2004 Budget Assumptions
1 Keep Quartely Assessments Flat.
2 Insurance premium is bound to go up. Added some on top of this year. Didn't budget a deductible.
3 Major Repairs - Capital but listed here for ease of explanation. (prior years amounts were for window replacement & door replacement/rot repair)
Retaining Wall -estimate $10,000
Ramp 4 work - estimate $2,000
Regravel and grade parking lot - estimate $2,000
Change light fixtures - $1,000
Contingency for additional rot - $5,000