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Bainbridge Estates

Property Owners Association

 


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Financial Information


POA Finances

Budget for 2010 Fiscal Year

The actual 2009 Cash Flow (through 11/30/09) and proposed 2010 Budget may be found here.

Budget for 2009 Fiscal Year

Proposed Budget for 2009

Current Fiscal Year

2009

Historical Fiscal Data

2008

Cash Flow Statement (as of December 31))

Cash Flow Statement (as of September 30)

2007

Actual Expenses through December 2007

Actual Expenses through September 2007 and forecast for remainder of 2007

Actual Expenses through July 2007 and forecast for remainder of 2007

Actual Expenses through May 2007 and forecast for remainder of 2007

2006 - Actual Expenses through December 2006, and Proposed Budget for 2007

2005 - Financial reports for 2005 have not been posted.

2004 - Income Statement, Trend and Balance Sheet

2003 - Income Statement, Trend and Balance Sheet

2002 - Income Statement, Trend and Balance Sheet

2001 - This was the year that financial control of the POA was finally transferred from the original developers to the actual property owners. The 2001 Board of Directors found that the original developers either did not know how to budget correctly or purposely kept the AMA low to make home sales more attractive. For whatever reason, the 2001 budget was grossly underestimated and the POA would have experienced a deficit this year with the then current AMA of $600. In order to cover the actual 2001 expenses, the 2001 Board had to borrow money from our capital reserve fund and increase the 2001 annual maintenance assessment by $150. This increase in the 2001 AMA was due by 12/1/01. 

- Balance Sheets (as reported by Chaparral Management Company):

- Income Statements (as reported by Chaparral Management Company):

2000 - Financials were not provided by Chaparral Management Company

1999 - Financials were not provided by Chaparral Management Company

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Annual Maintenance Assessment (AMA)

What is the AMA?

Per the By-laws of the BE POA, the Board of Directors has the responsibility to notify in advance, in writing, each Owner of the annual maintenance assessment.

The AMA is due on January 1st of each year. AMAs not paid by January 1st are considered delinquent. Any assessments which are not paid when due shall be delinquent. If the assessment is not paid within thirty (30) days after the due date (i.e. by January 31st), the assessment shall bear interest from the date of delinquency at the rate of ten percent (10%) per annum, and the Association may bring an action at law against the Owner personally obligated to pay the same or foreclose the lien against the property, and interests, costs, and reasonable attorney's fees of any action shall be added to the amount of such assessment.

The assessments levied by the Association shall be used for;

  •  the purpose of promoting the comfort and convenience of the Members and/or the residents of the Properties,
     

  •  managing the Common Properties,
     

  •  enhancing the quality of life in the Properties, the properties, services, improvements and facilities devoted to or directly related to the use and enjoyment of the Common Properties, including, but not limited to, the payment of taxes on the Common Properties and insurance in connection therewith and the repair, replacement and additions thereto, including, but not limited to the establishment of a capital reserve fund
     

  •  paying the cost of labor, equipment (including the expense of leasing any equipment) and materials required for, and management and supervision of, the Common Properties,
     

  •  carrying out the powers and duties of the Board of Directors of the Association as set forth in this Declaration and the Bylaws,
     

  •  carrying out the powers and duties related to the Architectural Control Committee.

Payments and Delinquencies

January 1, xxxx

Assessment is DUE.

January 31, xxxx

Payments must be postmarked by January 31, 2007, otherwise the payment is late.

February 15, xxxx

A late charge of $25 will be posted to the property owner's account.

March 31, xxxx

An additional late charge and interest from and after the delinquency date is posted to the account and a Delinquent Notice is mailed.

April 30, xxxx

The third late charge and interest is posted to the account. The Final Delinquent notice is sent certified mail and the fee for sending a certified statement is posted to the account. The homeowner is notified of the right to a hearing before the Board of Directors.

May 15, xxxx

A title search is generally requested and the delinquent account is charged $25 for the title search. The Title Search is preliminary to filing a lien on the delinquent account.

