Southpark Financials 06/13 - Southpark HOA II
Southpark Financials 06/13 - Southpark HOA II
Southpark Financials 06/13 - Southpark HOA II
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Balance Sheet Report<strong>Southpark</strong> <strong>HOA</strong> #2OperatingAs of June 30, 20<strong>13</strong>BalanceJun 30, 20<strong>13</strong>BalanceMay 31, 20<strong>13</strong>ChangeAssetsFixed Assets1901 - A/D Fixed Assets (23,802.30) (23,802.30)0.00Total Fixed Assets 305.95 305.95 0.00Total Assets96,241.55 75,273.38 20,968.17LiabilitiesCurrent Liabilities2000 - Operating Accounts Payable 11,626.91 10,794.83832.082010 - Accrued Expenses 29,658.05 20,586.789,071.272200 - Prepaid Assessments 39,005.05 46,567.37(7,562.32)2610 - Due to Replacement 69,070.97 43,072.3025,998.672701 - Processing Suspense 315.00 315.000.002707 - NSF Fee Suspense 0.00 20.00(20.00)Total Current Liabilities 149,675.98 121,356.28 28,319.70Total Liabilities149,675.98 121,356.28 28,319.70Owners' EquityOwners' Equity3200 - Retained Earnings - Operating (75,672.66) (75,672.66)0.00Total Owners' Equity (75,672.66) (75,672.66) 0.00Total Owners' Equity(75,672.66) (75,672.66) 0.00Operating Income / (Loss)22,238.2329,589.76(7,351.53)Total Liabilities and Owner Equity96,241.5575,273.3820,968.17Printed by Jennifer Lowther on Wed Jul 10, 20<strong>13</strong> 10:01 amPage 2 of 4
Balance Sheet Report<strong>Southpark</strong> <strong>HOA</strong> #2ReplacementAs of June 30, 20<strong>13</strong>BalanceJun 30, 20<strong>13</strong>BalanceMay 31, 20<strong>13</strong>ChangeAssetsCash & Investments<strong>13</strong>00 - Replacement Fund - RBC Wealth 44,790.88 100,782.89(55,992.01)<strong>13</strong>32 - CD - American Express 1.10% 11/25/<strong>13</strong> 55,000.00 55,000.000.00<strong>13</strong>35 - CD-Goldman Sachs 1.05% 1/21/14 50,000.00 50,000.000.00<strong>13</strong>36 - FHR NQ 3.5% 1/1/42 20,873.42 21,249.11(375.69)<strong>13</strong>39 - CD-Suntrust Bk 4% 5/28/14 40,000.00 40,000.000.00<strong>13</strong>40 - CD-GE Cap Bank 7/12/<strong>13</strong> 55,000.00 55,000.000.00<strong>13</strong>42 - CD-Suntrust Bk 4 % 8/29/14 55,000.00 55,000.000.00<strong>13</strong>43 - CD-State Bk India .75% 12/22/14 55,000.00 55,000.000.00<strong>13</strong>44 - CD-Suntrust Bk 4% 6/30/2014 45,000.00 45,000.000.00<strong>13</strong>45 - CD-Discover Bk 1.15% 3/31/14 40,000.00 40,000.000.00<strong>13</strong>46 - HSBC BK 4.15% 2/16/22 55,000.00 55,000.000.00Total Cash & Investments 515,664.30 572,032.00 (56,367.70)Current Assets1510 - Accrued Interest Receivable 1,<strong>06</strong>7.45 1,<strong>06</strong>7.450.001511 - Market Value Adjustment 5.59 5.590.001560 - Due From Operating 69,070.97 43,072.3025,998.67Total Current Assets 70,144.01 44,145.34 25,998.67Total Assets585,808.31 616,177.34 (30,369.03)Printed by Jennifer Lowther on Wed Jul 10, 20<strong>13</strong> 10:01 amPage 3 of 4
