The following is an overview of the Financial Budget for the Year Ending June 30, 2013:
Current monthly assessment is $144 per household
Annual Homeowner Total Annual Assessment Dollars is $5.4 million
Our Annual Operating Budget is $10.1 million
Annual Revenue Equals 44.6% Homeowner Assessments (Net of Reserve Contributions) and 55.4% 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 Acct is Approx $310,000-$225,000
Total Assets of the Community equal $41.8 million
The Operating Fund Balance Equals $.7 million
The Year-end Total Reserve Fund Balance is $8 million
Total Percentage that Reserves are Funded Equals approximately 100%
