Total
Actual Budget $ Over Budget
Income
   Bank Interest 56.41 50.00 6.41
   Certified Letter Fee Collected 75.00 10.00 65.00
   Guest Fees 53.00 150.00 -97.00
   Homeowners' Dues 1,720.00 1,720.00
      2009 Association Dues 372.00 372.00
      2009 Late Fee-Dues 25.00 25.00
      2011 Association Dues 57,079.62 58,032.00 -952.38
      2011 Late Fees - Dues 600.00 25.00 575.00
      2012 Association Dues 372.00 372.00
   Total Homeowners' Dues 60,168.62 58,057.00 2,111.62
   Other Income 9.00 9.00
   Pool Rental-Private Pool Parties 60.00 100.00 -40.00
   Slide Reimbursement 910.82 910.82
   Title Letters 60.00 20.00 40.00
Total Income $61,392.85 $58,387.00 $3,005.85
Gross Profit $61,392.85 $58,387.00 $3,005.85
Expenses
   Administrative Supplies 490.01 1,000.00 -509.99
   Bank Service Charge -266.00 -266.00
   Certified Dues Letters 89.78 30.00 59.78
   Commons
      Bridge Replacement/Repair (deleted) 2,400.00 0.00 2,400.00
      Improvements 768.30 1,000.00 -231.70
         Basketball Hoop Repair 100.00 -100.00
         Entrance Signs-Replacement 5,100.00 -5,100.00
         Exterminator - Ants 195.00 195.00 0.00
         Slide Replacement 1,821.64 1,821.64
      Total Improvements 2,784.94 6,395.00 -3,610.06
      Lawn Care 3,088.10 3,100.00 -11.90
      Social Events
         Easter Egg Hunt 180.86 150.00 30.86
         Garage Sales 84.50 150.00 -65.50
         Luminary Sunday 25.00 25.00
         Summer Bash 829.86 700.00 129.86
         Tween Pool Party 80.00 -80.00
      Total Social Events 1,120.22 1,080.00 40.22
      Spring Cleanup 126.35 160.00 -33.65
   Total Commons 9,519.61 10,735.00 -1,215.39
   Insurance
      Liability 1,699.00 1,700.00 -1.00
      Worker's Compensation 853.00 900.00 -47.00
   Total Insurance 2,552.00 2,600.00 -48.00
   Newsletter/Directory 120.00 -120.00
   Office/General Administrative Expenses 0.00 0.00
   Other Expense 0.00 0.00
   Payroll Expenses
      Payroll Services 140.00 220.00 -80.00
      Payroll Taxes Paid 2,022.62 2,000.00 22.62
   Total Payroll Expenses 2,162.62 2,220.00 -57.38
   Pool
      Operations
         Furniture & Equipment 1,000.00 -1,000.00
         License 200.00 200.00 0.00
         Lifeguards 7,225.64 7,500.00 -274.36
         Maintenance 300.00 -300.00
         Management/Chemicals 11,100.00 13,000.00 -1,900.00
         Pool House Repair/Update 203.03 500.00 -296.97
         Pool Repair 3,000.00 -3,000.00
            Pool filters 4,168.50 4,500.00 -331.50
            Restroom Updates/Repairs (deleted) 0.00 0.00
         Total Pool Repair 4,168.50 7,500.00 -3,331.50
         Supplies 1,020.03 650.00 370.03
      Total Operations 23,917.20 30,650.00 -6,732.80
   Total Pool 23,917.20 30,650.00 -6,732.80
   Professional Fees
      Attorney fees-used for dues collection -668.82 500.00 -1,168.82
      Quickbooks Online Service 403.30 410.00 -6.70
      Website Support-GoDaddy.com 167.76 190.00 -22.24
      Year End Tax Filing 250.00 300.00 -50.00
   Total Professional Fees 152.24 1,400.00 -1,247.76
   Taxes
      Income Tax 50.00 -50.00
      Personal Property Tax-Commons Area 74.72 75.00 -0.28
      Real Estate Tax 3,800.00 -3,800.00
   Total Taxes 74.72 3,925.00 -3,850.28
   Utilities
      Electricity 1,908.97 2,000.00 -91.03
      Gas 1,669.84 1,500.00 169.84
      Telephone 380.17 250.00 130.17
      Trash Pick Up 320.88 250.00 70.88
      Wastewater 183.10 200.00 -16.90
      Water 917.76 1,000.00 -82.24
   Total Utilities 5,380.72 5,200.00 180.72
   Writing off bad debts 500.00 -500.00
Total Expenses $44,072.90 $58,380.00 $ -14,307.10
Net Operating Income $17,319.95 $7.00 $17,312.95
Net Income $17,319.95 $7.00 $17,312.95