Clubs Division

Bella Vista – Property Owners Association
Clubs Division
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 58,130 58,130 697,637 697,637 0   784,512
RV Park 58 0 263 0 263   0
Other 1,600 2,900 25,363 33,900 (8,537) ( 25.2%) 34,309
Total Income 59,788 61,030 723,263 731,537 (8,274) ( 1.1%) 818,821
             
Gross Profit 59,788 61,030 723,263 731,537 (8,274) ( 1.1%) 818,821
             
Expenses              
Salary and Wages 2,272 1,510 12,734 13,090 (356) ( 2.7%) 11,495
Employee Benefits 260 360 1,497 3,974 (2,477) ( 62.3%) 1,075
Maintenance and Repairs 12,834 1,029 56,394 57,266 (872) ( 1.5%) 34,116
Supplies 39,649 1,333 64,898 58,934 5,964  10.1% 47,382
Outside Contracts 2,751 1,080 26,528 27,576 (1,048) ( 3.8%) 19,063
Insurance 3,115 3,307 37,987 39,739 (1,752) ( 4.4%) 38,492
Utilities 10,482 5,931 85,719 84,455 1,264  1.5% 82,371
Memberships, Training and Travel 102 0 791 0 791   466
Taxes and Permits (879) 2,514 29,714 30,768 (1,054) ( 3.4%) 33,851
Professional Services 0 0 4,000 0 4,000   0
Credit Card Fees & Interest Expense 0 0 100 0 100   200
Other 44 0 21,822 0 21,822   789
Total Operating Expenses 70,629 17,064 342,184 315,802 26,382  8.4% 269,300
             
Allocations – MAC 29,696 29,696 356,363 356,363 0   379,144
Allocations – F & A 3,977 3,977 47,823 47,823 0   45,138
Total Allocations 33,673 33,673 404,186 404,186 0   424,282
             
Pre Depreciation Gross (44,514) 10,293 (23,107) 11,549 (34,656) ( 300.1%) 125,239
             
Depreciation 27,524 26,975 288,666 322,959 (34,293) ( 10.6%) 371,010
             
Net Income / Cost of Operations (72,038) (16,682) (311,773) (311,410) (363)  0.1% (245,772)