Income Statement w/o Water


Bella Vista Village POA Income Statement Without
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
  Sanitation Services   1,641,743 0   1,641,743   1,620,564   21,179
  Stump Dump   256,282 0   256,282   391,000   (134,718)
  Lot Sales   906,165 0   906,165   550,000   356,165
  Transfer Fees   847,756 0   847,756   750,000   97,756
  Other   1,164,212 0   1,164,212   1,377,549   (213,337)
              0    
  Total Income   20,104,973 0   20,104,973   19,804,945   300,028
                   
                     
  Food and Beverage   2,851 0   2,851   2,858   (7)
  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   457,829 0   457,829   396,092   61,737
    8         8    
Gross Profit   19,647,144 0   19,647,144   19,408,853   238,291
                   
Expense                  
  Salary and Wages   7,334,413 0   7,334,413   7,594,786   (260,373)
  Employee Benefits   2,053,302 0   2,053,302   2,435,685   (382,383)
  Maintenance and Repairs   602,980 0   602,980   599,090   3,890
  Supplies   1,164,143 0   1,164,143   1,187,526   (23,383)
  Outside Contracts   2,057,225 0   2,057,225   2,293,409   (236,184)
  Contract Sanitation Service   1,166,998 0   1,166,998   1,147,903   19,095
  Insurance – Liability and Casualty   801,317 0   801,317   786,528   14,789
  Utilities   862,783 0   862,783   798,832   63,951
  Memberships, Training and Travel   59,349 0   59,349   81,257   (21,908)
  Fuel and Oil   327,110 0   327,110   283,749   43,361
  Taxes and Permits   280,887 0   280,887   265,173   15,714
  Professional Services   493,374 0   493,374   397,100   96,274
  Board Functions   112,661 0   112,661   145,350   (32,689)
  Postage   74,446 0   74,446   134,375   (59,929)
  Interest Expense & CC Charges   123,319 0   123,319   203,927   (80,608)
  Other   (446,688) 0   (446,688)   (818,067)   371,379
    0 0   0   0    
  Total Expense   17,067,619 0   17,067,619   17,536,623   (469,004)
                   
Pre-Depreciation Gross   2,579,525 0   2,579,525   1,872,230   707,295
                   
  Depreciation   1,401,366 0   1,401,366   1,429,241   (27,875)
                   
Income / (Cost) of Operations   1,178,159 0   1,178,159   442,989   735,170
                   
  Simple Cash Flow                  
  Add Depreciation   1,401,366 0   1,401,366   1,429,241   (27,875)
  Subtract Capital Projects   (2,612,060) 0   (2,612,060)   (4,385,022)   1,772,962
  Add: Reserves   1,687,762 0   1,687,762   2,903,386   (1,215,624)
  Subtract Debt Service   (190,900) 0   (190,900)   (186,813)   (4,087)
  Simple Cash Flow   1,464,327 0   1,464,327   203,781   1,260,546