Page: 1

Fallwood HOA
Balance Sheet
As of 11/30/14
Account

Description

Operating

Reserves

Other

Totals

ASSETS
1009

Checking-Operating

1209

MMA-Reserve
TOTAL ASSETS

12,242.16

12,242.16
19,784.31

19,784.31

_______________

_______________

_______________

12,242.16

19,784.31

.00

_______________
32,026.47

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

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

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

LIABILITIES & EQUITY

CURRENT LIABILITIES:
3310

Prepaid Owner Assessments

Subtotal Current Liab.

3,722.00

3,722.00

_______________

_______________

_______________

_______________

3,722.00

.00

.00

3,722.00

RESERVES:
5100

Initiation Fees / Capital

5,700.00

5,700.00

5200

Reserve Contributions

5,000.00

5,000.00

5300

Reserve - Interest

27.04

27.04

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)

(5,706.96)

5450

Reserve-Pool House Painting

(2,737.00)

(2,737.00)

5451

Reserve-Parking lot

(2,225.00)

Subtotal Reserves

(2,225.00)

_______________

_______________

_______________

_______________

.00

17,727.43

.00

17,727.43

EQUITY:
5510

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

2,056.88

2,056.88

8,520.16

.00

.00

8,520.16

_______________

_______________

_______________

_______________

8,520.16

2,056.88

.00

10,577.04

12,242.16

19,784.31

.00

32,026.47

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

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Page: 1

Fallwood HOA
Income/Expense Statement
Period: 11/01/14 to 11/30/14
Current Period
Account

Description

Year-To-Date

Yearly

Actual

Budget

Variance

Actual

Budget

Variance

Budget

INCOME:
06310

Association Assessments

.00

.00

.00

45,600.00

46,400.00

(800.00)

46,400.00

06315

Initiation Fee Income

.00

.00

.00

5,700.00

2,850.00

2,850.00

2,850.00

06340

Late Fee Income

.00

.00

.00

400.00

.00

400.00

.00

06360

Misc Owner Income

.00

.00

.00

29.95

.00

29.95

.00

06440

Checking-Interest Income

.82

.00

.82

20.29

.00

20.29

.00

06450

MMA-Reserve Interest Income

2.28

.00

2.28

27.04

.00

27.04

.00

______________
______________
______________
______________
______________
______________ ______________
Subtotal Income

3.10

.00

3.10

51,777.28

49,250.00

2,527.28

49,250.00

EXPENSES
ADMINISTRATIVE
07010

Management Contract

500.00

500.00

.00

5,500.00

5,500.00

.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

650.00

650.00

650.00

07260

Other Expenses - Misc G&A

435.15

33.33

(401.82)

853.40

366.63

(486.77)

400.00

07270

Postage & Mailings

42.70

20.83

(21.87)

248.95

229.13

(19.82)

250.00

07280

Insurance

.00

.00

.00

1,446.00

1,726.00

280.00

2,242.00

07350

Property Tax

.00

.00

.00

168.99

200.00

31.01

200.00

07820

Annual Corp Registration

.00

.00

.00

30.00

.00

(30.00)

.00

07950

Website

.00

.00

.00

15.17

.00

(15.17)

.00

07960

Social

.00

.00

.00

167.09

300.00

132.91

300.00

______________
______________
______________
______________
______________
______________ ______________
ADMINISTRATIVE

977.85

554.16

(423.69)

8,654.60

9,196.76

542.16

10,267.00

UTILITIES
08120

Electricity-entrance

24.11

30.00

5.89

302.10

330.00

27.90

360.00

08130

Electric - Pool

361.27

300.00

(61.27)

3,601.72

3,600.00

(1.72)

3,700.00

08140

Water Irr 4172

.00

75.00

75.00

1,069.97

1,425.00

355.03

1,500.00

08150

Water-Pool 7351

.00

40.00

40.00

367.08

600.00

232.92

650.00

______________
______________
______________
______________
______________
______________ ______________
UTILITIES

385.38

445.00

59.62

5,340.87

5,955.00

614.13

6,210.00

490.00

467.00

(23.00)

5,367.00

5,137.00

(230.00)

5,604.00

LANDSCAPING
08310

Landscape Contract

08315

Landscape Chemicals

.00

.00

.00

55.00

55.00

.00

350.00

08320

Flowers & Pinestraw

.00

.00

.00

3,424.78

5,000.00

1,575.22

5,000.00

08330

Landscape Misc/install

.00

.00

.00

390.00

.00

(390.00)

.00

08340

Repair & Maintenance

61.44

.00

(61.44)

826.18

130.00

(696.18)

130.00

Page: 2

Fallwood HOA
Income/Expense Statement
Period: 11/01/14 to 11/30/14
Current Period
Account

Description

Actual

Budget

Variance

Actual

Year-To-Date

Yearly

Budget

Budget

Variance

______________
______________
______________
______________
______________
______________ ______________
LANDSCAPING

551.44

467.00

(84.44)

10,062.96

10,322.00

259.04

11,084.00

POOL
08510

Pool Service Contract

.00

.00

.00

5,410.00

5,240.00

(170.00)

5,240.00

08520

Pool Supplies

.00

.00

.00

368.59

800.00

431.41

800.00

08530

Pool Telephone

.00

.00

.00

670.80

265.00

(405.80)

265.00

08540

Pool Repair and Maintenance

.00

.00

.00

1,601.99

2,000.00

398.01

2,000.00

08550

Pool Permit

.00

.00

.00

270.00

260.00

(10.00)

260.00

______________
______________
______________
______________
______________
______________ ______________
POOL

.00

.00

.00

8,321.38

8,565.00

243.62

8,565.00

250.00

.00

(250.00)

4,122.49

330.00

(3,792.49)

900.00

.00

.00

.00

.00

.00

.00

1,000.00

POOLHOUSE
09010

Repair and Maintenance

09040

Maintenance - Special

______________
______________
______________
______________
______________
______________ ______________
POOLHOUSE

250.00

.00

(250.00)

4,122.49

330.00

(3,792.49)

1,900.00

249.81

.00

(249.81)

.00

.00

.00

777.78

.00

(777.78)

1,370.00

250.00

250.00

.00

6,500.00

COMMON FENCE
09210

Repair & Maintenance

09240

Painting

______________
______________
______________
______________
______________
______________ ______________
COMMON FENCE

249.81

.00

(249.81)

1,027.78

250.00

(777.78)

7,870.00

09410

Reserve Contribution

.00

.00

.00

.00

.00

.00

504.00

09420

Initiation Fees to Reserves

.00

.00

.00

5,700.00

2,850.00

(2,850.00)

2,850.00

09450

Reserve Interest

2.28

.00

(2.28)

27.04

.00

(27.04)

.00

RESERVE

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

2.28

.00

(2.28)

5,727.04

2,850.00

(2,877.04)

3,354.00

2,416.76

1,466.16

(950.60)

43,257.12

37,468.76

(5,788.36)

49,250.00

(2,413.66)

(1,466.16)

(947.50)

8,520.16

11,781.24

(3,261.08)

.00

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