Ravensway Saracen
Park
Home Association
Ravensway Saracen Park
It costs a lot to run a neighborhood
 Administrative
expense
$67,080
 Amenities operations
$127,700
 Community Services
$118,100
 Capital improvements
$40,000
 Delinquency collection
$12,900
 Deed restriction enforcement $15,500
2006 budgeted expenses
$453,280
Ravensway Saracen Park
It costs a lot to run a neighborhood
Where does the money Go?
Ravensway Saracen Park
Administrative cost 2006
BANK CHARGES
350
BILLING & ACCOUNTING
8,600
CPA & AUDIT FEES
1,825
D&O LIABILITY
3,100
DONATIONS
DUES & SUBSCRIPTIONS
FEDERAL TAXES
LEGAL FEES
MANAGEMENT FEES
175
50
100
10,000
7,000
MISCELLANEOUS
500
OFFICE SUPPLIES
800
POSTAGE
2,800
PRINTING & COPIES
1,700
PROPERTY TAXES
PROP/LIAB INSURANCE
80
30,000
$67,080
Ravensway Saracen Park
Amenities Operations 2006
CLUBHOUSE OPERATIONS
10,000
CLUBHOUSE REPAIRS
8,000
ELECTRICITY
8,400
ACTIVITIES EXPENSE
3,000
STABLES EXPENSE
0
SWIM TEAM EXPENSE
0
GENERAL SUPPLIES
LANDSCAPE CONTRACT
700
29,000
LANDSCAPE - OTHER
6,300
OTHER REPAIRS
5,000
PEST CONTROL - AMENITIES
1,300
PLAYGROUND REPAIRS
POOL MANAGEMENT
200
38,500
POOL REPAIRS
3,600
POOL SUPPLIES
2,800
TELEPHONE
3,000
TENNIS COURT REPAIRS
1,800
WATER & SEWER
6,100
$127,700
Ravensway Saracen Park
Community services 2006
NEIGHBORHOOD EVENTS
4,500
POWDERHORN EXPENSES
0
MOSQUITO FOGGING
900
PATROL - CONTRACT
51,200
PATROL - EXPENSES
1,000
STREET LIGHTS
54,000
$118,100
Ravensway Saracen Park
Capital Improvements 2006
SMALL POOL IMPROVEMENTS (replaster)
2,500
LARGE POOL IMPROVEMENTS (diving board)
2,500
RAVENSWAY SIGN
15,000
STREET LIGHT
2,000
NEW PLANTS FOR TENNIS COURTS
4,000
TENNIS/B-BALL IMPROVE (courts 3 and 4)
14,000
$40,000
Ravensway Saracen Park
Delinquency Collections 2006
DC - INSTALLMENTS
600
DC - INVOICES & DEMANDS
3,500
DC - LIENS
1,500
DC - LEGAL FEES
6,000
DC - TITLE SEARCHES
1,300
$12,900
Ravensway Saracen Park
Deed Restriction Enforcement
DR - INSPECT & LETTERS
DR - LAWN MNTENANCE
9,900
0
DR - PICTURES & DEMANDS
1,600
DR - LEGAL FEES
3,800
DR - TITLE SEARCHES
200
$15,500
Ravensway Saracen Park
Our Income 2006
CURRENT ASSESSMENTS
268,000
PRIOR YR ASSESSMENTS
2,200
POOL REGISTRATION
100
INT INCOME - OPERATING
3,900
INT INCOME - RESERVE
3,850
OTHER INCOME
0
ACTIVITIES INCOME
0
POWDERHORN
0
STABLES INCOME
0
SWIM TEAM INCOME
0
LATE FEES
3,000
REIMB. COLLECTIONS
4,200
REIMB. LEGAL FEES
5,000
REIMB. LAWN FEES
50
RENTAL - CLBHSE/POOL
2,000
$292,300
Ravensway Saracen Park
It costs a lot to run a neighborhood
2006
TOTAL ASSOCIATION EXPENSES
$374,780
TOTAL ASSOCIATION INCOME
$292,300
Net Income (loss)
($82,480)
Ravensway Saracen Park
It costs a lot to run a neighborhood
Where have we been?
Ravensway Saracen Park
It costs a lot to run a neighborhood
2000 YEAR
2001 YEAR
2002 YEAR
2003 YEAR
2004 YEAR
2005 YEAR
2006 YEAR
percentage
ACTUAL
ACTUAL
ACTUAL
ACTUAL
ACTUAL
ACTUAL
BUDGET
change
2000 v 2006
TOTAL ADMINISTRATIVE
EXPENSE
35,198
37,279
46,764
49,284
48,563
54,003
67,080
90.58%
114,205
143,656
114,915
123,131
129,151
118,009
127,700
11.82%
TOTAL COMMUNITY SERVICES
82,151
87,992
80,510
84,925
79,264
105,647
111,600
35.85%
TOTAL CAPITAL
IMPROVEMENTS
47,590
14,135
9,402
77,407
8,205
33,409
40,000
TOTAL DELINQUENCY
COLLECTION
3,678
3,851
11,653
10,023
10,423
16,754
12,900
250.73%
TOTAL DEED REST
ENFORCEMENT
8,527
9,383
10,003
10,263
13,141
14,226
15,500
81.78%
TOTAL ASSOCIATION
EXPENSES
291,349
296,296
273,247
355,033
288,747
342,048
374,780
28.64%
TOTAL ASSOCIATION INCOME
311,773
289,511
281,385
286,497
292,154
296,755
292,300
93.75%
20,424
(6,785)
8,138
(68,536)
3,407
(45,293)
(82,480)
TOTAL AMENITIES
OPERATIONS
NET INCOME (LOSS)
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
7 years
We have collected
$2,050,375
In assessments
A zero% increase in this time frame
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
7 years
We spent
$870,767
In operating amenities
an 11% increase in this time frame
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
7 years
capital improvements totaling
$230,148
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
7 years
We spent
$632,089
In community services
a 41% increase in this time frame
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
7 years
We spent
$69,282
to collect from delinquent homeowners
A 250% increase in this time frame
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
7 years
We spent
$81,043
To enforce deed restrictions
An 81% increase in this time frame
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
7 years
We have a total net loss
-$171,125
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the last
17 years
Assessments
Have not been raised
Ravensway Saracen Park
It costs a lot to run a neighborhood
In the next year or two
We
Will have to decide
What we can do with out
You balance a budget by spending less
Or
Generate more income
Ravensway Saracen Park
It costs a lot to run a neighborhood
Turn off the street lights save $54,000
No mosquito fogging save $900
No activities budget save $7500
No sheriff's patrol save $52,000
No capital improvements save $40,000
Cut pool operating hours save $7,000
Ravensway Saracen Park
It costs a lot to run a neighborhood
You can’t cut back services and repairs
and keep the quality of life and the
property values.
Our electric for example has gone up
by 30% in the last year
How can you expect to keep the
assessment the same for 17 years?
A yes vote is what will make the
difference
Ravensway Saracen Park
It costs a lot to run a neighborhood
2 years of losses like this and the
HOA will have no choice but to
cut services to stay around
Ravensway Saracen Park
It costs a lot to run a neighborhood
You Decide!
Turn off the street lights save $54,000
No mosquito fogging save $900
No activities budget save $7500
No sheriff's patrol save $52,000
No capital improvements save $40,000
Cut pool operating hours save $7,000
OR Vote YES!