HOT SPRINGS VILLAGE PROPERTY OWNERS ASSOCIATION 1 B U D G E T

Transcription

1 HOT SPRINGS VILLAGE PROPERTY OWNERS ASSOCIATION 1 B U D G E T

2 2015 Budget Summary Originally Approved on October 15, 2014; Amended Post-Audit on April 15, 2015 As of October 15, ACTUAL 2014 ACTUAL BUDG 2015 PROJ 2016 PROJ 2017 Gross Billed Assessments $ 14,840,892 $ 15,142,788 $ 15,377,638 $ 15,608,303 $ 15,842,427 Operational Revenue 16,069,931 16,681,088 17,004,515 17,342,994 17,809,668 Allowance for Bad Debts (2,765,103) (4,419,917) (3,393,080) (3,443,827) (3,495,334) Net Collectible Revenues $ 28,145,720 $ 27,403,959 $ 28,989,073 $ 29,507,470 $ 30,156,762 Salaries & Wages $ 10,134,229 $ 11,009,888 $ 11,121,734 $ 11,200,000 $ 11,200,000 Taxes & Benefits 3,380,926 3,346,863 3,319,267 3,542,158 3,611,061 Total Employee Comp $ 13,515,155 $ 14,356,750 $ 14,441,001 $ 14,742,158 $ 14,811,061 Materials & Supplies $ 2,264,732 $ 2,171,662 $ 2,519,639 $ 2,713,882 $ 2,773,166 Maintenance Land/Streets $ 1,919,719 $ 1,224,173 $ 1,141,900 $ 1,176,935 $ 1,176,935 Maintenance Buildings 183, , , , ,155 Maintenance Sand/Soil/Drainage 46,335 30,437 51,320 52,520 53,620 Maintenance Autos/Equipment 703, , , , ,896 Maintenance Recreation Facilities 8,519 6,797 8,650 8,820 9,000 Maintenance Lakes/Dams 65, , , , ,406 Maintenance Software 38,203 45,665 34,420 36,450 38,510 Maintenance Golf Carts 31,712 27,696 32,110 33,640 35,070 Maintenance Water & Sewer 436, , , , ,366 Total Maintenance $ 3,432,984 $ 2,606,528 $ 2,988,960 $ 3,079,458 $ 3,128,957

3 2015 Budget Summary Originally Approved on October 15, 2014; Amended Post-Audit on April 15, 2015 As of October 15, ACTUAL 2014 ACTUAL BUDG 2015 PROJ 2016 PROJ 2017 OPERATING EXPENSES Legal & Accounting $ 192,283 $ 359,379 $ 361,130 $ 335,115 $ 336,114 Professional Services 505, , , ,250 84,872 Special Programs & Events 138, , , , ,017 Electricity 1,395,279 1,400,917 1,450,420 1,510,739 1,550,544 Propane/Butane 62,536 79,146 67,690 74,016 75,399 Water/Sewer/Sanitation 226, , , , ,509 Telephone 148, , , , ,107 Postage/Freight 114, , , , ,381 Cable/Satelite 15,749 14,502 19,830 20,579 21,924 Ambulance Contract 683, , , , ,160 Liability Insurance 537, , , , ,786 Permits/Licenses 116, , , , ,979 Taxes 372, , , , ,563 Bond/Interest Expense 89,128 81,320 75,480 66,490 56,660 Bank Service Charges 187, , , , ,070 Travel Expense 49,515 51,482 50,350 55,282 60,165 Recruiting/Training 52,178 45,019 36,300 37,721 38,680 Rental - Land/Bldg/Equip 40,065 44,051 52,200 52,762 53,215 Spoilage Bands/Musicians 42,655 79,620 59,700 61,790 61,560 Advertising/Publications 247, , , , ,387 Membership Dues/Periodicals 58,078 62,231 58,920 59,416 58,866 Misc. 22,895 2,533 2,330 2,890 2,950 Allowance for R.E.D.C Loss (28,708) (25,261) (10,000) (11,000) (11,330) Board/Committee Expense 70,066 77,882 34,350 34,661 35,171 Total Operating Expense $ 5,340,267 $ 5,915,453 $ 5,867,282 $ 5,978,858 $ 5,628,148

