August 2010 Finance Report

Aug 31, 10
ASSETS
Current Assets
Checking/Savings
1002 · BofA Operations Chking 0345 6,192.98
1010 · MONEY MARKET - SAVINGS
1016 · Money Mkt. 150,777.05
1020 · Great Western C D 201,313.31
1021 · B of A Risk Free C D 25,588.74
Total 1010 · MONEY MARKET - SAVINGS 377,679.10
1040 · CHANGE FUND ACCOUNTS
1042 · Business Office 500.00
1055 · Welcome Center Fund-Petty Cash 250.00
Total 1040 · CHANGE FUND ACCOUNTS 750.00
Total Checking/Savings 384,622.08
Accounts Receivable
1200 · Accounts Receivable 3,641.43
Total Accounts Receivable 3,641.43
Total Current Assets 388,263.51
TOTAL ASSETS 388,263.51
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
2100 · Payroll Liabilities
2103 · Federal Unemployment 380.68
2110 · State AZ - Witholding 350.68
2111 · State AZ Unemployment 281.43
2112 · State AZ Job Training Tax 4.60
Total 2100 · Payroll Liabilities 1,017.39
2300 · Short Term Libilities
2301 · Member Prepay 1,025.00
Total 2300 · Short Term Libilities 1,025.00
Total Other Current Liabilities 2,042.39
Total Current Liabilities 2,042.39
Long Term Liabilities
2400 · RESTRICTED LIABILITIES
1012 · 1012 Capital Improvment 148,298.87
1014 · 1014 Contingency Account 77,196.20
1017 · Park Improvements-Comm. Complex 29,394.31
Total 2400 · RESTRICTED LIABILITIES 254,889.38
Total Long Term Liabilities 254,889.38
Total Liabilities 256,931.77
Equity
3000 · Opening Bal Equity 22,608.64
3900 · Retained Earnings -175.79
Net Income 108,898.89
Total Equity 131,331.74
TOTAL LIABILITIES & EQUITY 388,263.51
     
Jan - Aug 10 Budget
Ordinary Income/Expense
Income
3525 · Operating Cash Carry Over 0.00 22,608.64
4030 · SHAREHOLDER
4032 · Shareholder Asses. 480@$925 441,140.00 444,000.00
4034 · Less Frz. Dues, No Asses. 0.00 -2,860.00
4038 · Transfer to Contingencies -15,000.00 -15,000.00
4039 · Transfer to Capilal Reserve -10,000.00 -10,000.00
Total 4030 · SHAREHOLDER 416,140.00 416,140.00
4040 · OPERATIONAL  INCOME
4010 · Activities/Entertainment Inc 4,473.46 7,000.00
4015 · Gate Cards & Mail Keys -690.00
4041 · Rental Income Daily and Weekly 11,315.20 30,000.00
4042 · Rental Income Monthly 14,910.00
4043 · Rental Storage 6,186.10 9,000.00
4044 · Rental Vendor Room 931.00 500.00
4045 · Resale & Vendor Commissions Inc 4,236.05 5,000.00
4046 · Resale - Clickers 228.00 180.00
4050 · Office Income 2,055.77 3,000.00
4054 · Investment Interest 513.71
4055 · Interest & Late Fees Inc 1,054.90 2,500.00
4060 · Kitchen Receipts 13,014.70 17,500.00
4065 · Laundry 7,972.76 9,000.00
4070 · Propane Sales 14,071.56 15,000.00
4085 · Transfer/Inspection Fees Inc 2,501.48 2,000.00
4115 · Bingo 486.64 750.00
4120 · Memberships 22.00
4155 · Reimbursements to Co-op 4,033.24 2,500.00
4180 · Over/Short Cash 100.14  
Total 4040 · OPERATIONAL  INCOME 87,416.71 103,930.00
Total Income 503,556.71 542,678.64
Gross Profit 503,556.71 542,678.64
Expense
6000 · COOP. OPERATIONAL EXPENSES
