Summary Income Statement w/o Water


Bella Vista Village POA Income Statement Without
Water
 
December 2009 Year-To-Date Compared To Budget
             
      YTD   YTD   Variance
      Actual   Budget   To Budget
Income            
  Assessments    8,628,967   8,193,096   435,871
  City of Bella Vista   1,139,913   1,111,761   28,152
  Food and Beverage   8,373   6,700   1,673
  Golf   4,401,366   4,449,665   (48,299)
  Pro Shop   440,190   502,052   (61,862)
  Other Recreation   62,843   66,430   (3,587)
  RV Park   200,240   252,055   (51,815)
  Facility Use Fees   659,703   621,258   38,445
  Boat   320,249   384,362   (64,113)
  Interest on Investments   325,980   264,000   61,980
  Sanitation Services   29,365   0   29,365
  Stump Dump   55,245   79,375   (24,130)
  Lot Sales   156,784   88,000   68,784
  Transfer Fees   406,999   345,000   61,999
  Other   529,518   324,954   204,564
             
  Total Income   17,365,735   16,688,708   677,027
             
               
  Food and Beverage   2,460   3,500   (1,040)
  Pro Shop   331,932   372,252   (40,320)
  Printing   11,213   0   11,213
  Foreclosed Lots   0   0   0
  Gun Range   22,631   16,900   5,731
              
  Total Cost of Goods   368,236   392,652   (24,416)
             
Gross Profit   16,997,499   16,296,056   701,443
             
Expense            
  Salary and Wages   6,714,193   6,917,263   (203,070)
  Employee Benefits   1,343,078   1,867,222   (524,144)
  Maintenance and Repairs   1,057,314   776,203   281,111
  Supplies   1,795,402   1,746,344   49,058
  Outside Contracts   1,291,552   1,310,332   (18,780)
  Contract Sanitation Service   22,127   0   22,127
  Insurance   405,052   424,867   (19,815)
  Utilities   763,932   837,548   (73,616)
  Memberships, Training and Travel   84,516   134,675   (50,159)
  Fuel and Oil   237,848   346,327   (108,479)
  Taxes and Permits   332,823   310,291   22,532
  Professional Services   91,667   248,690   (157,023)
  Board Functions   11,873   30,000   (18,127)
  Postage   79,431   150,500   (71,069)
  Interest Expense & CC Charges   123,505   125,268   (1,763)
  Other   73,173   (549,962)   623,135
             
  Total Expense   14,427,486   14,675,568   (248,082)
             
Pre-Depreciation Gross   2,570,013   1,620,488   949,525
             
  Depreciation   1,622,585   1,645,893   (23,308)
               
  Income before Extraordinary Item   947,428   (25,405)   972,833
               
  Transfer Assets to City of Bella Vista   0   0   0
               
             
Income / (Cost) of Operations   947,428   (25,405)   972,833
             
  Simple Cash Flow            
  Add Depreciation   1,622,585   1,645,893   (23,308)
  Add: Assets Transferred To City   0   0   0
  Subtract Capital Projects   (1,579,065)   (2,273,506)   694,441
  Add: Reserves Carry Over Capital   313,155   628,718   (315,563)
  Add: Reserves Carry Over Expenses   13,300   0   13,300
  Add: Reserves for Other Projects   0   0   0
  Subtract Debt Service   0   0   0
  Simple Cash Flow   1,317,403   (24,300)   1,341,703