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 

 

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