Page: 1

Fallwood HOA
Balance Sheet
As of 05/31/14
Account

Description

Operating

Reserves

Other

Totals

ASSETS
1009

Checking-Operating

1209

MMA-Reserve
TOTAL ASSETS

31,062.68

31,062.68
16,976.20

16,976.20

_______________

_______________

_______________

31,062.68

16,976.20

.00

_______________
48,038.88

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

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

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

LIABILITIES & EQUITY

CURRENT LIABILITIES:
3310

Prepaid Owner Assessments

Subtotal Current Liab.

96.00

96.00

_______________

_______________

_______________

_______________

96.00

.00

.00

96.00

RESERVES:
5200

Reserve Contributions

5300

Reserve - Interest

13.81

13.81

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

16,976.20

.00

16,976.20

28,909.80

.00

.00

28,909.80

_______________

_______________

_______________

_______________

30,966.68

.00

.00

30,966.68

31,062.68

16,976.20

.00

48,038.88

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

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

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

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: 05/01/14 to 05/31/14
Current Period
Account

Description

Year-To-Date

Yearly

Actual

Budget

Variance

Actual

Budget

Variance

Budget

2,500.00

.00

2,500.00

44,000.00

46,400.00

(2,400.00)

46,400.00

INCOME:
06310

Association Assessments

06315

Initiation Fee Income

06340

Late Fee Income

06360

Misc Owner Income

06440
06450

.00

.00

.00

.00

1,425.00

(1,425.00)

2,850.00

240.00

.00

240.00

240.00

.00

240.00

.00

.00

.00

.00

29.95

.00

29.95

.00

Checking-Interest Income

2.26

.00

2.26

9.93

.00

9.93

.00

MMA-Reserve Interest Income

2.51

.00

2.51

13.81

.00

13.81

.00

______________
______________
______________
______________
______________
______________ ______________
Subtotal Income

2,744.77

.00

2,744.77

44,293.69

47,825.00

(3,531.31)

49,250.00

EXPENSES
ADMINISTRATIVE
07010

Management Contract

500.00

500.00

.00

2,500.00

2,500.00

.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

400.00

07270

Postage

07280

20.00

33.33

13.33

113.12

166.65

53.53

5.22

20.83

15.61

147.53

104.15

(43.38)

250.00

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

.00

.00

75.22

.00

(75.22)

300.00

______________
______________
______________
______________
______________
______________ ______________
ADMINISTRATIVE

525.22

554.16

28.94

4,536.87

4,721.80

184.93

10,267.00

25.26

30.00

4.74

160.34

150.00

(10.34)

360.00

UTILITIES
08120

Electricity-entrance

08130

Electric - Pool

131.81

450.00

318.19

351.14

950.00

598.86

3,700.00

08140

Water Irr 7351

70.00

300.00

230.00

130.00

380.00

250.00

1,500.00

08150

Water-Pool 4172

.00

200.00

200.00

96.25

280.00

183.75

650.00

______________
______________
______________
______________
______________
______________ ______________
UTILITIES

227.07

980.00

752.93

737.73

1,760.00

1,022.27

6,210.00

490.00

467.00

(23.00)

2,427.00

2,335.00

(92.00)

5,604.00

.00

.00

.00

.00

.00

.00

350.00

160.00

700.00

540.00

2,040.00

2,500.00

460.00

5,000.00

.00

.00

.00

462.64

130.00

(332.64)

130.00

LANDSCAPING
08310

Landscape Contract

08315

Landscape Chemicals

08320

Flowers & Pinestraw

08340

Repair & Maintenance

______________
______________
______________
______________
______________
______________ ______________
LANDSCAPING

650.00

1,167.00

517.00

4,929.64

4,965.00

35.36

11,084.00

Page: 2

Fallwood HOA
Income/Expense Statement
Period: 05/01/14 to 05/31/14
Current Period
Account

Description

Year-To-Date

Yearly

Actual

Budget

Variance

Actual

Budget

Variance

Budget

POOL
08510

Pool Service Contract

08520

Pool Supplies

08530

Pool Telephone

08540

Pool Repair and Maintenance

08550

Pool Permit

.00

786.00

786.00

1,048.00

2,620.00

1,572.00

5,240.00

42.29

400.00

357.71

42.29

400.00

357.71

800.00

418.80

45.00

(373.80)

418.80

45.00

(373.80)

265.00

65.51

.00

(65.51)

1,540.51

1,475.00

(65.51)

2,000.00

.00

.00

.00

270.00

260.00

(10.00)

260.00

______________
______________
______________
______________
______________
______________ ______________
POOL

526.60

1,231.00

704.40

3,319.60

4,800.00

1,480.40

8,565.00

POOLHOUSE
09010

Repair and Maintenance

.00

.00

.00

1,800.94

330.00

(1,470.94)

900.00

09040

Maintenance - Special

.00

.00

.00

.00

.00

.00

1,000.00

______________
______________
______________
______________
______________
______________ ______________
POOLHOUSE

.00

.00

.00

1,800.94

330.00

(1,470.94)

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

2.51

.00

(2.51)

13.81

.00

(13.81)

.00

RESERVE

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

2.51

.00

(2.51)

13.81

.00

(13.81)

3,354.00

1,931.40

3,932.16

2,000.76

15,383.89

16,576.80

1,192.91

49,250.00

813.37

(3,932.16)

4,745.53

28,909.80

31,248.20

(2,338.40)

.00

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