4 2015 Budget Summary Originally Approved on October 15, 2014; Amended Post-Audit on April 15, 2015 As of October 15, ACTUAL 2014 ACTUAL BUDG 2015 PROJ 2016 PROJ 2017 Total Net Revenue $ 28,145,720 $ 27,403,959 $ 28,989,073 $ 29,507,470 $ 30,156,762 Total Operational Expense $ 24,553,138 $ 25,050,394 $ 25,816,882 $ 26,514,356 $ 26,341,332 Profit (Loss) Before Non Cash Items & Capital Purchases $ 3,592,582 $ 2,353,565 $ 3,172,191 $ 2,993,114 $ 3,815,429 CAPITAL PURCHASES (Note additional capital held below) Land Improvements $ 550,648 $ 849,451 $ 155,000 $ 136,500 $ 145,000 Buildings 687,005 98,244 2,477, , ,000 Computer Software 34, , ,500-17,000 Office Equipment/Furnishings 20,983 22, Food/Beverage Equipment - 4,849 23,000 19,000 15,000 Maintenance/Operating Equipment 581, , ,555 1,391,400 1,481,200 Recreation Equipment 118, , ,125 75,000 31,000 Safety Equipment - 156,000 31,000 Communication Equipment 13,590-82, ,000 15,000 Autos 36, ,183 93, , ,600 Construction Equipment - 75, , ,500 Infrastructure 4,403,918 2,165,809 52, , ,829 Water 25,845 19, , , ,500 Sewer 31,983 8, , , ,636 Electrical & Reimb (28,708) (25,261) (24,500) (24,500) (24,500) Elevated Tank Rehab 150, , ,000 Total Capital $ 6,476,567 $ 4,735,812 $ 4,729,960 $ 4,173,151 $ 4,107,765

5 2015 Budget Summary Originally Approved on October 15, 2014; Amended Post-Audit on April 15, 2015 As of October 15, ACTUAL 2014 ACTUAL BUDG 2015 PROJ 2016 PROJ 2017 Total Net Revenue $ 28,145,720 $ 27,403,959 $ 28,989,073 $ 29,507,470 $ 30,156,762 Total Operational & Capital Spending $ 31,029,705 $ 29,786,206 $ 30,546,842 $ 30,687,507 $ 30,449,098 POA Over (Under) Current Yr $ (2,883,985) $ (2,382,247) $ (1,557,769) $ (1,180,036) $ (292,336) Total Cash at Year End $ 9,262,285 $ 5,962,320 $ 4,404,551 $ 3,224,515 $ 2,932,178 Operational Reserve (2,000,000) (2,000,000) (2,000,000) (2,000,000) Restricted (withholding/workers comp) (600,000) (600,000) (600,000) (600,000) Bond Reserves (270,000) (280,000) (290,000) (300,000) DeSoto Complex (700,000) Lawn Bowling (35,000) Building Reserves (300,000) (300,000) (300,000) (300,000) Deferred Road & Culvert Maintenance (350,000) (350,000) (350,000) Equipment Reserve (313,000) (350,000) (350,000) (350,000) Emergency Reserve (600,000) (600,000) (600,000) Pickleball (174,000) (174,000) Balboa Projects (750,000) (500,000) (500,000) '15 Rolling Stock Not Purchased (400,000) Funding Excess/(Deficit) $ 1,744,320 $ (1,399,449) $ (1,939,485) $ (2,067,822)

