Lakes Division

  Bella Vista Village Property Owners Association  
  Lakes 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 81,924 81,924 827,806 827,806 (0) 827,806 950,359
Other Recreation 43 0 9,617 8,930 687 8,930 8,544
Facility Use Fees 1,618 1,618 77,399 77,399 0 77,399 84,854
Boat (3,476) 1,090 346,666 351,470 (4,804) 351,470 341,178
Other 8,106 0 12,596 0 12,596 0 543
Total Income 88,214 84,632 1,274,084 1,265,605 8,479 1,265,605 1,385,478
             
Gross Profit 88,214 84,632 1,274,084 1,265,605 8,479 1,265,605 1,385,478
             
Expenses              
Salary and Wages 21,798 19,141 306,549 299,477 7,071 299,477 309,968
Employee Benefits 3,682 4,053 64,237 61,222 3,015 61,222 58,722
Maintenance and Repairs 2,543 490 69,203 49,505 19,698 49,505 118,227
Supplies 49,372 3,145 139,192 60,435 78,757 60,435 143,249
Outside Contracts 2,658 5,416 57,026 89,792 (32,766) 89,792 78,838
Insurance 4,035 7,092 80,504 86,078 (5,574) 86,078 83,571
Utilities 3,043 3,029 25,293 26,320 (1,027) 26,320 27,393
Memberships, Training and Travel 340 0 2,896 4,525 (1,629) 4,525 3,353
Fuel and Oil 2,017 2,352 35,525 36,926 (1,401) 36,926 37,472
Taxes and Permits 75,364 8,061 162,632 96,886 65,746 96,886 99,308
Professional Services 0 0 53,588 42,005 11,583 42,005 48,931
Postage 289 0 538 0 538 0 747
Credit Card Fees & Interest Expense 381 0 3,112 0 3,112 0 3,698
Other 4,316 1,000 13,553 14,714 (1,161) 14,714 3,469
Total Operating Expenses 169,838 53,780 1,013,848 867,885 145,963 867,885 1,016,945
             
Allocations – MAC 26,919 26,919 348,494 348,494 0 348,494 282,441
Allocations – F & A 3,933 3,933 48,966 48,966 0 48,966 54,302
Total Allocations 30,852 30,852 397,460 397,460 0 397,460 336,743
             
Pre Depreciation Gross (112,476) (0) (137,224) 260 (137,484) 260 31,789
             
Depreciation 10,046 10,508 124,653 127,987 (3,334) 127,987 119,463
             
Net Income / Cost of Operations (122,522) (10,508) (261,876) (127,727) (134,149) (127,727) (87,674)