| BALANCE SHEET - PWHOA (2/28/05) |
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| ASSETS: |
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| Operating Assets - General |
|||||||||||
| Checking-Bank Atlantic |
18,848.78 |
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| Savings - Bank Atlantic |
107,842.04 |
||||||||||
| Checking - Union Bank |
126,469.75 |
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| Money Market - SouthTrust |
3,647.02 |
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| Total Operating Assets - General |
256,807.59 |
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| Operating Assets - Cable |
|||||||||||
| Cable Account - Washington Mutual |
43,585.39 |
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| Cable Account - Regent Bank |
14,374.33 |
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| Total Operating Assets - Cable |
57,959.72 |
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| Other Assets |
|||||||||||
| Accounts Receivable |
41,133.02 |
||||||||||
| Bulk Cable Receivables |
2,752.15 |
||||||||||
| Newsletter Income Due |
0.00 |
||||||||||
| Prepaid Insurance |
6,006.60 |
||||||||||
| Total Other Assets |
49,891.77 |
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| TOTAL ASSETS |
$364,659.08 |
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| LIABILITIES & EQUITY: |
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| Operating Liabilities |
|||||||||||
| Accounts Payable |
5,689.12 |
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| Prepaid Assessments |
671.57 |
||||||||||
| Prepaid Cable Assessment |
372.18 |
||||||||||
| Deferred Revenue |
239,166.70 |
||||||||||
| Deferred Cable Income |
64,073.36 |
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| Total Operating Liabilities |
309,972.93 |
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| Members Equity |
|||||||||||
| Members Equity |
24,010.67 |
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| Current Year Earnings |
30,675.48 |
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| Total Members Equity |
54,686.15 |
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| TOTAL LIABILITIES & EQUITY |
$364,659.08 |
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| HOMEOWNERS EQUITY: |
|||||||||||
| Total Members Equity |
54,686.15 |
||||||||||
| Less Cable Adjustment |
-3,733.67 |
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| TOTAL HOMEOWNERS EQUITY |
$58,419.82 |
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| BUDGET COMPARISON - PWHOA (2/28/05) |
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| MTD |
MTD |
YTD |
YTD |
Annual |
|||||||
| Actual |
Budget |
Actual |
Budget |
Budget |
|||||||
| INCOME: |
|||||||||||
| Homeowner Assessment |
23,916.67 |
23,916.67 |
47,833.30 |
47,833.33 |
287,000.00 |
||||||
| Interest Income |
0.00 |
100.00 |
66.46 |
200.00 |
1,200.00 |
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| Bulk Cable Assessment |
16,018.33 |
19,416.67 |
32,036.66 |
38,833.33 |
233,000.00 |
||||||
| HO Dock Ins. Premium |
100.00 |
62.50 |
100.00 |
125.00 |
750.00 |
||||||
| Newsletter Advertising |
0.00 |
250.00 |
605.00 |
500.00 |
3,000.00 |
||||||
| Golf Tournament Income |
0.00 |
583.33 |
0.00 |
1,166.67 |
7,000.00 |
||||||
| Miscellaneous Income/Special Assessment |
-202.69 |
0.00 |
24,500.00 |
0.00 |
0.00 |
||||||
| TOTAL INCOME |
39,832.31 |
44,329.17 |
105,141.42 |
88,658.33 |
531,950.00 |
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| EXPENSES: |
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| Maintenance & Common Area Expense: |
|||||||||||
| Irrigation Maint/Upgrade |
-410.00 |
833.33 |
516.49 |
1,666.67 |
10,000.00 |
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| Landscape Replacements |
1,725.00 |
722.50 |
1,725.00 |
1,445.00 |
8,670.00 |
||||||
| Lawn Maintenance |
3,350.00 |
2,750.00 |
6,850.00 |
5,500.00 |
33,000.00 |
||||||
| Tree Trimming |
0.00 |
2,083.33 |
3,210.00 |
4,166.67 |
25,000.00 |
||||||
| Lake & Dock Maintenance |
150.00 |
150.00 |
300.00 |
300.00 |
1,800.00 |
||||||
| Playground Maintenance |
100.00 |
100.00 |
200.00 |
200.00 |
1,200.00 |
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| Pressure Cleaning |
0.00 |
237.50 |
0.00 |
475.00 |
2,850.00 |
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| Security - Wackenhut |
7,885.72 |
8,166.67 |
13,742.16 |
16,333.33 |
98,000.00 |
||||||
| Security - PBC Sheriff |
380.00 |
425.00 |
760.00 |
850.00 |
5,100.00 |
||||||
| Miscellaneous General Maintenance |
0.00 |
83.33 |
0.00 |
166.67 |
1,000.00 |
||||||
| Street Signs |
74.42 |
125.00 |
148.84 |
250.00 |
1,500.00 |
||||||
| Improvements - Golf Proceeds |
0.00 |
333.33 |
0.00 |
666.67 |
4,000.00 |
||||||
| Cable TV |
15,604.22 |
19,416.67 |
31,424.91 |
38,833.33 |
233,000.00 |
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| Utilities - Electric |
2,327.05 |
2,291.67 |
4,245.50 |
4,583.33 |
27,500.00 |
||||||
| Total Maint. & Com. Area Expense |
31,186.41 |
37,718.33 |
63,122.90 |
75,436.67 |
452,620.00 |
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| Administrative Expense: |
|||||||||||
| Accounting Fees |
0.00 |
125.00 |
0.00 |
250.00 |
1,500.00 |
||||||
| Insurance |
1,501.65 |
1,708.33 |
3,003.30 |
3,416.67 |
20,500.00 |
||||||
| Legal |
0.00 |
533.33 |
117.04 |
1,066.67 |
6,400.00 |
||||||
| Office Supplies |
217.25 |
375.00 |
1,245.01 |
750.00 |
4,500.00 |
||||||
| Postage/Other |
331.32 |
291.67 |
504.44 |
583.33 |
3,500.00 |
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| Holiday Lights |
0.00 |
8.33 |
0.00 |
16.67 |
100.00 |
||||||
| Meeting Room Fees |
0.00 |
6.67 |
0.00 |
13.33 |
80.00 |
||||||
| Newsletter Printing Expense |
283.50 |
333.33 |
567.00 |
666.67 |
4,000.00 |
||||||
| Management Fees |
2,900.00 |
2,900.00 |
5,800.00 |
5,800.00 |
34,800.00 |
||||||
| Website Management Fees |
45.00 |
25.00 |
45.00 |
50.00 |
300.00 |
||||||
| Taxes-Licenses-Permits |
0.00 |
54.17 |
61.25 |
108.33 |
650.00 |
||||||
| Golf Tournament Expenses |
0.00 |
250.00 |
0.00 |
500.00 |
3,000.00 |
||||||
| Total Administrative Expense |
5,278.72 |
6,610.83 |
11,343.04 |
13,221.67 |
79,330.00 |
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| TOTAL EXPENSE |
36,465.13 |
44,329.17 |
74,465.94 |
88,658.33 |
531,950.00 |
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| NET INCOME/(LOSS) |
3,367.18 |
0.00 |
30,675.48 |
0.00 |
0.00 |
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