VILLAGES OF WISP ASSOCIATION |
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STATEMENT OF REVENUE AND EXPENSES - OPERATING FUND |
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FOR YEAR 2012 Budget Plan |
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2012 |
2011 |
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Estimated |
Estimated |
Variance |
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Budget |
Actuals |
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BEGINNING BALANCE: |
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RECEIPTS: |
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Assessments |
152,000.00 |
152,000.00 |
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Late Fees |
500.00 |
571.72 |
(71.72) |
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Dock Rentals |
7,500 |
7,835 |
(335.00) |
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Interest on Checking |
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Capital Contributions |
1,200.00 |
1,540.00 |
(340.00) |
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TOTAL RECEIPTS |
161,200.00 |
161,946.72 |
(746.72) |
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RESERVE/ SAVINGS ACCT. TRANS. |
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CAPITAL CONTRIBUTION TRANSFER |
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TOTAL INFLOWS: |
161,200.00 |
161,946.72 |
(746.72) |
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EXPENSES: |
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Depreciation |
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Dock Expense |
4,000.00 |
3,928.64 |
71.36 |
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Home Owner Meet. |
1,000.00 |
1,000.00 |
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Insurance |
2,700.00 |
2,621.00 |
79.00 |
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Landscaping/Mowing |
23,640.00 |
21,319.45 |
2,320.55 |
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Mulch, Fertilzer, Plants |
10,000.00 |
- |
10,000.00 |
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License |
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Management Fee |
15,840.00 |
14,472.00 |
1,368.00 |
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Miscellaneous |
150.00 |
133.20 |
16.80 |
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Office Expense |
200.00 |
204.77 |
(4.77) |
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Newsletter Printing |
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Postage |
300.00 |
272.00 |
28.00 |
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Prof. Fee - Audit |
2,600.00 |
2,550.00 |
50.00 |
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Prof. Fee - Legal |
2,000.00 |
1,000.00 |
1,000.00 |
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Engineering Evaluation |
1,700.00 |
2,596.50 |
(896.50) |
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Rep. Main. Grounds/Tree Removal/McHenry Cove Shoreline |
2,000.00 |
1,483.07 |
516.93 |
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Rep. Main. Roads/McHenry Cove Parking Lot |
6,000.00 |
4,487.60 |
1,512.40 |
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Signs |
500.00 |
$ - |
500.00 |
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Snow Removal |
25,946.00 |
24,869.33 |
1,076.67 |
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Taxes - Fed/State |
125.00 |
125.00 |
- |
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Telephone Exp. |
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Trash Removal |
16,000.00 |
15,244.34 |
755.66 |
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Electric |
4,499.00 |
4,439.82 |
59.18 |
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Personal Prop. Tax |
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Buffer Zone Purchase |
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TOTAL DISBURSEMENTS |
119,200.00 |
100,746.72 |
18,453.28 |
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Transfers to Other Accounts |
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Parking Lot /Roads Updgrade Reserve Fund |
42,000.00 |
61,200.00 |
(19,200.00) |
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Trans. To Reserve |
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Total To Other Accounts |
42,000.00 |
61,200.00 |
19,200.00 |
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TOTAL DISBURSEMENTS |
161,200.00 |
161,946.72 |
746.72 |
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