Finance and Administration Division

Bella Vista Village Property Owners Association
Finance & Administrations Division
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 167,439 133,780 2,035,897 1,600,026 435,871  27.2% 2,019,070
City of Bella Vista 5,064 5,196 60,226 62,352 (2,126) ( 3.4%) 29,517
Facility Use Fees (14,502) (13,798) 98,990 99,853 (863) ( 0.9%) 41,455
Interest on Investments 46,944 22,000 325,980 264,000 61,980  23.5% 391,029
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 86,406 15,404 278,746 147,443 131,303  89.1% 197,207
Total Income 337,076 209,332 3,363,521 2,606,674 756,847  29.0% 3,093,197
             
Printing 3,123 0 11,213 0 11,213   0
Total Cost of Goods 3,123 0 11,213 0 11,213   0
             
Gross Profit 333,953 209,332 3,352,308 2,606,674 745,634  28.6% 3,093,197
             
Expenses              
Salary and Wages 138,334 137,758 1,794,338 1,776,305 18,033  1.0% 1,708,365
Employee Benefits 10,300 40,595 383,243 518,475 (135,232) ( 26.1%) 484,324
Maintenance and Repairs 2,787 644 9,494 15,234 (5,740) ( 37.7%) 12,187
Supplies 69,739 15,635 263,538 241,912 21,626  8.9% 311,997
Outside Contracts 37,361 20,318 289,373 296,289 (6,916) ( 2.3%) 254,056
Insurance 4,071 3,580 41,664 45,837 (4,173) ( 9.1%) 55,412
Utilities 10,367 8,333 110,060 117,381 (7,321) ( 6.2%) 91,133
Memberships, Training and Travel 10,402 3,426 47,964 86,869 (38,905) ( 44.8%) 71,389
Fuel and Oil 460 753 4,531 7,646 (3,115) ( 40.7%) 6,331
Taxes and Permits 3,502 1,732 49,348 22,034 27,314  124.0% 21,766
Professional Services (12,423) 10,538 18,192 182,540 (164,348) ( 90.0%) 196,412
Membership Elections 0 0 11,873 30,000 (18,127) ( 60.4%) 10,620
Postage 3,772 19,603 77,919 147,967 (70,048) ( 47.3%) 101,966
Credit Card Fees & Interest Expense 4,898 3,705 55,519 61,605 (6,086) ( 9.9%) 45,618
Other 44,034 (39,434) 209,588 (447,609) 657,197 ( 146.8%) (334,526)
Total Operating Expenses 327,604 227,186 3,366,645 3,102,485 264,160  8.5% 3,037,050
             
Allocations – PW 14,409 14,409 173,051 173,051 0   140,392
Allocations – F & A (74,319) (74,319) (892,862) (892,862) 0   (798,303)
Total Allocations (59,910) (59,910) (719,811) (719,811) 0   (657,911)
             
Pre Depreciation Gross 66,259 42,056 705,475 224,000 481,475  214.9% 714,058
             
Depreciation 31,634 20,439 194,430 243,348 (48,918) ( 20.1%) 188,060
             
Net Income / Cost of Operations 34,625 21,617 511,044 (19,348) 530,392 (2 741.3%) 525,998