| SUMMERPLACE IMPROVEMENT ASSOCIATION, INC. | ||||||
| PROPOSED 2025-6 BUDGET | ||||||
| start balance | 58984.86 | |||||
| I. OPERATING EXPENSES: | ||||||
| A. Roads and Ground Maintenance | ||||||
| Roads – grading | $ 1,000.00 | 0 | ||||
| Landscape -monthly mow and trim on A1A | $ 3,960.00 | 3330 | ||||
| Landscape – annual trim | $ 2,000.00 | |||||
| Perimeter fence repair | $ 6,000.00 | 6150 | ||||
| B. Beach Access Maintenance | replace | platform planking | $ 2,000.00 | 0 | ||
| $ – | ||||||
| C. Corporate Expense – SIA non-profit Registration | $ 70.00 | 70 | ||||
| D. Postage – mailings June and October, bills, etc | $ 500.00 | 117.33 | ||||
| E. Insurance | $ 1,700.00 | 2019 | ||||
| F. Administrative costs – office supplies, PO BOX, board cert | $ 500.00 | 341 | ||||
| G. Annual Meeting Expense | $ 500.00 | 288.97 | ||||
| H. Legal Expenses | $ 750.00 | 100 | ||||
| I.Road Deposit returns | $ 2,000.00 | 2000 | ||||
| J. Website host annual fee | $ 170.00 | 166.07 | ||||
| K. Contingency – for stair repair or other unforseen needs | $ 1,050.00 | 630 | ||||
| TOTAL OPERATING EXPENSES | $ 22,200.00 | 15212.37 | ||||
| II. CAPITAL IMPROVEMENTS: | ||||||
| exterior fence repair | $ 10,000.00 | 0 | ||||
| stair repair | $ 10,000.00 | 3893.96 | ||||
| road repair | $ 30,000.00 | 29815.00 | ||||
| TOTAL CAPITAL IMPROVEMENTS | TOTAL | $ 20,000.00 | 33708.96 | |||
| TOTAL BUDGET | $ 42,200.00 | |||||
| INCOME | DUES: 74 LOTS @ $300.00 | $ 22,200.00 | 22270 | |||
| interest -new bank | 3.27 | |||||
| road deposit | 1000.00 | |||||
| new member applications | 400.00 | |||||
| TOTAL INCOME | 23673.27 | |||||
| balance 9-14-26 | 33736.8 |