Bella Vista Village

Bella Vista – Property Owners Association
Bella Vista Village POA Consolidated
For the Twelve Months Ending December 31, 2011
After Audit
             
December 2011 December 2011 YTD YTD YTD   PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income              
Assessments 686,139 708,000 8,492,015 8,496,000 (3,985) ( 0.0%) 8,464,907
City of Bella Vista 104,309 104,638 1,252,199 1,255,656 (3,457) ( 0.3%) 1,218,614
Food and Beverage 1,293 1,000 4,265 7,900 (3,635) ( 46.0%) 8,747
Golf 105,281 131,804 3,976,310 4,248,110 (271,800) ( 6.4%) 4,118,142
Pro Shop 44,407 13,978 475,851 436,785 39,066  8.9% 433,520
Other Recreation 3,443 3,888 60,568 67,636 (7,068) ( 10.5%) 60,709
RV Park 6,407 7,841 192,113 226,735 (34,622) ( 15.3%) 197,048
Facility Use Fees 28,399 20,555 646,214 658,359 (12,145) ( 1.8%) 647,755
Boat 54 1,729 341,178 361,600 (20,422) ( 5.6%) 337,235
Interest on Investments 6,662 12,000 102,928 144,000 (41,072) ( 28.5%) 168,856
Water 475,615 531,665 7,009,443 7,600,822 (591,379) ( 7.8%) 7,179,225
Sanitation Services 2,353 2,600 27,955 31,200 (3,245) ( 10.4%) 29,664
Restricted Revenue 1,912 0 20,043 0 20,043   24,359
Stump Dump 1,905 3,810 15,875 38,100 (22,225) ( 58.3%) 36,830
Lot Sales 489 2,100 87,564 85,200 2,364  2.8% 112,809
Transfer Fees 12,819 22,040 237,633 264,480 (26,847) ( 10.2%) 247,296
Other 67,350 45,419 900,915 586,636 314,279  53.6% 908,615
Total Income 1,548,836 1,613,067 23,843,069 24,509,219 (666,150) ( 2.7%) 24,194,332
             
Food and Beverage 701 470 1,957 3,713 (1,756) ( 47.3%) 3,019
Water 132,952 149,434 2,005,589 2,135,127 (129,538) ( 6.1%) 1,799,345
Pro Shop 47,331 9,628 351,183 300,484 50,699  16.9% 307,515
Printing 0 0 0 0 0   (27)
Gun Range 1,851 0 24,485 22,000 2,485  11.3% 19,614
Total Cost of Goods 182,835 159,532 2,383,214 2,461,324 (78,110) ( 3.2%) 2,129,467
             
Gross Profit 1,366,001 1,453,535 21,459,855 22,047,895 (588,040) ( 2.7%) 22,064,865
             
Expenses              
Salary and Wages 794,179 797,005 7,832,320 7,836,936 (4,616) ( 0.1%) 7,641,511
Employee Benefits 14,560 196,855 2,048,672 2,203,401 (154,729) ( 7.0%) 2,075,057
Maintenance and Repairs 198,446 61,580 1,433,272 1,637,684 (204,412) ( 12.5%) 1,216,660
Supplies 174,442 90,579 1,917,057 2,000,709 (83,652) ( 4.2%) 2,141,377
Outside Contracts 138,355 118,849 1,509,344 1,522,561 (13,217) ( 0.9%) 1,495,972
Contract Sanitation Service 1,799 1,800 21,985 21,600 385  1.8% 21,451
Insurance 49,943 44,293 541,047 536,219 4,828  0.9% 520,712
Utilities 88,009 91,427 969,251 980,878 (11,627) ( 1.2%) 825,340
Memberships, Training and Travel 14,813 4,358 80,698 110,869 (30,171) ( 27.2%) 77,205
Fuel and Oil 22,226 24,251 430,291 358,882 71,409  19.9% 357,053
Taxes and Permits 40,478 30,296 479,994 408,743 71,251  17.4% 393,636
Professional Services 15,187 16,571 158,325 317,152 (158,827) ( 50.1%) 268,571
Membership Elections 0 0 29,460 40,400 (10,940) ( 27.1%) 71,522
Postage 25,755 29,632 139,975 186,852 (46,877) ( 25.1%) 163,148
Credit Card Fees & Interest Expense (122,432) 38,403 175,292 508,577 (333,285) ( 65.5%) 161,751
Other (37,553) 36,359 543,763 601,754 (57,991) ( 9.6%) 364,360
Total Operating Expenses 1,418,206 1,582,258 18,310,749 19,273,217 (962,468) ( 5.0%) 17,795,327
             
Pre Depreciation Gross (52,205) (128,723) 3,149,106 2,774,678 374,428  13.5% 4,269,538
             
Depreciation 231,315 245,688 2,584,811 2,984,151 (399,340) ( 13.4%) 2,406,946
             
Net Income / Cost of Operations (283,520) (374,411) 564,296 (209,473) 773,768 ( 369.4%) 1,862,592