The very best sunsets are at Driftwood Sands overlooking the Gulf of Mexico.
Driftwood Sands is a cozy beachfront 45 unit complex in Indian Rocks Beach.
About Driftwood Sands
Prestigious Driftwood Sands (DWS) is a private beachfront complex located in scenic Indian Rocks Beach, Florida overlooking the Gulf of Mexico and its timeless sunsets.
The spacious condominiums feature 2-4 bedrooms, with many master bedroom suites overlooking the Gulf of Mexico, large double or walk in closets, laundry room, garage private storage lockers and private balconies all with gulf views.
The complex is a well-managed community with an active Board of Directors, Building maintenance superintendent, grounds committee and Property Management Company.
Amenities include assigned covered & guest parking, dual elevators, library/meeting suite, shuffleboard, poolside restrooms, direct beach access, outdoor shower, a beachfront pool, sundeck with lounge chairs and tables, and a waterfront covered pavilion equipped with gas/charcoal barbeques, granite countertop, sink and serving areas for all your entertaining needs. The Pavilion may be partially reserved by owners for private or family gatherings.
Dri□wood Sands Condominium
Associa□on, Inc.
Approved Budget
Approval Date: _October 4, 2024___
for 01/01/2025 to 12/31/2025
2024 Approved
w/Full
Reserves
2024 %
Increase
(Decrease)
2025 Projected
2025
Increase
INCOME
OPERATING INCOME
TOTAL OPERATING INCOME
OTHER INCOME
TOTAL OTHER INCOME
TOTAL INCOME
EXPENSES & RESERVE FUNDING
MAINTENANCE & REPAIR
TOTAL MAINTENANCE & REPAIR
UTILITIES
TOTAL UTILITIES
1010-Maintenance Fees
432,032.00
9.57%
2.60%
1018-Prepaid Assessments
0.00
0.00%
1040-Misc Income
0.00
0.00%
1045-Kayak Storage
1,200.00
0.00%
500
1050-Applica□on Fees
3,000.00
0.00%
4000
1060-Late Fees
0.00
0.00%
1800-Opera□ng Interest
0.00
0.00%
436,232.00
9.47%
447,749
4500
Non-fee income
1900-Special Assessment
20,000.00
100.00%
7735 Assessment rollover
1908-Transfer from Reserves
24,000.00
100.00%
29394
1995-Unallocated RSV Interest
0.00
0.00%
44,000.00
100.00%
37129
480,232.00
20.51%
484,878 must match M90
2020-Pool/Pool Heater
2,000.00
-55.56%
2,000
2021-Unbudgeted Pool Chemicals
5,000.00
100.00%
5,000
2040-Building Repair
15,000.00
50.00%
15,000
2042-Building Generator
0.00
0.00%
3,000
2050-Building Supply
8,500.00
70.00%
10,000
Dedicated Maintenance
89,400.00
22.47%
76,000
2060-Elevator
12,250.00
131.13%
13,000
2061-Elevator Monitoring
1,237.00
14.54%
1,500
2071-Grounds - Maintenance
3,000.00
-14.29%
3,000
2072-Fer□liza□on & Pes□cides
750.00
-50.00%
750
2078-Fire Alarm
5,000.00
400.00%
5,000
2080-Extermina□ng
2,000.00
33.33%
750
144,137.00
35.49%
135,000.00
4010-Electric
9,350.00
-5.22%
10,000
4020-Water
8,803.00
7.35%
9,500
4025-Gas
8,396.00
55.48%
8,500
4030-Sewer
21,502.00
16.23%
24,000
4040-Trash
11,836.00
3.82%
12,250
4050-Telephone
2,136.00
11.83%
360
4070-Cable TV / Internet
40,964.00
7.80%
44,000
102,987.00
10.41%
108,610
443,249
ADMINISTRATIVE
TOTAL ADMINISTRATIVE
TOTAL OPERATING EXPENSES
RESERVE FUNDING
TOTAL RESERVE FUNDING
MISCELLANEOUS DISBURSEMENTS
State Mandated Budget Items
5010-Management Fee
14,166.00
4.97%
10,500
5011-Office
3,100.00
72.22%
2,000
5015-Division Fees/Corp Fee
242.00
0.00%
250
5016-License & Fees
325.00
-13.33%
350
5020-Rental Applica□on
0.00
0.00%
5026-Website Expense
175.00
0.00%
150
5030-Professional Fees
2,000.00
0.00%
2,500
5032-Accrued Collec□on Income
0.00
0.00%
5036-IRS Taxes & Tax Prep
500.00
-66.67%
1,500
79,250.00
21.92%
es□mate for 2025 - 81,932 actual in 2024 = 12.5%
5045-Flood Insurance
