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Dec 04 Income Statement
Actual vs. Budget
For the Twelve Months Ended December 31, 2004
| |
1/1/2004 |
- |
12/31/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
105,300.00 |
105,300.00 |
0 |
| Int Income Ops |
590.09 |
1,000.00 |
-409.91 |
| Late Fees & Penalties |
-900 |
0 |
-900 |
| Newsletter Ads |
0 |
150 |
-150 |
| POA Packets |
350 |
250 |
100 |
| _DivInc |
915.73 |
500 |
415.73 |
| _IntInc |
4,128.09 |
6,219.00 |
-2,090.91 |
| TOTAL INCOME |
110,383.91 |
113,419.00 |
-3,035.09 |
| |
|
|
|
| EXPENSES |
|
|
|
| Accounting |
1,150.00 |
1,200.00 |
50 |
| Copying |
382.98 |
1,000.00 |
617.02 |
| Dues |
0 |
320 |
320 |
| Education |
298.3 |
200 |
-98.3 |
| Grounds Maint. |
32,696.55 |
33,760.00 |
1,063.45 |
| Insurance |
1,818.80 |
1,800.00 |
-18.8 |
| Legal |
1,195.94 |
1,500.00 |
304.06 |
| Maintenance |
0 |
1,000.00 |
1,000.00 |
| Meeting Space |
0 |
572 |
572 |
| Miscellaneous |
1,060.08 |
1,100.00 |
39.92 |
| Newsletter |
484.93 |
1,200.00 |
715.07 |
| Postage |
507.54 |
658 |
150.46 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
2,601.00 |
2,601.00 |
| Fence |
9,600.00 |
15,216.00 |
5,616.00 |
| Reserve Study |
0 |
2,100.00 |
2,100.00 |
| TOTAL Reserves |
9,600.00 |
19,917.00 |
10,317.00 |
| Snow Removal |
1,930.00 |
3,000.00 |
1,070.00 |
| Supplies |
471.63 |
350 |
-121.63 |
| Taxes -Federal |
745 |
1,055.00 |
310 |
| Taxes -Other |
50 |
50 |
0 |
| Taxes -Virginia |
317 |
449 |
132 |
| Trash |
28,695.69 |
28,800.00 |
104.31 |
| Tree & Shrub |
9,395.35 |
16,530.00 |
7,134.65 |
| Website |
14.85 |
437 |
422.15 |
| TOTAL EXPENSES |
90,814.64 |
114,898.00 |
24,083.36 |
| |
|
|
|
| OVERALL TOTAL |
19,569.27 |
-1,479.00 |
21,048.27 |
Dec 04 Balance Sheet
As of 12/31/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
11,064.45 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
49,731.06 |
| Cash on Hand |
11,500.00 |
| TOTAL Cash and Bank Accounts |
77,890.85 |
| |
|
| Other Assets |
|
| Accrued Interest |
73 |
| AR -Assessments |
1,555.00 |
| AR -Other |
156.51 |
| AR -Penalties |
1,400.00 |
| Prepaid Expense |
733.44 |
| Prepaid Taxes |
1,239.00 |
| TOTAL Other Assets |
5,156.95 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
61,397.05 |
| Certificates of Deposit -E*Trade |
26,136.02 |
| Schwab Investments |
170,450.02 |
| TOTAL Investments |
257,983.09 |
| |
|
| TOTAL ASSETS |
341,030.89 |
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
10,657.99 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
11,880.00 |
| Prepaid Other |
0 |
| Taxes Payable |
1,062.00 |
| TOTAL Other Liabilities |
70,774.99 |
| |
|
| TOTAL LIABILITIES |
70,774.99 |
| |
|
| OVERALL TOTAL |
270,255.90 |
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