Finances

Carefree Water Consolidation Finances:

A recent post used forecast revenues and sources and uses of funds. The reference documents are included below.

BHOA Finances:

We have observed a recent improvement in BHOA financial transparency. The current budget is included below.

Financial arrangements with legal providers are also more transparent than in the past. Current contracts are now included, as is a preliminary summary of legal expenses to date.

BOULDERS HOMEOWNERS ASSOCIATION

2022 BUDGET

OPERATING BUDGET

BUDGET
ANNUAL
INCOME
3102 – Assessments	705,008
3102A – Lot Only Assessment	19,020
3102B – Villas Assessment	68,880
3104I – Cell Tower Income	20,000
3108 – Architectural Review Fee Income	7,500
3116 – Road Use Fee	3,000
3123 – Allowance For Bad Debts	-2,000
3133 – Gate Controller /Remote	850
3176 – Collections/Delinquencies	1,500
TOTAL INCOME	823,758
EXPENSES
4100 – Website Maintenance	1,500
4102 – Design Review	12,000
4131 – Association Master Policy	10,500
4134 – Legal-Collections	1,200
4135 – Legal Fees	60,000
4139 – Office Supplies	2,800
4141 – Accounting Fees	4,500
4142 – Management Fees	23,904
4144 – Meeting Expense	1,500
4151 – Onsite Management	66,000
4157 – Postage	1,100
4161 – Income Taxes	3,000
4161B – Property Tax	100
4173 – Electricity-Streetlights	10,200
4176 – Telephone	4,000
4177 – Trash Collection	70,000
4201 – Bank Fees/Charges	100
4201A – Returned Payment Fee	100
4203 – Collections/Delinquencies	2,500
4204 – Statements	2,000
4240 – Security	92,584
5003 – Maintenance	3,500
5017 – Cleaning/Janitorial	960
5025A – Main Gate Monitoring Service	76,652
5027 – Common Area Repairs	7,000
6012 – Landscape Contract	90,000
6013 – Strategic Projects	25,000
6019 – Gate Maintenance	960
6019A – East Gate Repairs	1,500
6019B – West Gate Repairs	4,000
6070 – Sprinkler/Irrigation	500
6081 – Street/Parking Lot Sweeping	4,600