Finance and Administration Division

Bella Vista Village Property Owners Association
Finance & Administrations Division
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 27,665 21,688 1,808,474 1,572,899 235,575 1,572,899 1,766,927
City of Bella Vista 5,208 0 69,682 0 69,682 0 70,034
Facility Use Fees (200) 3,541 73,705 99,758 (26,053) 99,758 125,512
Interest on Investments (73,663) 5,800 (5,462) 69,600 (75,062) 69,600 67,372
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 14,973 7,215 263,324 135,680 127,644 135,680 195,138
Total Income (9,138) 69,744 2,670,807 2,315,937 354,871 2,315,937 2,697,553
             
Gross Profit (9,138) 69,744 2,670,807 2,315,937 354,871 2,315,937 2,697,553
             
Expenses              
Salary and Wages 171,032 140,270 1,819,488 1,818,226 1,262 1,818,226 1,757,764
Employee Benefits 14,018 39,895 485,854 518,880 (33,026) 518,880 526,011
Maintenance and Repairs 17,216 9,500 24,051 16,505 7,546 16,505 6,387
Supplies 60,259 61,732 174,380 123,884 50,496 123,884 137,961
Outside Contracts 18,366 25,974 308,918 334,166 (25,248) 334,166 282,432
Insurance 3,936 3,728 47,924 44,721 3,203 44,721 44,214
Utilities 11,777 11,218 117,408 133,701 (16,293) 133,701 113,951
Memberships, Training and Travel 4,751 3,560 36,638 55,040 (18,402) 55,040 38,882
Fuel and Oil 605 730 7,002 6,888 114 6,888 6,136
Taxes and Permits 9,363 6,126 129,215 67,751 61,464 67,751 147,779
Professional Services 9,229 12,830 135,321 180,524 (45,203) 180,524 172,623
Membership Elections 0 0 20,082 22,500 (2,418) 22,500 21,270
Postage 5,472 27,515 82,674 104,182 (21,508) 104,182 87,491
Credit Card Fees & Interest Expense 4,584 4,650 55,013 58,725 (3,712) 58,725 55,115
Other 70,518 43,370 484,049 537,537 (53,488) 537,537 538,630
Total Operating Expenses 401,127 391,098 3,928,018 4,023,230 (95,213) 4,023,230 3,936,646
             
Allocations – MAC 6,038 6,038 70,462 70,462 0 70,462 141,660
Allocations – F & A (202,277) (202,277) (2,332,967) (2,332,967) (0) (2,332,967) (1,526,721)
Total Allocations (196,238) (196,238) (2,262,505) (2,262,505) (0) (2,262,505) (1,385,061)
             
Pre Depreciation Gross (214,027) (125,116) 1,005,295 555,212 450,083 555,212 145,968
             
Depreciation (14,571) 18,730 153,675 204,643 (50,968) 204,643 184,916
             
Net Income / Cost of Operations (199,456) (143,846) 851,620 350,569 501,051 350,569 (38,948)