WHISPERWOOD HOME OWNER’S ASSOCIATION
ANNUAL BUDGET AND RESERVES REPORT
FOR YEAR 2025
The 2025 budget report for Whisperwood Homeowners Association has been carefully prepared to ensure the ongoing maintenance and improvement of our community amenities, while maintaining financial responsibility. This year’s budget reflects our commitment to preserving the SAFETY and quality of life for residents by addressing necessary repairs, including significant updates to the swimming pool and common areas, while also contributing to the reserve fund for future projects. Through diligent planning, we have prioritized both immediate needs and long-term sustainability, all within the framework of our $140,000 annual budget.
Whisperwood Home Owners Association
Budget and Reserves for year 2025
INCOME:
| Category | Estimated Income ($) |
| Member Dues (466 units) | $139,800 |
| Less 2% for non-payment of Dues | $(3,000) |
| 8 Pool Parties at $200 each | $1,600 |
| Interest Income on Reserves | $1,600 |
| Total Income | $140,000 |
EXPENSES:
General HOA Expenses:
| Category | Budgeted Amount ($) |
| Accounting Fees | $2,000 |
| Bank Fees | $50 |
| Legal Fees | $3,000 |
| Licenses & Fees | $400 |
| Office Supplies | $150 |
| Meeting Rooms | $200 |
| Newsletters | $2,000 |
| Postage | $200 |
| Total General Expenses | $8,000 |
Swimming Pool Expenses:
| Category | Budgeted Amount ($) |
| Pool Maintenance and Cleaning | $10,000 |
| Pool Chemicals and Supplies | $8,000 |
| Pool Equipment Repair/Replacement | $1,000 |
| Pool Furniture Repair/Replacement | $1,000 |
| Total Pool Expenses | $20,000 |
Swimming Pool Attendant Expenses:
| Category | Budgeted Amount ($) |
| Pool Attendant / Lifeguard | $30,000 |
| Total Pool Attendant Expenses | $30,000 |
Grounds Maintenance:
| Category | Budgeted Amount ($) |
| Landscaping and Lawn Maintenance | $4,000 |
| Groundskeeper | $15,000 |
| Irrigation System Repairs | $2,000 |
| Tree Trimming | $2,000 |
| Pest Control | $1,000 |
| Weed Control | $1,000 |
| Total Grounds Maintenance | $25,000 |
Insurance Expenses:
| Category | Budgeted Amount ($) |
| WHOA Property Insurance | $8,000 |
| General Liability (Directors & Officers) | $2,000 |
| Total Insurance Expenses | $10,000 |
Tax Expenses:
| Category | Budgeted Amount ($) |
| Property Tax | $1,000 |
| Federal Tax | $300 |
| Total Tax Expenses | $1,300 |
Utilities Expenses:
| Category | Budgeted Amount ($) |
| Water, Sewer and Trash | $10,000 |
| Electricity | $2,800 |
| Gas to heat pool | $2,200 |
| Total Utilities Expenses | $15,000 |
Miscellaneous and Event Expenses:
| Category | Budgeted Amount ($) |
| Miscellaneous and Events | $5,000 |
| Total Miscellaneous Expenses | $5,000 |
Reserve Fund Contribution:
| Category | Budgeted Amount ($) |
| Contribution | $20,000 |
| Total Reserve Fund Contribution | $20,000 |
Summary:
| Category | Total ($) |
| Total Income | $140,000 |
| Total General Expenses | $8,000 |
| Total Pool Expenses | $20,000 |
| Total Pool Attendant Expenses | $30,000 |
| Total Ground Maintenance Expenses | $25,000 |
| Total Insurance Expenses | $10,000 |
| Total Tax Expenses | $1,300 |
| Total Utilities Expenses | $15,000 |
| Total Miscellaneous Expenses | $5,000 |
| Total Capital Projects | $20,000 |
| Total Expenses | $134,300 |
| Surplus/Deficit | $5,700 |