services are captured there. The ….

services are captured there. The reserve/cash funds not only include the reserve fund previously described but also a new fund being used to collect cash to pay an initial large portion of the insurance premium that comes due in December each year.

The Admin/Insurance category is mostly the insurance premium but also includes the cost of annual independent financial audits and legal costs. Recreation expenses are made up mostly of clubhouse janitorial services but also include community entertainment and events.

The Facilities category includes trust property landscape maintenance and utilities, such as electricity, trash and sewer expenses. The Operations/IT/ News category pulls together IT services and software and electronic utilities like telephone and internet.

The 2025 budget’s $27 million income also breaks down into six main categories as shown in the table above right.