Lakes Division

 Bella Vista Village Property Owners Association
Lakes Division
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                    
Other Recreation 107 0   8,958   9,000 (42)   ( 0.5%) 7,544
Boat 36,113 20,790   266,562   252,250 14,312    5.7% 262,284
Other (209) 0   342   0 342     2,220
Total Income 36,011 20,790   275,862   261,250 14,612    5.6% 272,048
                   
Gross Profit 36,011 20,790   275,862   261,250 14,612    5.6% 272,048
                   
Expenses                    
Salary and Wages 12,937 14,451   234,261   260,740 (26,479)   ( 10.2%) 153,292
Employee Benefits 509 3,219   40,086   49,518 (9,432)   ( 19.0%) 27,937
Maintenance and Repairs 1,791 930   24,244   37,560 (13,316)   ( 35.5%) 60,057
Supplies 4,025 320   23,880   61,315 (37,435)   ( 61.1%) 48,001
Outside Contracts 2,122 2,000   45,343   25,600 19,743    77.1% 20,319
Insurance 10,931 7,048   87,931   84,576 3,355    4.0% 75,254
Utilities 1,412 1,058   17,340   15,918 1,422    8.9% 15,866
Memberships, Training and Travel 832 0   4,978   3,425 1,553    45.3% 6,086
Fuel and Oil 1,313 1,020   17,269   15,474 1,795    11.6% 18,046
Taxes and Permits 7,165 6,384   85,311   80,058 5,253    6.6% 76,817
Professional Services 2,967 5,000   43,803   60,000 (16,197)   ( 27.0%) 56,844
Postage 0 5   66   60 6    10.2% 183
Other 84 10   2,557   2,120 437    20.6% 2,903
Total Operating Expenses 46,087 41,445   627,070   696,364 (69,294)   ( 10.0%) 561,606
                   
Pre-Depreciation Gross (10,076) (20,655)   (351,208)   (435,114) 83,906   ( 19.3%) (289,558)
                   
Depreciation 7,853 2,729   73,552   32,748 40,804    124.6% 58,547
                   
Net Income / Cost of Operations (17,929) (23,384)   (424,760)   (467,862) 43,102   ( 9.2%) (348,105)