How Much Interest Will the HOA's Money Earn in 2025?

Why did the Finance Committee estimate only $5,000 in interest earnings for 2025? That appears to be 90% low.

According to the PRM (Art. III, §C, ¶4 (e)), "The Annual Budget is to reflect historical and projected income and expenses."

The 2025 Approved Budget (Line 4700) includes $5,000 as the interest expected in 2025.

A typewritten sheet was included with the October 31, 2024 Financial Overview Report (distributed at the December 3, 2024 monthly board meeting that showed the HOA's money in the banks and at Edward Jones. 

All it showed were account balances, interest rates, and CD expiration dates. Anytime I see a typewritten sheet of numbers and not an Excel document, I make the calculations. See below:


It looks to me like a reasonable estimate of interest earnings is 2025 is $52,347. (This assumes 4% on the Money Market funds at Edward Jones.)

Why is the HOA estimating only $5,000 for Line 4700? If the HOA earns $52,347, where will that money be spent?

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