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|
March 04 Income Statement
Actual vs. Budget
Three months ending March 31,2004
| |
1/1/2004 |
--through-- |
3/31/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
26,325.00 |
26,325.00 |
0 |
| Int Income Ops |
136.77 |
250.02 |
-113.25 |
| Newsletter Ads |
0 |
37.5 |
-37.5 |
| POA Packets |
50 |
62.52 |
-12.52 |
| _DivInc |
167.93 |
125.01 |
42.92 |
| _IntInc |
825.14 |
1,554.75 |
-729.61 |
| TOTAL INCOME |
27,504.84 |
28,354.80 |
-849.96 |
| |
|
|
|
| EXPENSES |
|
|
|
| Copying |
5.83 |
250.02 |
244.19 |
| Dues |
-195 |
80.01 |
275.01 |
| Education |
245 |
50.01 |
-194.99 |
| Grounds Maint. |
5,210.00 |
8,440.02 |
3,230.02 |
| Insurance |
1,818.80 |
450 |
-1,368.80 |
| Legal |
303.37 |
375 |
71.63 |
| Maintenance |
0 |
250.02 |
250.02 |
| Meeting Space |
0 |
143.01 |
143.01 |
| Miscellaneous |
745.45 |
275.01 |
-470.44 |
| Newsletter |
144.22 |
300 |
155.78 |
| Postage |
39.97 |
164.52 |
124.55 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
650.25 |
650.25 |
| Fence |
0 |
3,804.00 |
3,804.00 |
| TOTAL Reserves |
0 |
4,454.25 |
4,454.25 |
| Snow Removal |
1,930.00 |
750 |
-1,180.00 |
| Supplies |
17.94 |
87.51 |
69.57 |
| Taxes -Other |
0 |
12.51 |
12.51 |
| Trash |
4,707.30 |
7,200.00 |
2,492.70 |
| Tree & Shrub |
0 |
4,132.50 |
4,132.50 |
| Website |
0 |
109.26 |
109.26 |
| TOTAL EXPENSES |
14,972.88 |
27,523.65 |
12,550.77 |
| |
|
|
|
| OVERALL TOTAL |
12,531.96 |
831.15 |
11,700.81 |
March 04 Balance Sheet
As of 3/31/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
9,236.33 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
56,080.14 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
70,911.81 |
| |
|
| Other Assets |
|
| Accrued Interest |
0 |
| AR -Assessments |
1,040.00 |
| AR -Other |
0 |
| AR -Penalties |
1,800.00 |
| Prepaid Expense |
458.44 |
| Prepaid Taxes |
2,715.00 |
| TOTAL Other Assets |
6,013.44 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
59,829.35 |
| Certificates of Deposit -E*Trade |
25,437.27 |
| Schwab Investments |
147,040.49 |
| TOTAL Investments |
232,307.11 |
| |
|
| TOTAL ASSETS |
309,232.36 |
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
1,100.00 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
1,076.00 |
| TOTAL Other Liabilities |
49,351.00 |
| |
|
| TOTAL LIABILITIES |
49,351.00 |
| |
|
| OVERALL TOTAL |
259,881.36 |
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