Water Division 2008

  Bella Vista Village Property Owners Association
Water Department 68
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
City of Bella Vista 3,322 4,104 20,030 49,259 (29,230) ( 59.3%) 0
Water 456,640 555,389 6,577,728 7,177,485 (599,757) ( 8.4%) 7,228,331
Restricted Revenue 195 300 4,112 3,600 512  14.2% 8,485
Other 42,356 47,400 545,889 532,450 13,439  2.5% 736,608
Total Income 502,512 607,193 7,147,758 7,762,794 (615,036) ( 7.9%) 7,973,424
Water 175,313 152,034 1,863,837 2,011,605 (147,768) ( 7.3%) 1,810,431
Total Cost of Goods 175,313 152,034 1,863,837 2,011,605 (147,768) ( 7.3%) 1,810,431
Gross Profit 327,199 455,159 5,283,922 5,751,189 (467,267) ( 8.1%) 6,162,993
Expenses
Salary and Wages 54,923 65,643 837,411 852,945 (15,534) ( 1.8%) 758,252
Employee Benefits 25,638 21,511 202,357 275,525 (73,168) ( 26.6%) 194,603
Maintenance and Repairs 154,717 23,475 334,841 474,520 (139,679) ( 29.4%) 295,717
Supplies 140,305 34,775 652,891 711,652 (58,761) ( 8.3%) 166,167
Outside Contracts 8,479 10,711 100,003 129,662 (29,659) ( 22.9%) 108,817
Insurance 9,313 11,933 152,704 143,196 9,508  6.6% 177,019
Utilities 7,136 7,595 79,531 93,800 (14,269) ( 15.2%) 75,817
Memberships, Training and Travel 3,630 200 8,284 11,843 (3,559) ( 30.1%) 5,493
Fuel and Oil 3,695 5,270 76,629 62,470 14,159  22.7% 58,214
Taxes and Permits 6,238 3,900 49,834 51,960 (2,126) ( 4.1%) 50,923
Professional Services 3,075 3,600 24,800 37,600 (12,800) ( 34.0%) 50,206
Postage 4,281 6,626 60,581 78,805 (18,224) ( 23.1%) 73,369
Interest Expense & Credit Card Fees 20,289 15,875 86,023 189,200 (103,177) ( 54.5%) 102,703
Other (16,326) 72,037 731,915 862,403 (130,488) ( 15.1%) 756,506
Total Operating Expenses 425,393 283,151 3,397,803 3,975,581 (577,778) ( 14.5%) 2,873,807
Pre-Depreciation Gross (98,194) 172,008 1,886,119 1,775,608 110,511  6.2% 3,289,186
Depreciation 90,501 75,710 871,251 893,142 (21,891) ( 2.5%) 797,685
Audit – Accounting Change (30,158) 0 (30,158) 0 (30,158) 0
Net Income / Cost of Operations (158,537) 96,298 1,045,025 882,466 162,559  18.4% 2,491,501