| COVERED BRIDGE BUDGET FOR 2012 **************************************************************** COVERED BRIDGE CONDOMINIUM ASSOCIATION 2012 BUDGET
| 2012 | | 2011 | | 2010 | | ACTUAL | | ACTUAL | | ACTUAL | SOURCE OF REVENUE | BUDGET | | BUDGET | | BUDGET | | 2010 | | 2009 | | 2008 | RESIDENT ASSESSMENTS | $ 3,049,490 | | $ 3,049,490 | | $ 3,049,490 | | $ 3,049,490 | | $ 2,808,018 | | $ 2,808,018 | LATE FEE INCOME | $ 18,000 | | $ 14,000 | | $ 4,000 | | $ 16,508 | | $ 12,602 | | $ 16,378 | LEGAL FEE INCOME | $ 15,000 | | $ 12,000 | | $ 15,000 | | $ 8,528 | | $ 15,895 | | $ 46,056 | MSA REIMBURSEMENT | $ 47,500 | | $ 47,500 | | $ 47,500 | | $ 47,500 | | $ 47,500 | | $ 47,500 | POOL INCOME | $ 400 | | $ 400 | | $ 400 | | $ 414 | | $ 175 | | $ 83 | ROOM USER FEES | $ 1,600 | | $ 1,000 | | $ 1,200 | | $ 800 | | $ 2,300 | | $ 2,700 | INTEREST/DIVIDENDS INCOME | $ 18,000 | | $ 18,000 | | $ 30,000 | | $ 30,180 | | $ 35,029 | | $ 50,939 | ADMINISTRATIVE FEE INCOME | $ 50,000 | | $ 38,000 | | $ 53,000 | | $ 38,850 | | $ 40,799 | | $ 69,464 | TELEPHONE DIRECTORY | $ 10,000 | | $ 10,755 | | | | $ 7,975 | | $ 10,775 | | | TRANSPORTATION-SHOP RITE | $ 6,500 | | | | | | | | | | | UNCATEGORIZED INCOME — | $ 2,400 | | $ 1,900 | | $ 870 | | $ 2,361 | | $ 2,123 | | $ 2,323 | TOTAL REVENUE | $ 3,218,890 | | $ 3,193,045 | | $ 3,201,460 | | $ 3,202,606 | | $ 2,975,216 | | $ 3,043,461 | | | | | | | | | | | | | | | | | | | | | | | | | | 2012 | | 2011 | | 2010 | | ACTUAL | | ACTUAL | | ACTUAL | APPROPRIATIONS | BUDGET | | BUDGET | | BUDGET | | 2010 | | 2009 | | 2008 | MAJOR REPAIR/REPLACE RESERVE | $ 150,000 | | $ 140,000 | | $ 150,000 | | $ 150,000 | | $ 112,750 | | $ 125,000 | DEPRECIATION | $ 45,000 | | | | $ 3,506 | | $ 17,752 | | $ 14,919 | | $ 9,794 | STATE INCOME TAXES | | | | | $ 500 | | | | | | | RECREATION LEASE | $ 392,364 | | $ 392,364 | | $ 392,364 | | $ 392,364 | | $ 392,364 | | $ 392,364 | GROUNDS/LANDSCAPE-(SCH 1) | $ 384,295 | | $ 410,595 | | $ 374,500 | | $ 424,666 | | $ 375,756 | | $ 386,513 | BUILDINGS - (SCHEDULE 2) | $ 601,447 | | $ 613,897 | | $ 839,100 | | $ 609,989 | | $ 593,114 | | $ 747,348 | CLUBHOUSE - (SCHEDULE 3) | $ 128,000 | | $ 193,990 | | $ 267,600 | | $ 218,104 | | $ 315,614 | | $ 197,947 | TRANSPORTATION - (SCHEDULE 4) | $ 56,600 | | $ 56,600 | | $ 80,000 | | $ 47,700 | | $ 60,737 | | $ 86,038 | GENERAL & ADMIN - (SCHEDULE 5) | $ 1,448,663 | | $ 1,385,356 | | $ .1,091,530 | | $ 1,299,668 | | $ 1,106,204 | | $ 1,088,653 | TOTLA APPROPRIATIONS | $ 3,206,369 | | $ 3,192,802 | | $ 3,199,100 | | $ 3,160,243 | | $ 2,971,458 | | $ 3,033,657 | | | | | | | | | | | | | | | | | | | | | | | | | NET SURPLUS OR (DEFICIT) FOR YR | $ 12,521 | | $ 24 3 | | $ 2,360 | | $ 42,363 | | $ 3,758 | | $ 9,804 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
V. COVERED BRIDGE CONDOMINIUM ASSOCIATION 2012 BUDGET
