Arlington Homeowners' Association

Balance Sheet
December 31, 2010

Assets
Cash - Operating $ 7,766.05
Cash - Reserves 7,886.92

Total Assets $ 15,652.97

Liabilities
Accounts Payable $ 20.00
Prepaid Dues (2011) 5,600.00
5,620.00

Net Assets 10,032.97

Total Liabilities and Net Assets $ 15,652.97

 Arlington Homeowners' Association
Statement of Operations
Year Ended December 31, 2010

Actual Budget Variance

Revenue
Association Dues $ 13,881.44 $ 14,400.00 $ (518.56)
Late Charges 425.00 - 425.00
Insurance Recovery Proceeds - - -
Interest and Other Income 45.22 - 45.22
14,351.66 14,400.00 (48.34)

Expenses
Accounting and Legal 237.00 - 237.00
Tax Return Expense 260.00 249.00 11.00
Licenses/Taxes Expense 20.00 688.00 (668.00)
Insurance - 760.00 (760.00)
NSF Homeowner 5.00 - 5.00
Special Meeting Expense 110.00 - 110.00
Management Fees 4,200.00 4,200.00 -
Office Supplies 1,663.55 150.00 1,513.55
Copies 231.37 50.00 181.37
Postage 131.27 - 131.27
Utilities 599.15 720.00 (120.85)
Grounds Maintenance 7,518.88 7,323.00 195.88
Web Hosting Expense - - -
Other Expense 2,682.26 420.00 2,262.26
Total Operating Expenses 17,658.48 14,560.00 3,098.48
Normal Operating Excess/(Shortfall) (3,306.82) (160.00) (3,146.82)

Special Assessment Revenue - Capital Improvements 7,700.00 - 7,700.00

Annual Excess/(Shortfall) $ 4,393.18 $ (160.00) $ 4,553.18

 Arlington Homeowners' Association
Annual Budget
Year Ending December 31, 2011

Budget
Revenue
Association Dues $ 18,000.00

Expenses
Accounting and Legal (250.00)
Tax Return Expense (275.00)
Licenses/Taxes Expense (20.00)
Insurance (200.00)
Management Fees (4,200.00)
Office Supplies (1,300.00)
Copies (275.00)
Postage (150.00)
Utilities (1,320.00)
Grounds Maintenance (8,250.00)
Other Expense (500.00)
Normal Operating Expenses (16,740.00)
Normal Operating Budget Excess/(Shorfall) 1,260.00 Future Reserves

Capital Improvements
Special Assessments Due 1,300.00
Capital Improvement Expenditures (8,500.00)

Annual Excess/(Shortfall) $ (5,940.00)

Budgeted Cash Flow

Beginning Cash Balance $ 15,652.97

Add: Revenue $ 18,000.00
Add: Special assessments due $ 1,300.00
Less: Prepaid in 2010 (5,600.00)
13,700.00
Less: Accounts payable (20.00)
Less: Expenses (16,740.00)
Less: Capital Improvements (8,500.00)
(25,240.00)
Ending Cash Balance $ 4,092.97