The annual budget is required to cover many items. An general explanation follows:

• Lawn Maintenance: The entrance areas and along Fort Christmas Road are mowed, edged, and maintained by a lawn maintenance company. We currently pay $395.00 per month or $4,800 per year for this service.

• Insurance – Property: This is Liability and Property damage coverage for the Association. The property coverage is for the wall, fence, and irrigation system. The liability coverage is to protect the Association from liability claims. Cost is approximately $400 per year.

• Director/Officer Liability Insurance: This is for covering liabilities that may involve Officers and Director positions. We pay $800 per year for this coverage.

• Electric Power (Florida Power and Light): This is for street lighting and for the irrigation system. Both systems are metered independently. This averages to approximately $2,300 per year.

• North Lake Pickett Easement Association (NLPEA): This is for maintenance and insurance of the Lake facilities. We pay $25 per lot or $2,000 per year.

• Maintenance/Repairs: This is the fund for any unexpected repairs for the Association common areas, which include the roads, irrigation, walls and fence, and signs. We anticipate numerous repairs to the road surface (potholes and intersections), walls/fence, and Irrigation Pump House. This typically varies between $2,500 and $3,500 but is dependant on what is left over from the other expenses.

• Easement Mowing: DELETED - This is to mow a 15-20 foot strip in front of all the lots in order to keep the area looking maintained. The Association has provided this service in the past ($1200), however it is the lot owners responsibility to do this mowing. Since our neighborhood is now approximately 80% occupied we will no longer provide this service.

• Administration/Miscellaneous expenses: Administration costs include postage, printing/copying, envelopes, labels, etc. primarily for the mailing of notices and dues statements. Miscellaneous funding could be used to supplement the Repair or Legal Fund if necessary. Budgeted amount is typically about $500 to $750 per year

• Legal expenses: This is for legal assistance/advise, filing liens, etc. Budgeted amount is typically around $500 to $700.

• Taxes: This for accounting services for the filing and payment of State and Federal taxes and all taxes owed.  Additional filing fees for non-profit organizations are also covered here. Budgeted amount is typically about $1000.

• Future Road Resurfacing Fund: This money is set aside (invested) for future road refurbishment. This fixed amount has been previously determined by Association vote and can not be changed or used for other purposes. $6,400/year.