Page: 1

Fallwood HOA
Balance Sheet
As of 06/30/14
Account

Description

Operating

Reserves

Other

Totals

ASSETS
1009

Checking-Operating

1209

MMA-Reserve
TOTAL ASSETS

26,595.89

26,595.89
16,978.42

16,978.42

_______________

_______________

_______________

26,595.89

16,978.42

.00

_______________
43,574.31

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

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

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

LIABILITIES & EQUITY

CURRENT LIABILITIES:
3310

Prepaid Owner Assessments

Subtotal Current Liab.

167.00

167.00

_______________

_______________

_______________

_______________

167.00

.00

.00

167.00

RESERVES:
5200

Reserve Contributions

5300

Reserve - Interest

16.03

16.03

5400

Retained - Capital Reserve

18,750.39

18,750.39

5430

Reserve- Pool Furniture

(1,081.04)

(1,081.04)

5445

Reserve-Ft.Ent. Improvements

(5,706.96)

Subtotal Reserves

5,000.00

5,000.00

(5,706.96)

_______________

_______________

_______________

_______________

.00

16,978.42

.00

16,978.42

24,372.01

.00

.00

24,372.01

_______________

_______________

_______________

_______________

26,428.89

.00

.00

26,428.89

26,595.89

16,978.42

.00

43,574.31

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

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

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

EQUITY:
5510

Retained Earnings
Current Year Net Income/(Loss)
Subtotal Equity
TOTAL LIABILITIES & EQUITY

2,056.88

2,056.88

Page: 1

Fallwood HOA
Income/Expense Statement
Period: 06/01/14 to 06/30/14
Current Period
Account

Description

Year-To-Date

Yearly

Actual

Budget

Variance

Actual

Budget

Variance

Budget

800.00

.00

800.00

44,800.00

46,400.00

(1,600.00)

46,400.00

INCOME:
06310

Association Assessments

06315

Initiation Fee Income

06340

Late Fee Income

06360

Misc Owner Income

06440
06450

.00

712.50

(712.50)

.00

2,137.50

(2,137.50)

2,850.00

80.00

.00

80.00

320.00

.00

320.00

.00

.00

.00

.00

29.95

.00

29.95

.00

Checking-Interest Income

2.42

.00

2.42

12.35

.00

12.35

.00

MMA-Reserve Interest Income

2.22

.00

2.22

16.03

.00

16.03

.00

______________
______________
______________
______________
______________
______________ ______________
Subtotal Income

884.64

712.50

172.14

45,178.33

48,537.50

(3,359.17)

49,250.00

EXPENSES
ADMINISTRATIVE
07010

Management Contract

500.00

500.00

.00

3,000.00

3,000.00

.00

6,000.00

07140

CPA / Tax / Accounting Servic

.00

.00

.00

225.00

225.00

.00

225.00

07160

Legal Fees

.00

.00

.00

.00

.00

.00

650.00

07260

Other Expenses - Misc G&A

137.53

33.33

(104.20)

250.65

199.98

(50.67)

400.00

07270

Postage

24.87

20.83

(4.04)

172.40

124.98

(47.42)

250.00

07280

Insurance

.00

.00

.00

1,446.00

1,726.00

280.00

2,242.00

07350

Property Tax

.00

.00

.00

.00

.00

.00

200.00

07820

Annual Corp Registration

.00

.00

.00

30.00

.00

(30.00)

.00

07960

Social

.00

100.00

100.00

75.22

100.00

24.78

300.00

______________
______________
______________
______________
______________
______________ ______________
ADMINISTRATIVE

662.40

654.16

(8.24)

5,199.27

5,375.96

176.69

10,267.00

23.46

30.00

6.54

183.80

180.00

(3.80)

360.00

UTILITIES
08120

Electricity-entrance

08130

Electric - Pool

528.15

600.00

71.85

879.29

1,550.00

670.71

3,700.00

08140

Water Irr 7351

160.35

300.00

139.65

290.35

680.00

389.65

1,500.00

08150

Water-Pool 4172

63.25

100.00

36.75

159.50

380.00

220.50

650.00

______________
______________
______________
______________
______________
______________ ______________
UTILITIES

775.21

1,030.00

254.79

1,512.94

2,790.00

1,277.06

6,210.00

490.00

467.00

(23.00)

2,917.00

2,802.00

(115.00)

5,604.00

55.00

55.00

.00

55.00

55.00

.00

350.00

.00

.00

.00

2,040.00

2,500.00

460.00

5,000.00

2,225.00

.00

(2,225.00)

2,687.64

130.00

(2,557.64)

130.00

LANDSCAPING
08310

Landscape Contract

08315

Landscape Chemicals

08320

Flowers & Pinestraw

08340

Repair & Maintenance

______________
______________
______________
______________
______________
______________ ______________
LANDSCAPING

2,770.00

522.00

(2,248.00)

7,699.64

5,487.00

(2,212.64)

11,084.00

Page: 2

Fallwood HOA
Income/Expense Statement
Period: 06/01/14 to 06/30/14
Year-To-Date

Yearly

Description

Actual

Current Period
Budget

Variance

Actual

Budget

Variance

Budget

08510

Pool Service Contract

.00

786.00

786.00

1,048.00

3,406.00

2,358.00

5,240.00

08520

Pool Supplies

.00

200.00

200.00

42.29

600.00

557.71

800.00

08530

Pool Telephone

.00

45.00

45.00

418.80

90.00

(328.80)

265.00

08540

Pool Repair and Maintenance

61.48

.00

(61.48)

1,601.99

1,475.00

(126.99)

2,000.00

08550

Pool Permit

.00

.00

.00

270.00

260.00

(10.00)

260.00

Account

POOL

______________
______________
______________
______________
______________
______________ ______________
POOL

61.48

1,031.00

969.52

3,381.08

5,831.00

2,449.92

8,565.00

1,151.12

.00

(1,151.12)

2,952.06

330.00

(2,622.06)

900.00

.00

.00

.00

.00

.00

.00

1,000.00

POOLHOUSE
09010

Repair and Maintenance

09040

Maintenance - Special

______________
______________
______________
______________
______________
______________ ______________
POOLHOUSE

1,151.12

.00

(1,151.12)

2,952.06

330.00

(2,622.06)

1,900.00

COMMON FENCE
09210

Repair & Maintenance

.00

.00

.00

45.30

.00

(45.30)

1,370.00

09240

Painting

.00

.00

.00

.00

.00

.00

6,500.00

______________
______________
______________
______________
______________
______________ ______________
COMMON FENCE

.00

.00

.00

45.30

.00

(45.30)

7,870.00

09410

Reserve Contribution

.00

.00

.00

.00

.00

.00

504.00

09420

Initiation Fees to Reserves

.00

.00

.00

.00

.00

.00

2,850.00

09450

Reserve Interest

2.22

.00

(2.22)

16.03

.00

(16.03)

.00

RESERVE

______________
______________
______________
______________
______________
______________ ______________
RESERVE
TOTAL EXPENSES
Current Year Net Income/(loss

2.22

.00

(2.22)

16.03

.00

(16.03)

3,354.00

5,422.43

3,237.16

(2,185.27)

20,806.32

19,813.96

(992.36)

49,250.00

(4,537.79)

(2,524.66)

(2,013.13)

24,372.01

28,723.54

(4,351.53)

.00

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