Ashford Lakes Resident Budget Package 634878748436367628

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ASHFORD LAKES COMMUNITY IMPROVEMENT ASSOCIATION

November 28, 2012

Dear Members,

The Board of Directors of Ashford Lakes Community Improvement Association has approved the 2013budget which sets the assessment rate at $476.00. Enclosed in this mailing is a copy of the 2013 budgetfor the association.

Please note that each owner will receive an individual statement which will include a coupon attached to

the bottom that should be returned with your payment. The 2013 assessment is due J anuary 1st

andconsidered delinquent after J anuary 31, 2013.

As a reminder, you can access your account, pay by credit card, Echeck or register for the ACHassessment payment option to transfer your funds to the Association bank account, and access otherassociation information utilizing the RealManage Resident Portal atwww.RealManage.com

Questions regarding the 2013 budget should be directed to RealManage at 1-866-473-2573 or via [email protected]

Sincerely,

Board of Directors
http://www.realmanage.com/http://www.realmanage.com/http://www.realmanage.com/mailto:[email protected]:[email protected]:[email protected]:[email protected]://www.realmanage.com/


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Board of Directors

www.RealManage.comRealReports

Annual Budget - Resident Budget Package

Ashford Lakes Community Improvement Association

Annual Budget for Fiscal Year 2013


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Annual Budget - Resident Budget PackageTable of Contents

RealManage is pleased to deliver this Annual Budget - Resident Budget Package , which has been prepared for use by the

Residents of the association.

DescriptionPage(s)Report / Document

Ashford Lakes Community Improvement Association

2 Pages / 3 to 4Cover Letter

Revenue and expense budget summary presented by fund in a side by side andconsolidated format.

1 Page / 5Budget Fund Revenue andExpense Summary (side byside)

Cash flow budget summary presented by fund in a side by side and consolidatedformat.1 Page / 6

Budget Fund Cash FlowSummary (side by side)

A detail analysis of funds currently designated in the Replacement Fund set aside, andthe calculation of funds needed, to pay for future major repairs or replacement of theassociations assets (unless provided by a Reserve Study).

1 Page / 7Replacement Fund Analysis


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Ashford Lakes Community Improvement AssociationRevenue and Expense Budget Summary for FY 2013

Operating FundReplacement

FundCommonProperty Fund

Consolidated

REVENUES

Assessments

Regular Assessments

Assessment Allocation

Total Assessments

Other Income

Total Other Income

TOTAL REVENUES

EXPENSES

Operating Expenses

Direct Operating Expenses

Electricity

Landscape Maintenance

Repairs and Maintenance

Other Expenses

Taxes

Water and Wastewater

Total Direct Operating Expenses

General and Administrative Expenses

Professional Fees

Bad Debts

B k Ch

$219,436 - - $219,436

($36,000) $36,000 -

$183,436 $36,000 $219,436

$20,000 - $20,000

$20,000 $20,000

$203,436 $36,000 $239,436

$15,383 - - $15,383

$57,428 - - $57,428

$25,354 - - $25,354

$2,036 - - $2,036

$84 - - $84

$25,200 - - $25,200

$125,485 $125,485

$5,190 - - $5,190

$21,948 - - $21,948


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Ashford Lakes Community Improvement AssociationCash Flow Budget Summary for FY 2013

Operating FundReplacement

FundCommonProperty Fund

Consolidated

Beginning Cash Balance (All Cash Accounts)

Cash from Operating Activities

Net Surplus (Deficit)

Add Back Depreciation Expense (non-cash)

Add/Subtract Projected Decrease/Increase in A/R,Prepaid Expenses and Other Assets

Add/Subtract Projected Increase/Decrease in A/P,Prepaid Assessments, and Other Current Liabilities

Net Cash Flow from Operating Activities

Cash from Investing Activities

Purchase/Repair of Facilities & Equipment (Capitalized)

Net Cash Flow from Investing Activities

Cash from Financing Activities

Loan Principal Payments

$74,298 $161,605 - $235,903

- - - -

- $36,000 ($1,164) $34,836

- - $1,164 $1,164

$4 - - $4

- - - -

$4 $36,000 - $36,004

- - - -

- - - -

- - - -

- - - -

- - - -


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Ashford Lakes Community Improvement AssociationReplacement Fund Analysis

ActualBudgetedAnnual

Allocation tothe Repl Fund

RequiredFunds

ProjectedInterest WC or

Init CapitalAllocation inBudget Year

ProjectedExpensesin Budget

Year

ProjectedRepl FundBalance at

CurrentYear End

EstFutureReplCost

EstRemainUseful

Life(Years)Useful LifeAssest/Component

-$40,000---$40,00010Fence

-$300,000---$300,000110Lakes

$36,000($144,000)--$144,000-10Undesignated Allocation

$36,000$196,000$144,000Totals:

The information detailed in this report is provided as a planning guide only, unless supported by a Reserve Study prepared by a qualified and

licensed firm or individual in the applicable state. RealManage strongly recommends that the association have a Reserve Study preparedand updated on an annual basis by a qualified and licensed firm or individual. RealManage is not qualified or licensed to prepare and issue a

Reserve Study and does not represent or warrant any of the information provided herein. It is the responsibility of the association's Board ofDirectors to maintain and protect the assets of the association.

Final Printed on 11/8/201

A n n u a l B u d g e t - R e s i d e n t B u d g e t P a c k a g e P a g e 7 o f 7

Ashford Lakes Resident Budget Package 634878748436367628

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