Here is a breakdown of where your $162 monthly dues go.
Click to enlarge
Here is a key;
Category (Dollars) – Description
Administrative Expense ($1.41) – Bank charges, coupon Costs, dues and subscriptions, office supplies, records storage, other administrative services.
Communications ($2.82) – Community events, printing and copying, postage, newsletter services, website.
Custodial Expense ($7.95) – Common area clean up, dumpster area clean up, other misc. clean up.
Insurance ($19.89) – Clubhouse, common area, errors and omissions for Board members, liability.
Utilities ($8.80) – Clubhouse utilities, street lights, trash and recycling service.
Landscaping ($18.13) – Chemical/fertilization of lawns, mowing and edging, mulch, seeding, tree maintenance.
Contracted Services ($14.00) – Fire prevention and protection, safety and security, snow removal services.
Repair and Maintenance ($43.08) – Building repair and maintenance, Clubhouse repair and maintenance, common area maintenance, pest control, roof repair and maintenance, sidewalk/concrete repair and maintenance.
Professional Services ($29.79) – Audit and tax service, legal services/collections, property management fees.
Property Taxes ($1.65) – Property taxes on clubhouse, Wildwood owned property.
Reserve Funding ($14.48) – Funds set aside by the homeowner association to pay for the replacement or repair of community property. Reserves are intended to prevent the need for special assessments.
Total ($162.00)
The numbers above are based on the Wildwood Budget for 2016. A budget is an estimate of income and expenditure for a set period of time based on past results and future anticipated income and expenses. Once a year, usually during September/October, the Board puts together the budget for the following year. The budget numbers/data/information is deemed reliable but not guaranteed. Due to circumstances beyond the Boards control, the numbers might need to be adjusted.
