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Nov 04 Income Statement
Actual vs. Budget
For the Eleven Months Ended November 30, 2004
| |
1/1/2004 |
- |
11/30/2004 |
| |
Actual |
Budget |
Difference |
| |
|
|
|
| INCOME |
|
|
|
| Assessments |
105,300.00 |
105,300.00 |
0 |
| Int Income Ops |
539.38 |
916.67 |
-377.29 |
| Late Fees & Penalties |
-900 |
0 |
-900 |
| Newsletter Ads |
0 |
137.5 |
-137.5 |
| POA Packets |
325 |
229.17 |
95.83 |
| _DivInc |
524.34 |
458.34 |
66 |
| _IntInc |
3,053.32 |
5,700.75 |
-2,647.43 |
| TOTAL INCOME |
108,842.04 |
112,742.43 |
-3,900.39 |
| |
|
|
|
| EXPENSES |
|
|
|
| Accounting |
250 |
1,200.00 |
950 |
| Copying |
382.98 |
916.67 |
533.69 |
| Dues |
0 |
293.34 |
293.34 |
| Education |
298.3 |
183.34 |
-114.96 |
| Grounds Maint. |
29,006.55 |
30,946.67 |
1,940.12 |
| Insurance |
1,818.80 |
1,800.00 |
-18.8 |
| Legal |
974.04 |
1,375.00 |
400.96 |
| Maintenance |
0 |
916.67 |
916.67 |
| Meeting Space |
0 |
524.34 |
524.34 |
| Miscellaneous |
1,014.47 |
1,008.34 |
-6.13 |
| Newsletter |
358.85 |
1,100.00 |
741.15 |
| Postage |
455.18 |
603.17 |
147.99 |
| Reserves |
|
|
|
| Entrance Signs |
0 |
2,384.25 |
2,384.25 |
| Fence |
0 |
13,948.00 |
13,948.00 |
| Reserve Study |
0 |
1,400.00 |
1,400.00 |
| TOTAL Reserves |
0 |
17,732.25 |
17,732.25 |
| Snow Removal |
1,930.00 |
2,750.00 |
820 |
| Supplies |
404.58 |
320.84 |
-83.74 |
| Taxes -Other |
25 |
45.84 |
20.84 |
| Trash |
26,266.73 |
26,400.00 |
133.27 |
| Tree & Shrub |
9,975.35 |
15,152.50 |
5,177.15 |
| Website |
14.85 |
400.59 |
385.74 |
| TOTAL EXPENSES |
73,175.68 |
103,669.56 |
30,493.88 |
| |
|
|
|
| OVERALL TOTAL |
35,666.36 |
9,072.87 |
26,593.49 |
Nov 04 Balance Sheet
As of 11/30/2004
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
5,216.56 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
60,184.35 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
70,996.25 |
| |
|
| Other Assets |
|
| Accrued Interest |
0 |
| AR -Assessments |
4,580.00 |
| AR -Other |
130.42 |
| AR -Penalties |
900 |
| Prepaid Expense |
458.44 |
| Prepaid Taxes |
1,239.00 |
| TOTAL Other Assets |
7,307.86 |
| |
|
| Investments |
|
| Certificates of Deposit -Capital One |
61,244.53 |
| Certificates of Deposit -E*Trade |
25,437.27 |
| Schwab Investments |
171,325.44 |
| TOTAL Investments |
258,007.24 |
| |
|
| TOTAL ASSETS |
336,311.35 |
| |
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
6,005.05 |
| Deferred Assess Payable |
47,175.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
0 |
| TOTAL Other Liabilities |
53,180.05 |
| |
|
| TOTAL LIABILITIES |
53,180.05 |
| |
|
| OVERALL TOTAL |
283,131.30 |
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