My proposed budget

April 14th, 2008 |

Author: admin

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

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My proposed budget

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