Balance Sheet Report<strong>Southpark</strong> <strong>HOA</strong> #2ReplacementAs of June 30, 20<strong>13</strong>BalanceJun 30, 20<strong>13</strong>BalanceMay 31, 20<strong>13</strong>ChangeLiabilitiesCurrent Liabilities2001 - Replacement Accts Payable 1,566.50 6,179.98(4,6<strong>13</strong>.48)Total Current Liabilities 1,566.50 6,179.98 (4,6<strong>13</strong>.48)Total Liabilities1,566.50 6,179.98 (4,6<strong>13</strong>.48)Owners' EquityOwners' Equity3300 - Retained Earnings - Replacemen 598,260.69 598,260.690.00Total Owners' Equity 598,260.69 598,260.69 0.00Total Owners' Equity598,260.69 598,260.69 0.00Replacement Income / (Loss)(14,018.88)11,736.67(25,755.55)Total Liabilities and Owner Equity585,808.31616,177.34(30,369.03)Printed by Jennifer Lowther on Wed Jul 10, 20<strong>13</strong> 10:01 amPage 4 of 4
Income Statement Report<strong>Southpark</strong> <strong>HOA</strong> #2OperatingJune 01, 20<strong>13</strong> thru June 30, 20<strong>13</strong>ActualCurrent PeriodBudgetVarianceYear to Date (6 months)Actual Budget VarianceAnnualBudgetBudgetRemainingIncomeIncome4000 - Assessments 63,020.00 63,020.00 0.00 378,120.00 378,120.00 0.00 756,240.00 378,120.004010 - Replacement Transfer (11,508.00) (11,508.00) 0.00 (69,048.00) (69,048.00) 0.00 (<strong>13</strong>8,096.00) (69,048.00)4040 - Late Charges 225.00 400.00 (175.00) 2,625.00 2,400.00 225.00 4,800.00 2,175.004102 - Legal Fee Recovery 239.07 533.00 (293.93) 5,498.71 3,200.00 2,298.71 6,400.00 901.294330 - Pool 190.00 0.00 190.00290.00 0.00 290.00 0.00 (290.00)4340 - Keys 0.00 0.00 0.00110.00 0.00 110.00 0.00 (110.00)4390 - Rec Center Rent and Fees 160.00 125.00 35.00 1,200.00 750.00 450.00 1,500.00 300.004700 - Interest 0.33 0.00 0.333.24 0.00 3.24 0.00 (3.24)Total Income 52,326.40 52,570.00 (243.60) 318,798.95 315,422.00 3,376.95 630,844.00 312,045.05Total Operating Income 52,326.40 52,570.00 (243.60) 318,798.95 315,422.00 3,376.95 630,844.00 312,045.05ExpenseAdministration5000 - Master Insurance 0.00 0.00 0.00 8,891.00 8,975.00 (84.00) 8,975.00 84.005035 - Management Fee 2,657.80 2,658.00 (0.20) 16,021.80 15,947.00 74.80 31,894.00 15,872.205070 - Accounting Fee 1,781.00 1,781.00 0.00 10,686.00 10,686.00 0.00 21,372.00 10,686.005105 - Audit 0.00 0.00 0.00 2,321.90 2,400.00 (78.10) 2,400.00 78.105140 - Legal Collections 239.07 667.00 (427.93) 5,498.71 4,000.00 1,498.71 8,000.00 2,501.295142 - Legal - Corporate 0.00 50.00 (50.00) (834.50) 300.00 (1,<strong>13</strong>4.50) 600.00 1,434.505180 - Dues/Web Maintenance 0.00 375.00 (375.00)487.00 837.00 (350.00) 1,000.00 5<strong>13</strong>.005210 - Security/Patrol Services 0.00 2,074.00 (2,074.00)0.00 2,544.00 (2,544.00) 7,572.00 7,572.005420 - Income Taxes 0.00 125.00 (125.00)0.00 250.00 (250.00) 500.00 500.005490 - Bad Debt 0.00 50.00 (50.00)0.00 300.00 (300.00) 600.00 600.005525 - Postage,Printing,Copies 202.24 216.00 (<strong>13</strong>.76) 1,520.99 1,296.00 224.99 5,000.00 3,479.015595 - Newsletter 175.00 175.00 0.00 1,050.00 1,050.00 0.00 2,100.00 1,050.005805 - Bank Charges 0.00 0.00 0.000.00 20.00 (20.00) 40.00 40.00Printed by Jennifer Lowther on Wed Jul 10, 20<strong>13</strong> 10:01 am Page 1 of 4
