0:4<\/p>\n
THIRD LA<\/p>\n
M<\/p>\n
u<\/p>\n
G<\/p>\n
UNA HILLS<\/p>\n
vl<\/p>\n
A<\/p>\n
L<\/p>\n
STAFF REPORT<\/p>\n
DATE:<\/p>\n
July 3, 2025<\/p>\n
FOR:<\/p>\n
Board of Directors<\/p>\n
SUBJECT: Executive Summary 2026 Business Plan \u2014 Version 1 to Version 2<\/p>\n
RECOMMENDATION<\/p>\n
Review and file.<\/p>\n
BACKGROUND<\/p>\n
The budget development process for the 2026 Business Plan commenced in early January<\/p>\n
2025. This structured approach provided a framework for Version 1 of the budget, which was<\/p>\n
presented and discussed during the May and June 2025 meetings. The Board offered guidance<\/p>\n
and direction on areas for revision and refinement. Based on this input, Version 2 of the budget<\/p>\n
has been developed to reflect the Board’s priorities and strategic objectives.<\/p>\n
DISCUSSION<\/p>\n
This summary outlines the progression of the budget from its initial Version 1 iteration to Version<\/p>\n
2, highlighting the adjustments made in response to Board feedback:<\/p>\n
LJ<\/p>\n
A decrease in Reserve Fund Contributions of ($1,063,451) to reprioritize allocations<\/p>\n
based on current operational needs.<\/p>\n
LJ<\/p>\n
A decrease in Restricted Fund Contributions of ($1,260,917) to meet organizational<\/p>\n
funding needs.<\/p>\n
FINANCIAL ANALYSIS<\/p>\n
The financial impact of Version 2 of the 2026 Business Plan results in a Third Basic Assessment<\/p>\n
of $647.67 PMPM, representing a decrease of ($32.56) compared to Version 1. Overall, the<\/p>\n
Version 2 reflects a 5.0% year over year increase when compared to the 2025 Business<\/p>\n
Plan. In comparison, the Version 1 plan reported a 10.3% year over year increase.<\/p>\n
2026 V1<\/p>\n
2026 V2<\/p>\n
Change<\/p>\n
Inc\/(Dec)<\/p>\n
| Third Basic Assessment | $680.23 | $647.67 | ($32.56) |<\/p>\n
Detailed information of proposed 2026 Business Plan is provided in the following pages.<\/p>\n
Prepared By:<\/p>\n
Jacob Ascencio, Financial Analyst<\/p>\n
Erika Hernandez, Assistant Financial Analyst<\/p>\n
Reviewed By:<\/p>\n
Steve Hormuth, Director of Financial Services<\/p>\n
Page 1 of 16
\nTHIS PAGE LEFT BLANK INTENTIONALLY<\/p>\n
Page 2 of 16
\n0:4<\/p>\n
THIRD LA<\/p>\n
M<\/p>\n
u<\/p>\n
G<\/p>\n
UNA HILLS<\/p>\n
vl<\/p>\n
A<\/p>\n
L<\/p>\n
STAFF REPORT<\/p>\n
DATE:<\/p>\n
July 3, 2025<\/p>\n
FOR:<\/p>\n
Board of Directors<\/p>\n
SUBJECT: Proposed 2026 Business Plan \u2014 Version 2<\/p>\n
RECOMMENDATION<\/p>\n
Staff recommends the Board review the Proposed 2026 Business Plan \u2014 Version 2 and provide<\/p>\n
direction for change or revision, if needed.<\/p>\n
BACKGROUND<\/p>\n
The Third Board held meetings in May and June to discuss Maintenance and Construction,<\/p>\n
General Services, and Landscape components of the proposed 2026 Business Plan. The<\/p>\n
purpose of the meetings was for the Board to review the proposed services levels for numerous<\/p>\n
components of the Business Plan and to provide direction for change or revision. Any changes<\/p>\n
resulting from feedback received has been incorporated into Version 2 of the 2026 Business<\/p>\n
Plan.<\/p>\n
On July 3, 2025, the Board is receiving Version 2 of the proposed budget, inclusive of any<\/p>\n
changes requested as of June 20″. Additionally, changes may be incorporated in the next<\/p>\n
version and are due to staff by July 23″. Version 3 of the proposed budget will be presented to<\/p>\n
the Board at a televised meeting on August 18. The proposed final Business Plan will be<\/p>\n
presented to the Board at their meeting on September 16, 2025.<\/p>\n
DISCUSSION<\/p>\n
BUSINESS PLAN SUMMARY<\/p>\n
Version 2 of the proposed budget for 2026 plan year (Attachment 1) shows that the sum of<\/p>\n
$47,426,744 is required by the Corporation to meet the Third Laguna Hills Mutual net<\/p>\n
operating expense and non-operating fund contributions along with the $591,516 in surcharges<\/p>\n
to units with common elevators and\/or Garden Villa Rec Rooms for the year 2026. In addition,<\/p>\n
the sum of $19,176,766 is required by the Corporation to meet the Golden Rain Foundation<\/p>\n
and Golden Rain Foundation Trust net operating expense and non-operating fund<\/p>\n
contributions for the year 2026. Therefore, a total of $67,195,027 is required to be collected<\/p>\n
from and paid by members of the Corporation as monthly assessments. The budget equates to<\/p>\n
a Total Basic Assessment of $309.57 per manor per month (PMPM), reflecting a net increase<\/p>\n
of $54.40 or 6.4% when compared to current year.<\/p>\n
Page 3 of 16
\nThird Laguna Hills Mutual<\/p>\n
2026 Business Plan – Version 2<\/p>\n
July 3, 2025<\/p>\n
Page 2<\/p>\n
Increase<\/p>\n
Increase<\/p>\n
2025<\/p>\n
2026<\/p>\n
(9)<\/p>\n
(%)<\/p>\n
Third Portion<\/p>\n
5.0%<\/p>\n
$616.98 | $647.67<\/p>\n
$30.69<\/p>\n
GRF Portion<\/p>\n
$238.19 | $261.90<\/p>\n
$23.71<\/p>\n
10.0%<\/p>\n
Total Basic Assessment<\/p>\n
$855.17 | $909.57<\/p>\n
$54.40<\/p>\n
6.4%<\/p>\n
Brief notations for line items with significant change ($0.50 PMPM) from current year are<\/p>\n
noted below as increases or (decreases) in the assessment, and listed in order of appearance<\/p>\n
on the proposed Business Plan by Account \u2014 Version 2 (Attachment 1):<\/p>\n
Revenues:<\/p>\n
Line 1: Fees and Charges to Residents decreased the assessment by $451,652 or ($6.17)<\/p>\n
PMPM due to an increasing trend of moisture intrusion events that are chargeable to residents<\/p>\n
An offset to the anticipated revenue is found in Line 14 as damage restoration expense is<\/p>\n
completed by outside vendors.<\/p>\n
Line 3: Miscellaneous decreased the assessment by $270,302 or ($3.70) PMPM primarily due<\/p>\n
to collection administrative fee revenue increasing as a result of the implementation of a new<\/p>\n
fee for accessing required escrow documents through a web-based portal. The fee is charged<\/p>\n
to external parties such as title companies, escrow agents, etc. Furthermore, the budget<\/p>\n
anticipates an increase in the annual electric vehicle plug-in fee.<\/p>\n
Expenses:<\/p>\n
Line 4: Employee Compensation increased by $1,014,061 or $13.85 PMPM primarily due to<\/p>\n
transitioning of grounds maintenance from an outside service to being performed using in-<\/p>\n
house labor. The transition necessitated the addition of 9 full-time equivalents in grounds<\/p>\n
maintenance. An offset can be found in Line 14. Planned wage adjustments also contributed to<\/p>\n
the overall increase. Moreover, various position vacancy factors across General Services and<\/p>\n
Maintenance and Construction were removed for 2026.<\/p>\n
Third<\/p>\n
