Oceanside Gateway Business Park O. A.

Transcription

1 Operating Budget-Final Parcel Parcel Address Parcel / Bldg / Unit Sq. Ft. % of project Total Monthly Assessment Total Quarterly Assessment PSF/Mo. 1 Hamann Co 33, % $ 1,735 $ 5,205 $ BP PARCEL 2 CONDO 13, % $ 707 $ 2,121 $ D , % $ 489 $ 1,467 $ C , % $ 456 $ 1,368 $ B , % $ 525 $ 1,575 $ A , % $ 622 $ 1,866 $ T , % $ 1,856 $ 5,568 $ U , % $ 1,372 $ 4,116 $ V , % $ 1,050 $ 3,150 $ W , % $ 601 $ 1,803 $ X , % $ 945 $ 2,835 $ BP PARCEL 2 CONDO 79, % $ 4,157 $ 12,471 $ A , % $ 1,129 $ 3,387 $ B , % $ 1,064 $ 3,192 $ D , % $ 939 $ 2,817 $ E , % $ 813 $ 2,439 $ C , % $ 743 $ 2,229 $ F , % $ 776 $ 2,328 $ G , % $ 1,166 $ 3,498 $ H , % $ 783 $ 2,349 $ A , % $ 284 $ 852 $ B , % $ 353 $ 1,059 $ C , % $ 471 $ 1,413 $ D , % $ 548 $ 1,644 $ E , % $ 766 $ 2,298 $ F , % $ 435 $ 1,305 $ G , % $ 353 $ 1,059 $ H , % $ 453 $ 1,359 $ Total 488, % $ 25,591 $ 76,773 The association has prepared these association expense estimates to the best of its ability, based on bids and general market data. Actual expenses may vary, causing a revision to the budget and assessments. P:\OGBP Master\Budgets\2018\OGBP Budget FYE budget Final (Sheet: Assessment Summary) Page 1 of 6

2 Estimated Annual Capital Reserve Budget Oceanside Gateway Business Park O. A. Total Unit SF 488,337 Exterior Wall SF 0 Parking Lot SF 0 Roof SF 0 RESERVE COSTS Cost Useful Life in Years Yearly Reserve Monthly Reserve PSF/Mo. Date Last Completed Asphalt / Parking Lot $ - 3 $ 40,000 $ 3,333 $ Asphalt / Parking Lot Overlay $ - 20 $ - $ - $ - Buildings $ - 7 $ - $ - $ - Buildings - Structural $ - 10 $ - $ - $ - Buildings - Other $ - 10 $ - $ - $ - Concrete Surfaces $ - 10 $ - $ - $ - Directories $ - 10 $ - $ - $ - Electrical Systems $ - 10 $ - $ - $ - Elevators $ - 10 $ - $ - $ - Fire Life Safety System $ - 10 $ - $ - $ - Fountain / Ponds $ - 10 $ - $ - $ - Gate/Access Entry System $ - 10 $ - $ - $ - HVAC / Mechanical Systems $ - 10 $ - $ - $ - Irrigation Systems $ - 10 $ - $ - $ - Landscaping $ - 10 $ - $ - $ - Lighting Systems $ - 10 $ - $ - $ - Monuments / Statues / Signage $ - 10 $ - $ - $ - Property Fixtures $ - 10 $ - $ - $ - Pylon Sign $ - 10 $ - $ - $ - Restrooms $ - 10 $ - $ - $ - Roofs $ - 20 $ - $ - $ - Water/Sewer System(s) Loop(s) $ - 10 $ - $ - $ - TOTAL RESERVE ASSESSMENTS $ 40,000 $ 3,333 $ The association has prepared these association expense estimates to the best of its ability, based on bids and general market data. Actual expenses may vary, causing a revision to the budget and assessments. Assumptions: $1.50/SF for Asphalt Overlay $4.00/SF for Roof Replacement Assumptions of reserve costs will likely increase due to inflation, causing a revision to the budget and assessments. Each of these reserve line items is considered a reoccuring cost based on the useful life of that asset. P:\OGBP Master\Budgets\2018\OGBP Budget FYE budget Final (Sheet: Capital Reserves) Page 2 of 6

3 Estimated Annual Operating Budget Summary Total Parcel / Bldg. / Unit Sq. Ft. 488,337 OPERATING COSTS Monthly Avg. PSF Annual PSF 6100 REPAIRS & MAINTENANCE 6110 General Repair and Maintenance , Elevator Repair and Maintenance Lighting Maintenance Contract Bldg/Pkg Lot Lighting/Elec Repairs/Bulb Replacement , Plumbing Repairs Backflow Testing/Repairs Roof Maintenance Contract Roof Repairs Window Cleaning/Contract Cleaning Service/Contract Dayporter Service/Contract Security Service/Contract , Fountain Maintenance Fountain Repairs HVAC Maintenance Contract HVAC Repairs Painting , Fire/Life/Safety Monitoring Subtotal $ 1,032 $ $ 12,380 $ PKG LOT/LANDSCAPE & TRASH 6260 Parking Lot Sweeping Maintenance Contract , Drain Cleaning/Maintenance Contract , Roof Drain Maintenance Parking Lot Repairs , Trash Removal Contract Trash Hauling Service , Landscape Maintenance Contract , Landscape Replacement/Tree Trimming , Landscape Color Replacement Landscape Irrigation Repairs & Extras , Landscape - Sidewalk Repair/Replacement Pest/Gopher Control , Subtotal $ 11,090 $ $ 133,084 $ UTILITIES 6310 Electricity , Gas Water and Sewer , Utility Deposits Subtotal $ 5,509 $ $ 66,110 $ 0.14 P:\OGBP Master\Budgets\2018\OGBP Budget FYE budget Final (Sheet: Operating Summary) Page 3 of 6

