Lakes Division

Bella Vista Village Property Owners Association
Lakes 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 113,792 113,792 1,005,730 1,005,730 0 1,005,730 827,806
Other Recreation 37 0 10,016 0 10,016 0 9,617
Facility Use Fees 1,653 1,653 76,744 76,744 0 76,744 77,399
Boat 77 1,090 323,148 351,470 (28,322) 351,470 346,666
Other 9,275 0 9,956 0 9,956 0 12,596
Total Income 124,833 116,535 1,425,594 1,433,944 (8,350) 1,433,944 1,274,084
             
Gross Profit 124,833 116,535 1,425,594 1,433,944 (8,350) 1,433,944 1,274,084
             
Expenses              
Salary and Wages 21,590 21,453 311,674 312,834 (1,159) 312,834 306,549
Employee Benefits 2,056 4,603 63,072 66,933 (3,861) 66,933 64,237
Maintenance and Repairs 6,785 100 56,427 19,150 37,277 19,150 69,203
Supplies 25,923 3,381 55,553 83,160 (27,607) 83,160 139,192
Outside Contracts 4,597 2,116 52,822 62,692 (9,870) 62,692 57,026
Insurance 4,597 7,170 59,154 86,040 (26,886) 86,040 80,504
Utilities 3,019 2,384 30,549 22,265 8,284 22,265 25,293
Memberships, Training and Travel 1,298 0 4,085 4,600 (515) 4,600 2,896
Fuel and Oil (22) 2,547 29,219 39,994 (10,775) 39,994 35,525
Taxes and Permits 7,920 6,730 86,370 80,760 5,610 80,760 162,632
Professional Services 0 0 27,010 27,010 0 27,010 53,588
Postage 0 0 199 0 199 0 538
Credit Card Fees & Interest Expense 0 0 2,469 0 2,469 0 3,112
Other 901 0 3,676 3,200 476 3,200 13,553
Total Operating Expenses 78,665 50,484 782,279 808,638 (26,359) 808,638 1,013,848
             
Allocations – MAC 31,946 31,946 375,604 375,604 0 375,604 348,494
Allocations – F & A 34,104 34,104 249,703 249,703 0 249,703 48,966
Total Allocations 66,050 66,050 625,306 625,306 0 625,306 397,460
             
Pre Depreciation Gross (19,882) 0 18,009 (0) 18,009 (0) (137,224)
             
Depreciation 10,018 10,018 120,218 120,216 2 120,216 124,653
             
Net Income / Cost of Operations (29,900) (10,018) (102,209) (120,216) 18,007 (120,216) (261,876)