|
Back to previous page
(Attachments not included)
Balance Sheet
|
|
|
|
|
Jan 18,
06 |
| ASSETS |
|
|
|
|
Current
Assets |
|
|
|
Checking/Savings |
|
|
|
|
Checking
Account-81081961 |
|
|
|
|
|
Hall Rental Replacement Fee |
2,875.00 |
|
|
|
|
Checking Account-81081961 - Other |
6,044.39 |
|
|
|
Total
Checking Account-81081961 |
8,919.39 |
|
|
|
Money
Market Account-16600942 |
170,536.68 |
|
|
|
Special
Fund Account-90555600 |
|
|
|
|
|
Bonnet Daze |
1,796.72 |
|
|
|
|
Playground |
9,064.54 |
|
|
|
Total
Special Fund Account-90555600 |
10,861.26 |
|
|
|
Capital
Funds Account-90713550 |
21,757.98 |
|
|
|
Historical
Comm. MM-89973019 |
1,149.06 |
|
|
|
Land
Trust MM Acccount-90313320 |
6,715.33 |
|
|
Total
Checking/Savings |
219,939.70 |
|
Total
Current Assets |
219,939.70 |
|
Fixed
Assets |
|
|
|
Land |
|
1,146,160.00 |
|
|
Community
Center Building |
167,000.00 |
|
|
Other
Properties & Structures |
122,200.00 |
|
|
Furniture
& Equipment |
20,584.92 |
|
Total
Fixed Assets |
1,455,944.92 |
| TOTAL
ASSETS |
1,675,884.62 |
| LIABILITIES
& EQUITY |
|
|
Liabilities |
|
|
|
|
Current
Liabilities |
|
|
|
|
Accounts
Payable |
|
|
|
|
|
Other Accrued Liabilities |
27,838.33 |
|
|
|
Total
Accounts Payable |
27,838.33 |
|
|
|
Other
Current Liabilities |
|
|
|
|
|
Hall Rental Refunds Payable |
3,175.00 |
|
|
|
|
Payroll Liabilities |
83.34 |
|
|
|
|
Performance Bond |
1,000.00 |
|
|
|
Total
Other Current Liabilities |
4,258.34 |
|
|
Total
Current Liabilities |
32,096.67 |
|
Total
Liabilities |
32,096.67 |
|
Equity |
|
|
|
|
|
Opening
Bal Equity |
-630.48 |
|
|
Retained
Earnings |
1,562,928.28 |
|
|
Net
Income |
81,490.15 |
|
Total
Equity |
1,643,787.95 |
| TOTAL
LIABILITIES & EQUITY |
1,675,884.62 |
|
|
|
|
|
|
Profit & Loss Statement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jul 1, '05 -
Jan 18, 06 |
|
Budget |
|
$ Over Budget |
|
Ordinary
Income/Expense |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
Prior
Yr Surplus (Deficit) |
0.00 |
|
4,108.00 |
|
-4,108.00 |
|
|
|
Camp
Proceeds |
9,466.00 |
|
9,170.00 |
|
296.00 |
|
|
|
Fund
Raising |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Grants |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Hall
Rental Equip Repl Fee |
-272.56 |
|
0.00 |
|
-272.56 |
|
|
|
Hall
Rental Fees |
3,025.00 |
|
4,000.00 |
|
-975.00 |
|
|
|
Interest
Earned - Bank Accts |
737.39 |
|
1,200.00 |
|
-462.61 |
|
|
|
Interest
Income - Taxes |
364.83 |
|
400.00 |
|
-35.17 |
|
|
|
Mooring/Harbor
Fees |
|
|
|
|
|
|
|
|
|
Mooring Fees |
810.00 |
|
6,000.00 |
|
-5,190.00 |
|
|
|
|
Mooring Wait List |
140.00 |
|
100.00 |
|
40.00 |
|
|
|
|
Ramp Fees |
165.00 |
|
810.00 |
|
-645.00 |
|
|
|
|
Mooring/Harbor Fees - Other |
20.00 |
|
0.00 |
|
20.00 |
|
|
|
Total
Mooring/Harbor Fees |
1,135.00 |
|
6,910.00 |
|
-5,775.00 |
|
|
|
Newsletter
Advertising |
2,630.00 |
|
2,500.00 |
|
130.00 |
|
|
|
Other
Income |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Permits/Plans
Fees |
700.00 |
|
400.00 |
|
300.00 |
|
|
|
Road
Race/Bonnet Daze |
|
|
|
|
|
|
|
|
|
Race Proceeds |
6,383.61 |
|
0.00 |
|
6,383.61 |
|
|
|
|
Race Expenses |
-4,359.11 |
|
0.00 |
|
-4,359.11 |
|
|
|
|
Bonnet Daze |
-787.98 |
|
0.00 |
|
-787.98 |
|
|
|
|
Transfer to Special Account |
-1,236.52 |
|
0.00 |
|
-1,236.52 |
|
|
|
|
Road Race/Bonnet Daze - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Road Race/Bonnet Daze |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Taxes
Collected - Current Year |
216,299.16 |
|
219,270.00 |
|
-2,970.84 |
|
|
|
Taxes
Collected - Prior Years |
6,696.91 |
|
0.00 |
|
6,696.91 |
|
|
|
Taxes
Refunded - Prior Years |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Website
Advertising |
0.00 |
|
3,000.00 |
|
-3,000.00 |
|
|
Total
Income |
240,781.73 |
|
250,958.00 |
|
-10,176.27 |
|
|
Expense |
|
|
|
|
|
|
|
|
Admin.
