|
GlennWoods H.O.A., Inc
Income / Expense Statement
Period 05/01/07 - 05/31/07
|
Description |
Current
Period |
Year to
Date |
Year Budget |
| Actual
|
Budget |
Variance |
Actual |
Budget |
Variance |
|
| 06310 |
Assessment Income |
1,076.61 |
.00 |
1,076.61 |
42,923.57 |
48,300.00 |
(5,376.43) |
48,330.00 |
| 06311 |
Reimb
Mowing |
.00 |
.00 |
.00 |
50.00 |
.00 |
50.00 |
.00 |
| 06315 |
H.O.
Cleanup /repair |
.00 |
.00 |
.00 |
295.00 |
.00 |
295.00 |
.00 |
| 06340 |
Late Fee
Income |
75.00 |
.00 |
75.00 |
1,150.00 |
.00 |
1,150.00 |
.00 |
| 06350 |
Legal Fee
Reimb |
.00 |
.00 |
.00 |
552.00 |
.00 |
.00 |
.00 |
| 06351 |
Filing
Fees |
127.00 |
.00 |
127.00 |
954.96 |
.00 |
954.96 |
.00 |
| 06380 |
Owner
Admin- Fees |
.00 |
.00 |
.00 |
10.00 |
.00 |
10.00 |
.00 |
| 06430 |
Assmts
Paid in Advance |
(21.12) |
.00 |
(21.12) |
(426.00) |
.00 |
(426.00) |
.00 |
| 06910 |
Interest
Income |
18.39 |
.00 |
18.39 |
85.22 |
.00 |
85.22 |
.00 |
|
Subtotal Income |
1,275.88 |
.00 |
1,275.88 |
45,594.75 |
48,300.00 |
(2,705.25) |
48,300.00 |
|
Expenses |
|
General Administrative |
| 07020 |
Accounting Fees |
.00 |
200.00 |
200.00 |
900.00 |
1,200.00 |
300.00 |
2,600.00 |
| 07160 |
Legal
Fee |
1,177.00 |
.00 |
.00 |
(1,177.00) |
2000.00 |
746.00 |
5,000.00 |
| 07250 |
Bank
Charges |
.00 |
.00 |
.00 |
30.00 |
.00 |
(30.00) |
.00 |
| 07260 |
Postage
& Mail |
.00 |
41.66 |
41.66 |
308.09 |
208.30 |
(99.79) |
500.00 |
| 07280 |
Insurance |
.00 |
.00 |
.00 |
1,924.00 |
1,900.00 |
(24.00) |
1,900.00 |
| 07320 |
Office
Supplies |
.00 |
100.00 |
100.00 |
597.29 |
500.00 |
(97.29) |
1,200.00 |
| 07325 |
Website |
.00 |
167.40 |
.00 |
.00 |
.00 |
.00 |
167.40 |
| 07400 |
Printing-Repro |
46.77 |
20.83 |
(25.94) |
195.94 |
104.15 |
(91.79) |
250.00 |
| 07420 |
Property Taxes |
.00 |
.00 |
.00 |
.00 |
2,000.00 |
2,000.00 |
4000.00 |
| 07423 |
Business
Entity Rept |
.00 |
.00 |
.00 |
10.00 |
.00 |
(10.00) |
.00 |
| 07430 |
Federal
Income Tax |
.00 |
.00 |
.00 |
110.00 |
150.00 |
40.00 |
150.00 |
| 07431 |
Community Events |
.00 |
.00 |
.00 |
.00 |
.00 |
.00 |
250.00 |
| 07990 |
Bad
Debt Expenses |
.00 |
.00 |
.00 |
4,237.71 |
.00 |
(4237.71) |
3000.00 |
|
General & Administrative
|
1,223.77 |
529.89 |
(693.88) |
9,567.03 |
8,229.85 |
(1,337.18) |
19,017.40 |
| |
|
Common Utilities |
|
08910 |
Electricity |
437.06 |
475.00 |
37.94 |
2,185.30 |
2,375.00 |
189.70 |
5,700.00 |
|
08990 |
Telephone |
.00 |
16.66 |
16.66 |
200.00 |
83.30 |
(116.70) |
200.00 |
|
Common Utilities |
437.06 |
491.66 |
54.60 |
2,385.30 |
2,458.30 |
73.00 |
5,900.00 |
| |
|
Maintenance |
|
09001 |
Pond Maintenance |
.00 |
2,600.00 |
2,600.00) |
1,964.00 |
2,600.00 |
636.00 |
2,600.00 |
|
09010 |
Tree Maintenance |
.00 |
.00 |
.00 |
375.00 |
1000.00 |
625.00 |
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 |
2,339.00 |
8,200.00 |
5,861.00 |
9,700.00 |
|
|
|
Contract Services |
|
09610 |
Lawn Maintenance |
795.00 |
1,364.00 |
569.00 |
795.00 |
2,387.00 |
1,592.00 |
8,800.00 |
|
09611 |
Fertilizer |
.00 |
.00 |
400.00 |
.00 |
400.00 |
400.00 |
800.00 |
|
09612 |
Bed Maintenance
|
.00 |
.00 |
.00 |
.00 |
300.00 |
300.00 |
500.00 |
|
09613 |
Survey |
.00 |
.00 |
.00 |
.00 |
300.00 |
300.00 |
300.00 |
|
09614 |
Comm Area Improve |
3000.00 |
.00 |
(3,000.00) |
7,255.00 |
.00 |
(7,255.00) |
.00 |
|
09615 |
Misc Expenses |
.00 |
.00 |
.00 |
550.00 |
200.00 |
(350.00) |
200.00 |
|
09800 |
Snow Removal |
.00 |
.00 |
.00 |
1940.00 |
1,500.00 |
(440.00) |
2,500.00 |
|
Contract Services |
3,795.00 |
1,364.00 |
(2,431.00) |
10,540.00 |
5,087.00 |
(5,453.00) |
13,100.00 |
|
|
|
Reserve Contributions |
|
09910 |
Reserves |
.00 |
.00 |
.00 |
.00 |
.00 |
.00 |
.00 |
|
|
|
|
|
|
|
|
|
|
Total Expenses |
5,455.83 |
9,585.55 |
4,129.72 |
24,831.33 |
23,975.15 |
(856.18) |
47,717.40 |
|
Current Year Net
Income / Loss |
(4,179.95) |
(9,585.55) |
5,405.60 |
20,763.42 |
24,324.85 |
(3,561.43) |
582.60 |
|