|
Bella Vista Village Property Owners Association
Lakes Division
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 |
101,880 |
101,880 |
498,667 |
498,667 |
|
|
|
|
Other Recreation |
851 |
863 |
6,122 |
5,863 |
259 |
4.4% |
6,885 |
|
Facility Use Fees |
10,735 |
10,735 |
55,118 |
55,118 |
|
|
|
|
Boat |
16,212 |
12,428 |
253,679 |
229,315 |
24,364 |
10.6% |
125,669 |
|
Other |
65 |
468 |
635 |
468 |
167 |
35.7% |
466 |
|
Total Income |
129,743 |
126,374 |
814,222 |
789,431 |
24,791 |
3.1% |
133,020 |
|
|
|
|
|
|
|
|
|
|
Gross Profit |
129,743 |
126,374 |
814,222 |
789,431 |
24,791 |
3.1% |
133,020 |
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
Salary and Wages |
22,346 |
22,793 |
126,356 |
127,009 |
(653) |
( 0.5%) |
118,566 |
|
Employee Benefits |
4,013 |
4,673 |
27,741 |
28,961 |
(1,220) |
( 4.2%) |
17,899 |
|
Maintenance and Repairs |
2,052 |
2,652 |
14,554 |
11,992 |
2,562 |
21.4% |
8,800 |
|
Supplies |
2,692 |
6,027 |
23,722 |
74,197 |
(50,475) |
( 68.0%) |
11,678 |
|
Outside Contracts |
10,131 |
6,154 |
35,276 |
25,294 |
9,982 |
39.5% |
13,479 |
|
Insurance |
5,898 |
7,272 |
44,207 |
36,917 |
7,290 |
19.7% |
40,418 |
|
Utilities |
1,524 |
2,907 |
10,693 |
11,032 |
(339) |
( 3.1%) |
9,551 |
|
Memberships, Training and Travel |
97 |
(500) |
987 |
2,850 |
(1,863) |
( 65.4%) |
995 |
|
Fuel and Oil |
3,045 |
3,912 |
13,338 |
10,688 |
2,650 |
24.8% |
7,073 |
|
Taxes and Permits |
7,524 |
5,983 |
44,028 |
44,548 |
(520) |
( 1.2%) |
40,600 |
|
Professional Services |
10,926 |
(20,088) |
18,190 |
43,112 |
(24,922) |
( 57.8%) |
21,308 |
|
Postage |
25 |
(10) |
58 |
40 |
18 |
46.2% |
58 |
|
Other |
100 |
10 |
424 |
1,360 |
(936) |
( 68.9%) |
1,179 |
|
Total Operating Expenses |
70,371 |
41,785 |
359,574 |
418,000 |
(58,426) |
( 14.0%) |
291,604 |
|
|
|
|
|
|
|
|
|
|
Pre-Depreciation Gross |
59,372 |
84,589 |
454,647 |
371,431 |
83,216 |
22.4% |
(158,584) |
|
|
|
|
|
|
|
|
|
|
Depreciation |
5,832 |
15,102 |
38,228 |
85,852 |
(47,624) |
( 55.5%) |
33,274 |
|
|
|
|
|
|
|
|
|
|
Allocations - PW |
25,765 |
25,765 |
154,590 |
154,590 |
|
|
|
|
Allocations - F & A |
2,270 |
2,270 |
13,620 |
13,620 |
|
|
|
|
Total Allocations |
28,035 |
28,035 |
168,210 |
168,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income / Cost of Operations |
25,505 |
41,452 |
248,209 |
117,369 |
130,840 |
111.5% |
| |