Finance and Administration Division

  Bella Vista Village Property Owners Association  
  Finance & Administrations Division  
  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 122,570 94,094 1,766,927 1,841,955 (75,028) 1,841,955 2,016,736
City of Bella Vista 5,824 5,220 70,034 62,640 7,394 62,640 70,108
Facility Use Fees 17,728 1,932 125,512 92,397 33,115 92,397 78,169
Interest on Investments 5,363 8,500 67,372 102,000 (34,628) 102,000 102,928
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 19,311 9,265 195,138 87,910 107,228 87,910 118,400
Total Income 249,035 149,662 2,697,553 2,560,903 136,650 2,560,903 2,711,538
             
Gross Profit 249,035 149,662 2,697,553 2,560,903 136,650 2,560,903 2,711,538
             
Expenses              
Salary and Wages 140,196 132,974 1,757,764 1,735,014 22,750 1,735,014 1,825,607
Employee Benefits 29,752 38,698 526,011 506,504 19,507 506,504 508,142
Maintenance and Repairs 1,480 342 6,387 6,379 8 6,379 19,001
Supplies 33,281 16,327 137,961 118,321 19,640 118,321 148,691
Outside Contracts 27,949 26,413 282,432 302,902 (20,471) 302,902 279,076
Insurance 3,691 3,806 44,214 46,165 (1,952) 46,165 43,048
Utilities 9,859 10,185 113,951 123,474 (9,523) 123,474 133,360
Memberships, Training and Travel 4,851 3,115 38,882 46,549 (7,667) 46,549 43,685
Fuel and Oil 485 674 6,136 6,357 (221) 6,357 5,263
Taxes and Permits 63,985 2,884 147,779 35,462 112,317 35,462 46,402
Professional Services 23,218 11,777 172,623 228,424 (55,801) 228,424 100,610
Membership Elections 0 0 21,270 20,400 870 20,400 29,460
Postage 16,476 24,155 87,491 105,716 (18,225) 105,716 87,675
Credit Card Fees & Interest Expense 3,974 4,755 55,115 59,710 (4,595) 59,710 52,571
Other 111,665 36,625 538,632 405,904 132,728 405,904 (49,170)
Total Operating Expenses 470,861 312,730 3,936,648 3,747,282 189,366 3,747,282 3,273,421
             
Allocations – MAC 10,920 10,920 141,660 141,660 0 141,660 125,047
Allocations – F & A (122,488) (122,488) (1,526,721) (1,526,721) 0 (1,526,721) (936,140)
Total Allocations (111,568) (111,568) (1,385,061) (1,385,062) 0 (1,385,062) (811,093)
             
Pre Depreciation Gross (110,258) (51,500) 145,966 198,682 (52,716) 198,682 249,209
             
Depreciation 15,262 18,499 184,916 208,677 (23,761) 208,677 185,302
             
Net Income / Cost of Operations (125,520) (69,999) (38,950) (9,995) (28,955) (9,995) 63,908