Run Date: 03/03/15

Page: 1

Run Time: 12:33 AM

Fallwood HOA
Balance Sheet
As of 02/28/15
Account

Description

Operating

Reserves

Other

Totals

ASSETS
1009

Checking-Operating

1209

MMA-Reserve
TOTAL ASSETS

20,592.52

20,592.52
27,214.87

27,214.87

_______________

_______________

_______________

_______________

20,592.52

27,214.87

.00

47,807.39

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===============

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LIABILITIES & EQUITY

CURRENT LIABILITIES:
Subtotal Current Liab.

_______________

_______________

_______________

_______________

.00

.00

.00

.00

RESERVES:
5100

Initiation Fees / Capital

5300

Reserve - Interest

5400

Retained - Capital Reserve

Subtotal Reserves

950.00

950.00

6.84

6.84

26,258.03

26,258.03

_______________

_______________

_______________

_______________

.00

27,214.87

.00

27,214.87

EQUITY:
Current Year Net Income/(Loss)
Subtotal Equity
TOTAL LIABILITIES & EQUITY

20,592.52

.00

.00

20,592.52

_______________

_______________

_______________

_______________

20,592.52

.00

.00

20,592.52

20,592.52

27,214.87

.00

47,807.39

=============== ===============

===============

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Run Date: 03/03/15

Page: 1

Run Time: 12:33 AM

Fallwood HOA
Income/Expense Statement
Period: 02/01/15 to 02/28/15
Current Period
Account

Description

Year-To-Date

Yearly

Actual

Budget

Variance

Actual

Budget

Variance

Budget

7,171.00

.00

7,171.00

25,664.00

46,400.00

(20,736.00)

46,400.00

950.00

.00

950.00

950.00

712.50

237.50

2,850.00

INCOME:
06310

Association Assessments

06315

Initiation Fee Income

06440

Checking-Interest Income

1.48

.00

1.48

2.82

.00

2.82

.00

06450

MMA-Reserve Interest Income

4.03

.00

4.03

6.84

.00

6.84

.00

______________
______________
______________
______________
______________
______________ ______________
Subtotal Income

8,126.51

.00

8,126.51

26,623.66

47,112.50

(20,488.84)

49,250.00

EXPENSES
ADMINISTRATIVE
07010

Management Contract

500.00

500.00

.00

1,000.00

1,000.00

.00

6,000.00

07140

CPA / Tax / Accounting Servic

175.00

175.00

.00

225.00

225.00

.00

225.00

07160

Legal Fees

.00

.00

.00

.00

.00

.00

650.00

07260

Other Expenses - Misc G&A

20.00

37.50

17.50

47.62

75.00

27.38

450.00

07270

Postage & Mailings

24.70

20.83

(3.87)

36.75

41.66

4.91

250.00

07280

Insurance

.00

.00

.00

1,827.00

1,827.00

.00

3,500.00

07350

Property Tax

.00

.00

.00

.00

.00

.00

175.00

07820

Annual Corp Registration

.00

30.00

30.00

.00

30.00

30.00

30.00

07960

Social

.00

.00

.00

.00

.00

.00

900.00

______________
______________
______________
______________
______________
______________ ______________
ADMINISTRATIVE

719.70

763.33

43.63

3,136.37

3,198.66

62.29

12,180.00

(63.19)

360.00

UTILITIES
08120

Electricity-entrance

24.69

30.00

5.31

123.19

60.00

08130

Electric - Pool

29.33

25.00

(4.33)

39.74

50.00

10.26

3,200.00

08140

Water Irr 4172

22.00

20.00

(2.00)

44.00

40.00

(4.00)

1,000.00

08150

Water-Pool 7351

15.00

20.00

5.00

30.00

40.00

10.00

450.00

______________
______________
______________
______________
______________
______________ ______________
UTILITIES

91.02

95.00

3.98

236.93

190.00

(46.93)

5,010.00

490.00

.00

980.00

980.00

.00

5,880.00

LANDSCAPING
08310

Landscape Contract

490.00

08320

Flowers & Pinestraw

.00

.00

.00

.00

.00

.00

4,000.00

08330

Landscape Misc/install

.00

41.67

41.67

.00

83.34

83.34

500.00

08340

Repair & Maintenance

.00

37.50

37.50

.00

75.00

75.00

450.00

______________
______________
______________
______________
______________
______________ ______________
LANDSCAPING

490.00

569.17

79.17

980.00

1,138.34

158.34

10,830.00

Run Date: 03/03/15

Page: 2

Run Time: 12:33 AM

Fallwood HOA
Income/Expense Statement
Period: 02/01/15 to 02/28/15
Year-To-Date

Yearly

Description

Actual

Current Period
Budget

Variance

Actual

Budget

Variance

Budget

08510

Pool Service Contract

.00

831.00

831.00

.00

1,108.00

1,108.00

5,540.00

08520

Pool Supplies

.00

.00

.00

.00

.00

.00

250.00

08530

Pool Telephone

125.00

42.00

(83.00)

251.00

84.00

(167.00)

504.00

08540

Pool Repair and Maintenance

.00

.00

.00

.00

.00

.00

1,700.00

08550

Pool Permit

.00

.00

.00

280.00

270.00

(10.00)

270.00

Account

POOL

______________
______________
______________
______________
______________
______________ ______________
POOL

125.00

873.00

748.00

531.00

1,462.00

931.00

8,264.00

.00

.00

.00

.00

.00

.00

2,000.00

POOLHOUSE
09010

Repair and Maintenance

______________
______________
______________
______________
______________
______________ ______________
POOLHOUSE

.00

.00

.00

.00

.00

.00

2,000.00

.00

.00

.00

190.00

.00

(190.00)

8,000.00

COMMON FENCE
09210

Repair & Maintenance

______________
______________
______________
______________
______________
______________ ______________
COMMON FENCE

.00

.00

.00

190.00

.00

(190.00)

8,000.00

09410

Reserve Contribution

.00

.00

.00

.00

.00

.00

116.00

09420

Initiation Fees to Reserves

950.00

.00

(950.00)

950.00

.00

(950.00)

2,850.00

09450

Reserve Interest

4.03

.00

(4.03)

6.84

.00

(6.84)

.00

RESERVE

______________
______________
______________
______________
______________
______________ ______________
RESERVE

954.03

.00

(954.03)

956.84

.00

(956.84)

2,966.00

TOTAL EXPENSES

2,379.75

2,300.50

(79.25)

6,031.14

5,989.00

(42.14)

49,250.00

Current Year Net Income/(loss

5,746.76

(2,300.50)

8,047.26

20,592.52

41,123.50

(20,530.98)

.00

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