The 2008 Residential Property Assessment is $701.00
the 2007 Bridge & Road Fund Assessment is $100.00.
All assessments were due January 1, 2008.
Fripp Island Property Owners Association 2007 Budget (Non-Bridge) |
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Budget |
Estimated Actual |
Budget |
|
Revenues |
2006 |
2006 |
2007 |
|
Assessment Income |
$1,398,200 |
$1,405,500 |
$1,451,900 |
|
Fripp Island Resort Revenue |
$70,000 |
$65,600 |
$67,200 |
|
Commercial User Fees |
$280,000 |
$322,500 |
$320,000 |
|
Interest Income General Fund |
$13,400 |
$24,000 |
$28,000 |
|
Miscellaneous |
$19,000 |
$38,525 |
$31,700 |
Total Revenues |
$1,780,600 |
$1,856,125 |
$1,898,800 |
Operating Expenses |
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|
Administration |
$239,000 |
$241,600 |
$254,800 |
|
Annual Audit |
$8,000 |
$8,500 |
$8,700 |
|
Communications |
$7,000 |
$1,000 |
$4,600 |
|
Crossovers & Footbridges |
$66,700 |
$65,400 |
$69,200 |
|
Grounds Maintenance |
$172,700 |
$176,000 |
$189,000 |
|
Insurance |
$93,600 |
83,700 |
$98,400 |
|
Lakes & Lagoons |
$21,200 |
$19,400 |
$21,200 |
|
Legal & Collection Fees |
$10,000 |
$5,000 |
$10,000 |
|
Payroll Services |
$8,700 |
$6,000 |
$6,200 |
|
Project Expense |
$35,000 |
$35,000 |
$35,000 |
|
Road |
$353,400 |
$337,000 |
$463,800 |
| Security |
$207,550 |
$255,300 |
$262,300 |
|
Security |
$315,050 |
$244,700 |
$284,700 |
|
Sundry Expenses |
$8,500 |
$12,500 |
$13,400 |
|
Taxes, Auto Taxes, & Licenses |
$8,200 |
$8,000 |
$8,800 |
|
Trawler |
$16,900 |
$17,400 |
$25,600 |
Total Expenses |
$1,571,500 |
$1,517,000 |
$1,755,700 |
|
To Capital Fund |
$209,100 |
$339,125 |
$143,100 |
Total Funding |
$1,780,600 |
$1,856,125 |
$1,898,800 |
|
Funded from Revenues |
$209,100 |
$339,125 |
$143,100 |
|
Interest -Capital Improv. Fund |
$13,500 |
$20,000 |
$58,000 |
Total Capital Revenues |
$222,600 |
$359,125 |
$201,100 |
Capital Purchases |
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|
Admin. Computer |
$2,500 |
$3,000 |
$0 |
|
Security Vehicle & Computer |
$0 |
$0 |
$18,500 |
Total Capital Expense |
$2,500 |
$3,000 |
$18,500 |
Capital Fund + (-) |
$220,100 |
$356,125 |
$182,600 |
Fripp Island Property Owners Association 2007 Budget (Road & Bridge) |
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Budget |
Estimated Actual |
Budget |
|
ROAD & BRIDGE REVENUES |
2006 |
2006 |
2007 |
|
Bridge Fund Collections |
$210,900 |
$211,800 |
$211,700 |
|
Interest -Road & Bridge Fund |
$17,500 |
$40,900 |
$22,000 |
Total Road & Bridge Revenues: |
$228,400 |
$252,700 |
$233,700 |
ROAD & BRIDGE EXPENSES |
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|
Bridge Expenditures: |
$161,000 |
$140,000 |
$497,900 |
Surplus |
$67,400 |
$112,700 |
($264,200) |
