Bay Colony Homeowners Association, Inc .

1. Bay Colony Homeowners Association, Inc. 2013 Approved Budget

2. Proposed 2013Budget (See: 2013 Budget Proposal • The Proposed 2013 Budget is based essentially on 2012 actuals, adapted for known changes. • Budgeted Income from all sources is $25,600. • Budgeted Expenditures are $16,635, prior to allocation of $1,294 for funding future reserve expenditures, and the 2013 Capital Budget of $4,171 (per Attachment C). • This results in a modest predicted increase in surplus for the year, assuming that operating expenditures remain fairly constant, and capital expenditures are accomplished in accordance with programmed replacements per the amortization schedule. • The Board will continue their efforts to offset escalating costs by various means, including: • Sponsoring the Annual Cleanup Day, • Competitively bidding of service contracts, • Use of low cost local labor for maintenance, and • Performing accounting in house (via a member’s volunteer services. AGENDA

3. Proposed 2013 Capital Budget

4. Amortization Schedule

5. 2013 Budgeted Expenditures Chart