6 ANNUAL TOTAL 4,672,960 4,173,151 4,107,765 2,982,376 3,299,833 30B RECREATION MAINTENANCE 912 TRAILS 20,000 20,000 20,000 20,000-31A OUTDOOR RECREATION 912 BEACH AND PAVILION IMPROVEMENTS 35, A OUTDOOR RECREATION 912 BRIDGE REBUILD AT CORTEZ PAVILION (2 BRIDGES) 9, B RECREATION MAINTENANCE 912 RV PARK RENOVATION ,000 31C CORONADO TENNIS CENTER 912 IRRIGATION SYSTEM ,600-31C CORONADO TENNIS CENTER 912 RESURFACE AND REPAINT HARD COURTS ,000 33A CORONADO COMMUNITY CENTER 912 IRRIGATION SYSTEM - 7, A WOODLANDS AUDITORIUM 912 IRRIGATION SYSTEM , A ADMINISTRATION 912 GROWTH PROJECTS 100, , , , ,000 06A Information Technology 916 Rewire POA Building - 30,000 20A DESOTO CLUB 916 RENOVATION Including Pool 2,200, B CORTEZ PARADISE GRILL 916 FLOORING - 15, C CASA CORONADO 916 CARPET 5, A ISABELLA COLUMBUS GRILL 916 CARPET - 8, A BALBOA CLUB 916 WOOD FLOORING LOWER LEVEL , C GRANADA TERRACE ON THE GREE 916 REFINISH STAINED CONCRETE FLOOR 25, A PONCE MULLIGANS RESTAURANT 916 SHADE STRUCTURE OVER PATIO - - 7,000-30B RECREATION MAINTENANCE 916 REPLACE LIGHTS IN RECREATION MAINTENANCE BUILDING 7, B RECREATION MAINTENANCE 916 DESOTO MARINA DECK REPLACEMENT - 7, A OUTDOOR RECREATION 916 PICKLEBALL COMPLEX - 265, A OUTDOOR RECREATION 916 LAWNBOWLING CARPET 70, A OUTDOOR RECREATION 916 BATHROOM Ggrove park 25, A OUTDOOR RECREATION 916 REBUILD BATHROOM FACILITY LAWNBOWLING / DOG PARK ,000-31A OUTDOOR RECREATION 916 BOCCE COURTS - RECONSTRUCTION - 15, C CORONADO TENNIS CENTER 916 CARPET - 15, C CORONADO TENNIS CENTER 916 CORONADO TENNIS BLEACHER CANOPY ,100-31C CORONADO TENNIS CENTER 916 BLEACHERS ,600-31C CORONADO TENNIS CENTER 916 BLEACHER COVER ,100-31C CORONADO TENNIS CENTER 916 BACKBOARDS ,000 31C CORONADO TENNIS CENTER 916 TENNIS COURT LIGHTS ,000 33A CORONADO COMMUNITY CENTER 916 CARPET REPLACEMENT 35, A CORONADO COMMUNITY CENTER 916 BUILDING REMODEL ,000-33A CORONADO COMMUNITY CENTER 916 STAGE CURTAINS ,000-34A CORONADO FITNESS CENTER 916 WINDOWS (POOL ROOM) 30,

