The Process of Developing Our Annual HOA Budget
Early each year (usually in January), a meeting is called for Frisco Ridge homeowners. At this meeting, a new Board of Directors is elected. One of the first priorities of the new Board is to elect officers and develop the annual budget.
Our five committees prepare an estimate for the normal expenses that fall under their area of responsibility and estimate costs for any new projects they are proposing. This information is provided to the HOA Board of Directors for consideration. The board bases its budget on estimated HOA fees for the fiscal year. All of the necessary expenses are put into the budget. And then, the remaining balance can be divvied up to fund as many of the new committee proposals as possible. As our subdivision has grown, we are bringing in more HOA dues, but more of our budget is going into lawn care: mowing, weed control, fertilizer and water.
Our five committees prepare an estimate for the normal expenses that fall under their area of responsibility and estimate costs for any new projects they are proposing. This information is provided to the HOA Board of Directors for consideration. The board bases its budget on estimated HOA fees for the fiscal year. All of the necessary expenses are put into the budget. And then, the remaining balance can be divvied up to fund as many of the new committee proposals as possible. As our subdivision has grown, we are bringing in more HOA dues, but more of our budget is going into lawn care: mowing, weed control, fertilizer and water.
2024 Financial Documents
March 2024 Profit & Loss Statement
2023 Financial Documents
Please check back.
2022 Financial Documents
2022 HOA Budget
| frisco_ridge_actual_budget_2022.pdf |
Financial Reports from White Management
2022 Profit & Loss StmtsJan-Dec 2022
Jan-Sept 2022
Jan-June 2022
Jan-Mar 2022
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2022 Balance StatementsJuly-Dec 2022
Jan-June 2022
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2021 Financial Documents
2021 HOA Budget
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2021 Budget Expenditures Report
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Financial Reports from White Management
2021 P&L Statement
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2021 Balance Sheet
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2020 Financial Documents
2020 HOA Budget |
Budget as of Dec 9, 2020
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Budget as of Aug 10, 2020
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Budget as of June 13, 2020 |
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2020 Reports from White Management Co
Combined P&L Stmt and Balance Sheet
| 2020_fr_p_l_and_bal_sheet.pdf |
2019 Financial Documents
2019 HOA Budget
| 2019_budget.pdf |
2019 Reports from White Management Co
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The following report incorrectly includes developer dues of $23,000. The $12,30 number they include as the actual amount is correct. In addition, some items were placed in the wrong category, but it does include all expenses.
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