2018 HOA Budget

Dear Resident of Bridge Creek Reserve,

Each year we have established an operating budget for the Bridge Creek Reserve Homeowners Association. This budget is drafted by your elected members, reviewed and discussed at annual Association meeting where all residents are encouraged to attend and participate in these important decisions.

The 2018 Budget is attached for your information and review. The Budget process is fairly simple as we have a very small community of 75 homes to run with just over a $5,400.00 dollar budget and must consider everything from landscaping to utilities to administrative costs.

Your Board Members wanted to remain sensitive to the fact that times are tight and we need to hold the line on the annual assessments of our neighborhood. That is not to say that we will not be focused on the continued maintenance and upkeep that has set our community apart from many others. Our goal is to make BCR the best it can be!

Over the years we have done a good job in serving our neighbors. As a result, we have been able to negotiate favorable terms with vendors thus allowing us to continue the high level of service without having any major increases in our $75.00 a year dues.
If you would like more information on the budget or budgeting process, please contact any member of the Association. On behalf of the Board, I would like to take this opportunity to thank you for being a part of Bridge Creek Reserve Community!

Leslie A Vaughn
President of the Bridge Creek Reserve Homeowners Association

Bridge Creek Reserve HOA 2018 Budget

INCOME

2018 Anticipated Dues/Income (72 homes x $75)

$5,400.00

2017 Carryover Amount

$2,000.00

TOTAL AMOUNT FOR 2018

$7,400.00

EXPENSES

Administrative

P.O. Box Rental

-$125.00

Printing/Ink

-$100.00

Webpage Maintenance

-$75.00

Signage

-$125.00

Paypal Fees

-$45.00

Grounds

Decor to Front Entrance

-$75.00

Landscape Maintenance

-$2,580.00

Weed Control

-$300.00

Utilities

Electric

-$480.00

Water

-$300.00

Special Projects

Street Poles & Frames(Painting all 8) – one-time expense

-$1,000.00

TOTAL

-$5,205.00