The 2009 Budget for POATRI has been determined by a vote of the property owners who have rejected a proposed increase to the 2009 assessment. The following Budget was presented to the Membership in the election packet:

 

2009 PROPOSED BUDGET SUMMARY		NO VOTE BUDGET
Income Revenues: Current 2009 Assessment ($155.32 x 3300)		512,556
Past Due Collections & Volunteer Assessments		45,000
Total Projected Revenues		557,556
Less:  Total Assessment Side Operating Expenses
Road Payroll & Contract Repair Costs		60,000
Administrative Payroll		43,000
Admin Costs (Utilities, Fuel, Equipment & Vehicle Repair, etc.)		66,500
Insurance & Taxes		25,000
Professional Fees (Auditor, Legal, Security)		124,000
Communications (Newsletters, Postage, Office Supplies, Internet, etc.)		16,500
Collections (Liens, Deed Research, Foreclosures)		17,750
Interest (Loans, Financed Insurance)		8,600
Budget Reserve for Emergencies		0
Total Assessment Side Expenses		361,350
Less: Capital Expenditures: Debt Service: Trucks & Graders		52,540
Replenish Contingency Fund		76,000
Capital Repairs Non-Resort		0
Total Capital Cash Expenditure		128,540
Sub Total:   Net Assessment Side Revenues		67,666
Less:   Closed Resort Operating Expenses: Payroll		20,000
Insurance & Taxes		18,800
Adminstrative (Repairs, Vehicle, Licenses		14,800
Capital for Repairs/Improvements		0
Total Closed Resort Costs		53,600
Total Net Income/Cash Flow Requirements		14,066
Assessment Increase required to Balance Budget		$0.00
Total Assessment Fee to Balance Budget		$155.32

 

This same budget has been approved by the Board of Directors at the January 31, 2009 quarterly meeting in this more detailed form, with a slight revision to update the cash outlay for assets:

 

Link to Detail 2009 Budget 

 

 

 

Property Owners Association of Terlingua Ranch, Inc.