08/29/2017 Mountain Side Homeowner's Association Budget Variance Report For Period Ending 12/31/2016 Level of Detail - Account

Transcription

1 Page 1 Budget Variance Report Dec Act Dec Bud Dec Var Account YTD Actual YTD Budget YTD Var Tot Budget REVENUE INCOME 12,600 12,600 0 CONDO ASSESSMENTS 151, , , VENDING INCOME 5,848 4, , OTHER INCOME LATE FEES INCOME LATE FEES INTEREST INCOME FINES/VIOLATIONS INCOME LIEN FILING FEE TRASH REVENUES 9,164 9, ,840 5,355 5,355 0 LOT DUES 64,260 64, , CLUBHOUSE RENTAL ,427 19, TOTAL INCOME 232, ,165 2, ,165 19,427 19, TOTAL REVENUE 232, ,165 2, ,165 EXPENSES ADMINISTRATIVE EXPENSES 3,822 3,822 0 MANAGEMENT CONTRACT 45,864 45, ,864 3, ,666 INSURANCE 8,783 11,800 3,017 11, LEGAL & ACCOUNTING 6,370 5, , MEETING EXPENSE 1,704 4,080 2,376 4, PROPERTY TAX EXPENSE ADMINISTRATIVE EXPENSE 2,340 3,756 1,416 3, SUPPLIES 1,721 3,744 2,023 3, DEPRECIATION EXPENSE WEB SITE DEVELOPMENT OPERATING CONTINGENCY 0 3,565 3,565 3,565 9,430 5,085-4,345 TOTAL ADMINISTRATIVE EXPENSES 68,823 78,588 9,765 78,588 BUILDING MAINTENANCE 2, ,773 REPAIR & MAINTENANCE 8,349 9,396 1,047 9, FIRE ALARM MAINTENANCE 1,992 1, ,848 2, ,718 TOTAL BUILDING MAINTENANCE 10,341 11, ,244 GROUNDS MAINTENANCE GROUNDS/COMMON AREA MAINTENANCE 871 1, , TRASH REIMBURSEMENT TO CONDO 10,080 9, , ROOF SNOW/ICE REMOVAL TOTAL GROUNDS MAINTENANCE 11,402 11, ,936 RECREATION FACILITIES POOL 55 2,544 2,489 2,544 1, POOL CHEMICALS 1,083 2,738 1,655 2, HOT TUB / SAUNA 2,866 2, ,568 1, ,058 HOT TUB CHEMICALS 1,651 2, ,457 2, ,498 TOTAL RECREATION FACILITIES 5,655 10,307 4,652 10,307 UTILITIES 2,960 2, UTILITIES 27,955 31,202 3,247 31, WATER 2,706 2, ,045

2 Page 2 Budget Variance Report Dec Act Dec Bud Dec Var Account YTD Actual YTD Budget YTD Var Tot Budget SEWER 1,471 1, ,520 3,152 2, TOTAL UTILITIES 32,132 34,767 2,635 34,767 EMPLOYEE EXPENSE RESIDENT MANAGER UNIT EXPENSE TOTAL EMPLOYEE EXPENSE RESERVE ADDITIONS 6,033 6,033 0 TRANSFERS TO RESERVES 72,396 72, ,396 6,033 6,033 0 TOTAL RESERVE ADDITIONS 72,396 72, ,396 24,380 16,706-7,674 TOTAL EXPENSES 200, ,634 18, ,634-4,953 2,475-7,428 NET OPERATING INCOME 31,839 10,531 21,308 10, INTEREST - RESERVES , ,033 TRANSFERS FROM OPERATING 72, , , ,098 TOTAL 72, , , ,098 TOTAL 72, , , ,080 RES EXP-CONCRETE 2, , , ,176 RES EXP-FURNACE 2, , RES EXP-DECK RESURFACE RES EXP-HOT TUB COVER 2, , RES EXP-LANDSCAPING & TREES 2, , RES EXP-SIDING REPLACE/REPAIR RES EXP-UTILITY ROOM FLOOR 1, , , ,904 TOTAL 13, , , ,904 TOTAL 13, , ,049 2,475 2,574 NET INCOME 91,628 10,531 81,097 10,531

