| Chardonnay Council of Co-Owners | ||||||||
| Financial Report --- December 2007 | ||||||||
| Account Name | Annual Budget | YTD Budget | YTD Actual | YTD Variance | ||||
| INCOME | ||||||||
| Association Fees | 272,502.00 | 272,502.00 | 279,110.46 | 6,608.46 | 2% | |||
| Cable Fees | 3,600.00 | 3,600.00 | 3,826.60 | 226.60 | 6% | |||
| Late Fees | 1,000.00 | 1,000.00 | 1,401.00 | 401.00 | ||||
| Clubhouse Rental | 2,160.00 | 2,160.00 | 1,575.00 | (585.00) | -27% | |||
| Total | 279,262.00 | 279,262.00 | 285,913.06 | 6,651.06 | 2% | |||
| EXPENSES | ||||||||
| Utilities | ||||||||
| Electric | 12,960.00 | 12,960.00 | 13,434.74 | (474.74) | 4% | 1 | ||
| Water & Sewage | 38,004.00 | 38,004.00 | 47,509.69 | (9,505.69) | 25% | |||
| Storm Water Drainage | 3,240.00 | 3,240.00 | 3,380.04 | (140.04) | 4% | 64,324.47 | ||
| Contracts | ||||||||
| Landscaping | 44,584.00 | 44,584.00 | 44,773.10 | (189.10) | 0% | |||
| Snow Removal | 10,225.00 | 10,225.00 | 14,167.50 | (3,942.50) | 39% | |||
| Pool Maintenance | 5,058.00 | 5,058.00 | 6,393.31 | (1,335.31) | 26% | |||
| Trash Removal | 5,052.00 | 5,052.00 | 5,036.67 | 15.33 | 0% | |||
| Hallway Cleaning | 10,201.00 | 10,201.00 | 10,323.00 | (122.00) | 1% | -2 | ||
| Fire Alarm Maint. | 1,312.00 | 1,312.00 | 1,240.76 | 71.24 | -5% | |||
| Towne Prop. Management | 25,259.00 | 25,259.00 | 25,258.56 | 0.44 | 0% | |||
| Insurance | 51,642.00 | 51,642.00 | 62,896.36 | (11,254.36) | 22% | |||
| Towne Prop. Maintenance | 6,840.00 | 6,840.00 | 5,337.40 | 1,502.60 | -22% | 175,426.66 | ||
| Committees | ||||||||
| Landscaping | 6,755.00 | 6,755.00 | 8,144.67 | (1,389.67) | 21% | -1 | ||
| Pool/Welcome/Social | 900.00 | 900.00 | 555.36 | 344.64 | -38% | |||
| Miscellaneous | ||||||||
| Bldg Maintenance | 3,344.00 | 3,344.00 | 3,265.92 | 78.08 | -2% | 78.08 | ||
| Pool Supplies | 1,200.00 | 1,200.00 | 289.68 | 910.32 | -76% | |||
| Clubhouse Supplies | 1,696.00 | 1,696.00 | 1,071.89 | 624.11 | -37% | |||
| Clubhouse Management | 200.00 | 200.00 | 720.00 | (520.00) | 260% | |||
| Legal | 4,500.00 | 4,500.00 | 5,769.75 | (1,269.75) | 28% | |||
| Misc. Admin. Exp. | 300.00 | 300.00 | 1,048.98 | (748.98) | 250% | |||
| Web Site Expense | 300.00 | 300.00 | 320.00 | (20.00) | 7% | |||
| Postage | 3,200.00 | 3,200.00 | 3,399.94 | (199.94) | 6% | |||
| Taxes/Licenses/Permits | 200.00 | 200.00 | 3,661.61 | (3,461.61) | 1731% | |||
| Reserves | ||||||||
| Reserve Funding | 22,290.00 | 22,290.00 | 30,290.00 | (8,000.00) | 36% | |||
| Contingency | 20,000.00 | 20,000.00 | 6,859.56 | 13,140.44 | -66% | 41,883.06 | ||
| Total Expenses | 279,262.00 | 279,262.00 | 305,148.49 | (25,886.49) | 9% | |||
| Net Flow (Inc-Exp) | 0.00 | 0.00 | (19,235.43) | (19,235.43) | ||||
| Assets | Liabilities | |||||||
| Money Markets | 13,937.03 | Owner's Eqty | 32,943.26 | |||||
| Cash on Deposit | 75,860.72 | Current Year | -19,006.23 | |||||
| CD's Reserves | 66,446.42 | Reserves | 142,307.14 | |||||
| Total Assets | 156,244.17 | Total Liab | 156,244.17 | |||||