Revenue			2011 Budget
		Dues-649 Owners x $42.00	$            27,258.00
		Dues Delinquencies 5%	(1,362.90)
		Delinquency Recoveries from Prior Yrs	1,500.00
		Contributions in Excess of Dues	1,000.00
		Title Company Letters/Fines	1,800.00
		Advertising	300.00
		Grass Cutting-Vacant Lots	300.00
		Picnic	500.00
		Pinnacle Dividend	0.00
		Interest	750.00
	Budgeted Revenue		$            32,045.10
Operating Expenses
		Liability Insurance	$                  800.00
		Association Professional Liability	2,600.00
		Work Compensation Insurance	300.00
		Mailings (dues/notices)	1,500.00
		Legal	4,000.00
		Tax Preparation and Review	450.00
		NEPCO Dues	80.00
		CAI Dues	150.00
		Annual Meeting Expense	500.00
		Post office box	28.00
		Bank Fees	50.00
		Office Supplies	100.00
		Financial Review	500.00
			$            11,058.00
Committee Expenses
		Welcome Packets	$                  300.00
		Directory	0.00
		Document Reproduction/Distribution	200.00
		Vacant Lot Mowing	300.00
		Roads, Signs & Ditches	3,000.00
		Web Site Support	100.00
		Architectural Control/Covenant Expense	200.00
		Eagles View Production	2,000.00
		Board Education	500.00
		Board Discretionary	300.00
			$               6,900.00
Community Programs
		Annual Garage Sale/ Clean Up	$               2,000.00
		Gleneagle People's Pride	200.00
		Blue ribbon yard awards	300.00
		Annual Barbecue/Picnic	2,500.00
		Christmas Lighting Award	200.00
		GCA Activities/Events	500.00
			$               5,700.00
Capital Improvements/Maintenance
		Trees/Landscaping in Common Areas	$               2,500.00
		Maintenance of Islands A & B	300.00
		Neighborhood Islands	2,500.00
		Common Area Mowing	2,500.00
		Entry Sign South Entrance	200.00
			$               8,000.00
Expenditures Before Income Taxes			$            31,658.00
		Income Taxes	$                           -
Budgeted Expenditures			$            31,658.00
		Operating (Deficit)/Surplus	387.10
	Beginning Year Surplus		13,568.84
	Transfer to Contingency/Capital Funds		0.00
Ending Surplus			$            13,955.94
Reserve Funds
	Contingency Fund		50,000.00
	Capital Project Fund		35,000.00
		Total Reserve Funds	$            85,000.00