The 2011 Residential Property Assessment is $740.00
The 2011 Bridge & Road Fund Assessment is $100.00
All assessments are due January 1, 2011
2011 FIPOA Budget
CLICK HERE for a printable version of the 2011 FIPOA BUDGET
Fripp Island Property Owners Association 2010 Budget (Non-Bridge) |
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 |
2010 |
2010 |
2011 |
Revenues |
Budget |
Estimated Actual |
Budget |
Assessment Income |
$1,586,800 |
$1,586,800 |
$1,586,800 |
Fripp Island Resort Revenue |
$64,500 |
$65,700 |
$65,500 |
Commercial User Fees |
$193,000 |
$150,000 |
$150,000 |
Interest Income General & Reserve Fund |
$21,000 |
$28,000 |
$30,000 |
Miscellaneous |
$36,000 |
$37,800 |
$37,700 |
Total Revenues |
$1,901,300 |
$1,868,300 |
$1,870,000 |
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Operating & Reserve Expenses |
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|
|
Administration |
$290,900 |
$288,300 |
$305,700 |
Annual Audit |
$16,000 |
$15,500 |
$15,500 |
ARB |
$30,400 |
$20,800 |
$26,400 |
Beach |
$2,100 |
$2,000 |
$2,000 |
Communications |
$4,900 |
$5,800 |
$5,500 |
Crossovers & Footbridges |
$50,700 |
$29,500 |
$36,000 |
Grounds Maintenance |
$221,400 |
$196,200 |
$195,100 |
Insurance |
$72,000 |
$65,200 |
$70,000 |
Lakes & Lagoons |
$21,800 |
$21,300 |
$21,700 |
Legal & Collection Fees |
$10,000 |
$38,000 |
$10,000 |
Payroll Services |
$0 |
$0 |
$0 |
Parking Committee |
$1,500 |
$1,000 |
$1,500 |
Project Expense |
$35,000 |
$30,000 |
$35,000 |
Road |
$96,452 |
$80,000 |
$262,600 |
Security Gate |
$261,900 |
$242,800 |
$256,500 |
Security |
$347,300 |
$325,100 |
$324,600 |
Sundry Expenses |
$12,400 |
$14,000 |
$15,900 |
Taxes, Auto Taxes, & Licenses |
$9,500 |
$9,500 |
$9,500 |
Trawler |
$3,700 |
$3,500 |
$3,800 |
Total Expenses |
$1,487,952 |
$1,388,500 |
$1,597,300 |
Net Revenue vs. Expense |
$413,348 |
$479,800 |
$272,700 |
TOTAL FUNDING |
$1,901,300 |
$1,868,300 |
$1,870,000 |
Fripp Island Property Owners Association 2011 Road & Bridge Budget |
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2010 |
2010 |
2011 |
|
ROAD & BRIDGE REVENUES |
Budget |
Estimated Actual |
Budget |
Bridge Fund Collections |
$213,300 |
$213,400 |
$213,300 |
Interest -Road & Bridge Fund |
$6,500 |
$9,100 |
$8,500 |
|
Total Road & Bridge Revenues: |
$219,300 |
$222,500 |
$221,800 |
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ROAD & BRIDGE EXPENSES |
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|
|
Bridge Expenditures: |
$96,000 |
$646,600 |
$101,000 |
Surplus |
$123,300 |
($424,100) |
$120,800 |
CLICK HERE for a printable version of the 2011 BUDGET
RESERVE STUDY INFO* |
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AUDIT REPORTS |
Current Funding |
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Proposed Cash Flow Funding |
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2008 Audit Reports |
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(*Miller Dodson 2009 Reserve Replacement Study) |
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2007 Audit Reports |