7 34A CORONADO FITNESS CENTER 916 HVAC AEROBIC ROOM A CORONADO FITNESS CENTER 916 FITNESS CENTER FLOORING - 30, A CORONADO FITNESS CENTER 916 WHIRLPOOL - 9, A CORONADO FITNESS CENTER 916 HARDWOOD FLOOR IN AEROBIC ROOM , A WOODLANDS AUDITORIUM 916 HVAC Controllers ( Public Works or Recreations?) Separate Dressing Room HVAC (public works or A WOODLANDS AUDITORIUM 916 Recreation?) - 35A WOODLANDS AUDITORIUM 916 STAGE FLOOR ,000 10,000 35A WOODLANDS AUDITORIUM 916 OAB Carpet Replacement - 30, A WOODLANDS AUDITORIUM 916 Replace Rehearsal Room Floor - 10, A WOODLANDS AUDITORIUM 916 CURTAINS ,000 35A WOODLANDS AUDITORIUM 916 CARPET WOODLANDS ,000-35A WOODLANDS AUDITORIUM 916 ACCOUSTICAL WALL BOARDS MAIN HALL ,000-66A ALL DEPARTMENTS 916 HVAC ALL DEPARTMENTS 200, , , ,000 66A BUILDING & GROUNDS 916 ROOFING POA BUILDING 30,000 66A BUILDING & GROUNDS 916 PUBLIC WORKS DEPARTMENT FLOORING 10,000 34A CORONADO FITNESS CENTER 916 DEHUMIDIFIER - 75, A Information Technology 926 Total e Integrated Solution 216,000 MS OFFICE UPGRADE w/ software assurance (175 80, A Information Technology 926 licenses) 70,000 06A Information Technology 926 SOFTWARE-ANTIVIRUS/CLIENT (175 licenses) - - 7,000-06A Information Technology 926 Contingency for additional programming on integrated solution 10,000 06B 926 Online store 15,500 05A Administration BADGE PRINTER 12, A CORONADO COMMUNITY CENTER 931 CANNON COPIER IRC2880 #8709A023AA ,500-35A WOODLANDS AUDITORIUM 932 THEATER SEATING ,000 31A OUTDOOR RECREATION 932 Ponce Lobby Furniture 10,000 21C CASA CORONADO 933 KITCHEN EQUIPMENT 3,000 3,000 3,000 3,000 3,000 22A MAGELLAN DELI 933 KITCHEN EQUIPMENT 4,000 4,000 4,000 4,000 4,000 22A MAGELLAN DELI 933 DELI CASE A BALBOA CLUB 933 FOOD AND BEVERAGE EQUIPMENT 4,000 4,000 4,000 4,000 4,000 30B RECREATION MAINTENANCE 933 ICE MACHINE (RECREATION MAINTENANCE) - 4, A OUTDOOR RECREATION 933 ICE MACHINE (BALBOA PAVILION) 4, C CORONADO TENNIS CENTER 933 ICE MACHINE 4, A CORONADO COMMUNITY CENTER 933 KITCHEN EQUIPMENT 4,000 4,000 4,000 4,000 -

8 33A CORONADO COMMUNITY CENTER 933 COFFEE BAR EQUIPMENT ,000-33A CORONADO COMMUNITY CENTER 933 PORTABLE DEMO KITCHEN ,000 - E-09 CASE 580L BACKHOE 2WD - SN 30B RECREATION MAINTENANCE 934 JJG , B RECREATION MAINTENANCE 934 E-52 ENGERSSOLL RAND ROLLER SN , B RECREATION MAINTENANCE 934 KUBOTA RIDING MOWER SN , B RECREATION MAINTENANCE 934 KUBOTA DECK MOWER , B RECREATION MAINTENANCE 934 TORO DEBRIS BLOWER SNS , B RECREATION MAINTENANCE NEW HOLLAND TRACTOR SN# UL , B RECREATION MAINTENANCE 934 TORO-GROUNDSMASTER MOWER - 17, B RECREATION MAINTENANCE 934 U-88 FLBED DP TR SN3FDWF65671MA , B RECREATION MAINTENANCE 934 KUBOTA F2680E TRACTOR BLOWER -SN , B RECREATION MAINTENANCE 934 KAWASAKI MULE UTILITY VEHICLE JK1AFCJ166B , B RECREATION MAINTENANCE 934 KUBOTA F260E TRACTOR BLOWER ,000-30B RECREATION MAINTENANCE /2 B 20 UTIILTY TRAILER ,500-30B RECREATION MAINTENANCE 934 SKID STEER LOADER CAT - SN SCP ,000 30B RECREATION MAINTENANCE 934 UTILITY TRAILER TANDEM 16' ,500 30B RECREATION MAINTENANCE /2 X 12' UTILITY TRAILER SN ,000-30B RECREATION MAINTENANCE 934 TORO GROUNDSMASTER RIDING MOWER , B RECREATION MAINTENANCE 934 LEAF MULCHER/BRUSH CHIPPER , C CORONADO TENNIS CENTER 934 CLUB CAR WORK CT FG ,200-33A CORONADO COMMUNITY CENTER 934 SCISSOR LIFT , A CORONADO FITNESS CENTER 934 BOILER - 34, A WOODLANDS AUDITORIUM 934 DIMMER RACK 35, A WOODLANDS AUDITORIUM 934 LIGHTING 10,000 20,000 20,000 20,000 20,000 35A WOODLANDS AUDITORIUM 934 WOODLANDS 30' MOVIE SCREEN 7, A WOODLANDS AUDITORIUM 934 Riser Repalcement/Portable Staging - 18, A WOODLANDS AUDITORIUM 934 SCISSOR LIFT MD GS2032/GS ,600-41A Cortez 934 W/B Greens Mower 47,500 44A DeSoto 934 Fairway Mower 57,950 44A DeSoto 934 W/B Greens Mower 47,500 44A DeSoto 934 Triplex Slope Mower 33,725 44A DeSoto 934 Laztac/Drag Unit 18,050 44A DeSoto 934 Work Carts 8,550 44B Granada 934 WB Greens Mower 47,500 44B Granada 934 Deck Mower 25,650

