NOV 10,2009

2:06PM

Charleston Management Corp.
Harrington Grove HOA
Balance Sheet for October 31, 2009 (cash basis)

Page

Current Assets:
Cash -North State Bank

84,879.98

Delinquent Dues A/R

15,586.41

Investment, CD Gateway Bank 5/7/11 2.36%

51,547.53

Investment, CD NS Bank 12/15/09 3.30

29,698.66

Investment, CD NS Bank 6/16/2010 2.10%

53,489.80

Investment, Capital Bank 5/31/2010 4%
Reserve - M/M, North State Bank

100,000.00
93,930.58
429,132.96

Total Current Assets
Liabilities and Fund Balances:
Fund Balance - Future Reserve

336,790.30

Fund Balance - Operating

103,036.19

Excess (Deficiency) of Revenues over Expenses

(10,693.53)

Total Liabilities and Fund Balances

(unaudited)

429,132.96

1

NOV 10,2009
2:06PM

Charleston Management Corp.
Harrington Grove HOA
Income Statement for October 31, 2009 (cash basis)
Current Month

Page

Year-to-Date

Amount

Budget

Budget vs
Actual $

7,008.50
673.42
0.00
0.00
30,427.00
0.00
0.00

0
0
583
100
68,255
0
33

7,008.50
673.42
(583.00)
(100.00)
(37,828.00)
0.00
(33.00)

5,445.83
7,353.98
0.00
1,105.00
285,954.82
0.00
505.00

0
0
5,833
1,000
273,020
5,509
333

5,445.83
0
7,353.98
0
(5,833.00)
7,000
105.00
1,200
12,934.82 273,020
(5,509.00)
5,509
172.00
400

38,108.92

68,971

(30,862.08)

300,364.63

285,695

14,669.63

Operating Expenses:
Administration
Easement-S&R Club

0.00

0

0.00

3,156.50

3,500

(343.50)

3,500

Totals for Administration

0.00

0

0.00

3,156.50

3,500

(343.50)

3,500

89.90
313.23

250
92

(160.10)
221.23

2,893.78
973.59

2,500
917

393.78
56.59

3,000
1,100

403.13

342

61.13

3,867.37

3,417

450.37

4,100

5,089.00
675.00
770.13

5,056
2,500
0

33.00
(1,825.00)
770.13

50,490.00
26,862.61
770.13

50,557
25,000
0

(67.00)
1,862.61
770.13

60,668
30,000
0

6,534.13

7,556

(1,021.87)

78,122.74

75,557

2,565.74

90,668

0.00
0.00

100
83

(100.00)
(83.00)

506.34
1,075.86

1,000
833

(493.66)
242.86

1,200
1,000

0.00

183

(183.00)

1,582.20

1,833

(250.80)

2,200

0.00
0.00
0.00
445.50
5,148.00
0.00

0
92
167
250
5,148
34

0.00
(92.00)
(167.00)
195.50
0.00
(34.00)

0.00
0.00
1,018.75
5,432.41
51,480.00
0.00

2,600
917
1,667
2,500
51,480
338

(2,600.00)
(917.00)
(648.25)
2,932.41
0.00
(338.00)

2,600
1,100
2,000
3,000
61,776
406

5,593.50

5,691

(97.50)

57,931.16

59,502

(1,570.84)

70,882

Revenues:
Accounts Receivable Adjustments
Interest Income
Late Fee Charge
Newsletter Ad Revenue
Owner Dues
Previous year gain
Violation Income
Total Revenues

Utilities
Electric
Water
Totals for Utilities
Grounds
Grounds Contract
Grounds Extra/Improvement
Grounds Non-Contract
Totals for Grounds
Maintenance
Fence maintenance
Sign Maintenance
Totals for Maintenance
Professional Fees
Accounting - CPA
Legal fees-ARC
Legal-Opinion
Legal/Collection Fees
Management Contract
Misc. Operating Reserve
Totals for Professional Fees

