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Jun 04 Income Statement
Actual vs. Budget
For the Six Months Ended June 30,2004
| |
1/1/2004 |
- |
6/30/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
52,650.00 |
52,650.00 |
0 |
| Int Income Ops |
282.95 |
500.02 |
-217.07 |
| Newsletter Ads |
0 |
75 |
-75 |
| POA Packets |
150 |
125.02 |
24.98 |
| _DivInc |
331.77 |
250.02 |
81.75 |
| _IntInc |
1,693.79 |
3,109.50 |
-1,415.71 |
| TOTAL INCOME |
55,108.51 |
56,709.56 |
-1,601.05 |
| |
|
|
|
| EXPENSES |
|
|
|
| Copying |
28.91 |
500.02 |
471.11 |
| Dues |
0 |
160.02 |
160.02 |
| Education |
298.3 |
100.02 |
-198.28 |
| Grounds Maint. |
15,895.68 |
16,880.02 |
984.34 |
| Insurance |
1,818.80 |
1,800.00 |
-18.8 |
| Legal |
325.37 |
750 |
424.63 |
| Maintenance |
0 |
500.02 |
500.02 |
| Meeting Space |
0 |
286.02 |
286.02 |
| Miscellaneous |
786.9 |
550.02 |
-236.88 |
| Newsletter |
144.22 |
600 |
455.78 |
| Postage |
165.36 |
329.02 |
163.66 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
1,300.50 |
1,300.50 |
| Fence |
0 |
7,608.00 |
7,608.00 |
| TOTAL Reserves |
0 |
8,908.50 |
8,908.50 |
| Snow Removal |
1,930.00 |
1,500.00 |
-430 |
| Supplies |
204.19 |
175.02 |
-29.17 |
| Taxes -Other |
0 |
25.02 |
25.02 |
| Trash |
14,121.90 |
14,400.00 |
278.1 |
| Tree & Shrub |
2,815.00 |
8,265.00 |
5,450.00 |
| Website |
14.85 |
218.52 |
203.67 |
| TOTAL EXPENSES |
38,549.48 |
55,947.22 |
17,397.74 |
| |
|
|
|
| OVERALL TOTAL |
16,559.03 |
762.34 |
15,796.69 |
June 04 Balance Sheet
As of 6/30/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
703.13 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
66,974.49 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
73,272.96 |
| |
|
| Other Assets |
|
| Accrued Interest |
0 |
| AR -Assessments |
973.43 |
| AR -Other |
0 |
| AR -Penalties |
1,800.00 |
| Prepaid Expense |
458.44 |
| Prepaid Taxes |
2,315.00 |
| TOTAL Other Assets |
5,546.87 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
60,427.20 |
| Certificates of Deposit -E*Trade |
25,437.27 |
| Schwab Investments |
147,632.69 |
| TOTAL Investments |
233,497.16 |
| |
|
| TOTAL ASSETS |
312,316.99 |
| |
|
| 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 |
264,065.99 |
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