| LAKERIDGE HOMEOWNERS' ASSOCIATION | |||||||||
| Comparison of Revenue and Expenses for years ending December 31, 2004 and 2005, | |||||||||
| Revenue/Expenses Jan 1 - May 15th, 2006 | |||||||||
| Proposed 2006 Budget | |||||||||
| 2004 | 2005 | Jan. 1 - May 15, 2006 |
Proposed 2006 Budget |
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| Income | |||||||||
| Dues | $ 5,980.00 | $5,286.00 | 2,480.00 | $ 5,520.00 | 138 of the 302 homes | ||||
| Expenses | |||||||||
| Organization Membership | $ 70.00 | $ 65.00 | $ 70.00 | Must be filed by 7/01/06 | |||||
| Office Expenses | |||||||||
| Office Supplies | $ - | $ 15.28 | 46.34 | $ 100.00 | |||||
| Checks | 18.12 | - | |||||||
| Stamps | 133.20 | 55.04 | 105.30 | 125.00 | |||||
| Host Web Site | - | 439.98 | 500.00 | ||||||
| Web Site Management | - | 100.00 | 100.00 | ||||||
| Church Meeting Room | - | 100.00 | |||||||
| Yard Sales | - | 173.67 | 100.00 | ||||||
| Directory Printing | - | 388.98 | 400.00 | ||||||
| Newsletter/Invoices Copy | 145.33 | 23.71 | 70.74 | 100.00 | |||||
| Bank Fees | - | 6.00 | - | ||||||
| Total Office Expenses | $ 296.65 | $1,302.66 | 222.38 | $ 1,425.00 | |||||
| Social | |||||||||
| Spring Social | $ 733.30 | $ 554.47 | $ 700.00 | ||||||
| Fall Social | 971.00 | 917.87 | 1,000.00 | ||||||
| Christmas | 292.27 | 269.58 | 300.00 | ||||||
| Total Social | $ 1,996.57 | $1,741.92 | - | $ 2,000.00 | |||||
| Entrance | |||||||||
| Mowing | $ 540.00 | $1,108.64 | $ 550.00 | ||||||
| Irrigation System | 115.00 | 120.00 | 120.00 | ||||||
| Electricity | 146.25 | 357.41 | 70.83 | 150.00 | |||||
| Water | 130.79 | 23.43 | 150.00 | ||||||
| Improvements, Plants, etc | 843.99 | 45.85 | 1,000.00 | Need to discuss??? | |||||
| Total Entrance | $ 1,776.03 | $1,586.05 | 140.11 | $ 1,970.00 | |||||
| Total Expenses | $ 4,139.25 | $4,695.63 | $ 362.49 | $ 5,465.00 | |||||
| Net Excess | $ 1,840.75 | $ 590.37 | $ 2,117.51 | $ 55.00 | |||||
| The bank balance as of December 31, 2005 was $4,994.42 | |||||||||
| The bank balance as of April 28, 2006 was $6,130.49 | |||||||||
| $ 4,994.42 | beg. 12-31-05 Book bank balance | ||||||||
| 2,480.00 | deposits to date | ||||||||
| $ (362.49) | expenses to date | ||||||||
| $ 7,111.93 | ending 5/16/06 book bank balance | ||||||||
| $ 6,206.36 | Bank balance per stmt as of 4/28/06 | ||||||||
| outstanding checks | |||||||||
| (45.85) | 907 | ||||||||
| (21.28) | 906 | ||||||||
| (8.74) | 905 | ||||||||
| (113.82) | 509 | ||||||||
| (70.74) | 508 | ||||||||
| outstanding deposits | |||||||||
| 560.00 | 05/09/06 | ||||||||
| 600.00 | 05/16/06 | ||||||||
| $ 7,105.93 | Ending reconciled bank balance as of 5/16/06 | ||||||||
| off by $6.00 | |||||||||