Pheasant Walk Homeowner's Association
	Budget Comparison
	For the Month Ended May 31, 2006
			Month To Date				Year To Date
	GL A/C #	Description	Actual	Budgeted	Variance		Actual	Budgeted	Variance
	INCOME:
	3110	Homeowner's Assesment	$                   25,083	$                   25,083	$                              -		$                 125,417	$                 125,417	$                              -
	3160	Interest Income	$                         189	$                         213	$                         (24)		$                      1,086	$                      1,063	$                          23
	3200	Bulk Cable TV Assesment	$                   19,898	$                   19,708	$                        190		$                   99,488	$                   98,542	$                        946
	3310	Misc. Income	$                   15,225	$                              -	$                   15,225		$                   15,700	$                              -	$                   15,700
	3335	Newsletter Advertising	$                           80	$                         321	$                       (241)		$                      1,699	$                      1,604	$                          95
		Total Income	$            60,475	$            45,325	$            15,150		$          243,389	$          226,625	$            16,764
	EXPENSES:
	Maintenance & Common Area Expenses
	4020	Irrigation Maint / Upgrade	$                      1,367	$                         667	$                       (700)		$                      6,857	$                      3,333	$                   (3,524)
	4025	Landscape Replacement	$                      5,420	$                              -	$                   (5,420)		$                      5,420	$                              -	$                   (5,420)
	4030	Lawn Maint & Mulch	$                      3,500	$                      3,900	$                        400		$                   23,422	$                   19,500	$                   (3,922)
	4035	Tree Trimming	$                              -	$                      1,250	$                     1,250		$                      3,500	$                      6,250	$                     2,750
	4045	Lake & Dock Maintenance	$                      7,675	$                         230	$                   (7,445)		$                      8,475	$                      1,150	$                   (7,325)
	4050	Playgroung Maintenance	$                         600	$                         183	$                       (417)		$                      1,000	$                         917	$                         (83)
		Pressure Cleaning	$                              -	$                         238	$                        238		$                              -	$                      1,188	$                     1,188
	4075	Security - Wackenhut	$                      9,734	$                      9,000	$                       (734)		$                   42,551	$                   45,000	$                     2,449
	4080	Security - PBC Sheriff	$                         380	$                         380	$                              -		$                      1,995	$                      1,900	$                         (95)
	4085	General Maintenance	$                         129	$                         167	$                          38		$                         174	$                         833	$                        659
	4090	Street Signs	$                      9,463	$                         458	$                   (9,005)		$                      9,773	$                      2,292	$                   (7,482)
	4110	Cable TV	$                   16,828	$                   19,708	$                     2,880		$                   77,940	$                   98,542	$                   20,602
	4115	Utilities - Electric	$                      2,938	$                      2,750	$                       (188)		$                   12,305	$                   13,750	$                     1,445
		Total Maint. & Common Area Exp.	$            58,034	$            38,931	$          (19,103)		$          193,413	$          194,654	$              1,241
	Administrative Expenses
	7005	Accounting Fees	$                              -	$                         125	$                        125		$                      1,350	$                         625	$                       (725)
	7015	Insurance	$                      1,756	$                      1,750	$                           (6)		$                      8,780	$                      8,750	$                         (30)
	7020	Legal	$                              -	$                         208	$                        208		$                      2,117	$                      1,042	$                   (1,075)
	7030	Office Supplies	$                         425	$                         392	$                         (33)		$                      3,939	$                      1,958	$                   (1,981)
	7040	Postage / Other	$                         445	$                         392	$                         (53)		$                      2,465	$                      1,958	$                       (507)
		Holiday Lights	$                              -	$                             8	$                             8		$                              -	$                           42	$                          42
	7055	Meeting Room Expense	$                              -	$                             7	$                             7		$                           50	$                           33	$                         (17)
	7060	Newsletter Printing Expense	$                              -	$                         333	$                        333		$                      1,924	$                      1,667	$                       (257)
	7070	Management Fees	$                      3,067	$                      3,067	$                              -		$                   15,333	$                   15,333	$                              -
	7075	Website Management Fee	$                           90	$                           58	$                         (32)		$                         225	$                         292	$                          67
	7080	Taxes - Licenses - Permits	$                              -	$                           54	$                          54		$                           61	$                         271	$                        210
		Total Administrative Expense	$               5,783	$               6,394	$                 611		$            36,244	$            31,971	$            (4,273)
		Total Operating Expense	$            63,817	$            45,325	$          (18,492)		$          229,657	$          226,625	$            (3,032)
		Total Income / (Loss)	$             (3,342)	$                       -	$            (3,342)		$            13,732	$                       -	$            13,732