9 44B Granada 934 Sand Pro 20,900 45B Magellan 934 Triplex Slope Mower 33,725 45B Magellan 934 Tee Mower 22,325 46A Coronado 934 Reel Grinder 28,500 46B Isabella 934 Tee Mower 51,300 46B Isabella 934 Triplex Slope Mower 33,725 46B Isabella 934 Sand Pro 20,900 46B Isabella 934 Workman/Cushman 12,825 46B Isabella 934 Range Cart 4,750 47A Balboa 934 W/B Greens Mower 50,000 47A Balboa 934 Reel Grinder 30,000 47A Balboa 934 Tee Mower 22,325 47A Balboa 934 Work Carts 8,550 47C Ponce 934 Greens Sprayer 24,700 47C Ponce 934 Steiner 22,325 47C Ponce 934 Workman/Cushman 18,050 47C Ponce Gang Range Pickups 3,230 GRASSHOPPER MOWER MD 3210/ B WASTE WATER DEPARTMENT 934 (CEDAR CREEK WWTP) 15,000 65A GEN MAINT & STREETS 934 CRACK FILL MACHINE 57,000 65A GEN MAINT & STREETS 934 FLAIL MOWER SKID STEER ATTACHMENT 25,000 65A GEN MAINT & STREETS 934 E-65 FORD TRACTOR SN ,000 65A GEN MAINT & STREETS 934 E-21 NH TN55 TRACTOR SN ,000 65A GEN MAINT & STREETS 934 DIESEL TRACTOR SN HJE ,000 65A GEN MAINT & STREETS 934 E-12 DIESEL TRACTOR W/MOW SN B 44,000 65A GEN MAINT & STREETS 934 EQUIPMENT TRAILER SN 2WS ,000 65A GEN MAINT & STREETS 934 NEW HOLLAND DIESEL TRACTOR HJE ,000 65A GEN MAINT & STREETS 934 SELF PROPELLED SWEEPER 50,000 65A GEN MAINT & STREETS 934 SIDE MOUNT MOWER 60,000 65A GEN MAINT & STREETS 934 POT HOLE MACHINE - TRAILER UNIT 66,000 65A GEN MAINT & STREETS 934 TRENCH BURNER 48,400 66A BUILDING & GROUNDS 934 HART PRESSURE TRASMITTER METER 8,000 62B Water Department 934 Water Analyzer 16,000 62B Water Department 934 Motor stroke 15,000 41A Cortez 934 Golf Equipment Replacement 125, , , ,000 44A DeSoto 934 Golf Equipment Replacement 125, , , ,000 44B Granada 934 Golf Equipment Replacement 125, , , ,000 45B Magellan 934 Golf Equipment Replacement 125, , , ,000 46A Coronado 934 Golf Equipment Replacement 125, , , ,000

