| SUMMERPLACE IMPROVEMENT ASSOCIATION, INC. | ||||||
| 2025-6 Balance Sheet – final 10/1/25 thru 9/30/26 | ||||||
| balance 10/1/26 | 58984.86 | |||||
| I. OPERATING EXPENSES: | ||||||
| Budgeted | actual | |||||
| A. Roads and Ground Maintenance | ||||||
| Roads – grading | $ 1,000.00 | |||||
| Landscape -monthly mow and trim on A1A | $ 3,960.00 | -2970 | ||||
| Landscape – annual trim | $ 2,000.00 | |||||
| Perimeter fence repair | $ 6,000.00 | -6150 | ||||
| B. Beach Access Maintenance | replace | platform planking | $ 2,000.00 | |||
| $ – | ||||||
| C. Corporate Expense – SIA non-profit Registration | $ 70.00 | -70 | ||||
| D. Postage – mailings 2026 June and October, supplies, etc | $ 500.00 | -483.62 | ||||
| E. Insurance | $ 1,700.00 | -2019 | ||||
| F. Administrative costs – PO BOX, (244) board certification (97) | $ 500.00 | -341 | ||||
| G. Annual Meeting Expense 2025 – food (210.37), mailing (78.10) | $ 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 – used for extra yard waste pickup at WM transition | $ 1,050.00 | -630 | ||||
| TOTAL OPERATING EXPENSES | $ 22,200.00 | -15218.66 | ||||
| II. CAPITAL IMPROVEMENTS: | ||||||
| exterior fence repair | $ 10,000.00 | 0 | ||||
| stair repair | $ 10,000.00 | -3893.96 | ||||
| road repair | $ 30,000.00 | -29815 | ||||
| TOTAL CAPITAL IMPROVEMENTS | TOTAL | $ 50,000.00 | -33708.96 | |||
| TOTAL BUDGET | $ 72,200.00 | |||||
| INCOME | DUES: 74 LOTS @ $300.00 | $ 22,200.00 | 22270 | |||
| interest -new bank | 6.07 | |||||
| road deposit | 1000.00 | |||||
| new member applications | 400.00 | |||||
| TOTAL INCOME | 23676.07 | |||||
| balance 9-30-26 | 33733.31 |