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| Grand Lake HOA | ||||||||
| Proposed Budget | ||||||||
| 2026 | ||||||||
| 2026 Budget (Proposed) | 2025 Budget | Notes | ||||||
| INCOME | ||||||||
| Association dues – $700/yr | $118,300.00 | $118,300.00 | ||||||
| Clubhouse rental | 1,300.00 | 1,900.00 | ||||||
| Late fee | 2,000.00 | 1,500.00 | ||||||
| Violation fine | 0.00 | 0.00 | ||||||
| Key fee | 0.00 | 0.00 | ||||||
| NSF fee | 0.00 | 0.00 | ||||||
| Legal fee | 0.00 | 0.00 | ||||||
| Interest Income | 0.00 | 0.00 | ||||||
| Other Income | 0.00 | 0.00 | ||||||
| Closing Fee | 0.00 | 0.00 | ||||||
| Total Income | $121,600.00 | $121,700.00 | ||||||
| SEA WALL RENOVATION – RESTRICTED | ||||||||
| Loan Debt Service – Paid off before end of 2025 year | – | $ 9,707.00 | ||||||
| EXPENSES | ||||||||
| Property Management | ||||||||
| Property Management Fee | 12,011.00 | 11,661.00 | 3% Increase included | |||||
| Vantaca Portal | 900.00 | 0.00 | $75/mo x 12 = 900 | |||||
| Postage | 200.00 | 2,100.00 | ||||||
| Total Property Management | 13,111.00 | 13,761.00 | ||||||
| Landscaping | ||||||||
| Landscaping Contract | 18,940.00 | 18,940.00 | keep last years budget amount, covers 3% increase | |||||
| Aqua Systems – Lake Algae Treatment | 0.00 | 0.00 | ||||||
| Bushhogging | 375.00 | 375.00 | ||||||
| Landscaping – Other | 0.00 | 0.00 | ||||||
| Irrigation System Repair | 1,000.00 | 1,000.00 | ||||||
| Hardscape Repairs & Improvements | 750.00 | 750.00 | ||||||
| Total | 21,065.00 | 21,065.00 | ||||||
| Clubhouse | ||||||||
| Cleaning Services | 2,200.00 | 2,000.00 | ||||||
| Consumable Supplies | 200.00 | 350.00 | janitorial supplies | |||||
| Pest Control & Termite Service | 300.00 | 625.00 | ||||||
| HVAC Service and Repair | 500.00 | 500.00 | ||||||
| Clubhouse General Maintenance & Repair | 750.00 | 750.00 | ||||||
| Insurance | 10,392.00 | 5,000.00 | split with prepaid expense; total for 2025 shd be 8,911.60; budget exceeded by 3,911.60 | |||||
| Real Estate Taxes | 3,515.00 | 3,229.00 | 2026 budge 10% increase | |||||
| Utilities | 7,500.00 | 4,125.00 | Beacon includes internet with utilties; rate increase and issues with pool & landscape irrigation | |||||
| Total | 25,357.00 | 16,579.00 | ||||||
| Pool | ||||||||
| Pool Maintenance Contract | 5,200.00 | 5,200.00 | ||||||
| Pool Chemicals | 4,810.00 | 4,810.00 | ||||||
| Pool Repairs | 650.00 | 650.00 | ||||||
| Pool Supplies | 225.00 | 150.00 | ||||||
| Total | 10,885.00 | 10,810.00 | ||||||
| Community Events | ||||||||
| Craft and Party Supplies | 0.00 | 150.00 | ||||||
| Association Events | 300.00 | 250.00 | ||||||
| Total | 300.00 | 400.00 | ||||||
| General | ||||||||
| Loan Payment + Addtl payment of principal | 34,554.00 | 24,800.00 | Continue payments from seawall loan as additional principal payment | |||||
| Bank Charges | 125.00 | 0.00 | loan renewal fee $579.49 | |||||
| Other Admin | 0.00 | 0.00 | ||||||
| Legal | 1,250.00 | 1,250.00 | ||||||
| Internet/Email Services | 0.00 | 1,625.00 | Beacon includes with utilities | |||||
| Total | 35,929.00 | 27,675.00 | ||||||
| Capital Improvements | ||||||||
| Technology Improvements | 500.00 | 1,250.00 | ||||||
| Clubhouse Furnishings | 1,000.00 | 1,000.00 | ||||||
| Pool Furnishings | 850.00 | 850.00 | ||||||
| Total | 2,350.00 | 3,100.00 | ||||||
| Additional Principal Payments on Debt | $5,293.00 | $15,000.00 | Acknowledging addt’l principal being pd monthly on big loan | |||||
| Transfer to Reserves | $7,310.00 | $3,603.00 | Reduce additional principal pymt amount to increase reserve transfer | |||||
| Total Expenses | $121,600.00 | $121,700.00 | ||||||
| Net Cash Flow | 0 | 0 | ||||||
| Expenditures per household (169) | $700.00 | 700.00 | ||||||