Bella Vista Village

Bella Vista Village POA
Bella Vista Village POA Consolidated
For the Twelve Months Ending December 31, 2008
After Audit Numbers

December 2008 December 2008 YTD YTD YTD PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income
Assessments 706,611 698,272 8,453,353 8,385,920 67,433  0.8% 8,506,022
City of Bella Vista 96,193 79,574 290,550 416,089 (125,539) ( 30.2%) 0
Food and Beverage 1,874 2,000 6,673 9,827 (3,154) ( 32.1%) 9,044
Golf 74,076 81,304 4,093,656 3,991,558 102,098  2.6% 4,237,989
Pro Shop 31,764 42,165 502,083 458,347 43,736  9.5% 483,078
Other Recreation 1,176 2,500 54,546 66,472 (11,926) ( 17.9%) 55,863
RV Park 6,889 10,108 214,362 221,600 (7,238) ( 3.3%) 207,126
Facility Use Fees 18,047 17,198 595,368 588,589 6,779  1.2% 559,901
Boat 267 3,823 270,304 247,450 22,854  9.2% 266,562
Interest on Investments 68,468 25,000 391,029 319,243 71,786  22.5% 365,862
Water 456,640 555,389 6,577,728 7,177,485 (599,757) ( 8.4%) 7,228,331
Sanitation Services 2,018 0 964,726 785,485 179,241  22.8% 1,857,849
Restricted Revenue 195 300 4,112 3,600 512  14.2% 8,485
Stump Dump 5,500 13,200 82,450 67,100 15,350  22.9% 160,820
Lot Sales 52,129 18,000 165,586 102,421 63,165  61.7% 131,743
Transfer Fees 20,352 25,000 249,333 270,000 (20,667) ( 7.7%) 456,524
Other 100,386 89,150 1,033,842 995,307 38,535  3.9% 2,063,424
Total Income 1,642,585 1,662,983 23,949,702 24,106,493 (156,791) ( 0.7%) 26,598,622
Food and Beverage 490 700 1,520 3,370 (1,850) ( 54.9%) 2,427
Water 175,313 152,034 1,863,837 2,011,605 (147,768) ( 7.3%) 1,810,431
Pro Shop 40,040 31,852 362,554 334,454 28,100  8.4% 353,583
Other Recreation 0 1,300 20,367 16,900 3,467  20.5% 15,518
Total Cost of Goods 215,843 185,886 2,248,277 2,366,329 (118,052) ( 5.0%) 2,181,959
Gross Profit 1,426,741 1,477,097 21,701,425 21,740,164 (38,739) ( 0.2%) 24,416,664
Expenses
Salary and Wages 432,571 507,395 7,432,428 7,535,193 (102,765) ( 1.4%) 8,278,837
Employee Benefits 262,868 159,723 1,889,587 2,138,015 (248,428) ( 11.6%) 2,303,799
Maintenance and Repairs 271,657 46,990 1,142,594 1,105,756 36,838  3.3% 906,333
Supplies 373,716 81,367 2,411,577 2,360,151 51,426  2.2% 1,333,824
Outside Contracts 156,728 93,356 1,429,381 1,479,008 (49,627) ( 3.4%) 1,518,513
Contract Sanitation Service 1,653 0 731,798 595,629 136,169  22.9% 1,355,802
Insurance 26,126 51,666 666,854 625,680 41,174  6.6% 946,148
Utilities 78,286 70,340 816,855 873,875 (57,020) ( 6.5%) 951,946
Memberships, Training and Travel 35,605 3,010 110,891 158,690 (47,799) ( 30.1%) 74,652
Fuel and Oil 19,602 23,226 441,185 381,767 59,418  15.6% 393,444
Taxes and Permits 28,275 28,097 370,722 359,263 11,459  3.2% 351,833
Professional Services 105,311 25,347 297,590 368,579 (70,989) ( 19.3%) 245,668
Board Functions 2,000 250 39,181 32,669 6,512  19.9% 7,017
Postage 22,782 33,986 164,674 199,769 (35,095) ( 17.6%) 148,920
Interest Expense & Credit Card Fees 24,738 22,884 195,897 304,893 (108,996) ( 35.7%) 209,335
Other (8,089) 19,519 331,119 412,933 (81,814) ( 19.8%) 267,279
Total Operating Expenses 1,833,827 1,167,156 18,472,331 18,931,870 (459,538) ( 2.4%) 19,293,351
Pre-Depreciation Gross (407,086) 309,941 3,229,094 2,808,294 420,799  15.0% 5,123,313
Depreciation 206,383 228,218 2,289,838 2,674,321 (384,483) ( 14.4%) 2,354,022
Audit – Accounting Change (277,349) 0 (277,349) 0 (277,349) 0
Income before Extraordinary (336,120) 81,723 1,216,602 133,973 1,082,631  808.1% 2,769,290
ASSET TRANSFER TO CITY 0 0 0 0 0 809,836
Net Income / Cost of Operations (336,120) 81,723 1,216,602 133,973 1,082,631  808.1% 1,959,454

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