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|
May 04 Income Statement
Actual vs. Budget
For the Five Months ended May 31, 2004
| |
1/1/2004 |
--through-- |
5/31/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
52,650.00 |
52,650.00 |
0 |
| Int Income Ops |
234.31 |
416.69 |
-182.38 |
| Newsletter Ads |
0 |
62.5 |
-62.5 |
| POA Packets |
75 |
104.19 |
-29.19 |
| _DivInc |
167.93 |
208.35 |
-40.42 |
| _IntInc |
1,403.82 |
2,591.25 |
-1,187.43 |
| TOTAL INCOME |
54,531.06 |
56,032.98 |
-1,501.92 |
| |
|
|
|
| EXPENSES |
|
|
|
| Copying |
28.91 |
416.69 |
387.78 |
| Dues |
-195 |
133.35 |
328.35 |
| Education |
298.3 |
83.35 |
-214.95 |
| Grounds Maint. |
10,433.68 |
14,066.69 |
3,633.01 |
| Insurance |
1,818.80 |
1,350.00 |
-468.8 |
| Legal |
325.37 |
625 |
299.63 |
| Maintenance |
0 |
416.69 |
416.69 |
| Meeting Space |
0 |
238.35 |
238.35 |
| Miscellaneous |
772.59 |
458.35 |
-314.24 |
| Newsletter |
144.22 |
500 |
355.78 |
| Postage |
165.36 |
274.19 |
108.83 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
1,083.75 |
1,083.75 |
| Fence |
0 |
6,340.00 |
6,340.00 |
| TOTAL Reserves |
0 |
7,423.75 |
7,423.75 |
| Snow Removal |
1,930.00 |
1,250.00 |
-680 |
| Supplies |
204.19 |
145.85 |
-58.34 |
| Taxes -Other |
0 |
20.85 |
20.85 |
| Trash |
11,768.25 |
12,000.00 |
231.75 |
| Tree & Shrub |
2,415.00 |
6,887.50 |
4,472.50 |
| Website |
0 |
182.1 |
182.1 |
| TOTAL EXPENSES |
30,109.67 |
46,472.71 |
16,363.04 |
| |
|
|
|
| OVERALL TOTAL |
24,421.39 |
9,560.27 |
14,861.12 |
May 04 Balance Sheet
As of 5/31/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
6,242.94 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
68,150.85 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
79,989.13 |
| |
|
| Other Assets |
|
| Accrued Interest |
0 |
| AR -Assessments |
3,673.43 |
| AR -Other |
0 |
| AR -Penalties |
1,800.00 |
| Prepaid Expense |
458.44 |
| Prepaid Taxes |
2,315.00 |
| TOTAL Other Assets |
8,246.87 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
60,225.05 |
| Certificates of Deposit -E*Trade |
25,437.27 |
| Schwab Investments |
146,531.15 |
| TOTAL Investments |
232,193.47 |
| |
|
| TOTAL ASSETS |
320,429.47 |
| |
|
| 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 |
271,078.47 |
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