|
Bella Vista Village Property Owners Association
Finance & Administrations 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 |
206,365 |
198,670 |
615,592 |
581,076 |
34,516 |
5.9% |
4,233,618 |
|
City of Bella Vista |
|
(25,734) |
|
1,791 |
(1,791) |
( 100.0%) |
|
|
Facility Use Fees |
2,398 |
10,699 |
54,038 |
55,080 |
(1,042) |
( 1.9%) |
221,198 |
|
Interest on Investments |
27,801 |
44,243 |
183,552 |
169,243 |
14,309 |
8.5% |
146,200 |
|
Lot Sales |
|
14,421 |
34,421 |
54,421 |
(20,000) |
( 36.8%) |
38,032 |
|
Transfer Fees |
22,341 |
(5,000) |
133,270 |
120,000 |
13,270 |
11.1% |
233,391 |
|
Other |
13,025 |
15,223 |
78,381 |
100,920 |
(22,539) |
( 22.3%) |
21,357 |
|
Total Income |
271,930 |
252,522 |
1,099,254 |
1,082,531 |
16,723 |
1.5% |
4,893,798 |
|
|
|
|
|
|
|
|
|
|
Gross Profit |
271,930 |
252,522 |
1,099,254 |
1,082,531 |
16,723 |
1.5% |
4,893,798 |
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
Salary and Wages |
128,188 |
127,933 |
851,634 |
851,782 |
(148) |
( 0.0%) |
714,725 |
|
Employee Benefits |
36,269 |
42,724 |
265,018 |
266,100 |
(1,082) |
( 0.4%) |
188,855 |
|
Maintenance and Repairs |
972 |
3,211 |
5,134 |
8,961 |
(3,827) |
( 42.7%) |
3,985 |
|
Supplies |
6,576 |
25,505 |
157,985 |
238,326 |
(80,341) |
( 33.7%) |
75,320 |
|
Outside Contracts |
23,654 |
14,328 |
111,614 |
144,780 |
(33,166) |
( 22.9%) |
132,281 |
|
Insurance |
2,630 |
5,481 |
28,032 |
22,931 |
5,101 |
22.2% |
26,257 |
|
Utilities |
3,822 |
(9,091) |
28,489 |
41,830 |
(13,341) |
( 31.9%) |
46,287 |
|
Memberships, Training and Travel |
2,275 |
2,479 |
29,021 |
68,993 |
(39,972) |
( 57.9%) |
23,719 |
|
Fuel and Oil |
534 |
2,342 |
3,092 |
4,564 |
(1,472) |
( 32.3%) |
1,922 |
|
Taxes and Permits |
1,349 |
2,281 |
10,357 |
11,151 |
(794) |
( 7.1%) |
2,837 |
|
Professional Services |
8,086 |
29,857 |
50,615 |
121,692 |
(71,077) |
( 58.4%) |
100,909 |
|
Board Functions |
5,023 |
44 |
19,549 |
29,944 |
(10,395) |
( 34.7%) |
27,738 |
|
Postage |
704 |
1,732 |
47,102 |
56,464 |
(9,362) |
( 16.6%) |
40,952 |
|
Interest Expense & Credit Card Fees |
1,720 |
(1,065) |
17,919 |
24,665 |
(6,746) |
( 27.3%) |
27,635 |
|
Other |
(7,458) |
(33,381) |
(120,496) |
(107,270) |
(13,226) |
12.3% |
(420,772) |
|
Total Operatiing Expenses |
214,344 |
214,380 |
1,505,065 |
1,784,913 |
(279,848) |
( 15.7%) |
992,649 |
|
|
|
|
|
|
|
|
|
|
Pre-Depreciation Gross |
57,586 |
38,142 |
(405,811) |
(702,382) |
296,571 |
( 42.2%) |
3,901,148 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
12,806 |
22,589 |
83,256 |
131,454 |
(48,198) |
( 36.7%) |
58,977 |
|
|
|
|
|
|
|
|
|
|
Allocations - PW |
11,699 |
11,699 |
70,194 |
70,194 |
|
|
|
|
Allocations - F & A |
(66,536) |
(66,536) |
(399,216) |
(399,216) |
|
|
|
|