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Autumn Heights Budget Overview

This overview provides a detailed analysis of the 2007 budget for Autumn Heights, discussing dues, long-term goals, and expenses. It also includes an overview of the community and its amenities.

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Autumn Heights Budget Overview

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  1. Autumn HeightsBudget Overview December 14, 2006

  2. Purpose Provide an overview of the 2007 Budget and discuss the HOA dues

  3. Agenda • Long Term goals • Overview of Autumn Heights • 2006 Budget • 2007 Budget • Dues Summary • Conclusion

  4. Autumn Heights Overview • 140 great neighbors • 22 years old • In good shape for its age • Pool • Hot tub • Clubhouse • Acres of grounds • 64 sprinkler zones

  5. Autumn Heights Overview • 16,780 sf of Concrete • 3,125 lf of wood fence • 4280 sf of wood retaining walls • 210 Waste & Vent lines, water and sewer laterals • 95,921 sf Asphalt Pavement • 22,760 lf of Gutters and Downspouts • Over 300 trees and 200 bushes

  6. Reserve Expenses • 297K paid 2004-2006 • Trim and siding • Drainage problems • Water Damage • Painting • Insurance deductibles • Soffit and Chimney repairs • Gutters • Painting • Concrete • Current reserve $60K

  7. 2005 Summary • Retired $ 35K of roofing loan • Torrential rain resulting in structural damages • Completed second (final) phase of the trim repair and painting • Routine maintenance and repairs

  8. 2006 Objectives • Live within current budget • Continue to retire roof loan • Focus discretionary spending on “curb appeal” items • Advertise our strengths with local realtors

  9. 2006 Budget Overview • Budget $334K (same as 2005) • $70K Loan • $40K Lawn, trees & landscaping • $69K Utilities & trash • $36.5K Insurance • $20K Management • $47K Misc • $52K Reserve

  10. Long Term Goals • Long term financial stability • Continued increase in property value • Make Autumn Heights a place where people want to live • Continued enforcement of covenants

  11. 2007 Budget Overview • Budget $317,600 (53,760 increase) • $70K Loan • $42K Lawn, trees & landscaping • $71K Utilities & Trash • $31K Insurance • $24K Management • $36K Misc • $105KReserve

  12. Dues Increase • $32.50 (now $25) per month increase • $7.50 per month storm water • $23 per month to the Reserve Fund • $2 per month to increasing expenses

  13. Questions

  14. Closing Comments

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