BUDGET

The OLCA Budget for fiscal year 2019-20 was posted in the March 2019 Newsletter and approved by Membership mail-in ballot vote. Both are available on this website for reference (Newsletters/ Ballots).

The OLCA Budgets for fiscal year 2018-19 and 2017-18 were posted in the March Newsletters for 2018 and 2019 respectively, and approved by Membership mail-in ballot vote. This documents are available on this website for reference (Newsletters/ Ballots).

The OLCA Budget for 2016-17 was posted in the June 2016 Newsletter and approved by Membership mail-in ballot vote. Both are available on this website for reference (Newsletters/ Ballots).

Click on each item below for a explanation of that budget item.

Administrative Expense 2015-2016
(proposed)
2014-2015 2013-2014 2012-2013 2011-2012 2010-2011 2009-2010 2008-2009 2007-2008
Accounts Receivable/Payable  with
Bookkeeper
$18,000.00 $11,000.00 $11,000.00 $12,000.00 $7,800.00 $7,800.00 $6,000.00
Minutes Recorder $4,200.00 $4,000.00 $4,000.00 $3,500.00 $4,000.00 $3,200.00 $3,200.00 $2,500.00
Bookkeeper
$24,000.00 $20,400.00 $15,500.00 $15,500.00 $15,000.00 $10,000.00 $8,000.00 $15,000.00
Ballot Tabulation $0 $500.00 $350.00 $400.00 $350.00 $300.00 $300.00 $300.00
BOD Liability Insurance $13,500.00 $3,500.00 $3,500.00 $3,500.00 $4,000.00 $3,500.00 $3,500.00 $3,500.00
Bond Insurance $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
CPA $6,000.00 $6,000.00 $5,000.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $2,500.00
Legal/Professional Fees $5000.00 $6,000.00 $5,000.00 $5,000.00 $5,000.00 $7,000.00 $3,000.00 $3,000.00
Liens Expenses see Collections $5,000.00 $5,000.00 $4,000.00 $5,000.00 $2,000.00 $800.00 $2,000.00
Collections Expenses $4,000.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00
Facility Rental $1,200.00 $575.00 $135.00 $220.00 $100.00 $400.00 $400.00 $400.00
Office Supply/Phone $1,360.00 $1,500.00 $1,860.00 $1,772.00 $1,400.00 $1,400.00 $1,400.00 $1,000.00
Postage $3,500.00 $3,500.00 $2,900.00 $3,500.00 $3,600.00 $3,000.00 $3,000.00 $3,500.00
Printing $3,000.00 $3,000.00 $2,600.00 $2,500.00 $2,400.00 $2,100.00 $2,100.00 $1,800.00
Property Tax $360.00 $360.00 $360.00 $400.00 $400.00 $600.00 $600.00 $400.00
Website $300.00 $500.00 n/a $500.00 $240.00 $240.00 $240.00 $240.00
Miscellaneous see Contingency $1,000.00 $1,000.00 $1,000.00 $1,000.00 $200.00 $200.00 $200.00
Contingency $2,500.00 $2,500.00 $2,000.00 $2,000.00 $3,000.00 $15,000.00 $15,000.00 $0.00
GET contract taxes $1,350.00 $1,500.00 $1,500.00 $1,500.00 n/a n/a n/a n/a n/a
Bank Charges $120.00 $120.00 $120.00 $600.00 $400.00 n/a n/a n/a n/a
Returned Check Fees n/a n/a $500.00 n/a n/a n/a n/a n/a n/a
Refunds to Lot Owners $400.00 $400.00 $400.00 $200.00 $2,000.00 n/a n/a n/a n/a
Administrative Expense TOTALS $71,790.00 $81,215.00 $65,725.00 $61,592.00 $64,390.00 $0.00 $61,240.00 $54,040.00 $45,340.00
Administrative Income 2015-2016
(proposed)
2014-2015 2012-2013 2011-2012 2010-2011 2009-2010 2008-2009 2007-2008
Administrative Fee (RMC to BOD fund) $67,540.00 $76,965.00 $61,475.00 $56,967.00 $59,390.00 $56,240.00 $49,040.00 $45,340.00
Liens Cleared n/a n/a n/a n/a $2,000.00 $2,000.00 $3,000.00
Transfer/Refinance Fees $4,000.00 $4,000.000 $4,000.00 $4,200.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00
