Recreation Division

Bella Vista – Property Owners Association
Recreation 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 135,926 135,926 1,631,376 1,631,376 0   1,821,417
Food and Beverage 762 1,500 8,747 7,850 897  11.4% 8,373
Other Recreation 2,057 3,657 50,394 57,670 (7,276) ( 12.6%) 54,019
RV Park 4,522 11,084 196,785 222,215 (25,430) ( 11.4%) 200,240
Facility Use Fees 23,543 19,544 392,721 371,474 21,247  5.7% 391,005
Other 2,343 935 56,469 29,244 27,225  93.1% 45,956
Total Income 169,154 172,646 2,336,493 2,319,829 16,664  0.7% 2,521,010
             
Food and Beverage 231 700 3,019 3,500 (481) ( 13.7%) 2,460
Gun Range 2,006 1,554 19,614 19,062 552  2.9% 22,631
Total Cost of Goods 2,237 2,254 22,634 22,562 72  0.3% 25,091
             
Gross Profit 166,917 170,392 2,313,859 2,297,267 16,592  0.7% 2,495,918
             
Expenses              
Salary and Wages 61,325 42,573 515,045 474,092 40,953  8.6% 493,897
Employee Benefits 6,483 7,889 106,185 97,452 8,733  9.0% 83,970
Maintenance and Repairs 9,484 3,597 250,059 154,245 95,814  62.1% 125,991
Supplies 6,457 5,641 168,352 174,032 (5,680) ( 3.3%) 191,152
Outside Contracts 6,722 7,604 98,307 124,974 (26,667) ( 21.3%) 96,904
Insurance 2,407 2,437 26,971 29,567 (2,596) ( 8.8%) 30,361
Utilities 17,537 19,817 184,015 227,165 (43,150) ( 19.0%) 202,008
Memberships, Training and Travel 96 110 2,899 5,428 (2,529) ( 46.6%) 3,053
Fuel and Oil 211 168 3,662 4,326 (664) ( 15.4%) 2,197
Taxes and Permits 2,536 1,037 15,942 12,870 3,072  23.9% 16,577
Professional Services 0 0 0 15,000 (15,000) ( 100.0%) 0
Postage 25 0 303 124 179  144.3% 360
Credit Card Fees & Interest Expense 89 200 3,656 3,260 396  12.1% 3,672
Other 3,498 4,200 35,862 41,420 (5,558) ( 13.4%) 38,920
Total Operating Expenses 116,867 95,273 1,411,257 1,363,955 47,302  3.5% 1,289,064
             
Allocations – MAC 46,650 46,650 559,954 559,954 0   581,327
Allocations – F & A 15,049 15,049 181,325 181,325 0   147,400
Total Allocations 61,699 61,699 741,279 741,279 0   728,727
             
Pre Depreciation Gross (11,650) 13,420 161,324 192,033 (30,709) ( 16.0%) 478,128
             
Depreciation 23,155 22,130 203,116 256,698 (53,582) ( 20.9%) 246,726
             
Net Income / Cost of Operations (34,805) (8,710) (41,792) (64,665) 22,873 ( 35.4%) 231,401