Terry Harbor Property Owners' Association September 2025 - 2026 Financial Statement
BEGINNING BALANCE $8,427.00
Dues 8,726.00
Camera credit from 2025 3,245.00
Cash Donations 625.00
*legacy variance 2,051.00
$23,074.00
EXPENSES
Insurance 796.00
Demco 467.00
Camera payment-Data Plan 3,204.00
Website-Domain-Online payment fees 261.00
Clerk of Court access and state filing fees 135.00
*Post Office Box/Newsletter/Office supplies 889.00
Message Board at Entry 3,427.00
Events 229.00
*Grounds/Sign Maintenance 1,057.00
$10,465.00
$23,074.00
- 10,465.00
Balance as of September 2026 12,609.00
*DISASTER & GRANT RESERVE - $5,000.00
$7,609.00
*NOTES TO FINANCIAL STATEMENT
*A legacy variance is a discrepancy in the budget from a prior year that needs to be added or subtracted. $2,051.00 was added to the budget.
*The newsletter expenditures for 2025 and 2026 were both subtracted from the 2025-2026- fiscal-year.
*T.H.P.O.A. uses volunteer labor for common ground lawn care and maintenance. The fair market value of contract labor is estimated at $7,700.00. The total for this in-kind donation comes to $7,133.00. The board is mindful that this service may not always be donated and will have to be provided for.
*T.H.P.O.A. holds a board-designated reserve of $5,000.00 dedicated to insurance deductibles, disaster preparedness, and/or relief for common grounds. The restricted funds provide the capital needed to secure federal or state disaster-recovery grants.