool | $ 2,370.82 | $ 2,600.00 | ||
| Supplies - Snack Sales | $ 147.82 | $ 0.00 | ||
| Telephone | $ 313.27 | $ 350.00 | ||
| Utilities - Gas & Electric | $ 5,700.86 | $ 5,900.00 | ||
| Utilities - Sewer & Trash | $ 469.00 | $ 600.00 | ||
| Utilities - Water & HRSD | $ 1,112.40 | $ 1,300.00 | ||
| Legal Fees | $ 0.00 | $ 200.00 | ||
| Mortgage | $ 26445.00 | $ 26,445.00 | ||
| Pest/Termite Control | $ 110.00 | $ 450.00 | Includes termite contract | |
| Contingency | $ 0.00 | $ 0.00 | ||
| Total Expenses = | $ 69,172.39 | $ 80,250.00 | ||
| Reserve Account | ||||
| Beginning of Year | $ 44,291.53 | $ 49,273.65 | ||
| Addition from Yearly Budget | $ 4,982.12 | -$ 5,150.00 | ||
| End of Year Balance = | $ 49,273.65 | $ 44,123.65 | ||
| Mortgage Balance at End of Year | $ 207,304.16 |