GlennWoods H

GlennWoods H.O.A., Inc

Income / Expense Statement Period 4/01/08 - 4/30/08

Description		Current Period			Year to Date			Year Budget
Description		Actual	Budget	Variance	Actual	Budget	Variance
06310	Assessment Income	5,287.10	.00	5,287.10	36,203.08	48,300.00	(12,096.92)	48,330.00
06315	Home Cleanup / Repair	.00	.00	.00	40.00	.00	40.00	.00
06340	Late Fee Income	425.00	.00	425.00	749.00	.00	749.00	.00
06351	Filing Fees	28.00	.00	28.00	513.00	.00	513.00	.00
06430	Assmts Paid in Advance	100.00	.00	100.00	100.00	.00	100.00	.00
06910	Interest Income	12.34	.00	12.34	64.67	.00	64.67	.00
Subtotal Income		5,852.44	.00	5,852.44	37,725.01	48,300.00	(10,574.99)	48,300.00
Expenses
General Administrative
07020	Accounting Fees	225.00.00	400.00	175.00	1,020.00	1,200.00	180.00	2,800.00
07160	Legal Fee	.00	.00	.00	57.00	2,000.00	1,943.00	4,000.00
07250	Bank Charges	10.00	.00	(10.00)	30.00	.00	(30.00)	.00
07260	Postage & Mail	.00	41.66	41.66	.00	166.64	166.24	500.00
07280	Insurance	.00	.00	.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	27.43	100.00	72.57	227.43	400.00	172.57	1,200.00
07325	Website	.00	.00	.00	.00	.00	.00	167.40
07400	Printing-Repro	30.21	25.83	(4.38)	716.85	103.32	(613.53)	275.00
07423	Business Entity Rept	.00	.00	.00	10.00	10.00	.00	10.00
07430	Federal Income Tax	.00	00	.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	100.00	100.00	100.00
07440	State & Local Tax	.00	.00	.00	11.00	.00	(11.00)	.00
07990	Bad Debt Expenses	.00	.00	.00	332.37	.00	(332.37)	3000.00
General & Administrative		517.64	775.82	258.18	4,750.50	7,063.28	2,312.78	16,802.40

Common Utilities
08910	Electricity	469.41	475.00	5.59	1,877.64	1,900.00	22.36	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	208.32	208.32	625.00
Common Utilities		469.41	527.08	57.67	1,877.64	3,230.92	1,353.28	7,447.60

Maintenance
09001	Pond Maintenance	1,400.00	.00	(1,400.00)	1475.00	.00	(1475.00)	2,800.00
09010	Tree Maintenance	34.99	.00	(34.99)	34.99	.00	(34.99)	1,000.00
09021	Fence Repair	.00	.00	.00	.00	.00	.00	250.00
Maintenance		14,34.99	.00	(1,434.99)	1,509.99	.00	(1,509.99)	4,050.00

Contract Services
09610	Lawn Maintenance	320.00	1023.00	703.00	320.00	1,023.00	703.00	8,800.00
09611	Fertilizer	.00	.00	.00	.00	400.00	400.00	800.00
09612	Bed Maintenance	.00	100.00	100.00	.00	300.00	300.00	500.00
09614	Common Area Improve	.00	.00	.00	.00	.00	.00	4,000.00
09615	Misc Expenses	.00	500.00	500.00	.00	500.00	500.00	500.00
09616	HO Cleanup & Repair	.00	200.00	200	.00	200.00	200.00	200.00
09700	Trash Removal	.00	500.00	500.00	.00	500.00	500.00	500.00
09800	Snow Removal	.00	.00	.00	.00	1,500.00	1,500.00	2,700.00
Contract Services		320.00	2,323.00	2003.00	320.00	4,423.00	4,103.00	18,000.00

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

Total Expenses		2,742.04	3,625.90	883.86	8,458.13	16,717.20	8,259.07	48,300.00
Current Year Net Income / Loss		3,110.40	(3,625.90)	6,736.30	29,266.88	31,582.80	(2,315.92)