|
|
Income Statement -- Actual vs. Budget
For the Eight Months Ending August 31, 2005
|
Actual |
Budget |
Difference |
|
|
|
(prorated)
|
|
|
|
|
|
|
|
INCOME |
|
|
|
|
Assessments |
78,975.00 |
78,975.00 |
0 |
|
Int Income Ops |
511.93 |
400.00 |
111.93 |
|
Late Fees & Penalties |
1,110.00 |
0 |
1,110.00 |
|
POA Packets |
325.00 |
166.68 |
158.32 |
|
_DivInc |
404.60 |
400.00 |
4.60 |
|
_IntInc |
1,439.15 |
2,713.36 |
-1,274.21 |
|
TOTAL INCOME |
82,765.68 |
82,655.04 |
110.64 |
|
|
|
|
|
|
EXPENSES |
|
|
|
|
Accounting |
400.00 |
400.00 |
0 |
|
Copying |
555.99 |
466.68 |
-89.31 |
|
Dues |
275.00 |
320.00 |
45.00 |
|
Education |
0 |
133.36 |
133.36 |
|
Grounds Maint. |
21,060.27 |
22,360.00 |
1,299.73 |
|
Insurance |
1,880.40 |
1,850.00 |
-30.40 |
|
Legal |
621.93 |
1,000.00 |
378.07 |
|
Maintenance |
811.43 |
666.68 |
-144.75 |
|
Management Fees |
0 |
480.00 |
480.00 |
|
Meeting Space |
100.00 |
0 |
-100.00 |
|
Miscellaneous |
435.17 |
1,000.00 |
564.83 |
|
Newsletter |
266.21 |
576.68 |
310.47 |
|
Postage |
419.43 |
319.36 |
-100.07 |
|
Reserves |
|
|
|
| Entrance Signs
|
0 |
1,734.00 |
1,734.00 |
| Roads
|
0 |
9,519.00 |
9,519.00 |
|
TOTAL Reserves |
0 |
11,253.00 |
11,253.00 |
|
Snow Removal |
1,180.00 |
2,000.00 |
820.00 |
|
Supplies |
564.15 |
433.36 |
-130.79 |
|
Taxes -Other |
0 |
33.36 |
33.36 |
|
Trash |
19,431.76 |
19,771.36 |
339.6 |
|
Tree & Shrub |
9,634.39 |
8,500.00 |
-1,134.39 |
|
Website |
167.40 |
112.00 |
-55.40 |
|
TOTAL EXPENSES |
57,803.53 |
71,675.84 |
13,872.31 |
|
|
|
|
|
|
OVERALL TOTAL |
24,962.15 |
10,979.20 |
13,982.95 |
|
|
|
|
|
Balance Sheet
As of 8/31/2005
|
ASSETS |
|
|
Cash and Bank Accounts |
|
|
Cash -Checking |
1,165.35 |
|
Cash -Money Mkt |
0 |
|
Cash Capital Improvement Fund |
5,595.34 |
|
Cash Depository |
55,311.30 |
|
Cert of Deposit |
0 |
|
Cash on Hand |
0 |
|
TOTAL Cash and Bank Accounts |
62,071.99 |
|
|
|
|
Other Assets |
|
|
Accrued Interest |
73.00 |
|
AR -Assessments |
-330.00 |
|
AR -Other |
0 |
|
AR -Penalties |
1,110.00 |
|
Prepaid Expense |
473.04 |
|
Prepaid Taxes |
1,239.00 |
|
TOTAL Other Assets |
2,565.04 |
|
|
|
|
Investments |
|
|
Certificates of Deposit -Capital One |
61,397.05 |
|
Certificates of Deposit -E*Trade |
26,136.02 |
|
Schwab Investments |
191,875.64 |
|
Vanguard |
0 |
|
TOTAL Investments |
279,408.71 |
|
|
|
|
TOTAL ASSETS |
344,045.74 |
|
|
|
|
LIABILITIES |
|
|
Other Liabilities |
|
|
Account Payable |
772.97 |
|
Deferred Assess Payable |
47,175.00 |
|
Prepaid Assess |
0 |
|
Prepaid Other |
0 |
|
Taxes Payable |
539 |
|
Unrealized gain (loss) |
0 |
|
TOTAL Other Liabilities |
48,486.97 |
|
|
|
|
TOTAL LIABILITIES |
48,486.97 |
|
|
|
|
OVERALL TOTAL |
295,558.77 |
|
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