Exp. |
|
|
|
|
|
|
|
|
|
Administrative Postage |
111.00 |
|
250.00 |
|
-139.00 |
|
|
|
|
Annual Meeting Expense |
1,380.24 |
|
1,300.00 |
|
80.24 |
|
|
|
|
Auto Milage Reimbursement |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Bank Charges |
13.98 |
|
50.00 |
|
-36.02 |
|
|
|
|
Council Discretionary Expense |
75.00 |
|
100.00 |
|
-25.00 |
|
|
|
|
Decals & Flag expense |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Hall Rental Security Refund |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Insurance |
5,139.00 |
|
6,500.00 |
|
-1,361.00 |
|
|
|
|
Interest on Bank Loan |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Land Trust Operating Alloc'n |
895.00 |
|
1,000.00 |
|
-105.00 |
|
|
|
|
Lawsuit Settlement |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Legal Fees |
3,500.00 |
|
5,500.00 |
|
-2,000.00 |
|
|
|
|
Master Plan Printing & Postage |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Monthly Meeting Expense |
0.00 |
|
100.00 |
|
-100.00 |
|
|
|
|
Newsletter Editor Salary |
300.00 |
|
700.00 |
|
-400.00 |
|
|
|
|
Newsletter Postage & Printing |
3,968.77 |
|
5,200.00 |
|
-1,231.23 |
|
|
|
|
Office Equipment |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Office Supplies |
762.80 |
|
1,000.00 |
|
-237.20 |
|
|
|
|
Payroll Services |
273.86 |
|
300.00 |
|
-26.14 |
|
|
|
|
Professional Services |
0.00 |
|
3,500.00 |
|
-3,500.00 |
|
|
|
|
Public Awareness Programs |
0.00 |
|
100.00 |
|
-100.00 |
|
|
|
|
Staff ads |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Tax Collection Costs |
1,117.15 |
|
1,600.00 |
|
-482.85 |
|
|
|
|
Tax Sale Expenses |
1,950.73 |
|
0.00 |
|
1,950.73 |
|
|
|
|
Web Site Expenses |
0.00 |
|
350.00 |
|
-350.00 |
|
|
|
|
Webmaster Fee (50% adv inc) |
0.00 |
|
1,325.00 |
|
-1,325.00 |
|
|
|
|
Admin. Exp. - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Admin. Exp. |
19,487.53 |
|
28,875.00 |
|
-9,387.47 |
|
|
|
Beach
Exp |
|
|
|
|
|
|
|
|
|
Beach Bus |
6,692.93 |
|
6,000.00 |
|
692.93 |
|
|
|
|
Beach Cleanup |
5,150.00 |
|
10,000.00 |
|
-4,850.00 |
|
|
|
|
Beach Improvements |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Beach Salaries |
10,367.64 |
|
9,500.00 |
|
867.64 |
|
|
|
|
Beach Supplies |
145.05 |
|
600.00 |
|
-454.95 |
|
|
|
|
Staff ads |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Beach Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Beach Exp |
22,355.62 |
|
26,100.00 |
|
-3,744.38 |
|
|
|
Day
Camp Exp |
|
|
|
|
|
|
|
|
|
Camp Salaries |
8,530.01 |
|
8,600.00 |
|
-69.99 |
|
|
|
|
Camp Supplies |
800.00 |
|
1,000.00 |
|
-200.00 |
|
|
|
|
Playground Improvements |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Day Camp Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Day Camp Exp |
9,330.01 |
|
9,600.00 |
|
-269.99 |
|
|
|
FUI |
|
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Hall
Exp |
|
|
|
|
|
|
|
|
|
Hall Cleaning |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Hall Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Hall Exp |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Harbor
Exp |
|
|
|
|
|
|
|
|
|
Harbor Exp Water |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Harbor Maintenance |
145.01 |
|
1,000.00 |
|
-854.99 |
|
|
|
|
Harbor Supplies |
254.06 |
|
700.00 |
|
-445.94 |
|
|
|
|
Harbormaster Pay |
1,150.00 |
|
2,300.00 |
