|
Glennwoods
Homeowner Association Inc.
Year End Financial Report 2008
|
Description |
Year to
Date |
Year
Budget |
|
Actual |
|
|
Income |
47,347.19 |
48,330.00 |
|
Reimb
Mowing |
40.00 |
.00 |
|
Late Fee
Income |
2,394.00 |
.00 |
|
Filing
Fees |
2,745.66 |
.00 |
|
Insurance
Claim ( Tree & Fence ) |
2,211.99 |
.00 |
|
Owner
Admin- Fees |
30.00 |
.00 |
|
Assmts
Paid in Advance |
193.66 |
.00 |
|
Interest
Income |
166.44 |
.00 |
|
Subtotal
Income |
55,128.54 |
48,300.00 |
|
Expenses |
|
Administrative |
|
Management
Fees |
2,825.00 |
4,000.00 |
|
Accounting
Fees |
2,595.00 |
2,800.00 |
|
Legal Fee |
4,310.00 |
2,000.00 |
|
Bank
Charges |
30.00 |
.00 |
|
Insurance |
1,988.00 |
1,900.00 |
|
Post
Office Box |
68.00 |
0.00 |
|
Office
Supplies |
624.56 |
1,200.00 |
|
Printing-Repro |
1,675.11 |
250.00 |
|
Postage
for Mailing |
42.00 |
.00 |
|
Business
Entity Rept |
10.00 |
.00 |
|
Federal
Income Tax |
220.00 |
150.00 |
|
Community
Events |
2,816.20 |
250.00 |
|
Community
Signs |
68.68 |
.00 |
|
Bad Debt
Expenses |
2,951.60 |
3000.00 |
|
General &
Administrative |
17,187.95 |
16,217.40 |
|
|
|
Common
Utilities |
|
08910 |
Electricity |
5,663.93 |
5,700.00 |
|
08935 |
Stormwater
Mgmt Fee |
81.00 |
122.60 |
|
08990 |
Telephone |
578.00 |
625.00 |
|
Common
Utilities |
6,323.87 |
6,447.60 |
|
|
|
Common
Area Expenses |
|
Pond
Maintenance |
2,875.00 |
2,800.00 |
|
Tree
Maintenance |
34.99 |
1,000.00 |
|
Fence
Repair |
.00 |
250.00 |
|
Lawn
Maintenance |
7,340.00 |
8,800.00 |
|
|
|
Fertilizer |
.00 |
800.00 |
|
Bed
Maintenance |
.00 |
500.00 |
|
Common
Area Improvements |
400.00 |
4,000.00 |
|
Misc
Expenses |
75.00 |
500.00 |
|
Home Owner
Cleanup |
225.00 |
200.00 |
|
Trash
Removal |
.00 |
500.00 |
|
Snow
Removal |
1,200.00 |
2,7,00.00 |
|
Contract
Services |
12,149.99 |
22,050.00 |
|
|
|
Community
Expenses |
|
Website |
175.45 |
167.40 |
|
Community
Events |
455.85 |
2,500.00 |
|
Signs |
4,280.00 |
100.00 |
|
Maintenance |
180.84 |
0.00 |
|
Street
Light Installation |
0.00 |
1,000.00 |
|
Total
Community Expenses |
5092.13 |
3,767.40 |
|
|
|
Reserve
Contributions |
|
09910 |
Reserves |
.00 |
.00 |
|
|
|
|
|
Total
Expenses |
43,424.82 |
43,800.00 |
|
Current
Year Net Income / Loss |
11,703.72 |
4,500.00 |
|
