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ELATION AT BAYTOWNE WHARF COA

Approved Operating Budget
January 1, 2011 - December 31, 2011

G/L ACCOUNT
NUMBER

DESCRIPTION

2010 PREVIOUS YEAR

BUDGET
MONTHLY

2010 PREVIOUS YEAR

BUDGET
ANNUAL

2011APPROVED
BUDGET
MONTHLY

2011APPROVED
BUDGET
ANNUAL

**REVENUE
40000

Owner Assessments

40002-00

Reserve Income

40014

Legal Fee Income

40050

Laundry Income

42

500

40078

Late Fee Interest

133

1,600

40080

Interest Income

21

250

53,618

**TOTAL REVENUE

53,422

641,059

50,760

609,119

4,753

57,038

41

500

643,409

55,555

666,657

3,861

46,337

3,861

46,337

442

5,300

458

5,500

3,792

45,500

6,250

75,000

60

417

5,000

416

5,000

37

450

EXPENSES
**ADMINISTRATIVE
50005

Mgmt & Accounting Fees

50008

CPA Fees

50012-00

Bad Debts-

50015

Bank/Check Charges

50045-00

Legal Fees-

50045-04

Legal Fees- Collections

50050-00

License, Taxes, Permit-

40

475

50050-15

License, Taxes, Permit- Elevators

21

253

50053

Corporate Annual Report

61

65

50081

Printing/Postage/Stationery

167

2,000

250

3,000

50090-03

Professional Fees- - Consulting Fees

83

1,000

83

1,000

50110

Miscellaneous Expenses

167

2,000

166

2,000

9,000

107,986

11,529

138,352

**TOTAL ADMINISTRATIVE

**PROPERTY INSURANCE
52027

General Liability

282

3,384

291

3,500

52032

Umbrella Insurance

183

2,200

166

2,000

52033

Windstorm Insurance

5,771

69,250

5,416

65,000

52034

Flood Insurance

3,201

38,416

3,500

42,000

52035

Directors & Officers Insurance

104

1,250

104

1,250

52036

Fidelity/Crime Bond

42

500

41

500

52040

Ins. Finance Charge

417

5,000

416

5,000

10,000

120,000

9,937

119,250

**TOTAL PROPERTY INSURANCE

ELATION AT BAYTOWNE WHARF COA

Date: 11/3/2010

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G/L ACCOUNT
NUMBER

DESCRIPTION

2010 PREVIOUS YEAR

BUDGET
MONTHLY

2010 PREVIOUS YEAR

BUDGET
ANNUAL

2011APPROVED
BUDGET
MONTHLY

2011APPROVED
BUDGET
ANNUAL

**UTILITIES
54050-00

Electricity-

6,600

79,200

7,333

88,000

54070-53

Water & Sewer- - Sewer

4,333

52,000

4,333

52,000

54070-63

Water & Sewer- - Water

917

11,000

916

11,000

54100-72

Telephone- Telph & Communications

42

500

18

220

11,892

142,700

12,601

151,220

**TOTAL UTILITIES

**CONTRACTS
60021-63a

Contracts- Maint - Bldg

7,302

87,630

7,302

87,630

60024

Wireless Internet Contract

2,820

33,840

1,770

21,240

60035

Elevator Contract/Maint

1,083

13,000

1,083

13,000

60040

Elevator Inspection

31

375

25

300

61010

Pest Control

367

4,400

375

4,500

11,603

139,245

10,555

126,670

771

9,249

791

9,500

**TOTAL CONTRACTS

**OTHER
70000-62

Common Expenses- - Solstice Club

70000-63

Common Expenses- - Shared Amenities

4,537

54,446

4,261

51,127

**TOTAL OTHER

5,308

63,695

5,052

60,627

167

2,000

166

2,000

**REPAIRS/MAINTENANCE
70043-25

Repairs/Maintenance- HVAC Parts/Rep

70043-40

Repairs/Maintenance- Lighting

62

750

62

750

70043-48

Repairs/Maintenance- Locks & Keys

21

250

20

250

70043-63

Repairs/Maintenance- Painting

125

1,500

83

1,000

70048-24c

R&M Equipment- Fire Alarm/Sprinkler Insp/Rep

292

3,500

125

1,500

70060

Bldg Maint - General

250

3,000

250

3,000

70104

Rugs & Bench

125

1,500

125

1,500

70177

Bldg Maint & Supplies

208

2,500

291

3,500

70199

Water Damage Repairs

1,250

15,000

1,125

13,500

**TOTAL REPAIR/MAINTENANCE

**RESERVE ALLOCATION
80000-05a

Reserve Transfers- Carpets

517

6,208

517

6,208

80000-126a

Reserve Transfers- Paint - Interior

340

4,085

403

4,846

80000-20

Reserve Transfers- Elevators

334

4,012

373

4,480

80000-200

Reserve Transfers- Fire System

101

1,211

125

1,500

80000-34

Reserve Transfers- Painting

2,856

34,275

2,890

34,680

ELATION AT BAYTOWNE WHARF COA

Date: 11/3/2010

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Page 3 of 3

G/L ACCOUNT
NUMBER

DESCRIPTION

80000-66

Reserve Transfers- Roof

80000-720a

2010 PREVIOUS YEAR

BUDGET
MONTHLY

2010 PREVIOUS YEAR

BUDGET
ANNUAL

2011APPROVED
BUDGET
MONTHLY

2011APPROVED
BUDGET
ANNUAL

365

4,381

386

4,637

Reserve Transfers- Tiles - Interior

51

611

57

687

**TOTAL RESERVE ALLOCATION

4,564

54,783

4,753

57,038

53,617

643,409

55,552

666,657

**TOTAL EXPENSES

Operating Net Income or Loss

ELATION AT BAYTOWNE WHARF COA

Date: 11/3/2010