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INDIAN PINES VILLAGE CONDOMINIUM ASSOCIATION
ESTIMATED OPERATING BUDGET FOR FIRST TWELVE MONTHS
INCOME: MONTH YEAR
110 units @ .734698 (64.33/mo.) 7,076.30 84,915.60
39 units @ .479S98 (41.99/mo.) 1,637.61 19,651.32
I unit @ .48009$ (42.04/mo.) 42,04 504.48
6,755.95 105,071.40
EXPENSES:
*Administration of Association _ 0 0
Management Fees 2,250.00 27,000.00
Maintenance 2,500.00 30,000.00
Rent for recreational and other
commonly used facilities 0 0
**Taxes upon association property 500.00 6,000.00 -
Taxes upon leased areas 0 0
Insurance 500.00 6,000.00
Security provisions 0 0
f
Garbage collection 600.00 7,200.00
Other expenses 1,399.70 16,796.40
Operating capital 500.00 6,000.00
Reserves 500.00 6,000.00
Fees payable to the division 6.25 75.00
TOTAL EXPENSES. 8,755.95 105,071.40
NET 0 0
There is no expense item for the administration of ~ the association
for the first twelve months of- operation. The developer will absorb
and pay all such costs connected with the administration of the assn-
ciation.
The development is included within a drainage district known as
FORT PIERCE FARMS DRAINAGE DISTRICT. Drainage taxes are paid yearly
upon all lands within this district. Included within the above esti-
mate of taxes upon association property are these drainage taxes
payable upon all of the condominium lands. These drainage taxes will- F
be paid as a common expense.
ESTIMATED OPERATING BUDGET FOR FIRST Ti?7ELVE MONTHS
EXHIBIT "g"
BOOK ~ 1 PAGE ~5~6 -