Association Proposes Budget

The Association’s fiscal year runs May 1 – April 30 and the Board of Directors is responsible for approving the annual operating budget. The Board of Directors will discuss the draft budget at its meeting on April 3 and on April 17. The Board is expected to approve the FY18 budget at its meeting on May 1. Residents who have comments or questions about the budget are encouraged to submit their input by attending a meeting or contacting the Village Manager at manager@villageofriverhill.org or 410-531-1749. The draft budget is presented below.
River Hill Community Association Draft FY18 Operating Budget
REVENUE                                FY18 Budget     FY17 Budget       FY17 Est.
1. CA                                             268,065           261,085                261,083
2. Lease & Rental                         187,603          168,000                165,269
3. Tuition & Enrollment                    0                   0                                 0
4. Interest                                       225                 225                             223
5. Special Events                           1,300             1,300                       1,333
6. Fees                                               25                  50                              0
7. Miscellaneous                             60,000          60,000                   56,798
8. Gain/Loss on Disp of Asset          0                     0                              0
TOTAL REVENUE                       517,218          490,660              484,705
 

EXPENSES                                   FY18 Budget     FY17 Budget       FY17 Est.

9. Staff Salaries                                252,031            244,371            247,135
10. Janitorial Salaries                         0                       0                         0
11. Contract Labor                               0                       0                         0
12. Payroll Benefits                        29,070              28,610                26,409
13. Payroll Taxes                            20,506               19,992                19,395
14. Janitorial Expenses                 47,889               39,906               40,692
15. Fees                                           27,571                 20,672                 18,641
16. Operating Expenses                  7,502                  7,470                  6,797
17. Business Expenses                     3,250                 3,250                  3,216
18. Insurance                                   15,624                15,624                 14,855
19. Advertising                                6,610                    5,600                  5,350
20. Newsletter                                45,000                45,000               45,637
21. Other Printing                           500                        500                     314
22. Donations/Contributions          300                         300                       400
23. Special Events                         11,800                  10,800                 8,358
24. Taxes                                          60                            60                       673
25. Utilities                                     26,500                   26,500                  24,348
26. Repairs & Maintenance         17,585                    17,585                   16,888
27. Furniture & Fixtures                1,000                       0                          1,373
28. Total Exp Before Depr           512,798                486,240              480,481
29. Depreciation                            4,420                    4,420                        4,224
30. TOTAL EXPENSES                517,218              490,660                  484,705
Incr in Unrestricted Net Assets       0                           0                               0
2 replies
  1. Kenneth Buckbinder
    Kenneth Buckbinder says:

    Hi. I have lived in River Hill for quite a while now.

    I have a few questions regarding the budget. Can you help ?

    Regarding The $300,000 personnel costs… How many people does that represent, and what do these people do ?

    It looks like the River Hill association is forecasting $188k from renting and leasing things. Thats great. What are the total costs to generate that revenue ?

    Thank you for you help.
    Ken Buckbinder

    Reply
    • SandAdmin
      SandAdmin says:

      Hello.
      Thank you for your comments and questions regarding the proposed budget. Your inquiry has been shared with Susan Smith, the Village Manager. She will compile the information you have requested and get back to you next week. For future reference, you may contact her directly via email at manager@villageofriverhill.org

      Reply

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