BHA 2014 Budget

Dear Butterfield Homeowners Association member:

Please find below the proposed 2014 budget that will be presented by the board for formal approval at the January 9th, 2014 BHA meeting. Members will also be receiving a copy in the mail in the next few days. Normally this is printed in the newsletter immediately preceding the first meeting of the year, but the change in schedule for the first meeting of the year from February to January made it necessary to print a special flyer to make sure you receive a copy of the budget prior to the first meeting of 2014. Note that some expenses are now grouped under two new subcategories, “Marketing” and “Landscaping”, so we can keep better track of where your membership dollars are going. Items marked “N/A” were not broken out as separate line items in previous budgets, or will not be included in the 2014 budget. If you have questions, or wish to vote on the budget, please attend the meeting on January 9th, 2014 at the Fountain of Life Church at 7:30 p.m. I, President Doug Elwell, can be contacted prior to that time with questions at 627-4845, email: doug@dougelwell.com.

BHA 2014 Budget

REVENUE

2013
Estimated

2013
Actual

2014
Estimated

Dues

$6,000.00

$6,550.00

$6,500.00

Advertising

Newsletter

$2,000.00

$2,645.00

$2,500.00

Website

N/A

N/A

$200.00

Subtotal Advertising

$2,700.00

Interest

$15.00

$2.39

$0.00

Miscellaneous

$15.00

$0.00

$0.00

Total Estimated Income

$9,200.00

EXPENSES

Marketing

Newsletter

$2,300.00

$2,321.05

$3,000.00

Website

$75.00

$107.76

$200.00

Signage

N/A

N/A

$300.00

Misc. marketing materials

N/A

N/A

$300.00

Postage (all)

$1,500.00

$1,939.00

$2,500.00

Welcome Wagon

$100.00

$41.90

$200.00

Subtotal Marketing

$3,975.00

$4,409.71

$6,500.00

Landscaping

Plants and related materials

$400.00

Mowing and related

$600.00

Com Ed

$225.00

$200.64

$220.00

Decorations

$100.00

Subtotal Landscaping

$1,850.00

$927.01

$1,320.00

Insurance

$600.00

$597.00

$700.00

Incorporation Fees

$0.00

$30.00

$30.00

Dues Collection Cost

$120.00

$47.31

$100.00

Auditor Cost

N/A

N/A

$100.00

Dinner Raffle

$0.00

$50.00

N/A

Miscellaneous

$400.00

$52.73

$450.00

Total Estimated Expenses

$9,200.00