A decade of Gatefield's financial history, from annual dues to cash reserves.
Complete financial history from 2017 through the 2026 projection.
| Year | Start Balance | Revenue | Expenses | Net Flow | End Balance |
|---|---|---|---|---|---|
| 2017 | - | $17,700 | $24,685 | -$6,985 | $24,278 |
| 2018 | $24,278 | $18,000 | $15,263 | +$2,737 | $27,014 |
| 2019 | $27,014 | $15,200 | $21,261 | -$6,061 | $20,953 |
| 2020 | $20,953 | $10,800 | $23,864 | -$13,064 | $7,889 |
| 2021 | $7,889 | $17,200 | $19,700 | -$2,500 | $5,389 |
| 2022 | $5,389 | $25,935 | $21,894 | +$4,041 | $9,430 |
| 2023 | $9,430 | $25,000 | $22,457 | +$2,543 | $11,973 |
| 2024 | $11,973 | $22,000 | $27,402 | -$5,402 | $6,571 |
| 2025 | $6,571 | $26,400 | $29,995 | -$3,595 | $2,975 |
| 2026 (Proj) | $2,975 | $26,400 | $22,900 | +$3,500 | $6,475 |
Several factors explain the year-to-year fluctuations in our financial history.
2017-2018: Major tree removal and landscaping projects resulted in higher expenses. The association invested in long-term property improvements.
2019-2020: Dues decreased as some households faced financial hardship. Expenses remained steady, drawing down reserves.
2021: Continued recovery period with conservative spending and gradual dues normalization.
2022-2023: Return to full dues collection ($1,200/household). Stable operations with positive cash flow.
2024-2025: Increased investment in special projects including tree removal phases and entrance improvements. Higher expenses but necessary for property maintenance.
2026 (Projected): Return to positive cash flow with stabilized expenses and full revenue collection. The projected $10,070 ending balance provides healthy reserves for future needs.