2025 Employee Compensation<\/p>\n
$8,294,235<\/p>\n
New Headcount: 9.0 FTE Grounds Maintenance<\/p>\n
404,540<\/p>\n
331,769<\/p>\n
4% Salary Increase<\/p>\n
Additional FTE & Allocation (Vacancy Elim.)<\/p>\n
277,752<\/p>\n
2026 Employee Compensation<\/p>\n
$9,308,296<\/p>\n
Line 5: Expenses Related to Compensation increased by $447,682 or $6.11 PMPM primarily<\/p>\n
due to the increased staffing in grounds maintenance and planned wage adjustment.<\/p>\n
Additionally, medical insurance is anticipated to increase as well as worker’s compensation<\/p>\n
insurance based on actuarial estimates.<\/p>\n
Line 7: Electricity increased by $80,970 or $1.11 PMPM based on current consumption and an<\/p>\n
anticipated rate increase published on the Southern California Edison website.<\/p>\n
Line 8-9: Sewer & Water increased by $566,263 or $7.74 PMPM based on current<\/p>\n
consumption and published rate increases.<\/p>\n
Page 4 of 16
\nThird Laguna Hills Mutual<\/p>\n
2026 Business Plan – Version 2<\/p>\n
July 3, 2025<\/p>\n
Page 3<\/p>\n
Line 10: Trash increased by $140,233 or $1.91 PMPM based on current rates plus a 4% CPI<\/p>\n
increase as recommended by CR&R.<\/p>\n
Line 14: Outside Services decreased by ($389,803) or ($5.33) PMPM primarily due to the<\/p>\n
transition of grounds maintenance in grounds maintenance from outside services to in-house<\/p>\n
labor. An offset can be found in Line 4. The overall decrease in Outside Services is partially<\/p>\n
offset by an increase in damage restoration expenses due to an increasing trend of moisture<\/p>\n
intrusion events. This expense is chargeable to residents and an offset is found in Line 1.<\/p>\n
Line 18: Insurance increased by $234,545 or $3.21 PMPM due to an anticipated increase in<\/p>\n
hazard & liability insurance premiums as a result of unfavorable market conditions.<\/p>\n
Line 19: Property Insurance decreased by ($300,532) or ($4.10) PMPM due to lower<\/p>\n
anticipated premiums as a result of favorable market conditions for property insurance.<\/p>\n
Line 20: Uncollectable Accounts decreased by ($40,000) or ($0.55) PMPM to reflect recent<\/p>\n
trends and favorable collection activity of long-term unpaid assessments and chargeable<\/p>\n
services.<\/p>\n
Line 22-24: Reserve Fund Contributions increased by $879,054 or $12.00 PMPM. For Version<\/p>\n
2, the Reserve Fund contributions are budgeted to increase to $181.87 PMPM. Reserves<\/p>\n
provide the funding necessary to maintain, repair, replace, or restore structural elements,<\/p>\n
mechanical equipment, elevator components, and laundry facilities equipment within the<\/p>\n
mutual. Third anticipates these costs and prepares for future expenditures based on a 30-year<\/p>\n
reserves plan. A contracted reserve study is underway and staff will utilize information from the<\/p>\n
study, input from the Board, and projections of future expenditures to recommend a reserve<\/p>\n
contribution amount in a later version of the 2026 Business Plan.<\/p>\n
Line 25: Restricted Fund Contribution \u2014 Disaster Fund proposed no change from the $11.53<\/p>\n
PMPM included in the 2025 Business Plan.<\/p>\n
Line 26: Restricted Fund Contribution \u2014 Unappropriated Expenditures Fund increased by<\/p>\n
$311,202 or $4.25 PMPM. The Board may consider revising the contribution to impact overall<\/p>\n
assessments.<\/p>\n
Line 27-29: GRF Operating, Reserve, and Contingency Contribution for Version 2, GRF shows<\/p>\n
an overall increase of $1,736,377 or $23.71 PMPM. GRF reviewed Version 2 of each<\/p>\n
department’s budget at their meeting held on May 28.<\/p>\n
FINANCIAL ANALYSIS<\/p>\n
The financial impact of this proposed Business Plan would be a Third Basic Assessment of<\/p>\n
$647.67 PMPM, an increase of $30.69 or 5.0%. Including the GRF contributions, the<\/p>\n
proposed Total Basic Assessment is $909.57 PMPM, an increase of $54.40 or 6.4%.<\/p>\n
Prepared By:<\/p>\n
Jacob Ascencio, Financial Analyst<\/p>\n
Erika Hernandez, Assistant Financial Analyst<\/p>\n
Reviewed By:<\/p>\n
Steve Hormuth, Director of Financial Services<\/p>\n
Page 5 of 16
\nThird Laguna Hills Mutual<\/p>\n
2026 Business Plan – Version 2<\/p>\n
July 3, 2025<\/p>\n
Page 4<\/p>\n
ATTACHMENT(S)<\/p>\n
Attachment 1: 2026 Third Business Plan by Account<\/p>\n
Attachment 2: 2026 Third Business Plan by Department<\/p>\n
Attachment 3: 2026 Third Budget Comparison Report \u2014 Operating<\/p>\n
Attachment 4: 2026 Third Budget Comparison Report \u2014 by Fund<\/p>\n
Attachment 5: Proposed 2026 Programs Report<\/p>\n
Page 6 of 16
\nAttachment 1<\/p>\n
THIRD LAGU<\/p>\n
\u2014M U<\/p>\n
I<\/p>\n
u<\/p>\n
NA HILLS<\/p>\n
2026 BUSINESS PLAN – BY ACCOUNT<\/p>\n
ASSESSMENT<\/p>\n
2025<\/p>\n
2026<\/p>\n
Per Manor Per Month<\/p>\n
DESCRIPTION<\/p>\n
PLAN<\/p>\n
PLAN<\/p>\n
2025<\/p>\n
2026<\/p>\n
Change<\/p>\n
re wm “ie<\/p>\n
OPERATING REVENUES<\/p>\n
Non-Assessment Revenues<\/p>\n
1<\/p>\n
Fees and Charges to Residents<\/p>\n
$1,014,958<\/p>\n
$13.86<\/p>\n
($6.17)<\/p>\n
2<\/p>\n
Laundry Revenue<\/p>\n
209,000<\/p>\n
2.85<\/p>\n
(0.02)<\/p>\n
3<\/p>\n
Miscellaneous<\/p>\n
9.44<\/p>\n
691,595<\/p>\n
(3.70)<\/p>\n
Total Revenue<\/p>\n
$1,915,553<\/p>\n
$26.15<\/p>\n
($9.89)<\/p>\n
OPERATING EXPENSES<\/p>\n
Employee Compensation<\/p>\n
$8,294,235<\/p>\n
$113.27<\/p>\n
$13.85<\/p>\n
47.94<\/p>\n
6.11<\/p>\n
Expenses Related to Compensation<\/p>\n
3,510,125<\/p>\n
Material and Supplies<\/p>\n
841,567<\/p>\n
11.49<\/p>\n
0.43<\/p>\n
Electricity<\/p>\n
466,784<\/p>\n
6.37<\/p>\n
1.11<\/p>\n
Sewer<\/p>\n
25.06<\/p>\n
1.90<\/p>\n
1,835,202<\/p>\n
Water<\/p>\n
3,302,796<\/p>\n
46.33<\/p>\n
5.84<\/p>\n
10<\/p>\n
Trash<\/p>\n
1,671,670<\/p>\n
22.83<\/p>\n
1.91<\/p>\n
1″<\/p>\n
Legal Fees<\/p>\n
391,660<\/p>\n
5.35<\/p>\n
(0.32)<\/p>\n
12<\/p>\n
Professional Fees<\/p>\n
182,297<\/p>\n
2.49<\/p>\n
0.22<\/p>\n
13<\/p>\n
0.12<\/p>\n
0.04<\/p>\n
Equipment Rental<\/p>\n
8778<\/p>\n
14<\/p>\n
Outside Services<\/p>\n
2,455,708<\/p>\n
33.54<\/p>\n
(5.33)<\/p>\n
15<\/p>\n
Repairs and Maintenance<\/p>\n
5,022<\/p>\n
0.07<\/p>\n
(0.02)<\/p>\n
16<\/p>\n
223<\/p>\n
0.00<\/p>\n
Other Operating Expense<\/p>\n
17<\/p>\n
Income Tax<\/p>\n
fez?<\/p>\n
0.00<\/p>\n
0.00<\/p>\n
18<\/p>\n
Insurance<\/p>\n
1,332,000<\/p>\n
18.19<\/p>\n
3.21<\/p>\n
19<\/p>\n
Property Insurance<\/p>\n
7,300,000<\/p>\n
99.69<\/p>\n
(4.10)<\/p>\n
20<\/p>\n
Uncollectible Accounts<\/p>\n
120,000<\/p>\n
1.64<\/p>\n
(0.55)<\/p>\n
21<\/p>\n
Cost Allocations<\/p>\n
1,327,472<\/p>\n
18.13<\/p>\n
0.03<\/p>\n
Total Expense<\/p>\n
$33,298,483<\/p>\n
$454.74<\/p>\n
$24.33<\/p>\n
RESERVE CONTRIBUTIONS<\/p>\n
22<\/p>\n
Replacement Fund<\/p>\n