| 2012 | | 2011 | | 2010 | | ACTUAL | | ACTUAL | | ACTUAL | SCHEDULE 1 - GROUNDS & LANDSCAPE | BUDGET | | BUDGET | | BUDGET | | 2010 | | 2009 | | 2008 | GROUNDS/LANDSCAPE CONTRACT | $ 319,395 | | $ 319,395j | | $ 320,000 | | $ 338,273j | | $ 338,273 | | $ 338,273 | ELECTRICITY - BARN | $ 7,200** | | $ 10,000 | | $ 5,500 | | $ 7,113 | | $ 7,366 | | $ 6,697 | WATER - LAWNS | $ 12,200 | | $ 12,200 | | $ 7,000 | | $ 12,120 | | $ 9,245 | | $ 11,738 | TREE MAINT & GROUNDS MATERIAL | $ 40,000 | | $ 60,000 | | $ 40,000 | | $ 53,962 | | $ 16,266 | | $ 28,264 | REPAIRS/MAINT - EQUIPMENT/BARN | $ 5,000 | | $ 8,000 | | $ 2,000 | | | | $ 4,606 | | L$ 1,541 | BARN SHOP REPAIR | $ 500 | | $ 1,000 | | | | $ 13,198 | | | | | TOTAL GROUNDS AND LANDSCAPE | $ 384,295 | | $ 410,595 | | $ 374,500 | | $ 424,666 | | $ 375,756 | | $ 386,513 | | | | | | | | | | | | | | | | | | | | | | | | | | 2012 | | 2011 | | 2010 | | ACTUAL | | ACTUAL | | ACTUAL | SCHEDULE 2 - BUILDINGS | BUDGET | | BUDGET | | BUDGET | | 2010 | | 2009 | | 2008 | SANITATION SERVICE | $ 12,000 | | $ 8,000 | | $ 8,000 | | $ 8,340 | | $ 7,590 | | $ 7,130 | TELEVISION CONTRACT | $ 19,147 | | $ 19,147 | | $ 19,100 | | $ 19,089 | | $ 19,147 | | $ 19,248 | ELECTRICITY | $ 65,000 | | u$____72JOOOj | | $ 65,000 | | $ 75,693 | | $ 69,177 | | $ 59,096 | PAINT SUPPLIES | $ 13,000 | | $ 12,000 | | $ 10,000 | | $ 10,979 | | $ 11,920 | | $ 7,850 | SNOW REMOVAL - MATERIALS | $ 20,000 | | $ 20,000 | | $ 20,000 | | $ 18,275 | | $ 19,935 | | $ 994 | WALKS - REPAIRS/MAINT. | $ 45,000 | | $ 45,000 | | $ 40,000 | | $ 43,964 | | $ 53,528 | | $ 34,325 | ROOF REPAIRS | $ 12,000 | | $ 12,000 | | $ 60,000 | | $ 6,239 | | $ 18,101 | | $ 73,304 | GAS / OIL | $ 19,000 | | $ 18,000 | | $ 10,000 | | $ 16,093 | | $ 9,651 | | $ 16,425 | LIGHT BULBS / TRASH CONTAINERS | $ 2,800 | | $ 4,000 | | $ 4,000 | | $ 2,620 | | $ 3,107 | | $ 3,752 | SIDING | | | | | | | | | $ 3,190 | | $ 29,776 | EQUIPMENT PURCHASE | $ 30,000 | | $ 46,000 | | | | | | | | | VEHICLES/REPAIR MAINTENANCE | $ 12,000 | | $ 12,000 | | $ 8,000 | | $ 15,092 | | $ 17,193 | | IT" 7,808 | REPAIRS / MAINTENANCE | $ 250,000 | | $ 250,000 | | $ 235,000 | | $ 275,055 | | $ 269,132 | | JL_ J*ZM°JL | ALUMIUM WIRING | | | | | $ 244,000 | | $ 17,498 | | | | | SNOW CONTRACT/SNOW LABOR | $ 55,500 | | $ 34,750 | | $ 35,000 | | $ 56,177 | | $ 30,966 | | $ 31,416 | EXTERMINATING/PEST CONTROL | $ 31,000 | | $ 31,000 | | $ 31,000 | | $ 22,031 | | $ 33,810 | | $ 30,329 | GUTTERS & LEAF GUARDS/CLEANING | $ 15,000 | | $ 30,000 | | $ 50,000 | | $ 22,844 | | $ 26,667 | | $ 49,989 | TOTAL BUILDINGS | $ 601,447 | | $ 613,897 | | $ 839,100 | | $ 609,989 | | Ji 593,114 | | $ 747,348 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
COVERED BRIDGE CONDOMINIUM ASSOCIATION 2012 BUDGET
