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(Attachments not included)
Balance Sheet
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Feb 22,
06 |
| ASSETS |
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Current
Assets |
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Checking/Savings |
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Checking
Account-81081961 |
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Hall Rental Replacement Fee |
2,875.00 |
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Checking Account-81081961 - Other |
2,624.33 |
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Total
Checking Account-81081961 |
5,499.33 |
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Money
Market Account-16600942 |
145,662.60 |
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Special
Fund Account-90555600 |
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Bonnet Daze |
1,796.72 |
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Playground |
9,064.54 |
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Total
Special Fund Account-90555600 |
10,861.26 |
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Capital
Funds Account-90713550 |
21,769.07 |
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Historical
Comm. MM-89973019 |
1,149.55 |
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Land
Trust MM Acccount-90313320 |
6,718.75 |
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Total
Checking/Savings |
191,660.56 |
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Total
Current Assets |
191,660.56 |
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Fixed
Assets |
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Land |
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1,146,160.00 |
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Community
Center Building |
167,000.00 |
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Other
Properties & Structures |
122,200.00 |
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Furniture
& Equipment |
20,584.92 |
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Total
Fixed Assets |
1,455,944.92 |
| TOTAL
ASSETS |
1,647,605.48 |
| LIABILITIES
& EQUITY |
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Liabilities |
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Current
Liabilities |
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Accounts
Payable |
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Other Accrued Liabilities |
-62.91 |
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Total
Accounts Payable |
-62.91 |
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Other
Current Liabilities |
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Hall Rental Refunds Payable |
3,650.00 |
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Payroll Liabilities |
115.03 |
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Performance Bond |
1,000.00 |
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Total
Other Current Liabilities |
4,765.03 |
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Total
Current Liabilities |
4,702.12 |
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Total
Liabilities |
4,702.12 |
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Equity |
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Opening
Bal Equity |
-630.48 |
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Retained
Earnings |
1,562,928.28 |
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Net
Income |
80,605.56 |
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Total
Equity |
1,642,903.36 |
| TOTAL
LIABILITIES & EQUITY |
1,647,605.48 |
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Profit & Loss Statement
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Jul 1, '05 -
Feb 22, 06 |
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Budget |
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$ Over Budget |
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Ordinary
Income/Expense |
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Income |
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Prior
Yr Surplus (Deficit) |
0.00 |
|
4,108.00 |
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-4,108.00 |
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Camp
Proceeds |
9,466.00 |
|
9,170.00 |
|
296.00 |
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Fund
Raising |
0.00 |
|
0.00 |
|
0.00 |
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Grants |
0.00 |
|
0.00 |
|
0.00 |
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Hall
Rental Equip Repl Fee |
-272.56 |
|
0.00 |
|
-272.56 |
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Hall
Rental Fees |
3,225.00 |
|
4,000.00 |
|
-775.00 |
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Interest
Earned - Bank Accts |
878.31 |
|
1,200.00 |
|
-321.69 |
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Interest
Income - Taxes |
397.60 |
|
400.00 |
|
-2.40 |
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Mooring/Harbor
Fees |
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Mooring Fees |
810.00 |
|
6,000.00 |
|
-5,190.00 |
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Mooring Wait List |
140.00 |
|
100.00 |
|
40.00 |
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Ramp Fees |
165.00 |
|
810.00 |
|
-645.00 |
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Mooring/Harbor Fees - Other |
20.00 |
|
0.00 |
|
20.00 |
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Total
Mooring/Harbor Fees |
1,135.00 |
|
6,910.00 |
|
-5,775.00 |
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Newsletter
Advertising |
2,630.00 |
|
2,500.00 |
|
130.00 |
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Other
Income |
0.00 |
|
0.00 |
|
0.00 |
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Permits/Plans
Fees |
800.00 |
|
400.00 |
|
400.00 |
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Road
Race/Bonnet Daze |
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Race Proceeds |
6,383.61 |
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0.00 |
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6,383.61 |
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Race Expenses |
-4,359.11 |
|
0.00 |
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-4,359.11 |
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Bonnet Daze |
-787.98 |
|
0.00 |
|
-787.98 |
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Transfer to Special Account |
-1,236.52 |
|
0.00 |
|
-1,236.52 |
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Road Race/Bonnet Daze - Other |
0.00 |
|
0.00 |
|
0.00 |
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Total
Road Race/Bonnet Daze |
0.00 |
|
0.00 |
|
0.00 |
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Taxes
Collected - Current Year |
217,594.46 |
|
219,270.00 |
|
-1,675.54 |
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Taxes
Collected - Prior Years |
6,480.59 |
|
0.00 |
|
6,480.59 |
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Taxes
Refunded - Prior Years |
0.00 |
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0.00 |
|
0.00 |
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Website
Advertising |
0.00 |
|
3,000.00 |
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-3,000.00 |
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Total
Income |
242,334.40 |
|
250,958.00 |
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-8,623.60 |
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Expense |
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Admin.
