| SUMMERPLACE IMPROVEMENT ASSOCIATION, INC. | |||||||
| PROPOSED 2020 BUDGET | |||||||
| I. OPERATING EXPENSES: | |||||||
| A. Roads and Ground Maintenance | grading/landscape | $ 7,100.00 | |||||
| B. Beach Access Maintenance | platform planking | $ 1,500.00 | |||||
| stair repairs | $ 4,200.00 | ||||||
| C. Corporate Expense – SIA Registration | $ 550.00 | ||||||
| D. Postage | $ 500.00 | ||||||
| E. Insurance | $ 1,000.00 | ||||||
| F. Office Expense | $ 500.00 | ||||||
| G. Annual Meeting Expense | $ 250.00 | ||||||
| H. Legal Expense | $ 1,500.00 | ||||||
| TOTAL OPERATING EXPENSES | $ 17,100.00 | ||||||
| II. CAPITAL IMPROVEMENTS: | |||||||
| none planned | |||||||
| TOTAL CAPITAL IMPROVEMENTS | $ – | ||||||
| TOTAL | $ 17,100.00 | ||||||
| III. CONTINGENCY FUND: | $ 5,100.00 | ||||||
| TOTAL BUDGET | $ 22,200.00 | ||||||
| INCOME | |||||||
| DUES: 74 LOTS @ $300.00 | $ 22,200.00 | ||||||
| TOTAL | $ 22,200.00 | ||||||
| 1 LOT | $ 300.00 | ||||||
| 1.5 LOTS | $ 450.00 | ||||||
| 2 LOTS | $ 600.00 | ||||||
| 3 LOTS | $ 900.00 |