Golf Division

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
Golf 169,722 221,186 4,689,934 5,142,001 (452,067) ( 8.8%) 4,081,381
Pro Shop 32,217 35,300 463,711 498,900 (35,189) ( 7.1%) 510,922
Other 1,221 290 75,793 7,980 67,813  849.8% 35,021
Total Income 203,160 256,776 5,229,438 5,648,881 (419,443) ( 7.4%) 4,627,324
Pro Shop 27,295 26,468 372,936 377,884 (4,948) ( 1.3%) 412,242
Total Cost of Goods 27,295 26,468 372,936 377,884 (4,948) ( 1.3%) 412,242
Gross Profit 175,866 230,308 4,856,502 5,270,998 (414,495) ( 7.9%) 4,215,082
Expenses
Salary and Wages 176,132 131,012 2,261,792 2,372,848 (111,056) ( 4.7%) 2,077,836
Employee Benefits 23,956 43,471 535,607 626,810 (91,203) ( 14.6%) 558,080
Maintenance and Repairs 35,545 6,775 212,734 226,260 (13,526) ( 6.0%) 229,103
Supplies 13,843 5,317 479,427 515,801 (36,374) ( 7.1%) 416,536
Outside Contracts 47,853 60,050 717,399 719,015 (1,616) ( 0.2%) 668,037
Insurance 23,338 16,061 192,381 192,732 (351) ( 0.2%) 186,209
Utilities 20,682 18,600 291,427 269,925 21,502  8.0% 265,510
Memberships, Training and Travel 265 75 7,651 23,235 (15,584) ( 67.1%) 13,766
Fuel and Oil 10,748 4,092 128,082 114,463 13,619  11.9% 107,852
Taxes and Permits 8,928 8,573 124,316 104,381 19,935  19.1% 129,167
Professional Services 0 0 4,200 3,500 700  20.0% 3,800
Postage 10 65 1,650 1,785 (135) ( 7.6%) 1,337
Interest Expense & Credit Card Fees 2,256 2,978 52,575 69,197 (16,622) ( 24.0%) 55,806
Other 2,850 0 7,778 11,725 (3,947) ( 33.7%) 9,268
Total Operating Expenses 366,406 297,069 5,017,019 5,251,677 (234,658) ( 4.5%) 4,722,308
Pre-Depreciation Gross (190,540) (66,761) (160,517) 19,321 (179,837) ( 930.8%) (507,226)
Depreciation 37,335 37,244 448,279 442,853 5,426  1.2% 457,877
Net Income / Cost of Operations (227,875) (104,005) (608,796) (423,533) (185,263)  43.7% (965,102)