23,500.00
65.96%
actual 2024 $19,193) = 18.5% increase
100.00
0.00%
Workers Comp As per quote
123,358.00
24.80%
133268
370,482.00
24.11%
376878
9010-Pain□ng
0.00
0.00%
9020-Roofing
0.00
0.00%
9030-Paving
0.00
0.00%
9040-Pooled Reserves
100,000.00
0.00%
80,000
9051-Balcony/Landings
0.00
0.00%
9052-Gazebo/Deck
0.00
0.00%
9060-Seawall
0.00
0.00%
9064-Elevator
0.00
0.00%
9065-Generator
0.00
0.00%
9070-Pool/Pool Heater
0.00
0.00%
9075-Hazard Insurance
0.00
0.00%
9076-Flood Insurance
0.00
0.00%
9087-Entry Doors
0.00
0.00%
9090-Deferred Maintenance
0.00
0.00%
28,000
9095-Reserve Interest
0.00
0.00%
7,000
100,000.00
0.00%
115,000
10550-Prior Year Expense
0.00
0.00%
10590-Special Assmt Disb
0.00
0.00%
0.00
0.00%
TOTAL DISBURSEMENTS
470,482.00
18.06%
484,878
NET(INCOME LESS DISBURSEMENTS)
9,750.00
100.00%
1010-Maintenance Fees
N/A
Taxes upon associa□on property
N/A
Taxes upon leased areas
N/A
Opera□ng Capital
N/A
Security provisions
N/A
TOTAL MISCELLANEOUS DISBURSEMENT
Rent for recrea□onal/other commonly u
5040-Insurance
92,123
22,750
Payroll Admin Costs
1,145
2143
Driftwood Sands
Approved Oct. 4, 2024
Reserve Funding
108000
115000
117,875
120822
123842
126938
130112
1
2
3
4
5
6
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,000
0
0
0
100,000
0
0
0
0
60,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,000
0
0
0
0
0
0
0
50,000
0
0
0
0
0
0
0
24,000
3,000
3,000
3,000
3,000
10,000
3,500
84,000
3,000
103,000
3,000
3,000
55,000
53,500
25,750
26,394
27,054
27,730
28,423
29,134
29,862
109,750
29,394
130,054
30,730
31,423
84,134
83,362
0
1,606
3,253
4,940
6,670
8,443
25,750
26,394
27,054
27,730
28,423
29,134
29,862
28,000
28,700
29418
30153
30907
31679
1,606
3,253
4,940
6,670
8,443
10,260
241,904
327,510
315,332 405,424 497,843 540,648 587,397
ITEM DESCRIPTION
2024
2025
2026
2027
2028
2029
2030
Total
9010-Painting
9020-Roofing
9030-Paving
9051-Balcony/Landings
9052-Gazebo/Deck
9060-Seawall
9064-Elevator
9065-Generator
9070-Pool/Pool Heater
9087-Entry Doors
Capital Total
9090-Deferred Maintenance
PROJECTED CASH FLOW:
Projected Beginning Cash Balance Structural
Less: Projected Cash Outflows
Plus: Annual Reserve Funding Requirement
Less proposed transfer to Operating
Projected Ending Cash Balance
Projected Beginning Cash Balance Maintenance
Less: Projected Cash Outflows
Plus: Annual Reserve Funding Requirement
Less proposed transfer to Operating
Projected Ending Cash Balance
Projected Ending Reserve Cash Balance
225,904
325,904
312,079
400,483
491,173
532,205
84,000
3,000
103,000
3,000
3,000
55,000
53,500
100,000
241,904
312,079
400,483
491,173
532,205
577,137
241,904
87,000
89,175
91,404
93,689
96,032
98,433
325,904
Dri□wood Sands Condominium Associa□on, Inc.
Maintenance Fees
Approved Fee Schedule for Year
for 01/01/2025 to 12/31/2025
Approval Date: __October 4, 2024_____
Maintenance Fees With Fully Funded Reserves
Class Type % of Own
# Units % Own by Class
2025
Approved
Monthly
2025
Approved
Annual
$783
$765
$883
$1,234
$802
$813
$768
Totals
45.00
100.000000%
443,249
Descrip□on
2024
Approved
Monthly
2024
Approved
Annual
Maintenance Fee
MN1
2.120000%
5
10.600000%
763
45,795
46,984
Maintenance Fee
MN2
2.070000%
20
41.400000%
745
178,861
183,505
Maintenance Fee
MN3
2.390000%
1
2.390000%
860
10,326
10,594
Maintenance Fee
MN4
3.340000%
4
13.360000%
1,202
57,719
59,218
Maintenance Fee
MN5
2.170000%
5
10.850000%
781
46,875
48,093
Maintenance Fee
MN6
2.200000%
5
11.000000%
792
47,524
48,757
Maintenance Fee
MN7
2.080000%
5
10.400000%
749
44,931
46,098
443,249
432,032
Number of Payments Each Year
12
Associa□on, Inc.