May 31, xxxx

The delinquent account is referred to the Association’s attorney for a collection demand letter. The account is charged for the attorney demand letter. From this step in the collection policy forward, the delinquent account continues to incur late charges and interest as well as attorney fees.

Where to pay

Assessments should be remitted to:
Bainbridge Estates POA
PO Box 511
Spring, Texas 77383-0511

Note: DO NOT send payments to Chaparral Management Company

Payment plans

Should you need to establish a payment plan, please contact the Treasurer. If special circumstances exist, the Board of Directors will review the possibility of a payment plan. The Board of Directors urges you to request such a plan early. The Board does not have the authority to waive late charges and interest if such a plan is established.

AMA Historical Rate

Year 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
AMA $900 $900 $900 $900 $900 $900 $750 $750 $750 $600 $600

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POA Taxes

Our POA must pay taxes on the appraised value of our common properties and streets. The appraisals and tax rates are set by the Harris County Appraisal District.

Common Properties

Restricted Reserve "A"  Block 1 (Landscape Uses)

This is the 0.626 acre (2,725 ft2) landscaped frontage on Wied Road (adjacent to the lift station). HCAD Account # 1199890010047. (HCAD map 5169A6.) HCAD listed owner: Bainbridge Estates POA.

HCAD   MUD 36   KISD
Tax Year Appraised Value Tax Bill   Appraised Value Tax Bill   Appraised Value Tax Bill
2006                
2005 $100 $0.85   $100 $0.78   $100 $1.70
2004 $100 $0.82   $100 $0.83   $100 $1.70
2003 $100 $0.82   $100 $0.88   $100 $1.72
2002 $100 $0.82   $100 $0.89   $100 $1.72
2001 $100 $0.82   $100 $0.94   $100 $1.72
2000 $100     $100     $100  

Restricted Reserve "B" Block 1 (Detention Pond Uses)

This is the 3.589 acre (156,323 ft2) detention pond.  HCAD Account # 1199890010048. (HCAD map 5169A6.) HCAD listed owner: Northwest Harris Co. MUD 36. [Governmental exempt = $0 tax bill]

HCAD   MUD 36   KISD
Tax Year Appraised Value Tax Bill   Appraised Value Tax Bill   Appraised Value Tax Bill
2006                
2005 $0 $0   $0 $0   $0 $0
2004 $0 $0   $0 $0   $0 $0
2003 $0 $0   $0 $0   $0 $0
2002 $0 $0   $0 $0   $0 $0
2001 $7,800 $0   $7,800 $0   $7,800 $134.16
2000 $7,800     $7,800     $7,800  

Restricted Reserve "C" Block1 (Landscape & Utility Uses)

This is the 0.593 acre (2,581 ft2) landscaped frontage on Wied Road next to the church.  HCAD Account # 1199890010049. (HCAD map 5169A6.) HCAD listed owner: Bainbridge Estates Ltd.

HCAD   MUD 36   KISD
Tax Year Appraised Value Tax Bill   Appraised Value Tax Bill   Appraised Value Tax Bill
2006                
2005 $100 $0.85   $100 $0.78   $100 $1.70
2004 $100 $0.82   $100 $0.83   $100 $1.70
2003 $100 $0.82   $100 $0.88   $100 $1.72
2002 $100 $0.82   $100 $0.89   $100 $1.72
2001 $100 $0.82   $100 $0.94   $100 $1.72
2000 $100              

Private Streets

These are our 4.286 acres (186,705 ft2) of private streets. HCAD Account # 1199890020017. (HCAD maps 5169A5 and 5169A6.) HCAD listed owner: Bainbridge Estates POA.

