2004 MONTHLY BUDGET
		January		January	February	March	April	May	June	July	August	September	October	November	December		2004		2003
		Actual		Budget	Budget	Budget	Budget	Budget	Budget	Budget	Budget	Budget	Budget	Budget	Budget		Budget		Actual
REVENUE
	Association Fees			$        6,300	$               -	$               -	$        6,300	$               -	$               -	$        6,300	$               -	$               -	$        6,300	$               -	$               -		$25,200		$24,824
	Interest Income			6	-	-	6	-	-	6	-	-	6	-	-		$24		$22
	Initial Capital Fee			-	-	-	-	-	-	-	-	-	-	-	-		$0		$0
	Total Revenue			6,306	-	-	6,306	-	-	6,306	-	-	6,306	-	-		$25,224		$24,846
EXPENSES
	Printing and Other			40	10	10	40	10	10	40	10	10	40	10	10		$230
	Postage Other			40	10	10	40	10	10	40	10	10	40	10	10		$230		$0
	Administrative Other			20	20	20	20	20	20	20	20	20	20	20	20		$220		$784
	Accounting/Legal/Professional			135	135	135	135	135	135	135	135	135	135	135	135		$1,481		$1,362
	Bank Fees			213	-	-	213	-	-	213	-	-	213	-	-		$850		$806
	Total Administrative			447	175	175	447	175	175	447	175	175	447	175	175		$3,011		$2,952
	Insurance			-	843	-	-	-	-	-	-	-	-	-	-		$843		$50
	Property Tax			-	-	-	-	125	-	-	-	-	-	125	-		$250		?
	Corporate Taxes			-	-	-	-	300	-	-	-	-	-	50	-		$350		?
	Total Insurance & Taxes			-	843	-	-	425	-	-	-	-	-	175	-		$1,443		$50
	Electric			25	25	25	25	25	25	25	25	25	25	25	25		$275		$242
	Trash Removal			-	-	-	-	-	-	-	-	-	-	-	-		$0		$0
	Total Utilities			25	25	25	25	25	25	25	25	25	25	25	25		$275		$242
	Maintenance-Discretionary			-	-	-	-	-	-	-	-	-	-	-	-		$0		$2,479
	Mowing			400	400	400	400	400	400	400	400	400	400	400	400		$4,800		$4,800
	Fertilizer and Weeds			54	54	54	54	54	55	54	54	54	55	54	54		$650		$650
	Turf Program			-	-	-	-	-	-	-	-	-	-	-	-		$0		$0
	Shrub & Tree Service			108	108	108	108	110	108	108	108	108	110	108	108		$1,300		$1,300
	Flowers			54	54	54	54	54	55	54	54	54	55	54	54		$650		$650
	Landscaping			183	183	183	183	183	185	185	183	183	183	183	183		$2,200		$2,192
	Other Ground Maint.			183	183	183	183	183	185	185	183	183	183	183	183		$2,200		$2,160
	Total Ground Maint			982	982	982	982	984	988	986	982	982	986	982	982		$11,800		$14,231
	Total Expenses			1,454	2,025	1,182	1,454	1,609	1,188	1,458	1,182	1,182	1,458	1,357	1,182		$16,529		$17,475
NET INCOME / (LOSS)				$        4,852	$       (2,025)	$       (1,182)	$        4,852	$       (1,609)	$       (1,188)	$        4,848	$       (1,182)	$       (1,182)	$        4,848	$       (1,357)	$       (1,182)		$8,695		$7,371
Cash balance 12/31/03				$18,390
Operating Cash Beginning Period				$18,390	$23,242	$21,217	$20,035	$24,887	$23,279	$22,091	$26,939	$25,757	$24,576	$29,423	$28,067
Operating Cash Ending Period				$23,242	$21,217	$20,035	$24,887	$23,279	$22,091	$26,939	$25,757	$24,576	$29,423	$28,067	$26,885
Reserve Cash				$2,580	$2,580	$2,580	$2,580	$2,580	$2,580	$2,580	$2,580	$2,580	$2,580	$2,580	$2,580
			TOTAL CASH BALANCE	$25,822	$23,797	$22,615	$27,467	$25,859	$24,671	$29,519	$28,337	$27,155	$32,003	$30,647	$29,465