Approved Budget
Approval Date: _October 4, 2024___
for 01/01/2025 to 12/31/2025
2024 Approved
w/Full
Reserves
2024 %
Increase
(Decrease)
2025 Projected
2025
Increase
INCOME
OPERATING INCOME
TOTAL OPERATING INCOME
OTHER INCOME
TOTAL OTHER INCOME
TOTAL INCOME
EXPENSES & RESERVE FUNDING
MAINTENANCE & REPAIR
TOTAL MAINTENANCE & REPAIR
UTILITIES
TOTAL UTILITIES
1010-Maintenance Fees
432,032.00
9.57%
2.60%
1018-Prepaid Assessments
0.00
0.00%
1040-Misc Income
0.00
0.00%
1045-Kayak Storage
1,200.00
0.00%
500
1050-Applica□on Fees
3,000.00
0.00%
4000
1060-Late Fees
0.00
0.00%
1800-Opera□ng Interest
0.00
0.00%
436,232.00
9.47%
447,749
4500
Non-fee income
1900-Special Assessment
20,000.00
100.00%
7735 Assessment rollover
1908-Transfer from Reserves
24,000.00
100.00%
29394
1995-Unallocated RSV Interest
0.00
0.00%
44,000.00
100.00%
37129
480,232.00
20.51%
484,878 must match M90
2020-Pool/Pool Heater
2,000.00
-55.56%
2,000
2021-Unbudgeted Pool Chemicals
5,000.00
100.00%
5,000
2040-Building Repair
15,000.00
50.00%
15,000
2042-Building Generator
0.00
0.00%
3,000
2050-Building Supply
8,500.00
70.00%
10,000
Dedicated Maintenance
89,400.00
22.47%
76,000
2060-Elevator
12,250.00
131.13%
13,000
2061-Elevator Monitoring
1,237.00
14.54%
1,500
2071-Grounds - Maintenance
3,000.00
-14.29%
3,000
2072-Fer□liza□on & Pes□cides
750.00
-50.00%
750
2078-Fire Alarm
5,000.00
400.00%
5,000
2080-Extermina□ng
2,000.00
33.33%
750
144,137.00
35.49%
135,000.00
4010-Electric
9,350.00
-5.22%
10,000
4020-Water
8,803.00
7.35%
9,500
4025-Gas
8,396.00
55.48%
8,500
4030-Sewer
21,502.00
16.23%
24,000
4040-Trash
11,836.00
3.82%
12,250
4050-Telephone
2,136.00
11.83%
360
4070-Cable TV / Internet
40,964.00
7.80%
44,000
102,987.00
10.41%
108,610
443,249
ADMINISTRATIVE
TOTAL ADMINISTRATIVE
TOTAL OPERATING EXPENSES
RESERVE FUNDING
TOTAL RESERVE FUNDING
MISCELLANEOUS DISBURSEMENTS
State Mandated Budget Items
5010-Management Fee
14,166.00
4.97%
10,500
5011-Office
3,100.00
72.22%
2,000
5015-Division Fees/Corp Fee
242.00
0.00%
250
5016-License & Fees
325.00
-13.33%
350
5020-Rental Applica□on
0.00
0.00%
5026-Website Expense
175.00
0.00%
150
5030-Professional Fees
2,000.00
0.00%
2,500
5032-Accrued Collec□on Income
0.00
0.00%
5036-IRS Taxes & Tax Prep
500.00
-66.67%
1,500
79,250.00
21.92%
es□mate for 2025 - 81,932 actual in 2024 = 12.5%
5045-Flood Insurance
23,500.00
65.96%
actual 2024 $19,193) = 18.5% increase
100.00
0.00%
Workers Comp As per quote
123,358.00
24.80%
133268
370,482.00
24.11%
376878
9010-Pain□ng
0.00
0.00%
9020-Roofing
0.00
0.00%
9030-Paving
0.00
0.00%
9040-Pooled Reserves
100,000.00
0.00%
80,000
9051-Balcony/Landings
0.00
0.00%
9052-Gazebo/Deck
0.00
0.00%
9060-Seawall
0.00
0.00%
9064-Elevator
0.00
0.00%
9065-Generator
0.00
0.00%
9070-Pool/Pool Heater
0.00
0.00%
9075-Hazard Insurance
0.00
0.00%
9076-Flood Insurance
0.00
0.00%
9087-Entry Doors
0.00
0.00%
9090-Deferred Maintenance
0.00
0.00%
28,000
9095-Reserve Interest
0.00
0.00%
7,000
