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Upcoming Events
Monthly Board Meeting
6:30pm, Wednesday, July 17, 2019
Ole's, 600 E Sandy Lake Rd #106, Coppell, TX 75019
Monthly Board Meeting
6:30pm, Wednesday, August 21, 2019
Ole's, 600 E Sandy Lake Rd #106, Coppell, TX 75019
Family Fun Day Event
Sat, Aug 31, 2019
MacArthur Park and Allen Road Park
Monthly Board Meeting
6:30pm, Wednesday, September 18, 2019
Ole's, 600 E Sandy Lake Rd #106, Coppell, TX 75019
Monthly Board Meeting
6:30pm, Wednesday, October 16, 2019
Ole's, 600 E Sandy Lake Rd #106, Coppell, TX 75019
Monthly Board Meeting
6:30pm, Wednesday, November 20, 2019
Ole's, 600 E Sandy Lake Rd #106, Coppell, TX 75019
Monthly Board Meeting
6:30pm, Wednesday, December 18, 2019
Ole's, 600 E Sandy Lake Rd #106, Coppell, TX 75019

2018 Lakes of Coppell Budget

The 2018 Lakes of Coppell Budget was approved at the October LOC Board meeting.  Noted below is a summary of the new budget.  If you have any questions, please feel free to contact Donna Haster at CMA (972-943-2863).

Item 2018 Description
Revenues
Assessments LOC homes $595,602.37 Assessments are based on each owner paying $.1155 for every $100.00 valuation assessed by the county.
Other Income $855.36 Interest earned on invested funds in the short-term and the reserve account.
Total $596,457.73

Expenses
Management Fees $53,937.60 An agreement has been negotiated to provide the Association with a full-service management program, including finance and accounting services, administrative and clerical services and physical property supervision, contract negotiation and day-to-day representation of the Association.
Professional Fees $23,300.00 Audit, Tax Preparation, Reserve Study, Community Mailings, Other Professional Fees & Welcome Packets
Supplies $21,659.20 Postage, envelopes, labels, file folders, assessment statements, copies, faxes & scanned documents.
Insurance $22,172.42 Premiums for GL, Property, Auto, Fidelity and Directors & Officers Insurance Coverage.
Taxes $325.00 Federal Income Taxes, Property Taxes and Franchise Fee.
Other Miscellaneous $8,137.02 Bank charges, bad debt and record storage.
Community Activities $16,108.00 Community Activities includes Annual Meeting expense and Block Party.
Landscape & Common Area Maintenance
Utilities $71,000.00 Water and electric charges for the common areas.
Maintenance $181,043.60 Landscape maintenance and holiday decorations for the common areas.
Fountains $16,000.00 Fountain repair for the common areas.
Irrigation $15,000.00 Irrigation repair for the common areas.
Lakes $15,029.24 Lake maintenance and chemicals.
Repair & Replacement Reserves $15,029.24 Funds set aside for future repair and replacement of commonly owned assets of the Association.
Total $596,457.73