Condominium Budget

Monthly Operating Budget
Management	$150.00
Insurance	$250.00
Landscape/Snow Removal	$235.00
Miscellaneous	$100.00 Minor Repairs/Accounting/Legal
Trash Pick Up	$110.00
Total Monthly Operating Budget	$820.00
Monthly Replacement Reserves Budget
Roof Replacement	$ 25.00 ($50 unit/Year-30Year Life)
Driveway Resurface	$ 20.00 ($800/Unit 20Year Life)
Deck Replacement	$ 30.00 ($1500/Unit 25 Year Life)
Total Monthly Reserves	$ 75.00
Total Monthly Budget	$895.00
Total Monthly Condo Fee	$149.20
This budget is a projected initial operating budget and is subject to change once final contracts with vendors have been agreed to. Each unit will contribute 2 months condo fees at the time of closing to establish a condominium reserve account. Condo fees are payable in advance of each month on the first day of each month.