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Financial Information > 2019 Financials


31 Dec 2019

            2019   2018
  Ordinary Income/Expense      
      Income      
        2017 Regular Assessment 200.00   373.70
        2018 Annual Assessment 210.00   34,620.00
        2019 Annual Assessment 29,954.61   4,720.00
        Returned Check Charges 12.00   0.00
      Total Income 30,376.61   39,713.70
    Gross Profit 30,376.61   39,713.70
      Expense      
        Administrative 1,011.84   1,136.00
        Annual Meeting 27.34   196.29
        Bank Service Charges 24.00   0.00
        Chemicals 0.00   -60.00
        Fees, License and Taxes 61.25   61.25
        Ground Maintenance 12,783.00   8,693.50
        Holiday decorations 168.94   634.91
        Insurance 2,212.00   3,147.00
        Legal Fees      
          Property expenses 691.00   4,649.21
          Retainer and consulting 815.34   450.00
        Total Legal Fees 1,506.34   5,099.21
        Merchant deposit fees 320.92   398.50
        Postage and Meter Rental 471.92   549.53
        Repairs & Maintenance 915.00   0.00
        Resident get together 336.02   0.00
        Sprinkler Maintenance & Repair 4,526.79   5,072.58
        Storage Unit 1,456.57   1,650.48
        Utilities 265.72   344.63
        Violation Management 3,554.85   3,579.66
      Total Expense 29,642.50   30,503.54
  Net Ordinary Income 734.11   9,210.16
  Other Income/Expense      
    Other Income      
      Estoppel 600.00   1,050.00
      Interest Income 28.68   11.40
      Other Miscellaneous Income 80.00   84.16
    Total Other Income 708.68   1,145.56
    Other Expense      
      Wall & swale reserve expense      
        Iguana COntrol 2,000.00   0.00
        Landscaping 2,600.00   -550.65
        Pressure cleaning 1,000.00   1,000.00
        Signage 0.00   843.98
      Total Wall & swale reserve expense 5,600.00   1,293.33
    Total Other Expense 5,600.00   1,293.33
  Net Other Income -4,891.32   -147.77
Net Income     -4,157.21   9,062.39
                 
          Reserve balance 12835   12097

Revised 9/17/2019 DG