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Leewood Homeowners Association
Income Statement
Actual vs Budget
For the Period Ending July 31, 2006
| Leewood Homeowners Association |
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| Income Statement |
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1/1/2006 |
through |
7/31/2006 |
| Category Description |
Actual |
Budget |
Difference |
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| INCOME |
|
| Assessments |
78,975.00 |
78,975.00 |
- |
| Int Income Ops |
557.59 |
388.50 |
169.09 |
|
|
- |
| Late Fees & Penalties |
(640.00) |
- |
(640.00) |
| POA Packets |
200.00 |
145.85 |
54.15 |
| _DivInc |
469.99 |
350.00 |
119.99 |
| _IntInc |
3,734.36 |
5,486.85 |
(1,752.49) |
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|
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| TOTAL INCOME |
83,296.94 |
85,346.20 |
(2,049.26) |
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| EXPENSES |
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| Bad debts |
270.00 |
- |
(270.00) |
| Copying |
825.02 |
1,108.35 |
283.33 |
| Dues |
290.00 |
300.00 |
10.00 |
| Education |
- |
116.69 |
116.69 |
| Grounds Maint. |
20,475.00 |
19,435.50 |
(1,039.50) |
| Insurance |
1,705.29 |
2,500.00 |
794.71 |
| Legal |
3,886.44 |
875.00 |
(3,011.44) |
| Maintenance |
1,808.39 |
583.35 |
(1,225.04) |
| Meeting Space |
- |
58.35 |
58.35 |
| Miscellaneous |
440.17 |
904.19 |
464.02 |
| Newsletter |
- |
291.69 |
291.69 |
| Postage |
976.25 |
522.69 |
(453.56) |
| Reserves |
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| Curbs |
3,402.00 |
98.00 |
| Roads |
- |
41,500.00 |
41,500.00 |
| TOTAL Reserves |
3,402.00 |
45,000.00 |
41,598.00 |
| Snow Removal |
705.00 |
1,750.00 |
1,045.00 |
| Supplies |
234.05 |
396.69 |
162.64 |
| Taxes -Other |
50.00 |
50.00 |
- |
| Trash |
21,543.78 |
19,583.69 |
(1,960.09) |
| Tree & Shrub |
3,124.57 |
8,166.69 |
5,042.12 |
| Website |
167.40 |
98.00 |
(69.40) |
| TOTAL EXPENSES |
59,903.36 |
101,740.88 |
41,837.52 |
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| OVERALL TOTAL |
23,393.58 |
(16,394.68) |
39,788.26 |
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Leewood Homeowners Association
Balance Sheet
7/31/2006
| Leewood Homeowners Association |
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| Balance Sheet |
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| As of July 31, 2006 |
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| ASSETS |
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| Cash and Bank Accounts |
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| Cash -Checking |
522.61 |
| Cash -Money Mkt |
0 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
71,848.66 |
| TOTAL Cash and Bank Accounts |
77,966.61 |
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| Other Assets |
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| Accrued Interest |
415.11 |
| AR -Assessments |
2,700.00 |
| AR -Other |
500 |
| AR -Penalties |
900 |
| Prepaid Expense |
3,166.61 |
| Prepaid Taxes |
1,831.00 |
| TOTAL Other Assets |
9,512.72 |
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| Investments |
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| Certificates of Deposit -Capit... |
63,904.77 |
| Certificates of Deposit -E*Trade |
27,142.60 |
| Schwab Investments |
195,260.08 |
| TOTAL Investments |
286,307.45 |
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| TOTAL ASSETS |
373,786.78 |
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| LIABILITIES |
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| Other Liabilities |
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| Account Payable |
4,530.63 |
| Deferred Assess Payable |
48,625.00 |
| Taxes Payable |
1,440.00 |
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| TOTAL LIABILITIES |
54,595.63 |
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| OVERALL TOTAL |
319,191.15 |
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