Approved FOSCA 2019 Operations, Capital, Bingo Reserve Budgets

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1 2019 LINE FOUNTAIN OF THE SUN COMMUNITY Budget ITEM ASSOCIATION OPERATIONS & RESERVE BUDGETS % ASSESSMENT #'S INCREASE $ ASSESSMENT INCOME FOSHA Assessment Income $ 1,050, Condo Assessment Income $ 608, Sun Villa Apartment Fees $ 65, Transfer to Reserves $ (7) Operating Capital Transfer $ (120,000.00) Operating Capital Transfer Depreciation $ (138,000.00) Assessments Total $ 1,394, RENTAL/LEASE/INTEREST INCOME FOSHA Lease Income $ RV Storage Space Rental Income $ 30, RV Storage Space Administrative Fee $ Room Rental Income $ 20, Legal Fees Reimbursement $ Operations Interest $ Bad Debt/Rental/Lease/Interest $ RENTAL/LEASE/INTEREST INCOME TOTAL $ 6 OTHER INCOME Counter Services Faxes, Copies etc. $ Counter Sales For Sale Signs, Envelopes etc... $ Resident Sales Name Tags, Keys etc.. $ 10, Sales Commissions/Vending, news paper etc. $ Veterans Income $ 4, Recycling $ 4, Vending Water $ Fishing Permits $ Misc. Income $ OTHER INCOME TOTAL $ 29, ACTIVITY INCOME Ball Team Income $ Ceramics $ Chorus $ Classes Income $ Computer Club $ Activity Counter Sales Discount Books, Caps etc.. $ Activity Food Sales Food Ticket Sales $ Activity Donations $ Lending Closet $ Little Theatre Ticket Sales $ Misc. Activity Income $ Pancake Breakfast $ 17, Pickle ball $ 4, Sun Times $ Swap Meets/ Arts & Crafts Fair $ Tours $ 9, Ticket Sales Cabaret, Dances, Entertainment & Performances $ 45, ACTIVITY INCOME TOTAL $ 114, BINGO SNACK INCOME Bingo Snacks $ 2, BINGO SNACK INCOME TOTAL $ 2, POST OFFICE INCOME Stamp Sales Income $ 100, Voided Meter Strips $ Over/Short daily sales $ Cost of Goods Sold Postage $ (100,000.00) Post Office Commission $ 10, POST OFFICE INCOME TOTAL $ 10, Gain on Sale of Fixed Assets TOTAL INCOME $ 1,612, TOTAL EXPENSES $ 1,612, NET INCOME (LOSS) $ DEPRECIATION EXPENSE $ NET INCOME (LOSS) AFTER DEPRECIATION $ 1 of 7 Passed by FOSCA Board

2 GENERAL & ADMINISTRATIVE EXPENSES Dues & Subscriptions $ Training $ Meeting Expense $ 1, Licenses & Permits $ 1, Auditor Fees $ 8, Reserve Study Update $ Accounting Fees $ 11, Professional Fees $ 35, Legal Fees $ 7, Contracted Service Sun Times $ 14, Bank Charges $ Misc. Administrative $ GENERAL & ADMINISTRATIVE EXPENSES TOTAL $ 82, TAXES Property Taxes $ Federal Income Taxes $ State & Local Taxes $ Other Taxes $ TAXES TOTAL $ 3, OFFICE EXPENSES Postage & Mailing $ Paper $ 8, Supplies $ 7, Maintenance Contracts $ Software $ Misc. Office Expenses $ Equipment Purchased $ Equipment Repairs $ Post Office Supplies $ OFFICE EXPENSES TOTAL $ 29, INURANCE EXPENSES Liability Insurance $ 13, D & O Insurance $ 6, Property Insurance $ 12, Vehicle Insurance $ 1, INURANCE EXPENSES TOTAL $ 32, MISC. SALES EXPENSES Counter Sales Expense $ Resident Sales Keys, Badges etc. $ Vending Expenses Water Machine $ 2, Veterans Expenses $ 4, MISC. SALES EXPENSES TOTAL $ 12, of 7 Passed by FOSCA Board

