Recreation Division

Bella Vista – Property Owners Association
Recreation 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 161,225 161,225 1,403,291 1,403,291 0   1,631,376
Food and Beverage 1,293 1,000 4,265 7,900 (3,635) ( 46.0%) 8,747
Other Recreation 3,357 3,888 52,024 58,706 (6,682) ( 11.4%) 50,394
RV Park 6,407 7,841 192,058 226,735 (34,677) ( 15.3%) 196,785
Facility Use Fees 26,818 20,874 398,337 390,798 7,539  1.9% 392,721
Other 2,858 1,100 52,905 32,640 20,265  62.1% 56,469
Total Income 201,959 195,928 2,102,881 2,120,070 (17,190) ( 0.8%) 2,336,493
             
Food and Beverage 701 470 1,957 3,713 (1,756) ( 47.3%) 3,019
Gun Range 1,851 0 24,485 22,000 2,485  11.3% 19,614
Total Cost of Goods 2,553 470 26,441 25,713 728  2.8% 22,634
             
Gross Profit 199,406 195,458 2,076,439 2,094,357 (17,918) ( 0.9%) 2,313,859
             
Expenses              
Salary and Wages 43,254 44,208 521,126 488,781 32,345  6.6% 515,045
Employee Benefits 4,825 9,304 110,182 112,401 (2,219) ( 2.0%) 106,185
Maintenance and Repairs 24,883 2,675 171,074 197,548 (26,474) ( 13.4%) 250,059
Supplies 16,088 4,250 164,189 147,075 17,114  11.6% 168,352
Outside Contracts 7,791 7,337 99,340 111,046 (11,706) ( 10.5%) 98,307
Insurance 2,516 2,269 28,096 27,421 675  2.5% 26,971
Utilities 27,993 20,604 222,222 227,037 (4,815) ( 2.1%) 184,015
Memberships, Training and Travel 921 250 7,741 4,670 3,071  65.8% 2,899
Fuel and Oil 358 165 4,479 3,199 1,280  40.0% 3,662
Taxes and Permits 1,173 1,235 18,603 16,790 1,813  10.8% 15,942
Postage 14 25 210 475 (265) ( 55.9%) 303
Credit Card Fees & Interest Expense 279 220 3,749 3,090 659  21.3% 3,656
Other 5,695 3,575 39,509 50,655 (11,146) ( 22.0%) 35,862
Total Operating Expenses 135,791 96,117 1,390,520 1,390,188 332  0.0% 1,411,257
             
Allocations – MAC 75,702 75,702 568,616 568,616 0   559,954
Allocations – F & A 27,573 27,573 212,053 212,053 0   181,325
Total Allocations 103,275 103,275 780,669 780,669 0   741,279
             
Pre Depreciation Gross (39,660) (3,934) (94,750) (76,500) (18,250)  23.9% 161,324
             
Depreciation 20,015 19,193 217,545 228,833 (11,288) ( 4.9%) 203,116
             
Net Income / Cost of Operations (59,675) (23,127) (312,295) (305,333) (6,962)  2.3% (41,792)