Due to the fact that there was no budget or dues increase proposed for 2009, and because the Association Membership did not have a quorum present at the January 7, 2009 Budget Meeting, the proposed budget is now the adopted budget for 2009.
| Marigny Trace POA - Budget 2009 | |||||||
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| Expense | Company | Total / Year | Comments | ||||
| Lawncare | |||||||
| Lawn Maint. Contract | GroundHog | $8,850.00 | 40 Visits / Year | ||||
| Mulch/Seasonal Color | GroundHog | $1,076.00 | Semi-Annual Mulch and Seasonal Color | ||||
| Irrigation Repair | GroundHog | $1,300.00 | |||||
| Annual Bed Maint. | GroundHog | $2,750.00 | Chemical and other Treatments throughout | ||||
| the year | |||||||
| Committees | |||||||
| ACC | MTPOA | $250.00 | |||||
| Welcome Committee | MTPOA | $150.00 | |||||
| Decorations | MTPOA | $600.00 | |||||
| Garage Sale | MTPOA | $100.00 | |||||
| Elections | MTPOA | $250.00 | |||||
| Meetings | MTPOA | $250.00 | |||||
| Night Out | MTPOA | $150.00 | |||||
| Yard of the Month | MTPOA | $50.00 | |||||
| Capital Expenditures* | |||||||
| Rear Entrance Improvement | To Be Determined | $3,500.00 | Include monument sign, electricity, lighting | ||||
| landscaping | |||||||
| Cul de Sac Improvement | To Be Determined | $5,000.00 | Upgrade landscaping of all six cul de sacs | ||||
| Street Sign Replacement | To Be Determined | $2,600.00 | To include street names and STOP signs | ||||
| Due to expense, this will be a phased project | |||||||
| New Signs | To Be Determined | $900.00 | Three signs "MTPOA is a Covenant Enforced | ||||
| Community, No Soliciting" | |||||||
| Office/Correspondence | |||||||
| Newsletter | Terry Paul | $0.00 | |||||
| Miscellaneous | Various | $250.00 | P.O. Box and Copies, Etc. | ||||
| Copies | $500.00 | Covenants and Restrictions - copies | |||||
| Postage | $500.00 | Covenants and Restrictions - mailout | |||||
| Supplies | $50.00 | ||||||
| Office Other | $50.00 | ||||||
| Insurance/Legal | |||||||
| Association Insurance | Latter and Blum | $3,500.00 | General Liability / Officers & Directors/ Crime & Theft | ||||
| Legal Fees(reimbursable) | Lape Lawfirm | $2,000.00 | Dues collection / legal issues | ||||
| Secretary of State | Louisiana | $5.00 | |||||
| Liason w/ Parish/Utility | $50.00 | ||||||
| Shortfall | |||||||
| Delinquencies | Various | $1,800.00 | Average of 10 non-paying residents each year | ||||
| Utilities | |||||||
| Water | H2O Systems | $611.00 | Irrigation | ||||
| Electricity | WST | $360.00 | Entrance Sign Light | ||||
| Reserve Fund** | $10,000.00 | Emergency Fund - homowners association should | |||||
| always have $10,000 in this account | |||||||
| Bookkeep / Mgmt | GNO Prop.mgmt. | $3,888.00 | |||||
| Totals | $51,340.00 | ||||||
| Income | $29,340.00 | ||||||
| Capital Expenditures* | These items are a one time expenditure. The funds for these projects are provided | ||||||
| by cash in the association's checking account which has accumulated over the last | |||||||
| few years, including the collection of unpaid dues from 2005 to 2008. These expenditures | |||||||
| are in response to repeated requests for improvements by the residents of Marigny Trace | |||||||
| Reserve Fund** | This amount will be placed into an interest bearing account. The funds for this account | ||||||
| are from the collection of delinquent dues which is an ongoing process in the community. | |||||||
| These funds are to be used for Association emergencies. | |||||||