$12,437,463<\/p>\n
$169.86<\/p>\n
$12.00<\/p>\n
23<\/p>\n
Elevator Replacement Fund<\/p>\n
366,120<\/p>\n
5.00<\/p>\n
0.00<\/p>\n
24<\/p>\n
2.00<\/p>\n
0.00<\/p>\n
Laundry Replacement Fund<\/p>\n
146,448<\/p>\n
Total Reserve Contribution<\/p>\n
$12,950,031<\/p>\n
$176.86<\/p>\n
$12.00<\/p>\n
RESTRICTED CONTRIBUTIONS<\/p>\n
25<\/p>\n
Disaster Fund<\/p>\n
$844,273<\/p>\n
$11.53<\/p>\n
$0.00<\/p>\n
26<\/p>\n
0<\/p>\n
0.00<\/p>\n
4.25<\/p>\n
Unappropriated Expenditures Fund<\/p>\n
Total Restricted Contribution<\/p>\n
$844,273<\/p>\n
$11.53<\/p>\n
$4.25<\/p>\n
Total Reserve\/Restricted Contribution<\/p>\n
$13,794,304<\/p>\n
[$14,984,559 $188.39 | $204.64 $16.25<\/p>\n
TOTAL MUTUAL<\/p>\n
$45,177,234<\/p>\n
| $47,426,744 $616.98 | $647.67 | $30.69<\/p>\n
GOLDEN RAIN FOUNDATION<\/p>\n
27<\/p>\n
$16,195,581<\/p>\n
$221.19<\/p>\n
$16.71<\/p>\n
GRF Operating<\/p>\n
28<\/p>\n
GRF Reserve Contributions<\/p>\n
17.00<\/p>\n
6.50<\/p>\n
29<\/p>\n
GRF Contingency Contributions<\/p>\n
1244808<\/p>\n
0.00<\/p>\n
0.50<\/p>\n
Total GRF<\/p>\n
$17,440,389<\/p>\n
$238.19<\/p>\n
$23.71<\/p>\n
TOTAL BASIC ASSESSMENT<\/p>\n
SURCHARGES (unique to manors with common elevators and\/or Garden Villa recreation rooms)<\/p>\n
30<\/p>\n
Elevator Operating<\/p>\n
$404,524<\/p>\n
$18.25<\/p>\n
$3.73<\/p>\n
31<\/p>\n
Garden Villa Recreation Room Fund<\/p>\n
96,876<\/p>\n
6.50<\/p>\n
0.50<\/p>\n
$501,400<\/p>\n
$24.75<\/p>\n
$4.23<\/p>\n
TOTAL BUSINESS PLAN<\/p>\n
$63,119,023<\/p>\n
$67,195,027<\/p>\n
$69,578,809<\/p>\n
(52,383,783)<\/p>\n
\\grf-Iw.internaldepartmentsBUDBud26Mutuals2026 Business Plan – Third<\/p>\n
Version 2<\/p>\n
Page 7 of 16
\nAttachment 2<\/p>\n
THIRD LAGUNA HILLS<\/p>\n
MU TU A<\/p>\n
L<\/p>\n
2026 BUSINESS PLAN – BY DEPARTMENT<\/p>\n
ASSESSMENT<\/p>\n
2025<\/p>\n
2026<\/p>\n
Per Manor Per Month<\/p>\n
DESCRIPTION<\/p>\n
PLAN<\/p>\n
PLAN<\/p>\n
2025<\/p>\n
2026<\/p>\n
Change<\/p>\n
A<\/p>\n
OPERATING<\/p>\n
Office of the CEO<\/p>\n
$440,079<\/p>\n
$6.01<\/p>\n
(80.63)<\/p>\n
Information Services<\/p>\n
505,205<\/p>\n
6.90<\/p>\n
0.49<\/p>\n
General Services<\/p>\n
13.26<\/p>\n
0.28<\/p>\n
971,021<\/p>\n
Financial Services<\/p>\n
804,376<\/p>\n
10.99<\/p>\n
0.18,<\/p>\n
Security Services<\/p>\n
489,064<\/p>\n
6.68<\/p>\n
0.34<\/p>\n
92.27<\/p>\n
3.63<\/p>\n
Landscaping Services<\/p>\n
6,756,600<\/p>\n
Human Resource Services<\/p>\n
88,901<\/p>\n
1.21<\/p>\n
0.12<\/p>\n
7a<\/p>\n
Insurance<\/p>\n
8,632,090<\/p>\n
117.89<\/p>\n
(0.93)<\/p>\n
Maintenance and Construction<\/p>\n
71.98<\/p>\n
3.27<\/p>\n
5,270,741<\/p>\n
Non Work Center<\/p>\n
7,424,853<\/p>\n
101.40<\/p>\n
7.69<\/p>\n
Net Operating<\/p>\n
$31,382,930<\/p>\n
$428.59<\/p>\n
$14.44<\/p>\n
RESERVE CONTRIBUTIONS<\/p>\n
10<\/p>\n
Replacement Fund<\/p>\n
$12,437,463<\/p>\n
$169.86<\/p>\n
$12.00<\/p>\n
1<\/p>\n
5.00<\/p>\n
0.00<\/p>\n
Elevator Replacement Fund<\/p>\n
366,120<\/p>\n
12<\/p>\n
Laundry Replacement Fund<\/p>\n
146,448<\/p>\n
2.00<\/p>\n
0.00<\/p>\n
Total Reserve Contribution<\/p>\n
$12,950,031<\/p>\n
$176.86<\/p>\n
$12.00<\/p>\n
RESTRICTED CONTRIBUTIONS<\/p>\n
13<\/p>\n
Disaster Fund<\/p>\n
$11.53<\/p>\n
$0.00<\/p>\n
14<\/p>\n
seaa27s<\/p>\n
0.00<\/p>\n
4.25<\/p>\n
Unappropriated Expenditures Fund<\/p>\n
Total Restricted Contribution<\/p>\n
$844,273<\/p>\n
uh<\/p>\n
$11.53<\/p>\n
$4.25<\/p>\n
i<\/p>\n
Total Reserve\/Restricted Contribution<\/p>\n
$13,794,304<\/p>\n
[STASE4SE0] SiEess [SAGA $1625 SWAGG0Z $263 (2326369) (317A<\/p>\n
TOTAL MUTUAL<\/p>\n
$45,177,234<\/p>\n
[isaTazs an] sotoss [SATST s3080<\/p>\n
|$49.810527 $680.23 ($2,383,783) ($32.56)<\/p>\n
GOLDEN RAIN FOUNDATION<\/p>\n
15<\/p>\n
GRF Operating<\/p>\n
$16,195,581<\/p>\n
$221.19<\/p>\n
$16.71<\/p>\n
16<\/p>\n
GRF Reserve Contributions<\/p>\n
17.00<\/p>\n
6.50<\/p>\n
17<\/p>\n
GRF Contingency Contributions<\/p>\n
1 244.808<\/p>\n
0.00<\/p>\n
0.50<\/p>\n
Total GRF<\/p>\n
$17,440,389<\/p>\n
$238.19<\/p>\n
$23.71<\/p>\n
TOTAL BASIC ASSESSMENT<\/p>\n
SURCHARGES (unique to manors with common elevators and\/or Garden Villa recreation rooms)<\/p>\n
18<\/p>\n
Elevator Operating<\/p>\n
$404,524<\/p>\n
$18.25<\/p>\n
$3.73<\/p>\n
19<\/p>\n
Garden Villa Recreation Room Fund<\/p>\n
96,876<\/p>\n
6.50<\/p>\n
0.50<\/p>\n
$501,400<\/p>\n
$24.75<\/p>\n
$4.23<\/p>\n
Ee<\/p>\n
TOTAL BUSINESS PLAN<\/p>\n
$63,119,023<\/p>\n
$67,195,027<\/p>\n
$69,578,809<\/p>\n
($2,383,783)<\/p>\n
\\grf-Iw.internaldepartmentsBUDBud26Mutuals2026 Business Plan – Third<\/p>\n
Version 2<\/p>\n
Page 8 of 16
\nAttachment 3<\/p>\n
Third Laguna Hills Mutual<\/p>\n
Budget Comparison Report by Account<\/p>\n
12\/31\/2026<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
Assessment<\/p>\n
Increase\/<\/p>\n
2022 Actuals<\/p>\n
2023 Actuals<\/p>\n
2024 Actuals<\/p>\n
2025 Budget<\/p>\n
2026 Budget<\/p>\n
(Decrease)<\/p>\n
VAR %<\/p>\n
Non-Assessment Revenues:<\/p>\n
Fees and Charges for Services to Residents<\/p>\n
46501000 – Permit Fee<\/p>\n
$281,100<\/p>\n
$240,937<\/p>\n
$168,597<\/p>\n
$285,550<\/p>\n
$199,885<\/p>\n
$85,665<\/p>\n
30%<\/p>\n
46501500 – Inspection Fee<\/p>\n
80,346<\/p>\n
70,355<\/p>\n
121,969<\/p>\n
154,519<\/p>\n
254,783<\/p>\n
(100,263)<\/p>\n
(65%)<\/p>\n
46502000 – Resident Maintenance Fee<\/p>\n
723,651<\/p>\n
412,929<\/p>\n
1,023,838<\/p>\n
574,889<\/p>\n
1,011,718<\/p>\n
(436,829)<\/p>\n
(76%)<\/p>\n
46502999 – Resident Maintenance Fee Backlog<\/p>\n
0<\/p>\n
881,537<\/p>\n
1,104,888<\/p>\n
0<\/p>\n
0<\/p>\n
0<\/p>\n
0%<\/p>\n
Total Fees and Charges for Services to Residents<\/p>\n
1,085,098<\/p>\n
1,605,758<\/p>\n
2,419,291<\/p>\n
1,014,958<\/p>\n
1,466,386<\/p>\n
(451,427)<\/p>\n
(44%)<\/p>\n
Laundry<\/p>\n
0%<\/p>\n
46005000 – Coin Op Laundry Machine<\/p>\n
213,498<\/p>\n
210,912<\/p>\n
211,477<\/p>\n
209,000<\/p>\n
210,000<\/p>\n
(1,000)<\/p>\n
Total Laundry<\/p>\n
213,498<\/p>\n
210,912<\/p>\n
211,477<\/p>\n
209,000<\/p>\n
210,000<\/p>\n
(1,000)<\/p>\n
0%<\/p>\n
Investment Income<\/p>\n
49001000 – Investment Income – Nondiscretionary<\/p>\n
(19)<\/p>\n
12,572<\/p>\n
0%<\/p>\n
Total Investment Income<\/p>\n
(19)<\/p>\n
12,572<\/p>\n
0%<\/p>\n
Miscellaneous<\/p>\n
46004500 – Resident Violations<\/p>\n
23,750<\/p>\n
6,226<\/p>\n
4,500<\/p>\n
27,565<\/p>\n
26,688<\/p>\n
877<\/p>\n
3%<\/p>\n
44501000 – Additional Occupant Fee<\/p>\n
29,230<\/p>\n
43,405<\/p>\n
47,750<\/p>\n
51,780<\/p>\n
47,739<\/p>\n
8%<\/p>\n
44501510 – Lease Processing Fee – Third<\/p>\n
267,410<\/p>\n
267,450<\/p>\n
257,910<\/p>\n
250,000<\/p>\n
250,000<\/p>\n
4012<\/p>\n
0%<\/p>\n
44502000 – Variance Processing Fee<\/p>\n
4,050<\/p>\n
2,700<\/p>\n
4,500<\/p>\n
2,550<\/p>\n
2,550<\/p>\n
0<\/p>\n
0%<\/p>\n
44502500 – Non-Sale Transfer Fee – Third<\/p>\n
