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Financial Report - July 31, 2010 |
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Written by Treasurer
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A. Operating Fund Profit and Loss |
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YTD |
July |
*Budget |
YTD/ Budg. |
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INCOME |
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4020 · Operations Dues |
117,268 |
41,485 |
467,400 |
25% |
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4030 · Late Fees |
400 |
90 |
2,000 |
20% |
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4040 · Other Income |
133 |
108 |
700 |
19% |
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TOTAL INCOME |
117,801 |
41,683 |
470,100 |
25% |
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EXPENSE |
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7180 · Insurance |
7,550 |
3,775 |
45,219 |
17% |
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7200 · Lawn/Landscape |
54,312 |
17,525 |
150,000 |
36% |
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7450 · Snow Plowing |
0 |
0 |
70,000 |
0% |
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7210 · Lake treatment |
2,052 |
0 |
2,000 |
103% |
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7250 · Legal & Acct. |
3,187 |
-448 |
8,000 |
40% |
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7260 · Management Fee |
5,800 |
1,963 |
22,689 |
26% |
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7270 · Miscellaneous |
3,099 |
896 |
4,000 |
77% |
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7280 · Newsletter |
70 |
70 |
150 |
47% |
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7295 · Pest Control |
4,475 |
75 |
4,475 |
100% |
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7300 · Postage |
220 |
132 |
600 |
37% |
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7390 · Repairs and Maint. |
4,480 |
2,740 |
35,000 |
13% |
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7395 · Window Washing |
7,176 |
0 |
7,410 |
97% |
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7400 · Painting - General |
901 |
0 |
4,000 |
23% |
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7535 · City Water |
7,588 |
6,427 |
25,000 |
30% |
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7207 · Wells |
17,255 |
0 |
45,000 |
38% |
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Reserve loan repayment |
18,000 |
6,000 |
54,000 |
33% |
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Software development |
0 |
0 |
2,000 |
0% |
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TOTAL EXPENSE |
136,165 |
39,155 |
479,543 |
28% |
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NET INCOME (LOSS) |
-18,364 |
2,528 |
-9,443 |
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B. Reserve Fund Profit and Loss |
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YTD |
July |
*Budget |
YTD/ Budg. |
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INCOME |
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Reserve dues |
30,582 |
10,690 |
122,760 |
25% |
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Interest income |
7,413 |
42 |
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Loan repayment |
18,000 |
6,000 |
54,000 |
33% |
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TOTAL INCOME |
55,995 |
16,732 |
176,760 |
32% |
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EXPENSE |
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Reserve painting |
25,050 |
25,050 |
60,000 |
42% |
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TOTAL EXPENSE |
25,050 |
25,050 |
60,000 |
42% |
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NET INCOME (LOSS) |
30,945 |
-8,318 |
136,760 |
23% |
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C. HTCA Combined Balance Sheet for July 31, 2010 |
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ASSETS |
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Checking/Savings |
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1040 · Operations Checking |
29,861 |
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1045 · Reserve Checking |
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28,554 |
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1050 · Raymond James |
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356,217 |
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Total Checking/Savings |
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414,632 |
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Accounts Receivable |
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Loan to Operations |
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36,000 |
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Total Accounts Receivable |
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36,000 |
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TOTAL ASSETS |
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450,632 |
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LIABILITIES & EQUITY |
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Equity |
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Opening Balance |
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165,125 |
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3900 · Retained Earnings |
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236,926 |
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Net Income |
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12,581 |
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Total Equity |
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414,632 |
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Liability |
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Reserve loan repayment |
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36,000 |
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TOTAL LIABILITIES & EQUITY |
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450,632 |
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* |
Budget for fiscal year beginning May 1, 2010 |
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Sources: Sun Agency Monthly QuickBook Report (Cash basis), |
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Quality Budget Payment Plan, and Raymond James July Statement. |
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Board Info 
