PPTA BUDGET 2008
1st Quarter		1st Quarter
		Income
2008 Budget		Dues:	$23,719.20
		Interest:	$15.73
		TOTAL INCOME:	$23,734.93
		Transfer from Savings/CD:	$10,685.83
		TOTAL:	$34,420.76
Income (49 Units)
Monthly Dues	$6,860.00	$140.00 per month per unit, 49 units
Expenses	Annual	Monthly	Notes	PAID:
Bank Fees	$120.00	$10.00		$3.00
Bookkeeping	$75.00	$6.25		$0.00
Chimney Inspections, Cleaning, and Repair	$970.00	$80.83	Budgeted for April	$0.00
Gov't Biennial Report	$10.00	$0.83		$0.00
Gutters	$1,375.00	$114.58	Peakview cost, Budgeted for June	$50.00
Homeowners Insurance - Business Owners Policy	$8,330.00	$694.17	Building coverage, Jan.	$7,707.00
Homeowners Insurance - Directors and Officers	$402.00	$33.50	D&O, Jan.	$493.00
Homeowners Insurance - Fidelity and Bond	$494.00	$41.17	Bonding, Oct.	$400.00
Homeowners Insurance - Umbrella	$372.00	$31.00	Umbrella, Feb.	$0.00
TOTAL INSURANCE	$9,598.00	$799.83		$8,600.00
Legal	$1,446.00	$120.50		$3,102.35
Maintenance + Outside Contracts	$18,096.00	$1,508.00	$32/hr.w/material=$17063, + mowing @ $800/yr., + Outside Contracts @ $105/yr	$5,890.70
Misc	$100.00	$8.33		$0.00
Webpage	$99.00	$8.25	$99/yr website hosting + help, $67.50 pd domain name through 1/31/2013	$48.00
Office	$383.00	$31.92	Includes P.O. Box $52, Safe Deposit Box $30, Accountant	$64.77
Paving, Road Maintenance	$1,912.00	$159.33		$0.00
Property Management	$8,400.00	$700.00	Excess for SB, excess projects	$2,100.00
Snowplowing	$2,876.00	$239.67	Includes ice melt	$370.00
Staining - Buildings + Mid-Schedule Surface Staining	$24,731.00	$2,060.92	3 year average, July	$950.00
Trash	$6,564.00	$547.00	$547 average per month	$1,502.34
Error correction				$79.20
Total Expenses	$76,755.00	$6,396.25		$22,760.36
Reserves	Annual	Monthly	Notes	PAID	Reserve
Roofing	$5,565.00	$463.75	Began July 2004	$390.00	$17,622.50
Total Reserves	$5,565.00	$463.75		$390.00	$17,622.50
Total Expenses and Reserves Budgeted Annually	$82,320.00
Total of Expenses and Reserves PAID in:	1st Quarter			$23,150.36
NET Income:	$11,270.40