Finance and Administration Division

Bella Vista Village Property Owners Association
Finance & Administrations Division 90
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
Facility Use Fees 5,459 9,889   322,433   395,745 (73,312)   ( 18.5%) 322,736
Interest on Investments 94,498 3,500   437,831   42,000 395,831    942.5% 211,925
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 82,761 9,350   204,214   161,675 42,539    26.3% 103,016
Total Income 892,448 777,241   11,285,656   10,173,188 1,112,468    10.9% 10,399,159
                   
Foreclosed Lots 0 0   64,384   0 64,384     0
Total Cost of Goods 0 0   64,384   0 64,384     0
                   
Gross Profit 892,448 777,241   11,221,272   10,173,188 1,048,084    10.3% 10,399,159
                   
Expenses                    
Salary and Wages 104,748 106,892   1,373,634   1,373,831 (197)   ( 0.0%) 1,239,462
Employee Benefits 31,302 35,459   393,776   450,885 (57,109)   ( 12.7%) 524,676
Maintenance and Repairs 197 885   9,932   11,990 (2,058)   ( 17.2%) 12,003
Supplies 93,318 11,560   242,742   198,650 44,092    22.2% 165,316
Outside Contracts 52,634 14,474   302,766   322,816 (20,050)   ( 6.2%) 189,796
Insurance 10,166 4,048   68,115   48,576 19,539    40.2% 56,755
Utilities 10,177 5,378   76,400   64,810 11,590    17.9% 66,862
Memberships, Training and Travel 2,921 950   25,842   35,502 (9,660)   ( 27.2%) 21,870
Fuel and Oil 241 370   3,790   4,067 (277)   ( 6.8%) 3,140
Taxes and Permits 435 1,224   14,921   15,153 (232)   ( 1.5%) 19,207
Professional Services 133,411 21,475   356,318   319,200 37,118    11.6% 80,038
Board Functions 46,458 36,250   112,661   145,350 (32,689)   ( 22.5%) 41,905
Postage 20,051 18,813   71,648   131,306 (59,658)   ( 45.4%) 65,646
Interest Expense & Credit Card Fees 3,500 9,247   56,728   122,729 (66,001)   ( 53.8%) 2,238
Other 20,590 (64,316)   (531,002)   (881,006) 350,004   ( 39.7%) (204,503)
Total Operating Expenses 530,147 202,709   2,578,269   2,363,859 214,410    9.1% 2,284,413
                   
Pre-Depreciation Gross 362,300 574,532   8,643,003   7,809,329 833,674    10.7% 8,114,747
                   
Depreciation 13,792 12,807   112,843   139,344 (26,501)   ( 19.0%) 122,930
                   
Net Income / Cost of Operations 348,508 561,725   8,530,160   7,669,985 860,175    11.2% 7,991,817