Urban Street Common Area Maintenance Association
OPERATING FUND
January 1, 2023 - December 31, 2023 2021 2023 Actual Budget Actual Estimated Projected Proposed Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Sep 30 Oct 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Operating Fund Balance: - $ 7,773 $ 7,773 $ 7,773 $ 7,773 $ 12,752 $ VMS # Revenues: 41000 Operating Assessments 31,042 $ 48,600 $ 36,480 $ 12,160 $ 48,640 $ 100,513 $ 45035 Finance Charges(Late Charges) - 29 29 47045 Miscellaneous Income49025 Interest Income 2 9 9 Total Revenues 31,044 $ 48,600 $ 36,518 $ 12,160 $ 48,678 $ 100,513 $ Expenditures: 51025 Compliance / Misc. 33 $ 300 $ 78 $ 50 $ 128 $ 150 $ 51035 Insurance 705 1,000 489 175 664 723 51043 Legal - - 300 51045 Management Fee 3,250 3,150 2,363 788 3,150 23,940 51053 Board Expenses/Annual Mtg 300 -51060 Miscellaneous 400 -51093 Tax Return / Audit 300 295 - 295 350 51098 Owner Web Site 300 300 225 75 300 300 55003 Building Maintenance 1,00056010 Grounds Maintenance 2,148 3,500 2,383 1,000 3,383 5,000 56020 Landscape Maintenance 4,148 7,500 11,850 1,000 12,850 20,000 58005 Snow Removal - Plowing 9,679 10,000 10,690 4,500 15,190 30,000 58010 Snow Removal - Sidewalks - 7,50058020 Snow Removal - Hauling - 3,00053010 Electricity - Common Area - 20053050 Trash Removal 1,970 8,150 3,940 2,310 6,250 15,750 53070 Water-Irrigation 1,038 2,000 1,489 - 1,489 4,000 Total Expenditures 23,270 $ 48,600 $ 33,802 $ 9,897 $ 43,699 $ 100,513 $ Surplus/(Deficit) 7,773 $ - $ 4,979 $ - $ Transfer to/from Reserve Ending Operating Fund Balance 7,773 $ 7,773 $ 12,752 $ 2022
Urban Street Common Area Maintenance Association
RESERVE PLAN OVERVIEW
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Actual Projected Proposed Proposed Proposed Proposed Proposed Proposed Proposed Proposed Proposed Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Begining Reserve Fund Balance - $ 1,042 $ 2,082 $ 3,082 $ 6,582 $ 8,582 $ 16,832 $ 26,832 $ 46,832 $ 64,832 $ 67,082 $ Transfer to/from Operating Reserve Fund Balance - $ 1,042 $ 2,082 $ 3,082 $ 6,582 $ 8,582 $ 16,832 $ 26,832 $ 46,832 $ 64,832 $ 67,082 $ Revenues: Reserve Assessments 1,042 1,040 1,000 5,000 5,000 10,000 10,000 20,000 20,000 20,000 20,000 Reserve Interest Total Revenues 1,042 $ 1,040 $ 1,000 $ 5,000 $ 5,000 $ 10,000 $ 10,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ Useful Last Time Life Completed Expenditures: Reserve Study 5 5,000 Legal - Governing Document Review Boardwalk - Replacement 10 12,000 Boardwalk - Reapiars/Staining 3 500 650 800 Concrete Repairs/Replacement - Sidewalks 20 Driveway/Roads Asphalt Replacement 30 Driveway/Roads Sealing 3 1,000 1,100 1,200 Courtyard Improvements 5 Wetland Improvements 5 2,500 Property Signage 15 Cluster Box Replacement 15 Pet Station Replacement 5 500 750 Common Area Exterior Lights Replacement 15 Bike Rack Replacement 10 Picnic Area Improvements 10 Total Expenditures - $ - $ - $ 1,500 $ 3,000 $ 1,750 $ - $ - $ 2,000 $ 17,750 $ - $ Reserve Fund Balance 1,042 $ 2,082 $ 3,082 $ 6,582 $ 8,582 $ 16,832 $ 26,832 $ 46,832 $ 64,832 $ 67,082 $ 87,082 $
Urban Street Common Area Maintenance Association
Approved Member Assessment Calculations
$100,513 Operating Assessments
$1,000 Reserve Assessments
$101,513
2023
Unit # Address Percentage Quarterly Operating Annual Operating Quarterly Reserve Annual Reserve Total Quarterly Dues Total Annual Dues 2022 Lot A Unit 1 1264 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ 2484 Lot A Unit 2 1262 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot A Unit 3 1260 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot B Unit 1 1254 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot B Unit 2 1252 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot B Unit 3 1250 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot C Unit 1 1240 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot C Unit 2 1242 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot C Unit 3 1244 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot D Unit 1 1230 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot D Unit 2 1232 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot D Unit 3 1234 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot G Unit 1 1231 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot G Unit 2 1233 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot G Unit 3 1235 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot H Unit 