September Treasurer's Report

Meadow Creek Homeowners Association
Treasurer’s Report
As of September 30, 2008


Year To Date

Income
Association Dues
$28,580.00
Late Fees
$200.00
Transfer to Escrow
($1,075.00)
Interest
$2.53
Total Income
$27,707.53


Expenses

Residence
Insurance
$5,558.96

Utilities/Maintenance
Alarm Service
$1,749.09
Electricity
$2,325.03
Lawn Care
$4,438.32
Snow Removal
$5,135.57
Phone Line (for fire)
$1,398.13
RPZ/Backflow Testing
$278.73
Trash
$2,470.12
Water
$247.58
Electrical Work
$50.95
Rekeying Locks
$200.62
Garage Door Repair *
$474.95
Pipe/Drywall Repair **
$500.00

Loans
Loan Repayment
$3,150.00

Miscellaneous Expense
Office Supplies
$40.68
Postage
$58.40
Meeting Space
$30.00
Attorney Fees
$0.00
Total Expenses
$28,107.13
Net Income
($399.60)

Checking Account Balance $206.02
Escrow Account Balance $1,075.32

Notes:
*In June a garage door was backed into & needed to be repaired. Since the damage came from the outside & we do not know who caused the damage the association was responsible for paying the bill of $474.95.
**There was a crack in a pipe leading to the outside water spicket on the west side of the 1960 building. This crack resulted in extensive water damage to unit 34. The association was responsible for fixing the pipe & the drywall. This cost was $500.00

We have switched a few companies that we use in an effort to save money. We are now using Pro Lawn for lawn care & snow removal. We have switched to Auto Owner’s Insurance for the association’s insurance. If you need a copy of the new insurance policy please email us at meadowcreekassoc@yahoo.com or call Brandon in unit 48 for more.