October 15, 2008

Treasurer’s Report thru September, 2008

Operating Budget Year to Date	This Month	Actual YTD
Revenues	6,630	721,882
Operating Expenditures	44,251	541,056
Reserve Budget Year to Date
Capital	673	20,926
Contingency	2,290	2,290
Replacement	905	23,528
Balance Sheet Highlights
Liquid Assets		811,325
Fixed Assets		1,001,805
Total Assets		1,849,683
Current Liabilities	21,920

Highlights

 -Capital projects include repair of the main stable road, and replacement of the stable arena fence panels.

-Replacement Reserve includes two new lifeguard chairs for the pool, a new baby pool filter, soccer field fence and train station floor.

*Annual Budget

REVENUES	BOARD	PERCENT
	APPROVED	OF
DESCRIPTION	YEAR 2009	BUDGET	REMARKS OR REASON FOR CHANGE
General Assessments	$664,560	83.92%	REFLECTS 2769 X $240 PER LOT
Late & Lien Fees	$3,500	0.38%
Annex Rent	$3,000	0.38%
Architectural Applications	$800	0.10%	FEWER NEW HOMES
Assessment Certificates	$6,000	0.76%	HOME SALES DOWN
Coke Machine	$500	0.06%
Community Center Rentals	$9,000	1.14%
History Book Sale	$100	0.01%
Interest	$15,000	1.89%
Map,Fax,Copies	$50	0.01%	LESS REQUESTS
Residence Rent	$9,600	1.21%
Security House Checks	$900	0.11%
Stables	$18,500	2.34%	REIMBURSEMENT BY HORSE OWNERS
Pool Passes	$3,000	0.38%
		0.38%
TOTAL REVENUES	$734,510	92.69%
APPROPRIATED FUND BALANCE	$57,415	7.31%
FUND BALANCE & REVENUES	$791,925	100.00%
GENERAL OPERATIONS:
Dues/Subscriptions	$1,400
Back Dues Legal	$600
Annual Audit	$7,000		PROJECTED INCREASE
Legal Fees	$5,000
Property Insurance	$37,500		ADDITIONAL COVERAGE
State and Federal Taxes	$4,500		CREDIT FROM 2007 TAXES
Workers Compensation	$13,500		PROJECTED INCREASE
Wages & Payroll Taxes	$282,000
Retirement Benefits	$7,000
Education & Training	$3,500
Travel	$2,500
Health/Life Insurance	$20,000		NEW EMPLOYEE ON PLAN-INCREASE 9.6% ON PREMIUM
Total General Operations	$384,500	48.55%
OFFICE OPERATIONS:
Safety Deposit Box & Bank Fees	$150
Copier Maintenance	$1,400
Office Maintenance	$0		DELETE AS LINE ITEM
Office Supplies	$3,000		COMBINED WITH OFFICE MAINTANENCE
Postage	$3,500
Software	$450
Telephone	$3,500		PROJECTED INCREASE
Total Office Operations	$12,000	1.52%
WILDERNESS OPERATIONS:
Repairs & Maintenance	$4,000
Total Wilderness Operations	$4,000	0.51%
EXPENSES	STAFF/COMMITTEE	PERCENT
	RECOMMENDATION	OF
DESCRIPTION	Year 2009	BUDGET	REMARKS OR REASON FOR CHANGE
Rental Residence Repairs	$1,000
Grounds & Court Repairs	$5,000
Building Repairs	$12,000
Trash Removal	$4,000		ADDITIONAL PICK-UPS IN SUMMER
Electric	$3,465		PROJECTED INCREASE
Natural Gas	$8,500		PROJECTED INCREASE
Water	$4,200		PROJECTED INCREASE
Machinery Gasoline & Oil	$5,000		PROJECTED INCREASE
Portable toilets	$2,310		PROJECTED INCREASE
Graffiti Removal	$250
Repairs & Equipment	$4,750
Patio & Gardens	$5,000
Facilities and Grounds Committee	$2,000		PURCHASE SOFTWARE-RESIDENT MAILING
Total Buildings & Grounds	$57,475	7.26%
COVENANTS COMPLIANCE:
Gasoline	$2,000
Legal	$8,000
Postage	$750
Supplies	$750
Total Covenants Compliance	$11,500	1.45%
COMMUNITY RELATIONS:
Bulk Mail	$425		PROJECTED INCREASE
VISTAS Newsletter	$45,000		PROJECTED INCREASE
Website	$4,600		UPGRADE WEBSITE
Recording Board Meeting Minutes	$500
Annual Meeting	$7,000
Welcome Packet	$1,500
Neighborhood Watch	$1,000
ECIA Sponsored Events	$5,000
Total Community Relations	$65,025	8.21%
POOL OPERATIONS:
Apparel	$700		PROJECTED INCREASE
Chemicals	$4,200		PROJECTED INCREASE
Electric	$3,310		PROJECTED INCREASE
Natural Gas	$9,000		PROJECTED INCREASE
Pool Passes	$1,500		NEW SYSTEM IN USE
Repair & Maintenance	$6,000
Supplies	$2,600
Telephone	$250
Water	$5,500		PROJECTED INCREASE
Total Pool	$33,060	4.17%
SECURITY OPERATIONS:
Security Contract	$96,460		PROJECTED INCREASE
Total Security Operations	$96,460	12.18%
SOCCER FIELD OPERATIONS:
Supplies & Maintenance	$2,500
Water	$2,000
Total Soccer Field Operations	$4,500	0.57%
	STAFF/COMMITTEE	PERCENT
	RECOMMENDATION	OF
DESCRIPTION	Year 2009	BUDGET	REMARKS OR REASON FOR CHANGE
Hike/Bike Trail Repairs	$25,000
Total Hike/Bike Trail	$25,000	3.16%