BALANCE SHEET - PWHOA (04/30/04) |
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ASSETS: |
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Operating Assets - General |
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Checking-Bank Atlantic |
4,858.94 |
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Savings - Bank Atlantic |
75,676.52 |
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Checking - Union Bank |
127,077.80 |
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Money Market - SouthTrust |
3,634.75 |
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Total Operating Assets - General |
211,248.01 |
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Operating Assets - Cable |
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Cable Account - Washington Mutual |
23,264.16 |
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Cable Account - Regent Bank |
3,693.66 |
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Total Operating Assets - Cable |
26,957.82 |
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Other Assets |
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Accounts Receivable |
6,958.75 |
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Bulk Cable Receivables |
2,080.25 |
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Prepaid Insurance |
5,672.41 |
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Total Other Assets |
14,711.41 |
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TOTAL ASSETS |
$252,917.24 |
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LIABILITIES & EQUITY: |
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Operating Liabilities |
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Accounts Payable |
2,015.12 |
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Prepaid Assessments |
821.71 |
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Prepaid Cable Assessment |
867.99 |
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Deferred Revenue |
186,666.64 |
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Deferred Cable Income |
30,595.80 |
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Total Operating Liabilities |
220,967.26 |
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Members Equity |
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Members Equity |
37,532.41 |
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Current Year Earnings |
-5,582.43 |
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Total Members Equity |
31,949.98 |
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TOTAL LIABILITIES & EQUITY |
$252,917.24 |
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HOMEOWNERS EQUITY: |
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Total Members Equity |
31,949.98 |
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Less Cable Adjustment |
-2,425.72 |
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TOTAL HOMEOWNERS EQUITY |
$34,375.70 |
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BUDGET COMPARISON - PWHOA (04/30/04) |
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MTD |
MTD |
YTD |
YTD |
Annual |
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Actual |
Budget |
Actual |
Budget |
Budget |
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INCOME: |
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Homeowner Assessment |
23,333.33 |
23,333.33 |
93,333.36 |
93,333.33 |
280,000.00 |
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Interest Income |
52.51 |
166.67 |
159.67 |
666.67 |
2,000.00 |
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Bulk Cable Assessment |
15,297.92 |
16,018.75 |
61,191.68 |
64,075.00 |
192,225.00 |
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HO Dock Ins. Premium |
0.00 |
45.83 |
0.00 |
183.33 |
550.00 |
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Newsletter Advertising |
533.00 |
320.83 |
1,787.00 |
1,283.33 |
3,850.00 |
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Golf Tournament Income |
0.00 |
625.00 |
0.00 |
2,500.00 |
7,500.00 |
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Miscellaneous Income |
0.00 |
0.00 |
2,540.00 |
0.00 |
0.00 |
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TOTAL INCOME |
39,216.76 |
40,510.42 |
159,011.71 |
162,041.67 |
486,125.00 |
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EXPENSES: |
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Maintenance & Common Area Expense: |
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Irrigation Maint/Upgrade |
475.75 |
833.33 |
3,212.94 |
3,333.33 |
10,000.00 |
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Landscape Replacements |
150.00 |
550.00 |
13,324.00 |
2,200.00 |
6,600.00 |
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Lawn/Landscaping/Tree Trim |
3,250.00 |
4,250.00 |
14,909.00 |
17,000.00 |
51,000.00 |
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Lake & Dock Maintenance |
150.00 |
150.00 |
600.00 |
600.00 |
1,800.00 |
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Playground Maintenance |
100.00 |
375.00 |
400.00 |
1,500.00 |
4,500.00 |
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Pressure Cleaning |
0.00 |
166.67 |
2,750.00 |
666.67 |
2,000.00 |
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Security |
7,618.40 |
8,250.00 |
32,437.03 |
33,000.00 |
99,000.00 |
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Miscellaneous General Maintenance |
131.25 |
100.00 |
541.83 |
400.00 |
1,200.00 |
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Street Signs |
73.02 |
250.00 |
461.68 |
1,000.00 |
3,000.00 |
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Improvements - Golf Proceeds |
0.00 |
375.00 |
0.00 |
1,500.00 |
4,500.00 |
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Cable TV |
15,903.31 |
16,018.75 |
62,232.79 |
64,075.00 |
192,225.00 |
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Utilities - Electric |
2,105.42 |
2,250.00 |
7,664.80 |
9,000.00 |
27,000.00 |
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Total Maint. & Com. Area Expense |
29,957.15 |
33,568.75 |
138,534.07 |
134,275.00 |
402,825.00 |
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Administrative Expense: |
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Accounting Fees |
0.00 |
125.00 |
0.00 |
500.00 |
1,500.00 |
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Insurance |
1,626.26 |
1,700.00 |
6,505.04 |
6,800.00 |
20,400.00 |
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Legal |
0.00 |
666.67 |
4,598.65 |
2,666.67 |
8,000.00 |
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Office Supplies |
163.02 |
500.00 |
762.27 |
2,000.00 |
6,000.00 |
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Postage/Other |
174.07 |
300.00 |
809.89 |
1,200.00 |
3,600.00 |
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Holiday Lights |
0.00 |
8.33 |
24.37 |
33.33 |
100.00 |
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Meeting Room Fees |
0.00 |
8.33 |
80.00 |
33.33 |
100.00 |
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Newsletter Printing Expense |
369.71 |
400.00 |
1,573.60 |
1,600.00 |
4,800.00 |
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Management Fees |
2,900.00 |
2,900.00 |
11,600.00 |
11,600.00 |
34,800.00 |
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Golf Tournament Expenses |
0.00 |
250.00 |
0.00 |
1,000.00 |
3,000.00 |
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Website Management Fees |
0.00 |
75.00 |
45.00 |
300.00 |
900.00 |
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Taxes-Licenses-Permits |
0.00 |
8.33 |
61.25 |
33.33 |
100.00 |
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Total Administrative Expense |
5,233.06 |
6,941.67 |
26,060.07 |
27,766.67 |
83,300.00 |
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TOTAL EXPENSE |
35,190.21 |
40,510.42 |
164,594.14 |
162,041.67 |
486,125.00 |
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NET INCOME/(LOSS) |
4,026.55 |
0.00 |
-5,582.43 |
0.00 |
0.00 |
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