Bella Vista Village

Bella Vista Village Property Owners Association
Bella Vista Village POA Consolidated
For the Twelve Months Ending December 31, 2009
After Audit Numbers
             
December 2009 December 2009 YTD YTD YTD   PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income              
Assessments 716,867 683,208 8,628,967 8,193,096 435,871  5.3% 8,453,353
City of Bella Vista 96,376 95,979 1,179,966 1,151,781 28,185  2.4% 290,550
Food and Beverage 1,105 1,000 8,373 6,700 1,673  25.0% 6,673
Golf 50,881 91,111 4,401,366 4,449,665 (48,299) ( 1.1%) 4,093,656
Pro Shop 39,616 45,888 440,190 502,052 (61,862) ( 12.3%) 502,083
Other Recreation 1,609 2,500 62,843 66,430 (3,587) ( 5.4%) 54,546
RV Park 3,635 11,743 200,240 252,055 (51,815) ( 20.6%) 214,362
Facility Use Fees 22,302 20,015 659,703 621,258 38,445  6.2% 595,368
Boat 39 9,370 320,249 384,362 (64,113) ( 16.7%) 270,304
Interest on Investments 46,944 22,000 325,980 264,000 61,980  23.5% 391,029
Water 498,897 605,794 6,902,186 8,057,244 (1,155,058) ( 14.3%) 6,577,728
Sanitation Services 2,397 0 29,365 0 29,365   964,726
Restricted Revenue 0 225 873 2,700 (1,827) ( 67.7%) 4,112
Stump Dump 5,080 6,985 55,245 79,375 (24,130) ( 30.4%) 82,450
Lot Sales 18,554 18,000 156,784 88,000 68,784  78.2% 165,586
Transfer Fees 27,170 28,750 406,899 345,000 61,899  17.9% 249,333
Other 148,896 85,579 986,301 833,704 152,597  18.3% 1,033,842
Total Income 1,680,370 1,728,147 24,765,530 25,297,422 (531,892) ( 2.1%) 23,949,702
             
Food and Beverage 332 700 2,460 3,500 (1,040) ( 29.7%) 1,520
Water 141,571 152,133 1,773,441 2,052,702 (279,261) ( 13.6%) 1,863,837
Pro Shop 54,242 33,960 331,932 372,252 (40,320) ( 10.8%) 362,554
Printing 3,123 0 11,213 0 11,213   0
Gun Range 1,382 1,300 22,631 16,900 5,731  33.9% 20,367
Total Cost of Goods 200,649 188,093 2,141,676 2,445,354 (303,678) ( 12.4%) 2,248,277
             
Gross Profit 1,479,721 1,540,054 22,623,854 22,852,068 (228,214) ( 1.0%) 21,701,425
             
Expenses              
Salary and Wages 477,655 516,208 7,474,896 7,696,981 (222,085) ( 2.9%) 7,432,428
Employee Benefits 24,750 158,600 1,491,781 2,136,809 (645,028) ( 30.2%) 1,889,587
Maintenance and Repairs 192,421 54,139 1,489,989 1,250,723 239,266  19.1% 1,142,594
Supplies 309,832 78,545 2,325,573 2,188,844 136,729  6.2% 2,411,577
Outside Contracts 140,995 101,761 1,384,276 1,440,226 (55,950) ( 3.9%) 1,429,381
Contract Sanitation Service 1,788 0 22,127 0 22,127   731,798
Insurance 39,930 41,661 547,916 578,064 (30,148) ( 5.2%) 666,854
Utilities 72,171 68,461 832,107 928,378 (96,271) ( 10.4%) 816,657
Memberships, Training and Travel 15,554 5,796 89,070 144,375 (55,305) ( 38.3%) 110,891
Fuel and Oil 14,941 31,464 284,193 418,814 (134,621) ( 32.1%) 441,185
Taxes and Permits 33,622 28,078 399,131 362,203 36,928  10.2% 370,722
Professional Services 5,456 17,010 140,701 286,290 (145,589) ( 50.9%) 297,590
Membership Elections 0 0 11,873 30,000 (18,127) ( 60.4%) 10,620
Postage 8,474 26,306 136,591 229,709 (93,118) ( 40.5%) 164,674
Credit Card Fees & Interest Expense 33,628 21,625 214,290 314,468 (100,178) ( 31.9%) 195,897
Other 42,950 28,437 858,484 360,522 497,962  138.1% 359,680
Total Operating Expenses 1,414,167 1,178,091 17,702,999 18,366,406 (663,407) ( 3.6%) 18,472,134
             
Pre Depreciation Gross 65,554 361,963 4,920,855 4,485,662 435,193  9.7% 3,229,292
             
Depreciation 440,935 225,157 2,627,915 2,662,418 (34,503) ( 1.3%) 2,289,838
             
Net Income / Cost of Operations (375,382) 136,806 2,292,940 1,823,244 469,696  25.8% 939,454