Unfortunately, we no longer have the 1977 budget exhibit produced by George Wimpey when it turned the development over to we owners.

However, we do know that Wimpey set the 3-bedroom common expense at $41.02 ($492.24 for the year) for the 78 3-bedroom units and the 4-bedroom common expense at $54.50 ($654.00/year) for the 24 4-bedroom units. The 1977 owners therefore contributed common expenses revenue to cover maintenance expenses and reserve funding totalling $54,090.72 . . . or $213,658 in 2017 dollars.

In 1978, the first Board set the 3-bedroom common expense at $45.20 and the 4-bedroom common expense at $59.79. This provided a total common expense revenue of $59,340.

Interest on our term deposit investments was estimated at $633 and fees collected for issuing "Estoppel Certificates" (1978 equivalent of today's status certificate) for new purchasers provided a further $282. Our total estimated revenue to run PCC154 for 1978 therefore totalled $60,255 . . . or $219,328 in today's dollars ($1 in 1978 worth $3.64 today).