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WARNER RANCH 4 ASSOCIATION
2010 BUDGET NARRATIVE
LANDSCAPE MAINTENANCE
Landscape Contract: Weekly maintenance of all common areas including trimming, mowing, irrigation system check, trash pick up, etc.
Other Maintenance: Storm clean up and erosion repair. Plant/Tree: Plant and tree replacement as needed.
Rye Seed: Planting of winter rye seed in common area.
Self Help: Yard clean-up as requested by Board. This is charged back to the homeowner.
Sprinkler Repairs: Repairs and supplies for the irrigation system.
SRP Licensing Fee: License renewal fee.
Supplies: Miscellaneous stakes, guards and minor granite touch-ups.
Trees: Palm tree trimming.
GENERAL MAINTENANCE
Exterminating: Common area treatment of gophers, aphids and bees as necessary.
General: Signs, paint for touch ups, and annual meeting room rental.
Maintenance & Repairs: Minor repairs and maintenance in common areas.
Vandalism: Repair of common area due to vandalism.
UTILITIES
Electric: Power to irrigation time clocks and common area lighting.
Water: Irrigation for common areas.
ADMINISTRATIVE
Accounting & Audit: As a corporation, the association has its financial records independently audited each year. Also includes federal and state tax return preparation.
Accounts Receivable Fees: Liens, Small Claims and other fees incurred collecting delinquent assessments. This is charged back to the delinquent homeowner.
Brokerage Fee: Merrill Lynch savings account.
Insurance: Property and liability coverage on common areas, Directors and Officers coverage and a Fidelity Bond.
Management: Professional management of association business including administration of Board policies, record keeping, financial services, bid solicitation and regular on-site inspections.
Office & Printing: Preparation of correspondence including homeowner letters, budget packages, semi-annual newsletters and meeting notices.
Parking Patrol: Patrols by professional company.
Postage: Mailing of correspondence including welcome letters, budget packages, newsletters, meeting notices, etc.
Professional/Legal: Legal, engineering and other-professional services.
Taxes: Annual Corporation Commission fee, property tax on common area tracts and tax on interest income.
RESERVES
Contingency: Cushion for financial shortfalls that may arise from unexpected expenses or late payment of assessments.
Drywells: Clean-out every five years.
Granite: Top dressing of granite.
Irrigation Clocks: Replacement of irrigation clocks.
Major Irrigation Repairs: Major repairs of replacement of irrigation system.
Painting: Repainting of common area walls and entry monuments.
Professional Services: Legal expenses relating to non-payment of assessments, consultation and CC&R violations that are not covered in the operating budget.
Renovations: Renovations to landscape and sprinkler system
Structural: Repair or replacement of lighting, common area walls, sidewalks, and entry monuments.
Trees: Major tree trimming and removal.
Vacuum Breakers: Replacement of vacuum breakers
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