10 46B Isabella 934 Golf Equipment Replacement 125, , , ,000 47A Balboa 934 Golf Equipment Replacement 125, , , ,000 47C Ponce 934 Golf Equipment Replacement 125, , , ,000 31C CORONADO TENNIS CENTER 935 PLAYMATE TENNIS BALL MACH #H , A CORONADO FITNESS CENTER 935 FITNESS EQUIPMENT AS NEEDED 10,000 25,000 25,000 25,000-44A DeSoto 935 Cart Fleet 117,563 45B Magellan 935 Cart Fleet 117,563 31A OUTDOOR RECREATION 935 Picnic Tables Cortez Pavillion 35,000 31A OUTDOOR RECREATION 935 Picnic Tables Balboa Pavillion 50,000 10A POLICE RADAR MESSAGE BOARD ON TRAILER 31,000 SELF CONTAINED BREATHING APPARATUS'S 15A FIRE DEPT 936 "SCBA's" (quantity 30) 156,000 15A FIRE DEPT 936 QUINT - 900,000 06A Information Technology 937 SAN Refresh 75, A Information Technology 937 Hardware Refresh, Upgrade Storage Capacity - 10,000 10,000-06A Information Technology 937 Gate Camera System Replacements 5,000 5,000 5,000 5,000 10A POLICE 937 Gate Upgrades (Includes Capture Software) 190,000 06A Information Technology 937 TOWER UPGRADES/LMR 7, DISPATCH CONSOLE TO REPLACE OLD 10A POLICE 937 CONSOLE 20,000 10A POLICE DODGE DUR 1C4RDJAGDC ,000 32,000 10A POLICE DODGE DUR 1C4RDJAGDC ,000 32,000 10A POLICE FORD EXP 1FM5K8AR4FGB ,000 34,100 35,123 10A POLICE FORD EXP 1FM5K8AR2EGB ,000 34,100 35,123 10A POLICE FORD P/U 1FTSW2B59AEB ,600 15A FIRE DEPT 941 DAKOTA PU SN 1D7HG38N23S ,000 30B RECREATION MAINTENANCE 941 CHEV PU 3/4 T/ 4WD-SN1GCHK24025E , U-599 DODGE DAKOTA SN 30B RECREATION MAINTENANCE 941 1D7HW22N55S , B RECREATION MAINTENANCE 941 UTILITY TRAILER 6'11 x 20' ln , B RECREATION MAINTENANCE 941 TOMMY LIFT FOR TRUCK - - 2, B RECREATION MAINTENANCE 941 CHEVY PU 2-WD- 1GCHC4U57E , U-82 FORD F250 4WD PU SN 30B RECREATION MAINTENANCE 941 1FTNF21LYE , B RECREATION MAINTENANCE 941 FORD F150 PU 2WD SN 1FTRF12WX7KC , B RECREATION MAINTENANCE 941 U-34A FORD PU 3/4T 1FTNF20558EB , A Balboa 941 P/U Truck 21,000 50A P&I Dept. 941 U-92 Dodge Durango - Auctioned 28,000 50A P&I Dept. 941 U-3 Jeep Liberty 1J4GL48K03W ,000

