| BALANCE SHEET - PWHOA (1/31/05) |
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| ASSETS: |
|||||||||||
| Operating Assets - General |
|||||||||||
| Checking-Bank Atlantic |
18,438.78 |
||||||||||
| Savings - Bank Atlantic |
107,842.04 |
||||||||||
| Checking - Union Bank |
105,229.60 |
||||||||||
| Money Market - SouthTrust |
3,647.02 |
||||||||||
| Total Operating Assets - General |
235,157.44 |
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| Operating Assets - Cable |
|||||||||||
| Cable Account - Washington Mutual |
43,485.39 |
||||||||||
| Cable Account - Regent Bank |
29,978.55 |
||||||||||
| Total Operating Assets - Cable |
73,463.94 |
||||||||||
| Other Assets |
|||||||||||
| Accounts Receivable |
79,774.15 |
||||||||||
| Bulk Cable Receivables |
2,852.15 |
||||||||||
| Newsletter Income Due |
0.00 |
||||||||||
| Prepaid Insurance |
7,508.25 |
||||||||||
| Total Other Assets |
90,134.55 |
||||||||||
| TOTAL ASSETS |
$398,755.93 |
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| LIABILITIES & EQUITY: |
|||||||||||
| Operating Liabilities |
|||||||||||
| Accounts Payable |
3,305.34 |
||||||||||
| Prepaid Assessments |
671.57 |
||||||||||
| Prepaid Cable Assessment |
284.99 |
||||||||||
| Deferred Revenue |
263,083.37 |
||||||||||
| Deferred Cable Income |
80,091.69 |
||||||||||
| Total Operating Liabilities |
347,436.96 |
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| Members Equity |
|||||||||||
| Members Equity |
24,010.67 |
||||||||||
| Current Year Earnings |
27,308.30 |
||||||||||
| Total Members Equity |
51,318.97 |
||||||||||
| TOTAL LIABILITIES & EQUITY |
$398,755.93 |
||||||||||
| HOMEOWNERS EQUITY: |
|||||||||||
| Total Members Equity |
51,318.97 |
||||||||||
| Less Cable Adjustment |
-4,060.59 |
||||||||||
| TOTAL HOMEOWNERS EQUITY |
$55,379.56 |
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| BUDGET COMPARISON - PWHOA (1/31/05) |
||||||||||
| MTD |
MTD |
YTD |
YTD |
Annual |
||||||
| Actual |
Budget |
Actual |
Budget |
Budget |
||||||
| INCOME: |
||||||||||
| Homeowner Assessment |
23,916.63 |
23,916.67 |
23,916.63 |
23,916.67 |
287,000.00 |
|||||
| Interest Income |
66.46 |
100.00 |
66.46 |
100.00 |
1,200.00 |
|||||
| Bulk Cable Assessment |
16,018.33 |
19,416.67 |
16,018.33 |
19,416.67 |
233,000.00 |
|||||
| HO Dock Ins. Premium |
0.00 |
62.50 |
0.00 |
62.50 |
750.00 |
|||||
| Newsletter Advertising |
605.00 |
250.00 |
605.00 |
250.00 |
3,000.00 |
|||||
| Golf Tournament Income |
0.00 |
583.33 |
0.00 |
583.33 |
7,000.00 |
|||||
| Miscellaneous Income/Special Assmt. |
24,702.69 |
0.00 |
24,702.69 |
0.00 |
0.00 |
|||||
| TOTAL INCOME |
65,309.11 |
44,329.17 |
65,309.11 |
44,329.17 |
531,950.00 |
|||||
| EXPENSES: |
||||||||||
| Maintenance & Common Area Expense: |
||||||||||
| Irrigation Maint/Upgrade |
926.49 |
833.33 |
926.49 |
833.33 |
10,000.00 |
|||||
| Landscape Replacements |
0.00 |
722.50 |
0.00 |
722.50 |
8,670.00 |
|||||
| Lawn Maintenance |
3,500.00 |
2,750.00 |
3,500.00 |
2,750.00 |
33,000.00 |
|||||
| Tree Trimming |
3,210.00 |
2,083.33 |
3,210.00 |
2,083.33 |
25,000.00 |
|||||
| Lake & Dock Maintenance |
150.00 |
150.00 |
150.00 |
150.00 |
1,800.00 |
|||||
| Playground Maintenance |
100.00 |
100.00 |
100.00 |
100.00 |
1,200.00 |
|||||
| Pressure Cleaning |
0.00 |
237.50 |
0.00 |
237.50 |
2,850.00 |
|||||
| Security - Wackenhut |
5,856.44 |
8,166.67 |
5,856.44 |
8,166.67 |
98,000.00 |
|||||
| Security - PBC Sheriff |
380.00 |
425.00 |
380.00 |
425.00 |
5,100.00 |
|||||
| Miscellaneous General Maintenance |
0.00 |
83.33 |
0.00 |
83.33 |
1,000.00 |
|||||
| Street Signs |
74.42 |
125.00 |
74.42 |
125.00 |
1,500.00 |
|||||
| Improvements - Golf Proceeds |
0.00 |
333.33 |
0.00 |
333.33 |
4,000.00 |
|||||
| Cable TV |
15,820.69 |
19,416.67 |
15,820.69 |
19,416.67 |
233,000.00 |
|||||
| Utilities - Electric |
1,918.45 |
2,291.67 |
1,918.45 |
2,291.67 |
27,500.00 |
|||||
| Total Maint. & Com. Area Expense |
31,936.49 |
37,718.33 |
31,936.49 |
37,718.33 |
452,620.00 |
|||||
| Administrative Expense: |
||||||||||
| Accounting Fees |
0.00 |
125.00 |
0.00 |
125.00 |
1,500.00 |
|||||
| Insurance |
1,501.65 |
1,708.33 |
1,501.65 |
1,708.33 |
20,500.00 |
|||||
| Legal |
117.04 |
533.33 |
117.04 |
533.33 |
6,400.00 |
|||||
| Office Supplies |
1,027.76 |
375.00 |
1,027.76 |
375.00 |
4,500.00 |
|||||
| Postage/Other |
173.12 |
291.67 |
173.12 |
291.67 |
3,500.00 |
|||||
| Holiday Lights |
0.00 |
8.33 |
0.00 |
8.33 |
100.00 |
|||||
| Meeting Room Fees |
0.00 |
6.67 |
0.00 |
6.67 |
80.00 |
|||||
| Newsletter Printing Expense |
283.50 |
333.33 |
283.50 |
333.33 |
4,000.00 |
|||||
| Management Fees |
2,900.00 |
2,900.00 |
2,900.00 |
2,900.00 |
34,800.00 |
|||||
| Website Management Fees |
0.00 |
25.00 |
0.00 |
25.00 |
300.00 |
|||||
| Taxes-Licenses-Permits |
61.25 |
54.17 |
61.25 |
54.17 |
650.00 |
|||||
| Golf Tournament Expenses |
0.00 |
250.00 |
0.00 |
250.00 |
3,000.00 |
|||||
| Total Administrative Expense |
6,064.32 |
6,610.83 |
6,064.32 |
6,610.83 |
79,330.00 |
|||||
| TOTAL EXPENSE |
38,000.81 |
44,329.17 |
38,000.81 |
44,329.17 |
531,950.00 |
|||||
| NET INCOME/(LOSS) |
27,308.30 |
0.00 |
27,308.30 |
0.00 |
0.00 |
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