2013

Sat, September 26, 2015 |

Bella Vista Village POA 
As of July 10, 2013
           
2011 2012 2012 2013 13 Budget to Change
Description Actual Budget Actual Budget 12 Actual Percent
           
Income            
Assessments 8,492,015 8,527,190 8,452,162 8,494,800 42,638 0.5%
City of Bella Vista 1,209,918 378,225 417,589 0 (417,589) (100.0%)
Food and Beverage 4,265 4,360 6,357 5,500 (857) (13.5%)
Golf 3,976,310 3,914,101 4,334,120 4,111,098 (223,022) (5.1%)
Pro Shop 475,851 442,887 532,461 480,001 (52,460) (9.9%)
Other Recreation 60,568 64,930 71,757 59,215 (12,542) (17.5%)
RV Park 154,245 165,212 168,468 174,215 5,747 3.4%
Facility Use Fees 684,082 664,492 714,147 679,720 (34,427) (4.8%)
Boat 341,178 351,470 346,666 351,470 4,804 1.4%
Interest on Investments 102,928 102,000 67,372 69,600 2,228 3.3%
Water 0 0 0 0 0 0.0%
Sanitation Services 27,955 32,400 28,327 0 (28,327) (100.0%)
Restricted Revenue 0 0 0 0 0 0.0%
Stump Dump 15,875 19,050 14,605 19,050 4,445 30.4%
Lot Sales 87,564 84,000 211,639 162,000 (49,639) (23.5%)
Transfer Fees 237,633 290,000 260,930 276,000 15,070 5.8%
Other 412,286 295,655 533,737 433,520 (100,217) (18.8%)
Total Income 16,282,673 15,335,972 16,160,337 15,316,189 (844,148) (5.2%)
           
           
Food and Beverage 1,957 1,980 1,995 1,992 (3) (0.1%)
Water 0 0 0 0 0 0.0%
Pro Shop 351,183 300,484 404,150 345,601 (58,549) (14.5%)
Printing 0 0 0 0 0 0.0%
Foreclosed Lots 0 0 0 0 0 0.0%
Gun Range 24,485 26,586 28,697 26,400 (2,297) (8.0%)
Total Cost of Goods 377,624 329,050 434,842 373,993 (60,849) (14.0%)
           
Gross Profit 15,905,049 15,006,922 15,725,495 14,942,196 (783,299.28) (5.0%)
           
Expenses            
Salary and Wages 6,961,404 6,774,639 6,662,742 6,852,760 190,018 2.9%
Employee Benefits 1,810,895 1,843,771 1,891,854 1,904,216 12,362 0.7%
Maintenance and Repairs 1,149,350 679,592 907,850 668,301 (239,549) (26.4%)
Supplies 1,621,395 1,074,563 1,143,924 1,058,482 (85,442) (7.5%)
Outside Contracts 1,398,196 1,443,532 1,428,201 1,463,903 35,702 2.5%
Contract Sanitation Service 21,985 22,440 21,844 0 (21,844) (100.0%)
Insurance 420,613 449,326 421,217 415,925 (5,292) (1.3%)
Utilities 887,769 919,909 903,477 966,153 62,676 6.9%
Memberships, Training and Travel 76,759 89,484 75,423 100,475 25,052 33.2%
Fuel and Oil 358,115 326,955 338,630 337,049 (1,581) (0.5%)
Taxes and Permits 374,063 349,331 635,296 368,732 (266,564) (42.0%)
Professional Services 154,370 279,229 295,115 216,334 (78,781) (26.7%)
Membership Elections 29,460 20,400 21,270 22,500 1,230 5.8%
Postage 89,611 109,335 88,726 105,731 17,005 19.2%
Credit Card Fees & Interest Expense 121,048 107,315 127,177 108,150 (19,027) (15.0%)
Other (165,909) 573,064 705,367 702,672 (2,695) (0.4%)
Total Operating Expenses 15,309,124 15,062,885 15,668,110 15,291,382 (376,728) (2.4%)
           
Allocations – MAC 0 (177,729) (177,729) (185,295) (7,567) (4.3%)
Allocations – F & A 0 (687,326) (687,327) (755,100) (67,773) (9.9%)
Total Allocations 0 (865,055) (865,056) (940,395) (75,340) (8.7%)
           
Pre Depreciation Gross 595,925 809,092 922,440 591,209 (331,231) (35.9%)
           
Depreciation 1,605,420 1,732,317 1,684,148 1,662,040 (22,108) (1.3%)
           
Net Income / Cost of Operations (1,009,495) (923,225) (761,707) (1,070,831) (309,124) (40.6%)
           
Simple Cash Flow            
Add: Depreciation 1,605,420 1,732,317 1,684,148 1,662,040 (22,108) (1.3%)
Subtract: Capital Projects (1,277,328) (981,775) (775,115) (525,000) 250,115 32.3%
Add: From Reserves 739,710 169,625 112,231 0 (112,231) (100.0%)
Add: Funds for Carry Over Expenses 86,640 0 119,097 0 (119,097) (100.0%)
Subtract: Carry Over Capital Projects (2,171,349) (822,610) (804,424) (173,973) 630,451 78.4%
Add: Reserves for Carry Over Capital 2,171,349 822,610 804,424 173,973 (630,451) (78.4%)
Add: Financing 0 0 0 0 0 0.0%
Subtract: Debt Service 0 0 0 0 0 0.0%
           
Simple Cash Flow 144,947 (3,058) 378,653 66,209 (312,444) (82.5%)