|
GlennWoods H.O.A., Inc
Income / Expense Statement
Period 05/01/06 - 05/31/06
|
Description |
Current
Period |
Year to
Date |
Year Budget |
| Actual
|
Budget |
Variance |
Actual |
Budget |
Variance |
|
| 06310 |
Assessment Income |
3,777.42 |
.00 |
3,777.42 |
48,794.14 |
48,300.00 |
494.14 |
48,330.00 |
| 06350 |
Legal
Reimbursement |
250.00 |
.00 |
250.00 |
491.00 |
.00 |
491.00 |
.00 |
| 06351 |
Filing
Fees |
639.00 |
.00 |
639.00 |
2,556.09 |
.00 |
2,556.09 |
.00 |
| 06380 |
Owner
Admin- Fees |
.00 |
.00 |
.00 |
100.00 |
.00 |
100.00 |
.00 |
|
Subtotal Income |
5,103.42 |
.00 |
5,103.42 |
52,268.39 |
48,330.00 |
3,968.39 |
48,300.00 |
|
Expenses |
|
General Administrative |
| 07010 |
Management Fees |
.00 |
.00 |
.00 |
600.00 |
.00 |
(600.00) |
.00 |
| 07020 |
Accounting Fees |
.00 |
200.00 |
200.00 |
200.00 |
1,200.00 |
1,000.00 |
2,600.00 |
| 07160 |
Legal
Fee |
250.00 |
.00 |
(250.00) |
1,058.00 |
2,000.00 |
942.00 |
5,000.00 |
| 07260 |
Postage
& Mail |
.00 |
41.66 |
41.66 |
.00 |
208.30 |
208.30 |
500.00 |
| 07280 |
Insurance |
.00 |
.00 |
.00 |
1,875.00 |
1,900.00 |
25.00 |
1,900.00 |
| 07320 |
Office
Supplies |
.00 |
100.00 |
100.00 |
1,805.16 |
500.00 |
(1,305.16) |
1,200.00 |
| 07325 |
Website |
.00 |
167.40 |
167.40 |
.00 |
167.40 |
167.40 |
167.40 |
| 07400 |
Printing-Reproduction |
.00 |
20.83 |
20.83 |
.00 |
104.15 |
104.15 |
250.00 |
| 07420 |
Property Taxes |
.00 |
.00 |
.00 |
3,914.25 |
2,000.00 |
(1,914.26) |
4,000.00 |
| 07423 |
Business Entity Report |
.00 |
.00 |
.00 |
10.00 |
.00 |
(10.00) |
.00 |
| 07430 |
Federal
Income Tax |
.00 |
.00 |
.00 |
.00 |
.00 |
.00 |
150.00 |
| 07431 |
Community Events |
.00 |
.00 |
.00 |
.00 |
.00 |
.00 |
250.00 |
| 07990 |
Bad
Debt Expenses |
350.00 |
.00 |
(350.00) |
1,690.99 |
.00 |
(1,690.99) |
3000.00 |
|
General & Administrative
|
600.00 |
529.89 |
(70.11) |
11,153.41 |
8,229.85 |
(2,923.56) |
19,017.40 |
| |
|
Common Utilities |
|
08910 |
Electricity |
420.88 |
475.00 |
54.12 |
2,082.30 |
2,375.00 |
292.70 |
5,700.00 |
|
08990 |
Telephone |
.00 |
16.66 |
16.66 |
.00 |
83.90 |
83.90 |
200.00 |
|
Common Utilities |
420.88 |
491.66 |
70.78 |
2,082.30 |
2,458.30 |
376.00 |
5,900.00 |
| |
|
Maintenance |
|
09001 |
Pond Maintenance |
.00 |
2,600.00 |
2,600.00 |
1,100.00 |
2,600.00 |
1,300.00 |
2,600.00 |
|
09010 |
Tree Maintenance |
.00 |
.00 |
.00 |
.00 |
1,000.00 |
1,000.00 |
2,500.00 |
|
09021 |
Fence |
.00 |
4,600.00 |
4,600.00 |
.00 |
4,600.00 |
4,600.00 |
4,600.00 |
|
Maintenance |
.00 |
7,200.00 |
7,200.00 |
1,100.00 |
8,200.00 |
7,100.00 |
9,700.00 |
|
|
|
Contract Services |
|
09610 |
Lawn Maintenance |
590.00 |
1,364.00 |
774.00 |
1,320.00 |
2,387.00 |
1,067.00 |
8,800.00 |
|
09611 |
Fertilizer |
.00 |
.00 |
.00 |
.00 |
400.00 |
400.00 |
800.00 |
|
09612 |
Bed Maintenance
|
.00 |
.00 |
.00 |
150.00 |
300.00 |
150.00 |
500.00 |
|
09613 |
Survey |
.00 |
.00 |
.00 |
.00 |
300.00 |
300.00 |
300.00 |
|
09615 |
Misc Expenses |
.00 |
.00 |
.00 |
961.49 |
200.00 |
(761.49) |
200.00 |
|
09800 |
Snow Removal |
.00 |
.00 |
.00 |
200.00 |
1,500.00 |
1,300.00 |
2,500.00 |
|
Contract Services |
590.00 |
1,364.00 |
774.00 |
2,631.49 |
5,087.00 |
2,455.51 |
13,100.00 |
|
|
|
Reserve Contributions |
|
09910 |
Reserves |
.00 |
.00 |
.00 |
.00 |
.00 |
.00 |
.00 |
|
|
|
|
|
|
|
|
|
|
Total Expenses |
1,610.88 |
9,585.55 |
7,974.67 |
16.967.20 |
23,975.15 |
7007.95 |
47,717.00 |
|
Year Net
Income / Loss |
3,492.54 |
(9,585.55) |
13,078.09 |
35,301.19 |
24,324.85 |
10,976.34 |
582.60 |
|