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Financial Information > 2010 Financial Information


24 Jan 2011

 

                     
        Jan - Dec 10   Jan - Dec 09   $ Change   % Change
  Ordinary Income/Expense              
    Income              
      2009 Regular Assessment 0.00   30,275.00   -30,275.00   -100.0%
      2010 Regular Assessment 30,275.00   0.00   30,275.00   100.0%
    Total Income 30,275.00   30,275.00   0.00   0.0%
    Expense              
      Administrative 1,050.27   1,403.88   -353.61   -25.19%
      Annual Audit 450.00   450.00   0.00   0.0%
      Annual Meeting 84.80   95.91   -11.11   -11.58%
      Chemicals 78.42   62.85   15.57   24.77%
      Depreciation 6,975.78   8,430.00   -1,454.22   -17.25%
      Fees, License and Taxes 61.25   122.50   -61.25   -50.0%
      Ground Maintenance 12,209.74   14,635.34   -2,425.60   -16.57%
      Insurance 4,386.41   4,386.61   -0.20   -0.01%
      Legal Fees 7,899.07   1,688.75   6,210.32   367.75%
      Newsletters 57.40   158.95   -101.55   -63.89%
      Postage and Meter Rental 989.26   820.59   168.67   20.56%
      Repairs & Maintenance 0.00   134.00   -134.00   -100.0%
      Sprinkler Maintenance & Repair 615.00   1,312.30   -697.30   -53.14%
      Storage Unit 1,064.24   1,013.36   50.88   5.02%
      Utilities 228.99   198.74   30.25   15.22%
    Total Expense 36,150.63   34,913.78   1,236.85   3.54%
  Net Ordinary Income -5,875.63   -4,638.78   -1,236.85   26.66%
  Other Income/Expense              
    Other Income              
      Estoppel 700.00   800.00   -100.00   -12.5%
      Interest Income 237.46   2.84   234.62   8,261.27%
      Other Miscellaneous Income 895.00   0.00   895.00   100.0%
    Total Other Income 1,832.46   802.84   1,029.62   128.25%
    Other Expense              
      Wall & swale reserve expense 0.00   0.00   0.00   0.0%
    Total Other Expense 0.00   0.00   0.00   0.0%
  Net Other Income 1,832.46   802.84   1,029.62   128.25%
Net Income -4,043.17   -3,835.94   -207.23   5.4%
                     

 

                       
          Dec 31, 10   Dec 31, 09   $ Change   % Change
ASSETS                  
  Current Assets              
    Checking/Savings              
      Chase Operating Account 6,258.48   4,900.00   1,358.48   27.72%
      Chase Reserve Account 7,477.54   1,686.63   5,790.91   343.34%
    Total Checking/Savings 13,736.02   6,586.63   7,149.39   108.54%
    Accounts Receivable              
      Due from members 2,454.22   3,656.00   -1,201.78   -32.87%
      2011 advance payments -7,535.00   -4,900.00   -2,635.00   53.78%
    Total Accounts Receivable -5,080.78   -1,664.00   -3,416.78   205.34%
    Other Current Assets              
      Expenses due from residents              
        2321 Fairmont 1,902.89   2,102.89   -200.00   -9.51%
        9430 Dunhill 480.39   480.39   0.00   0.0%
        9500 Belaire 0.00   600.00   -600.00   -100.0%
      Total Expenses due from residents 2,383.28   3,183.28   -800.00   -25.13%
    Total Other Current Assets 2,383.28   3,183.28   -800.00   -25.13%
  Total Current Assets 11,038.52   8,105.91   2,932.61   36.18%
  Fixed Assets              
    Accumulated Depreciation -16,233.78   -9,258.00   -6,975.78   75.35%
    Entrance Fencing 11,800.00   11,800.00   0.00   0.0%
    Entrance Signage 2,300.00   2,300.00   0.00   0.0%
    Golf Cart 2,133.78   2,133.78   0.00   0.0%
  Total Fixed Assets 0.00   6,975.78   -6,975.78   -100.0%
  Other Assets              
    Deposits 50.00   50.00   0.00   0.0%
  Total Other Assets 50.00   50.00   0.00   0.0%
TOTAL ASSETS 11,088.52   15,131.69   -4,043.17   -26.72%
LIABILITIES & EQUITY              
  Equity                  
    Opening Bal Equity 2,174.76   2,174.76   0.00   0.0%
    Retained Earnings 12,956.93   16,792.87   -3,835.94   -22.84%
    Net Income -4,043.17   -3,835.94   -207.23   5.4%
  Total Equity 11,088.52   15,131.69   -4,043.17   -26.72%
TOTAL LIABILITIES & EQUITY 11,088.52   15,131.69   -4,043.17   -26.72%

Revised 9/17/2019 DG