Leewood Homeowners Association
Income Statement
Actual vs Budget
For the Period Ending August 31, 2006
|
1/1/2006 |
through |
8/31/2006 |
|
Actual |
Budget |
Difference |
| INCOME |
|
|
|
| Assessments |
78,975.00 |
78,975.00 |
- |
| Int Income Ops |
639.49 |
444 |
195.49 |
| Late Fees & Penalties |
420 |
0 |
420.00 |
| POA Packets |
225 |
166.68 |
58.32 |
| _DivInc |
469.99 |
400 |
69.99 |
| _IntInc |
4,700.87 |
6,270.68 |
(1,569.81) |
| TOTAL INCOME |
85,430.35 |
86,256.36 |
(826.01) |
|
|
|
|
| EXPENSES |
|
|
|
| Accounting |
400 |
400 |
- |
| Bad debts |
270 |
0 |
(270.00) |
| Copying |
825.02 |
1,266.68 |
441.66 |
| Dues |
290 |
300 |
10.00 |
| Education |
0 |
133.36 |
133.36 |
| Grounds Maint. |
23,400.00 |
22,212.00 |
(1,188.00) |
| Insurance |
1,705.29 |
2,500.00 |
794.71 |
| Legal |
3,922.94 |
1,000.00 |
(2,922.94) |
| Maintenance |
1,808.39 |
666.68 |
(1,141.71) |
| Meeting Space |
0 |
66.68 |
66.68 |
| Miscellaneous |
463.54 |
1,033.36 |
569.82 |
| Newsletter |
0 |
333.36 |
333.36 |
| Postage |
1,308.37 |
597.36 |
(711.01) |
| |
|
|
|
| Reserves |
|
|
|
| Curbs |
3,402.00 |
3,500.00 |
98.00 |
| Roads |
0 |
41,500.00 |
41,500.00 |
| TOTAL Reserves |
3,402.00 |
45,000.00 |
41,598.00 |
|
|
|
|
| Snow Removal |
705 |
2,000.00 |
1,295.00 |
| Supplies |
490.19 |
453.36 |
(36.83) |
| Taxes -Other |
50 |
50 |
- |
| Trash |
26,351.37 |
22,381.36 |
(3,970.01) |
| Tree & Shrub |
14,524.57 |
9,333.36 |
(5,191.21) |
| Website |
167.4 |
112 |
(55.40) |
| TOTAL EXPENSES |
80,084.08 |
109,839.56 |
29,755.48 |
|
|
|
|
| OVERALL TOTAL |
5,346.27 |
-23,583.20 |
28,929.47 |
Leewood Homeowners Association
Balance Sheet
8/31/2006
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
3,259.79 |
| Cash -Money Mkt |
0 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
27,608.56 |
| Cert of Deposit |
0 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
36,463.69 |
|
|
| |
|
| Other Assets |
|
| Accrued Interest |
415.11 |
| AR -Assessments |
135 |
| AR -Other |
0 |
| AR -Penalties |
1,060.00 |
| Prepaid Expense |
410.75 |
| Prepaid Taxes |
1,831.00 |
| TOTAL Other Assets |
3,851.86 |
|
|
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
63,904.77 |
| Certificates of Deposit -E*Trade |
27,142.60 |
| Schwab Investments |
222,725.80 |
| Vanguard |
0 |
| TOTAL Investments |
313,773.17 |
|
|
| |
|
| TOTAL ASSETS |
354,088.72 |
|
|
| |
|
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
2,380.67 |
| Deferred Assess Payable |
48,625.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
1,437.00 |
| Unrealized gain (loss) |
0 |
| TOTAL Other Liabilities |
52,442.67 |
|
|
| |
|
| TOTAL LIABILITIES |
52,442.67 |
|
|
| |
|
| OVERALL TOTAL |
301,646.05 |
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