2009

Thu, October 1, 2015 |

         

Bella Vista Village POA Consolidated without Water 
Prepared April 30, 2009
           
2007 2008 2008 2009 09 Budget to Change
Description Actual Budget Actual Budget 08 Actual Percent
           
Income            
Assessments 8,506,022 8,385,920 8,453,353 8,193,096 (260,257) ( 3.1%)
City of Bella Vista 0 366,830 270,521 1,111,761 841,240  311.0%
Food and Beverage 9,044 9,827 6,673 6,700 27  0.4%
Golf 4,237,989 3,991,558 4,093,656 4,445,285 351,629  8.6%
Pro Shop 483,078 458,347 502,083 502,052 (31) ( 0.0%)
Other Recreation 55,863 66,472 54,546 66,430 11,884  21.8%
RV Park 207,126 221,600 214,362 252,055 37,693  17.6%
Facility Use Fees 559,901 588,589 595,368 621,258 25,890  4.3%
Boat 266,562 247,450 270,304 384,362 114,058  42.2%
Interest on Investments 365,862 319,243 391,029 264,000 (127,029) ( 32.5%)
Water 0 0 0 0 0  0.0%
Sanitation Services 1,857,849 785,485 964,726 0 (964,726) ( 100.0%)
Restricted Revenue 0 0 0 0 0  0.0%
Stump Dump 160,820 67,100 82,450 79,375 (3,075) ( 3.7%)
Lot Sales 131,743 102,421 165,586 88,000 (77,586) ( 46.9%)
Transfer Fees 456,524 270,000 249,333 345,000 95,667  38.4%
Other 1,326,816 462,857 487,954 323,754 (164,200) ( 33.7%)
Total Income 18,625,198 16,343,699 16,801,944 16,683,128 (118,816) ( 0.7%)
           
           
Food and Beverage 2,427 3,370 1,520 3,500 1,980  130.3%
Water 0 0 0 0 0  0.0%
Pro Shop 353,583 334,454 362,554 372,252 9,698  2.7%
Foreclosed Lots 0 0 0 0 0  0.0%
Other Recreation 15,518 16,900 20,367 16,900 (3,467) ( 17.0%)
Total Cost of Goods 371,528 354,724 384,440 392,652 8,212  2.1%
           
Gross Profit 18,253,670 15,988,975 16,417,504 16,290,476 (127,028) ( 0.8%)
           
Expenses            
Salary and Wages 7,520,585 6,682,248 6,595,017 6,907,063 312,046  4.7%
Employee Benefits 2,109,196 1,862,490 1,687,230 1,866,201 178,971  10.6%
Maintenance and Repairs 610,616 631,236 807,753 776,203 (31,550) ( 3.9%)
Supplies 1,167,657 1,648,499 1,758,685 1,738,655 (20,030) ( 1.1%)
Outside Contracts 1,409,695 1,349,346 1,329,378 1,310,332 (19,046) ( 1.4%)
Contract Sanitation Service 1,355,802 595,629 731,798 0 (731,798) ( 100.0%)
Insurance 769,130 482,484 514,150 424,187 (89,963) ( 17.5%)
Utilities 876,130 780,075 737,324 837,627 100,303  13.6%
Memberships, Training and Travel 69,160 146,847 102,607 135,275 32,668  31.8%
Fuel and Oil 335,230 319,297 364,557 345,658 (18,899) ( 5.2%)
Taxes and Permits 300,910 307,303 320,888 310,291 (10,597) ( 3.3%)
Professional Services 195,462 330,979 272,789 248,690 (24,099) ( 8.8%)
Board Functions 7,017 32,669 39,181 36,272 (2,909) ( 7.4%)
Postage 75,550 120,964 104,093 150,500 46,407  44.6%
Interest Expense & Credit Card Fees 106,633 115,693 109,875 125,268 15,393  14.0%
Other (489,230) (449,470) (400,796) (556,234) (155,438)  38.8%
Total Operating Expenses 16,419,544 14,956,289 15,074,528 14,655,988 (418,540) ( 2.8%)
           
Allocations – MAC 0 0 0 0 0  0.0%
Allocations – F & A 0 0 0 0 0  0.0%
Total Allocations 0 0 0 0 0  0.0%
           
Pre Depreciation Gross 1,834,127 1,032,686 1,342,975 1,634,488 291,513  21.7%
           
Depreciation 1,556,337 1,781,179 1,418,587 1,645,893 227,306  16.0%
           
Accounting Change – Vacation & Sick Accruals 0 0 (247,191) 0 247,191 ( 100.0%)
           
Income before Extraordinary 277,790 (748,493) 171,579 (11,405) (182,984) ( 106.6%)
           
ASSET TRANSFER TO CITY 809,837 0 0 0 0  0.0%
           
Net Income / Cost of Operations (532,047) (748,493) 171,579 (11,405) (182,984) ( 106.6%)
           
Simple Cash Flow            
Add: Depreciation 1,556,337 1,781,179 1,418,587 1,645,893 227,306 16.0%
Add: Assets Transferred to City of BV 809,837 0 0 0 0 0.0%
Subtract: Capital Projects (814,428) (1,549,510) (1,201,036) (1,501,600) (300,564) 25.0%
Subtract: Appropriated for Unspecified 0 0 0 (132,888) (132,888) 0.0%
Add: From Reserves 714,986 193,210 100,710 0 (100,710) (100.0%)
Add: Funds for Carry Over Expenses 0 323,614 323,614 0 (323,614) (100.0%)
Subtract: Carry Over Capital Projects (1,619,422) (161,922) (40,317) (318,718) (278,401) 690.5%
Add: Reserves for Carry Over Capital 1,619,422 161,922 40,317 318,718 278,401 690.5%
Add: Financing 0 0 0 0 0 0.0%
Subtract: Debt Service (667,652) 0 0 0 0 0.0%
0 0 0 0 0 0.0%
Simple Cash Flow 1,067,033
0 813,454
0 (813,454) (100.0%)

