Clubs Division

Bella Vista – Property Owners Association
Clubs Division
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 73,554 73,554 828,101 828,101 0   697,637
RV Park 0 0 55 0 55   263
Other 500 2,150 17,363 23,500 (6,137) ( 26.1%) 25,363
Total Income 74,054 75,704 845,519 851,601 (6,082) ( 0.7%) 723,263
             
Gross Profit 74,054 75,704 845,519 851,601 (6,082) ( 0.7%) 723,263
             
Expenses              
Salary and Wages (413) 1,259 11,075 11,379 (304) ( 2.7%) 12,734
Employee Benefits 3 458 1,601 4,495 (2,894) ( 64.4%) 1,497
Maintenance and Repairs 5,078 4,550 32,672 61,800 (29,128) ( 47.1%) 56,394
Supplies 16,479 735 45,889 36,820 9,069  24.6% 64,898
Outside Contracts 2,948 2,029 29,095 30,371 (1,276) ( 4.2%) 26,528
Insurance 3,024 3,126 36,946 37,530 (584) ( 1.6%) 37,987
Utilities 10,635 10,100 109,768 116,210 (6,442) ( 5.5%) 85,719
Memberships, Training and Travel 161 75 779 900 (121) ( 13.5%) 791
Taxes and Permits 2,575 2,505 34,514 30,320 4,194  13.8% 29,714
Professional Services 0 0 0 0 0   4,000
Credit Card Fees & Interest Expense 0 0 0 0 0   100
Other 1,127 0 1,365 0 1,365   21,822
Total Operating Expenses 41,617 24,837 303,705 329,825 (26,120) ( 7.9%) 342,184
             
Allocations – MAC 44,081 44,081 356,642 356,642 0   356,363
Allocations – F & A 6,801 6,801 62,265 62,265 0   47,823
Total Allocations 50,882 50,882 418,907 418,907 0   404,186
             
Pre Depreciation Gross (18,445) (15) 122,907 102,869 20,038  19.5% (23,107)
             
Depreciation 25,851 26,773 301,950 314,929 (12,979) ( 4.1%) 288,666
             
Net Income / Cost of Operations (44,296) (26,788) (179,043) (212,060) 33,017 ( 15.6%) (311,773)