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Feb 04 Income Statement
Actual vs. Budget
For the two months ended February 28, 2004
| |
1/1/2004 |
- |
2/29/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
26,325.00 |
26,325.00 |
0 |
| Int Income Ops |
88.31 |
166.68 |
-78.37 |
| Newsletter Ads |
0 |
25 |
-25 |
| POA Packets |
25 |
41.68 |
-16.68 |
| _DivInc |
0 |
83.34 |
-83.34 |
| _IntInc |
544.15 |
1,036.50 |
-492.35 |
| TOTAL INCOME |
26,982.46 |
27,678.20 |
-695.74 |
| |
|
|
|
| EXPENSES |
|
|
|
| Copying |
5.83 |
166.68 |
160.85 |
| Dues |
-195 |
53.34 |
248.34 |
| Education |
245 |
33.34 |
-211.66 |
| Grounds Maint. |
5,210.00 |
5,626.68 |
416.68 |
| Insurance |
760 |
300 |
-460 |
| Legal |
-16 |
250 |
266 |
| Maintenance |
0 |
166.68 |
166.68 |
| Meeting Space |
0 |
95.34 |
95.34 |
| Miscellaneous |
292.27 |
183.34 |
-108.93 |
| Newsletter |
72.11 |
200 |
127.89 |
| Postage |
39.97 |
109.68 |
69.71 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
433.5 |
433.5 |
| Fence |
0 |
2,536.00 |
2,536.00 |
| TOTAL Reserves |
0 |
2,969.50 |
2,969.50 |
| Snow Removal |
1,930.00 |
500 |
-1,430.00 |
| Supplies |
17.94 |
58.34 |
40.4 |
| Taxes -Other |
0 |
8.34 |
8.34 |
| Trash |
4,707.30 |
4,800.00 |
92.7 |
| Tree & Shrub |
0 |
2,755.00 |
2,755.00 |
| Website |
0 |
72.84 |
72.84 |
| TOTAL EXPENSES |
13,069.42 |
18,349.10 |
5,279.68 |
| |
|
|
|
| OVERALL TOTAL |
13,913.04 |
9,329.10 |
4,583.94 |
Feb 04 Balance Sheet
As of 2/28/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
5,097.73 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
57,446.68 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
68,139.75 |
| |
|
| Other Assets |
|
| Accrued Interest |
0 |
| AR -Assessments |
6,595.00 |
| AR -Other |
0 |
| AR -Penalties |
1,800.00 |
| Prepaid Expense |
105.5 |
| Prepaid Taxes |
2,351.00 |
| TOTAL Other Assets |
10,851.50 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
59,642.16 |
| Certificates of Deposit -E*Trade |
25,437.27 |
| Schwab Investments |
147,657.07 |
| TOTAL Investments |
232,736.50 |
| |
|
| TOTAL ASSETS |
311,727.75 |
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
1,100.00 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
1,312.00 |
| TOTAL Other Liabilities |
49,587.00 |
| |
|
| TOTAL LIABILITIES |
49,587.00 |
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| OVERALL TOTAL |
262,140.75 |
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