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RIVER PINES OPERATING BUDGET – 2023

OPERATING ACCOUNT2022 Budget2022 Actual2023 Budget
INCOME
Assessments, Fees, Fines, Miscellaneous$1,408,507$1,410,837$1,519,314
Capital Transfer from Reserves Account$618,539$602,910$821,613
Total Income$2,027,046$2,013,747$2,340,927
EXPENSES
Administrative$119,418$118,197$123,655
Building Maintenance and Repair$94,831$129,399$134,831
Capital Expenses – paid from Reserve Account$618,539$602,910$821,613
Grounds Expense$340,608$345,415$357,576
Insurance$82,000$83,077$88,102
Payroll and Payroll Taxes$100,500$105,043$103,500
Utilities$24,450$30,554$24,950
Reserve Account Replacement from Operating$646,700$592,808$686,700
Total Expenses$2,027,046$2,007,403$2,340,927

RESERVE ACCOUNT2022 Budget2022 Actual2023 Budget
Beginning Balance$634,140$634,140$631,605
Capital Expenses Transferred to Operating Account-$618,539-$602,910-$821,613
Replacement Transfer Funds from Operating$646,700$592,808$686,700
Reserve Interest Earned$7,567
Ending Balance$662,301$631,605$496,692

Reserve Information