Income Statement Report<strong>Southpark</strong> <strong>HOA</strong> #2OperatingJune 01, 20<strong>13</strong> thru June 30, 20<strong>13</strong>ActualCurrent PeriodBudgetVarianceYear to Date (6 months)Actual Budget VarianceAnnualBudgetBudgetRemainingExpenseAdministration5950 - Contigency 0.00 583.00 (583.00)0.00 3,500.00 (3,500.00) 7,000.00 7,000.00Total Administration 5,055.11 8,754.00 (3,698.89) 45,642.90 52,105.00 (6,462.10) 97,053.00 51,410.10Grounds6200 - Landscape Contract 7,567.58 7,568.00 (0.42) 45,405.48 45,4<strong>06</strong>.00 (0.52) 90,811.00 45,405.526210 - Snow Removal 0.00 0.00 0.00 36,589.47 30,000.00 6,589.47 45,000.00 8,410.536220 - Sprinkler Repairs 4,032.42 3,000.00 1,032.42 11,397.42 9,000.00 2,397.42 21,000.00 9,602.586232 - ET Data Services 0.00 0.00 0.00 6,766.00 6,800.00 (34.00) 6,800.00 34.0<strong>06</strong>240 - Street Sweeping 0.00 0.00 0.000.00 825.00 (825.00) 825.00 825.0<strong>06</strong>260 - Common Area Lights 2,580.75 3,667.00 (1,086.25) 2,870.93 4,502.00 (1,631.07) 5,500.00 2,629.076285 - Miscellaneous 327.64 500.00 (172.36) 1,759.74 3,000.00 (1,240.26) 6,000.00 4,240.266348 - Debris Removal 0.00 410.00 (410.00)783.00 2,460.00 (1,677.00) 4,920.00 4,<strong>13</strong>7.0<strong>06</strong>378 - Trees/Shrubs/Grass/Flowers 469.00 10,500.00 (10,031.00) 4,881.01 18,800.00 (<strong>13</strong>,918.99) 24,000.00 19,118.996380 - Tree Spraying 0.00 0.00 0.00 15,047.16 9,608.00 5,439.16 18,375.00 3,327.84Total Grounds 14,977.39 25,645.00 (10,667.61) 125,500.21 <strong>13</strong>0,401.00 (4,900.79) 223,231.00 97,730.79Recreation6501 - Painting & Misc 0.00 25.00 (25.00)0.00 150.00 (150.00) 300.00 300.0<strong>06</strong>502 - Minor Repairs 0.00 75.00 (75.00)<strong>13</strong>2.29 450.00 (317.71) 900.00 767.716510 - Swimming Pool/Spas 4,080.00 4,080.00 0.00 10,166.34 10,167.00 (0.66) 22,407.00 12,240.666512 - Pool Chemicals 1,385.00 1,000.00 385.00 3,160.00 2,000.00 1,160.00 5,000.00 1,840.0<strong>06</strong>5<strong>13</strong> - Repairs/Maintenance 0.00 300.00 (300.00)850.00 600.00 250.00 1,500.00 650.0<strong>06</strong>514 - Passes/Supplies 0.00 0.00 0.0<strong>06</strong>50.34 400.00 250.34 400.00 (250.34)6520 - Tennis Courts 0.00 300.00 (300.00)232.90 600.00 (367.10) 900.00 667.1<strong>06</strong>550 - Community Activities 0.00 0.00 0.000.00 0.00 0.00 6,000.00 6,000.0<strong>06</strong>580 - Janitorial/Housekeeping 95.00 0.00 95.00298.08 400.00 (101.92) 750.00 451.926590 - Gas & Electric 2,033.56 2,625.00 (591.44) 3,101.95 3,965.00 (863.05) 9,000.00 5,898.05Printed by Jennifer Lowther on Wed Jul 10, 20<strong>13</strong> 10:01 am Page 2 of 4
Income Statement Report<strong>Southpark</strong> <strong>HOA</strong> #2OperatingJune 01, 20<strong>13</strong> thru June 30, 20<strong>13</strong>ActualCurrent PeriodBudgetVarianceYear to Date (6 months)Actual Budget VarianceAnnualBudgetBudgetRemainingExpenseRecreation6610 - Telephone 70.78 73.00 (2.22)426.41 438.00 (11.59) 865.00 438.59Total Recreation 7,664.34 8,478.00 (8<strong>13</strong>.66) 19,018.31 19,170.00 (151.69) 48,022.00 29,003.69Utilities6707 - Electric 648.89 750.00 (101.11) 4,144.66 4,500.00 (355.34) 9,000.00 4,855.346710 - Water & Sewer 26,975.60 21,755.00 5,220.60 76,115.64 65,745.00 10,370.64 201,225.00 125,109.366760 - Trash 4,356.60 4,357.00 (0.40) 26,<strong>13</strong>9.00 26,140.00 (1.00) 52,279.00 26,140.00Total Utilities 31,981.09 26,862.00 5,119.09 1<strong>06</strong>,399.30 96,385.00 10,014.30 262,504.00 156,104.70Total Operating Expense 59,677.93 69,739.00 (10,<strong>06</strong>1.07) 296,560.72 298,<strong>06</strong>1.00 (1,500.28) 630,810.00 334,249.28Total Operating Income / (Loss) (7,351.53) (17,169.00) 9,817.47 22,238.23 17,361.00 4,877.2334.00 (22,204.23)Printed by Jennifer Lowther on Wed Jul 10, 20<strong>13</strong> 10:01 am Page 3 of 4
Income Statement Report<strong>Southpark</strong> <strong>HOA</strong> #2ReplacementJune 01, 20<strong>13</strong> thru June 30, 20<strong>13</strong>ActualCurrent PeriodBudgetVarianceYear to Date (6 months)Actual Budget VarianceAnnualBudgetBudgetRemainingIncomeReplacement Income8000 - Replacement - Restricted 11,508.00 11,508.00 0.00 69,048.00 69,048.00 0.00 <strong>13</strong>8,096.00 69,048.008650 - Premium/Discount 0.00 0.00 0.00 (4,230.07) 0.00 (4,230.07) 0.00 4,230.078670 - Replacement-Denver Water Rebate 0.00 0.00 0.00 17,824.73 0.00 17,824.73 0.00 (17,824.73)8700 - Interest 462.23 400.00 62.23 2,891.77 2,400.00 491.77 4,800.00 1,908.23Total Replacement Income 11,970.23 11,908.00 62.23 85,534.43 71,448.00 14,086.43 142,896.00 57,361.57Total Replacement Income 11,970.23 11,908.00 62.23 85,534.43 71,448.00 14,086.43 142,896.00 57,361.57ExpenseReplacement Expenses9105 - Landscape Renovation 3,816.50 0.00 3,816.50 5,274.48 0.00 5,274.48 0.00 (5,274.48)9107 - Sprinklers 0.00 0.00 0.00 12,314.00 9,116.00 3,198.00 9,116.00 (3,198.00)9110 - Asphalt/Road 35,645.16 0.00 35,645.16 35,645.16 0.00 35,645.16 32,899.00 (2,746.16)9115 - Concrete 0.00 0.00 0.000.00 0.00 0.00 21,879.00 21,879.009125 - Retaining Walls 0.00 0.00 0.00 3,993.20 6,078.00 (2,084.80) 6,078.00 2,084.809<strong>13</strong>0 - Mulch Bed Dressing 0.00 0.00 0.00 5,528.00 4,558.00 970.00 4,558.00 (970.00)9140 - Trees 0.00 0.00 0.00 24,986.00 28,116.00 (3,<strong>13</strong>0.00) 28,116.00 3,<strong>13</strong>0.009170 - Lighting Replace/Improve (1,735.88) 709.00 (2,444.88)0.00 4,254.00 (4,254.00) 8,508.00 8,508.009205 - Clubhouse 0.00 0.00 0.00 11,794.47 5,956.00 5,838.47 5,956.00 (5,838.47)9210 - Pool/Spa 0.00 0.00 0.000.00 0.00 0.00 7,293.00 7,293.009520 - Bank Charges 0.00 0.00 0.0018.00 0.00 18.00 0.00 (18.00)Total Replacement Expenses 37,725.78 709.00 37,016.78 99,553.31 58,078.00 41,475.31 124,403.00 24,849.69Total Replacement Expense 37,725.78 709.00 37,016.78 99,553.31 58,078.00 41,475.31 124,403.00 24,849.69Total Replacement Income / (Loss) (25,755.55) 11,199.00 (36,954.55) (14,018.88) <strong>13</strong>,370.00 (27,388.88) 18,493.00 32,511.88Total Association Net Income / (Loss) (33,107.08) (5,970.00) (27,<strong>13</strong>7.08) 8,219.35 30,731.00 (22,511.65) 18,527.00 10,307.65Printed by Jennifer Lowther on Wed Jul 10, 20<strong>13</strong> 10:01 am Page 4 of 4
Change language