100,000.00
0.00%
115,000
10550-Prior Year Expense
0.00
0.00%
10590-Special Assmt Disb
0.00
0.00%
0.00
0.00%
TOTAL DISBURSEMENTS
470,482.00
18.06%
484,878
NET(INCOME LESS DISBURSEMENTS)
9,750.00
100.00%
1010-Maintenance Fees
N/A
Taxes upon associa□on property
N/A
Taxes upon leased areas
N/A
Opera□ng Capital
N/A
Security provisions
N/A
TOTAL MISCELLANEOUS DISBURSEMENT
Rent for recrea□onal/other commonly u
5040-Insurance
92,123
22,750
Payroll Admin Costs
1,145
2143
Driftwood Sands
Approved Oct. 4, 2024
Reserve Funding
108000
115000
117,875
120822
123842
126938
130112
1
2
3
4
5
6
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,000
0
0
0
100,000
0
0
0
0
60,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,000
0
0
0
0
0
0
0
50,000
0
0
0
0
0
0
0
24,000
3,000
3,000
3,000
3,000
10,000
3,500
84,000
3,000
103,000
3,000
3,000
55,000
53,500
25,750
26,394
27,054
27,730
28,423
29,134
29,862
109,750
29,394
130,054
30,730
31,423
84,134
83,362
0
1,606
3,253
4,940
6,670
8,443
25,750
26,394
27,054
27,730
28,423
29,134
29,862
28,000
28,700
29418
30153
30907
31679
1,606
3,253
4,940
6,670
8,443
10,260
241,904
327,510
315,332 405,424 497,843 540,648 587,397
ITEM DESCRIPTION
2024
2025
2026
2027
2028
2029
2030
Total
9010-Painting
9020-Roofing
9030-Paving
9051-Balcony/Landings
9052-Gazebo/Deck
9060-Seawall
9064-Elevator
9065-Generator
9070-Pool/Pool Heater
9087-Entry Doors
Capital Total
9090-Deferred Maintenance
PROJECTED CASH FLOW:
Projected Beginning Cash Balance Structural
Less: Projected Cash Outflows
Plus: Annual Reserve Funding Requirement
Less proposed transfer to Operating
Projected Ending Cash Balance
Projected Beginning Cash Balance Maintenance
Less: Projected Cash Outflows
Plus: Annual Reserve Funding Requirement
Less proposed transfer to Operating
Projected Ending Cash Balance
Projected Ending Reserve Cash Balance
225,904
325,904
312,079
400,483
491,173
532,205
84,000
3,000
103,000
3,000
3,000
55,000
53,500
100,000
241,904
312,079
400,483
491,173
532,205
577,137
241,904
87,000
89,175
91,404
93,689
96,032
98,433
325,904
Dri□wood Sands Condominium Associa□on, Inc.
Maintenance Fees
Approved Fee Schedule for Year
for 01/01/2025 to 12/31/2025
Approval Date: __October 4, 2024_____
Maintenance Fees With Fully Funded Reserves
Class Type % of Own
# Units % Own by Class
2025
Approved
Monthly
2025
Approved
Annual
$783
$765
$883
$1,234
$802
$813
$768
Totals
45.00
100.000000%
443,249
Descrip□on
2024
Approved
Monthly
2024
Approved
Annual
Maintenance Fee
MN1
2.120000%
5
10.600000%
763
45,795
46,984
Maintenance Fee
MN2
2.070000%
20
41.400000%
745
178,861
183,505
Maintenance Fee
MN3
2.390000%
1
2.390000%
860
10,326
10,594
Maintenance Fee
MN4
3.340000%
4
13.360000%
1,202
57,719
59,218
Maintenance Fee
MN5
2.170000%
5
10.850000%
781
46,875
48,093
Maintenance Fee
MN6
2.200000%
5
11.000000%
792
47,524
48,757
Maintenance Fee
MN7
2.080000%
5
10.400000%
749
44,931
46,098
443,249
432,032
Number of Payments Each Year
12