ADOPTED                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                      BUDGET                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                        1993                                                                                                                                                                                                                                                                                                                                                                                                                                                        
  INCOME                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
    Condominium Fees                                $559,750                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Parking Rentals                                    7,980                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Unit Rental - Unit 212                             4,900                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Interest                                           3,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Late Fees                                          1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Laundry Machines                                  18,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Move In Fees                                       1,800                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Materials Reimbursement                            1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Funds from Reserves                                    0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Miscellaneous                                        750                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL INCOME                                      $598,680                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  UTILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
    Electricity                                     $102,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Water/Sewer                                       28,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Gas                                                2,800                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Gas/Fuel Oil                                      32,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Telephone                                          2,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL UTILITIES                                   $167,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  MAINTENANCE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
  Supplies:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
    Janitorial                                        $1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Maintenance                                        3,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Lighting                                           1,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    HVAC                                               1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Snow Removal                                         500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Pool Supplies                                        300                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Grounds Supplies                                   2,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Other                                                  0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
  Sub Total, Supplies                                $10,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  Repairs:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
    Roof                                              $1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Plumbing                                           1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Electrical                                         3,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    HVAC                                               2,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Building                                           8,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Locks/Keys                                           800                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Parking Gate & Door                                3,000                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Miscellaneous                                        300                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Elevators                                          1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
  Sub Total, Repairs                                 $21,100                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL MAINTENANCE                                  $31,100                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  PERSONNEL                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
    Office Payroll                                  $108,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Engineer's Payroll                                13,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Cleaning Payroll                                  42,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Payroll Taxes                                     17,930                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Employee Education                                 1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Health Insurance                                  18,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Workers Compensation                               4,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Uniforms                                           1,600                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL PERSONNEL                                   $206,230                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  CONTRACTED SERVICES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
    Trash Removal                                     11,635                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Pager                                                280                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Grounds Maintenance                                    0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Elevators                                         11,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    HVAC                                              13,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Carpet Cleaning                                    2,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Water Treatment                                    1,100                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Exterminator                                       1,100                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Pool Management                                    3,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Laundry Machines                                     940                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL CONTRACTED SERVICES                          $45,555                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  PROFESSIONAL SERVICES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
    Management                                        16,395                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Management Consulting                                  0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Legal                                             16,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Audit                                              3,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Engineer/Architect                                 1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Reserve Study                                          0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL PROFESSIONAL SERVICES                        $36,395                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  ADMINISTRATIVE EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
    Postage                                            2,800                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Printing/Copying                                   1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Office Supplies                                    1,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Miscellaneous                                      2,400                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Interest (Mortgage)                                4,300                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Unc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
  TOTAL ADMINISTRATIVE                               $12,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  INSURANCE, LICENSES, & TAXES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
    Property Insurance                                11,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Taxes                                              2,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Permits                                            1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Losses/Deductibles                                 1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL INS, LICENSES & TAXES                        $15,200                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL OPERATING EXPENSES                          $513,680                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  PLANNED CAPITAL EXPENDITURES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
    Roof/Facade Repairs/Replacement                   20,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Building Improvements                              9,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Lobby Remodeling                                       0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Manager's Office                                       0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL RESERVES CONTRIBUTION                        $85,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  PRIOR YEAR DEFICIT                                      $0                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  TOTAL EXPENSES                                    $598,680                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  Surplus/(Deficit)                                       $0