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Village Association |
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2005 Monthly Financial Report |
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Budget |
Year-to-Date |
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OPERATING FUNDS |
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Assessments |
$115,500.00 |
$109,085.00 |
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Am. Marine Bank Checking |
$16,000.00 |
$16,301.73 |
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Other |
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$4,275.71 |
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GROSS OPERATING FUNDS |
$131,500.00 |
$129,662.44 |
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OPERATING EXPENSE |
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Landscape |
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Landscape Contract |
$60,061.00 |
$43,877.48 |
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Barking |
$2,000.00 |
$0.00 |
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Other |
$4,050.00 |
$1,260.96 |
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Utilities |
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Water |
$8,500.00 |
$11,294.78 |
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Electricity |
$500.00 |
$297.58 |
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Cable |
$18,559.00 |
$15,359.40 |
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Administration |
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Insurance |
$1,100.00 |
$1,013.00 |
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Office Supplies |
$500.00 |
$237.02 |
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Taxes |
$35.00 |
$14.50 |
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Legal/Professional |
$500.00 |
$387.24 |
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Misc. |
$200.00 |
$3,176.96 |
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Reserve Fund |
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FY05 Assessment Transfer ($85/House/QTR) |
$18,700.00 |
$13,995.00 |
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Transfer from checking acct. |
$8,000.00 |
$0.00 |
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TOTAL OPERATING EXPENSE |
$122,705.00 |
$90,913.92 |
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OPERATING ACCT. BALANCE |
$8,795.00 |
$38,748.52 |
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Operating fund notes: |
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Quarterly transfer of funds into Reserve Account will be made in May |
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RESERVE FUNDS |
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Liquid Assets |
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Am. Marine Bank Reserve Acct. |
$4,150.00 |
$4,150.58 |
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Teal Lake Pond Reimbursement |
$930.00 |
$0.00 |
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Transfer from Checking Account |
$8,000.00 |
$0.00 |
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FY05 Assessment Transfer ($85/HO/QTR) |
$18,700.00 |
$13,995.00 |
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TOTAL LIQUID RESERVE |
$31,780.00 |
$18,145.58 |
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RESERVE EXPENSES |
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Fences |
$12,204.00 |
$12,457.91 |
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Columns |
$250.00 |
$0.00 |
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Pond |
$1,500.00 |
$1,742.02 |
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Driveways |
$2,500.00 |
$742.09 |
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Irrigation System Repair |
$2,000.00 |
$0.00 |
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Other |
$1,000.00 |
$75.27 |
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TOTAL RESERVE EXPENSE |
$19,454.00 |
$15,017.29 |
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LIQUID RESERVE BALANCE |
$12,326.00 |
$3,128.29 |
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INVESTED RESERVE FUNDS |
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State Farm CD #1 |
$15,000.00 |
$15,000.00 |
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State Farm CD #2 |
$20,000.00 |
$20,000.00 |
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Interest |
$920.00 |
$682.72 |
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TOTAL INVESTED RESERVE |
$35,920.00 |
$35,682.72 |
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RESERVE FUND BALANCE |
$48,246.00 |
$38,811.01 |
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Reserve Notes |
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Teal Lake billed for their share of pond work |
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State Farm statement not received in time to record April interest |
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