3 Page 1 BALANCE SHEET ASSETS Account As Of 12/31/2016 CURRENT ASSETS OPER CHKG - PACIFIC PREMIER 70, VISA DEBIT - PACIFIC PREMIER RESERVES - PACIFIC PREMIER 218, ACCOUNTS RECEIVABLE 1, OTHER RECEIVABLES - MSC 7, TOTAL CURRENT ASSETS 298, FIXED ASSETS CLUBHOUSE FURNITURE 9, ACCUMULATED DEPRECIATION (7,837.61) TOTAL FIXED ASSETS 1, OTHER ASSETS PREPAID INSURANCE 7, DUE FROM OPERATING 5, TOTAL OTHER ASSETS 13, TOTAL ASSETS 313, LIABILITIES CURRENT LIABILITIES ACCOUNTS PAYABLE 10, PREPAID ASSESSMENTS 2, OTHER PAYABLES DUE TO RESERVES 5, TOTAL CURRENT LIABILITIES 18, TOTAL LIABILITIES 18, EQUITY CAPITAL OPERATING FUND EQUITY 3, WORKING CAPITAL FUND 34, RESERVE FUND EQUITY 164, TOTAL CAPITAL 203, Current Year Net Income 91, TOTAL EQUITY 294, TOTAL LIABILITIES & EQUITY 313,838.90

4 Mountain Side Homeowners Association Financial Statement Summary by Fund as of 12/31/16 Operating Reserve Total REVENUE ASSESSMENTS 151, , LOT DUES 64, , OTHER INCOME 17, , TOTAL REVENUE 232, , EXPENSES ADMINISTRATIVE EXPENSES 68, , BUILDING MAINTENANCE 10, , GROUNDS MAINTENANCE 11, , RECREATIONAL FACILITIES 5, , UTILITIES 32, , EMPLOYEE EXPENSE TRANSFERS TO RESERVES 72, , TOTAL EXPENSES 200, , NET OPERATING INCOME 31, , , , , , NET INCOME 31, , , ASSETS CURRENT ASSETS 79, , , FIXED ASSETS 1, , OTHER ASSETS 7, , INTERFUND BALANCE 5, , TOTAL ASSETS 89, , , LIABILITIES PREPAID ASSESSMENTS 2, , ACCOUNTS PAYABLE & ACCRUED EXPENSES 10, , INTERFUND BALANCE 5, , TOTAL LIABILITIES 18, , EQUITY EQUITY 38, , , CURRENT YEAR NET INCOME 31, , , TOTAL EQUITY 70, , , TOTAL LIABILITIES AND EQUITY 89, , ,838.90

5 Page 1 Income Statement REVENUE Account Dec Act YTD Actual INCOME CONDO ASSESSMENTS 12, , VENDING INCOME , OTHER INCOME LATE FEES INCOME LATE FEES INTEREST INCOME FINES/VIOLATIONS INCOME LIEN FILING FEE TRASH REVENUES , LOT DUES 5, , CLUBHOUSE RENTAL TOTAL INCOME 19, , TOTAL REVENUE 19, , EXPENSES ADMINISTRATIVE EXPENSES MANAGEMENT CONTRACT 3, , INSURANCE 3, , LEGAL & ACCOUNTING , MEETING EXPENSE , PROPERTY TAX EXPENSE ADMINISTRATIVE EXPENSE , SUPPLIES , DEPRECIATION EXPENSE WEB SITE DEVELOPMENT OPERATING CONTINGENCY TOTAL ADMINISTRATIVE EXPENSES 9, , BUILDING MAINTENANCE REPAIR & MAINTENANCE 2, , FIRE ALARM MAINTENANCE , TOTAL BUILDING MAINTENANCE 2, , GROUNDS MAINTENANCE GROUNDS/COMMON AREA MAINTENANCE TRASH REIMBURSEMENT TO CONDO , ROOF SNOW/ICE REMOVAL TOTAL GROUNDS MAINTENANCE , RECREATION FACILITIES POOL POOL CHEMICALS 1, , HOT TUB / SAUNA , HOT TUB CHEMICALS 1, , TOTAL RECREATION FACILITIES 2, , UTILITIES UTILITIES 2, , WATER ,705.63

6 Page 2 Income Statement Account Dec Act YTD Actual SEWER , TOTAL UTILITIES 3, , EMPLOYEE EXPENSE RESIDENT MANAGER UNIT EXPENSE TOTAL EMPLOYEE EXPENSE RESERVE ADDITIONS TRANSFERS TO RESERVES 6, , TOTAL RESERVE ADDITIONS 6, , TOTAL EXPENSES 24, , NET OPERATING INCOME -4, , INTEREST - RESERVES TRANSFERS FROM OPERATING 6, , TOTAL 6, , TOTAL 6, , RES EXP-CONCRETE -6, , RES EXP-FURNACE 2, , RES EXP-DECK RESURFACE RES EXP-HOT TUB COVER , RES EXP-LANDSCAPING & TREES , RES EXP-SIDING REPLACE/REPAIR RES EXP-UTILITY ROOM FLOOR , TOTAL -3, , TOTAL -3, , NET INCOME 5, ,629.10