Archive for April, 2008

Had to make a few revisions to my proposed budget. After enlisting some help to do the “groundwork” I discovered that the number of lots and homes I had been given was not correct.  There are actually 72 homes and 24 lots.  This meant a few more cuts and a little more dues. What I came up with is posted below. Hope to see you all at the meeting!
 
Dana 



 

 

 

 

 

Jan – Dec 08

 

 

Ordinary Income/Expense in Pesos

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

 

Improved Lots (72 lots x US$870) x 10.5 to convert to pesos

 

657,720.00 

 

 

 

 

Unimproved Lots (24 lots x US$470) x 10.5 to convert to pesos

 

118,440.00 

 

 

 

Total Income in Pesos

 

 

776,160.00 

 

 

 

Expense in Pesos

 

 

 

 

 

 

 

Bank Service Charges

 

 

 

 

 

 

 

Com Minima por uso enlace

24,000.00 

 

 

 

 

 

I.V.A. por comision

3,600.00 

 

 

 

 

 

Bank Service Charges – Other

1,200.00 

 

 

 

 

Total Bank Service Charges

 

 

28,800.00 

 

 

 

Payroll Expenses

 

 

 

 

 

 

 

Social Security

32,200.00 

 

 

 

 

 

Wages

135,000.00 

 

 

 

 

Total Payroll Expenses

 

 

167,200.00 

 

 

 

 

 

 

 

 

 

 

Professional Fees , Roads & others

 

 

 

 

 

 

 

Consulting ( Javier Copca )

151,200.00 

 

 

 

 

 

Legal & Collection Expense

200,000.00 

 

 

 

 

 

Road Maint.

50,000.00 

 

 

 

 

 

Total

 

401,200.00 

 

 

 

 

 

 

 

 

 

 

Program Expense

 

5,000.00 

 

 

 

 

 

total

 

5,000.00 

 

 

 

 

 

 

 

 

 

 

Security Expense

 

 

 

 

 

 

 

Gasoline

6000.00

 

 

 

 

 

Repairs & maintence

4800.00

 

 

 

 

 

Purchase 2 quads (paid with Assesment)

0.00

 

 

 

 

 

Gates, Signs & Uniforms

7160.00

 

 

 

 

 

Holiday Pay

16000.00

 

 

 

 

 

Vacation Pay

11000.00

 

 

 

 

 

Total Secirity Expense

 

44,960.00 

 

 

 

 

 

 

 

 

 

 

 

Total  State Taxes

 

12,000.00 

 

 

 

Contingency (10%)

 

80,000.00 

80,000.00 

 

 

 

Trash

 

 

 

 

 

 

 

Disposal

37,000.00 

 

 

 

 

Total Trash

 

 

37,000.00 

 

 

Total Expense

 

 

 

776,160.00 

 

Net Ordinary Income

 

 

 

0.00 

 

Net Income

 

 

 

 

0.00 

 

I realize that we must vote on the budget that was presented. I am also ok with that budget. I would like to propose a modified budget and dues structure that might meet with additional approval.  I based the revenue on a dues schedule of $800 per lot with a home and $400 without.  Many of you want to have the unimproved lots pay the same as a house, others want to count living units and charge on living units, some are even opposed to a rate increase at all. I have heard others say that regardless of the number of kitchens or baths, many invite just as many if not more guests to “single” family homes as someone with a casita. What I am proposing is a compromise. Increase the dues on lots with a structure to a flat $800 per year and $400 for an unimproved lot.   That way, number one, we meet the budget, secondly, the unimproved lots are paying half the cost of an improved lot instead of the current one third, again, a compromise. I welcome any constructive comments. – Dana Duncan
 
Proposed budget 
 

 

 

 

 

 

Jan – Dec 08

 

 

Ordinary Income/Expense in Pesos

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

 

Improved Lots (85 lots x US$800) x 10 to convert to pesos

 

680,000.00 

 

 

 

 

Unimproved Lots (27 lots x US$400) x 10 to convert to pesos

 

108,000.00 

 

 

 

Total Income in Pesos

 

 

788,000.00 

 

 

 

Expense in Pesos

 

 

 

 

 

 

 

Bank Service Charges

 

 

 

 

 

 

 

Com Minima por uso enlace

24,000.00 

 

 

 

 

 

I.V.A. por comision

3,600.00 

 

