Montgomery West HOA 2012 Budget
			2011 Projected Actuals		2011 Budget			2012
			Jan - Dec 11		Budget			Budget
	Income
		4000 · Homeowners Assessment	45,760.00		45,760.00			45,760.00
		4010 · Penalty Asseessment	1,135.00					0.00
		4020 · Reimbursement for Legal Fees	760.00
		4200 · Processing Fee	300.00					0.00
		4500 · Interest Income	4.07		0.00			562.00
	Total Income		47,959.07		45,760.00			46,322.00
	Expense
		Supplies and Administrative	753.06		775.00			2,376.50
		5160 · Copies	75.00		75.00			87.00
		5170 · Computer and Internet Expenses	0.00					1,500.00
		5230 · Office Supplies	71.37		100.00			100.00
		5190 · Postage and Delivery	300.00		320.00			410.00
		5210 · Rental Room	100.00		100.00			100.00
		5220 · Refreshments	26.69		0.00
		5150 · PO Box Rental	60.00		60.00			60.00
		5240 · Website	120.00		120.00			119.50
		Taxes, Fees, Legal, Accounting and Insurance	5,272.90		8,999.00			9,058.00
		5180 · Montgomery County HOA Fees	312.00		312.00			312.00
		5185 · personal propery tax	35.40		0.00			35.00
		5200 · Real Estate Tax	0.00		50.00			50.00
		5300 · Insurance	630.00		997.00			997.00
		5400 · Legal Fees	1,500.00		5,000.00			5,000.00
		5500 · Accountant	2,200.00		2,200.00			2,200.00
		5600 · Treasurer In Kind Reimbursement	440.00		440.00			440.00
		5000bad · deposit item returned	110.00
		5130 · Bank Service Charges	45.50					24.00
		Landscaping and Refuse Collection	34,353.00		33,542.00			27,978.30
		5235 · snow removal	60.00		250.00			250.00
		6000 · Landscape/Annuals/Debris Removal	2,500.00		2,000.00			5,000.00
		6100 · Lawn Service	15,428.00		15,428.00			15,427.50
		6200 · Repairs	9,365.00		9,000.00			0.00
		6400 · Refuse collection	7,000.00		6,864.00			7,300.80
		8000 · Reserve Fund (t. rowe price)	7,580.11		8,844.00			6,909.20
	Total Expense		47,959.07		52,160.00			46,322.00