0<\/p>\n
0%<\/p>\n
1,950<\/p>\n
2,000<\/p>\n
2,650<\/p>\n
3,000<\/p>\n
3,000<\/p>\n
44503520 – Resale Processing Fee – Third<\/p>\n
172,704<\/p>\n
148,288<\/p>\n
144,298<\/p>\n
163,200<\/p>\n
163,200<\/p>\n
0<\/p>\n
0%<\/p>\n
44505500 – Hoa Certification Fee<\/p>\n
10,860<\/p>\n
3,915<\/p>\n
4,610<\/p>\n
5,500<\/p>\n
5,720<\/p>\n
(220)<\/p>\n
(4%)<\/p>\n
44507000 – Golf Cart Electric Fee<\/p>\n
60,883<\/p>\n
65,324<\/p>\n
64,499<\/p>\n
66,000<\/p>\n
97,000<\/p>\n
(31,000)<\/p>\n
(47%)<\/p>\n
44507200 – Electric Vehicle Plug-In Fee<\/p>\n
13,687<\/p>\n
23,215<\/p>\n
34,768<\/p>\n
23,000<\/p>\n
145,000<\/p>\n
(530%)<\/p>\n
44507500 – Cartport Space Rental Fee<\/p>\n
3,360<\/p>\n
3,753<\/p>\n
4,200<\/p>\n
4,000<\/p>\n
4,000<\/p>\n
(122,000<\/p>\n
0%<\/p>\n
47001000 – Cash Discounts – Accounts Payable<\/p>\n
32,788<\/p>\n
0<\/p>\n
0%<\/p>\n
47001500 – Late Fee Revenue<\/p>\n
89,452<\/p>\n
73,510<\/p>\n
88,897<\/p>\n
75000<\/p>\n
80,000<\/p>\n
(2,000)<\/p>\n
(3%)<\/p>\n
47002020 – Collection Administrative Fee – Third<\/p>\n
25<\/p>\n
7,375<\/p>\n
1,000<\/p>\n
128,000<\/p>\n
(127,000)<\/p>\n
(12700%)<\/p>\n
47002500 – Collection Interest Revenue<\/p>\n
Ps<\/p>\n
39<\/p>\n
271<\/p>\n
12,000<\/p>\n
4,000<\/p>\n
8,000<\/p>\n
67%<\/p>\n
47501000 – Recycling<\/p>\n
4,722<\/p>\n
5,972<\/p>\n
5,263<\/p>\n
(25%)<\/p>\n
49009000 – Miscellaneous Revenue<\/p>\n
35<\/p>\n
4.000<\/p>\n
5,000<\/p>\n
(1,000<\/p>\n
0%<\/p>\n
(762)<\/p>\n
(264)<\/p>\n
Total Miscellaneous<\/p>\n
680,849<\/p>\n
645,857<\/p>\n
704,015<\/p>\n
691,596<\/p>\n
961,897<\/p>\n
(270,301)<\/p>\n
(39%)<\/p>\n
Total Non-Assessment Revenue<\/p>\n
1,979,445<\/p>\n
2,462,508<\/p>\n
3,347,355<\/p>\n
1,915,554<\/p>\n
2,638,282<\/p>\n
(722,728)<\/p>\n
(38%)<\/p>\n
Expenses:<\/p>\n
Employee Compensation<\/p>\n
51011000 – Salaries & Wages – Regular<\/p>\n
2,874,297<\/p>\n
2,893,425<\/p>\n
3,149,536<\/p>\n
3,430,280<\/p>\n
3,773,863<\/p>\n
343,583<\/p>\n
10%<\/p>\n
51021000 – Union Wages – Regular<\/p>\n
3,301,302<\/p>\n
3,231,883<\/p>\n
3,370,490<\/p>\n
3,900,698<\/p>\n
4,464,896<\/p>\n
564,198<\/p>\n
14%<\/p>\n
151<\/p>\n
1%<\/p>\n
51041000 – Wages – Overtime<\/p>\n
35,049<\/p>\n
25,815<\/p>\n
63,896<\/p>\n
16,616<\/p>\n
16,767<\/p>\n
51051000 – Union Wages – Overtime<\/p>\n
53,512<\/p>\n
57,699<\/p>\n
65,143<\/p>\n
38,753<\/p>\n
46,101<\/p>\n
7,349<\/p>\n
9%<\/p>\n
51061000 – Holiday & Vacation<\/p>\n
695,033<\/p>\n
645,421<\/p>\n
784,448<\/p>\n
618,345<\/p>\n
692,386<\/p>\n
74,041<\/p>\n
12%<\/p>\n
51071000 – Sick<\/p>\n
195,882<\/p>\n
225,145<\/p>\n
185,347<\/p>\n
252,220<\/p>\n
282,421<\/p>\n
30,200<\/p>\n
12%<\/p>\n
51091000 – Missed Meal Penalty<\/p>\n
4,286<\/p>\n
3,455<\/p>\n
2,925<\/p>\n
1,948<\/p>\n
1,604<\/p>\n
(344)<\/p>\n
(18%)<\/p>\n
51101000 – Temporary Help<\/p>\n
76,392<\/p>\n
133,694<\/p>\n
333,662<\/p>\n
(14%)<\/p>\n
51981000 – Compensation Accrual<\/p>\n
(5,434)<\/p>\n
4,549<\/p>\n
61,963<\/p>\n
35378<\/p>\n
30,258<\/p>\n
6119<\/p>\n
0%<\/p>\n
Total Employee Compensation<\/p>\n
7,230,320<\/p>\n
7,221,087<\/p>\n
8,017,410<\/p>\n
8,294,234<\/p>\n
9,308,296<\/p>\n
1,014,061<\/p>\n
2%<\/p>\n
Compensation Related<\/p>\n
52411000 – F.I.C.A.<\/p>\n
12%<\/p>\n
532,289<\/p>\n
527,264<\/p>\n
559,273<\/p>\n
621,913<\/p>\n
698,440<\/p>\n
76,527<\/p>\n
52421000 – F.|<\/p>\n
6,473<\/p>\n
6,199<\/p>\n
5,988<\/p>\n
7,645<\/p>\n
8,342<\/p>\n
697<\/p>\n
9%<\/p>\n
52431000 – S.<\/p>\n
I<\/p>\n
32,380<\/p>\n
30,072<\/p>\n
30,016<\/p>\n
38,979<\/p>\n
41,710<\/p>\n
2,731<\/p>\n
7%<\/p>\n
52441000 – Union Medical<\/p>\n
1,265,109<\/p>\n
1,239,715<\/p>\n
1,245,757<\/p>\n
1,336,473<\/p>\n
1,499,132<\/p>\n
162,659<\/p>\n
12%<\/p>\n
16%<\/p>\n
52451000 – Workers’ Compensation Insurance<\/p>\n
505,552<\/p>\n
632,658<\/p>\n
349,575<\/p>\n
513,999<\/p>\n
598,468<\/p>\n
84,469<\/p>\n
52461000 – Non Union Medical & Life Insurance<\/p>\n
353,760<\/p>\n
337,007<\/p>\n
331,854<\/p>\n
404,133<\/p>\n
469,913<\/p>\n
65,780<\/p>\n
6%<\/p>\n
52471000 – Union Retirement Plan<\/p>\n
333,571<\/p>\n
346,365<\/p>\n
371,486<\/p>\n
436,238<\/p>\n
477,361<\/p>\n
41,123<\/p>\n
9%<\/p>\n
52481000 – Non-Union Retirement Plan<\/p>\n
74,794<\/p>\n
88,840<\/p>\n
96,332<\/p>\n
150,745<\/p>\n
164,441<\/p>\n
13,697<\/p>\n
9%<\/p>\n
52981000 – Compensation Related Accrual<\/p>\n
(1,005)<\/p>\n
1,092<\/p>\n
7,593<\/p>\n
0<\/p>\n
0<\/p>\n
0<\/p>\n
0%<\/p>\n
Total Compensation Related<\/p>\n
3,102,923<\/p>\n
3,209,211<\/p>\n
2,997,873<\/p>\n
3,510,125<\/p>\n
3,957,807<\/p>\n
447,682<\/p>\n
13%<\/p>\n
Materials and Supplies<\/p>\n
53001000 – Materials & Supplies<\/p>\n
330,558<\/p>\n
423,794<\/p>\n
346,343<\/p>\n
499,066<\/p>\n
535,133<\/p>\n
36,066<\/p>\n
7%<\/p>\n
53003000 – Materials Direct<\/p>\n
442,603<\/p>\n
(1%)<\/p>\n
53003500 – Materials Direct – Grf<\/p>\n
s01,134<\/p>\n
427, os<\/p>\n
808<\/p>\n
338,791<\/p>\n
335322<\/p>\n
(3469<\/p>\n
0%<\/p>\n
53004000 – Freight<\/p>\n
1,604<\/p>\n
1,921<\/p>\n
2,156<\/p>\n
3,710<\/p>\n
2,672<\/p>\n
(1,038)<\/p>\n
(28%)<\/p>\n
Total Materials and Supplies<\/p>\n
833,296<\/p>\n
852,758<\/p>\n
791,910<\/p>\n
841,567<\/p>\n
873,127<\/p>\n
31,559<\/p>\n
4%<\/p>\n
Community Events<\/p>\n
53201000 – Community Events<\/p>\n
806<\/p>\n
1,400<\/p>\n
1,400<\/p>\n
0%<\/p>\n
806<\/p>\n
0%<\/p>\n
Total Community Events<\/p>\n
1,400<\/p>\n
1,400<\/p>\n
Utilities and Telephone<\/p>\n
OPERATING FUND ONLY<\/p>\n
Version 2<\/p>\n
Page 9 of 16
\nAttachment 3<\/p>\n
Third Laguna Hills Mutual<\/p>\n
Budget Comparison Report by Account<\/p>\n
12\/31\/2026<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
Assessment<\/p>\n
Increase\/<\/p>\n
2022 Actuals<\/p>\n
2023 Actuals<\/p>\n
2024 Actuals<\/p>\n
2025 Budget<\/p>\n
2026 Budget<\/p>\n
(Decrease)<\/p>\n
VAR %<\/p>\n
53301000 – Electricity<\/p>\n
618,611<\/p>\n
444,557<\/p>\n
484,119<\/p>\n
466,784<\/p>\n
547,754<\/p>\n
80,970<\/p>\n
7%<\/p>\n
53301500 – Sewer<\/p>\n
1,680,160<\/p>\n
1,494,098<\/p>\n
1,695,993<\/p>\n
1,835,292<\/p>\n
1,974,170<\/p>\n
138,878<\/p>\n
8%<\/p>\n
53302000 – Water<\/p>\n
2,895,128<\/p>\n
2,752,049<\/p>\n
3,167,625<\/p>\n
3,392,796<\/p>\n
3,820,181<\/p>\n
427,385<\/p>\n
13%<\/p>\n
53302500 – Trash<\/p>\n
8%<\/p>\n
678,406<\/p>\n
53304000 – Telephone<\/p>\n
4,244<\/p>\n
L079,534<\/p>\n
1,528,891<\/p>\n
1671670<\/p>\n
1,811,903<\/p>\n
10232<\/p>\n
0%<\/p>\n
Total Utilities and Telephone<\/p>\n
5,876,549<\/p>\n
5,770,618<\/p>\n
6,876,628<\/p>\n
7,366,542<\/p>\n
8,154,008<\/p>\n
787,465<\/p>\n
11%<\/p>\n
Legal Fees<\/p>\n
53401500 – Legal Fees<\/p>\n
268,778<\/p>\n
475,459<\/p>\n
399,603<\/p>\n
409,993<\/p>\n
18,332<\/p>\n
5%<\/p>\n
53401550 – Legal Fees Contra<\/p>\n
(70,655)<\/p>\n
(21,520)<\/p>\n
