Tuesday, September 1, 2015

NEW BOARD AND 2016 BUDGET

(Here is the new board and contact information, followed by the upcoming budget.  If you have any questions about anything, please contact one of those listed.   Bob)

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President- Owen Fulghum
Vice President - Linda Hughes
Vice President in Charge of Roads-  
Jeff Hintzman
Secretary- Fay Grant
Treasurer- Tom Batchelor
Keith Patton has agreed to help Jeff with decisions concerning our roads during the year.
We appreciate his help in doing this.
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BUDGET for Apple Creek Acres Homeowners Association - 2016

Note: As of 8/19/15 the Association had a fund balance of $7,074.28. There are projected expenses of $3000.28 for the remainder of the year. There is a carry over to reduce next year’s assessment in the amount of $4,074.00.

Projected Expenses:
Roads:
Main Road Repair $21,799.00*
Side Roads 4000.00
Snow Removal/Salt 7000.00
Sub Total $32,799.00

Other:
Legal $1000.00
Mailing 100.00
Office Supplies 100.00
Bank Fees 75.00
Reimbursement 1000.00
Insurance 750.00 (general liability coverage for protecting ACAHA at large)
Sub Total $3025.00
Total Expenses: $35,824.00

Income: $31,750.00 2016 Assessment of $250.00 x 127 lots
4,074.00 Carry over from 2015
Total Funds: $35,824.00 for all expenses related to ACAHA road repair and maintenance

*Includes $5,000.00 for needed replacement of first under-road culvert past entrance gate
Note: This budget is a projection of planned expenses. Unplanned events may require the revision of the budget.