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Income Statement -- Actual vs. Budget
For the One Month ended January 31, 2005
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1/1/2005 |
-through - |
1/31/2005 |
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Actual |
Budget |
Difference |
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| INCOME |
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| Assessments |
26,325.00 |
26,325.00 |
0 |
| Int Income Ops |
61.54 |
83.34 |
-21.8 |
| Newsletter Ads |
0 |
12.5 |
-12.5 |
| POA Packets |
25 |
20.84 |
4.16 |
| _DivInc |
0 |
41.67 |
-41.67 |
| _IntInc |
152.97 |
518.25 |
-365.28 |
| TOTAL INCOME |
26,564.51 |
27,001.60 |
-437.09 |
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| EXPENSES |
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| Copying |
0 |
83.34 |
83.34 |
| Dues |
275 |
26.67 |
-248.33 |
| Education |
0 |
16.67 |
16.67 |
| Grounds Maint. |
2,605.00 |
2,813.34 |
208.34 |
| Insurance |
458.44 |
150 |
-308.44 |
| Legal |
0 |
125 |
125 |
| Maintenance |
0 |
83.34 |
83.34 |
| Meeting Space |
100 |
47.67 |
-52.33 |
| Miscellaneous |
12.97 |
91.67 |
78.7 |
| Newsletter |
0 |
100 |
100 |
| Postage |
23.25 |
54.84 |
31.59 |
| Reserves |
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| Entrance Signs |
0 |
216.75 |
216.75 |
| Fence |
0 |
1,268.00 |
1,268.00 |
| TOTAL Reserves |
0 |
1,484.75 |
1,484.75 |
| Snow Removal |
0 |
250 |
250 |
| Supplies |
0 |
29.17 |
29.17 |
| Taxes -Other |
0 |
4.17 |
4.17 |
| Trash |
2,577.90 |
2,400.00 |
-177.9 |
| Tree & Shrub |
0 |
1,377.50 |
1,377.50 |
| Website |
0 |
36.42 |
36.42 |
| TOTAL EXPENSES |
6,052.56 |
9,174.55 |
3,121.99 |
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| OVERALL TOTAL |
20,511.95 |
17,827.05 |
2,684.90 |
Balance Sheet
As of 1/31/2005
| ASSETS |
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| Cash and Bank Accounts |
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| Cash -Checking |
1,368.90 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
74,952.60 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
81,916.84 |
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| Other Assets |
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| Accrued Interest |
73 |
| AR -Assessments |
2,365.00 |
| AR -Other |
156.51 |
| AR -Penalties |
1,400.00 |
| Prepaid Expense |
0 |
| Prepaid Taxes |
1,239.00 |
| TOTAL Other Assets |
5,233.51 |
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| Investments |
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| Certificates of Deposit -Capital One |
61,397.05 |
| Certificates of Deposit -E*Trade |
26,136.02 |
| Schwab Investments |
170,677.91 |
| TOTAL Investments |
258,210.98 |
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| TOTAL ASSETS |
345,361.33 |
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| LIABILITIES |
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| Other Liabilities |
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| Account Payable |
6,281.56 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
1,062.00 |
| TOTAL Other Liabilities |
54,518.56 |
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| TOTAL LIABILITIES |
54,518.56 |
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| OVERALL TOTAL |
290,842.77 |
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