Page: 1

Fallwood HOA
Balance Sheet
As of 04/30/14
Account

Description

Operating

Reserves

Other

Totals

ASSETS
1009

Checking-Operating

1209

MMA-Reserve
TOTAL ASSETS

30,178.31

30,178.31
18,444.67

18,444.67

_______________

_______________

_______________

30,178.31

18,444.67

.00

_______________
48,622.98

=============== ===============

===============

===============

LIABILITIES & EQUITY

CURRENT LIABILITIES:
3310

Prepaid Owner Assessments

Subtotal Current Liab.

25.00

25.00

_______________

_______________

_______________

_______________

25.00

.00

.00

25.00

RESERVES:
5200

Reserve Contributions

5300

Reserve - Interest

5400

Retained - Capital Reserve

5445

Reserve-Ft.Ent. Improvements
Subtotal Reserves

5,000.00

5,000.00

11.30

11.30

18,750.39

18,750.39

(5,317.02)

(5,317.02)

_______________

_______________

_______________

_______________

.00

18,444.67

.00

18,444.67

EQUITY:
5510

Retained Earnings
Current Year Net Income/(Loss)

2,056.88

2,056.88

28,096.43

.00

.00

28,096.43

_______________

_______________

_______________

_______________

Subtotal Equity

30,153.31

.00

.00

30,153.31

TOTAL LIABILITIES & EQUITY

30,178.31

18,444.67

.00

48,622.98

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===============

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Page: 1

Fallwood HOA
Income/Expense Statement
Period: 04/01/14 to 04/30/14
Current Period
Account

Description

Year-To-Date

Yearly

Actual

Budget

Variance

Actual

Budget

Variance

Budget

5,000.00

.00

5,000.00

41,500.00

46,400.00

(4,900.00)

46,400.00

INCOME:
06310

Association Assessments

06315

Initiation Fee Income

.00

.00

.00

.00

1,425.00

(1,425.00)

2,850.00

06360

Misc Owner Income

29.95

.00

29.95

29.95

.00

29.95

.00

06440

Checking-Interest Income

2.40

.00

2.40

7.67

.00

7.67

.00

06450

MMA-Reserve Interest Income

2.93

.00

2.93

11.30

.00

11.30

.00

______________
______________
______________
______________
______________
______________ ______________
Subtotal Income

5,035.28

.00

5,035.28

41,548.92

47,825.00

(6,276.08)

49,250.00

EXPENSES
ADMINISTRATIVE
07010

Management Contract

500.00

500.00

.00

2,000.00

2,000.00

.00

6,000.00

07140
07160

CPA / Tax / Accounting Servic

.00

.00

.00

225.00

225.00

.00

225.00

Legal Fees

.00

.00

.00

.00

.00

.00

07260

Other Expenses - Misc G&A

650.00

20.00

33.33

13.33

93.12

133.32

40.20

400.00

07270

Postage

07280

Insurance

07350

Property Tax

07820
07960

.00

20.83

20.83

142.31

83.32

(58.99)

250.00

(142.00)

.00

142.00

1,446.00

1,726.00

280.00

2,242.00

.00

.00

.00

.00

.00

.00

200.00

Annual Corp Registration

30.00

.00

(30.00)

30.00

.00

(30.00)

.00

Social

75.22

.00

(75.22)

75.22

.00

(75.22)

300.00

______________
______________
______________
______________
______________
______________ ______________
ADMINISTRATIVE

483.22

554.16

70.94

4,011.65

4,167.64

155.99

10,267.00

UTILITIES
08120

Electricity-entrance

23.33

30.00

6.67

135.08

120.00

(15.08)

360.00

08130

Electric - Pool

105.64

150.00

44.36

219.33

500.00

280.67

3,700.00

08140

Water Irr 7351

15.00

20.00

5.00

60.00

80.00

20.00

1,500.00

08150

Water-Pool 4172

22.00

20.00

(2.00)

96.25

80.00

(16.25)

650.00

______________
______________
______________
______________
______________
______________ ______________
UTILITIES

165.97

220.00

54.03

510.66

780.00

269.34

6,210.00

5,604.00

LANDSCAPING
08310

Landscape Contract

490.00

467.00

(23.00)

1,937.00

1,868.00

(69.00)

08315

Landscape Chemicals

.00

.00

.00

.00

.00

.00

350.00

08320

Flowers & Pinestraw

.00

.00

.00

1,880.00

1,800.00

(80.00)

5,000.00

08340

Repair & Maintenance

.00

.00

.00

462.64

130.00

(332.64)

130.00

______________
______________
______________
______________
______________
______________ ______________
LANDSCAPING

490.00

467.00

(23.00)

4,279.64

3,798.00

(481.64)

11,084.00

Page: 2

Fallwood HOA
Income/Expense Statement
Period: 04/01/14 to 04/30/14
Year-To-Date

Yearly

Description

Actual

Current Period
Budget

Variance

Actual

Budget

Variance

Budget

08510

Pool Service Contract

786.00

786.00

.00

1,048.00

1,834.00

786.00

5,240.00

08520

Pool Supplies

.00

.00

.00

.00

.00

.00

800.00

08530

Pool Telephone

.00

.00

.00

.00

.00

.00

265.00

08540

Pool Repair and Maintenance

.00

.00

.00

1,475.00

1,475.00

.00

2,000.00

08550

Pool Permit

.00

.00

.00

270.00

260.00

(10.00)

260.00

Account
POOL

______________
______________
______________
______________
______________
______________ ______________
POOL

786.00

786.00

.00

2,793.00

3,569.00

776.00

8,565.00

1,800.94

.00

(1,800.94)

1,800.94

330.00

(1,470.94)

900.00

.00

.00

.00

.00

.00

.00

1,000.00

POOLHOUSE
09010

Repair and Maintenance

09040

Maintenance - Special

______________
______________
______________
______________
______________
______________ ______________
POOLHOUSE

1,800.94

.00

(1,800.94)

1,800.94

330.00

(1,470.94)

1,900.00

45.30

.00

(45.30)

45.30

.00

(45.30)

1,370.00

.00

.00

.00

.00

.00

.00

6,500.00

COMMON FENCE
09210

Repair & Maintenance

09240

Painting

______________
______________
______________
______________
______________
______________ ______________
COMMON FENCE

45.30

.00

(45.30)

45.30

.00

(45.30)

7,870.00

09410

Reserve Contribution

.00

.00

.00

.00

.00

.00

504.00

09420

Initiation Fees to Reserves

09450

Reserve Interest

RESERVE
.00

.00

.00

.00

.00

.00

2,850.00

2.93

.00

(2.93)

11.30

.00

(11.30)

.00

______________
______________
______________
______________
______________
______________ ______________
RESERVE

2.93

.00

(2.93)

11.30

.00

(11.30)

3,354.00

TOTAL EXPENSES

3,774.36

2,027.16

(1,747.20)

13,452.49

12,644.64

(807.85)

49,250.00

Current Year Net Income/(loss

1,260.92

(2,027.16)

3,288.08

28,096.43

35,180.36

(7,083.93)

.00

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