Where Do Your Dues Go?
We have received many questions as to where your monthly Homeowners dues go. Below is a list of how those dues are broken down per month. All items have been averaged out over a 12 month period.
Our monthly income is $19,391.00.
General Insurance |
$1,504.00 |
Insurance Deductible |
834.00 |
Telephone |
150.00 |
Website |
15.00 |
TV |
1,800.00 |
Water/Sewer/Trash |
6,700.00 |
Electric |
834.00 |
Manager |
1,500.00 |
CPA |
83.00 |
Legal |
83.00 |
Office Supplies |
166.00 |
Postage |
59.00 |
Contingency Fund |
125.00 |
Taxes |
732.50 |
Weed Whacking |
167.00 |
Snow Removal |
1,000.00 |
Clubhouse |
108.00 |
Reserve Fund |
834.00 |
Our monthly expenses average out to $16,694.50. This is without any unexpected expenses.
This leaves $2,696.50 for all maintenance and lighting issues, labor AND materials, per month. As you can see it isn’t much for maintenance—when you consider we have 10 buildings with much work that needs to be accomplished on each—nor does it leave much for unexpected expenses.