Bella Vista Village

Bella Vista Village Property Owners Association
Bella Vista Village POA Consolidated
For the Twelve Months Ending December 31, 2013
After Audit
             
December
2013
December
2013
YTD YTD YTD 12 Month PREVIOUS
YR
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Total
Budget
ACTUAL
             
Income              
Assessments 713,976 708,000 8,731,575 8,496,000 235,575 8,496,000 8,453,362
City of Bella Vista 9,300 0 118,813 0 118,813 0 459,819
Food and Beverage 120 1,200 3,784 5,500 (1,716) 5,500 6,357
Golf 67,380 108,932 3,732,106 4,111,098 (378,992) 4,111,098 4,334,120
Pro Shop 30,168 15,359 517,486 480,001 37,485 480,001 532,461
Other Recreation 1,519 4,000 67,104 59,215 7,889 59,215 71,757
RV Park 4,494 0 157,796 174,215 (16,419) 174,215 168,468
Facility Use Fees 27,612 28,985 654,349 679,720 (25,371) 679,720 714,147
Boat 77 1,090 323,148 351,470 (28,322) 351,470 346,666
Interest on Investments (73,663) 5,800 (5,462) 69,600 (75,062) 69,600 67,372
Water 542,985 493,038 6,822,907 7,239,588 (416,681) 7,239,588 7,386,774
Sanitation Services 1,835 0 24,213 0 24,213 0 28,327
Restricted Revenue 1,310 0 2,127 0 2,127 0 5,640
Stump Dump 635 635 20,955 19,050 1,905 19,050 14,605
Lot Sales 5,647 8,500 125,363 162,000 (36,637) 162,000 211,639
Transfer Fees 11,232 23,000 335,722 276,000 59,722 276,000 260,930
Other 77,096 55,809 952,626 915,344 37,282 915,344 1,058,793
Total Income 1,421,723 1,454,348 22,584,612 23,038,801 (454,189) 23,038,801 24,121,237
             
Food and Beverage 6 166 1,359 1,992 (633) 1,992 1,995
Water 152,868 138,249 2,009,943 2,085,209 (75,266) 2,085,209 1,943,335
Pro Shop 52,854 11,059 396,763 345,601 51,162 345,601 404,150
Gun Range 778 2,200 29,059 26,400 2,659 26,400 28,697
Total Cost of Goods 206,506 151,674 2,437,124 2,459,202 (22,078) 2,459,202 2,378,177
             
Gross Profit 1,215,217 1,302,674 20,147,487 20,579,599 (432,112) 20,579,599 21,743,060
             
Expenses              
Salary and Wages 135,195 549,740 7,275,501 7,794,447 (518,946) 7,794,447 7,507,468
Employee Benefits (1,487) 158,648 1,884,759 2,154,491 (269,732) 2,154,491 2,142,724
Maintenance and Repairs 120,328 65,903 1,264,176 998,601 265,575 998,601 1,215,872
Supplies 230,902 103,941 1,274,176 1,473,542 (199,366) 1,473,542 1,418,620
Outside Contracts 112,949 117,046 1,506,129 1,577,147 (71,018) 1,577,147 1,529,605
Contract Sanitation Service 1,509 0 18,280 0 18,280 0 21,844
Insurance 39,574 45,346 505,807 544,169 (38,362) 544,169 540,880
Utilities 85,440 92,412 979,929 1,061,063 (81,134) 1,061,063 989,918
Memberships, Training and Travel 14,551 4,247 81,672 114,369 (32,697) 114,369 81,319
Fuel and Oil 10,807 25,175 347,312 419,153 (71,842) 419,153 403,957
Taxes and Permits 63,092 42,825 587,593 505,824 81,769 505,824 875,902
Professional Services 26,151 13,130 195,282 231,334 (36,052) 231,334 298,564
Membership Elections 0 0 20,082 22,500 (2,418) 22,500 21,270
Postage 8,924 31,142 126,757 147,731 (20,974) 147,731 130,060
Credit Card Fees & Interest Expense 48,115 36,336 491,779 464,502 27,277 464,502 165,996
Other (16,590) 55,105 421,953 799,272 (377,319) 799,272 658,084
Total Operating Expenses 879,462 1,340,996 16,981,187 18,308,146 (1,326,958) 18,308,146 18,002,083
             
Allocations – MAC (0) (0) (0) 1 (1) 1 0
Allocations – F & A 0 0 0 0 (0) 0 (0)
Total Allocations 0 0 0 1 (1) 1 (0)
             
Pre Depreciation Gross 335,755 (38,322) 3,166,300 2,271,453 894,847 2,271,453 3,740,977
             
Depreciation 189,927 225,659 2,645,177 2,724,857 (79,680) 2,724,857 2,687,274
             
Net Income / Cost of Operations 145,828 (263,981) 521,123 (453,404) 974,527 (453,404) 1,053,703