| SUMMERPLACE IMPROVEMENT ASSOCIATION, INC. | |||||
| PROPOSED 2026-7 BUDGET | |||||
| I. OPERATING EXPENSES: | |||||
| A. Roads and Ground Maintenance | |||||
| Roads – grading | $ 2,000.00 | ||||
| Landscape -monthly mow and trim on A1A | $ 3,960.00 | ||||
| Landscape – annual trim | $ 2,500.00 | ||||
| B. Beach Access Maintenance | replace | platform planking | $ 2,000.00 | ||
| $ – | |||||
| C. Corporate Expense – SIA non-profit Registration | $ 70.00 | ||||
| D. Postage – mailings June and October, bills, etc | $ 500.00 | ||||
| E. Insurance | $ 2,500.00 | ||||
| Administrative costs – office supplies, PO BOX, etc | $ 500.00 | ||||
| G. Annual Meeting Expense | $ 500.00 | ||||
| H. Legal Expenses | $ 750.00 | ||||
| I. Bank fees | |||||
| J. Website host annual fee | $ 190.00 | ||||
| K. Contingency | $ 7,510.00 | ||||
| TOTAL OPERATING EXPENSES | $ 22,980.00 | ||||
| II. CAPITAL IMPROVEMENTS: | |||||
| perimeter fence repairs | $ 20,000.00 | ||||
| TOTAL CAPITAL IMPROVEMENTS | TOTAL | $ 20,000.00 | |||
| TOTAL BUDGET | $ 42,980.00 | ||||
| INCOME | DUES: 74 LOTS @ $300.00 | $ 22,200.00 | |||