6005 · Accountant / CPA Fees 2,395.00 3,000.00
6007 · Administrative committee 27.35 300.00
6010 · Advertising & Marketing 2,664.90 3,000.00
6011 · Ambassadors 142.83 400.00
6012 · Architectural Committee 731.89 1,235.00
6015 · Autos & Mileage Exp 994.70 1,500.00
6020 · Bank Svc/Finance Charges 1,071.74 2,000.00
6022 · Board/Annual Meetings 896.13 3,000.00
6025 · Fire Department 3,096.71 3,500.00
6035 · Licenses & Permits 1,111.21 3,800.00
6045 · Entertainment Exp 1,622.41 5,000.00
6047 · Finance Committee 79.42 300.00
6050 · Kitchen Supplies/Food Purchases 4,711.33 9,670.00
6055 · Legal / Attorney Fees 1,408.00 12,000.00
6065 · Miscellaneous Expenses 82.06 608.64
6070 · Payroll Taxes Federal / FICA 6,619.06 9,117.00
6080 · Payroll-Worker Comp Insurance 4,779.00 2,400.00
6085 · Payroll Taxes-Fed Unemplymt 380.68 553.00
6090 · Payroll Taxes-AZ Unemployment 856.49 2,000.00
6095 · Office Exp & Eqt 3,604.81 10,700.00
6100 · Propane Purchases 10,823.43 12,000.00
6102 · Property Committee 103.68 300.00
6105 · Property Insurance 11,018.96 16,000.00
6111 · Medical 1,838.62 3,400.00
6112 · Safety & Security 226.88 2,300.00
6115 · Salary - Activity Director 4,200.00 8,400.00
6120 · Salary - Housekeeping 6,000.00 9,600.00
6125 · Salary - Kitchen 4,695.83 6,125.00
6130 · Salary - Maintenance 23,893.51 33,000.00
6135 · Salary - Manager 31,000.00 46,500.00
6140 · Salary - Mail Handling 4,690.00 7,020.00
6143 · Salary - Bookkeeper 8,666.64 13,000.00
6146 · Salary-Welcome Center 3,377.25 7,560.00
6150 · Sales Tax (Food, Propane) 2,526.72 3,500.00
6152 · Resale & Vendor Commissions Exp 3,709.59 2,000.00
6153 · Resale - Clickers 13.03
6159 · Supplies - Activity Office 839.30 2,500.00
6160 · Supplies - Buildings 1,652.17 5,000.00
6167 · Supplies Post Office 3.40 800.00
6168 · Supplies - Welcome Center 974.77 625.00
6175 · Taxes - Real Estate 10,911.20 22,900.00
6180 · Taxes - State Income 45.00 45.00
6192 · Payroll Taxes-Az. Job Training 47.59 70.00
6196 · Electric Rental Lot Exp 3,345.79 4,000.00
6200 · Utilities - Electric 17,340.57 27,000.00
6205 · Utilities - Natural Gas 10,352.47 17,000.00
6210 · Utilities - Telephone 4,338.95 5,300.00
6215 · Utilities - Trash 8,884.37 16,000.00
6220 · Utilities - Water 15,326.63 25,000.00
6222 · Utilities - Sewer 74,400.00 111,600.00
6225 · Volunteer Appreciation Exp 434.39 250.00
6300 · Park Maintenance
6320 · Coop Equipment/Tractor Etc. 1,597.16 4,800.00
6325 · Dry Well & Septic Service 15,129.34 8,000.00
6330 · Bldg & Grounds Maintenance 19,286.00 36,000.00
6331 · Maintenance Tools 1,549.50 2,000.00
6335 · Pool/Solar System 13,342.12 9,000.00
6342 · Sunscape Survey 24,874.48  
Total 6300 · Park Maintenance 75,778.60 59,800.00
6501 · Pickup truck 15,573.10  
Total 6000 · COOP. OPERATIONAL EXPENSES 394,308.16 542,678.64
7081 · Earned Income Alocation 349.66  
Total Expense 394,657.82 542,678.64
Net Ordinary Income 108,898.89 0.00
Net Income 108,898.89 0.00