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