| BALANCE SHEET - PWHOA (5/31/05) |
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| ASSETS: |
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| Operating Assets - General |
|||||||||||
| Checking-Bank Atlantic |
18,848.78 |
||||||||||
| Savings - Bank Atlantic |
108,663.37 |
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| Checking - Union Bank |
107,403.10 |
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| Money Market - SouthTrust |
3,653.02 |
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| Total Operating Assets - General |
238,568.27 |
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| Operating Assets - Cable |
|||||||||||
| Cable Account - Washington Mutual |
5,117.91 |
||||||||||
| Cable Account - Regent Bank |
4,477.32 |
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| Total Operating Assets - Cable |
9,595.23 |
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| Other Assets |
|||||||||||
| Accounts Receivable |
7,359.50 |
||||||||||
| Bulk Cable Receivables |
1,824.95 |
||||||||||
| Newsletter Income Due |
0.00 |
||||||||||
| Prepaid Insurance |
1,501.65 |
||||||||||
| Total Other Assets |
10,686.10 |
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| TOTAL ASSETS |
$258,849.60 |
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| LIABILITIES & EQUITY: |
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| Operating Liabilities |
|||||||||||
| Accounts Payable |
8,053.20 |
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| Prepaid Assessments |
1,824.22 |
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| Prepaid Cable Assessment |
644.73 |
||||||||||
| Deferred Revenue |
167,416.69 |
||||||||||
| Deferred Cable Income |
16,018.37 |
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| Total Operating Liabilities |
193,957.21 |
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| Members Equity |
|||||||||||
| Members Equity |
24,010.67 |
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| Current Year Earnings |
40,881.72 |
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| Total Members Equity |
64,892.39 |
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| TOTAL LIABILITIES & EQUITY |
$258,849.60 |
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| HOMEOWNERS EQUITY: |
|||||||||||
| Total Members Equity |
64,892.39 |
||||||||||
| Less Cable Adjustment |
-5,242.92 |
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| TOTAL HOMEOWNERS EQUITY |
$70,135.31 |
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| BUDGET COMPARISON - PWHOA (5/31/05) |
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| MTD |
MTD |
YTD |
YTD |
Annual |
||||||
| Actual |
Budget |
Actual |
Budget |
Budget |
||||||
| INCOME: |
||||||||||
| Homeowner Assessment |
23,916.67 |
23,916.67 |
119,583.31 |
119,583.33 |
287,000.00 |
|||||
| Interest Income |
133.68 |
100.00 |
575.79 |
500.00 |
1,200.00 |
|||||
| Bulk Cable Assessment |
16,018.33 |
19,416.67 |
80,091.65 |
97,083.33 |
233,000.00 |
|||||
| HO Dock Ins. Premium |
0.00 |
62.50 |
200.00 |
312.50 |
750.00 |
|||||
| Newsletter Advertising |
185.00 |
250.00 |
1,775.00 |
1,250.00 |
3,000.00 |
|||||
| Golf Tournament Income |
0.00 |
583.33 |
0.00 |
2,916.67 |
7,000.00 |
|||||
| Miscellaneous Income |
0.00 |
0.00 |
24,525.00 |
0.00 |
0.00 |
|||||
| TOTAL INCOME |
40,253.68 |
44,329.17 |
226,750.75 |
221,645.83 |
531,950.00 |
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| EXPENSES: |
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| Maintenance & Common Area Expense: |
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| Irrigation Maint/Upgrade |
303.31 |
833.33 |
2,548.16 |
4,166.67 |
10,000.00 |
|||||
| Landscape Replacements |
0.00 |
722.50 |
2,255.00 |
3,612.50 |
8,670.00 |
|||||
| Lawn Maintenance |
3,350.00 |
2,750.00 |
16,900.00 |
13,750.00 |
33,000.00 |
|||||
| Tree Trimming |
0.00 |
2,083.33 |
3,210.00 |
10,416.67 |
25,000.00 |
|||||
| Lake & Dock Maintenance |
150.00 |
150.00 |
750.00 |
750.00 |
1,800.00 |
|||||
| Playground Maintenance |
100.00 |
100.00 |
500.00 |
500.00 |
1,200.00 |
|||||
| Pressure Cleaning |
0.00 |
237.50 |
0.00 |
1,187.50 |
2,850.00 |
|||||
| Security - Wackenhut |
9,857.15 |
8,166.67 |
41,321.88 |
40,833.33 |
98,000.00 |
|||||
| Security - PBC Sheriff |
0.00 |
425.00 |
760.00 |
2,125.00 |
5,100.00 |
|||||
| Miscellaneous General Maintenance |
0.00 |
83.33 |
0.00 |
416.67 |
1,000.00 |
|||||
| Street Signs |
74.42 |
125.00 |
372.10 |
625.00 |
1,500.00 |
|||||
| Improvements - Golf Proceeds |
0.00 |
333.33 |
0.00 |
1,666.67 |
4,000.00 |
|||||
| Cable TV |
16,337.06 |
19,416.67 |
79,961.04 |
97,083.33 |
233,000.00 |
|||||
| Utilities - Electric |
2,075.03 |
2,291.67 |
9,594.01 |
11,458.33 |
27,500.00 |
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| Total Maint. & Com. Area Expense |
32,246.97 |
37,718.33 |
158,172.19 |
188,591.67 |
452,620.00 |
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| Administrative Expense: |
||||||||||
| Accounting Fees |
0.00 |
125.00 |
0.00 |
625.00 |
1,500.00 |
|||||
| Insurance |
1,501.65 |
1,708.33 |
7,508.25 |
8,541.67 |
20,500.00 |
|||||
| Legal |
0.00 |
533.33 |
117.04 |
2,666.67 |
6,400.00 |
|||||
| Office Supplies |
252.69 |
375.00 |
2,317.95 |
1,875.00 |
4,500.00 |
|||||
| Postage/Other |
173.53 |
291.67 |
1,415.92 |
1,458.33 |
3,500.00 |
|||||
| Holiday Lights |
0.00 |
8.33 |
0.00 |
41.67 |
100.00 |
|||||
| Meeting Room Fees |
0.00 |
6.67 |
80.00 |
33.33 |
80.00 |
|||||
| Newsletter Printing Expense |
283.50 |
333.33 |
1,516.43 |
1,666.67 |
4,000.00 |
|||||
| Management Fees |
2,900.00 |
2,900.00 |
14,500.00 |
14,500.00 |
34,800.00 |
|||||
| Website Management Fees |
0.00 |
25.00 |
180.00 |
125.00 |
300.00 |
|||||
| Taxes-Licenses-Permits |
0.00 |
54.17 |
61.25 |
270.83 |
650.00 |
|||||
| Golf Tournament Expenses |
0.00 |
250.00 |
0.00 |
1,250.00 |
3,000.00 |
|||||
| Total Administrative Expense |
5,111.37 |
6,610.83 |
27,696.84 |
33,054.17 |
79,330.00 |
|||||
| TOTAL EXPENSE |
37,358.34 |
44,329.17 |
185,869.03 |
221,645.83 |
531,950.00 |
|||||
| NET INCOME/(LOSS) |
2,895.34 |
0.00 |
40,881.72 |
0.00 |
0.00 |
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