August 4, 2020 Mariana Springs HOA meeting
As of August 1…
Checking Account Balance: $ 12,880.00
Savings/Reserve Account Balance: $26,993
Total operating budget expenditures Year to Date: $15,632
At 7 months into the year, we have spent ~50% of our annual budget versus expected 59%. We are currently at ~$2900 under budget for expenses.
WPM has transferred $9,128 from our reserve account to checking to pay for special projects to date:
Irrigation Pump 2948
Concrete Repairs 2640
Path Repair 3540
We anticipate further Path Repairs to cost ~$14,200, leaving our reserve account at end of year at ~$12,793. Our desired minimum reserve account balance is ~$9,000.