3 ACTIVITIES EXPENSES Ball Team Expenses $ Activity Counter Sales Paper Prod, Coffee etc... $ Bingo Snack Expenses $ Activity Food Sales Expense $ Chorus Expenses $ Classes Expenses $ Computer Club Expenses $ Decorations Expenses $ Dances, Entertainment & Performances Expenses $ Kitchen Purchases $ Lending Closet Expense/Refunds $ 1, Library Expenses $ Little Theater Expenses $ Misc. Activity Expenses $ Pancake Breakfast Expenses $ 8, Pickle ball $ Sun Times Expenses $ Swap Meets& Arts & Crafts Expenses $ Tour Expenses $ Games/Sports Expenses $ Volunteer Training Expenses $ ACTIVITIES TOTAL $ 98, WAGES & SALARIES Management Salaries $ 129, Office & Clerical Wages $ Post Office Staff Wages $ Newspaper Editor Salary $ Maintenance Staff Wages $ 125, Maintenance Staff Overtime Wages $ 2 WAGES & SALARIES TOTAL $ 35 PERSONNEL EXPENSES & TAXES Employers FICA = D158*0.062 $ 21, State & Federal Unemployment $ Employers Medicare = D158* $ 5, Worker's Compensation $ 7, Employee Heath Insurance $ Employee IRA Match $ 9, Payroll Processing Fees $ Misc. Personnel Expense Uniforms, help wanted ads etc.. $ PERSONNEL EXPENSES & TAXES TOTAL $ 87, of 7 Passed by FOSCA Board

4 REPAIRS & MAINTENANCE General Building Repairs $ Tables, Chairs, Etc... $ Electrical Repairs $ 8, Plumbing Repairs $ Roof Repairs Minor $ Street Maintenance (minor) & signs $ 8, Gate, Walls, Concrete Maintenance $ Misc. Interior Repairs (painting etc. ) $ Recreational Court Maintenance $ Shop Maintenance Supplies Inventory $ REPAIRS & MAINTENANCE TOTAL $ 60, EQUIPMENT EXPENSE General Equipment Repairs $ 9, HVAC Maintenance $ Equipment Rental $ Small Shop Equipment & Tools $ Sound Equipment $ Vehicle Registration/License $ Vehicle Maintenance $ Vehicle Fuel $ Equipment Purchased $ EQUIPMENT EXPENSE TOTAL $ 27, JANITORIAL EXPENSE Contracted Cleaning Services $ 40, Cleaning Supplies & Paper Products $ Trash Removal $ 3, JANITORIAL EXPENSE TOTAL $ 57, POOL EXPENSES Contracted Pool Service $ 27, Pool Chemicals & Supplies $ 18, Pool Equipment Repairs $ 5, POOL EXPENSES TOTAL $ 51, UTILITY EXPENSE Electric 5% increase $ 87, Irrigation Water $ 9, Water & Sewer small increase in water rates by city of Mesa $ 19, GAS Buildings 3% increase $ 1, GAS POOL $ 32, Telephone & Internet $ 9, Wireless Phones $ UTILITY EXPENSE TOTAL $ 158, GROUNDS MAINTENANCE Landscape Contract $ 39, Tree Maintenance Work Order $ 10, Landscaping Work Order $ Irrigation Maintenance Work Order $ Pest & Termite Treatments $ Exterior Light Repairs $ Flags & Misc. $ GROUNDS MAINTENANCE TOTAL $ 68, SECURITY Security Contracted Service $ 457, Traffic Control Contracted Service $ 10, Security Maintenance Agreements $ Equipment Maintenance $ 1 SECURITY TOTAL $ 490, RV STORAGE Loan Debt Service $ RV STORAGE TOTAL 4 of 7 Passed by FOSCA Board

5 2019 BINGO FUND BINGO INCOME Bingo Card & Supply Sales Income $ 69, BINGO INCOME TOTAL $ 69, BINGO EXPENSES Bingo Expenses $ 10, Bingo Community Improvement Expenses $ Bingo Prizes Paid $ Bingo Taxes $ BINGO EXPENSES TOTAL $ 69, of 7 Passed by FOSCA Board

6 2019 CAPITAL FUND INCOME Operating Capital Transfer $ 120, Operating Capital Transfer Depreciation $ 138, Fundraising $ IMPACT FEES $ 120, Interest Income Capital Fund $ CAPITAL INCOME TOTAL $ 38 EXPENSES Capital Equipment Purchases UV Light Pool Sanitizer $ 17,000 Other Capital Equipment $ Depreciation $ 138, CAPITAL EXPENSES TOTAL $ 15 NET TO CAPITAL $ 227, of 7 Passed by FOSCA Board

7 2019 RESERVE FUND RESERVE INCOME IMPACT FEES $ 120, Operating Reserve Transfer $ Interest Income Reserve Fund $ RESERVE INCOME TOTAL $ 19 Reserve Expense Street Repairs and Maintenance $ 50, Street Crack filling & Sealcoating Access System Upgrade $ 28, Activity Center Ice Machine $ 6,000 Office Remodel $ 90,000 Bathhouse Restroom Partitions $ 9,000 Phone System $ 7,000 Broadway Granite Refresh $ 16,000 Poolside Room Remodel $ 30,000 RESERVE EXPENSES TOTAL $ 23 NET TO RESERVES $ (40,000.00) 7 of 7 Passed by FOSCA Board