11HBEHOA 08 Proposed BudgetB29703		HBEHOA 2008 PROPOSED BUDGET					N
					HBEHOA INCOME			E
			2,006	2,006	2,007	2,007	2,008	E
			Budgeted	Actual	Budgeted	Actual	Proposed
			Income		Income	Income	Income
			$25,550	$25,780	$25,725	$26,005	$29,400	1
			$175/lot		$175/lot		$200/lot	2
		Total 06	Total 06	Total 07	Total 07	EOY Projected	FY 08
		Budgeted	Expended	Budgeted	Expended	Expended	Proposed
Budgeted Accounts		IN	OUT	IN	TO DATE	Out In  07	IN
a. Operating Expense Account
Bathroom Cleaning		$540	$576	$540	$457	$547	$600	3
Beach Pathway Maintenance		$500	$346	$500	$0	$400	$300	4
Board of Director Expenses		$1,300	$1,539	$1,300	$1,429	$2,000	$2,200	5
Bookkeeping		$200	$200	$200	$0	$200	$200	6
Common Grounds Maintenance & Materials		$4,000	$3,790	$4,400	$3,698	$4,320	$4,300	7
Electricity		$2,000	$2,058	$2,000	$1,597	$2,137	$2,280	8
Insurance		$2,200	$3,483	$2,000	$0	$2,500	$2,600	9
Legal Expenses		$1,000	$500	$1,000	$1,000	$1,000	$2,000	10
Misc Expenses		$250	$0	$250	$0	$0	$250	11
Pool Maintenance & Supplies		$5,200	$5,166	$5,200	$4,360	$5,740	$6,020	12
Retention Pond Maintenance		$800	$600	$800	$185	$385	$800	13
Social Committee Expenses		$600	$464	$300	$70	$120	$300	14
State & County Tax & Fees		$2,500	$261	$500	$61	$61	$100	15
Water		$1,500	$1,280	$1,500	$571	$921	$1,000	16
**Operating Expense Account Sub-total		$22,590	$20,263	$20,490	$13,428	$20,331	$22,950	17
Reserve Accounts Budget		$2,960	$2,609	$5,235	$7,915	$14,715	$6,450	18
Total Planned Annual Budget		$25,550	$22,872	$25,725	$21,343	$35,046	$29,400	19
Projected  2007 Surplus		$439	($280 in Dues Penalties + $159 in surplus Operating Funds)
RESERVE ACCOUNTS		Budgeted	Actual	Budgeted	Ending	Budgeted	Budgeted
		2,006	2,006	2,007	2,007	2,008	Carry over
RESERVES IN		Reserves	Reserves	Reserves	*Reserves	Reserves	Reserve 08
b. Reserve For Deferred Maintenance Account							$4,000	20
c. Reserved for Replacement Account							$5,176	21
d. Betterment Account							$0	22
**Reserve Account Sub-total		$2,960	$5,517	$5,235	$5,674	6,450	$9,176	23
					*Included 07 Surplus
Prior Year Carry In		$13,859	$13,859	$16,767	$16,767	$7,726