The following is an overview of the Financial Budget for the Year Ending June 30, 2011:
Current monthly assessment is $137 per household
Annual Homeowner Total Annual Assessment Dollars is $5.1 million
Our Annual Operating Budget is $10.1 million
Annual Revenue Equals 46% Homeowner Assessments (Net of Reserve Contributions) and 54% Generated From Our Two Golf Courses, the Timber Restaurant, the Timber Creek Catering services and Other Administrative Revenue
The Balance of the Capital Improvement Savings Account is Approximately $100,000
Total Assets of the Community equal $41.3 million
The Operating Fund Balance Equals $1.7 million
The Year-end Total Reserve Fund Balance is $6.3 million
Total Percentage that Reserves are Funded Equals 100%