| 2012 | | 2011 | | 2010 | | ACTUAL | | ACTUAL | | ACTUAL | SCHEDULE 3 - CLUBHOUSE | BUDGET | | BUDGET | | BUDGET | | 2010 | | 2009 | | 2008 | ELECTRICITY | $ 25,000 | | $ 93,000 | | $ 120,000 | | $ 107,401 | | $ 122,566 | | $ 92,823 | NATURAL GAS | $ 16,000 | | | | | | | | | | | SWIMMING POOL CONTRACT | $ 22,000 | | $ 22,000 | | $ 25,000 | | $ 21,964 | | $ 21,744 | | $ 21,766 | REPAIRS/MAINTENANCE | $ 40,000 | | $ 53,700 | | $ 100,000 | | $ 54,202 | | $ 133,318 | | $ 48,656 | CUSTODIAL SUPPLIES | $ 6,000 | | $ 6,000 | | $ 6,000 | | $ 5,742 | | $ 8,725 | | $ 3,867 | WATER | $ 8,200 | | $ 5,500 | | $ 3,000 | | $ 7,137 | | $ 7,005 | | $ 7,880 | HYDRANT FEES | $ 1,350 | | $ 2,000 | | $ 2,000 | | $ 1,246 | | $ 1,802 | | $ 1 ,600 | SEWER FEES | $ 2,650 | | $ 3,290 | | $ 3,000 | | $ 2,616 | | $ 3,290 | | $ 1,962 | EQUIPMENT CONTRACTS | $ 4,000 | | $ 6,000 | | $ 3,100 | | $ 14,619 | | $ 10,745 | | $ 10,040 | SWIMMING POOL EXPENSES | $ 2,500 | | $ 2,000 | | $ 5,000 | | $ 2,915 | | $ 6,349 | | $ 9,085 | EXTERMINATING | $ 300 | | $ 500 | | $ 500 | | $ 262 | | $ 70 | | $ 268 | TOTAL CLUBHOUSE | $ 128,000 | | $ 193,990 | | $ 267,600 | | $ 218,104 | | $ 315,614 | | $ 197,947 | | | | | | | | | | | | | SCHEDULE 4 - TRANSPORTATION | | | | | | | | | | | | TRANSPORTATION | $ 56,600 | | $ 56,600 | | $ 80,000 | | $ 47,700 | | $ 60,737 | | $ 86,038 | | | | | | | | | | | | | | 2012 | | 2011 | | 2010 | | ACTUAL | | ACTUAL | | ACTUAL | SCHEDULE 5 - GEN & ADMIN | BUDGET | | BUDGET | | BUDGET | | 2010 | | 2009 | | 2008 | LOAN INTEREST/PRINCIPLE | $ 182,000 | | $ 60,000 | | | | $ 528 | | | | | PAYROLL | $ 573,300 | | $ 585,000 | | $ 581,580 | | $ 573,987 | | $ 495,594 | | $ 531,797 | PAYROLL TAXES | $ 63,063 | | $ 64,000 | | $ 60,950 | | $ 64,692 | | $ 53,430 | | $ 51,158 | HOSPITALIZATION/MEDICAL | $ 45,050 | | $ 46,000 | | $ 35,000 | | $ 47,185 | | $ 36,952 | | $ 33,200 | INSURANCE | $ 425,500 | | $ 431,156 | | $ 305,000 | | $ 457,297 | | $ 306,106 | | $ 271,526 | SECURITY PATROL | $ 45,000 | | $ 47,000 | | | | $ 21,035 | | $ 21,404 | | $ 43,011 | TELEPHONE/ANSWERING SERVICE | $ 12,000 | | $ 12,000 | | $ 10,000 | | $ 11,199 | | $ 10,541 | | $ 12,802 | PROFESSIONAL FEES | | | | | $ 15,000 | | | | $ 74,932 | | $ 98,967 | AUDIT | $ 9,000 | | $ 10,000 | | $ 9,000 | | $ 9,000 | | | | | COLLECTION | $ 18,000 | | $ 14,000 | | $ 15,000 | | $ 8,585 | | | | | BY-LAWS | $ 8,000 | | $ 12,000 | | | | | | | | | SETTLEMENT FEE | | | | | | | $ 1,256 | | $ 20,000 | | | GENERAL | $ 12,000 | | $ 12,000 | | $ 7,500 | | $ 11,715 | | | | | OFFICE EXPENSES | $ 30,000 | | $ 37,000 | | $ 13,000 | | $ 42,927 | | $ 35,415 | | $ 27,442 | RECREATION/ENTERTAINMENT | $ 5,000 | | $ 8,000 | | $ 7,000 | | $ 3,227 | | $ 11,570 | | $ 14,149 | POSTAGE | $ 6,000^ | | $ 8,000 | | $ 3,500 | | $ 9,564 | | $ 1,116 | | $ 2,000 | ADP PAYROLL SERVICES | $ 4.750 | | $ 4,200 | | $ 4,000 | | $ 4,178 | | $ 4,144 | | $ 3,224 | BUREAU OF HOUSING INSPECTIONS | | | | | | | $ 30,539 | | | | | BAD DEBTS | $ 10,000 | | $ 35,000 | | $ 25,000 | | $ 2,754 | | $ 35,000 | | $ (623) | TOTAL GEN & ADMIN | $ 1,448,663 | | $ 1,385,356 | | $ 1,091,530 | | $ 1,299,668 | | $ 1,106,204 | | $ 1,088,653 |
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