(69,971)<\/p>\n
391,660<\/p>\n
(42,000)<\/p>\n
(42,000)<\/p>\n
0%<\/p>\n
Total Legal Fees<\/p>\n
198,124<\/p>\n
453,939<\/p>\n
329,633<\/p>\n
391,660<\/p>\n
367,993<\/p>\n
(23,668)<\/p>\n
(6%)<\/p>\n
Professional Fees<\/p>\n
0%<\/p>\n
53402000 – Audit & Tax Preparation Fees<\/p>\n
5,878<\/p>\n
3,943<\/p>\n
53402020 – Audit & Tax Preparation Fees – Third<\/p>\n
42,500<\/p>\n
50,900<\/p>\n
478<\/p>\n
54, 500<\/p>\n
55,700<\/p>\n
1200<\/p>\n
2%<\/p>\n
53403500 – Consulting Fees<\/p>\n
26,991<\/p>\n
11,866<\/p>\n
14,205<\/p>\n
12,797<\/p>\n
10,926<\/p>\n
(1,871)<\/p>\n
(15%)<\/p>\n
41,600<\/p>\n
8,600<\/p>\n
47,323<\/p>\n
115,000<\/p>\n
132,000<\/p>\n
17,000<\/p>\n
15%<\/p>\n
53403520 – Consulting Fees – Third<\/p>\n
Total Professional Fees<\/p>\n
116,969<\/p>\n
75,309<\/p>\n
109,003<\/p>\n
182,297<\/p>\n
198,626<\/p>\n
16,329<\/p>\n
9%<\/p>\n
Equipment Rental<\/p>\n
53501500 – Equipment Rental\/Lease Fees<\/p>\n
6,437<\/p>\n
6,830<\/p>\n
11,163<\/p>\n
8,778<\/p>\n
11,845<\/p>\n
3,067<\/p>\n
5%<\/p>\n
Total Equipment Rental<\/p>\n
6,437<\/p>\n
6,830<\/p>\n
11,163<\/p>\n
8,778<\/p>\n
11,845<\/p>\n
3,067<\/p>\n
35%<\/p>\n
Outside Services<\/p>\n
53601000 – Bank Fees<\/p>\n
32,792<\/p>\n
11,850<\/p>\n
11,823<\/p>\n
13,752<\/p>\n
13,752<\/p>\n
0<\/p>\n
0%<\/p>\n
53601500 – Credit Card Transaction Fees<\/p>\n
14,163<\/p>\n
15,497<\/p>\n
14,846<\/p>\n
16,000<\/p>\n
15,000<\/p>\n
(1,000)<\/p>\n
(6%)<\/p>\n
54603500 – Outside Services CC<\/p>\n
1,914,552<\/p>\n
2,299,534<\/p>\n
2,209,527<\/p>\n
2,252,373<\/p>\n
1,894,405<\/p>\n
(357,968)<\/p>\n
(16%)<\/p>\n
53704000 – Outside Services<\/p>\n
150,387<\/p>\n
137,851<\/p>\n
129,780<\/p>\n
173,583<\/p>\n
142,748<\/p>\n
(30,835)<\/p>\n
(18%)<\/p>\n
Total Outside Services<\/p>\n
2,111,894<\/p>\n
2,464,731<\/p>\n
2,365,976<\/p>\n
2,455,707<\/p>\n
2,065,904<\/p>\n
(389,803)<\/p>\n
(16%)<\/p>\n
Repairs and Maintenance<\/p>\n
53701000 – Equipment Repair & Maint<\/p>\n
1,844<\/p>\n
1,194<\/p>\n
372<\/p>\n
5,022<\/p>\n
3,888<\/p>\n
(23%)<\/p>\n
53702500 – Building Repair & Maint<\/p>\n
11,323<\/p>\n
139<\/p>\n
0%<\/p>\n
53703000 – Elevator \/Lift Maintenance<\/p>\n
335.700<\/p>\n
390,036<\/p>\n
24180<\/p>\n
404, 529<\/p>\n
47180<\/p>\n
82,664<\/p>\n
0%<\/p>\n
Total Repairs and Maintenance<\/p>\n
337,547<\/p>\n
402,553<\/p>\n
424,558<\/p>\n
409,546<\/p>\n
491,076<\/p>\n
81,530<\/p>\n
20%<\/p>\n
Other Operating Expense<\/p>\n
53801000 – Mileage & Meal Allowance<\/p>\n
4,509<\/p>\n
(1,756)<\/p>\n
(39%)<\/p>\n
53801500 – Travel & Lodging<\/p>\n
2289<\/p>\n
179%<\/p>\n
2126<\/p>\n
749<\/p>\n
s<\/p>\n
(737)<\/p>\n
(98%)<\/p>\n
53802000 – Uniforms<\/p>\n
2%<\/p>\n
49,074<\/p>\n
47,643<\/p>\n
50,124<\/p>\n
66,535<\/p>\n
67,675<\/p>\n
1,139<\/p>\n
53802500 – Dues & Memberships<\/p>\n
1,288<\/p>\n
785<\/p>\n
2,161<\/p>\n
2,250<\/p>\n
4,193<\/p>\n
1,943<\/p>\n
6%<\/p>\n
53803000 – Subscriptions & Books<\/p>\n
238<\/p>\n
692<\/p>\n
2,228<\/p>\n
1,490<\/p>\n
5,722<\/p>\n
4,232<\/p>\n
284%<\/p>\n
53803500 – Training & Education<\/p>\n
3,123<\/p>\n
5,113<\/p>\n
5338<\/p>\n
25,999<\/p>\n
14,220<\/p>\n
(11,779)<\/p>\n
(45%)<\/p>\n
599<\/p>\n
237<\/p>\n
201<\/p>\n
244<\/p>\n
53903000 – Safety<\/p>\n
(78%)<\/p>\n
54001000 – Board Relations<\/p>\n
0<\/p>\n
0<\/p>\n
10<\/p>\n
Lue<\/p>\n
0<\/p>\n
\u00ae73<\/p>\n
0%<\/p>\n
54001020 – Board Relations – Third<\/p>\n
4,644<\/p>\n
5192<\/p>\n
500<\/p>\n
5%<\/p>\n
54001500 – Public Relations<\/p>\n
8:<\/p>\n
6172<\/p>\n
10.500<\/p>\n
11,000<\/p>\n
0<\/p>\n
0%<\/p>\n
54002000 – Postage<\/p>\n
48,392<\/p>\n
44,229<\/p>\n
55,667<\/p>\n
47,966<\/p>\n
55,570<\/p>\n
7,604<\/p>\n
6%<\/p>\n
54002500 – Filing Fees \/ Permits<\/p>\n
337<\/p>\n
458<\/p>\n
499<\/p>\n
473<\/p>\n
516<\/p>\n
43<\/p>\n
9%<\/p>\n
109,984<\/p>\n
107,124<\/p>\n
123,546<\/p>\n
161,589<\/p>\n
161,904<\/p>\n
316<\/p>\n
0%<\/p>\n
Total Other Operating Expense<\/p>\n
Income, Property, and Sales Tax<\/p>\n
54301000 – State & Federal Income Taxes<\/p>\n
0<\/p>\n
0%<\/p>\n
Oo<\/p>\n
197,888<\/p>\n
791<\/p>\n
0%<\/p>\n
54302000 – Property Taxes<\/p>\n
Total Income, Property, and Sales Tax<\/p>\n
(8,883)<\/p>\n
197,886<\/p>\n
791<\/p>\n
0%<\/p>\n
Insurance<\/p>\n
54401000 – Hazard & Liability Insurance<\/p>\n
855,827<\/p>\n
997,079<\/p>\n
1,100,926<\/p>\n
1,249,902<\/p>\n
1,486,615<\/p>\n
236,714<\/p>\n
9%<\/p>\n
54401500 – D&O Liability<\/p>\n
79,236<\/p>\n
58,780<\/p>\n
58,780<\/p>\n
68,436<\/p>\n
66,268<\/p>\n
(2,167)<\/p>\n
(3%)<\/p>\n
54402000 – Property Insurance<\/p>\n
7,359,685<\/p>\n
7,516,977<\/p>\n
6,773,059<\/p>\n
7,300,000<\/p>\n
6,999,468<\/p>\n
(4%)<\/p>\n
54403000 – General Liability Insurance<\/p>\n
17,063<\/p>\n
11,676<\/p>\n
10,062<\/p>\n
13,752<\/p>\n
13,752<\/p>\n
(00532)<\/p>\n
0%<\/p>\n
Total Insurance<\/p>\n
8,311,811<\/p>\n
8,584,511<\/p>\n
7,942,827<\/p>\n
8,632,089<\/p>\n
8,566,103<\/p>\n
(65,986)<\/p>\n
(1%)<\/p>\n
Cost Allocations<\/p>\n
54602500 – Allocated Expenses<\/p>\n
1,257,835<\/p>\n
1,204,763<\/p>\n
1,287,702<\/p>\n
1,327,474<\/p>\n
1,329,565<\/p>\n
2,092<\/p>\n
0%<\/p>\n
Total Cost Allocations<\/p>\n
1,257,835<\/p>\n
1,204,763<\/p>\n
1,287,702<\/p>\n
1,327,474<\/p>\n
1,329,565<\/p>\n
2,092<\/p>\n
0%<\/p>\n
Uncollectible Accounts<\/p>\n
54602000 – Bad Debt Expense<\/p>\n
179,544<\/p>\n
36,698<\/p>\n
108,469<\/p>\n
120,000<\/p>\n
80,000<\/p>\n
(40,000)<\/p>\n
(33%)<\/p>\n
Total Uncollectible Accounts<\/p>\n
179,544<\/p>\n
36,698<\/p>\n
108,469<\/p>\n
120,000<\/p>\n
80,000<\/p>\n
(40,000)<\/p>\n
(33%)<\/p>\n
Total Expenses<\/p>\n
29,664,350<\/p>\n
30,588,018<\/p>\n
31,388,295<\/p>\n
33,703,007<\/p>\n
35,567,652<\/p>\n
1,864,645<\/p>\n
6%<\/p>\n
Excess of Revenues Over Expenses<\/p>\n
($27,684,905)<\/p>\n
($28,125,510)<\/p>\n
($28,040,940)<\/p>\n
($31,787,454)<\/p>\n
($32,929,370)<\/p>\n
$1,141,917<\/p>\n
4%<\/p>\n
OPERATING FUND ONLY<\/p>\n
Version 2<\/p>\n
Page 10 of 16
\nAttachment 4<\/p>\n
Third Laguna Hills Mutual<\/p>\n
Budget Comparison Report by Fund Type<\/p>\n
12\/31\/2026<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
2026 Budget<\/p>\n
2026 Budget<\/p>\n
2026 Budget<\/p>\n
Operating<\/p>\n
Reserves<\/p>\n
Restricted<\/p>\n
Total<\/p>\n
Non-Assessment Revenues:<\/p>\n
Fees and Charges for Services to Residents<\/p>\n
46501000 – Permit Fee<\/p>\n
$199,885<\/p>\n
$0<\/p>\n
$0<\/p>\n
$199,885<\/p>\n
46501500 – Inspection Fee<\/p>\n
254,783<\/p>\n
254,783<\/p>\n
46502000 – Resident Maintenance Fee<\/p>\n
1,011,718<\/p>\n
1,011,718<\/p>\n
Total Fees and Charges for Services to Residents<\/p>\n
1,466,386<\/p>\n
1,466,386<\/p>\n
Laundry<\/p>\n
46005000 – Coin Op Laundry Machine<\/p>\n
210,000<\/p>\n
210,000<\/p>\n
Total Laundry<\/p>\n
210,000<\/p>\n
210,000<\/p>\n
