Water Division 2011

Bella Vista – Property Owners Association
Water 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
City of Bella Vista 3,508 3,345 42,281 40,140 2,141  5.3% 42,109
Water 475,615 531,665 7,009,443 7,600,822 (591,379) ( 7.8%) 7,179,225
Restricted Revenue 1,912 0 20,043 0 20,043 24,359
Other 39,834 27,870 488,629 334,440 154,189  46.1% 555,687
Total Income 520,870 562,880 7,560,396 7,975,402 (415,007) ( 5.2%) 7,801,381
Water 132,952 149,434 2,005,589 2,135,127 (129,538) ( 6.1%) 1,799,345
Total Cost of Goods 132,952 149,434 2,005,589 2,135,127 (129,538) ( 6.1%) 1,799,345
Gross Profit 387,918 413,446 5,554,806 5,840,275 (285,469) ( 4.9%) 6,002,036
Expenses
Salary and Wages 98,893 101,506 870,916 881,118 (10,202) ( 1.2%) 843,849
Employee Benefits 1,881 26,979 237,778 291,808 (54,030) ( 18.5%) 232,908
Maintenance and Repairs 64,473 22,325 283,922 299,080 (15,158) ( 5.1%) 198,276
Supplies 20,808 19,445 295,662 378,515 (82,853) ( 21.9%) 592,016
Outside Contracts 13,922 9,647 111,147 124,784 (13,637) ( 10.9%) 101,021
Insurance 10,349 10,217 120,434 123,383 (2,949) ( 2.4%) 135,522
Utilities 8,238 8,493 81,483 76,244 5,239  6.9% 69,196
Memberships, Training and Travel 900 50 3,939 11,050 (7,111) ( 64.4%) 7,362
Fuel and Oil 4,733 5,841 72,176 62,187 9,989  16.1% 56,500
Taxes and Permits 11,261 6,865 105,932 85,465 20,467  23.9% 84,506
Professional Services 3,956 0 3,956 36,000 (32,044) ( 89.0%) 34,396
Postage 3,968 5,000 50,365 60,000 (9,635) ( 16.1%) 53,786
Credit Card Fees & Interest Expense (127,916) 30,705 54,244 368,460 (314,216) ( 85.3%) 43,482
Other (33,123) 69,300 709,668 839,600 (129,932) ( 15.5%) 762,671
Total Operating Expenses 82,342 316,373 3,001,621 3,637,694 (636,073) ( 17.5%) 3,215,491
Pre Depreciation Gross 305,576 97,073 2,553,185 2,202,581 350,604  15.9% 2,786,545
Depreciation 85,465 113,068 979,391 1,385,310 (405,919) ( 29.3%) 939,969
Net Income / Cost of Operations 220,110 (15,995) 1,573,794 817,271 756,523  92.6% 1,846,576