24 Jan 2011
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Jan - Dec 10 |
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Jan - Dec 09 |
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$ Change |
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% Change |
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Ordinary Income/Expense |
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Income |
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2009 Regular Assessment |
0.00 |
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30,275.00 |
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-30,275.00 |
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-100.0% |
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2010 Regular Assessment |
30,275.00 |
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0.00 |
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30,275.00 |
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100.0% |
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Total Income |
30,275.00 |
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30,275.00 |
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0.00 |
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0.0% |
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Expense |
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Administrative |
1,050.27 |
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1,403.88 |
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-353.61 |
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-25.19% |
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Annual Audit |
450.00 |
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450.00 |
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0.00 |
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0.0% |
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Annual Meeting |
84.80 |
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95.91 |
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-11.11 |
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-11.58% |
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Chemicals |
78.42 |
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62.85 |
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15.57 |
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24.77% |
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Depreciation |
6,975.78 |
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8,430.00 |
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-1,454.22 |
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-17.25% |
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Fees, License and Taxes |
61.25 |
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122.50 |
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-61.25 |
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-50.0% |
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Ground Maintenance |
12,209.74 |
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14,635.34 |
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-2,425.60 |
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-16.57% |
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Insurance |
4,386.41 |
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4,386.61 |
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-0.20 |
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-0.01% |
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Legal Fees |
7,899.07 |
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1,688.75 |
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6,210.32 |
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367.75% |
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Newsletters |
57.40 |
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158.95 |
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-101.55 |
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-63.89% |
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Postage and Meter Rental |
989.26 |
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820.59 |
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168.67 |
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20.56% |
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Repairs & Maintenance |
0.00 |
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134.00 |
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-134.00 |
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-100.0% |
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Sprinkler Maintenance & Repair |
615.00 |
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1,312.30 |
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-697.30 |
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-53.14% |
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Storage Unit |
1,064.24 |
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1,013.36 |
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50.88 |
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5.02% |
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Utilities |
228.99 |
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198.74 |
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30.25 |
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15.22% |
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Total Expense |
36,150.63 |
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34,913.78 |
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1,236.85 |
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3.54% |
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Net Ordinary Income |
-5,875.63 |
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-4,638.78 |
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-1,236.85 |
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26.66% |
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Other Income/Expense |
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Other Income |
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Estoppel |
700.00 |
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800.00 |
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-100.00 |
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-12.5% |
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Interest Income |
237.46 |
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2.84 |
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234.62 |
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8,261.27% |
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Other Miscellaneous Income |
895.00 |
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0.00 |
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895.00 |
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100.0% |
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Total Other Income |
1,832.46 |
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802.84 |
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1,029.62 |
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128.25% |
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Other Expense |
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Wall & swale reserve expense |
0.00 |
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0.00 |
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0.00 |
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0.0% |
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Total Other Expense |
0.00 |
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0.00 |
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0.00 |
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0.0% |
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Net Other Income |
1,832.46 |
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802.84 |
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1,029.62 |
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128.25% |
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Net Income |
-4,043.17 |
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-3,835.94 |
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-207.23 |
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5.4% |
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Dec 31, 10 |
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Dec 31, 09 |
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$ Change |
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% Change |
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ASSETS |
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Current Assets |
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Checking/Savings |
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Chase Operating Account |
6,258.48 |
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4,900.00 |
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1,358.48 |
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27.72% |
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Chase Reserve Account |
7,477.54 |
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1,686.63 |
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5,790.91 |
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343.34% |
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Total Checking/Savings |
13,736.02 |
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6,586.63 |
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7,149.39 |
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108.54% |
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Accounts Receivable |
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Due from members |
2,454.22 |
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3,656.00 |
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-1,201.78 |
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-32.87% |
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2011 advance payments |
-7,535.00 |
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-4,900.00 |
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-2,635.00 |
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53.78% |
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Total Accounts Receivable |
-5,080.78 |
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-1,664.00 |
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-3,416.78 |
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205.34% |
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Other Current Assets |
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Expenses due from residents |
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2321 Fairmont |
1,902.89 |
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2,102.89 |
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-200.00 |
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-9.51% |
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9430 Dunhill |
480.39 |
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480.39 |
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0.00 |
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0.0% |
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9500 Belaire |
0.00 |
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600.00 |
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-600.00 |
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-100.0% |
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Total Expenses due from residents |
2,383.28 |
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3,183.28 |
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-800.00 |
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-25.13% |
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Total Other Current Assets |
2,383.28 |
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3,183.28 |
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-800.00 |
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-25.13% |
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Total Current Assets |
11,038.52 |
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8,105.91 |
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2,932.61 |
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36.18% |
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Fixed Assets |
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Accumulated Depreciation |
-16,233.78 |
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-9,258.00 |
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-6,975.78 |
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75.35% |
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Entrance Fencing |
11,800.00 |
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11,800.00 |
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0.00 |
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0.0% |
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Entrance Signage |
2,300.00 |
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2,300.00 |
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0.00 |
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0.0% |
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Golf Cart |
2,133.78 |
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2,133.78 |
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0.00 |
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0.0% |
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Total Fixed Assets |
0.00 |
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6,975.78 |
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-6,975.78 |
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-100.0% |
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Other Assets |
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Deposits |
50.00 |
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50.00 |
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0.00 |
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0.0% |
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Total Other Assets |
50.00 |
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50.00 |
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0.00 |
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0.0% |
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TOTAL ASSETS |
11,088.52 |
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15,131.69 |
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-4,043.17 |
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-26.72% |
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LIABILITIES & EQUITY |
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Equity |
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Opening Bal Equity |
2,174.76 |
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2,174.76 |
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0.00 |
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0.0% |
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Retained Earnings |
12,956.93 |
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16,792.87 |
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-3,835.94 |
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-22.84% |
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Net Income |
-4,043.17 |
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-3,835.94 |
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-207.23 |
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5.4% |
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Total Equity |
11,088.52 |
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15,131.69 |
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-4,043.17 |
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-26.72% |
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TOTAL LIABILITIES & EQUITY |
11,088.52 |
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15,131.69 |
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-4,043.17 |
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-26.72% |
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