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|
Aug 04 Income Statement
Actual vs. Budget
For the Eight Months Ended August 31,2004
| |
1/1/2004 |
- |
8/31/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
78,975.00 |
78,975.00 |
0 |
| Int Income Ops |
378.18 |
666.68 |
-288.5 |
| Newsletter Ads |
0 |
100 |
-100 |
| POA Packets |
150 |
166.68 |
-16.68 |
| _DivInc |
331.77 |
333.36 |
-1.59 |
| _IntInc |
2,209.47 |
4,146.00 |
-1,936.53 |
| TOTAL INCOME |
82,044.42 |
84,387.72 |
-2,343.30 |
| |
|
|
|
| EXPENSES |
|
|
|
| Copying |
38.31 |
666.68 |
628.37 |
| Dues |
0 |
213.36 |
213.36 |
| Education |
298.3 |
133.36 |
-164.94 |
| Grounds Maint. |
21,191.55 |
22,506.68 |
1,315.13 |
| Insurance |
1,818.80 |
1,800.00 |
-18.8 |
| Legal |
325.37 |
1,000.00 |
674.63 |
| Maintenance |
0 |
666.68 |
666.68 |
| Meeting Space |
0 |
381.36 |
381.36 |
| Miscellaneous |
816.45 |
733.36 |
-83.09 |
| Newsletter |
144.22 |
800 |
655.78 |
| Postage |
246.9 |
438.68 |
191.78 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
1,734.00 |
1,734.00 |
| Fence |
0 |
10,144.00 |
10,144.00 |
| TOTAL Reserves |
0 |
11,878.00 |
11,878.00 |
| Snow Removal |
1,930.00 |
2,000.00 |
70 |
| Supplies |
204.19 |
233.36 |
29.17 |
| Taxes -Other |
0 |
33.36 |
33.36 |
| Trash |
18,979.84 |
19,200.00 |
220.16 |
| Tree & Shrub |
3,615.00 |
11,020.00 |
7,405.00 |
| Website |
14.85 |
291.36 |
276.51 |
| TOTAL EXPENSES |
49,623.78 |
73,996.24 |
24,372.46 |
| |
|
|
|
| OVERALL TOTAL |
32,420.64 |
10,391.48 |
22,029.16 |
Aug 04 Balance Sheet
As of 8/31/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
-4,423.33 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
80,888.15 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
82,060.16 |
| |
|
| Other Assets |
|
| Accrued Interest |
0 |
| AR -Assessments |
7,480.00 |
| AR -Other |
52.16 |
| AR -Penalties |
1,800.00 |
| Prepaid Expense |
458.44 |
| Prepaid Taxes |
2,315.00 |
| TOTAL Other Assets |
12,105.60 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
60,756.31 |
| Certificates of Deposit -E*Trade |
25,437.27 |
| Schwab Investments |
146,656.56 |
| TOTAL Investments |
232,850.14 |
| |
|
| TOTAL ASSETS |
327,015.90 |
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
0 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
1,076.00 |
| TOTAL Other Liabilities |
48,251.00 |
| |
|
| TOTAL LIABILITIES |
48,251.00 |
| |
|
| OVERALL TOTAL |
278,764.90 |
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