Water Division 2010

Bella Vista – Property Owners Association
Water 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
City of Bella Vista 3,513 3,345 42,109 40,140 1,969  4.9% 40,053
Water 504,521 529,395 7,179,225 7,609,510 (430,285) ( 5.7%) 6,902,186
Restricted Revenue 2,813 0 24,359 0 24,359 873
Other 77,708 22,320 555,687 279,000 276,687  99.2% 456,683
Total Income 588,555 555,060 7,801,381 7,928,650 (127,269) ( 1.6%) 7,399,796
Water 144,576 141,020 1,799,345 2,027,738 (228,393) ( 11.3%) 1,773,441
Total Cost of Goods 144,576 141,020 1,799,345 2,027,738 (228,393) ( 11.3%) 1,773,441
Gross Profit 443,979 414,040 6,002,036 5,900,912 101,124  1.7% 5,626,355
Expenses
Salary and Wages 101,448 97,282 843,849 851,594 (7,745) ( 0.9%) 760,703
Employee Benefits 10,269 24,191 232,908 264,755 (31,847) ( 12.0%) 148,703
Maintenance and Repairs 18,910 26,039 198,276 318,355 (120,079) ( 37.7%) 432,675
Supplies 86,753 21,030 592,016 602,920 (10,904) ( 1.8%) 530,171
Outside Contracts 6,765 10,010 101,021 123,816 (22,795) ( 18.4%) 92,724
Insurance 10,797 13,017 135,522 157,239 (21,717) ( 13.8%) 142,864
Utilities 8,140 8,193 69,196 73,029 (3,833) ( 5.2%) 68,175
Memberships, Training and Travel 446 100 7,362 11,150 (3,788) ( 34.0%) 4,554
Fuel and Oil 5,352 4,652 56,500 59,139 (2,639) ( 4.5%) 46,345
Taxes and Permits 22,814 7,355 84,506 84,767 (261) ( 0.3%) 66,308
Professional Services 4,743 3,600 34,396 37,600 (3,204) ( 8.5%) 49,034
Postage 3,956 6,712 53,786 80,240 (26,454) ( 33.0%) 57,160
Credit Card Fees & Interest Expense (318,353) 27,826 43,482 334,820 (291,338) ( 87.0%) 90,785
Other 70,777 72,540 762,671 868,162 (105,491) ( 12.2%) 785,313
Total Operating Expenses 32,816 322,547 3,215,491 3,867,586 (652,095) ( 16.9%) 3,275,514
Pre Depreciation Gross 411,162 91,493 2,786,545 2,033,326 753,219  37.0% 2,350,842
Depreciation 78,899 129,278 939,969 1,473,744 (533,775) ( 36.2%) 1,005,330
Net Income / Cost of Operations 332,264 (37,785) 1,846,576 559,582 1,286,994  230.0% 1,345,512