Finance and Administration Division

Bella Vista – Property Owners Association
Finance & Administrations 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 (69,255) (47,394) 2,016,736 2,020,721 (3,985) ( 0.2%) 1,971,790
City of Bella Vista 5,820 5,196 70,108 62,352 7,756  12.4% 69,856
Facility Use Fees (12,565) (14,465) 78,169 97,853 (19,684) ( 20.1%) 85,326
Interest on Investments 6,662 12,000 102,928 144,000 (41,072) ( 28.5%) 168,856
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 16,795 8,537 118,400 74,326 44,074  59.3% 105,410
Total Income (39,237) (11,986) 2,711,538 2,748,932 (37,394) ( 1.4%) 2,761,343
             
Printing 0 0 0 0 0   (27)
Total Cost of Goods 0 0 0 0 0   (27)
             
Gross Profit (39,237) (11,986) 2,711,538 2,748,932 (37,394) ( 1.4%) 2,761,371
             
Expenses              
Salary and Wages 245,301 200,156 1,825,607 1,743,608 81,999  4.7% 1,739,231
Employee Benefits 8,950 47,271 508,142 500,707 7,435  1.5% 529,151
Maintenance and Repairs 2,624 913 19,001 13,320 5,681  42.7% 18,159
Supplies 33,730 37,944 148,691 164,633 (15,943) ( 9.7%) 139,712
Outside Contracts 27,020 29,950 279,076 307,558 (28,482) ( 9.3%) 306,405
Insurance 3,874 3,556 43,048 42,787 261  0.6% 38,932
Utilities 12,214 10,759 133,360 130,541 2,819  2.2% 119,790
Memberships, Training and Travel 11,568 3,698 43,685 57,409 (13,724) ( 23.9%) 39,932
Fuel and Oil 320 622 5,263 6,120 (857) ( 14.0%) 4,049
Taxes and Permits 2,755 2,504 46,402 30,016 16,386  54.6% 35,918
Professional Services 11,231 16,321 100,610 209,052 (108,442) ( 51.9%) 194,083
Membership Elections 0 0 29,460 40,400 (10,940) ( 27.1%) 71,522
Postage 21,683 24,519 87,675 123,366 (35,691) ( 28.9%) 106,518
Credit Card Fees & Interest Expense 3,384 5,711 52,571 76,732 (24,161) ( 31.5%) 50,485
Other 8,810 (20,567) (49,170) (186,102) 136,932 ( 73.6%) (304,866)
Total Operating Expenses 393,463 363,357 3,273,421 3,260,147 13,274  0.4% 3,089,021
             
Allocations – MAC 18,978 18,978 125,047 125,047 0   93,939
Allocations – F & A (118,309) (118,309) (936,140) (936,140) 0   (870,731)
Total Allocations (99,331) (99,331) (811,093) (811,093) 0   (776,792)
             
Pre Depreciation Gross (333,369) (276,012) 249,209 299,878 (50,669) ( 16.9%) 449,142
             
Depreciation 16,412 14,141 185,302 176,194 9,108  5.2% 166,740
             
Net Income / Cost of Operations (349,781) (290,153) 63,908 123,684 (59,776) ( 48.3%) 282,402