 

 

 

 

Bank Service Charges – Other

1,200.00 

 

 

 

 

Total Bank Service Charges

 

 

28,800.00 

 

 

 

Payroll Expenses

 

 

 

 

 

 

 

Social Security

32,200.00 

 

 

 

 

 

Wages

135,000.00 

 

 

 

 

Total Payroll Expenses

 

 

167,200.00 

 

 

 

 

 

 

 

 

 

 

Professional Fees , Roads & others

 

 

 

 

 

 

 

Consulting ( Javier Copca )

151,200.00 

 

 

 

 

 

Legal & Collection Expense

200,000.00 

 

 

 

 

 

Road Maint.

50,000.00 

 

 

 

 

 

Total

 

401,200.00 

 

 

 

 

 

 

 

 

 

 

Program Expense

 

5,000.00 

 

 

 

 

 

total

 

5,000.00 

 

 

 

 

 

 

 

 

 

 

Security Expense

 

 

 

 

 

 

 

Gasoline

6000.00

 

 

 

 

 

Repairs & maintence

4800.00

 

 

 

 

 

Purchase 2 quads (paid with Assesment)

0.00

 

 

 

 

 

Gates, Signs & Uniforms

10000.00

 

 

 

 

 

Holiday Pay

16000.00

 

 

 

 

 

Vacation Pay

11000.00

 

 

 

 

 

Total Secirity Expense

 

47,800.00 

 

 

 

 

 

 

 

 

 

 

 

Total  State Taxes

 

12,000.00 

 

 

 

Contingency (10%)

 

89,000.00 

89,000.00 

 

 

 

Trash

 

 

 

 

 

 

 

Disposal

37,000.00 

 

 

 

 

Total Trash

 

 

37,000.00 

 

 

Total Expense

 

 

 

788,000.00 

 

Net Ordinary Income

 

 

 

0.00 

 

Net Income

 

 

 

 

0.00 

 

 

ELECTRICAL COMMITTEE REPORT 

 

COMMITTEE REPORT TO THE BOARD   …for the MEMBERS 

 

Jim Jasin 

 

Saturday, April 05, 2008 

 

 

 

To the HOA members This memo is intended to share information on the power committee findings. As our disclaimer 

we advise you that we are in Mexico and what we learned in the past may not be accurate today. This is what we 

know today. CFE is the Mexican electric power utility in RP. They sell power to the residential community. They have 

two residential programs. These can be found on their website.  

 

               www.cfe.gob.mx./aplicaciones/ccfe/tarifas/tarifas/Tasifas.asp ?Tarifa=OM  

 

The low usage customer can chose the O-M program. It is good for those that estimate their usage to be up to 100 

KW per month. The cost per KW is 1.001 pesos about $.10 per KW. In MN we pay $.09 per KW. Almost the same. 

CFE has a 2nd program for the large residential user. It is based on the time of day you use power with the highest 

rate for power consumed between 8PM and 10P in the summer. It goes as high as 1.8630 pesos per KW. In the 

medium/low time it is about 1pesos per KW. You can get the exact rates from their website. If you chose to hookup 

and not use power the fee is 20 pesos per month. Also you don’t need to hookup if you don’t want. We do not need 

100% participation . In addition the homeowner has the option to not run a secondary line from the meter to the panel. 

Going back towards the substation there are several steps we need to consider First we must put in an underground 

system in the subdivision. This will include a 13.2KV underground line that runs the length of our road. Off this there 

will be drops that run to the transformers. Each transformer can feed 4 to 6 houses. Then we need 120/240volt drops 

to the meter sockets. We need to decide how much service each home will need, 100 amp or 200amp service. We 

need to hire a contractor to do this installation. When it is complete and operating we turn it over to CFE. They then 

own it, operate it and maintain it. We will work with CSI the local contractor to give us a price. The next step is to get 

13.2KV from the substation on the highway to our subdivision. There are many options being investigated. One is to 

work with Mayan Palace. We had a meeting with them last month that went well. The other option is to run our own 

line and turn it over to CFE. We are woking with CFE and CSI on options. By the time of our meeting we hope to have 

a questionair to handout to get some idea of the level of our HOA interest. 

April 19, 2008
9:00 am

proxy-41908.doc

April 19, 2008
10:00 amto2:00 pm

4192008-hoa-call-and-agenda.doc

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