|
To contact us: |
|
Phone: 555-555-5555 Fax: 555-555-5555 E-mail: someone@example.com |
|
Fiscal Year 2007 - 2008 |
|
2007 – 2008 Assessment Fees
Front Lot with Dwelling $117.00
Front Lot – Vacant $47.00
Back Lot with Dwelling $94.00
Back Lot – Vacant $23.50
|
|
The 2007 – 2008 Budget is a representation of monies collected and expended by the Association. If you have any questions, you can contact any Board member.
|
|
What am I paying for?
The Second Amended Covenants and Restrictions (1992) mandate how your assessments are determined. The following are from number 16.
The annual assessment for maintenance of private road and park is due without penalty on or before March 31st. The assessment is based on Case Township tax roles as of November 1st each year.
The assessable unit cost is determined by dividing the estimated budget (including any deficits from previous years) by the number of assessable units. |
|
Rainy Lake Property Owners Association, Inc.
INFLOWS Assessments 23,750 Donations 0 Fish Fund Assessment 2,235 Interest Income 125 Penalties 0 Total Inflows 26,110
OUTFLOWS Annual Meeting Expenditure 150 Bank Charges 20 Charity Case Township Fire Department 50 Flowers 100 Onaway Ambulance 50 PI County Road Commission 50 Charity – Other 0 Education 0 Riparian Fund (Includes $1,000 from General Fund) (and includes $1,20 Fish & Lake Study) 3,200 Insurance 2,700 Legal Attorney Fees 250 Fees and Liens 200 Memberships MKC 50 ML & SA 320 Web Page Annual Fees 25 Office Supplies and Equipment 175 Postage 500 Printing and Copying 450 Road & Park Maintenance Designated Fence Repair 500 Designated Gravel 1,000 Designated Gypsy Moth 3,000 Designated Park Maintenance 500 Designated Sign Repair 300 Lake Maintenance 0 PI County (plowing & grading) also Brining 9,500 Road & Park Maintenance – Grass Cutting 500 Taxes IRS 185 Tax Roll Fee 20 Taxes – Other 0 Travel Reimbursement 550 Treasurer’s Salary 1,200 Total Outflows 25,545
Total Inflows 26,110 Total Outflows -25,545 DIFFERENCE (to Savings Account) 565
All figures in rounded dollars. Fiscal year from July 2007 to June 2008 |
Newsletter Page 7 |
|
Rainy Lake Property Owners Association, Inc. |