11 50A P&I Dept. 941 U-90 Jeep Liberty 1J4GL48K36W ,000 U-51 '04 SANITATION TR SN 61A SANITATION DEPARTMENT 941 ZAATCS75AU ,000 61A SANITATION DEPARTMENT 941 SANITATION TR SN PMLHLR ,000 U-57 SANITATION TRUCK 61A SANITATION DEPARTMENT 941 FJVACXCS77DY ,000 U-50 CHEVY SILVERADO PU W/BED 61A SANITATION DEPARTMENT 941 BJC34608E ,000 U-58 SANITATION TRK SN 61A SANITATION DEPARTMENT 941 2NKHHM7X89M ,000 62B WATER DEPARTMENT 941 U-14 DODGE RAM SN 3D7LR38C ,000 62B WATER DEPARTMENT 941 U-39 FORD DUMP TRK 3FRXF65E05V ,000 62B WATER DEPARTMENT 941 U-13 FORD RANGR SN 1FTYR10U56PA ,000 62B WATER DEPARTMENT 941 U-12 COLORADO PU SN 1GCDT14E ,000 64B WASTE WATER DEPARTMENT 941 U-22 DODGE PU SN 3D7LR38C ,000 64B WASTE WATER DEPARTMENT 941 U-17 F250 PU SN 1FTSF20P16ED ,000 64B WASTE WATER DEPARTMENT 941 U-38 '91 GMC TRUCK 1GDM7H1J7NJ ,000 64B WASTE WATER DEPARTMENT 941 U DUMP TR SN 1FDYP80E6VVA ,000 64B WASTE WATER DEPARTMENT 941 U-15 CHEV PU GCEC14V15Z ,000 64B WASTE WATER DEPARTMENT 941 U-5 CHEV PU SN 1GCCS ,000 DUMP BED - REPLACE BED ON 64B WASTE WATER DEPARTMENT 941 INTERNATIONAL 15,000 64B WASTE WATER DEPARTMENT 941 U-10 F150 PU SN 1FTRF14W76NB ,000 65A GEN MAINT & STREETS 941 U CHEV PU SN 1GCHK24U22E ,000 65A GEN MAINT & STREETS 941 U-4 FORD F150 PU 1FTRF14W06NB ,000 65A GEN MAINT & STREETS 941 U CHEV PU SN 1GCHK24U62E ,000 65A GEN MAINT & STREETS 941 U-34B CHEV PU SN 1GCHC241163E ,000 U-6 DODGE PU SN 1B7HF16YX1S A BUILDING & GROUNDS 941 (ELECTRICAL) 49,500 66A BUILDING & GROUNDS 941 U-59 CHEV PU SN 1GBHC24UX5E ,000 U-40 INT DUMP TRUCK SN 65A GEN MAINT & STREETS 942 1HTZZAAN68J ,000 65A GEN MAINT & STREETS 942 E-58 CASE BACKHOE SN JJG ,000 65A GEN MAINT & STREETS 942 E-56 BACKHOE SN ,000 65A GEN MAINT & STREETS 942 DOUBLE DRUM COMPACTOR 65,000 65A GEN MAINT & STREETS 942 DIRECTIONAL BORING MACHINE (USED) 75,000 90A CONSTRUCTION 942 E-50 CASE 1845C BOBCAT SN ,000 90A CONSTRUCTION 942 U-24 '07 FTL SN 1FVACXCS17D ,000 90A CONSTRUCTION 942 E-11 EQUIP TRAILER 24FT 3,500

