6:33 AM McKinley Mill HOA
11/10/10
Accrual Basis Profit & Loss Budget Performance
October 2010
Oct 10 Budget Jan - Oct 10 YTD Budget Annual Budget
Income
Assessments 2,209.92 0.00 101,320.12 105,000.00 105,000.00
Late Fees 120.00 0.00 2,005.00 1,500.00 1,500.00
Legal Fees 292.00 0.00 3,230.27 1,000.00 1,000.00
Regular Interest 0.00 0.00 0.00 0.00 1,500.00
Violation Fees 0.00 0.00 170.00 0.00 0.00
Total Income 2,621.92 0.00 106,725.39 107,500.00 109,000.00
Expense
Administration Expense
Administration/ Management 1,687.80 1,687.80 16,878.00 16,878.00 20,253.60
Federal & State Taxes 0.00 0.00 200.00 300.00 300.00
Legal Fees/ Collections 0.00 2,100.00 3,382.00 4,200.00 4,200.00
Liability Insurance 0.00 0.00 2,038.36 4,000.00 4,000.00
Neighborhood Socials 180.00 250.00 673.86 1,500.00 1,500.00
Other/ Bank/ Misc. Fees 0.00 12.50 109.00 125.00 150.00
Website 0.00 0.00 400.00 400.00 400.00
Total Administration Expense 1,867.80 4,050.30 23,681.22 27,403.00 30,803.60
Grounds & Site Maintenance
Cabana Maintenance 0.00 0.00 2,309.29 2,000.00 2,000.00
Fence Maintenance 0.00 0.00 300.00 1,500.00 1,500.00
Grounds Improvements 35.00 5,000.00 1,109.36 6,000.00 6,000.00
Grounds Maintenance Contract 0.00 1,000.00 8,932.50 10,000.00 12,000.00
Grounds Mulch 0.00 0.00 5,700.00 6,500.00 6,500.00
Pest Control/ Inspections 95.00 0.00 95.00 500.00 500.00
Pool Maintenace 0.00 0.00 15,833.41 3,500.00 3,500.00
Pool Management Contract 0.00 1,790.00 19,100.00 17,900.00 21,480.00
Total Grounds & Site Maintenance 130.00 7,790.00 53,379.56 47,900.00 53,480.00
Reserve Expense
Reserve Transfer 0.00 0.00 0.00 0.00 17,566.40
Total Reserve Expense 0.00 0.00 0.00 0.00 17,566.40
Utilities
Electricity 512.02 358.33 3,404.10 3,583.34 4,300.00
Pool Phone 49.43 54.16 496.07 541.68 650.00
Water 1,194.12 100.00 3,902.01 2,000.00 2,200.00
Total Utilities 1,755.57 512.49 7,802.18 6,125.02 7,150.00
Total Expense 3,753.37 12,352.79 84,862.96 81,428.02 109,000.00
Net Income -1,131.45 -12,352.79 21,862.43 26,071.98 0.00
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