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7/26/2007
8:27 |
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Aston
Woods Homeowners Association |
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Cash
Revenue and Disbursements |
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Actual
Vs. Budget |
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For Six
Months Ending June 30, 2007 |
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ACTUAL YEAR |
For Six Months Ending June 30,
2007 |
Budget |
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2003 |
2004 |
2005 |
2006 |
Actual |
Budget |
Variance |
Year 2007 |
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Assumptions |
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Assessment
per year per unit or lot |
360 |
360 |
360 |
360 |
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360 |
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Aston
Woods, Chadwell, Hawkhurst, Nottingham |
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130 |
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Chestnut |
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170 |
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Yorkshire |
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88 |
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Total units |
- |
- |
- |
- |
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388 |
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Revenue |
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Total Assessments |
$ 61,125
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$
80,484 |
$
92,646 |
$ 121,262 |
$
65,244 |
$
69,840 |
$
(4,596) |
$
139,680 |
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Transfer
from Niehaus |
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6,000 |
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Interest
on bank accounts |
1,066 |
367 |
603 |
510 |
219 |
750 |
(531) |
1,500 |
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Total Revenue |
62,191 |
80,851 |
99,249 |
121,772 |
65,463 |
70,590 |
(5,127) |
141,180 |
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Expenses |
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Chestnut
Park Clubhouse and Pool |
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83,430 |
40,500 |
41,904 |
1,404 |
83,808 |
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Chestnut
Park management fee |
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615 |
2,700 |
2,085 |
5,400 |
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Cincinnati
Gas and Electric |
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2,811 |
1,196 |
1,476 |
280 |
2,952 |
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Cincinnati
Water Works |
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1,212 |
101 |
636 |
535 |
1,273 |
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Common
area outdoor maintenance |
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11,641 |
7,679 |
6,821 |
(859) |
13,641 |
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Clubhouse
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Improvements (A) |
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14,297 |
4,163 |
- |
(4,163) |
- |
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Maintenance and decorations |
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425 |
235 |
- |
(235) |
- |
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Self
storage |
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723 |
- |
(723) |
- |
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Administration |
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Billing and collection |
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2,900 |
1,600 |
1,500 |
(100) |
3,000 |
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Postage, supplies and other |
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743 |
665 |
400 |
(265) |
800 |
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Attorney
(Covenant Transfer) |
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882 |
360 |
500 |
140 |
1,000 |
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Taxes |
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166 |
123 |
100 |
(23) |
200 |
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Bank fees |
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- |
(178) |
(225) |
(47) |
(449) |
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Total Expense |
60,720 |
96,335 |
84,413 |
118,508 |
57,783 |
55,812 |
(1,970) |
111,624 |
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Net Increase (Decrease) in Reserves |
$
1,471 |
$
(15,484) |
$
14,836 |
$
3,264 |
$
7,681 |
$
14,778 |
$
(7,097) |
$
29,556 |
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Reserve,
beginning balance |
$
9,428 |
$
10,899 |
$
(4,585) |
$
10,251 |
$
13,515 |
$
13,515 |
$ - |
$
13,515 |
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Reserve,
ending balance |
$ 10,899
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$
(4,585) |
$
10,251 |
$
13,515 |
$
21,196 |
$
28,293 |
$
(7,097) |
$
43,071 |
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(A)
Nautilus and umbrellas |
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