Investment Income<\/p>\n
49001000 – Investment Income – Nondiscretionary<\/p>\n
1,200,000<\/p>\n
1,200,000<\/p>\n
Total Investment Income<\/p>\n
1,200,000<\/p>\n
1,200,000<\/p>\n
Miscellaneous<\/p>\n
46004500 – Resident Violations<\/p>\n
26,688<\/p>\n
26,688<\/p>\n
44501000 – Additional Occupant Fee<\/p>\n
47,739<\/p>\n
47,739<\/p>\n
44501510 – Lease Processing Fee – Third<\/p>\n
250,000<\/p>\n
250,000<\/p>\n
44502000 – Variance Processing Fee<\/p>\n
2,550<\/p>\n
2,550<\/p>\n
44502500 – Non-Sale Transfer Fee – Third<\/p>\n
3,000<\/p>\n
3,000<\/p>\n
44503520 – Resale Processing Fee – Third<\/p>\n
163,200<\/p>\n
163,200<\/p>\n
44505500 – Hoa Certification Fee<\/p>\n
5,720<\/p>\n
5,720<\/p>\n
44507000 – Golf Cart Electric Fee<\/p>\n
97,000<\/p>\n
97,000<\/p>\n
44507200 – Electric Vehicle Plug-In Fee<\/p>\n
145,000<\/p>\n
145,000<\/p>\n
44507500 – Cartport Space Rental Fee<\/p>\n
4,000<\/p>\n
4,000<\/p>\n
47001500 – Late Fee Revenue<\/p>\n
80,000<\/p>\n
80,000<\/p>\n
47002020 – Collection Administrative Fee – Third<\/p>\n
128,000<\/p>\n
128,000<\/p>\n
47002500 – Collection Interest Revenue<\/p>\n
4,000<\/p>\n
4,000<\/p>\n
47501000 – Recycling<\/p>\n
5,000<\/p>\n
5,000<\/p>\n
Total Miscellaneous<\/p>\n
961,897<\/p>\n
961,897<\/p>\n
Total Non-Assessment Revenue<\/p>\n
2,638,282<\/p>\n
1,200,000<\/p>\n
3,838,282<\/p>\n
Expenses:<\/p>\n
Employee Compensation<\/p>\n
51011000 – Salaries & Wages – Regular<\/p>\n
3,773,863<\/p>\n
0<\/p>\n
3,773,863<\/p>\n
51021000 – Union Wages – Regular<\/p>\n
4,464,896<\/p>\n
2,105,210<\/p>\n
22,089<\/p>\n
6,592,195<\/p>\n
0<\/p>\n
51041000 – Wages – Overtime<\/p>\n
16,767<\/p>\n
16,767<\/p>\n
51051000 – Union Wages – Overtime<\/p>\n
46,101<\/p>\n
3,403<\/p>\n
198<\/p>\n
49,702<\/p>\n
51061000 – Holiday & Vacation<\/p>\n
692,386<\/p>\n
179,167<\/p>\n
1,880<\/p>\n
873,433<\/p>\n
51071000 – Sick<\/p>\n
282,421<\/p>\n
73,081<\/p>\n
767<\/p>\n
356,269<\/p>\n
51091000 – Missed Meal Penalty<\/p>\n
1,604<\/p>\n
62<\/p>\n
1,666<\/p>\n
51101000 – Temporary Help<\/p>\n
30,258<\/p>\n
0<\/p>\n
30,258<\/p>\n
Total Employee Compensation<\/p>\n
9,308,296<\/p>\n
2,360,923<\/p>\n
24,933<\/p>\n
11,694,152<\/p>\n
Compensation Related<\/p>\n
52411000 – F.I.CA.<\/p>\n
698,440<\/p>\n
180,346<\/p>\n
1,892<\/p>\n
880,678<\/p>\n
52421000 – F.U.<\/p>\n
8,342<\/p>\n
2,058<\/p>\n
21<\/p>\n
10,421<\/p>\n
52431000 – S.U.L.<\/p>\n
41,710<\/p>\n
10,291<\/p>\n
104<\/p>\n
52,105<\/p>\n
52441000 – Union Medical<\/p>\n
1,499,132<\/p>\n
583,406<\/p>\n
5,869<\/p>\n
2,088,406<\/p>\n
52451000 – Workers’ Compensation Insurance<\/p>\n
508,468<\/p>\n
225,845<\/p>\n
2,370<\/p>\n
826,682<\/p>\n
52461000 – Non Union Medical & Life Insurance<\/p>\n
469,913<\/p>\n
0<\/p>\n
469,913<\/p>\n
52471000 – Union Retirement Plan<\/p>\n
477,361<\/p>\n
185,771<\/p>\n
1,869<\/p>\n
665,001<\/p>\n
52481000 – Non-Union Retirement Plan<\/p>\n
0<\/p>\n
164,441<\/p>\n
164,441<\/p>\n
Total Compensation Related<\/p>\n
3,957,807<\/p>\n
1,187,716<\/p>\n
12,124<\/p>\n
5,157,647<\/p>\n
Version 2<\/p>\n
Page 11 of 16
\nAttachment 4<\/p>\n
Third Laguna Hills Mutual<\/p>\n
Budget Comparison Report by Fund Type<\/p>\n
12\/31\/2026<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
2026 Budget<\/p>\n
2026 Budget<\/p>\n
2026 Budget<\/p>\n
Operating<\/p>\n
Reserves<\/p>\n
Restricted<\/p>\n
Total<\/p>\n
Materials and Supplies<\/p>\n
53001000 – Materials & Supplies<\/p>\n
535,133<\/p>\n
170,532<\/p>\n
2,362<\/p>\n
708,027<\/p>\n
53003000 – Materials Direct<\/p>\n
335,322<\/p>\n
812,925<\/p>\n
39,405<\/p>\n
1,187,652<\/p>\n
59<\/p>\n
53004000 – Freight<\/p>\n
2,672<\/p>\n
2,933<\/p>\n
5,663<\/p>\n
Total Materials and Supplies<\/p>\n
873,127<\/p>\n
986,390<\/p>\n
41,826<\/p>\n
1,901,343<\/p>\n
Community Events<\/p>\n
53201000 – Community Events<\/p>\n
1,400<\/p>\n
1,400<\/p>\n
Total Community Events<\/p>\n
1,400<\/p>\n
1,400<\/p>\n
Utilities and Telephone<\/p>\n
53301000 – Electricity<\/p>\n
547,754<\/p>\n
547,754<\/p>\n
53301500 – Sewer<\/p>\n
1,974,170<\/p>\n
1,974,170<\/p>\n
53302000 – Water<\/p>\n
3,820,181<\/p>\n
3,820,181<\/p>\n
53302500 – Trash<\/p>\n
1,811,903<\/p>\n
16,570<\/p>\n
204<\/p>\n
1,828,676<\/p>\n
Total Utilities and Telephone<\/p>\n
8,154,008<\/p>\n
16,570<\/p>\n
204<\/p>\n
8,170,781<\/p>\n
Legal Fees<\/p>\n
53401500 – Legal Fees<\/p>\n
409,993<\/p>\n
409,993<\/p>\n
53401550 – Legal Fees Contra<\/p>\n
(42,000)<\/p>\n
(42,000)<\/p>\n
367,993<\/p>\n
367,993<\/p>\n
Total Legal Fees<\/p>\n
Professional Fees<\/p>\n
53402020 – Audit & Tax Preparation Fees – Third<\/p>\n
55,700<\/p>\n
55,700<\/p>\n
53403500 – Consulting Fees<\/p>\n
10,926<\/p>\n
10,926<\/p>\n
53403520 – Consulting Fees – Third<\/p>\n
132,000<\/p>\n
132,000<\/p>\n
Total Professional Fees<\/p>\n
198,626<\/p>\n
198,626<\/p>\n
Equipment Rental<\/p>\n
53501500 – Equipment Rental\/Lease Fees<\/p>\n
11,845<\/p>\n
59,874<\/p>\n
526<\/p>\n
72,245<\/p>\n
Total Equipment Rental<\/p>\n
11,845<\/p>\n
59,874<\/p>\n
526<\/p>\n
72,245<\/p>\n
Outside Services<\/p>\n
53601000 – Bank Fees<\/p>\n
13,752<\/p>\n
0<\/p>\n
0<\/p>\n
13,752<\/p>\n
53601500 – Credit Card Transaction Fees<\/p>\n
15,000<\/p>\n
0<\/p>\n
0<\/p>\n
15,000<\/p>\n
54603500 – Outside Services CC<\/p>\n
1,894,405<\/p>\n
12,255,131<\/p>\n
1,670,000<\/p>\n
15,819,536<\/p>\n
53704000 – Outside Services<\/p>\n
80<\/p>\n
142,748<\/p>\n
11,995<\/p>\n
154,822<\/p>\n
Total Outside Services<\/p>\n
2,065,904<\/p>\n
12,267,126<\/p>\n
1,670,080<\/p>\n
16,003,110<\/p>\n
Repairs and Maintenance<\/p>\n
53701000 – Equipment Repair & Maint<\/p>\n
3,888<\/p>\n
4,283<\/p>\n
46<\/p>\n
8,217<\/p>\n
53703000 – Elevator \/Lift Maintenance<\/p>\n
487,188<\/p>\n
0<\/p>\n
0<\/p>\n
487,188<\/p>\n
Total Repairs and Maintenance<\/p>\n
491,076<\/p>\n
4,283<\/p>\n
46<\/p>\n
495,404<\/p>\n
Other Operating Expense<\/p>\n
53801000 – Mileage & Meal Allowance<\/p>\n
2,753<\/p>\n
179<\/p>\n
2,933<\/p>\n
53801500 – Travel & Lodging<\/p>\n
12<\/p>\n
0<\/p>\n
12<\/p>\n
53802000 – Uniforms<\/p>\n
67,675<\/p>\n
29,313<\/p>\n
316<\/p>\n
97,304<\/p>\n
0<\/p>\n
53802500 – Dues & Memberships<\/p>\n
4,193<\/p>\n
4,193<\/p>\n
53803000 – Subscriptions & Books<\/p>\n
5,722<\/p>\n
0<\/p>\n
5,722<\/p>\n
53803500 – Training & Education<\/p>\n
14,220<\/p>\n
899<\/p>\n
15,118<\/p>\n
244<\/p>\n
244<\/p>\n
53903000 – Safety<\/p>\n
54001020 – Board Relations – Third<\/p>\n
11,000<\/p>\n
11,000<\/p>\n
54002000 – Postage<\/p>\n
55,570<\/p>\n
55,570<\/p>\n
516<\/p>\n
516<\/p>\n
54002500 – Filing Fees \/ Permits<\/p>\n
Total Other Operating Expense<\/p>\n
161,904<\/p>\n
30,391<\/p>\n
316<\/p>\n
192,611<\/p>\n
Version 2<\/p>\n
Page 12 of 16
\nAttachment 4<\/p>\n
Third Laguna Hills Mutual<\/p>\n
