Glennwoods Income & Expense Year End Financial Report.
As of Dec 31, 2004

Income Expenses Collected Income
Fee Income : HOA Dues   $27,777.79
Fee Income: Legal Reimbursement   $500.00
NSF   $6.00
Late Fee Income   $3575.00
     
Expenses
Management Fees $2,984.94  
Bank Service Charges 100.33  
Insurance Liability $2042.00  
Bed Maintenance: Community Entry $124.60  
Fertilizer $457.50  
Lawn Mowing: Common Areas $6588.84  
Misc Repairs $363.57  
Pond Maintenance $2544.00  
Tree Removal/Trimming $610.00  
Accounting Fees $1435.00  
Tax Preparation $625.00  
Miscellaneous $90.50  
Office Expenses $1976.06  
Professional Fees : Legal Fees $657.00  
Trash Pick Up $100.00  
Utilities: Electric $2832.48  
Utilities: Phone 166.07  
Property Taxes 1623.24  
Web Site $167.40  
Storage of old files $148.00  
Total Expense / Income $25,636.53 $31,858.79