ARCADIA PARK HOMEOWNERS ASSOCIATION ("APHA")
Budget Estimate for Calendar Year 2008
Income
	Dues Income (181 homes @ $315)	$    57,015.00
	Late Fee Assessments of 5%	$               -
	Interest Income	$        250.00
	Total Income	$    57,265.00
Maintenance
	Grounds & Lawn Maintenance	$    18,000.00
	Landscape Extras (fertilizers)	$     2,000.00
	Snow	$     5,000.00
	Sprinkler System Maintenance	$     1,000.00
	Electrical Maintenance (fix main fountain)	$     1,500.00
	Miscellaneous (Pond/Fountain)	$     5,000.00
	Grounds Improvements (holiday lights, new trees)	$     2,000.00
	Repairs (new water valve)	$     1,000.00
	Dead Tree Removal	$     2,000.00
Utilities
	Electric	$     4,000.00
	Water	$     4,500.00
Insurance & Taxes
	Property & Liability	$     3,500.00
Administrative
	Management Services	$               -
	Postage & Printing	$        700.00
	Web site/logo	$        350.00
	Office Supplies	$        300.00
	Accounting Fees	$        300.00
	Legal Fees	$               -
	Bank Service Charge	$               -
	Miscellaneous (New Neighbor welcome basket)	$        500.00
	Meeting Expense	$        500.00
	Social Subsidy	$     1,500.00
	Total Expenses	$    53,650.00
	2007 Operating Surplus
	less: Required Reserve 10%	$    (5,701.50)
	plus: cash balance as of 12/31/07	$    15,345.36
	less: Pond Improvement Fund	$   (10,000.00)
	Year End Surplus/(Deficit)	$            (356)