Bella Vista Village

  Bella Vista Village Property Owners Association  
  Bella Vista Village POA Consolidated  
  For the Twelve Months Ending December 31, 2012 After Audit  
             
December 2012 December 2012 YTD YTD YTD 12 Month PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Total Budget ACTUAL
Income              
Assessments 739,296 710,720 8,453,362 8,527,190 (73,828) 8,527,190 8,492,015
City of Bella Vista 9,890 9,320 459,819 420,705 39,114 420,705 1,252,199
Food and Beverage 675 900 6,357 4,360 1,997 4,360 4,265
Golf 115,045 88,778 4,334,120 3,914,101 420,019 3,914,101 3,976,310
Pro Shop 40,878 14,077 532,461 442,887 89,574 442,887 475,851
Other Recreation 3,307 4,000 71,757 64,930 6,827 64,930 60,568
RV Park 5,313 0 168,468 165,212 3,256 165,212 154,245
Facility Use Fees 44,609 16,584 714,147 664,492 49,655 664,492 684,082
Boat (3,476) 1,090 346,666 351,470 (4,804) 351,470 341,178
Interest on Investments 5,363 8,500 67,372 102,000 (34,628) 102,000 102,928
Water 484,360 494,177 7,386,774 7,098,938 287,836 7,098,938 7,009,443
Sanitation Services 2,425 2,700 28,327 32,400 (4,073) 32,400 27,955
Restricted Revenue 711 0 5,640 0 5,640 0 20,043
Stump Dump 635 635 14,605 19,050 (4,445) 19,050 15,875
Lot Sales 47,215 2,000 211,639 84,000 127,639 84,000 87,564
Transfer Fees 31,024 28,652 260,930 290,000 (29,070) 290,000 237,633
Other 20,025 55,571 1,058,793 755,411 303,382 755,411 900,915
Total Income 1,547,296 1,437,704 24,121,237 22,937,146 1,184,091 22,937,146 23,843,069
             
Food and Beverage 204 165 1,995 1,980 15 1,980 1,957
Water 145,225 145,235 1,943,335 2,079,768 (136,433) 2,079,768 2,005,589
Pro Shop 47,688 9,628 404,150 300,484 103,666 300,484 351,183
Gun Range 1,863 1,500 28,697 26,586 2,111 26,586 24,485
Total Cost of Goods 194,980 156,528 2,378,177 2,408,818 (30,641) 2,408,818 2,383,214
             
Gross Profit 1,352,316 1,281,176 21,743,060 20,528,328 1,214,731 20,528,328 21,459,855
             
Expenses              
Salary and Wages 270,481 530,860 7,507,468 7,675,475 (168,007) 7,675,475 7,832,320
Employee Benefits 82,690 153,417 2,142,724 2,137,819 4,906 2,137,819 2,048,672
Maintenance and Repairs 187,250 53,622 1,215,872 975,222 240,650 975,222 1,433,272
Supplies 208,019 48,692 1,418,620 1,422,753 (4,133) 1,422,753 1,917,057
Outside Contracts 160,620 123,346 1,529,605 1,587,196 (57,591) 1,587,196 1,509,344
Contract Sanitation Service 1,799 1,870 21,844 22,440 (596) 22,440 21,985
Insurance 29,274 47,265 540,880 585,188 (44,308) 585,188 541,047
Utilities 74,510 86,211 989,918 1,009,679 (19,761) 1,009,679 969,251
Memberships, Training and Travel 8,404 3,715 81,319 100,084 (18,765) 100,084 80,698
Fuel and Oil 10,086 21,392 403,957 402,812 1,145 402,812 430,291
Taxes and Permits 394,654 34,860 875,902 448,598 427,304 448,598 479,994
Professional Services 23,218 12,077 298,564 279,229 19,335 279,229 158,325
Membership Elections 0 0 21,270 20,400 870 20,400 29,460
Postage 20,116 29,292 130,060 169,335 (39,275) 169,335 139,975
Credit Card Fees & Interest Expense (120,201) 37,434 165,996 301,565 (135,569) 301,565 175,292
Other 60,020 41,650 658,086 578,738 79,348 578,738 543,763
Total Operating Expenses 1,410,937 1,225,702 18,002,085 17,716,534 285,551 17,716,534 18,310,749
             
Allocations – MAC 0 0 0 (0) 0 (0) 0
Allocations – F & A (0) (0) (0) (0) (0) (0) 0
Total Allocations 0 (0) (0) (0) 0 (0) 0
             
Pre Depreciation Gross (58,621) 55,474 3,740,975 2,811,795 929,180 2,811,795 3,149,106
             
Depreciation 230,268 231,827 2,687,274 2,794,538 (107,264) 2,794,538 2,584,811
             
Net Income / Cost of Operations (288,889) (176,353) 1,053,701 17,257 1,036,444 17,257 564,295