Finance and Administration Division

 Bella Vista Village Property Owners Association
Finance & Administrations Division
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 242,889 234,550 2,019,070 1,951,637 67,433  3.5% 8,506,022
City of Bella Vista 4,896 5,509 29,517 32,827 (3,310) ( 10.1%) 0
Facility Use Fees (851) 2,235 41,455 89,173 (47,718) ( 53.5%) 310,281
Interest on Investments 68,468 25,000 391,029 319,243 71,786  22.5% 365,862
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 32,909 17,506 197,207 200,594 (3,387) ( 1.7%) 115,902
Total Income 420,792 327,800 3,093,197 2,965,895 127,302  4.3% 9,886,334
             
             
Gross Profit 420,792 327,800 3,093,197 2,965,895 127,302  4.3% 9,886,334
             
Expenses              
Salary and Wages 132,454 133,067 1,708,365 1,708,968 (603) ( 0.0%) 1,509,668
Employee Benefits 77,598 40,119 484,324 514,314 (29,990) ( 5.8%) 409,194
Maintenance and Repairs 3,583 670 12,187 14,821 (2,634) ( 17.8%) 12,940
Supplies 82,984 16,637 311,997 309,123 2,874  0.9% 131,157
Outside Contracts 21,716 15,968 254,056 283,789 (29,733) ( 10.5%) 267,217
Insurance 3,548 3,490 55,412 43,871 11,541  26.3% 53,506
Utilities 42,692 10,319 91,331 104,962 (13,631) ( 13.2%) 77,985
Memberships, Training and Travel 30,502 2,525 71,389 97,234 (25,845) ( 26.6%) 34,676
Fuel and Oil 382 474 6,331 7,356 (1,025) ( 13.9%) 4,614
Taxes and Permits 2,494 1,739 21,766 21,630 136  0.6% 8,271
Professional Services 84,767 18,047 196,412 256,467 (60,055) ( 23.4%) 145,653
Board Functions 2,000 250 39,181 32,669 6,512  19.9% 7,017
Postage 18,416 27,280 101,966 118,724 (16,758) ( 14.1%) 73,397
Interest Expense & Credit Card Fees 2,419 5,155 45,618 55,580 (9,962) ( 17.9%) 42,209
Other 12,936 (47,440) (363,086) (404,458) 41,372 ( 10.2%) (687,434)
Total Operating Expenses 518,491 228,300 3,037,248 3,165,050 (127,802) ( 4.0%) 2,090,070
             
Pre-Depreciation Gross (97,700) 99,500 55,949 (199,155) 255,104 ( 128.2%) 7,796,264
             
Depreciation 15,135 22,589 188,060 266,988 (78,928) ( 29.6%) 153,503
             
Allocations – PW 11,703 11,703 140,392 140,392 0   0
Allocations – F & A (66,407) (66,407) (798,303) (798,303) 0   0
Total Allocations (54,704) (54,704) (657,911) (657,911) 0   0
             
Audit – Accounting Change (77,260) 0 (77,260) 0 (77,260)   0
             
Net Income / Cost of Operations 19,129 131,615 603,058 191,768 411,290  214.6% 7,642,761