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Leewood Homeowners Association
Income Statement
Actual vs Budget
For the Period 1/1/2006 - 6/30/2006

Category Description Actual Budget Difference
INCOME
Assessments  52,650.00   52,650.00             -  
Int Income Ops       454.99        333.00       121.99
Late Fees & Penalties      (640.00)              -        (640.00)
POA Packets       200.00        125.02        74.98
_DivInc       469.99        300.00       169.99
_IntInc    3,734.36     4,703.02      (968.66)
TOTAL INCOME  56,869.34   58,111.04   (1,241.70)
EXPENSES
Copying       820.54        950.02       129.48
Dues       290.00        300.00        10.00
Education             -          100.02       100.02
Grounds Maint.  17,550.00   16,659.00      (891.00)
Insurance    1,705.29     2,500.00       794.71
Legal    1,950.81        750.00   (1,200.81)
Maintenance    1,808.39        500.02   (1,308.37)
Meeting Space             -           50.02        50.02
Miscellaneous       436.17        775.02       338.85
Newsletter             -          250.02       250.02
Postage       976.25        448.02      (528.23)
Reserves
        Curbs    3,402.00     3,500.00        98.00
        Roads             -     41,500.00  41,500.00
   TOTAL Reserves    3,402.00   45,000.00  41,598.00
Snow Removal       705.00     1,500.00       795.00
Supplies       234.15        340.02       105.87
Taxes -Other        50.00         50.00             -  
Trash  18,871.77   16,786.02   (2,085.75)
Tree & Shrub       529.57     7,000.02    6,470.45
Website       167.40         84.00       (83.40)
TOTAL EXPENSES  49,497.34   94,042.20  44,544.86
OVERALL TOTAL    7,372.00  (35,931.16)  43,303.16

 

Leewood Homeowners Association
Balance Sheet
6/30/2006

ASSETS
Cash and Bank Accounts
Cash -Checking
 804.74
Cash -Money Mkt
 0
Cash Capital Improvement Fund
 5,595.34
Cash Depository
 67,891.06
Cert of Deposit
 0
Cash on Hand
 0
TOTAL Cash and Bank Accounts 74,291.14
Other Assets
Accrued Interest
 415.11
AR -Assessments
(13,770.00)
AR -Other
 770
AR -Penalties
 900
Prepaid Expense
 3,082.76
Prepaid Taxes
1,831.00
TOTAL Other Assets (6,771.13)
Investments
Certificates of Deposit -Capital One
 63,904.77
Certificates of Deposit -E*Trade
 27,142.60
Schwab Investments
 195,260.08
Vanguard
 0
TOTAL Investments
 286,307.45
TOTAL ASSETS 353,827.46
LIABILITIES
Other Liabilities
Account Payable
 592.89
Deferred Assess Payable
 48,625.00
Prepaid Assess
 0
Prepaid Other
 0
Taxes Payable
 1,440.00
Unrealized gain (loss) 0
TOTAL Other Liabilities 50,657.89
TOTAL LIABILITIES 50,657.89
OVERALL TOTAL
 303,169.57

 

 


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