Woodbury Park Association

     01/25/05Profit and Loss

January through December 2004

 

                                                           Jan - Dec '04

 

        Ordinary Income/Expense

           Income

              Membership Dues                               28,496.56

           Total Income                                     28,496.56

 

           Expense

              Christmas Decorations                            160.21

              Equipment Rental                                 100.00

              Flowers                                        2,247.24

              Grass cutting                                  5,130.00

              Grass Fertilizer                               1,703.10

              Insurance

                Liability Insurance                          1,279.00

              Total Insurance                                1,279.00

 

              Interest Expense

                Finance Charge                                  35.00

              Total Interest Expense                            35.00

 

              Internet                                          95.40

              Licenses and Permits                              20.00

              Lien Expense                                      29.00

              Mail Box Maintenance                           5,771.29

              Office Supplies                                   18.89

              Postage and Delivery                             214.56

              Printing and Reproduction                         59.21

              Repairs

                Equipment Repairs                              689.00

              Total Repairs                                    689.00

 

              Sprinklers                                     1,140.00

              Supplies

                Office                                          81.01

              Total Supplies                                    81.01

 

              Tree & Shrub

                Mulching and weeding                         5,105.00

                Tree & Shrub - Other                         3,329.00

              Total Tree & Shrub                             8,434.00

 

              Utilities

                Gas and Electric                               480.74

                Water                                        2,905.05

              Total Utilities                                3,385.79

 

              Weeding                                          300.00

           Total Expense                                    30,892.70

 

        Net Ordinary Income                                 -2,396.14

 

        Other Income/Expense

           Other Income

              Interest Income                                    4.46

           Total Other Income                                    4.46

 

        Net Other Income                                         4.46

 

     Net Income                                             -2,391.68

 

 

 

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Woodbury Park Association

     01/05/04Profit and Loss

January through December 2003

 

                                                   Jan - Dec '03

 

        Ordinary Income/Expense

           Income

              Membership Dues                          28,500.00

              Penalties                                   553.96

              Reimbursed Expenses                       1,500.00

           Total Income                                30,553.96

 

           Expense

              Christmas Decorations                       191.98

              Equipment Rental                             95.00

              Fence Maintenance                         1,600.00

              Flowers                                   2,436.00

              Grass cutting                             4,860.00

              Grass Fertilizer                          1,703.10

              Insurance

                Liability Insurance                 1,079.00

              Total Insurance                           1,079.00

 

              Interest Expense

                Finance Charge                         10.00

              Total Interest Expense                       10.00

 

              Internet                                     95.40

              Island Landscaping                        1,180.05

              Licenses and Permits                         10.00

              Mail Box Maintenance                        160.00

              Office Supplies                               6.05

              Postage and Delivery                        104.60

              Printing and Reproduction                    14.42

              Professional Fees

                Legal Fees                          6,094.00

              Total Professional Fees                   6,094.00

 

              Repairs

                Equipment Repairs                   1,907.00

              Total Repairs                             1,907.00

 

              Signs                                     2,600.00

              Tree & Shrub                              1,842.50

              Utilities

                Gas and Electric                      475.03

                Water                               2,326.96

              Total Utilities                           2,801.99

 

              Weed Barrier                                650.00

              Weeding                                   2,975.00

           Total Expense                               32,416.09

 

        Net Ordinary Income                            -1,862.13

 

        Other Income/Expense

           Other Income

              Interest Income                               2.04

           Total Other Income                               2.04

 

        Net Other Income                                    2.04

 

     Net Income                                        -1,860.09

 

                   O3 Actual vs A&F and 04 Budget

Category

 

 

 

 

 

03 Budget

 

03 A&F

 

04 Budget

Water bill

 

 

 

 

 

     2,327

 

2,327

 

2,327

 

 

 

 

 

 

 

 

 

 

 

Insurance Policy

 

 

 

 

     1,135

 

1,135

 

1,135

 

 

 

 

 

 

 

 

 

 

 

Sprinkler services

 

 

 

 

        150

 

150

 

5,000

 

 

 

 

 

 

 

 

 

 

 

Grass Cutting

 

 

 

 

     5,580

 

5,220

 

5,220

 

 

 

 

 

 

 

 

 

 

 

Weeding other than Flowers

 

 

 

     3,000

 

3,650

 

2,500

 

 

 

 

 

 

 

 

 

 

 

Flowers

 

 

 

 

 

     2,436

 

2,436

 

2,436

 

 

 

 

 

 

 

 

 

 

 

Main Island Landscaping

 

 

 

     1,436

 

1,180

 

0

 

 

 

 

 

 

 

 

 

 

 

Lawn Care

 

 

 

 

     1,868

 

1,868

 

1,868

 

 

 

 

 

 

 

 

 

 

 

Tree & Shrub Maint.

 

 

 

 

     1,698

 

1,599

 

3,600

 

 

 

 

 

 

 

 

 

 

 

Sign Maint.

 

 

 

 

     2,600

 

2,600

 

0

 

 

 

 

 

 

 

 

 

 

 

Fence Maint.

 

 

 

 

     1,600

 

1,600

 

0

 

 

 

 

 

 

 

 

 

 

 

Lighting Maint.

 

 

 

 

        350

 

1,907

 

250

 

 

 

 

 

 

 

 

 

 

 

Mail Box Maint.

 

 

 

 

     1,685

 

350

 

2,000

Christmas Decorations

 

 

 

        250

 

250

 

0

Architectural Com. Admin.

 

 

 

     1,000

 

6,594

 

1,000

Lights Operation

 

 

 

 

        600

 

513

 

513

Winter Services

 

 

 

 

        300

 

300

 

300

Postage, Rental, Supplies

 

 

 

450

 

281

 

281

   Total

 

 

 

 

 

    28,465

 

33,960

 

28,430

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

As of December 31, 2003

 

                                                     Dec 31, '03

 

     ASSETS

        Current Assets

           Checking/Savings

             Checking Michigan National Bank            3,611.00

             Savings Michigan National Bank             1,217.61

           Total Checking/Savings                       4,828.61

 

           Accounts Receivable

             Accounts Receivable                          250.00

           Total Accounts Receivable                      250.00

 

        Total Current Assets                            5,078.61

 

     TOTAL ASSETS                                       5,078.61

 

     LIABILITIES & EQUITY

        Equity

           Opening Bal Equity                           4,885.98

           Retained Earnings                            2,048.96

           Net Income                                  -1,856.33

        Total Equity                                    5,078.61

 

     TOTAL LIABILITIES & EQUITY                         5,078.61