
Nearly all of the Association's revenues come from monthly fees paid by homeowners. For 2009, total revenues were expected to be about $3 million. FVCSA planned to spend about 75% of its revenues on operating expenses. The remainder would go to reserves. Initially, our posts will focus on the operating budget. We'll talk about reserves after we've reviewed major expenses.
We'll start with the simple pie chart above. You can click on it to see a larger version. FVCSA's 2009 Operating Expense Budget called for total operating expenses of $2,240,289. Expenses fall into the five categories shown. The two largest categories are Grounds & Landscaping ($1,058,124) and Administrative ($733,401). We'll explain them in our later posts.
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