Income Statement with Water


Bella Vista Village POA Income Statement With
Water
 
December 2006 Year-To-Date Compared To Budget  After Audit
                   
      YTD YTD   YTD Actual   YTD   Variance
      Actual Timing   Plus Timing   Budget   To Budget
Income                  
  Assessments    8,567,257 0   8,567,257   8,273,768   293,489
  Food and Beverage   9,446 0   9,446   8,005   1,441
  Golf   4,689,934 0   4,689,934   5,142,001   (452,067)
  Pro Shop   463,711 0   463,711   498,900   (35,189)
  Other Recreation   59,909 0   59,909   75,430   (15,521)
  RV Park   226,529 0   226,529   210,846   15,683
  Facility Use Fees   571,914 0   571,914   616,282   (44,368)
  Boat   262,284 0   262,284   248,600   13,684
  Interest on Investments   437,831 0   437,831   42,000   395,831
  Water   6,207,625 0   6,207,625   5,796,690   410,935
  Sanitation Services   1,641,743 0   1,641,743   1,620,564   21,179
  Restricted Revenue   7,998 0   7,998   2,220   5,778
  Stump Dump   256,282 0   256,282   391,000   (134,718)
  Lot Sales   916,165 0   916,165   550,000   366,165
  Transfer Fees   847,756 0   847,756   750,000   97,756
  Other   4,171,540 0   4,171,540   5,034,173   (862,633)
                   
  Total Income   29,337,924 0   29,337,924   29,260,479   77,445
                   
                     
  Food and Beverage   2,851 0   2,851   2,858   (7)
  Water   1,915,304 0   1,915,304   1,924,783   (9,479)
  Pro Shop   372,936 0   372,936   377,884   (4,948)
  Foreclosed Lots   64,384 0   64,384   0   64,384
  Other Recreation   17,658 0   17,658   15,350   2,308
                   
  Total Cost of Goods   2,373,133 0   2,373,133   2,320,875   52,258
    8         8    
Gross Profit   26,964,791 0   26,964,791   26,939,604   25,187
                   
Expense                  
  Salary and Wages   8,013,048 0   8,013,048   8,345,058   (332,010)
  Employee Benefits   2,243,580 0   2,243,580   2,708,030   (464,450)
  Maintenance and Repairs   833,759 0   833,759   765,645   68,114
  Supplies   1,606,363 0   1,606,363   1,620,296   (13,933)
  Outside Contracts   2,147,331 0   2,147,331   2,388,674   (241,343)
  Contract Sanitation Service   1,166,998 0   1,166,998   1,147,903   19,095
  Insurance – Liability and Casualty   965,055 0   965,055   944,568   20,487
  Utilities   939,836 0   939,836   867,052   72,784
  Memberships, Training and Travel   67,010 0   67,010   85,482   (18,472)
  Fuel and Oil   379,649 0   379,649   335,307   44,342
  Taxes and Permits   328,207 0   328,207   315,989   12,218
  Professional Services   504,096 0   504,096   437,100   66,996
  Board Functions   112,661 0   112,661   145,350   (32,689)
  Postage   137,821 0   137,821   182,349   (44,528)
  Interest Expense & CC Charges   162,165 0   162,165   353,027   (190,862)
  Other   267,541 0   267,541   (113,080)   380,621
    0 0   0   0    
  Total Expense   19,875,120 0   19,875,120   20,528,750   (653,630)
                   
Pre-Depreciation Gross   7,089,671 0   7,089,671   6,410,854   678,817
                   
  Depreciation   1,960,821 0   1,960,821   1,998,295   (37,474)
                   
Income / (Cost) of Operations   5,128,850 0   5,128,850   4,412,559   716,291
                   
  Simple Cash Flow                  
  Add Depreciation   1,960,821 0   1,960,821   1,998,295   (37,474)
  Subtract Capital Projects   (7,925,627) 0   (7,925,627)   (12,125,407)   4,199,780
  Add: Reserves, Financing   2,687,762 0   2,687,762   5,414,233   (2,726,471)
  Subtract Debt Service   (338,816) 0   (338,816)   (410,561)   71,745
  Simple Cash Flow   1,512,990 0   1,512,990   (710,881)   2,223,871