Run Date: 06/04/15

Page: 1

Run Time: 11:09 AM

Fallwood HOA
Balance Sheet
As of 05/31/15
Account

Description

Operating

Reserves

Other

Totals

ASSETS
1009

Checking-Operating

1209

MMA-Reserve
TOTAL ASSETS

30,935.48

30,935.48
29,128.90

29,128.90

_______________

_______________

_______________

_______________

30,935.48

29,128.90

.00

60,064.38

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LIABILITIES & EQUITY

CURRENT LIABILITIES:
3310

Prepaid Owner Assessments

Subtotal Current Liab.

71.00

71.00

_______________

_______________

_______________

_______________

71.00

.00

.00

71.00

RESERVES:
5100

Initiation Fees / Capital

5300

Reserve - Interest

5400

Retained - Capital Reserve

Subtotal Reserves

2,850.00

2,850.00

20.87

20.87

26,258.03

26,258.03

_______________

_______________

_______________

_______________

.00

29,128.90

.00

29,128.90

EQUITY:
Current Year Net Income/(Loss)

30,864.48

.00

.00

30,864.48

_______________

_______________

_______________

_______________

Subtotal Equity

30,864.48

.00

.00

30,864.48

TOTAL LIABILITIES & EQUITY

30,935.48

29,128.90

.00

60,064.38

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

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Run Date: 06/04/15

Page: 1

Run Time: 11:09 AM

Fallwood HOA
Income/Expense Statement
Period: 05/01/15 to 05/31/15
Current Period
Account

Description

Year-To-Date

Yearly

Budget

Variance

Actual

Budget

Variance

Budget

3,200.00

.00

3,200.00

44,800.00

46,400.00

(1,600.00)

46,400.00

.00

.00

.00

2,850.00

1,425.00

1,425.00

2,850.00

Actual

INCOME:
06310

Association Assessments

06315

Initiation Fee Income

06340

Late Fee Income

240.00

.00

240.00

240.00

.00

240.00

.00

06440

Checking-Interest Income

2.44

.00

2.44

10.14

.00

10.14

.00

06450

MMA-Reserve Interest Income

4.63

.00

4.63

20.87

.00

20.87

.00

______________
______________
______________
______________
______________
______________ ______________
Subtotal Income

3,447.07

.00

3,447.07

47,921.01

47,825.00

96.01

49,250.00

EXPENSES
ADMINISTRATIVE
07010

Management Contract

07140

CPA / Tax / Accounting Servic

500.00

500.00

.00

2,500.00

2,500.00

.00

6,000.00

.00

.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

107.62

187.50

79.88

450.00

07270

Postage & Mailings

44.13

20.83

(23.30)

92.83

104.15

11.32

250.00

07280

Insurance

.00

.00

.00

1,879.00

1,827.00

(52.00)

3,500.00

07350

Property Tax

.00

.00

.00

.00

.00

.00

175.00

07820

Annual Corp Registration

07960

Social

.00

.00

.00

30.00

30.00

.00

30.00

79.90

.00

(79.90)

254.90

.00

(254.90)

900.00

______________
______________
______________
______________
______________
______________ ______________
ADMINISTRATIVE

644.03

558.33

(85.70)

5,089.35

4,873.65

(215.70)

12,180.00

UTILITIES
08120

Electricity-entrance

.00

30.00

30.00

172.83

150.00

(22.83)

360.00

08130

Electric - Pool

17.75

300.00

282.25

122.30

550.00

427.70

3,200.00

08140

Water Irr 4172

22.00

100.00

78.00

110.00

180.00

70.00

1,000.00

08150

Water-Pool 7351

15.00

75.00

60.00

75.00

155.00

80.00

450.00

______________
______________
______________
______________
______________
______________ ______________
UTILITIES

54.75

505.00

450.25

480.13

1,035.00

554.87

5,010.00

LANDSCAPING
08310

Landscape Contract

515.00

490.00

(25.00)

2,500.00

2,450.00

(50.00)

5,880.00

08320

Flowers & Pinestraw

.00

.00

.00

1,800.00

2,000.00

200.00

4,000.00

08330

Landscape Misc/install

.00

41.67

41.67

.00

208.35

208.35

500.00

08340

Repair & Maintenance

.00

37.50

37.50

.00

187.50

187.50

450.00

______________
______________
______________
______________
______________
______________ ______________

Run Date: 06/04/15

Page: 2

Run Time: 11:09 AM

Fallwood HOA
Income/Expense Statement
Period: 05/01/15 to 05/31/15
Current Period
Account

Description
LANDSCAPING

Year-To-Date

Yearly

Actual

Budget

Variance

Actual

Budget

Variance

Budget

515.00

569.17

54.17

4,300.00

4,845.85

545.85

10,830.00

POOL
08510

Pool Service Contract

.00

.00

.00

1,939.00

1,939.00

.00

5,540.00

08520

Pool Supplies

.00

100.00

100.00

.00

100.00

100.00

250.00

08530

Pool Telephone

122.76

42.00

(80.76)

499.76

210.00

(289.76)

504.00

08540

Pool Repair and Maintenance

.00

425.00

425.00

660.00

850.00

190.00

1,700.00

08550

Pool Permit

.00

.00

.00

280.00

270.00

(10.00)

270.00

______________
______________
______________
______________
______________
______________ ______________
POOL

122.76

567.00

444.24

3,378.76

3,369.00

(9.76)

8,264.00

254.42

.00

(254.42)

254.42

.00

(254.42)

2,000.00

POOLHOUSE
09010

Repair and Maintenance

______________
______________
______________
______________
______________
______________ ______________
POOLHOUSE

254.42

.00

(254.42)

254.42

.00

(254.42)

2,000.00

.00

.00

.00

683.00

.00

(683.00)

8,000.00

COMMON FENCE
09210

Repair & Maintenance

______________
______________
______________
______________
______________
______________ ______________
COMMON FENCE

.00

.00

.00

683.00

.00

(683.00)

8,000.00

09410

Reserve Contribution

.00

.00

.00

.00

.00

.00

116.00

09420

Initiation Fees to Reserves

.00

.00

.00

2,850.00

.00

(2,850.00)

2,850.00

09450

Reserve Interest

4.63

.00

(4.63)

20.87

.00

(20.87)

.00

RESERVE

______________
______________
______________
______________
______________
______________ ______________
RESERVE

4.63

.00

(4.63)

2,870.87

.00

(2,870.87)

2,966.00

TOTAL EXPENSES

1,595.59

2,199.50

603.91

17,056.53

14,123.50

(2,933.03)

49,250.00

Current Year Net Income/(loss

1,851.48

(2,199.50)

4,050.98

30,864.48

33,701.50

(2,837.02)

.00

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