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Leewood Homeowners Association
Income Statement
Actual vs Budget
For the Period Ending May 31, 2006
| Leewood Homeowners Association |
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| Income Statement |
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1/1/2006 |
through |
5/31/2006 |
| Category Description |
Actual |
Budget |
Difference |
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| INCOME |
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| Assessments |
52,650.00 |
52,650.00 |
- |
| Int Income Ops |
366.70 |
277.50 |
89.20 |
| Late Fees & Penalties |
(640.00) |
- |
(640.00) |
| POA Packets |
125.00 |
104.19 |
20.81 |
| _DivInc |
236.94 |
250.00 |
(13.06) |
| _IntInc |
2,663.29 |
3,919.19 |
(1,255.90) |
| TOTAL INCOME |
55,401.93 |
57,200.88 |
(1,798.95) |
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| EXPENSES |
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| Copying |
820.54 |
791.69 |
(28.85) |
| Dues |
290.00 |
300.00 |
10.00 |
| Education |
- |
83.35 |
83.35 |
| Grounds Maint. |
14,625.00 |
13,882.50 |
(742.50) |
| Insurance |
1,705.29 |
2,500.00 |
794.71 |
| Legal |
1,445.81 |
625.00 |
(820.81) |
| Maintenance |
1,808.39 |
416.69 |
(1,391.70) |
| Meeting Space |
- |
41.69 |
41.69 |
| Miscellaneous |
429.59 |
645.85 |
216.26 |
| Newsletter |
- |
208.35 |
208.35 |
| Postage |
912.75 |
373.35 |
(539.40) |
| Reserves |
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| Curbs |
3,402.00 |
3,500.00 |
98.00 |
| TOTAL Reserves |
3,402.00 |
3,500.00 |
98.00 |
| Snow Removal |
705.00 |
1,250.00 |
545.00 |
| Supplies |
209.76 |
283.35 |
73.59 |
| Taxes -Other |
50.00 |
50.00 |
- |
| Trash |
13,360.05 |
13,988.35 |
628.30 |
| Tree & Shrub |
529.57 |
5,833.35 |
5,303.78 |
| Website |
167.40 |
70.00 |
(97.40) |
| TOTAL EXPENSES |
40,461.15 |
44,843.52 |
4,382.37 |
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| OVERALL TOTAL |
14,940.78 |
12,357.36 |
2,583.42 |
Leewood Homeowners Association
Balance Sheet
5/31/2006
| Leewood Homeowners Association |
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| Balance Sheet |
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| As of May 31, 2006 |
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| ASSETS |
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| Cash and Bank Accounts |
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| Cash -Checking |
8,002.18 |
| Cash -Money Mkt |
- |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
59,212.77 |
| Cert of Deposit |
- |
| Cash on Hand |
- |
| TOTAL Cash and Bank Accounts |
72,810.29 |
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| Other Assets |
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| Accrued Interest |
415.11 |
| AR -Assessments |
(1,755.00) |
| AR -Other |
270.00 |
| AR -Penalties |
900.00 |
| Prepaid Expense |
3,082.76 |
| Prepaid Taxes |
1,831.00 |
| TOTAL Other Assets |
4,743.87 |
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| Investments |
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| Certificates of Deposit -Capital One |
63,315.75 |
| Certificates of Deposit -E*Trade |
27,142.60 |
| Schwab Investments |
197,298.20 |
| Vanguard |
- |
| TOTAL Investments |
287,756.55 |
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| TOTAL ASSETS |
365,310.71 |
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| LIABILITIES |
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| Other Liabilities |
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| Account Payable |
1,754.14 |
| Deferred Assess Payable |
48,625.00 |
| Prepaid Assess |
- |
| Prepaid Other |
- |
| Taxes Payable |
1,440.00 |
| Unrealized gain (loss) |
- |
| TOTAL Other Liabilities |
51,819.14 |
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| TOTAL LIABILITIES |
51,819.14 |
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| OVERALL TOTAL |
313,491.57 |
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