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QUEENS COVE HOMEOWNERS ASSOCIATION INC. ANNUAL BUDGET
Calendar year 2027
OPERATING BUDGET UNITS: 289 ANNUAL BUDGET
INCOME
Assessment Dues: $41,905.00
Miscellaneous Income: $4,110.00
Year-Ending Income (2026) $7,295.00
TOTAL INCOME $53,310.00
EXPENSES
Administrative Expenses:
Legal Fees $5,000.00
Accounting Fees $3,025.00
Office Supplies $2,500.00
Postal Expense $650.00
Website Expense $620.00
BOD Certification $410.00
Meeting Expense $200.00
Total Administrative Expenses $12,405.00
Fixed Costs:
Insurance $7,878.00
Licenses/Permits $200.00
Total Fixed Costs $8,078.00
Operating Costs:
Landscaping $24,000.00
Tree Maintenance $2,000.00
Irrigation System Repair/Maint. $500.00
Retention Ponds
Maintenance/Inspections $3,400.00
Signage Expense $500.00
Wall Maintenance $1,000.00
Miscellaneous Maintenance $500.00
Total Operating Costs $31,900.00
Utilities:
Electric $3,915.00
Water $1,700.00
Total Utilities $5,615.00
TOTAL OPERATING EXPENSES $57,998.00
** ESTIMATED YEAR-END DEFICIT $4,688.00
** 15% Increase X 10 months $5,780.00
** ESTIMATED ADJUSTED INCOME vs EXPENSES $1,092.00
BOARD DESIGNATED CONTINGENCY FUNDS:
CONTINGENCY Holdings in Savings Account $8,364.90 *CONTINGENCY Holdings in CD Account $17,827.00
TOTAL $26, 191.90
* CONTINGENCY FUNDS IN A CERTIFICATE OF DEPOSIT ACCOUNT WITH FLUCTUATING INTEREST RATES. THESE FUNDS WILL BE RE-DEPOSITED UPON MATURITY, AT THE BEST POSSIBLE INTEREST RATE.
PREPARED BY:
KAGE GRAHAM, PRESIDENT
Approved By: Queens Cove Homeowners Association
Board of Directors
DATE: 11/05/2026
