Homeowner's Assocation Budget    PROPOSED ANNUAL BUDGET INCOME ANNUAL      A. HOME ASSESSMENTS $29,400 TOTAL INCOME $29,400 EXPENSES ANNUAL      A. GENERAL             Office Expenses $500           Accounting/Bookeeping $2,500           Legal $500           Insurance - common lands $2,000           Capital Reserve $5,900      B. REPAIRS & MAINTENANCE             General $2,500           Landscaping $10,000           Sprinkler System $1,000           Snow Removal - Community Wells &           Trail Head Parking Areas $1,000      C. UTILITIES             Water System - Annual Maintenance & Testing $3,500           Electric - Street Lights $3,000 TOTAL EXPENSES $29,400 TOTAL HOMES 42 ANNUAL ASSESSMENT $700 NOTE The cost of domestic water is included in the HOA fee. The HOA fee shall be billed in two parts: $350 each on January 1 and July 1.