Litigation Fees n/a n/a n/a n/a n/a n/a
Bank Interest n/a n/a n/a n/a $2,000.00 n/a n/a
Misc $250.00 $250.00 $250.00 $425.00 n/a n/a
Administrative Income TOTALS $71,790.00 $81,215.00 $65,725.00 $61,592.00 $64,390.00 $0.00 $61,240.00 $54,040.00 $51,340.00
Road Expense 2015-2016
(proposed)
2014-2015 2012-2013 2011-2012 2010-2011 2009-2010 2008-2009 2007-2008
GET contract taxes n/a n/a n/a n/a $128.00 n/a n/a n/a n/a
Administration fee (to BOD fund) $67,540.00 $76,965.00 $61,475.00 $56,967.00 $59,390.00 $56,240.00 $49,040.00 $45,340.00
Paving Fund n/a n/a no paving fund this year no paving fund this year no paving fund this year $5,330.00 $5,330.00 $5,330.00
Capital Fund $0 $4,641.00 $4,500.00 $5,733.00 $4,875.00 $3,280.00 $3,268.00 $3,268.00
Equip. Storage n/a n/a n/a n/a $2,400.00 $7,400.00 $3,600.00 $0.00
Fuel/Oil n/a n/a n/a n/a $500.00 $3,500.00 $5,000.00 $10,000.00
Liability Insurance $6,200.00 $6,200.00 $6,900.00 $6,900.00 $9,000.00 $8,000.00 $8,000.00 $8,000.00
Contingency/Misc Fund $3,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 $3,084.00 $10,584.00
All Roads $111,420.00 $69,767.00
Main Roads- n/a n/a n/a n/a n/a n/a n/a
Main Road Labor $9,000.00 $9,000.00 $4,000.00 $4,000.00 $4,000.00 $4,000.00
Main Road Materials $18,000.00 $32,000.00 $4,000.00 $4,000.00 $4,000.00 $11,500.00
Main Road Equip. Rental $200.00 $500.00 n/a $750.00 $750.00 $750.00
MRMA road reimbursements $0 $2,000.00 $2,000.00 $2,000.00 n/a n/a n/a n/a
Side Roads- n/a n/a n/a n/a n/a n/a n/a
Side Road Labor $21,000.00 $23,000.00 $12,107.00 $11,000.00 $12,500.00 $26,000.00
Side Road Materials $28,100.00 $22,000.00 $24,000.00 $20,000.00 $22,000.00 $28,000.00
Side Road Equip. Rental n/a n/a $3,000.00 $1,000.00 $1,000.00 $1,000.00
Small Tools n/a n/a n/a n/a $800.00 $800.00 $800.00 $800.00
Trash Removal $500.00 $500.00 $500.00 $500.00 $600.00 $600.00 $600.00 $600.00
RMC Phone n/a n/a n/a n/a n/a $700.00 $700.00 $700.00
Road Manager n/a n/a $8,400.00 $8,700.00 $8,400.00 $8,400.00 $8,400.00 $12,000.00
Equip. Maintenance n/a n/a n/a see MRMA Reimbursements see MRMA Reimbursements see MRMA Reimbursements n/a n/a n/a
Truck Insurance/Registration no truck no truck n/a no truck no truck no truck no truck no truck no truck
Road Expense TOTALS $188,660.00 $163,075.00 $163,075.00 $170,300.00 $136,200.00 $0.00 $138,000.00 $132,072.00 $167,872.00
Road Income 2015-2016
(proposed)
2014-2015 2013-2014 2012-2013 2011-2012 2010-2011 2009-2010 2008-2009 2007-2008
MRMA 2408 lots x MRMA x 70% $168,560.00 $142,800.00 $252,000.00 $264,660.00 $127,500.00 $127,500.00 $125,372.00 $125,372.00
To Chip Seal Maintenance Account n/a n/a $-109,200.00 $-114,660.00 n/a n/a n/a n/a
Receivables (old MRMAs) n/a n/a n/a see previous yrs $3,000.00 see previous yrs $3,000.00 $3,000.00 $40,000.00
Bank interest $100.00 $100.00 $100.00 $100.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00
Late payment interest n/a $75.00 $75.00 $100.00 $2,000.00 n/a $2,000.00 $2,000.00 $2,000.00
Donations $100.00 $100.00 $100.00 $500.00 $500.00 $500.00 $500.00
MRMA Previous Years $20,000.00 $20,000.00 $20,000.00 $20,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00
Road Income TOTALS $188,660.00 $163,075 $163,075.00 $170,300.00 $138,000.00 $0.00 $138,000.00 $135,872.00 $172,872.00
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