4100 Five Oaks, Durham, NC
Managed by Community Focus NC
info@communityfocusnc.com
Budget are approved at the annual meeting every year. Below is the 2021 - 2022 annual budget for the fiscal year starting April 1st.
| Income | ||
| Monthly Dues | 123,192 | Monthly dues from 58 units |
| Haz. Insurance | 16,289 | Hazard insurance (collected annually) |
| Late Fees | 400 | |
| 130,277 | Total Income | |
| Expenses | ||
| Property Insurance | 16,289 | Hazard + blanket property |
| D&O Insurance | 1,400 | Insurance for directors/officers |
| Mgmt Fees | 14,400 | Fees for property management (community focus) |
| Postage | 150 | |
| Office Supplies | 125 | |
| 32,364 | Total | |
| Professional | ||
| Accounting Fees | 250 | |
| Attorney Fees | 1,000 | |
| 1250 | Total | |
| Grounds | ||
| Grounds maintenance | 13,200 | Provided by King's Landscaping |
| Grounds other | 13,657 | Incidental and uncontracted grounds work |
| Snow/storm cleanup | 500 | Salting and snow removal |
| 22,613 | Total | |
| Maintenance | ||
| Termite Inspection | 3,000 | |
| Gutter Cleaning | 2,850 | |
| Light Repair | 200 | |
| Tree Service | 2,000 | |
| 8,050 | Total | |
| Utilities | ||
| Electric | 1,500 | Electricity for common area lights |
| 1,500 | Total | |
| Repairs | ||
| Electrical repairs | 500 | |
| Paving/Asphalt | 0 | |
| Gutters | 2,000 | |
| Roof | 0 | |
| Siding & Trim | 2,500 | |
| Decks & Balconies | 9,000 | Pressure washing, staining / painting, minor repairs |
| Painting | 500 | |
| Transfer to Reserve fund | 55,000 | |
| 64,500 | Total | |
| 130,277 | Total Expenses |