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Income Statement -- Actual vs. Budget
For the Nine Months Ending September 30, 2005
Category Description
|
Actual
|
Budget
(prorated) |
Difference
|
|
INCOME |
|
Assessments |
78,975.00 |
78,975.00 |
0.00 |
|
Int Income Ops |
569.86 |
450.00 |
119.86 |
|
Late Fees & Penalties |
1,578.00 |
0.00 |
1,578.00 |
|
POA Packets |
325.00 |
187.51 |
137.49 |
|
_DivInc |
658.36 |
450.00 |
208.36 |
|
_IntInc |
1,637.91 |
3,052.52 |
(1,414.61) |
|
TOTAL INCOME |
83,744.13 |
83,115.03 |
629.10 |
|
EXPENSES |
|
Accounting |
400.00 |
1,200.00 |
800.00 |
|
Copying |
555.99 |
525.01 |
(30.98) |
|
Dues |
275.00 |
320.00 |
45.00 |
|
Education |
0.00 |
150.02 |
150.02 |
|
Grounds Maint. |
23,665.27 |
25,155.00 |
1,489.73 |
|
Insurance |
1,880.40 |
1,850.00 |
(30.40) |
|
Legal |
905.64 |
1,125.00 |
219.36 |
|
Maintenance |
811.43 |
750.01 |
(61.42) |
|
Management Fees |
0.00 |
540.00 |
540.00 |
|
Meeting Space |
100.00 |
0.00 |
(100.00) |
|
Miscellaneous |
453.02 |
1,125.00 |
671.98 |
|
Newsletter |
266.21 |
648.76 |
382.55 |
|
Postage |
475.52 |
359.27 |
(116.25) |
|
Reserves |
|
Entrance Signs |
0.00 |
1,950.75 |
1,950.75 |
|
Roads |
0.00 |
9,519.00 |
9,519.00 |
|
TOTAL Reserves |
0.00 |
11,469.75 |
11,469.75 |
|
Snow Removal |
1,180.00 |
2,250.00 |
1,070.00 |
|
Supplies |
587.44 |
487.52 |
(99.92) |
|
Taxes -Other |
0.00 |
37.52 |
37.52 |
|
Trash |
21,860.73 |
22,242.77 |
382.04 |
|
Tree & Shrub |
9,634.39 |
8,500.00 |
(1,134.39) |
|
Website |
167.40 |
126.00 |
(41.40) |
|
TOTAL EXPENSES |
63,218.44 |
78,861.63 |
15,643.19 |
|
OVERALL TOTAL |
20,525.69 |
4,253.40 |
16,272.29 |
Balance Sheet
As of 9/30/2005
|
ASSETS |
|
Cash and Bank Accounts |
|
Cash -Checking |
974.18 |
|
Cash -Money Mkt |
0 |
|
Cash Capital Improvement Fund |
5,595.34 |
|
Cash Depository |
58,429.23 |
|
Cert of Deposit |
0 |
|
Cash on Hand |
0 |
|
TOTAL Cash and Bank Accounts |
64,998.75 |
|
Other Assets |
|
Accrued Interest |
73.00 |
|
AR -Assessments |
-9,240.00 |
|
AR -Other |
0 |
|
AR -Penalties |
1,578.00 |
|
Prepaid Expense |
473.04 |
|
Prepaid Taxes |
837.00 |
|
TOTAL Other Assets |
-6,278.96 |
|
Investments |
|
Certificates of Deposit -Capital One |
61,397.05 |
|
Certificates of Deposit -E*Trade |
26,136.02 |
|
Schwab Investments |
192,364.65 |
|
Vanguard |
0 |
|
TOTAL Investments |
279,897.72 |
|
TOTAL ASSETS |
338,617.51 |
|
LIABILITIES |
|
Other Liabilities |
|
Account Payable |
283.71 |
|
Deferred Assess Payable |
48,625.00 |
|
Prepaid Assess |
0 |
|
Prepaid Other |
0 |
|
Taxes Payable |
0 |
|
Unrealized gain (loss) |
0 |
|
TOTAL Other Liabilities |
48,908.71 |
|
TOTAL LIABILITIES |
48,908.71 |
|
OVERALL TOTAL |
289,708.80 |
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