HCAD   MUD 36   KISD
Tax Year Appraised Value Tax Bill   Appraised Value Tax Bill   Appraised Value Tax Bill
2006                
2005 $100 $0.85   $100 $0.78   $100 $1.70
2004 $100 $0.82   $100 $0.83   $100 $1.70
2003 $100 $0.82   $100 $0.88   $100 $1.72
2002 $9,300 $75.21   $9,300 $82.77   $9,300 $159.96
2001 $9,300 $75.63   $9,300 $87.42   $9,300 $159.96
2000 $9,300              

Tax Rates for the History of our Neighborhood

Taxing Authority 2006 2005 2004

2003

2002

2001

2000

1999

Harris County            

$0.85232

$0.85697

$0.81957

$0.81868 $0.80877 $0.81327 $0.81502 $0.81713
consisting of:                
County $0.40239

$0.39986

$0.39986

$0.38803 $0.38814 $0.38393 $0.35902 $0.39483
Flood Control $0.03241

$0.03322

$0.03318

$0.04174 $0.04174 $0.04758 $0.06173 $0.08000

School Equalization

$0.00629

$0.00629

$0.00629

$0.00629 $0.00629 $0.00629 $0.00629 0

Port Authority

$0.01302

$0.01474

$0.01673

$0.02000 $0.01989 $0.01826 $0.01830 $0.02040

Hospital District

$0.19216

$0.19216

$0.19021

$0.19021 $0.19021 $0.19021 $0.20268 $0.14650

North Harris/Montgomery County Community College

$0.11670

$0.1207

$0.1145

$0.1145 $0.1055 $0.1100 $0.1100 $0.1174

Emergency Services. District #7 (Fire)

$0.05935

$0.06000

$0.05880

$0.05791 $0.05700 $0.05753 $0.05700 $0.05800

Emergency Services. District #11 (EMS)

$0.03000

$0.03000

$0.03000

did not
exist

did not
exist
did not
exist
did not
exist
did not
exist

plus:

               
North Harris County Municipal Utility District #36 $0.78

$0.78

$0.83

$0.88 $0.89 $0.94 $0.99 $1.03

plus:

               
Klein Independent School District $1.58

$1.70

$1.70

$1.72 $1.72 $1.72 $1.67 $1.67

Note: All tax values shown per $100 in valuation.

Total Tax Contributions paid by Bainbridge Estates Property Owners (based on HCAD appraisal values)

Taxing Authority 2006 2005 2004

2003

2002

2001

2000

Harris County            

$204,359

$204,588

$203,419

$179,794 $146,943 $104,603 $58,974
consisting of:              
County $96,480

$95,460

$95,742

$85,217 $70,520 $49,349 $25,978
Flood Control $7,771

$7,931

$7,945

$9,167 $7,584 $6,116 $4,467

School Equalization

$1,508

$1,502

$1,506

$1,381 $1,143 $808 $455

Port Authority

$3,122

$3,519

$4,006

$4,392 $3,614 $2,347 $1,324

Hospital District

$46,074

$45,875

$45,544

$41,773 $34,559 $24,449 $14,666

North Harris/Montgomery County Community College

$27,981

$28,815

$27,416

$25,146 $19,168 $14,139 $7,959

Emergency Services. District #7 (Fire)

$14,230

$14,324

$14,079

$12,718 $10,356 $7,395 $4,124

Emergency Services. District #11 (EMS)

$7,193

$7,162

$7,183

did not
exist

did not
exist
did not
exist
did not
exist

plus:

             
North Harris County Municipal Utility District #36 $187,019

$186,213

$198,734

$193,261 $161,701 $120,825 $71,635

plus:

             
Klein Independent School District $378,833

$405,848

$407,045

$377,738 $312,502 $221,084 $120,839

Our total taxes paid by the 61 property owners to-date:

  •  Harris County = $1,102,681 since the year 1999 for an average of $18,077 per home
  •  N. Harris County MUD #36 = $1,119,387 since the year 1999 for an average of $18,351 per home
  •  Klein ISD = $2,223,887 since the year 1999 for an average of $36,457 per home
     

 

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This page was last modified 01/05/10 07:13 PM

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Bainbridge Estates Property Owners Association, P.O. Box 511, Spring, Texas 77383-0511
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