• Chastity C

Budgets - What's in them?

Condo & Coop Association Boards must deliver an annual budget for all unit owners to review. ETPM creates as detailed a budget as possible because we feel transparency is the best way to discuss the financial health of the building. Below are most of the line items we will include in a budget.


Income

  • Association Fee Income

  • Other Income


Expenses

  • Accountant Fees - Annual

  • Backflow Preventer Inspection - Annual Contract

  • Bank Fees

  • 
Elevator Maintenance - Annual Contract

  • Elevator Inspections - Monthly

  • Brake Maintenance - Annual

  • Elevator Cat 1 - Annual

  • Elevator Cat 5 - 5 years

  • Fire Alarm Monitoring - Annual Contract

  • 
Fire Extinguisher Inspections - Annual Contract

  • Insurance - Annual Contract

  • Internet Line
 - Month to Month

  • Landscaping - As scheduled

  • Legal Fees - As needed

  • Monthly Management Fees
 - Annual Contract

  • Pest Control
 - As scheduled

  • Pest Control - Trash Chute Treatment

  • Sprinkler Monthly Inspections - Annual Contract

  • Supplies - Quarterly expense

  • 
Taxes
 - Annual

  • Telephone - Elevator
 - Monthly

  • Utilities

  • Electricity - Con Ed - Monthly

  • Gas National - Grid - Monthly

  • Water - NYC DEP - Monthly

  • Budget Reserves
 - Monthly




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