(unaudited)

Amount

Budget

Budget vs
Actual $

2

Annual
Budget

287,129

NOV 10,2009
2:06PM

Charleston Management Corp.
Harrington Grove HOA
Income Statement for October 31, 2009 (cash basis)
Current Month
Budget

Budget vs
Actual $

0.00
568.77

0
483

Totals for Taxes and Insurance

568.77

Recreation
Playground Equipment/Maintenance
Totals for Recreation
Miscellaneous Expense
Bad Debt
Community Action
Contingency
Newsletter
Postage
Printing
Rewards & Recognition
Security
Social
Vandalism
Website
Welcome Committee

Year-to-Date

3

Amount

Budget

Budget vs
Actual $

Annual
Budget

0.00
85.77

976.00
4,044.45

1,000
4,833

(24.00)
(788.55)

1,000
5,800

483

85.77

5,020.45

5,833

(812.55)

6,800

627.70

63

564.70

1,009.88

625

384.88

750

627.70

63

564.70

1,009.88

625

384.88

750

Amount
Taxes and Insurance
Income Taxes
Insurance

Page

0.00
0.00
30.00
0.00
118.71
2,937.21
0.00
6,450.00
(236.05)
215.47
257.40
0.00

125
192
0
500
625
667
42
4,829
500
83
67
250

(125.00)
(192.00)
30.00
(500.00)
(506.29)
2,270.21
(42.00)
1,621.00
(736.05)
132.47
190.40
(250.00)

999.56
2,272.94
(660.34)
2,466.13
4,847.79
10,812.74
0.00
50,070.80
3,930.49
869.57
707.40
0.00

1,250
1,917
0
5,000
6,250
6,667
417
48,291
5,000
833
667
2,500

(250.44)
355.94
(660.34)
(2,533.87)
(1,402.21)
4,145.74
(417.00)
1,779.80
(1,069.51)
36.57
40.40
(2,500.00)

1,500
2,300
0
6,000
7,500
8,000
500
57,949
6,000
1,000
800
3,000

9,772.74

7,880

1,892.74

76,317.08

78,792

(2,474.92)

94,549

Capital Contribution
Capital Reserve Contribution

1,140.00

1,140

0.00

11,400.00

11,400

0.00

13,680

Totals for Capital Contribution

1,140.00

1,140

0.00

11,400.00

11,400

0.00

13,680

Total Operating Expenses

24,639.97

23,338

1,301.97

238,407.38

240,459

Excess (Deficiency)
Operating Fund Revenues
Over Operating Fund Expenses

13,468.95

45,633

(32,164.05)

61,957.25

45,236

Totals for Miscellaneous Expense

(unaudited)

(2,051.62) 287,129

16,721.25

0

NOV 10,2009
2:06PM

Charleston Management Corp.
Harrington Grove HOA
Income Statement for October 31, 2009 (cash basis)
Current Month

Year-to-Date

Budget

Budget vs
Actual $

Amount

6,639.88
4,180.00
0.00
0.00

0
0
0
0

6,639.88
4,180.00
0.00
0.00

Totals for Capital Expenses

10,819.88

0

Total Capital Expenses

10,819.88

0

2,649.07

45,633

Amount
Capital Expenses:
Capital Expenses
Capital - Fence Replacement/Repairs
Capital-Landscaping
Capital-Playgrnd Equip/Improvements
Capital-Signs Expense

Excess (Deficiency)
Operating Fund Revenues
Over All Expenses

Page

4

Budget

Budget vs
Actual $

Annual
Budget

55,904.14
8,500.00
6,385.00
1,861.64

0
0
0
0

55,904.14
8,500.00
6,385.00
1,861.64

0
0
0
0

10,819.88

72,650.78

0

72,650.78

0

10,819.88

72,650.78

0

72,650.78

0

(42,983.93)

(10,693.53)

(55,929.53)

0

(unaudited)

45,236