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|
July 04 Income Statement
Actual vs. Budget
For the Seven Months Ended July 31,2004
| |
1/1/2004 |
- |
7/31/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
78,975.00 |
78,975.00 |
0 |
| Int Income Ops |
325.23 |
583.35 |
-258.12 |
| Newsletter Ads |
0 |
87.5 |
-87.5 |
| POA Packets |
150 |
145.85 |
4.15 |
| _DivInc |
331.77 |
291.69 |
40.08 |
| _IntInc |
1,944.73 |
3,627.75 |
-1,683.02 |
| TOTAL INCOME |
81,726.73 |
83,711.14 |
-1,984.41 |
| |
|
|
|
| EXPENSES |
|
|
|
| Copying |
28.91 |
583.35 |
554.44 |
| Dues |
0 |
186.69 |
186.69 |
| Education |
298.3 |
116.69 |
-181.61 |
| Grounds Maint. |
18,552.68 |
19,693.35 |
1,140.67 |
| Insurance |
1,818.80 |
1,800.00 |
-18.8 |
| Legal |
325.37 |
875 |
549.63 |
| Maintenance |
0 |
583.35 |
583.35 |
| Meeting Space |
0 |
333.69 |
333.69 |
| Miscellaneous |
801.72 |
641.69 |
-160.03 |
| Newsletter |
144.22 |
700 |
555.78 |
| Postage |
239.5 |
383.85 |
144.35 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
1,517.25 |
1,517.25 |
| Fence |
0 |
8,876.00 |
8,876.00 |
| TOTAL Reserves |
0 |
10,393.25 |
10,393.25 |
| Snow Removal |
1,930.00 |
1,750.00 |
-180 |
| Supplies |
204.19 |
204.19 |
0 |
| Taxes -Other |
0 |
29.19 |
29.19 |
| Trash |
16,550.87 |
16,800.00 |
249.13 |
| Tree & Shrub |
3,215.00 |
9,642.50 |
6,427.50 |
| Website |
14.85 |
254.94 |
240.09 |
| TOTAL EXPENSES |
44,124.41 |
64,971.73 |
20,847.32 |
| |
|
|
|
| OVERALL TOTAL |
37,602.32 |
18,739.41 |
18,862.91 |
July 04 Balance Sheet
As of 7/31/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
1,102.12 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
61,961.77 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
68,659.23 |
| |
|
| Other Assets |
|
| Accrued Interest |
0 |
| AR -Assessments |
26,353.43 |
| AR -Other |
26.08 |
| AR -Penalties |
1,800.00 |
| Prepaid Expense |
458.44 |
| Prepaid Taxes |
2,315.00 |
| TOTAL Other Assets |
30,952.95 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
60,588.82 |
| Certificates of Deposit -E*Trade |
25,437.27 |
| Schwab Investments |
146,192.76 |
| TOTAL Investments |
232,218.85 |
| |
|
| TOTAL ASSETS |
331,831.03 |
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
0 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
1,076.00 |
| TOTAL Other Liabilities |
48,251.00 |
| |
|
| TOTAL LIABILITIES |
48,251.00 |
| |
|
| OVERALL TOTAL |
283,580.03 |
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