Water Utility
 Prepared April 30, 2009
           
2007 2008 2008 2009 09 Budget to Change
Description Actual Budget Actual Budget 08 Actual Percent
           
Income            
Assessments 0 0 0 0 0  0.0%
City of Bella Vista 0 49,259 20,030 40,020 19,991  99.8%
Food and Beverage 0 0 0 0 0  0.0%
Golf 0 0 0 0 0  0.0%
Pro Shop 0 0 0 0 0  0.0%
Other Recreation 0 0 0 0 0  0.0%
RV Park 0 0 0 0 0  0.0%
Facility Use Fees 0 0 0 0 0  0.0%
Boat 0 0 0 0 0  0.0%
Interest on Investments 0 0 0 0 0  0.0%
Water 7,228,331 7,177,485 6,577,728 8,057,244 1,479,516  22.5%
Sanitation Services 0 0 0 0 0  0.0%
Restricted Revenue 8,485 3,600 4,112 2,700 (1,412) ( 34.3%)
Stump Dump 0 0 0 0 0  0.0%
Lot Sales 0 0 0 0 0  0.0%
Transfer Fees 0 0 0 0 0  0.0%
Other 736,608 532,450 545,889 508,750 (37,139) ( 6.8%)
Total Income 7,973,424 7,762,794 7,147,758 8,608,714 1,460,956  20.4%
           
           
Food and Beverage 0 0 0 0 0  0.0%
Water 1,810,431 2,011,605 1,863,837 2,052,702 188,865  10.1%
Pro Shop 0 0 0 0 0  0.0%
Foreclosed Lots 0 0 0 0 0  0.0%
Other Recreation 0 0 0 0 0  0.0%
Total Cost of Goods 1,810,431 2,011,605 1,863,837 2,052,702 188,865  10.1%
           
Gross Profit 6,162,993 5,751,189 5,283,922 6,556,012 1,272,090  24.1%
           
Expenses            
Salary and Wages 758,252 852,945 837,411 779,718 (57,693) ( 6.9%)
Employee Benefits 194,603 275,525 202,357 269,587 67,230  33.2%
Maintenance and Repairs 295,717 474,520 334,841 474,520 139,679  41.7%
Supplies 166,167 711,652 652,891 442,500 (210,391) ( 32.2%)
Outside Contracts 108,817 129,662 100,003 129,894 29,891  29.9%
Contract Sanitation Service 0 0 0 0 0  0.0%
Insurance 177,019 143,196 152,704 153,197 493  0.3%
Utilities 75,817 93,800 79,531 90,830 11,299  14.2%
Memberships, Training and Travel 5,493 11,843 8,284 9,700 1,416  17.1%
Fuel and Oil 58,214 62,470 76,629 72,487 (4,142) ( 5.4%)
Taxes and Permits 50,923 51,960 49,834 51,912 2,078  4.2%
Professional Services 50,206 37,600 24,800 37,600 12,800  51.6%
Board Functions 0 0 0 0 0  0.0%
Postage 73,369 78,805 60,581 79,209 18,628  30.7%
Interest Expense & Credit Card Fees 102,703 189,200 86,023 189,200 103,177  119.9%
Other 756,506 862,403 731,915 910,484 178,569  24.4%
Total Operating Expenses 2,873,807 3,975,581 3,397,803 3,690,838 293,035  8.6%
           
Allocations – MAC 0 0 0 0 0  0.0%
Allocations – F & A 0 0 0 0 0  0.0%
Total Allocations 0 0 0 0 0  0.0%
           
Pre Depreciation Gross 3,289,186 1,775,608 1,886,119 2,865,174 979,055  51.9%
           
Depreciation 797,685 893,142 871,251 1,016,525 145,274  16.7%
           
Accounting Change – Vacation & Sick Accruals     (30,158)   30,158 ( 100.0%)
           
Income before Extraordinary 2,491,501 882,466 1,045,025 1,848,649 803,624  76.9%
           
ASSET TRANSFER TO CITY 0 0 0 0 0  0.0%
           
Net Income / Cost of Operations 2,491,501 882,466 1,045,025 1,848,649 803,624  76.9%
           
Simple Cash Flow            
Add: Depreciation 797,685 893,142 871,251 1,016,525 145,274 16.7%
Add: Assets Transferred to City of BV 0 0 0 0 0 0.0%
Subtract: Capital Projects (275,892) (1,226,830) (539,714) (6,367,438) (5,827,724) 1,079.8%
Subtract: Appropriated for Unspecified         0 0.0%
Add: From Reserves         0 0.0%
Add: Funds for Carry Over Expenses   271,295 271,295   (271,295) (100.0%)
Subtract: Carry Over Capital Projects (1,006,210) (796,551) (509,655) (743,450) (233,795) 45.9%
Add: Reserves for Carry Over Capital   0     0 0.0%
Add: Financing   500,000   4,370,903 4,370,903 0.0%
Subtract: Debt Service (115,000) (115,000) (115,000) (120,000) (5,000) 4.3%
        0 0.0%
Simple Cash Flow 1,892,084 408,522 1,023,203 5,189 (1,018,014) (99.5%)