|
-1,150.00 |
|
|
|
|
Harbor Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Harbor Exp |
1,549.07 |
|
4,000.00 |
|
-2,450.93 |
|
|
|
Payroll |
|
|
|
|
|
|
|
|
|
Payroll taxes |
3,116.43 |
|
3,695.00 |
|
-578.57 |
|
|
|
|
Clerk's Pay |
900.00 |
|
1,800.00 |
|
-900.00 |
|
|
|
|
FICA |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
FWI |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Manager's Salary |
10,461.50 |
|
17,000.00 |
|
-6,538.50 |
|
|
|
|
MEDI |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
SDI |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
SWI |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Tax Collector's Pay |
2,500.00 |
|
5,000.00 |
|
-2,500.00 |
|
|
|
|
Treasurer's Pay |
1,750.00 |
|
3,500.00 |
|
-1,750.00 |
|
|
|
|
Payroll - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Payroll |
18,727.93 |
|
30,995.00 |
|
-12,267.07 |
|
|
|
Property
Exp |
|
|
|
|
|
|
|
|
|
Beautification |
609.07 |
|
2,500.00 |
|
-1,890.93 |
|
|
|
|
Chair Replacement |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Electricity |
1,007.48 |
|
1,250.00 |
|
-242.52 |
|
|
|
|
Furniture Repair |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Maintenance |
1,765.51 |
|
1,500.00 |
|
265.51 |
|
|
|
|
Natural Gas |
794.86 |
|
2,300.00 |
|
-1,505.14 |
|
|
|
|
Pond |
0.00 |
|
500.00 |
|
-500.00 |
|
|
|
|
Property Taxes |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Telephone |
647.12 |
|
1,450.00 |
|
-802.88 |
|
|
|
|
Water |
126.83 |
|
130.00 |
|
-3.17 |
|
|
|
|
Property Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Property Exp |
4,950.87 |
|
9,630.00 |
|
-4,679.13 |
|
|
|
Public
Works |
|
|
|
|
|
|
|
|
|
Clear Breachway |
800.00 |
|
1,400.00 |
|
-600.00 |
|
|
|
|
Equip. & Tools Maintenance |
0.00 |
|
500.00 |
|
-500.00 |
|
|
|
|
Equip. & Tools Purchase |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Oil & Gas |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
P W Salaries |
1,980.00 |
|
3,000.00 |
|
-1,020.00 |
|
|
|
|
Sanitation |
79,767.21 |
|
132,000.00 |
|
-52,232.79 |
|
|
|
|
Snow Removal |
0.00 |
|
500.00 |
|
-500.00 |
|
|
|
|
Public Works - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Public Works |
82,547.21 |
|
137,400.00 |
|
-54,852.79 |
|
|
|
Recreation
Exp |
|
|
|
|
|
|
|
|
|
Holiday party (income/expense) |
-50.55 |
|
0.00 |
|
-50.55 |
|
|
|
|
Social Activities |
-197.86 |
|
250.00 |
|
-447.86 |
|
|
|
|
Recreation Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Recreation Exp |
-248.41 |
|
250.00 |
|
-498.41 |
|
|
|
Security
Expenses |
|
|
|
|
|
|
|
|
|
Security Salary |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Security Expenses - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Security Expenses |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Uncategorized
Expenses |
0.00 |
|
0.00 |
|
0.00 |
|
|
Total
Expense |
158,699.83 |
|
246,850.00 |
|
-88,150.17 |
|
Net
Ordinary Income |
82,081.90 |
|
4,108.00 |
|
77,973.90 |
|
Other
Income/Expense |
|
|
|
|
|
|
|
Other
Income |
|
|
|
|
|
|
|
|
Capital
Expenditure |
|
|
|
|
|
|
|
|
|
Capital Improvement |
-500.00 |
|
-4,108.00 |
|
3,608.00 |
|
|
|
|
Cash Reserve |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Equipment Replacement Fund |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Land Trust Appropriation |
0.00 |
|
|