Budget Comparison Report by Fund Type<\/p>\n
12\/31\/2026<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
2026 Budget<\/p>\n
2026 Budget<\/p>\n
2026 Budget<\/p>\n
Operating<\/p>\n
Reserves<\/p>\n
Restricted<\/p>\n
Total<\/p>\n
Income, Property, and Sales Tax<\/p>\n
54301000 – State & Federal Income Taxes<\/p>\n
0<\/p>\n
107,312<\/p>\n
42,688<\/p>\n
150,000<\/p>\n
Total Income, Property, and Sales Tax<\/p>\n
0<\/p>\n
107,312<\/p>\n
42,688<\/p>\n
150,000<\/p>\n
Insurance<\/p>\n
54401000 – Hazard & Liability Insurance<\/p>\n
1,486,615<\/p>\n
1,486,615<\/p>\n
54401500 – D&O Liability<\/p>\n
66,268<\/p>\n
66,268<\/p>\n
54402000 – Property Insurance<\/p>\n
6,999,468<\/p>\n
6,999,468<\/p>\n
54403000 – General Liability Insurance<\/p>\n
13,752<\/p>\n
13,752<\/p>\n
Total Insurance<\/p>\n
8,566,103<\/p>\n
8,566,103<\/p>\n
Cost Allocations<\/p>\n
54602500 – Allocated Expenses<\/p>\n
1,329,565<\/p>\n
229,878<\/p>\n
2,957<\/p>\n
1,562,400<\/p>\n
Total Cost Allocations<\/p>\n
1,329,565<\/p>\n
229,878<\/p>\n
2,957<\/p>\n
1,562,400<\/p>\n
Uncollectible Accounts<\/p>\n
54602000 – Bad Debt Expense<\/p>\n
80,000<\/p>\n
0<\/p>\n
0<\/p>\n
80,000<\/p>\n
Total Uncollectible Accounts<\/p>\n
80,000<\/p>\n
0<\/p>\n
0<\/p>\n
80,000<\/p>\n
Total Expenses<\/p>\n
35,567,652<\/p>\n
17,250,463<\/p>\n
1,795,700<\/p>\n
54,613,815<\/p>\n
Excess of Revenues Over Expenses<\/p>\n
($32,929,370)<\/p>\n
($16,050,463)<\/p>\n
($1,795,700)<\/p>\n
($50,775,533)<\/p>\n
Version 2<\/p>\n
Page 13 of 16
\nTHIS PAGE LEFT BLANK INTENTIONALLY<\/p>\n
Page 14 of 16
\nAttachment 5<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
2026 PLAN<\/p>\n
PROGRAMS REPORT<\/p>\n
[er a BR Be BE Bh me we SB a | TT |<\/p>\n
OPERATING FUND – MAINTENANCE AND CONSTRUCTION<\/p>\n
PLUMBING SERVICE<\/p>\n
$691,819<\/p>\n
$782,057<\/p>\n
$906,089<\/p>\n
$857,728<\/p>\n
$627,549<\/p>\n
$101,810<\/p>\n
$128,369<\/p>\n
8,500<\/p>\n
$12,965<\/p>\n
2%<\/p>\n
CARPENTRY SERVICE<\/p>\n
$535,988<\/p>\n
$625,276<\/p>\n
$624,433<\/p>\n
$565,327<\/p>\n
$465,407<\/p>\n
$97,920<\/p>\n
$2,000<\/p>\n
(527,134)<\/p>\n
(5%)<\/p>\n
PEST CONTROL<\/p>\n
$180,881<\/p>\n
$335,580<\/p>\n
$364,022<\/p>\n
$625,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$625,000<\/p>\n
0420<\/p>\n
($30,000)<\/p>\n
(5%)<\/p>\n
FIRE PROTECTION<\/p>\n
$142,282<\/p>\n
$78,254<\/p>\n
$127,877<\/p>\n
$163,570<\/p>\n
$3,427<\/p>\n
$2,376<\/p>\n
$157,768<\/p>\n
60<\/p>\n
$8,702<\/p>\n
6%<\/p>\n
ELECTRICAL SERVICE<\/p>\n
$133,137<\/p>\n
$151,673<\/p>\n
$129,830<\/p>\n
$103,449<\/p>\n
$17,610<\/p>\n
1,325<\/p>\n
$4,419<\/p>\n
4%<\/p>\n
APPLIANCE REPAIRS<\/p>\n
$75,032<\/p>\n
$10,808<\/p>\n
$87,868<\/p>\n
$73,374<\/p>\n
$97,129<\/p>\n
$103,873<\/p>\n
$79,356<\/p>\n
$24,517<\/p>\n
($14,997)<\/p>\n
(13%)<\/p>\n
MISCELLANEOUS REPAIRS BY OUTSIDE SERVICES<\/p>\n
$11,079<\/p>\n
$9,067<\/p>\n
$15,365<\/p>\n
$40,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$40,000<\/p>\n
Las)<\/p>\n
($148,000)<\/p>\n
(79%)<\/p>\n
SOLAR MAINTENANCE<\/p>\n
$23,539<\/p>\n
$50,516<\/p>\n
$34,902<\/p>\n
$40,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$40,000<\/p>\n
$3,000<\/p>\n
8%<\/p>\n
STREET LIGHT MAINTENANCE<\/p>\n
$0<\/p>\n
$12,946<\/p>\n
$15,755<\/p>\n
$30,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$30,000<\/p>\n
$10,000<\/p>\n
50%<\/p>\n
10<\/p>\n
CONCRETE SERVICE<\/p>\n
$317,129<\/p>\n
$386,373<\/p>\n
$284,993<\/p>\n
$339,992<\/p>\n
$263,165<\/p>\n
$60,811<\/p>\n
$16,015<\/p>\n
4,164<\/p>\n
($14,499)<\/p>\n
(4%)<\/p>\n
1”<\/p>\n
GUTTER CLEANING<\/p>\n
$144,267<\/p>\n
$135,528<\/p>\n
$120,039<\/p>\n
$124,076<\/p>\n
$49,243<\/p>\n
$3,707<\/p>\n
$71,126<\/p>\n
779<\/p>\n
$65,655<\/p>\n
12%<\/p>\n
12<\/p>\n
WELDING<\/p>\n
$106,756<\/p>\n
$98,365<\/p>\n
$97,933<\/p>\n
$105,952<\/p>\n
$85,920<\/p>\n
$8,068<\/p>\n
$11,964<\/p>\n
1,360<\/p>\n
($7,885)<\/p>\n
(7%)<\/p>\n
13<\/p>\n
TRAFFIC CONTROL<\/p>\n
$18,999<\/p>\n
$21,334<\/p>\n
$16,167<\/p>\n
$17,651<\/p>\n
$16,073<\/p>\n
$1,210<\/p>\n
$367<\/p>\n
255<\/p>\n
($1,475)<\/p>\n
(8%)<\/p>\n
TOTAL<\/p>\n
$2,393,745<\/p>\n
$2,760,342<\/p>\n
$2,834,535<\/p>\n
$3,116,617<\/p>\n
$1,665,172<\/p>\n
$318,029<\/p>\n
$1,133,416<\/p>\n
23,846<\/p>\n
($139,249)<\/p>\n
(4%)<\/p>\n
Line 9 was moved from Reserves to Operating in 2023.<\/p>\n
Lines 10-13 were moved from General Services to Maintenance & Construction in 2025.<\/p>\n
OPERATING FUND – GENERAL SERVICES<\/p>\n
14<\/p>\n
JANITORIAL SERVICE<\/p>\n
$969,445<\/p>\n
$899,490<\/p>\n
$837,611<\/p>\n
$908,351<\/p>\n
$869,967<\/p>\n
$38,384<\/p>\n
$0<\/p>\n
19,204<\/p>\n
$15,573<\/p>\n
2%<\/p>\n
TOTAL<\/p>\n
$969.445<\/p>\n
$899.490<\/p>\n
837.611<\/p>\n
$908.351<\/p>\n
$869.967<\/p>\n
$38.384<\/p>\n
$0<\/p>\n
19.204<\/p>\n
$15,573<\/p>\n
2%<\/p>\n
OPERATING FUND – LANDSCAPING SERVICES<\/p>\n
15<\/p>\n
LANDSCAPE ADMINISTRATION<\/p>\n
$340,320<\/p>\n
$362,103<\/p>\n
$406,698<\/p>\n
$446,855<\/p>\n
$440,447<\/p>\n
$6,409<\/p>\n
$0<\/p>\n
0<\/p>\n
$32,292<\/p>\n
8%<\/p>\n
16<\/p>\n
NURSERY & COMPOSTING<\/p>\n
$260,595<\/p>\n
$234,999<\/p>\n
$243,001<\/p>\n
$142,277<\/p>\n
$130,917<\/p>\n
$6,031<\/p>\n
$5,330<\/p>\n
2,007<\/p>\n
$28,113<\/p>\n
25%<\/p>\n
17<\/p>\n
GROUNDS MAINTENANCE<\/p>\n
$3,312,857<\/p>\n
$3,396,387<\/p>\n
$3,734,684<\/p>\n
$4,578,531<\/p>\n
$4,495,741<\/p>\n
$65,183<\/p>\n
$17,607<\/p>\n
80,140<\/p>\n
$30,779<\/p>\n
1%<\/p>\n
18<\/p>\n
IRRIGATION<\/p>\n
$1,024,963<\/p>\n
$948,494<\/p>\n
$944,512<\/p>\n
$1,150,343<\/p>\n
$979,112<\/p>\n
$158,580<\/p>\n
$12,650<\/p>\n
15,347<\/p>\n
$152,603<\/p>\n
15%<\/p>\n
19<\/p>\n
SMALL EQUIPMENT REPAIR<\/p>\n
$233,928<\/p>\n
$183,142<\/p>\n
$183,533<\/p>\n
$254,075<\/p>\n
$203,332<\/p>\n
$48,740<\/p>\n
$2,003<\/p>\n
2,420<\/p>\n
$12,581<\/p>\n
5%<\/p>\n
20<\/p>\n
PEST CONTROL<\/p>\n
$391,191<\/p>\n
$362,143<\/p>\n
$366,058<\/p>\n
$450,525<\/p>\n
$378,822<\/p>\n
$61,813<\/p>\n
$9,890<\/p>\n
4,694<\/p>\n
$9,638<\/p>\n
2%<\/p>\n
21<\/p>\n
TREE MAINTENANCE<\/p>\n
$1,193<\/p>\n
$13,101<\/p>\n
($4,792)<\/p>\n
$0<\/p>\n
$0<\/p>\n
[1]<\/p>\n
$0<\/p>\n
0%<\/p>\n
TOTAL<\/p>\n
$5,565,048<\/p>\n
$5,500,368<\/p>\n
$5,873,694<\/p>\n
$7,022,606<\/p>\n
$6,628. Th<\/p>\n
$346,755<\/p>\n
$47 0<\/p>\n
104,608<\/p>\n
$266,006<\/p>\n
4%<\/p>\n
igrf-w interaldepartmentsBUDIBud26Mutuals2026 Expenditures Budget – Third<\/p>\n
Version 2<\/p>\n
Page 15 of 16
\nAttachment 5<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
2026 PLAN<\/p>\n
PROGRAMS REPORT<\/p>\n
[me a BR BB BE Bh ee we SB a | TT |<\/p>\n
RESERVE FUNDS – MAINTENANCE AND CONSTRUCTION<\/p>\n
2<\/p>\n
BUILDING STRUCTURES<\/p>\n
$1,809,120<\/p>\n
$2,403,923<\/p>\n
$2,841,940<\/p>\n
$3,115,640<\/p>\n
$262,980<\/p>\n
$118,610<\/p>\n
$2,734,050<\/p>\n
$629,496<\/p>\n
