Approved 2009 Budget
  Item   2008 Actual    2008 Budget   YTD Variance    2009 Budget 
Income        
           
  Dues  $           84,198.58  $           85,400.00  $            (1,201.42)  $           84,200.00
  Design Review Fees/Packet Revenue  $           14,806.88  $             7,200.00  $             7,606.88  $             1,000.00
  Design Review Fees - River N.  $                       -    $                510.00  $               (510.00)  $                       -  
  Performance Deposit Interest  $             4,516.22  $             5,000.00  $               (483.78)  $             3,000.00
  Cash Interest  $             3,164.33  $             4,000.00  $               (835.67)  $             3,000.00
  Fines  $           10,000.00  $             2,500.00  $             7,500.00  $             7,500.00
  Late Fees -Dues  $                519.64  $                500.00  $                  19.64  $                100.00
Total Income  $          117,205.65  $          105,110.00  $           12,095.65  $           98,800.00
Operational Expenses        
  Management Fees  $           25,000.08  $           25,000.00  $                   0.08  $           25,000.00
  Decorations  $                       -    $                       -    $                       -    $                       -  
  Legal   $                559.20  $             2,500.00  $            (1,940.80)  $             2,500.00
  Accounting/Tax Preparation  $                350.00  $                250.00  $                100.00  $                400.00
  Bank Charges  $                  20.95  $                  50.00  $                 (29.05)  $                  50.00
  Board Meetings  $                200.00  $                200.00  $                       -    $                200.00
  Design Review Meetings  $             6,800.00  $             9,000.00  $            (2,200.00)  $             6,000.00
  Design Review Meetings - River N.  $                       -    $             2,000.00  $            (2,000.00)  $             1,000.00
  Design Review Guideline Revisions/Packets  $                282.92  $             1,000.00  $               (717.08)  $             1,000.00
  Design Review Expenses  $                941.34  $             1,250.00  $               (308.66)  $             1,250.00
  Maintenanance and Repair   $                       -    $                       -    $                       -    $                       -  
  Postage & Office Supply  $             1,750.72  $             2,000.00  $               (249.28)  $             2,000.00
  Rent  $             1,800.00  $             1,800.00  $                       -    $             1,800.00
  Phone  $                230.43  $                       -    $                230.43  $                250.00
  Insurance Liability  $                526.00  $                550.00  $                 (24.00)  $                600.00
  Insurance D&O  $             2,139.00  $             2,350.00  $               (211.00)  $             2,500.00
  Newsletter  $             1,074.22  $             1,250.00  $               (175.78)  $             1,500.00
  Shelter Corporation  $                860.00  $                860.00  $                       -    $             1,655.00
  Income Tax - Returns  $             3,079.02  $             2,500.00  $                579.02  $             3,000.00
  Assessment Refunds  $                       -    $                       -    $                       -    $                       -  
  Picnic  $             1,705.16  $             2,000.00  $               (294.84)  $             2,000.00
  Dues and Licenses  $                164.00  $                100.00  $                  64.00  $                100.00
  Other Expense  $             5,671.97  $                750.00  $             4,921.97  $                750.00
  Bike Path Expense  $                       -    $                       -    $                       -    $                       -  
Total Expenses    $           53,155.01  $           55,410.00  $            (2,254.99)  $           53,555.00
INCOME IN EXCESS OF EXPENSE  $           64,050.64  $           49,700.00  $           14,350.64  $           45,245.00
Approved 2009 Capital Projects
  Item   2008 Actual    2008 Budget   YTD Variance   2009 Budget 
  Carryover Capital Budget - Previous Yr  $                       -    $           19,000.00  $           19,000.00  $            (3,669.19)
Current/Planned Capital Projects          
  1. Pedestrian/Bike Paths  $           56,330.81  $           60,000.00  $            (3,669.19)  $           75,000.00
           
           
  2. Pavilion Upgrade  $           25,000.00  $           25,000.00  $                       -    $                       -  
           
           
         
           
Total Capital Projects    $           56,330.81  $           60,000.00  $            (3,669.19)  $           75,000.00