Lakes Division

Bella Vista Village Property Owners Association
Lakes Division
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
Other Recreation 0 0 7,544 9,000 (1,456) ( 16.2%) 8,124
Boat 22,877 21,025 262,284 248,600 13,684  5.5% 249,435
Other 48 0 2,220 0 2,220 (808)
Total Income 22,925 21,025 272,048 257,600 14,448  5.6% 256,751
Gross Profit 22,925 21,025 272,048 257,600 14,448  5.6% 256,751
Expenses
Salary and Wages 8,610 8,789 153,292 175,372 (22,080) ( 12.6%) 123,261
Employee Benefits 1,214 1,840 27,937 31,009 (3,072) ( 9.9%) 25,246
Maintenance and Repairs 9,478 620 60,057 14,140 45,917  324.7% 10,866
Supplies 27,369 525 48,001 55,205 (7,204) ( 13.0%) 23,763
Outside Contracts 1,864 3,750 20,319 46,000 (25,681) ( 55.8%) 26,751
Insurance 7,037 6,758 75,254 81,096 (5,842) ( 7.2%) 74,372
Utilities 1,546 1,020 15,866 15,405 461  3.0% 14,838
Memberships, Training and Travel 0 0 6,086 2,625 3,461  131.9% 3,917
Fuel and Oil 986 476 18,046 13,146 4,900  37.3% 14,467
Taxes and Permits 6,735 6,409 76,817 80,358 (3,541) ( 4.4%) 74,275
Professional Services 9,187 200 56,844 72,400 (15,556) ( 21.5%) 71,865
Postage 0 5 183 60 123  205.2% 120
Other 0 10 2,903 1,320 1,583  119.9% 2,375
Total Operating Expenses 74,025 30,402 561,606 588,136 (26,530) ( 4.5%) 466,116
Pre-Depreciation Gross (51,100) (9,377) (289,558) (330,536) 40,978 ( 12.4%) (209,365)
Depreciation 5,167 3,559 58,547 41,898 16,649  39.7% 46,060
Net Income / Cost of Operations (56,267) (12,936) (348,105) (372,434) 24,329 ( 6.5%) (255,425)