Bella Vista Village

Bella Vista – Property Owners Association
Bella Vista Village POA Consolidated
For the Twelve Months Ending December 31, 2010
After Audit
             
December 2010 December 2010 YTD YTD YTD   PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income              
Assessments 703,460 711,272 8,464,907 8,531,984 (67,077) ( 0.8%) 8,628,967
City of Bella Vista 101,560 100,404 1,218,614 1,221,728 (3,114) ( 0.3%) 1,179,966
Food and Beverage 762 1,500 8,747 7,850 897  11.4% 8,373
Golf 77,804 83,308 4,118,142 4,468,698 (350,556) ( 7.8%) 4,401,366
Pro Shop 35,769 36,672 433,520 401,921 31,599  7.9% 440,190
Other Recreation 2,057 3,657 60,709 66,600 (5,891) ( 8.8%) 62,843
RV Park 4,580 11,084 197,048 222,215 (25,167) ( 11.3%) 200,240
Facility Use Fees 23,170 19,225 647,755 639,035 8,720  1.4% 659,703
Boat (53) 2,166 337,235 344,120 (6,885) ( 2.0%) 320,249
Interest on Investments 10,771 24,380 168,856 292,560 (123,704) ( 42.3%) 325,980
Water 504,521 529,395 7,179,225 7,609,510 (430,285) ( 5.7%) 6,902,186
Sanitation Services 2,353 1,817 29,664 21,804 7,860  36.1% 29,365
Restricted Revenue 2,813 0 24,359 0 24,359   873
Stump Dump 635 3,810 36,830 47,625 (10,795) ( 22.7%) 55,245
Lot Sales 725 10,100 112,809 126,200 (13,391) ( 10.6%) 156,784
Transfer Fees 21,392 19,256 247,296 234,900 12,396  5.3% 406,899
Other 77,153 46,156 908,615 579,984 328,631  56.7% 986,301
Total Income 1,569,473 1,604,202 24,194,332 24,816,734 (622,402) ( 2.5%) 24,765,530
             
Food and Beverage 231 700 3,019 3,500 (481) ( 13.7%) 2,460
Water 144,576 141,020 1,799,345 2,027,738 (228,393) ( 11.3%) 1,773,441
Pro Shop 33,991 27,073 307,515 296,360 11,155  3.8% 331,932
Printing 0 0 (27) 0 (27)   11,213
Gun Range 2,006 1,554 19,614 19,062 552  2.9% 22,631
Total Cost of Goods 180,804 170,347 2,129,467 2,346,660 (217,193) ( 9.3%) 2,141,676
             
Gross Profit 1,388,670 1,433,855 22,064,865 22,470,074 (405,209) ( 1.8%) 22,623,854
             
Expenses              
Salary and Wages 695,823 763,044 7,641,511 7,791,531 (150,020) ( 1.9%) 7,474,896
Employee Benefits 70,711 170,497 2,075,057 1,982,657 92,400  4.7% 1,491,781
Maintenance and Repairs 109,745 91,982 1,216,660 1,188,569 28,091  2.4% 1,489,989
Supplies 211,436 105,260 2,141,377 2,405,409 (264,032) ( 11.0%) 2,325,573
Outside Contracts 120,437 118,548 1,495,972 1,579,204 (83,232) ( 5.3%) 1,384,276
Contract Sanitation Service 1,799 1,392 21,451 16,704 4,747  28.4% 22,127
Insurance 47,045 48,598 520,712 589,228 (68,516) ( 11.6%) 547,916
Utilities 78,633 84,591 825,340 909,482 (84,142) ( 9.3%) 832,107
Memberships, Training and Travel 9,851 2,891 77,205 129,207 (52,002) ( 40.2%) 89,070
Fuel and Oil 33,337 22,804 357,053 340,343 16,710  4.9% 284,193
Taxes and Permits 31,086 28,484 393,636 350,913 42,723  12.2% 399,131
Professional Services 44,354 17,395 268,571 303,876 (35,305) ( 11.6%) 140,701
Membership Elections 0 0 71,522 100,000 (28,478) ( 28.5%) 11,873
Postage 22,172 32,580 163,148 236,930 (73,782) ( 31.1%) 136,591
Credit Card Fees & Interest Expense (312,626) 34,750 161,751 473,646 (311,895) ( 65.8%) 214,290
Other 100,811 60,911 364,360 818,190 (453,830) ( 55.5%) 858,484
Total Operating Expenses 1,264,614 1,583,727 17,795,327 19,215,889 (1,420,562) ( 7.4%) 17,702,999
             
Pre Depreciation Gross 124,056 (149,872) 4,269,538 3,254,185 1,015,353  31.2% 4,920,855
             
Depreciation 214,150 272,112 2,406,946 3,140,937 (733,991) ( 23.4%) 2,627,915
             
Net Income / Cost of Operations (90,094) (421,984) 1,862,592 113,248 1,749,344 1 544.7% 2,292,940