Kings Grant Homeowners Association Budget for 2008
			October			% of Year
Income	Budget		YTD Actual		Variance	Total
Regime Fees (426 @ $165)	$70,290.00		$68,516.25		($1,773.75)	97.5%
less delinquency (3%)	($2,109.00)				$2,109.00	0.0%
Late Fees & Legal Fees	$1,000.00		$826.00		($174.00)	82.6%
Interest - Savings	$3,000.00		$3,912.16		$912.16	130.4%
Misc Income	$0.00		$130.00		$130.00
Kapers AD Income	$100.00		$75.00		($25.00)
Total Income	$72,281.00		$73,459.41		$1,178.41	101.6%
Expenses
Green Area Maintenance	$   22,000.00		$18,120.00		$3,880.00	82.4%
Tree Removal/Cleanup	$   10,000.00		$9,185.00		$815.00	91.9%
Entrance Maintenance	$      7,100.00		$5,757.00		$1,343.00	81.1%
Entrance Supplies	$      2,500.00		$498.88		$2,001.12	20.0%
Marina/Playground	$      5,000.00		$5,013.99		($13.99)	100.3%
Insurance	$      5,000.00		$4,962.00		$38.00	99.2%
Restrictions	$         250.00				$250.00	0.0%
Hospitality	$      3,300.00		$327.10		$2,972.90	9.9%
Administration	$      1,000.00		$754.14		$245.86	75.4%
Communications	$      2,000.00		$1,231.71		$768.29	61.6%
Security/Crime Watch	$         200.00		$180.00		$20.00	90.0%
Electricity	$      1,875.00		$1,608.38		$266.62	85.8%
Water	$      1,675.00		$1,730.60		($55.60)	103.3%
Telephone	$         450.00		$349.37		$100.63	77.6%
Accounting Services	$      3,300.00		$2,500.00		$800.00	75.8%
Legal/Professional Services	$      2,000.00		$1,429.50		$570.50	71.5%
Property Taxes	$         800.00		$702.96		$97.04	87.9%
Income Tax			$196.00		($196.00)
Infrastructure	$                  -				$0.00
Miscellaneous Expense	$         600.00		$272.72		$327.28	45.5%
Reserve Fund	$      3,000.00				$3,000.00	0.0%
Total Expenses	$   72,050.00		$54,819.35		$17,230.65	76.1%
Net Surplus / Defecit	$231.00		$18,640.06		$18,409.06
FIRST FEDERAL
CD Balance	$50,000.00
Cash in Bank	$   15,071.74