Lakes Division

Bella Vista Village Property Owners Association
Lakes 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 52,814 52,814 857,431 857,431 0   0
Other Recreation 0 0 8,405 8,863 (458) ( 5.2%) 8,958
Facility Use Fees 2,228 2,228 89,206 89,206 0   0
Boat 267 3,823 270,304 247,450 22,854  9.2% 266,562
Other 0 0 732 10,468 (9,736) ( 93.0%) 342
Total Income 55,309 58,865 1,226,078 1,213,418 12,660  1.0% 275,862
             
             
Gross Profit 55,309 58,865 1,226,078 1,213,418 12,660  1.0% 275,862
             
Expenses              
Salary and Wages 16,297 16,854 260,152 262,574 (2,422) ( 0.9%) 234,261
Employee Benefits 4,086 3,873 46,789 55,128 (8,339) ( 15.1%) 40,086
Maintenance and Repairs 783 1,130 30,902 21,382 9,520  44.5% 24,244
Supplies 22,364 3,420 70,579 89,853 (19,274) ( 21.5%) 23,880
Outside Contracts 4,593 1,730 85,731 56,419 29,312  52.0% 45,343
Insurance 4,460 5,929 86,226 72,491 13,735  18.9% 87,931
Utilities 2,095 1,505 20,474 20,262 212  1.0% 17,340
Memberships, Training and Travel 0 0 1,720 7,466 (5,746) ( 77.0%) 4,978
Fuel and Oil 1,259 1,569 26,173 20,102 6,071  30.2% 17,269
Taxes and Permits 6,805 7,669 89,493 93,832 (4,339) ( 4.6%) 85,311
Professional Services 15,838 3,700 52,815 66,712 (13,897) ( 20.8%) 43,803
Postage 2 10 113 100 13  13.1% 66
Other 1,103 10 3,033 2,320 713  30.7% 2,557
Total Operating Expenses 79,686 47,399 774,199 768,641 5,558  0.7% 627,070
             
Pre-Depreciation Gross (24,377) 11,466 451,880 444,777 7,103  1.6% (351,208)
             
Depreciation 5,944 15,104 73,967 176,466 (102,499) ( 58.1%) 73,552
             
Allocations – PW 25,769 25,769 309,184 309,184 0   0
Allocations – F & A 2,264 2,264 27,234 27,234 0   0
Total Allocations 28,033 28,033 336,418 336,418 0   0
             
Audit – Accounting Change (4,485) 0 (4,485) 0 (4,485)   0
             
Net Income / Cost of Operations (53,869) (31,671) 45,979 (68,107) 114,086 ( 167.5%) (424,760)