25%<\/p>\n
23<\/p>\n
ELECTRICAL SYSTEMS<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$62,000<\/p>\n
$0<\/p>\n
$62,000<\/p>\n
I<\/p>\n
$0<\/p>\n
0%<\/p>\n
24<\/p>\n
EXTERIOR LIGHTING<\/p>\n
$14,473<\/p>\n
$12,062<\/p>\n
$0<\/p>\n
$12,850<\/p>\n
$0<\/p>\n
$12,850<\/p>\n
($75)<\/p>\n
(1%)<\/p>\n
25<\/p>\n
FENCING<\/p>\n
$62,837<\/p>\n
$75,237<\/p>\n
$69,733<\/p>\n
$71,047<\/p>\n
$20,975<\/p>\n
$0<\/p>\n
$289<\/p>\n
0%<\/p>\n
26<\/p>\n
GARDEN VILLA LOBBY<\/p>\n
$50,072<\/p>\n
es<\/p>\n
$1,418<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
0%<\/p>\n
27<\/p>\n
GARDEN VILLA MAILROOM<\/p>\n
$285<\/p>\n
$293<\/p>\n
$208<\/p>\n
$587<\/p>\n
$325<\/p>\n
$262<\/p>\n
$1<\/p>\n
$11<\/p>\n
2%<\/p>\n
28<\/p>\n
GARDEN VILLA REC ROOM<\/p>\n
$2,759<\/p>\n
$8,472<\/p>\n
$26,545<\/p>\n
$68,130<\/p>\n
$1,050<\/p>\n
$2,067<\/p>\n
$65,014<\/p>\n
15<\/p>\n
$22<\/p>\n
0%<\/p>\n
29<\/p>\n
GUTTERS<\/p>\n
$29,973<\/p>\n
$67,264<\/p>\n
$67,465<\/p>\n
$192,022<\/p>\n
$77,422<\/p>\n
$14,600<\/p>\n
$100,000<\/p>\n
1,000<\/p>\n
($11,553)<\/p>\n
(6%)<\/p>\n
30<\/p>\n
MAILBOXES<\/p>\n
$2,743<\/p>\n
$11,811<\/p>\n
$11,877<\/p>\n
$22,743<\/p>\n
$11,818<\/p>\n
$10,923<\/p>\n
$2<\/p>\n
160<\/p>\n
($4,897)<\/p>\n
(18%)<\/p>\n
31<\/p>\n
PAINT PROGRAM<\/p>\n
$1,413,218<\/p>\n
$1,445,812<\/p>\n
$1,427,493<\/p>\n
$1,835,569<\/p>\n
$1,524,882<\/p>\n
$300,840<\/p>\n
$9,848<\/p>\n
25,500<\/p>\n
$57,770<\/p>\n
3%<\/p>\n
32<\/p>\n
PRIOR TO PAINT<\/p>\n
$1,053,582<\/p>\n
$1,173,704<\/p>\n
$1,140,684<\/p>\n
$1,525,800<\/p>\n
$1,151,591<\/p>\n
$313,921<\/p>\n
$60,287<\/p>\n
14,937<\/p>\n
$72,964<\/p>\n
5%<\/p>\n
33<\/p>\n
PAVING\/CONCRETE<\/p>\n
$493,069<\/p>\n
$494,199<\/p>\n
$157,359<\/p>\n
$611,041<\/p>\n
$69,408<\/p>\n
$9,475<\/p>\n
$532,159<\/p>\n
$443,287<\/p>\n
264%<\/p>\n
34<\/p>\n
ROOFS<\/p>\n
$2,127,043<\/p>\n
HID<\/p>\n
10%<\/p>\n
$1,403,246<\/p>\n
$1,477,360<\/p>\n
$1,734,231<\/p>\n
$0<\/p>\n
$0<\/p>\n
$2,127,043<\/p>\n
$186,425<\/p>\n
35<\/p>\n
EXTERIOR WALLS<\/p>\n
$29,994<\/p>\n
$0<\/p>\n
$28,546<\/p>\n
$74,150<\/p>\n
$0<\/p>\n
$0<\/p>\n
$74,150<\/p>\n
$50,000<\/p>\n
207%<\/p>\n
36<\/p>\n
WASTE LINE REMEDIATION<\/p>\n
$617,558<\/p>\n
$935,789<\/p>\n
$1,598,373<\/p>\n
$1,500,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$1,500,000<\/p>\n
$1,000,000<\/p>\n
200%<\/p>\n
37<\/p>\n
WATER LINES – COPPER PIPE REMEDIATION<\/p>\n
$362,344<\/p>\n
$521,415<\/p>\n
$1,176,859<\/p>\n
$1,000,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$1,000,000<\/p>\n
$500,000<\/p>\n
100%<\/p>\n
38<\/p>\n
PLUMBING REPLACEMENT<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
($700,000)<\/p>\n
(100%)<\/p>\n
39<\/p>\n
ELEVATORS<\/p>\n
$89,872<\/p>\n
$98,680<\/p>\n
$126,312<\/p>\n
$230,000<\/p>\n
$0<\/p>\n
$230,000<\/p>\n
$24,200<\/p>\n
12%<\/p>\n
40<\/p>\n
LAUNDRY COUNTERTOP\/FLOOR<\/p>\n
$14,977<\/p>\n
$13,411<\/p>\n
$44,330<\/p>\n
$42,699<\/p>\n
$6,729<\/p>\n
$5,970<\/p>\n
$30,000<\/p>\n
80<\/p>\n
$285<\/p>\n
1%<\/p>\n
41<\/p>\n
LAUNDRY APPLIANCES<\/p>\n
$264,647<\/p>\n
$266,274<\/p>\n
$322,147<\/p>\n
$199,916<\/p>\n
$25,195<\/p>\n
$171,552<\/p>\n
$3,168<\/p>\n
389<\/p>\n
$35,416<\/p>\n
22%<\/p>\n
42<\/p>\n
RENEWABLE ENERGY PROJECT<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
$0<\/p>\n
($50,000)<\/p>\n
(100%)<\/p>\n
TOTAL<\/p>\n
$7.666.113<\/p>\n
$9.005.707<\/p>\n
$10.774.191<\/p>\n
$12,691.237<\/p>\n
3.181.472<\/p>\n
969.195<\/p>\n
8.540.572<\/p>\n
47.236<\/p>\n
2.233.640<\/p>\n
219<\/p>\n
Lines 33-35 include items moved from General Services to Maintenance & Construction in 2025.<\/p>\n
RESERVE FUNDS – LANDSCAPING SERVICES<\/p>\n
43<\/p>\n
LANDSCAPE MODERNIZATION<\/p>\n
$614,885<\/p>\n
$455,935<\/p>\n
,118,256<\/p>\n
$3,020,244<\/p>\n
$3,870<\/p>\n
$627<\/p>\n
$3,015,747<\/p>\n
60<\/p>\n
$70,807<\/p>\n
2%<\/p>\n
44<\/p>\n
IMPROVEMENT & RESTORATION<\/p>\n
$109,797<\/p>\n
$123,918<\/p>\n
$154,838<\/p>\n
$305,390<\/p>\n
$290,566<\/p>\n
$9,521<\/p>\n
$5,303<\/p>\n
5,378<\/p>\n
$21,872<\/p>\n
8%<\/p>\n
a5<\/p>\n
TREE MAINTENANCE<\/p>\n
$965,034<\/p>\n
$888,273<\/p>\n
$935,113<\/p>\n
$1,126,280<\/p>\n
$416,659<\/p>\n
$4,115<\/p>\n
$705,506<\/p>\n
4,225<\/p>\n
(856,555)<\/p>\n
(5%)<\/p>\n
TOTAL<\/p>\n
$1.689.717<\/p>\n
$1.468.127<\/p>\n
2.208.207<\/p>\n
$4.451.914<\/p>\n
$711,095<\/p>\n
$14.263<\/p>\n
$3.726.556<\/p>\n
9.663<\/p>\n
$36.124<\/p>\n
1%<\/p>\n
DISASTER FUND – MAINTENANCE AND CONSTRUCTION<\/p>\n
46<\/p>\n
MOISTURE INTRUSION – RAIN LEAKS<\/p>\n
$242,184<\/p>\n
$545,258<\/p>\n
$739,203<\/p>\n
$390,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$390,000<\/p>\n
$170,000<\/p>\n
7%<\/p>\n
a7<\/p>\n
MOISTURE INTRUSION – PLUMBING LEAKS<\/p>\n
$183,156<\/p>\n
$844,881<\/p>\n
$849,387<\/p>\n
$800,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$800,000<\/p>\n
$0<\/p>\n
0%<\/p>\n
48<\/p>\n
MOISTURE INTRUSION – PLUMBING STOPPAGES<\/p>\n
$141,150<\/p>\n
$197,739<\/p>\n
$187,564<\/p>\n
$160,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$160,000<\/p>\n
$8,000<\/p>\n
5%<\/p>\n
49<\/p>\n
MOISTURE INTRUSION – MISCELLANEOUS<\/p>\n
$49,599<\/p>\n
$62,836<\/p>\n
$85,188<\/p>\n
$60,000<\/p>\n
$0<\/p>\n
$0<\/p>\n
$60,000<\/p>\n
$18,000<\/p>\n
43%<\/p>\n
50<\/p>\n
DAMAGE RESTORATION SERVICES<\/p>\n
$162,802<\/p>\n
$41,956<\/p>\n
$41,972<\/p>\n
$26,494<\/p>\n
$15,569<\/p>\n
$10,925<\/p>\n
200<\/p>\n
($2,890)<\/p>\n
(10%)<\/p>\n
TOTAL<\/p>\n
$778.890<\/p>\n
$1.692.671<\/p>\n
$1.903.314<\/p>\n
$1.436.494<\/p>\n
$15,569<\/p>\n
$10.925<\/p>\n
$1.410, 30<\/p>\n
200<\/p>\n
$193,110<\/p>\n
16%<\/p>\n
DISASTER FUND – LANDSCAPING SERVICES<\/p>\n
51<\/p>\n
FIRE RISK MANAGEMENT<\/p>\n
$83,108<\/p>\n
$150,309<\/p>\n
$63,848<\/p>\n
$0<\/p>\n
$0<\/p>\n
$180,000<\/p>\n
$0<\/p>\n
0%<\/p>\n
TOTAL<\/p>\n
$83,108<\/p>\n
$150,309<\/p>\n
$63,848<\/p>\n
$0<\/p>\n
$0<\/p>\n
$180,000<\/p>\n
$0<\/p>\n
0%<\/p>\n
GARDEN VILLA REC ROOM FUND – MAINTENANCE AND CONSTRUCTION<\/p>\n
52<\/p>\n
GARDEN VILLA RECREATION ROOMS<\/p>\n
361<\/p>\n
6%<\/p>\n
$70,118<\/p>\n
$94,246<\/p>\n
$105,780<\/p>\n
$25,596<\/p>\n
$30,842<\/p>\n
$80,080<\/p>\n
$7,914<\/p>\n
TOTAL<\/p>\n
$70,118<\/p>\n
$94,246<\/p>\n
$105,780<\/p>\n
$25,596<\/p>\n
$30,842<\/p>\n
$80,080<\/p>\n
361<\/p>\n
$7,914<\/p>\n
6%<\/p>\n
igrf-w interaldepartmentsBUDIBud26Mutuals2026 Expenditures Budget – Third<\/p>\n
Version 2<\/p>\n
Page 16 of 16<\/p>\n","protected":false},"author":28,"featured_media":0,"template":"","document_category":[2031],"document_type":[53],"class_list":["post-73048","document","type-document","status-publish","hentry","document_category-third-financial-services-business-plans","document_type-other"],"acf":{"document":73053,"resolutions":null,"legacy_id":"","pdf_extracted_text":""},"yoast_head":"\n