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Financial Information > Income Statement


31 Dec 2005

Franklin Farms Homeowners Assn., Inc.

2005 Annual Report

 

 

 

 

 

The compilation of our 2005 financial report is complete and is summarized below. Copies of detailed reports are available to any homeowner if requested from Secretary/Treasurer Denise Glaser.

 

 

 

           

Income

Assessments

 

18,920.00

 

 

Estoppel income

 

1,200.00

 

 

Late fees collected

 

200.00

 

 

Interest on money market

 

24.73

 

 

Interest on assessments

 

3.75

 

Total Income

 

 

20,348.48

 

 

 

 

 

 

 

 

 

 

Expenses

Administrative & website

 

1,377.39

 

 

Annual audit

 

524.00

 

 

Annual meeting

 

132.43

 

 

Chemicals

 

63.72

 

 

Ground Maintenance

 

8,699.40

 

 

Insurance

 

2,743.42

 

 

Legal & accounting

 

8,702.64

 

 

Newsletters

 

75.26

 

 

Sprinkler repairs

 

219.00

 

 

Utilities

 

414.88

 

Total Operating Expenses

 

 

22,952.14

Total Reserve Expenses

 

 

3,834.00

 

 

 

 

 

Excess of expenses over collections

 

 

6,437.66

Revised 9/17/2019 DG