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2006 Sherwood Lake Assoc. Budget Report |
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(As of December 31, 2006) |
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Category Description |
Actual |
Budget |
Difference |
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INCOME |
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Assessments |
$95,675.00 |
$95,675.00 |
$0.00 |
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Bank Interest |
$89.95 |
$120.00 |
-$30.05 |
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Lake Sherwood Senior Village |
$1,000.00 |
$1,000.00 |
$0.00 |
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Late Fees |
$42.42 |
$0.00 |
$42.42 |
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Lien Fees & Interest |
$0.00 |
$1.00 |
-$1.00 |
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Misc. Income |
$30.00 |
$49.00 |
-$19.00 |
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TOTAL INCOME |
$96,837.37 |
$96,845.00 |
-$7.63 |
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EXPENSES |
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Administration |
$768.97 |
$1,165.00 |
$396.03 |
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Bank Fees |
$0.00 |
$25.00 |
$25.00 |
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Communications |
$446.69 |
$800.00 |
$353.31 |
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Grounds |
$10,127.11 |
$10,000.00 |
-$127.11 |
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Insurance |
$6,805.60 |
$7,000.00 |
$194.40 |
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Lake Maintenance |
$3,554.31 |
$4,200.00 |
$645.69 |
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Lake Sherwood Club- Gen. Op. Exp. |
$35,995.00 |
$35,995.00 |
$0.00 |
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Lake Sherwood Club-Cap. Improv. |
$9,390.00 |
$9,390.00 |
$0.00 |
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Legal Fees |
$1,737.40 |
$1,600.00 |
-$137.40 |
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Property Taxes |
$27.57 |
$30.00 |
$2.43 |
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Reserve Fund |
$0.00 |
$4,730.00 |
$4,730.00 |
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Security |
$20,920.00 |
$21,910.00 |
$990.00 |
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TO Lake Association Reserve Fund |
$4,730.00 |
$0.00 |
-$4,730.00 |
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TOTAL EXPENSES |
$94,502.65 |
$96,845.00 |
$2,342.35 |
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OVERALL TOTAL |
$2,334.72 |
$0.00 |
$2,334.72 |
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2006 Sherwood Lake Assoc. Net
Worth |
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As of December 31, 2006 |
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ASSETS |
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Account |
Balance |
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Cash and Bank Accounts |
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Club Association Reserve Fund |
$12,445.31 |
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Lake Association Reserve CD Account |
$10,208.42 |
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Lake Association Reserve Fund |
$3,882.38 |
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Sherwood Lake Assoc. Chkg |
$5,503.03 |
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TOTAL Cash and Bank Accounts |
$32,039.14 |
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Investments |
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Dam Savings account |
$28,636.15 |
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TOTAL Investments |
$28,636.15 |
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TOTAL ASSETS |
$60,675.29 |
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LIABILITIES |
$0.00 |
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OVERALL TOTAL |
$60,675.29 |
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