12 90A CONSTRUCTION 942 U-28 CHEV SLVERADO 1GCHK24K ,000 90A CONSTRUCTION 942 U-18 CHEV SILV SN 1GCHC24K58E ,000 90A CONSTRUCTION 942 SULLAIR AIR COMPRESSOR SN ,000 90A CONSTRUCTION 942 E-36 CASE 650H DOZIER JJG ,000 90A CONSTRUCTION 961 NEW & IMPROVED STREETS 52,530 54,106 55,729 57,401 59,123 WTP CONSTRUCT SECONDARY SLUDGE 90A CONSTRUCTION 961 POND / DREDGE EXISTING POND 90A CONSTRUCTION 961 Replace Filter Media (MILL CREEK WWTP) 172,300 Replace Clarifier Rake Assembly (MILL CREEK 90A CONSTRUCTION 961 WWTP) 77,300 90A CONSTRUCTION 961 Replace filter media (CEDAR CREEK) 172,300 Replace clairifier rake assembly in each clarifier 90A CONSTRUCTION 961 (CEDAR CREEK WWTP) 77,300 Replace aerator rotors/drives arc screen/grit removal 90A CONSTRUCTION 961 (CEDAR CRK) 72,400 Replace bar screen/arc screen/grit removal (MILL 90A CONSTRUCTION 961 CRK WWTP) 45,300 90A CONSTRUCTION 961 MILLCREEK LAB 21,800 90A CONSTRUCTION 961 MILL CREEK SEWER LAB 15,300 90A CONSTRUCTION 961 Replace filter media (WATER TRT PLT) 116,000 90A CONSTRUCTION 962 WATER MAIN EXTENSIONS 100, , , , ,000 90A CONSTRUCTION 963 WATER SERVICES 10,250 10,500 10,500 10,500 10,500 90A CONSTRUCTION 964 SEWER MAIN EXTENSIONS 100, , , , ,000 90A CONSTRUCTION 965 SEWER SERVICES 7,000 7,000 7,000 7,000 7,000 90A CONSTRUCTION 966 ELECTRICAL 15,500 15,500 15,500 15,500 15,500 90A CONSTRUCTION 967 INTERCEPTOR TANKS 300, , , , ,000 90A CONSTRUCTION 968 ELECTRIC CONNECT.REIMBURSEM (40,000) (40,000) (40,000) (40,000) (40,000) 90A CONSTRUCTION 969 INTERCEPTOR TANK REIMBURSEM (300,000) (300,000) (300,000) (300,000) (300,000) 62B WATER DEPARTMENT 972 ELEVATED TANK REHAB 150, , , , ,000 64B WASTE WATER DEPARTMENT 991 SEWER PLANT PUMPING 51,500 53,045 54,636 56,275 57,964 The following items were discussed in previous budget plans but are not included in the current budget, until prioritized and reserved Total 15,769,000 47A Balboa Balboa Golf Course Renovation 2,500,000 47A Balboa Balboa Clubhouse 2,000,000 Golf Bunker Renovation 250, , , , ,000 45B Magellan Magellan Parking Lot 51,500 45B Magellan Magellan Curb/Gutter 105,700 45B Magellan Magellan Cart Paths 341,000 47A Balboa Balboa Cart Shed 128,800

13 47C Ponce Ponce Cart Path 262,400 Plant upgrade for nutrient removal 90A CONSTRUCTION 961 Depends on ADEQ (MILL CRK) 4,058,900 Plant upgrade for nutrient removal 90A CONSTRUCTION 961 Depends on ADEQ (CEDAR CRK) 4,058,900 NEW SELF SERV RECYCLING CENTER CONST (BAYS / CANOPY / PVMT / ELECT / STM WTR 90A CONSTRUCTION 916 PS / 115,000

14 HOT SPRINGS VILLAGE POA 2015 Budget Update Reflects Audit Adjustments, 2014 Capital Carry Forward, and Elimination of Admin Allocations Original Budget Approved by the Board Revenue Operating Expense Capital Administration $ 13,450,158 $ 2,528,110 $ 490,500 Marketing 10, ,850 15,500 Permitting & Inspections 140, ,270 - Fire 735,900 2,117,560 - Police 19,720 2,131,711 58,000 Recreation 1,714,553 2,938,543 2,516,500 Golf 6,501,540 7,669, ,681 Public Works 6,828,470 7,345, ,780 Total $ 29,400,341 $ 25,593,438 $ 4,672,961 Amended 2015 Budget Revenue Operating Expense Capital Administration $ 13,450,158 $ 2,820,590 $ 525,500 Marketing 10, ,850 15,500 Permitting & Inspections 140, ,270 - Fire 735,900 2,117,560 - Police 19,720 2,131,711 58,000 Recreation 1,303,285 2,966,582 2,533,500 Golf 6,501,540 7,669, ,681 Public Works 6,828,470 7,248, ,780 Total $ 28,989,073 $ 25,816,882 $ 4,729,961 Difference Between Original & Amended Budget Budgeted Revenue Operating Expense Capital Administration(1) $ - $ 292,480 $ 35,000 Marketing Permitting & Inspections Fire Police Recreation(2) (411,268) 28,039 17,000 Golf Public Works(3) - (97,075) 5,000 Total $ (411,268) $ 223,444 $ 57,000 (1)Expense difference relates to previous overhead allocation method, most of which ended up on the balance sheet. (2)Revenue & expense differences relate to audit reclass of insurance proceeds (3)Difference relates to previous previous overhead allocation method.