Budgets

2007-2008 Budgets

The budgets listed here are to show you what the projected expenses are for the year of 2008 and what the budget was for 2007.

The actual expenses and income for 2007 can be obtained in a financial report through the management agent, Kentucky Realty Corporation.

The budgets outlined below are not actual expenses or what was actually paid out for current or previous years.

Please contact your management office to obtain actual financial reports.

2008 Budget

Income

Maintenance Fees @ $125 $56,000.00
Total Income $56,000.00

Expenses


Insurance $2,100.00
LG&E $19,000.00
Water $650.00
Lawn & Landscaping $13,800.00
Management Fee $6,000.00
General Maintenance $1,000.00
Postage/duplication $1,500.00
Irrigation $400.00
Miscellaneous $1,500.00
Taxes/License $500.00
Professional/Legal $1,000.00


Total Expenses $47,450.00

Total Expenses $47,450.00
Total Income $56,000.00
*Reserves $8,550.00

2007 Budget

Income

Maintenance Fees @ $125 $56,000.00
Total Income $56,000.00

Expenses


Insurance $1,568.00
LG&E $25,000.00
Water $600.00
Lawn & Landscaping $13,025.00
Management Fee $6,000.00
General Maintenance $1,000.00
Postage/duplication $600.00
Irrigation $400.00
Miscellaneous $1,500.00
Taxes/License $500.00
Professional/Legal $1,000.00


Total Expenses $51,193.00

Total Expenses $51,193.00
Total Income $56,000.00
*Reserves $4,807.00

Email us
slb@kyrealty.net