Kings Grant Homeowners Association Budget for 2007
December
% of Year
Income
Budget
YTD Actual
Variance
Total
Regime Fees (426 @ $165)
$70,290.00
$58,085.66
$819.34
82.6%
Collected in 2006
$11,385.00
less delinquency (3%)
($2,109.00)
($2,109.00)
0.0%
Late Fees & Legal Fees
$960.00
$1,340.00
($380.00)
139.6%
Interest - Checking
$30.00
$0.16
$29.84
0.5%
Interest - Savings
$500.00
$1,054.78
($554.78)
211.0%
Misc Income
$0.00
$274.50
($274.50)
NSF Charge
$30.00
$30.00
Transfer from Reserve
Total Income
$69,671.00
$72,170.10
($2,499.10)
103.6%
Expenses
Green Area Maintenance
$
22,000.00
$20,628.00
$1,372.00
93.8%
Tree Removal/Cleanup
$
5,000.00
$9,500.00
($4,500.00)
190.0%
Entrance Maintenance
$
6,720.00
$6,480.00
$240.00
96.4%
Entrance Supplies
$
8,000.00
$10,471.95
($2,471.95)
130.9%
Marina/Playground
$
2,000.00
$2,561.18
($561.18)
128.1%
Insurance
$
5,000.00
$4,747.00
$253.00
94.9%
Restrictions
$
250.00
$250.00
0.0%
Hospitality
$
1,000.00
$395.18
$604.82
39.5%
Administration
$
1,000.00
$877.76
$122.24
87.8%
Communications
$
3,000.00
$2,340.76
$659.24
78.0%
Security/Crime Watch
$
500.00
$811.95
($311.95)
162.4%
Utilities
$
2,000.00
$2,206.34
($206.34)
110.3%
Audit Fees
$
500.00
$500.00
0.0%
Accounting Services
$
3,000.00
$3,000.00
$0.00
100.0%
Legal/Professional Services
$
2,000.00
$147.88
$1,852.12
7.4%
Property Taxes
$
890.00
$684.00
$206.00
76.9%
Infrastructure
$
1,000.00
$1,000.00
0.0%
Miscellaneous Expense
$
600.00
$534.30
$65.70
89.1%
Reserve Fund
$
5,000.00
$5,000.00
0.0%
Total Expenses
$
69,460.00
$65,386.30
$4,073.70
94.1%
Net Surplus / Defecit
$211.00
$6,783.80
$6,572.80
LEGAL/ DEVELOPER FUNDS
BUDGET
ACTUAL
FIRST FEDERAL
First Federal
$180,725.50
$180,725.50
Checking Bal
-$1,335.89
LEGAL EXPENSE
$90,000.00
$79,442.52
CD Balance
$50,000.00
SURPLUS
$90,725.50
$101,282.98
Total
$48,664.11
CAPITAL ITEMS
Total Spending
Playground Fencing
$8,498.00
$65,386.30
Irrigation System
$13,185.00
$56,314.90
Meters & Backflow Valves
$12,501.00
$121,701.20
Playground Equipment
$22,130.90
TOTAL
$56,314.90