Finance and Administration Division

Bella Vista – Property Owners Association
Finance & Administrations 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 163,741 171,553 1,971,790 2,038,867 (67,077) ( 3.3%) 2,035,897
City of Bella Vista 5,826 5,196 69,856 62,352 7,504  12.0% 60,226
Facility Use Fees (14,519) (14,465) 85,326 97,853 (12,527) ( 12.8%) 98,990
Interest on Investments 10,771 24,380 168,856 292,560 (123,704) ( 42.3%) 325,980
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 15,026 13,839 105,410 126,330 (20,920) ( 16.6%) 278,746
Total Income 202,963 229,859 2,761,343 2,979,062 (217,719) ( 7.3%) 3,363,521
             
Printing 0 0 (27) 0 (27)   11,213
Total Cost of Goods 0 0 (27) 0 (27)   11,213
             
Gross Profit 202,963 229,859 2,761,371 2,979,062 (217,691) ( 7.3%) 3,352,308
             
Expenses              
Salary and Wages 202,140 197,449 1,739,231 1,734,814 4,417  0.3% 1,794,338
Employee Benefits 23,311 42,083 529,151 449,549 79,602  17.7% 383,243
Maintenance and Repairs 112 806 18,159 16,944 1,215  7.2% 9,494
Supplies 26,494 21,898 139,712 199,566 (59,854) ( 30.0%) 263,538
Outside Contracts 29,218 25,100 306,405 332,822 (26,417) ( 7.9%) 289,373
Insurance 3,734 3,747 38,932 45,169 (6,237) ( 13.8%) 41,664
Utilities 11,494 10,069 119,790 122,460 (2,670) ( 2.2%) 110,060
Memberships, Training and Travel 6,529 2,386 39,932 70,399 (30,467) ( 43.3%) 47,964
Fuel and Oil 291 479 4,049 5,948 (1,899) ( 31.9%) 4,531
Taxes and Permits 1,252 1,675 35,918 21,133 14,785  70.0% 49,348
Professional Services 8,393 13,795 194,083 184,620 9,463  5.1% 18,192
Membership Elections 0 0 71,522 100,000 (28,478) ( 28.5%) 11,873
Postage 18,087 25,778 106,518 154,361 (47,843) ( 31.0%) 77,919
Credit Card Fees & Interest Expense 3,845 4,972 50,485 75,456 (24,971) ( 33.1%) 55,519
Other 53,775 (1,405) (304,866) 19,168 (324,034) (1 690.5%) 209,588
Total Operating Expenses 388,673 348,832 3,089,021 3,532,409 (443,388) ( 12.6%) 3,366,645
             
Allocations – MAC 7,842 7,842 93,939 93,939 0   173,051
Allocations – F & A (72,450) (72,450) (870,731) (870,731) 0   (892,862)
Total Allocations (64,608) (64,608) (776,792) (776,792) 0   (719,811)
             
Pre Depreciation Gross (121,102) (54,365) 449,142 223,445 225,697  101.0% 705,475
             
Depreciation 15,112 16,378 166,740 188,873 (22,133) ( 11.7%) 194,430
             
Net Income / Cost of Operations (136,215) (70,743) 282,402 34,572 247,830  716.9% 511,044