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Due
Date for Payments
The Association
dues are due on April 1st of each year.
Primary Uses for Dues Money
- Management fees for Kirkpatrick Management Company
- General maintenance of common areas including mowing and
trimming
- Liability insurance payments for common areas
- Real estate taxes
- General maintenance of the ponds to prevent algae growth,
etc.
- Electric bills for street lights and lighting at front
entrance wall and median
AUSTIN LAKES SOUTH HOMEOWNERS ASSOCIATION,
236 Homes
2009-2010 Approved Budget Apr.1 - Mar.31
| Dues Amount (per home) |
$113.00 |
$125.00 |
$125.00 |
| |
2007-2008
Actual |
2008-2009 Actual |
2009-2010 Approved |
| Income |
|
|
|
| Maintenance Fees |
$25,823.00 |
$29,500.00 |
$29,500.00 |
| Legal Fees/Court Cost Recovery |
$6,732.00 |
$3,000.00 |
$2,000.00 |
| Late Fees |
$650.00 |
$590.00 |
$300.00 |
| Bad Debt |
($1,701.00) |
($1,219.00) |
($1,000.00) |
| Reserve Account Funding |
$0.00 |
($2,000.00) |
($2,000.00) |
| Interest |
$222.00 |
$55.00 |
$60.00 |
| Total Income |
$31,726.00 |
$28,926.00 |
$28,860.00 |
| |
|
|
|
| Expenses |
|
|
|
| Management Fees |
$8.751.00 |
$9,014.00 |
$9,280.00 |
| Legal Fees |
$4,801.00 |
$2,500.00 |
$2,500.00 |
| Professional Fees (Accounting) |
$235.00 |
$235.00 |
$235.00 |
| Administrative Expense |
$854.00 |
$1,800.00 |
$1,800.00 |
| Web site |
$108.00 |
$120.00 |
$144.00 |
| Electricity Expense |
$1,298.00 |
$1,000.00 |
$1,300.00 |
| Mowing |
$4,605.00 |
$4,030.00 |
$4,340.00 |
| Lawn Treatment |
$350.00 |
$875.00 |
$875.00 |
| Mulch and Bed Maintenance |
$405.00 |
$785.00 |
$890.00 |
| Shrub Pruning |
$0.00 |
$350.00 |
$325.00 |
| Landscaping |
$350.00 |
$0.00 |
$0.00 |
| Pond Maintenance |
$3,148.00 |
$3,178.00 |
$3,500.00 |
| Common Area Maintenance |
$1,112.00 |
$0.00 |
$327.00 |
| Playground Maintenance |
$231.00 |
$280.00 |
$240.00 |
| Critter Control |
$780.00 |
$2,515.00 |
$1,000.00 |
| Property Taxes |
$287.00 |
$150.00 |
$150.00 |
| Property & Liability Insurance |
$1,992.00 |
$1,950.00 |
$1,950.00 |
| Contingency Fund |
$85.00 |
$0.00 |
$0.00 |
| |
|
|
|
| Total Expenses |
$29,392.00 |
$39,782.00 |
$28,860.00 |
| |
|
|
|
| Total Reserves |
$5,645.00 |
$7,663.00 |
$9,675.00 |
Dues Amount
2010 calendar year – $125.00
Overdue Payments and Liens
Please note that if dues are not
received by April 30, a late fee of
$10 will be added. If the dues remain unpaid, a
lien will be placed on the home which will remain in force
until all unpaid dues are made current, including any and
all legal fees incurred by the Association to collect said
dues.
If you currently have a lien on your home and wish to have
it removed, please e-mail
the Association to make the necessary arrangements.
Where to Send Payments
Austin Lakes Homeowners Association
C/O Kirkpatrick Management Company
5702 Kirkpatrick Way
PO Box 20630
Indianapolis, IN 46220-0630
Additional information about annual dues is contained in
the Covenants and Bylaws.
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