The developer’s first Budget contains the estimated costs of running the Corporation for the first year after the Condominium Corporation is registered. The Budget includes the estimated costs for maintenance and repair of the Common Elements, property management fees, audit and legal fees, insurance fees, reserve fund deposits, property management fees, snowplowing, landscaping, elevator service and maintenance, garbage removal costs and the cost of reserve funds studies. If the developer underestimates the project’s total amount of common expenses for the first year after the Condominium is registered, the Act requires the developer to pay the difference.