Finance and Administration Division

Bella Vista Village Property Owners Association
Finance & Administrations Division 90
For the Twelve Months Ending December 31, 2007
After Audit Numbers

December 2007 December 2007   YTD   YTD YTD     PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET   Actual   Budget Variance   Variance % ACTUAL
Income                    
Assessments 645,119 694,648   8,506,022   8,320,688 185,334    2.2% 8,567,257
Facility Use Fees 5,164 9,889   310,281   395,745 (85,464)   ( 21.6%) 322,433
Interest on Investments 41,929 20,000   365,862   240,000 125,862    52.4% 437,831
Lot Sales 0 0   131,743   0 131,743     906,165
Transfer Fees 42,286 28,150   456,524   340,000 116,524    34.3% 847,756
Other 17,707 23,308   115,902   167,140 (51,238)   ( 30.7%) 204,214
Total Income 752,204 775,995   9,886,334   9,463,573 422,761    4.5% 11,285,656
                   
Foreclosed Lots 0 0   0   0 0     64,384
Total Cost of Goods 0 0   0   0 0     64,384
                   
Gross Profit 752,204 775,995   9,886,334   9,463,573 422,761    4.5% 11,221,272
                   
Expenses                    
Salary and Wages 160,703 117,627   1,509,668   1,461,770 47,898    3.3% 1,373,634
Employee Benefits 18,967 38,454   409,194   469,710 (60,516)   ( 12.9%) 393,776
Maintenance and Repairs 5,290 885   12,940   16,020 (3,080)   ( 19.2%) 9,932
Supplies (19,915) 6,708   131,157   206,641 (75,484)   ( 36.5%) 242,742
Outside Contracts 3,114 16,710   267,217   272,827 (5,610)   ( 2.1%) 302,766
Contract Sanitation Service 0 10   0   120 (120)   ( 100.0%) 0
Insurance 5,479 4,926   53,506   59,112 (5,606)   ( 9.5%) 68,115
Utilities 4,229 7,092   77,985   79,536 (1,551)   ( 1.9%) 76,400
Memberships, Training and Travel 1,152 1,255   34,676   49,514 (14,838)   ( 30.0%) 25,842
Fuel and Oil 548 301   4,614   3,749 865    23.1% 3,790
Taxes and Permits 1,302 1,224   8,271   15,058 (6,787)   ( 45.1%) 14,921
Professional Services (142,279) 13,254   145,653   168,768 (23,115)   ( 13.7%) 356,318
Board Functions 111 250   7,017   33,350 (26,333)   ( 79.0%) 112,661
Postage 20,474 2,880   73,397   122,351 (48,954)   ( 40.0%) 71,648
Interest Expense & Credit Card Fees 456 10,464   42,209   137,474 (95,265)   ( 69.3%) 56,728
Other 35,664 (47,304)   (687,434)   (625,696) (61,738)    9.9% (531,002)
Total Operating Expenses 95,294 174,736   2,090,070   2,470,304 (380,234)   ( 15.4%) 2,578,269
                   
Pre-Depreciation Gross 656,910 601,259   7,796,264   6,993,269 802,995    11.5% 8,643,003
                   
Depreciation 27,465 8,067   153,503   87,874 65,629    74.7% 112,843
                   
Net Income / Cost of Operations 629,445 593,192   7,642,761   6,905,395 737,366    10.7% 8,530,160