Approved by the Board of Directors February 12, 2007 - For presentation to the membership February 13, 2007
BTPOA 2007 BALANCE SHEET
Assets - Account Balances
CD 5/19 (4.88%)	$    6,175
CD 5/28, 11/28 (3.29%)	$  21,529
CD 5/28, 11/28 (4.88%)	$  37,516
CD 5/19 (4.88%)	$  12,000
Working	$    9,668
Total	$  86,888
Liabilities and Owner Equity
Plan Review Fees	$    6,300
Owner Equity	$  80,588
Total	$  86,888
Historical Perspective
Account Balances	12/31/2004	12/31/2005	12/31/2006
CD 5/19 (4.88%)	$    3,702	$    3,957	$     6,175
CD 5/28, 11/28 (3.29%)	$  20,475	$  20,794	$   21,529
CD 5/28, 11/28 (4.88%)	$  30,735	$  31,228	$   37,516
CD 5/19 (4.88%)	$           -	$           -	$   12,000
Working	$  24,115	$  26,144	$     9,668
Total	$  79,027	$  82,123	$   86,888
Increase (Decrease)		$ 3,096	$  4,765
BTPOA 2007 BUDGET
	2006			2007
Expense Category	Budget	Actual	Diff	Budget	Description
Architectural Control	$          300	$            21	$          (279)	$            300	Review of plans
Bank Charges	$                -	$          154	$           154	$                 -	Service fees, return check charges, etc.
Beautification & Trails	$       1,650	$          427	$      (1,223)	$        5,100	Maintenance of entrances, trails, roadside
Covenant Compliance	$          250	$               -	$          (250)	$        6,000	Jeanne Thomas, 10 hr/month, $50/hr
Dues & Subscriptions	$          250	$            45	$          (205)	$              45	Membership in NEPCO
Flood Control	$          200	$               -	$          (200)	$            200	Engineer's review plus maintenance work
Forestry Committee	$          300	$               -	$          (300)	$            300	Beetle and mistletoe survey
Meetings	$          650	$          479	$          (171)	$        1,000	Meeting room and refreshments
Insurance	$       2,600	$      2,464	$          (136)	$        2,600	Gen. liability, officers and directors liability
Legal and Professional	$       1,000	$      2,178	$        1,178	$        2,000	Attorney time, tax return preparation
Printing, Mailing & Supplies	$       2,450	$      2,709	$           259	$        3,800	BT Log, directory, notices, office supplies
Taxes	$          250	$          166	$            (84)	$            250	Income taxes on interest income
Utilities	$          400	$          341	$            (59)	$            400	Lights at Scottswood and Highway 105
Water Augmentation	$       9,007	$      9,011	$                4	$        9,100	BT share in Great Divide Water Company
Web Site	$                -	$          171	$           171	$            300	Web site hosting, software tools, etc.
Welcoming Committee	$          300	$          320	$              20	$            500	Printing or purchasing materials, birdhouses
Reserve	$          733	$               -	$          (733)	$                 -	To cover contingencies
Total Expenses	$    20,340	$    18,486	$      (1,854)	$      31,895
Revenue Category	Budget	Actual	Diff	Budget	Description
Dues (incld late fees)	$    18,504	$    18,864	$           360	$      18,504	257 lots x $72 per lot
HOA Statements	$                -	$          200	$           200	$        1,200	24 x $50 statement fee
Plan Review	$          300	$      1,600	$        1,300	$            200	Assumes two house plans reviewed
Interest	$       1,536	$      1,987	$           451	$        2,849	Interest on CDs (3.7% on $77,220)
Fines	$                -	$          600	$           600	$                 -	Fines for Covenant Violations
From Reserves	$                -	$               -	$                 -	$        9,142	To cover deficit
Total Revenue	$    20,340	$    23,251	$        2,911	$      31,895
Net Surplus (Deficit)			$        4,765
ANNUAL ASSESSMENT INCREASE PROPOSAL
Current Assessment				$          72	=> $6 per month
Assessment Increase Needed to Cover the Deficit				$          36	=> Additional $3 per month
Recommended Assessment Increase 2008				$          48	=> Additional $4 per month
Recommended Assessment 2008				$        120	=> $10 per month
Projected Increase in Reserves w/Recommended Assessment				$     3,194