• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
Harrington Grove HOA
11:33AM
Page 1
MAR 11,2009
Charleston Management Corp.
Balance Sheet for February 28, 2009 (cash basis)
Current Assets:
65,130.72
Cash -North State Bank
14,213.75
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%
49,043.24
Reserve - M/M, North State Bank
Total Current Assets
459,692.68
Liabilities and Fund Balances:
327,670.30
Fund Balance - Future Reserve
103,036.19
Fund Balance - Operating
28,986.19
Excess (Deficiency) of Revenues over Expenses
Total Liabilities and Fund Balances
459,692.68
(unaudited)
Harrington Grove HOA
11:33AM
Page 2
MAR 11,2009
Charleston Management Corp.
Income Statement for February 28, 2009 (cash basis)
Current Month
Year-to-Date
Budget vs
Budget vs Annual
Amount
Budget
Actual $
Amount
Budget
Actual $
Budget
Revenues:
(3,088.00)
0
4,073.17
4,073.17
0
(3,088.00)
0
Accounts Receivable Adjustments
18.91
0
40.73
40.73
0
18.91
0
Interest Income
0.00
583
0.00
(1,167.00)
7,000
(583.00)
1,167
Late Fee Charge
260.00
100
260.00
60.00
1,200
160.00
200
Newsletter Ad Revenue
4,907.97
0
76,567.75
8,312.75 273,020
4,907.97
68,255
Owner Dues
0.00
0
0.00
(5,509.00)
5,509
0.00
5,509
Previous year gain
0.00
33
0.00
(67.00)
400
(33.00)
67
Violation Income
Total Revenues
80,941.65
75,198
716
1,382.88
287,129
5,743.65
2,098.88
Operating Expenses:
Administration
0.00
0
0.00
(3,500.00)
3,500
0.00
3,500
Easement-S&R Club
Totals for Administration
0.00
3,500
0
0.00
3,500
(3,500.00)
0.00
Utilities
276.77
250
360.26
(139.74)
3,000
26.77
500
Electric
28.21
92
31.41
(151.59)
1,100
(63.79)
183
Water
Totals for Utilities
391.67
683
342
(37.02)
4,100
(291.33)
304.98
Grounds
4,989.00
5,056
9,978.00
(133.00)
60,668
(67.00)
10,111
Grounds Contract
2,925.00
2,500
3,610.00
(1,390.00)
30,000
425.00
5,000
Grounds Extra/Improvement
Totals for Grounds
13,588.00
15,111
7,556
358.00
90,668
(1,523.00)
7,914.00
Maintenance
0.00
100
0.00
(200.00)
1,200
(100.00)
200
Fence maintenance
216.19
83
372.30
205.30
1,000
133.19
167
Sign Maintenance
Totals for Maintenance
372.30
367
183
33.19
2,200
5.30
216.19
Professional Fees
0.00
0
0.00
0.00
2,600
0.00
0
Accounting - CPA
0.00
92
0.00
(183.00)
1,100
(92.00)
183
Legal fees-ARC
395.00
167
443.75
110.75
2,000
228.00
333
Legal-Opinion
1,747.25
250
1,246.75
746.75
3,000
1,497.25
500
Legal/Collection Fees
5,148.00
5,148
10,296.00
0.00
61,776
0.00
10,296
Management Contract
0.00
34
0.00
(68.00)
406
(34.00)
68
Misc. Operating Reserve
Totals for Professional Fees
11,986.50
11,380
5,691
1,599.25
70,882
606.50
7,290.25
(unaudited)
Harrington Grove HOA
11:33AM
Page 3
MAR 11,2009
Charleston Management Corp.
Income Statement for February 28, 2009 (cash basis)
Current Month
Year-to-Date
Budget vs
Budget vs Annual
Amount
Budget
Actual $
Amount
Budget
Actual $
Budget
Taxes and Insurance
976.00
0
976.00
976.00
1,000
976.00
0
Income Taxes
0.00
483
3,475.68
2,508.68
5,800
(483.00)
967
Insurance
Totals for Taxes and Insurance
4,451.68
967
483
493.00
6,800
3,484.68
976.00
Recreation
0.00
63
0.00
(125.00)
750
(63.00)
125
Playground Equipment/Maintenanc
e
Totals for Recreation
0.00
125
63
(63.00)
750
(125.00)
0.00
Miscellaneous Expense
0.00
125
0.00
(250.00)
1,500
(125.00)
250
Bad Debt
0.00
192
0.00
(383.00)
2,300
(192.00)
383
Community Action
0.00
500
0.00
(1,000.00)
6,000
(500.00)
1,000
Newsletter
897.98
625
1,010.28
(239.72)
7,500
272.98
1,250
Postage
2,173.20
667
2,974.79
1,641.79
8,000
1,506.20
1,333
Printing
0.00
42
0.00
(83.00)
500
(42.00)
83
Rewards & Recognition
9,870.40
4,829
9,870.40
212.40
57,949
5,041.40
9,658
Security
0.00
500
0.00
(1,000.00)
6,000
(500.00)
1,000
Social
143.95
83
143.95
(23.05)
1,000
60.95
167
Vandalism
0.00
67
150.00
17.00
800
(67.00)
133
Website
0.00
250
0.00
(500.00)
3,000
(250.00)
500
Welcome Committee
Totals for Miscellaneous Expense
14,149.42
15,757
7,880
5,205.53
94,549
(1,607.58)
13,085.53
Capital Contribution
1,140.00
1,140
2,280.00
0.00
13,680
0.00
2,280
Capital Reserve Contribution
Totals for Capital Contribution
2,280.00
2,280
1,140
0.00
13,680
0.00
1,140.00
Total Operating Expenses
47,219.57
50,170
23,338
7,588.95
287,129
(2,950.43)
30,926.95
Excess (Deficiency)
33,722.08
25,028
(22,622)
(6,206.07)
0
8,694.08
Operating Fund Revenues
Over Operating Fund Expenses
(28,828.07)
(unaudited)
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...