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RIVER BEND PROPOSED 2019 BUDGET notes.docx

RIVER BEND PROPOSED 2019 BUDGET

SURPLUS FUNDS – This is the amount of $$$ River Bend had left over in each each after all income was received and expenses were paid

2015 – $130,000

2016 – $121,000

2017 - $ 80,000+

INCOME

Historical Dues data

2016 – Budgeted $1,694,770.00 - 1,550 lots Collected $1,750,809.64 +$56,039.64

2017 – Budgeted $1,841,513.75 – 1,525 lots Collected $1,965,208.64 +$123,694.89

2018 – Budgeted $1,855,408.00 – 1,600 lots Collected $2,016,436.83 +$ 161,028.83

Total Collected in dues over budgeted $340,763.36

Collection Of Past Years Dues Monies

2017 – Budgeted $32,000 Collected $ 114,418.63 + 82,418.63

2018 – Budgeted $ 28,000 Collected $ 58,392.69 + 30,392.69

2019 – Budgeted $ 0.00

Monies need to be put in the budget for past collection of dues

PASSES –

2016 – Budgeted $ 67,000 Took In $ 124,456.12 Net + 54,456.12

2017 – Budgeted $ 67,000 Took In $ 156,761.72 Net + 89,861.72

2018 – Budgeted $ 67,000 Took in $ 124,231.95 Net + 57,231.95.

+201,549.79

2019 – Budgeted $ 0.00 for pass monies – Money needs to be put in the budget for pass money




INITIATION FEES


2016 – Budgeted Took In $ 23,395

2017 – Budgeted $ 7,000 Took In $ 23,909

2018 – Budgeted 0.00 Took In $15,400

$62,704

2019 – Budgeted $ 0.00 for initiation fees. These are the $200 fee you pay to become a member of River Bend – Money needs to be put in the budget for initiation fees


Reserved Lot Rental is very questionable

PROPERTY SALES

2016 - $106,556.01

2017- $33,889.00

2018 - $ 8,896.15 – Why is the BOD not actively trying to sell River Bend owned properties !!!! FREE MONEY


EXPENSES

Salaries –

Admin Salaries are budgeted to increase $ 40,960

Maintenance Salaries are due to increase $ 71,800

Security - $ 378,000 – Admiral

2016 - Salaries Budgeted Actual $ 698,334.77

2017 - Salaries Budgeted $779,152.50 Actual $ 728,661.19 $ 50,491.31 savings

2018 – Salaries Budgeted $ 787,200.00 YTD $ 485,521.23 (244,000 excepted to spend through 2018) $ 729,521.00 $57,679.00 anticipated savings

2019 - Budgeted $ 580,820.00 looks like a decrease but it’s not due to security being taken out it’s actually an increase as stated above. Over budgeted $ 149,200.24



Admiral Security - $ 378,000

2016 – 294,294.38

2017 - $ 307,409.40

2018 - $194,696.47 – at 12 months should be $ 292,044.72 Increase of $ 85,955 in 2019 due to Admiral doing Security

*** Note Admiral is using our vehicles, gas and upkeep ****


Security Computer, Generator, Cameras $ 8,000.00 what, where, when, how is this money being figured

Capital Equipment $ 35,000 Are there 3 quotes from tractor dealers for the membership to review and approve

Bad Debts - $ 172,911.00 (127 Doubtful Accounts Dues and Assessments) Everyone that pays their dues are also paying for the people that don’t pay their dues. This amount of money has NEVER been put in a budget prior to this year. It is totally absurd to even fathom the fact that dues paying members should pay the dues of nonpaying dues members.

Bank Credit Card Fees - 2016 Cost $ 11,092.29

2017 Cost $ 10,645.05

2018 YTD $ 9,594.70

2019 – Budgeted $ 9,000

Ok the reason why RBMC has been incurring these fees is all credit/debit cards have been being processed as credit cards which incurs a transaction fee. If the credit/debit card machine would have been setup properly that a debit card with a pin number entered was used RBMC would not be incurring these high costs. Sue Pendleton researched this and has now had Peter set the machine up to work properly.


Professional Legal 2016 - $ 49,752.72 – Due to John Baker case which has been resolved

2017 – 7,207.75

2018 – 1,955.00 YTD

2019 – 10,000 – Budgeted – this is total over kill due to the fact there are no

outstanding lawsuits/ court cases


Professional – IT – Network 2016 – $ 14,413.72



2017 - $ 15,547.74

2018 – $ 49.54

2019 – $25,000 Budgeted – what are they buying and upgrading. Are there 3 proposals for the membership to review and vote on

Reserve Study – There was a reserve study done a few years ago that cost the membership $ 10,000 and the recommendations have never been completed nor even thought about being started. Now they want to take $15,000 from 2016 overage and get another one done. This is a TOTAL waste of money.

Collection Fees Legal – Proposed budget of $ 35,000.00 this is a waste of money. It’s cost $11.00 to file a lien on a past due lot owners lot. After a certain amount of days you can file for the sheriff department to sell at tax sale. I’ve been there done that. Spent countless hours in winter of 2015 preparing the lien paperwork to be filed which never happened. You can only go back 2 or 3 years and file a lien on past dues.

Recreation Activities/Fireworks – The monies for the fireworks has always been in the budget under recreation activities. There is no need to be taking money out of passes for this.

2016 – 19,607.27

2017 – 19,178.03

2018 – 17,231.61 YTD

2019 - $ 37,420.00 proposed budget – this is a $ 17,000 increase. What activities is the park going to have for this money besides the fireworks

Utilities – 2016 - $ 502,372.46

2017 - $ 487,174.67

2018 - $304,557.13 YTD ( $460,000 anticipated total)

2019 – $ 535,000 $ 47,826 increase over 2017 cost.

With the electric upgrade we were told our electric bill would decrease every year due to new wiring etc. As you can see this has historically been true so why the potential increase of $ 47,826.00