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Gentry honours budget 2011
This document summarizes the financial information for the Gentry Honours Homeowners Association from 2010 to 2011 and includes a budget comparison for 2012. In 2010, the beginning bank balance was $16,811.82 and expenses totaled $9,902.70. In 2011, income from homeowner fees was $8,348.00 but expenses increased to $12,404.26, resulting in a deficit of $4,056.26. The 2012 budget anticipates income of $8,550.00 but expenses of $10,970.00, resulting in a projected deficit of $2,420.00.
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Gentry honours budget 2011
- 1. 2011 SUMMARY OFPAST YEARS GENTRY HONOURS HOMEOWNERS ASSOC. 2010 2011 10 - '11 2012 Actual Actual Comparison Budget Beginning Bank Balance 16,811.82 $ 7,651.12 $ 3,792.86 $ SOURCE OF FUNDS Homeowner Fees - $ 8,348.00 $ 8,348.00 $ 8,500.00 $ Developer Funding - $ - $ Interest - $ - $ Misc Rev 15.00 $ - $ (15.00) $ 50.00 $ Total Sources 15.00 $ 8,348.00 $ 8,333.00 $ 8,550.00 $ USES OF FUNDS Insurance 280.00 $ 291.00 $ 11.00 $ 300.00 $ Real Estate Taxes 1,022.78 $ 2,597.46 $ 1,574.68 $ 700.00 $ Entry Lights 497.42 $ 235.80 $ (261.62) $ 250.00 $ Street Lights - $ - $ - $ - $ Grounds & Road Maint. 8,102.50 $ 9,070.00 $ 967.50 $ 9,500.00 $ Office Supplies - $ - $ - $ - $ Repairs & Maint. - $ - $ - $ - $ Misc - $ - $ - $ - $ Legal - $ - $ Bank Service Charges - $ 44.00 $ 44.00 $ 50.00 $ Postage - $ 166.00 $ 166.00 $ 170.00 $ Reserves - $ - $ Total Uses 9,902.70 $ 12,404.26 $ 2,501.56 $ 10,970.00 $ EXCESS (DEFICIT) (9,887.70) $ (4,056.26) $ 5,831.44 $ (2,420.00) $ Prior Year Collections - $ Ending Bank Balance 6,924.12 $ 3,594.86 $ (3,329.26) $ 1,372.86 $ Prior Year Dues 727.00 $ 198.00 $ (529.00) $ Following Year Dues - $ - $ - $ End Bank Balance All Funds 7,651.12 $ 3,792.86 $ (3,858.26) $