GlennWoods H

GlennWoods H.O.A., Inc

Income / Expense Statement Period 3/01/08 - 3/31/08

Description		Current Period			Year to Date			Year Budget
Description		Actual	Budget	Variance	Actual	Budget	Variance
06310	Assessment Income	10,957.15	48,300.00	(37,342.85)	30,915.98	48,300.00	(17,384.02)	48,330.00
06315	Home Cleanup / Repair	.00	.00	.00	40.00	.00	40.00	.00
06340	Late Fee Income	225.00	.00	225.00	324.00	.00	324.00	.00
06351	Filing Fees	.00	.00	.00	485.00	.00	485.00	.00
06380	Owner Admin. Income	(10.00)	.00	(10.00)	.00	.00	.00	.00
06430	Assmts Paid in Advance	50.00	.00	50.00	55.26	.00	55.26	.00
06910	Interest Income	16.42	.00	16.42	52.33	.00	52.33	.00
Subtotal Income		11,238.57	48,300.00	(37,061.43)	31,872.57	48,300.00	(16,427.43)	48,300.00
Expenses
General Administrative
07020	Accounting Fees	345.00	400.00	55.00	795.00	800.00	5.00	2,800.00
07160	Legal Fee	57.00	1,000.00	943.00	57.00	2,000.00	1,943.00	4,000.00
07250	Bank Charges	20.00	.00	(20.00)	20.00	.00	(20.00)	.00
07260	Postage & Mail	.00	41.66	41.66	.00	124.98	124.98	500.00
07280	Insurance	1,984.00	.00	(1,984.00)	1,984.00	2,000.00	12.00	2,000.00
07300	Post Office Box	.00	.00	.00	68.00	.00	(68.00)	.00
07320	Office Supplies	200.00	100.00	(100.00)	200.00	300.00	100.00	1,200.00
07325	Website	.00	.00	.00	.00	.00	.00	167.40
07400	Printing-Repro	358.49	25.83	(332.66)	686.64	77.49	(609.15)	275.00
07423	Business Entity Rept	.00	.00	.00	10.00	10.00	.00	10.00
07430	Federal Income Tax	34.00	250.00	216.00	34.00	250.00	216.00	250.00
07431	Community Events	.00	208.33	208.33	30.85	624.99	594.14	2,500.00
07435	Community Signs	.00	.00	.00	.00	.00	100.00	100.00
07440	State & Local Tax	11.00	.00	(11.00)	11.00	.00	(11.00)	.00
07990	Bad Debt Expenses	.00	.00	.00	332.37	.00	(332.37)	3000.00
General & Administrative		3,009.49	2,025.82	(983.67)	4,232.86	6,287.46	2,054.60	16,802.40

Common Utilities
08910	Electricity	469.41	475.00	5.59	1,408.23	1,425.00	16.77	5,700.00
08915	Street Lighting Install	.00	.00	.00	.00	1,000.00	1,000.00	1,000.00
08935	Storm Mgmt Fee	.00	122.60	122.60	.00	122.60	122.60	122.60
08990	Telephone	.00	52.08	52.08	.00	156.24	156.24	625.00
Common Utilities		469.41	649.68	180.27	1,408.23	2,703.84	1,295.61	7,447.60

Maintenance
09001	Pond Maintenance	75.00	.00	(75.00)	75.00	.00	(75.00)	2,800.00
09010	Tree Maintenance	.00	.00	.00	.00	.00	.00	1,000.00
09021	Fence Repair	.00	.00	.00	.00	.00	.00	250.00
Maintenance		75.00	.00	(75.00)	75.00	.00	(75.00)	4,050.00

Contract Services
09610	Lawn Maintenance	.00	.00	.00	.00	.00	.00	8,800.00
09611	Fertilizer	.00	400.00	400.00	.00	400.00	400.00	800.00
09612	Bed Maintenance	.00	200.00	200.00	.00	200.00	200.00	500.00
09614	Common Area Improve	.00	.00	.00	.00	.00	.00	4,000.00
09615	Misc Expenses	.00	.00	.00	.00	.00	.00	500.00
09616	HO Cleanup & Repair	.00	.00	.00	.00	.00	.00	200.00
09700	Trash Removal	.00	.00	.00	.00	.00	.00	500.00
09800	Snow Removal	.00	.00	.00	.00	1,500.00	1,500.00	2,700.00
Contract Services		.00	600.00	600.00	.00	2,100.00	2,100.00	18,000.00

Reserve Contributions
09910	Reserves	.00	.00	.00	.00	2,000.00	2,000.00	2,000.00

Total Expenses		3,553.90	3,275.50	(278.40)	5,716.09	13,091.30	7,37.21	48,300.00
Current Year Net Income / Loss		7,684.67	45,024.50	(37,339.83)	26,156.48	35,208.70	(9,052.22)