2014

Sat, September 26, 2015 |

         


 

Bella Vista Village POA  
Dated 02/20/14
           
2012 2013 2013 2014 14 Budget to Change
Description Actual Budget Unaudited Budget 13 Actual Percent
           
Income            
Assessments 8,452,162 8,494,800 8,730,375 8,600,000 (130,375) (1.5%)
City of Bella Vista 417,589 0 76,381 69,420 (6,961) ( 9.1%)
Food and Beverage 6,357 5,500 3,784 5,200 1,416  37.4%
Golf 4,334,120 4,111,098 3,732,106 4,171,095 438,989  11.8%
Pro Shop 532,461 480,001 517,486 500,012 (17,474) ( 3.4%)
Other Recreation 71,757 59,215 67,104 66,110 (994) ( 1.5%)
RV Park 168,468 174,215 157,796 182,715 24,919  15.8%
Facility Use Fees 714,147 679,720 654,349 692,935 38,586  5.9%
Boat 346,666 351,470 323,148 352,085 28,937  9.0%
Interest on Investments 67,372 69,600 76,195 72,000 (4,195) ( 5.5%)
Water 0 0 0 0 0  0.0%
Sanitation Services 28,327 0 24,213 24,300 87  0.4%
Restricted Revenue 0 0 0 0 0  0.0%
Stump Dump 14,605 19,050 20,955 0 (20,955) ( 100.0%)
Lot Sales 211,639 162,000 125,363 152,000 26,637  21.2%
Transfer Fees 260,930 276,000 335,722 360,000 24,278  7.2%
Other 533,737 433,520 556,325 455,655 (100,670) ( 18.1%)
Total Income 16,160,337 15,316,189 15,401,301 15,703,527 302,226  2.0%
           
           
Food and Beverage 1,995 1,992 1,359 1,750 391  28.8%
Water 0 0 0 0 0  0.0%
Pro Shop 404,150 345,601 396,763 350,012 (46,751) ( 11.8%)
Gun Range 28,697 26,400 29,059 27,000 (2,059) ( 7.1%)
Total Cost of Goods 434,842 373,993 427,181 378,762 (48,419) ( 11.3%)
           
Gross Profit 15,725,495 14,942,196 14,974,121 15,324,765 350,644  2.3%
           
Expenses            
Salary and Wages 6,662,742 6,852,760 6,408,619 6,644,822 236,202  3.7%
Employee Benefits 1,891,854 1,904,216 1,652,766 1,750,000 97,234  5.9%
Maintenance and Repairs 907,850 677,301 1,041,290 731,097 (310,193) ( 29.8%)
Supplies 1,143,924 1,085,482 1,082,353 974,410 (107,943) ( 10.0%)
Outside Contracts 1,428,201 1,463,903 1,395,087 1,474,506 79,419  5.7%
Contract Sanitation Service 21,844 0 18,280 18,540 260  1.4%
Insurance 421,217 415,925 376,548 400,335 23,786  6.3%
Utilities 903,477 966,153 884,608 902,891 18,283  2.1%
Memberships, Training and Travel 75,423 100,475 71,748 90,820 19,072  26.6%
Fuel and Oil 338,630 337,047 273,705 309,930 36,226  13.2%
Taxes and Permits 635,296 368,732 450,422 366,571 (83,851) ( 18.6%)
Professional Services 295,115 216,334 174,183 206,185 32,002  18.4%
Membership Elections 21,270 22,500 20,082 22,500 2,418  12.0%
Postage 88,726 105,731 85,201 83,358 (1,843) ( 2.2%)
Credit Card Fees & Interest Expense 127,177 108,150 114,120 135,437 21,317  18.7%
Other 705,367 702,674 575,513 648,659 73,146  12.7%
Total Operating Expenses 15,668,110 15,327,382 14,624,525 14,760,060 135,535  0.9%
           
Allocations – MAC (177,729) (185,295) (185,296) (238,704) (53,407) ( 28.8%)
Allocations – F & A (687,327) (755,100) (755,100) (689,158) 65,942  8.7%
Total Allocations (865,056) (940,395) (940,396) (927,862) 12,534  
           
Pre Depreciation Gross 922,440 555,209 1,289,992 1,492,566 202,575  15.7%
           
Depreciation 1,684,148 1,662,040 1,631,316 1,567,216 (64,100) ( 3.9%)
           
Net Income / Cost of Operations (761,707) (1,106,831) (341,324) (74,650) 266,674  78.1%
Simple Cash Flow            
Add: Depreciation 1,684,148 1,662,040 1,631,316 1,567,216 (64,100) (3.9%)
Subtract: Capital Projects (775,115) (978,000) (217,705) (471,400) (253,695) (116.5%)
Add: From Reserves 125,511 821,000 460,494 7,500 (452,994) (98.4%)
Add: Funds for Carry Over Expenses 105,817 0 0 0 0 0.0%
Subtract: Carry Over Capital Projects (804,424) (173,973) (29,891) (896,423) (866,532) (2,899.0%)
Add: Reserves for Carry Over Capital 804,424 173,973 29,891 896,423 866,532 2,899.0%
Add: Financing 0 0 0 0 0 0.0%
Subtract: Debt Service 0 0 0 0 0 0.0%
           
Simple Cash Flow 378,653 398,209 1,532,781 1,028,666 (504,114) (32.9%)