Proposed Budget 2019

October 23, 2018

UEHOA Proposed 2019 Budget

University Estates HOA Proposed Budget 2019
Sources of Income
Lots107
Dues $225.00
Total Dues $24,075.00 
Allowance for Bad Debt $(4,092.75)
Total Income $19,982.25 
Expenses
Legal $5,000.00
Office Expenses & Mailings $300.00
Corporation Taxes – Fed and State $500.00
Accounting Service $1,300.00
Directors & Officers Insurance $900.00
Landscaping Service $4,100.00
New Residents Gifts $250.00
Community Safety Projects $3,000.00
Short Term Liabilities $1,632.25
Community Events $500.00
Total Expenses $17,482.25 
Net Income $2,500.00 
2019 Projected Cash Flows – UEHOA
Cash @12/31/1850[A]
Cash Provided by Operating Activities
Net Dues Collected $19,982.25
Total Net Cash Provided $19,982.25 [B]
Uses of Cash
Net Change Accounts Payable $-
Net Change Loans from Homeowners $-
Operating Expenses $17,482.25
Total Uses of Cash $17,482.25 [C]
Projected Cash Balance @12/31/19 $2,550.00 [A]+[B]-[C]