Lakes Division

Bella Vista – Property Owners Association
Lakes 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 89,229 89,229 950,359 950,359 0   1,228,145
Other Recreation 85 0 8,544 8,930 (386) ( 4.3%) 10,315
Facility Use Fees 7,073 7,073 84,854 84,854 0   84,854
Boat 54 1,729 341,178 361,600 (20,422) ( 5.6%) 337,235
Other 0 0 543 0 543   23,612
Total Income 96,441 98,031 1,385,478 1,405,743 (20,265) ( 1.4%) 1,684,161
             
Gross Profit 96,441 98,031 1,385,478 1,405,743 (20,265) ( 1.4%) 1,684,161
             
Expenses              
Salary and Wages 36,159 26,563 309,968 298,381 11,587  3.9% 280,418
Employee Benefits 2,344 5,016 58,722 61,507 (2,785) ( 4.5%) 54,109
Maintenance and Repairs 34,219 480 118,227 142,470 (24,243) ( 17.0%) 61,096
Supplies 49,474 3,375 143,249 131,220 12,029  9.2% 98,671
Outside Contracts 2,529 1,246 78,838 66,212 12,626  19.1% 79,803
Insurance 7,654 6,600 83,571 79,581 3,990  5.0% 74,699
Utilities 2,875 2,780 27,393 24,765 2,628  10.6% 26,213
Memberships, Training and Travel 0 0 3,353 6,575 (3,222) ( 49.0%) 2,843
Fuel and Oil 2,816 1,876 37,472 28,919 8,553  29.6% 28,145
Taxes and Permits 8,641 6,943 99,308 90,100 9,208  10.2% 81,130
Professional Services 0 0 48,931 59,000 (10,069) ( 17.1%) 30,692
Postage 54 0 747 0 747   910
Credit Card Fees & Interest Expense 64 0 3,698 0 3,698   764
Other (437) 0 3,469 5,770 (2,301) ( 39.9%) 3,722
Total Operating Expenses 146,392 54,879 1,016,945 994,500 22,445  2.3% 823,214
             
Allocations – MAC 37,826 37,826 282,441 282,441 0   420,163
Allocations – F & A 5,809 5,809 54,302 54,302 0   40,383
Total Allocations 43,635 43,635 336,743 336,743 0   460,546
             
Pre Depreciation Gross (93,586) (483) 31,789 74,500 (42,711) ( 57.3%) 400,401
             
Depreciation 11,608 8,740 119,463 109,476 9,987  9.1% 105,943
             
Net Income / Cost of Operations (105,194) (9,223) (87,674) (34,976) (52,698)  150.7% 294,457