Carriage Hills Homeowners Association
Mobile, AL
2025 Financial Information
Your dues go towards maintaining our entrances, paying utility bills, sending out an annual newsletter, sponsoring a Yard of the Month award, and other expenses.
Our Fixed Expenses consist of:
- Grass cutting - $300/month = $3600/year
- Electric bill for entrance lights - $75/month = $900/year
- Water bill - $15/month = $180/year
- Newsletter - $600/year
Total Fixed Expenses - $5280/year
We have landscaping expenditures that vary from year to year. These can be for cleaning up the Phaeton Dr entrance, or for other special projects on the Royal Carriage median. These expenditures can vary from $500 to $2000 per year. We have other misc expenditures such as signage, American flag replacement, and Yard of the Month gift cards. These can vary from $100 to $500 per year.
Total Variable Expenses - $600 to $2500/year
We have 2 maintenance/improvement projects that we would like to complete this year with your help:
- Replace rotted sign at Phaeton Dr entrance - $1800
- Install additional sod on lower Royal Carriage median - $2500
Income
| Total number of households | 521 |
| Annual dues per household | $40 |
| Participation rate | 31.31% |
| Dues | $6524.36 |
| Donations | $261.93 |
| Total income - Jan 1-Mar 31, 2025 | $6786.29 |
Fixed Expenses
| Grass cutting (Appx $300/mo) | $(600.00) |
| Electricity (Appx $75/mo) | $(225.24) |
| Water (Appx $18/mo + usage) | $(50.76) |
| Total fixed expenses - Jan 1-Mar 31, 2025 | $(876.00) |
Variable expenses
| Newsletter | $(541.16) |
| Yard of the Month | $(0.00) |
| Landscaping | $(0.00) |
| PO Box | $(256.00) |
| Total variable expenses - Jan 1-Mar 31, 2025 | $(797.16) |
Summary
| Beginning balance - Jan 1, 2025 | $191.04 |
| Income | $6786.29 |
| Fixed expenses | $(876.00) |
| Variable expenses | $(797.16) |
| Ending balance - March 31, 2025 | $5304.17 |
