|
Bella Vista Village Property Owners Association
Golf Division w/o Golf Improvement Fee
For the Six Months Ending June 30, 2008
|
|
June 2008 |
June 2008 |
YTD |
YTD |
YTD |
|
PREVIOUS YR. |
|
DESCRIPTION |
ACTUAL |
BUDGET |
Actual |
Budget |
Variance |
Variance % |
ACTUAL |
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
Assessments |
203,954 |
203,954 |
1,331,225 |
1,331,225 |
|
|
|
|
Golf |
402,941 |
317,720 |
2,365,570 |
2,341,524 |
24,046 |
1.0% |
2,511,148 |
|
Pro Shop |
56,705 |
36,697 |
233,607 |
200,672 |
32,935 |
16.4% |
230,052 |
|
Facility Use Fees |
10,735 |
10,735 |
55,118 |
55,118 |
|
|
|
|
Other |
7,097 |
12,556 |
38,023 |
35,686 |
2,337 |
6.5% |
35,120 |
|
Total Income |
681,433 |
581,662 |
4,023,543 |
3,964,225 |
59,318 |
1.5% |
2,776,320 |
|
|
|
|
|
|
|
|
|
|
Pro Shop |
39,877 |
14,822 |
154,585 |
139,174 |
15,411 |
11.1% |
166,117 |
|
Total Cost of Goods |
39,877 |
14,822 |
154,585 |
139,174 |
15,411 |
11.1% |
166,117 |
|
|
|
|
|
|
|
|
|
|
Gross Profit |
641,556 |
566,840 |
3,868,958 |
3,825,051 |
43,907 |
1.1% |
2,610,203 |
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
Salary and Wages |
272,314 |
271,570 |
1,346,428 |
1,347,837 |
(1,409) |
( 0.1%) |
1,187,166 |
|
Employee Benefits |
58,346 |
56,306 |
359,239 |
374,938 |
(15,699) |
( 4.2%) |
259,454 |
|
Maintenance and Repairs |
25,569 |
16,194 |
170,150 |
170,424 |
(274) |
( 0.2%) |
106,680 |
|
Supplies |
76,443 |
72,577 |
351,115 |
414,407 |
(63,292) |
( 15.3%) |
231,334 |
|
Outside Contracts |
60,071 |
49,588 |
363,478 |
356,813 |
6,665 |
1.9% |
335,476 |
|
Insurance |
4,336 |
13,214 |
76,248 |
85,014 |
(8,766) |
( 10.3%) |
95,150 |
|
Utilities |
23,435 |
22,746 |
121,408 |
127,890 |
(6,482) |
( 5.1%) |
117,873 |
|
Memberships, Training and Travel |
432 |
66 |
16,065 |
23,051 |
(6,986) |
( 30.3%) |
14,116 |
|
Fuel and Oil |
25,122 |
26,747 |
81,225 |
74,208 |
7,017 |
9.5% |
41,859 |
|
Taxes and Permits |
11,841 |
16,678 |
72,251 |
70,318 |
1,933 |
2.7% |
60,563 |
|
Professional Services |
|
400 |
4,800 |
4,800 |
|
|
4,400 |
|
Postage |
26 |
(36) |
882 |
1,229 |
(347) |
( 28.2%) |
815 |
|
Interest Expense & Credit Card Fees |
6,214 |
7,257 |
32,033 |
31,252 |
781 |
2.5% |
24,529 |
|
Other |
6,702 |
7,914 |
33,059 |
25,689 |
7,370 |
28.7% |
27,083 |
|
Total Operating Expenses |
570,851 |
561,221 |
3,028,382 |
3,107,870 |
(79,488) |
( 2.6%) |
2,506,497 |
|
|
|
|
|
|
|
|
|
|
Pre-Depreciation Gross |
70,705 |
5,619 |
840,576 |
717,181 |
123,395 |
17.2% |
103,706 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
36,877 |
46,708 |
219,486 |
268,478 |
(48,992) |
( 18.2%) |
198,997 |
|
|
|
|
|
|
|
|
|
|
Allocations - PW |
13,907 |
13,907 |
83,442 |
83,442 |
|
|
|
|
Allocations - F & A |
47,162 |
47,162 |
282,972 |
282,972 |
|
|
|
| |