COA Budget 

• TOTAL INCOME = $133,400.00
  (Assessment Receipts: 184 Homes @ $725)

• TRASH ($25.20 PER HOME PER MONTH) — $55641.60
  GFL is currently servicing our 184 homes.
• UTILITIES (ELECTRIC / WATER) — $3,000
  Watering of front sign areas, lighting of front sign areas and street lights on Blake Way.
• BUILDIUM BILLING SERVICES  — $7,000
  BUILDIUM is our current service for homeowner dues billing.
• GENERAL ADMINISTRATION COSTS – $3000                                                                                                              General administration costs such as Postage, GMail services for Board of Directors and ARC Committee members, general office supplies. etc. 
• IT MANAGEMENT — $5000                                                                                                                                                     Management of services related to IT Management including, but not limited to the website
• ATTORNEY FEES/RETAINER — $3,000
• Retainer is $220 per month which is $2,640 and the extra is for other fees associated with legal issues, including lien filings, lawsuits, etc. 
  
• COMMON AREA MAINTENANCE/VLM— $25,000
  Includes all of the mowing of common areas and upkeep of the retention ponds and front sign area, irrigation and lighting system maintenance, replacing the annuals and mulching the front sign area in the spring. VLM is currently our landscaping company.
• INSURANCE — $2,600
  Our HOA insurance policy is approximately $2,600 per year.
• BOOKKEEPER — $8,700
  $725 per month (bill payments, bank statement reconciliations, disclosure packages, billing statements for April and October billing cycles, late payment notifications, budget preparation annually, new homeowner processing, etc.)
• SHELTON’S RUN COMMUNITY ASSOCIATION FEES TO STATE OF VIRGINIA — $150
  Paid annually based on the number of homes in our community and the assessed rate by the state and the Department of Professional and Occupational Regulation.
• AUDIT & TAX RETURN — $2,200
  Billed by Uvena and Brown yearly at $2,200 — tax prep and filing and yearly audit.
• RETENTION POND INSPECTIONS — $2500.00 for 2025
  $350 per pond — 7 ponds. These inspections are conducted by Stafford County on a bi-annual basis or every other year. 
• CAPITAL IMPROVEMENT FUND — $10,000
  Improvements to the common areas such as fixing equipment at tot lot, cleaning fences and new pavilion annually and other capital improvements as approved by the Board of Directors.
• RESERVE ACCOUNT — $2,650
  Annual amount budgeted to the reserve account for catastrophic problems that can arise with the retention ponds, and common areas within the subdivision. These costs are the responsibility of the HOA. 
• COMMUNITY FUNCTIONS — $158.40
  Welcome Baskets for New Homeowners, October Community Picnic, etc.
• STORAGE RENTAL — $2,500
  $206 per month to store association materials, file cabinets, Christmas decorations, coolers, etc.

TOTAL EXPENSES: $133,400.00