4 Estimated Annual Operating Budget Summary Total Parcel / Bldg. / Unit Sq. Ft. 488,337 OPERATING COSTS Monthly Avg. PSF Annual PSF 6400 ADMINISTRATIVE 6410 G&A-Manager & Owner's Assoc , Bookkeeping Miscellaneous Tax Return Preparation Auditing Fees Legal/Professional Services , Consulting Board Representation Bad Debt Expense Association, Property & Financial Management , Pre-contract Start Up Costs (Budget prep, etc.) Project Management Fees Reserve Studies Records Storage Subtotal $ 3,494 $ $ 41,931 $ MASTER ASSOC DUES Subtotal $ - $ - $ - $ TAXES 6610 State & Local Taxes Real Estate Taxes Subtotal $ 71 $ $ 850 $ INSURANCE , Subtotal $ 245 $ $ 2,939 $ CONTINGENCY 7010 Unforeseen Expenses , Start-up Cash Deposit Interest Expense Subtotal $ 815 $ $ 9,782 $ 0.02 TOTAL ESTIMATED OPERATING COSTS $ 22,256 $ $ 267,076 $ 0.55 Total Estimated Reserve Costs (see reserve budget) $ 3,333 $ $ 40,000 $ 0.08 TOTAL ESTIMATED COSTS $ 25,589 $ $ 307,076 $ 0.63 The association has prepared these association expense estimates to the best of its ability, based on bids and general market data. Actual expenses may vary, causing a revision to the budget and assessments. Monthly Costs are shown as an average. Actual expense may be higher or lower in any one month. P:\OGBP Master\Budgets\2018\OGBP Budget FYE budget Final (Sheet: Operating Summary) Page 4 of 6

5 Operating Budget-Final Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 FYE2017 Difference 6100 REPAIRS & MAINTENANCE 6110 General Repair and Maintenance ,000 3, Elevator Repair and Maintenance Lighting Maintenance Contract Bldg/Pkg Lot ,120 (2,820) 6125 Lighting/Elec Repairs/Bulb Replacement ,800 2,400 (600) 6130 Plumbing Repairs Backflow Testing/Repairs Roof Maintenance Contract Roof Repairs Window Cleaning/Contract Cleaning Service/Contract Dayporter Service/Contract Security Service/Contract ,580 5, Fountain Maintenance Fountain Repairs HVAC Maintenance Contract HVAC Repairs Painting ,200 1, Fire/Life/Safety Monitoring Subtotal 1, , , , ,380 15,800 (3,420) 6250 PKG LOT/LANDSCAPE & TRASH 6260 Parking Lot Sweeping Maintenance Contract ,800 11,844 (7,044) 6265 Drain Cleaning/Maintenance Contract ,600 6, Roof Drain Maintenance Parking Lot Repairs ,000 1, Trash Removal Contract Trash Hauling Service ,200 1, Landscape Maintenance Contract 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 86,520 84,000 2, Landscape Replacement/Tree Trimming 1,500 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 14,700 14, Landscape Color Replacement/Wetlands Landscape Irrigation Repairs & Extras ,260 7, Landscape - Sidewalk Repair/Replacement Pest/Gopher Control ,004 11,004 0 Subtotal 11,365 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11, , ,308 (4,224) 6300 UTILITIES 6310 Electricity ,880 2, Gas Water and Sewer 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 4,600 63,230 48,000 15, Utility Deposits Subtotal 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 4,840 66,110 50,880 15, ADMINISTRATIVE 6410 G&A-Manager & Owner's Assoc ,701 1, Bookkeeping Miscellaneous Tax Return Preparation Auditing Fees Legal/Professional Services 500 1, ,000 2, Consulting Board Representation Bad Debt Expense Association, Property & Financial Management 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 37,080 37, Pre-contract Start Up Costs (Budget prep, etc.) Project Management Fees Reserve Studies Records Storage Subtotal 4,840 4,690 3,190 3,190 3,190 3,190 3,190 3,190 3,190 3,190 3,190 3,691 41,931 41,931 0 P:\OGBP Master\Budgets\2018\OGBP Budget FYE budget Final (Sheet: Budget) Page 5 of 6

6 Operating Budget-Final Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec MASTER ASSOC DUES Subtotal TAXES 6610 State & Local Taxes Real Estate Taxes Subtotal INSURANCE ,939 2,939 0 Subtotal ,939 2, CONTINGENCY 7010 Unforeseen Expenses ,782 9, Start-up Cash Deposit Interest Expense Subtotal ,782 9, TOTAL DIRECT EXPENSES 25,225 23,350 21,850 21,925 21,850 21,850 21,925 21,850 21,850 21,925 21,850 21, , ,046 8,030 Cash Flow Analysis If Assessments are Collected Monthly Running Cash position w/o Cash Advance ($2,967) ($4,060) ($3,652) ($3,319) ($2,911) ($2,504) ($2,171) ($1,763) ($1,355) ($1,023) ($615) $20 Cash Balance With Cash Advance of: $0 ($2,967) ($4,060) ($3,652) ($3,319) ($2,911) ($2,504) ($2,171) ($1,763) ($1,355) ($1,023) ($615) $20 If Assessments are Collected Quarterly Running Cash position w/o Cash Advance $41,549 $18,199 ($3,652) $41,197 $19,347 ($2,504) $42,345 $20,495 ($1,355) $43,494 $21,643 $20 Cash Balance With Cash Advance of: $0 $41,549 $18,199 ($3,652) $41,197 $19,347 ($2,504) $42,345 $20,495 ($1,355) $43,494 $21,643 $20 P:\OGBP Master\Budgets\2018\OGBP Budget FYE budget Final (Sheet: Budget) Page 6 of 6