MY HOMETOWN April 2013 Volume 2, Issue 4
THE OFFICIAL PUBLICATION OF THE HOMETOWN KYLE HOA
2013 Budget Cuts
Over the last several months, your HOA Board of Directors has been Old Stagecoach, as well as by transitioning the watering of grassy strips working diligently to finalize the 2013 budget, which requires some along Hometown Parkway to the homeowners. Anticipated savings is significant cuts. In doing this, the Board maintains a commitment to $21,200. However, if the results prove unacceptable, we will reopen upholding the appearance and standard of the neighborhood. the sprinklers. As you read the articles in this month’s newsletter, you will see issues • Transition the responsibility of mowing the grassy strips along surrounding our expenses and budget constraints. Our estimated income Hometown Parkway and Camelia Parkway to individual homeowners, for 2013 is $215,490. Our budgeted expenses total $257,436. In addition, saving $7,800. we need to save $38,000 this year for reserve funds. • Replacing seasonal plants at both neighborhood entrances along FMIn total, we have been able to lower expenses by $34,537, but we still 150 with annuals in order to minimize costly color change outs, enabling face a deficit of about $80,000 for 2013. us to save $3,004. The expense reductions include: • Reduction of mulch to a minimum, totaling a $5,900 savings. • Office supplies/copies used by the management company on our behalf • Playscape repairs were $2,100 under budget, reflecting another cost cut by $1,000. savings. • Expenses associated with our newsletter dropped almost entirely, saving • Divide the staining of HOA fence into phases. Instead of spending $3,185 by changing to a new newsletter service. $69,000 in one year, we reduced that expenditure to $23,000 per year • The annual budget of $5,000 for social events was cut entirely. Instead over a 3 year period. - as you may have noticed in the last newsletters - we are encouraging • Avoided cost associated with staining the homeowners’ side of the the HTK neighbors to create social opportunities through communityHOA fence. wide, informal get-togethers. Please use the website to communicate any ideas you may have • Reduce water usage by capping non-tree sprinklers along FM-150 and2013 Expenses After for us to make our dollars go farther. Reductions Legal 5%
Office Supplies/Copies 1% Non-recurring 16%
Management Fees 10%
2013 Expenses After Reduction
Website Hosting 1% Electric 2%
Taxes & Insurance 3% Misc 1% Pond 2%
Water & Sewer 14%
Fence Repairs 7%
Landscaping 2 9%
Irrigation 6% Custodian Svcs 3%
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Hometown Kyle - April 2013
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