|
Leewood Homeowners Association
Income Statement
Actual vs Budget
For the Period Ending September 30, 2006
|
|
|
|
|
1/1/2006 |
through |
9/30/2006 |
|
Actual |
Budget |
Difference |
|
|
|
|
| INCOME |
|
|
|
| Assessments |
78,975.00 |
78,975.00 |
- |
| Int Income Ops |
666.43 |
499.50 |
166.93 |
| Late Fees & Penalties |
2,880.00 |
- |
2,880.00 |
| POA Packets |
225.00 |
187.51 |
37.49 |
| _DivInc |
723.52 |
450.00 |
273.52 |
| _IntInc |
5,096.24 |
7,054.51 |
(1,958.27) |
| TOTAL INCOME |
88,566.19 |
87,166.52 |
1,399.67 |
|
|
|
|
| EXPENSES |
|
|
|
| Accounting |
400.00 |
1,200.00 |
800.00 |
| Bad debts |
270.00 |
- |
(270.00) |
| Copying |
825.02 |
1,425.01 |
599.99 |
| Dues |
290.00 |
300.00 |
10.00 |
| Education |
- |
150.02 |
150.02 |
| Grounds Maint. |
23,400.00 |
24,988.50 |
1,588.50 |
| Insurance |
1,705.29 |
2,500.00 |
794.71 |
| Legal |
2,312.56 |
1,125.00 |
(1,187.56) |
| Maintenance |
1,062.80 |
750.01 |
(312.79) |
| Meeting Space |
- |
75.01 |
75.01 |
| Miscellaneous |
471.54 |
1,162.52 |
690.98 |
| Newsletter |
- |
375.02 |
375.02 |
| Postage |
1,346.77 |
672.02 |
(674.75) |
| Reserves |
|
|
|
| Curbs |
3,402.00 |
3,500.00 |
98.00 |
| Roads |
- |
41,500.00 |
41,500.00 |
| TOTAL Reserves |
3,402.00 |
45,000.00 |
41,598.00 |
| Snow Removal |
705.00 |
2,250.00 |
1,545.00 |
| Supplies |
490.19 |
510.02 |
19.83 |
| Taxes -Other |
50.00 |
50.00 |
- |
| Trash |
29,820.42 |
25,179.02 |
(4,641.40) |
| Tree & Shrub |
13,124.57 |
10,500.02 |
(2,624.55) |
| Website |
167.40 |
126.00 |
(41.40) |
| TOTAL EXPENSES |
79,843.56 |
118,338.17 |
38,494.61 |
|
|
|
|
| OVERALL TOTAL |
8,722.63 |
(31,171.65) |
39,894.28 |
|
|
|
|
Leewood Homeowners Association
Balance Sheet
9/30/2006
| ASSETS |
|
| Cash and Bank Accounts |
|
| Cash -Checking |
10,434.07 |
| Cash -Money Mkt |
0 |
| Cash Capital Improvement Fund |
5,595.34 |
| Cash Depository |
29,978.76 |
| Cert of Deposit |
0 |
| Cash on Hand |
0 |
| TOTAL Cash and Bank Accounts |
46,008.17 |
|
|
| Other Assets |
|
| Accrued Interest |
415.11 |
| AR -Assessments |
-11,610.00 |
| AR -Other |
0 |
| AR -Penalties |
3,160.00 |
| Prepaid Expense |
410.75 |
| Prepaid Taxes |
1,035.00 |
| TOTAL Other Assets |
-6,589.14 |
|
|
| Investments |
|
| Certificates of Deposit -Capital One |
63,904.77 |
| Certificates of Deposit -E*Trade |
27,142.60 |
| Schwab Investments |
226,123.03 |
| Vanguard |
0 |
| TOTAL Investments |
317,170.40 |
|
|
| TOTAL ASSETS |
356,589.43 |
|
|
| LIABILITIES |
|
| Other Liabilities |
|
| Account Payable |
193.69 |
| Deferred Assess Payable |
48,625.00 |
| Prepaid Assess |
0 |
| Prepaid Other |
0 |
| Taxes Payable |
0 |
| Unrealized gain (loss) |
0 |
| TOTAL Other Liabilities |
48,818.69 |
|
|
| TOTAL LIABILITIES |
48,818.69 |
|
|
| OVERALL TOTAL |
307,770.74 |
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