Bella Vista Village

Bella Vista Village Property Owners Association
Golf Division 20 w/o Golf Improvement Fee
For the Twelve Months Ending December 31, 2006
After Audit Numbers

 

December 2006 December 2006 YTD YTD YTD PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income
Assessments 661,809 692,552 8,567,257 8,273,768 293,489  3.5% 8,337,777
Food and Beverage 2,066 2,000 9,446 8,005 1,441  18.0% 238,928
Golf 169,722 221,186 4,689,934 5,142,001 (452,067) ( 8.8%) 4,417,635
Pro Shop 32,217 35,300 463,711 498,900 (35,189) ( 7.1%) 510,922
Other Recreation 1,798 2,500 59,909 75,430 (15,521) ( 20.6%) 67,785
RV Park 29,134 12,109 226,529 210,846 15,683  7.4% 217,201
Facility Use Fees 20,962 21,289 571,914 616,282 (44,368) ( 7.2%) 568,237
Boat 22,877 21,025 262,284 248,600 13,684  5.5% 249,435
Interest on Investments 94,498 3,500 437,831 42,000 395,831  942.5% 211,925
Water 465,403 434,364 6,207,625 5,796,690 410,935  7.1% 5,299,676
Sanitation Services 140,472 139,680 1,641,743 1,620,564 21,179  1.3% 1,465,859
Restricted Revenue 603 185 7,998 2,220 5,778  260.3% 2,413
Stump Dump 13,800 33,580 256,282 391,000 (134,718) ( 34.5%) 358,486
Lot Sales 0 0 906,165 550,000 356,165  64.8% 1,198,355
Transfer Fees 47,921 61,950 847,756 750,000 97,756  13.0% 225,349
Other 177,248 47,746 4,181,539 5,034,172 (852,633) ( 16.9%) 1,260,385
Total Income 1,880,529 1,728,966 29,337,924 29,260,478 77,446  0.3% 24,630,369
Food and Beverage 699 600 2,851 2,858 (7) ( 0.3%) 107,215
Water 118,646 136,498 1,915,304 1,924,783 (9,479) ( 0.5%) 1,908,018
Pro Shop 27,295 26,468 372,936 377,884 (4,948) ( 1.3%) 412,242
Foreclosed Lots 0 0 64,384 0 64,384 0
Gun Range 1,202 2,025 17,658 15,350 2,308  15.0% 17,678
Total Cost of Goods 147,842 165,591 2,373,133 2,320,875 52,258  2.3% 2,445,153
Gross Profit 1,732,687 1,563,375 26,964,791 26,939,604 25,188  0.1% 22,185,215
Expenses
Salary and Wages 649,577 580,146 8,013,048 8,345,058 (332,010) ( 4.0%) 7,227,497
Employee Benefits 152,307 223,472 2,243,580 2,708,030 (464,450) ( 17.2%) 2,400,956
Maintenance and Repairs 162,278 36,042 833,759 765,645 68,114  8.9% 759,427
Supplies 311,817 69,157 1,606,363 1,620,296 (13,933) ( 0.9%) 1,373,079
Outside Contracts 155,542 118,181 2,147,331 2,388,674 (241,343) ( 10.1%) 1,993,815
Contract Sanitation Service 99,384 98,940 1,166,998 1,147,903 19,095  1.7% 1,070,813
Insurance 108,080 78,714 965,055 944,568 20,487  2.2% 900,633
Utilities 80,706 64,598 939,836 867,052 72,784  8.4% 867,549
Memberships, Training and Travel 6,961 1,230 67,010 85,482 (18,472) ( 21.6%) 63,688
Fuel and Oil 29,530 21,224 379,649 335,307 44,342  13.2% 311,745
Taxes and Permits 25,702 25,076 328,207 315,989 12,218  3.9% 358,956
Professional Services 186,510 21,675 504,096 437,100 66,996  15.3% 187,194
Board Functions 46,458 36,250 112,661 145,350 (32,689) ( 22.5%) 41,905
Postage 30,333 23,106 137,821 182,349 (44,528) ( 24.4%) 110,493
Interest Expense & Credit Card Fees 9,565 25,806 162,165 353,027 (190,862) ( 54.1%) 137,990
Other 96,093 (5,090) 267,546 (113,080) 380,626 ( 336.6%) 271,567
Total Operating Expenses 2,150,843 1,418,527 19,875,125 20,528,750 (653,625) ( 3.2%) 18,077,306
Pre-Depreciation Gross (418,156) 144,848 7,089,666 6,410,854 678,812  10.6% 4,107,909
Depreciation 176,333 171,145 1,960,821 1,998,295 (37,474) ( 1.9%) 2,015,281
Net Income / Cost of Operations (594,490) (26,297) 5,128,845 4,412,559 716,287  16.2% 2,092,629