Hideout P.O.A. 2025 Budget Assessment & Fund Balance Report HISTORY OF ASSESSMENTS Description
2019
2020
2021
2022
2023
2024
2025
Annual Assessment
1,300
1,355
1,410
1,515
1,585
1,730
1,860
Capital Reserve
395
395
340
350
330
280
235
New Capital Reserve
50
55
100
35
55
60
35
Contingency Fund Replenish
0
0
0
0
0
0
30
TOTAL
1,745
1,805
1,850
1,900
1,970
2,070
2,160
$ Increase
1,745
60
45
50
70
100
90
% Increase
2.9%
3.4%
2.5%
2.7%
3.7%
5.3%
4.3%
Budgeted Lots to Pay
3635
3635
3625
3640
3650
3660
3660
Actual Lots Paid/Taken
3563
3510
3581
3635
3641
Lots Billed
3908
3904
3765
3794
3846
Lots Taken off the Rolls - Hideout & RSW
2
4
139
4
0
0
0
Budgeted Lots to Pay %
93.01%
93.11%
96.28%
95.94%
99.80%
OPERATIONS Revenues Assessment x 3,660 Lots
Expenses $
Carry Forward Deficit-2023
6,807,600
Amenity Expenses
$ 10,053,831
(78,391)
Carry Forward Surplus (Insect Spray)
-
Investment Income
Reserve Expense (Insect Spray)
-
40,000
Other Income
-
Late Charges
55,000
Administration Fees
35,000
Amenity Income
Board Contingency & Fees
50,000
Taxes
5,000
3,139,622
Prior Year Collections
Total
$ 10,108,831
110,000
Total
$ 10,108,831
$
-
CAPITAL RESERVE Revenues Assessment x 3,660 Lots
Expenses 860,100
Reserve Projects
Investment Income
60,000
Fees
Transfer Fees
420,000
Taxes
Prior Year Collections
10,000
Total
$
$
1,350,100
4,835,126 $
1,307,600
12/31/2024 Estimate
$38,000 Total
Inc (Reduction) of Reserve
$
2,000
$
1,347,600
$
2,500
4,837,626
12/31/2025 Estimate
NEW CAPITAL RESERVE Revenues Assessment x 3,660 Lots
Expenses 128,100
New Capital Projects
Investment Income
10,000
Taxes & Fees
Prior Year Collections
1,000
Total
$
$
139,100
460,858 $
126,300
$
127,300
$
11,800
Inc (Reduction) of Reserve
472,658
TOTAL BUDGET - OPERATIONS & RESERVES
Assessment x 3,660 Lots
Expenses
Carry Forward Deficit-2022 Carry Forward Surplus (Insect Spray)
$
7,795,800 (78,391) -
Amenity Expenses
-
Board Contingency
Investment Income
110,000
Reserve Project Expenditures
Transfer Fees
420,000
Amenity Income
3,139,622
Prior Year Collections Total
Estimate 12/31/2024 Estimate
50,000 1,433,900
-
Investment in Real Estate Company Taxes & Fees Total
12/31/2025
$ 10,053,831
Compensation Plan Reserve
90,000 -
5,295,984
Reserve Expense (Insect Spray)
Administration & Late Charges Other Income
Estimate
1,000
Total
Revenues
12/31/2024
46,000 $ 11,583,731
121,000 $ 11,598,031
Inc (Reduction) of Reserve
$
14,300
Notes: Dues increase of $90 for the year equates to $1.73/week and factors against inflation rate of 5.4% in 2024 Need to cover 2023 Operations loss of $78,391 (accounts for $21 of dues increase) Need to replenish $200k contingency fund (accounts for $30 of dues increase) - this replenishes half Amenity income includes proposed increases in selected amenity fees
5,310,284
12/31/2025 Estimate