Oak	Creek		Homeowners
2008  Budget
			Budget	vs.	Actual	Diff.
INCOME
	Assessments		$              64,800.00		$          64,800.00
	Clubhouse Rental		$                   600.00		$               855.00	255.00
	Interest		$                1,500.00		$            1,685.95	185.95
	Other		$                   500.00		$                 95.00	(405.00)
	Total Income		$    67,400.00		$ 67,435.95	35.95
EXPENSES
Administration
	Management Fee		$                7,560.00		$            7,560.00
	Office Expense		$                1,100.00		$               964.04	135.96
	Copies		$                   300.00		$               224.55	75.45
	Legal		$                   400.00		$               575.00	(175.00)
	Phone		$                   350.00		$               421.89	(71.89)
	Postage		$                   650.00		$               589.53	60.47
	Insurance		$                3,300.00		$            3,216.51	83.49
	Real Estate Tax		$                    50.00		$                 52.36	(2.36)
Sub-Total:			$              13,710.00		$          13,603.88	106.12
Pool
	Payroll		$              10,000.00		$          11,217.51	(1217.51)
	Payroll Tax		$                1,100.00		$               942.44	157.56
	Open/Close Pool		$                1,300.00		$            1,295.00	5.00
	Maint./supplies		$                1,000.00		$            2,789.04	(1789.04)
	Improvements/repairs		$                5,345.00	* *	$            3,888.74	4505.26
Sub-Total:			$              18,745.00		$          20,132.73	(1387.73)
Grounds
	Lawn Maintenance		$              10,860.00		$          10,860.00
	Improvements		$                5,500.00		$            3,405.50	2094.50
	Snow Removal		$                1,500.00		$            2,080.00	(580.00)
	Misc.		$                         -		$            2,678.96	(2678.96)
Sub-Total:			$              17,860.00		$          19,024.46	(1164.46)
Clubhouse
	Exterminating		$                   500.00		$               375.44	124.56
	Utilities		$                7,500.00		$            9,610.69	(2110.69)
	Janitorial		$                1,400.00		$            1,170.00	230.00
	Maintenance/repairs		$                3,000.00		$            1,751.92	1248.08
	Improvements		$                1,000.00		$               591.16	408.84
	Misc.		$                         -		$               175.60	(175.00)
Sub-Total			$              13,400.00		$          13,674.81	(274.81)
TOTAL EXPENSES			$    63,715.00		$ 66,435.88	(2720.88)
Proposed Net	Income 2008		$      3,685.00
Actual Net	Income 2008				$   1,000.07	(2684.93)
* *   Budgeted amount included well which was expensed under capital expenditures  * *
	but expensed here to show income / loss