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Leewood Homeowners Association
Income Statement
Actual vs Budget
For the Period Ending May 31, 2005
| |
1/1/2005 |
-- through -- |
5/31/2005 |
| |
Actual |
Budget |
Difference |
| INCOME |
|
|
|
| Assessments |
52,650.00 |
52,650.00 |
- |
| Int Income Ops |
328.10 |
250.00 |
78.10 |
| POA Packets |
200.83 |
104.19 |
96.64 |
| _DivInc |
204.28 |
250.00 |
(45.72) |
| _IntInc |
845.59 |
1,695.85 |
(850.26) |
| TOTAL INCOME |
54,228.80 |
54,950.04 |
(721.24) |
| |
|
|
|
| EXPENSES |
|
|
|
| Copying |
432.57 |
291.69 |
(140.88) |
| Dues |
275.00 |
320.00 |
45.00 |
| Education |
- |
83.35 |
83.35 |
| Grounds Maint. |
13,245.27 |
13,975.00 |
729.73 |
| Insurance |
1,895.40 |
1,850.00 |
(45.40) |
| Legal |
555.69 |
625.00 |
69.31 |
| Maintenance |
811.43 |
416.69 |
(394.74) |
| Management Fees |
- |
300.00 |
300.00 |
| Meeting Space |
100.00 |
- |
(100.00) |
| Miscellaneous |
512.79 |
625.00 |
112.21 |
| Newsletter |
266.21 |
360.44 |
94.23 |
| Postage |
145.84 |
199.60 |
53.76 |
| Reserves |
|
|
|
| Entrance Signs |
- |
1,083.75 |
1,083.75 |
| TOTAL Reserves |
- |
1,083.75 |
1,083.75 |
| Snow Removal |
1,180.00 |
1,250.00 |
70.00 |
| Supplies |
206.01 |
270.85 |
64.84 |
| Taxes -Other |
- |
20.85 |
20.85 |
| Trash |
12,144.85 |
12,357.10 |
212.25 |
| Tree & Shrub |
8,616.55 |
3,541.69 |
(5,074.86) |
| Website |
167.40 |
70.00 |
(97.40) |
| TOTAL EXPENSES |
40,555.01 |
37,641.01 |
(2,914.00) |
| |
|
|
|
| OVERALL TOTAL |
13,673.79 |
17,309.03 |
(3,635.24) |
Leewood Homeowners Association
Balance Sheet
5/31/2005
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
5,463.01 |
| Cash -Money Mkt |
0 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
65,854.47 |
| Cert of Deposit |
0 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
76,912.82 |
| |
|
| Other Assets |
|
| Accrued Interest |
73 |
| AR -Assessments |
-1,005.00 |
| AR -Other |
0 |
| AR -Penalties |
0 |
| Prepaid Expense |
478.04 |
| Prepaid Taxes |
1,764.00 |
| TOTAL Other Assets |
1,310.04 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
61,397.05 |
| Certificates of Deposit -E*Trade |
26,136.02 |
| Schwab Investments |
165,868.94 |
| Vanguard |
0 |
| TOTAL Investments |
253,402.01 |
| |
|
| TOTAL ASSETS |
331,624.87 |
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
328.28 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
1,062.00 |
| Unrealized gain (loss) |
0 |
| TOTAL Other Liabilities |
48,565.28 |
| |
|
| TOTAL LIABILITIES |
48,565.28 |
| |
|
| OVERALL TOTAL |
283,059.59 |
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