1. SAVANNAH AT TURTLE ROCK
BUDGET OVERVIEW
2019

2. OPERATING BUDGET EXPENSES Contracted Lawn Service Landscaping
Monthly fee paid to Bloomings for maintaining lawns. This includes mowing, edging, trimming, fertilizing, irrigation inspection, weed control
New contract for 2019 with 7% increase. Monthly fee $
$ per month per household
Landscaping
Removal and replacement of sod, bushes
2018 expense $9102 which included Hydretain application and $5000 for sod replacement project
2019 budget $ which includes the Hydretain application and another $5000 for sod project
$10.16 per month per household

3. OPERATING BUDGET Mulch
Yearly application of mulch to all properties and common areas and miscellaneous applications throughout the year
2018 expense $14,850
2019 budget $16,000
$16.26 per month per household

4. OPERATING BUDGET Irrigation Repairs Cost to repair irrigation system
2018 expense $6088 which included proactive irrigation evaluation on 35 homes
2019 budgeted $8500 which includes the continuation of irrigation evaluation
$8.64 per month per household

5. OPERATING BUDGET Common Property Repairs
Cost to repair/replace items on common property such as mailboxes, lights at entrance area
2018 expense $982 which included mailbox maintenance project
2019 budget $1000 to cover another mailbox project
$1.02 per month per household

6. OPERATING BUDGET Tree Trim and Removal
Cost for trimming palms and oaks
Every 3-5 years, oaks will be structurally pruned
Next restructuring in 2018 and 2019
2018 expense $11965 which included the trimming of the palm trees, restructuring of 50% of the oaks
2019 budgeted $14,000 which includes the restructuring of 50% of the oaks and palm trimming
$14.23 per month per household

7. OPERATING BUDGET Street Light Maintenance
Cost for inspecting and fixing street lights
Street light maintenance contract for semi-annual inspection will commence in Cost $2300 per year
2018 expense $2617
2019 budget $3000
$3.05 per month per household

8. OPERATING BUDGET GAS Cost for lighting of the street lamps
Yearly contract with Infinite energy to lock in rate. Renews in August
2018 expense $1864
2019 budget $2000
$2.03 per month per household

9. OPERATING BUDGET Electric
Cost for the lights at the entrance of Savannah
2018 expense $342
2019 budget $450
$0.46 per month per household

10. OPERATING BUDGET Backflow Testing Management Fees
Cost for testing 82 backflows
Required every two years
Next test required in 2019 and will be paid out of the reserve
Management Fees
Cost for the management of the community by Stacia
2018 expense $6600
2019 budget $7200
$7.32 per month per household

11. OPERATING BUDGET Postage and Other
Cost for communications from the management company to homeowners
2018 expense $1387
2019 budget $1400
$1.43 per month per household

12. OPERATING BUDGET Professional Fees
Cost for association attorney, accountant to prepare income tax return and any other professional fees
2018 expense $892
2019 budget $1500
$1.52 per month per household

13. OPERATING BUDGET Insurance Fees, Dues & Licenses
Includes Commercial Package Policy, Umbrella Liability Policy and Crime
2018 expense $2654
2019 budget $4300 to include workers compensation and increased umbrella coverage
$4.37 per month per household
Fees, Dues & Licenses
Florida Department of State annual report filing
Fee is $61.25 per year, $0.06 per month per household

14. OPERATING BUDGET Contingency
Handle unforeseen expenses or expenses that do not fall into any other category such as social events, holiday bonus
2018 expense $643
2019 budget $1200
$1.22 per month per household

15. RESERVE BUDGET Paint – Light Poles & Mailboxes Asphalt Overlay
Reserve monies for painting light poles and mailboxes
Poles and mailboxes last painted 2013
Asphalt Overlay
Reserve monies for road repaving
Roads repaved in 2014

16. RESERVE BUDGET Sidewalk Concrete Maintenance Sidewalk Cleaning
Reserve monies for repairing/replacement of sidewalks
Reserve used as needed
Repaired needed sidewalks in 2018
Sidewalk Cleaning
Reserve monies for cleaning sidewalks
Sidewalks and gutters cleaned December 2017
Reserve changed to have sidewalks cleaned every two years

17. RESERVE BUDGET
Pavers
Reserve monies for repairing/replacement of pavers at entrance of Savannah
Reserve used as needed

18. RESERVE BUDGET Landscaping Street Light Pole & Fixture
Reserve monies for landscaping of common areas and in the event of major storm
Reserve used in 2018 for removal of dead pine trees in common areas and replace Foxtails at entrance hit by lighting
Street Light Pole & Fixture
Reserve monies for repairing/replacement of light poles and fixtures
Reserve used to install two new light poles in 2017
Reserve used as needed

19. RESERVE BUDGET Backflow Testing Unallocated Interest
Reserve monies for backflow testing every two years
Next test in 2019
Unallocated Interest
Interest on reserve monies on deposit

20. BUDGET PROCESS
September – solicit input from board and management on expenses for the coming year
October – present draft budget to board and homeowners for questions and input
November – present final budget to board for approval