Proposed Budget
				Oct '03 - Sep 04		Oct '04 - Sep '05
	Income
		Assessment Income
			4000 · Income - Operational	$         73,850.00		$              75,100.00
			4010 · Income - Reserve Contributions	$         49,030.00		$              49,700.00
		Total Assessment Income		$       122,880.00		$            124,800.00
		Other Income
			4800 · Interest	$             150.00		$                  150.00
			4900 · Late Fee Charges	$             120.00		$                  120.00
		Total Other Income		$             270.00		$                  270.00
	Total Income			$       123,150.00		$            125,070.00
	Expense
		Administrative Expenses
			5010 · Accounting / Admin. Fees	$           5,710.00		$                6,050.00
			5030 · Legal Fees	$           5,000.00		$                5,000.00
			5040 · Walk Through Fees	$           3,000.00		$                3,300.00
			5051 · Postage/Copies/Phone	$           1,800.00		$                2,000.00
			5061 · Tax/Meetings/POBox/Other	$           2,000.00		$                2,000.00
		Total Administrative Expenses		$         17,510.00		$              18,350.00
		General Common Area-Expenses
			5070 · Electric Service	$             890.00		$                  900.00
			5080 · Garbage Removal	$         11,000.00		$              11,000.00
			5100 · Grounds - Fuel Reduction	$           1,500.00		$                3,500.00
			5110 · Grounds Maintenance	$           8,500.00		$                8,700.00
			5115 · Grounds - Irrigation Repairs	$             750.00		$                  750.00
			5117 · Grounds - Spring Cleanup	$           2,500.00		$                2,600.00
			5120 · Insurance	$           7,500.00		$                8,100.00
			5140 · Snow Removal	$           3,000.00		$                4,500.00
			5160 · Water - Irrigation	$           3,700.00		$                3,200.00
			5180 · Pest Control	$           1,000.00		$                1,000.00
		Total General Common Area-Expenses		$         40,340.00		$              44,250.00
		General Common Area-Maintenance
			5060 · Chimneys	$           2,000.00		$                2,000.00
			5064 · Fences	$           1,000.00		$                1,500.00
			5066 · General	$           3,000.00		$                4,000.00
			6002 · Contingency	$         10,000.00		$                5,000.00
		Total General Common Area-Maintenance		$         16,000.00		$              12,500.00
		Reserve - Capital Expenditures
			6014 · Asphalt Parking Seal	$           8,500.00		$              42,500.00
			6015 · Chimney Caps	$           8,500.00		$                         -
			6016 · Painting - Trims	$         22,200.00		$                         -
			6017 · Asphalt Walkways	$         18,450.00		$                         -
			6018 · Deck Preserves Ph. III	$           3,017.00		$                4,300.00
			nnnn · Walkway signs and lights			$                3,600.00
			nnnn · Rooftop deck siding repair - 4+ units			$                4,000.00
		Total Reserve - Capital Expenditures		$         60,667.00		$              54,400.00
	Total Expense			$       134,517.00		$            129,500.00
Net Income				$        (11,367.00)		$               (4,430.00)