1 1241 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot H Unit 2 1243 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot H Unit 3 1245 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot I Unit 1 2850 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot I Unit 2 2854 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot I Unit 3 2858 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot I Unit 4 2862 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot J Unit 1 2866 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot J Unit 2 2870 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot J Unit 3 2874 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot J Unit 4 2878 Owl Hoot Trl 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot K Unit 1 2882 Owl Hoot Trail 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot K Unit 2 2886 Owl Hoot Trail 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot K Unit 3 2890 Owl Hoot Trail 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot K Unit 4 2894 Owl Hoot Trail 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot L1 Unit 1 2800 Rowhouse Dr 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $
Urban Street Common Area Maintenance Association
Approved Member Assessment Calculations 2023 Lot L1 Unit 2 2810 Rowhouse Dr 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot L2 Unit 1 1211 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot L2 Unit 2 1213 Urbank Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot M1 Unit 1 1263 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot M1 Unit 2 1261 Urban Way 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot M2 Unit 1 2900 Rowhouse Drive 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ Lot M2 Unit 2 2910 Rowhouse Drive 0.026315789 661 $ 2,644 $ 7 $ 28 $ 668 $ 2,672 $ 1 25,118 $ 100,472 $ 266 $ 1,064 $ 25,384 $ 101,536 $ 38 completed at time of budget prepared per declaration 0%
Urban Street Lot G Triplex Association OPERATING and RESERVE FUND
January 1, 2023 - December 31, 2023 2023 2023 Proposed Proposed Operating Fund Balance - $ Beginning Reserve Fund Balance - $ Revenues: Transfer to/from Operating Operating Assessments 6,664 $ Reserve Fund Balance - $ Finance Charges(Late Charges) Miscellaneous Income Revenues: Interest Income Reserve Assessment 1,500 $ Total Revenues 6,664 $ Operating Deficit Payback Reserve Interest Expenditures: Total Revenues 1,500 $ Compliance / Misc. 100 Insurance 3,064 Legal - Expenditures: Management Fee 1,650 Reserve Study - $ Tax Return / Audit 300 Legal - Governing Documents Owner Web Site 300 Property Signage Building Maintenance 500 Heat Tape Replacement Landscape Maintenance 500 Roof Replacement Roof Snow Removal Painting and Staining Electricity - Heat Tape 250 Total Expenditures 6,664 $ Total Expenditures - $ Surplus/(Deficit) - $ Transfer to/from Reserve Ending Reserve Fund Balance 1,500 $ Ending Operating Fund Balance - $
Urban Street Lot G Triplex Association
2023 2024 2025 2026 2027 2028 2029 2030 2031 Proposed Proposed Proposed Proposed Proposed Proposed Proposed Proposed Proposed Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Jan 1 - Dec 31 Begining Reserve Fund Balance - $ 1,500 $ 3,075 $ 4,729 $ (2,335) $ (512) $ 1,403 $ 3,413 $ 1,524 $ Transfer to/from Operating Reserve Fund Balance - $ 1,500 $ 3,075 $ 4,729 $ (2,335) $ (512) $ 1,403 $ 3,413 $ 1,524 $ Revenues: Reserve Assessments 1,500 1,575 1,654 1,736 1,823 1,914 2,010 2,111 2,216 Reserve Interest Total Revenues 1,500 $ 1,575 $ 1,654 $ 1,736 $ 1,823 $ 1,914 $ 2,010 $ 2,111 $ 2,216 $ Useful Last Time Life Completed Expenditures: Reserve Study Legal - Governing Documents 2021 Property Signage 10 Heat Tape Replacement 10 4,000 Roof Replacement 30 2021 Painting and Staining 7 2021 8,800 Total Expenditures - $ - $ - $ 8,800 $ - $ - $ - $ 4,000 $ - $ Reserve Fund Balance 1,500 $ 3,075 $ 4,729 $ (2,335) $ (512) $ 1,403 $ 3,413 $ 1,524 $ 3,740 $
RESERVE PLAN OVERVIEW
Urban Street Lot G Triplex Association Approved Member Assessment Calculations
$6,664 Operating Assessments
$1,500 Reserve Assessments
$8,164
2023
Unit # Address Quarterly Operating Annual Operating Quarterly Reserve Annual Reserve Total Quarterly Dues Total Annual Dues 1 1231 Urban Way 555 $ 2,220 $ 125 $ 500 $ 680 $ 2,720 $ 2 1233 Urban Way 555 $ 2,220 $ 125 $ 500 $ 680 $ 2,720 $ 3 1235 Urban Way 555 $ 2,220 $ 125 $ 500 $ 680 $ 2,720 $ 1,665 $ 6,660 $ 375 $ 1,500 $ 2,040 $ 8,160 $ 3
