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Harrington Grove HOA
3:15PM
Page 1
APR 7,2009
Charleston Management Corp.
Balance Sheet for March 31, 2009 (cash basis)
Current Assets:
76,855.17
Cash -North State Bank
10,794.63
Delinquent Dues A/R
50,000.00
Investment, CD Gateway Bank 4/7/09 3.75%
29,698.66
Investment, CD NS Bank 12/15/09 3.30
51,606.31
Investment, CD NS Bank 6/15/09 3.35%
100,000.00
Investment, CD RBC 7/19/09 3.9%
100,000.00
Investment, Capital Bank 5/31/2010 4%
50,204.18
Reserve - M/M, North State Bank
Total Current Assets
469,158.95
Liabilities and Fund Balances:
328,810.30
Fund Balance - Future Reserve
103,036.19
Fund Balance - Operating
37,312.46
Excess (Deficiency) of Revenues over Expenses
Total Liabilities and Fund Balances
469,158.95
(unaudited)
Harrington Grove HOA
3:15PM
Page 2
APR 7,2009
Charleston Management Corp.
Income Statement for March 31, 2009 (cash basis)
Current Month
Year-to-Date
Budget vs
Budget vs Annual
Amount
Budget
Actual $
Amount
Budget
Actual $
Budget
Revenues:
(3,419.12)
0
654.05
654.05
0
(3,419.12)
0
Accounts Receivable Adjustments
20.94
0
61.67
61.67
0
20.94
0
Interest Income
0.00
583
0.00
(1,750.00)
7,000
(583.00)
1,750
Late Fee Charge
115.00
100
375.00
75.00
1,200
15.00
300
Newsletter Ad Revenue
29,834.80
0
106,367.55
38,112.55 273,020
29,834.80
68,255
Owner Dues
0.00
0
0.00
(5,509.00)
5,509
0.00
5,509
Previous year gain
355.00
33
355.00
255.00
400
322.00
100
Violation Income
Total Revenues
107,813.27
75,914
716
26,190.62
287,129
31,899.27
26,906.62
Operating Expenses:
Administration
3,156.50
0
3,156.50
(343.50)
3,500
3,156.50
3,500
Easement-S&R Club
Totals for Administration
3,156.50
3,500
0
3,156.50
3,500
(343.50)
3,156.50
Utilities
243.89
250
604.15
(145.85)
3,000
(6.11)
750
Electric
3.20
92
34.61
(240.39)
1,100
(88.80)
275
Water
Totals for Utilities
638.76
1,025
342
(94.91)
4,100
(386.24)
247.09
Grounds
4,989.00
5,056
14,967.00
(200.00)
60,668
(67.00)
15,167
Grounds Contract
1,258.00
2,500
4,868.00
(2,632.00)
30,000
(1,242.00)
7,500
Grounds Extra/Improvement
Totals for Grounds
19,835.00
22,667
7,556
(1,309.00)
90,668
(2,832.00)
6,247.00
Maintenance
400.00
100
400.00
100.00
1,200
300.00
300
Fence maintenance
95.00
83
467.30
217.30
1,000
12.00
250
Sign Maintenance
Totals for Maintenance
867.30
550
183
312.00
2,200
317.30
495.00
Professional Fees
0.00
600
0.00
(600.00)
2,600
(600.00)
600
Accounting - CPA
0.00
92
0.00
(275.00)
1,100
(92.00)
275
Legal fees-ARC
0.00
167
443.75
(56.25)
2,000
(167.00)
500
Legal-Opinion
1,810.68
250
3,022.43
2,272.43
3,000
1,560.68
750
Legal/Collection Fees
5,148.00
5,148
15,444.00
0.00
61,776
0.00
15,444
Management Contract
0.00
34
0.00
(101.00)
406
(34.00)
101
Misc. Operating Reserve
Totals for Professional Fees
18,910.18
17,670
6,291
667.68
70,882
1,240.18
6,958.68
(unaudited)
Harrington Grove HOA
3:15PM
Page 3
APR 7,2009
Charleston Management Corp.
Income Statement for March 31, 2009 (cash basis)
Current Month
Year-to-Date
Budget vs
Budget vs Annual
Amount
Budget
Actual $
Amount
Budget
Actual $
Budget
Taxes and Insurance
0.00
1,000
976.00
(24.00)
1,000
(1,000.00)
1,000
Income Taxes
0.00
483
3,475.68
2,025.68
5,800
(483.00)
1,450
Insurance
Totals for Taxes and Insurance
4,451.68
2,450
1,483
(1,483.00)
6,800
2,001.68
0.00
Recreation
0.00
63
0.00
(188.00)
750
(63.00)
188
Playground Equipment/Maintenanc
e
Totals for Recreation
0.00
188
63
(63.00)
750
(188.00)
0.00
Miscellaneous Expense
0.00
125
0.00
(375.00)
1,500
(125.00)
375
Bad Debt
0.00
192
0.00
(575.00)
2,300
(192.00)
575
Community Action
0.00
500
0.00
(1,500.00)
6,000
(500.00)
1,500
Newsletter
74.23
625
1,084.51
(790.49)
7,500
(550.77)
1,875
Postage
261.85
667
3,236.64
1,236.64
8,000
(405.15)
2,000
Printing
0.00
42
0.00
(125.00)
500
(42.00)
125
Rewards & Recognition
0.00
4,829
9,870.40
(4,616.60)
57,949
(4,829.00)
14,487
Security
0.00
500
0.00
(1,500.00)
6,000
(500.00)
1,500
Social
0.00
83
143.95
(106.05)
1,000
(83.00)
250
Vandalism
0.00
67
150.00
(50.00)
800
(67.00)
200
Website
0.00
250
0.00
(750.00)
3,000
(250.00)
750
Welcome Committee
Totals for Miscellaneous Expense
14,485.50
23,637
7,880
(7,543.92)
94,549
(9,151.50)
336.08
Capital Contribution
1,140.00
1,140
3,420.00
0.00
13,680
0.00
3,420
Capital Reserve Contribution
Totals for Capital Contribution
3,420.00
3,420
1,140
0.00
13,680
0.00
1,140.00
Total Operating Expenses
65,764.92
75,107
24,938
(6,357.65)
287,129
(9,342.08)
18,580.35
Excess (Deficiency)
42,048.35
807
(24,222)
32,548.27
0
41,241.35
Operating Fund Revenues
Over Operating Fund Expenses
8,326.27
(unaudited)
of 00

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