Exp. |
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Administrative Postage |
111.00 |
|
250.00 |
|
-139.00 |
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Annual Meeting Expense |
1,380.24 |
|
1,300.00 |
|
80.24 |
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Auto Milage Reimbursement |
0.00 |
|
0.00 |
|
0.00 |
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Bank Charges |
13.98 |
|
50.00 |
|
-36.02 |
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Council Discretionary Expense |
75.00 |
|
100.00 |
|
-25.00 |
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Decals & Flag expense |
0.00 |
|
0.00 |
|
0.00 |
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Hall Rental Security Refund |
0.00 |
|
0.00 |
|
0.00 |
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Insurance |
5,139.00 |
|
6,500.00 |
|
-1,361.00 |
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Interest on Bank Loan |
0.00 |
|
0.00 |
|
0.00 |
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Land Trust Operating Alloc'n |
895.00 |
|
1,000.00 |
|
-105.00 |
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Lawsuit Settlement |
0.00 |
|
0.00 |
|
0.00 |
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Legal Fees |
3,500.00 |
|
5,500.00 |
|
-2,000.00 |
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Master Plan Printing & Postage |
0.00 |
|
0.00 |
|
0.00 |
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Monthly Meeting Expense |
0.00 |
|
100.00 |
|
-100.00 |
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Newsletter Editor Salary |
300.00 |
|
700.00 |
|
-400.00 |
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Newsletter Postage & Printing |
3,968.77 |
|
5,200.00 |
|
-1,231.23 |
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Office Equipment |
0.00 |
|
0.00 |
|
0.00 |
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Office Supplies |
762.80 |
|
1,000.00 |
|
-237.20 |
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Payroll Services |
273.86 |
|
300.00 |
|
-26.14 |
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Professional Services |
0.00 |
|
3,500.00 |
|
-3,500.00 |
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Public Awareness Programs |
0.00 |
|
100.00 |
|
-100.00 |
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Staff ads |
0.00 |
|
0.00 |
|
0.00 |
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Tax Collection Costs |
1,117.15 |
|
1,600.00 |
|
-482.85 |
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Tax Sale Expenses |
2,387.94 |
|
0.00 |
|
2,387.94 |
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Web Site Expenses |
0.00 |
|
350.00 |
|
-350.00 |
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Webmaster Fee (50% adv inc) |
0.00 |
|
1,325.00 |
|
-1,325.00 |
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Admin. Exp. - Other |
0.00 |
|
0.00 |
|
0.00 |
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Total
Admin. Exp. |
19,924.74 |
|
28,875.00 |
|
-8,950.26 |
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Beach
Exp |
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Beach Bus |
6,692.93 |
|
6,000.00 |
|
692.93 |
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Beach Cleanup |
5,150.00 |
|
10,000.00 |
|
-4,850.00 |
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Beach Improvements |
0.00 |
|
0.00 |
|
0.00 |
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Beach Salaries |
10,367.64 |
|
9,500.00 |
|
867.64 |
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Beach Supplies |
145.05 |
|
600.00 |
|
-454.95 |
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Staff ads |
0.00 |
|
0.00 |
|
0.00 |
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Beach Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
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Total
Beach Exp |
22,355.62 |
|
26,100.00 |
|
-3,744.38 |
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Day
Camp Exp |
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Camp Salaries |
8,530.01 |
|
8,600.00 |
|
-69.99 |
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|
Camp Supplies |
800.00 |
|
1,000.00 |
|
-200.00 |
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Playground Improvements |
0.00 |
|
0.00 |
|
0.00 |
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Day Camp Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
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Total
Day Camp Exp |
9,330.01 |
|
9,600.00 |
|
-269.99 |
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FUI |
|
0.00 |
|
0.00 |
|
0.00 |
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|
Hall
Exp |
|
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|
|
|
|
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|
Hall Cleaning |
0.00 |
|
0.00 |
|
0.00 |
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Hall Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
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Total
Hall Exp |
0.00 |
|
0.00 |
|
0.00 |
|
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|
Harbor
Exp |
|
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|
|
|
|
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|
Harbor Exp Water |
0.00 |
|
0.00 |
|
0.00 |
|
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|
Harbor Maintenance |
145.01 |
|
1,000.00 |
|
-854.99 |
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|
Harbor Supplies |
254.06 |
|
700.00 |
|
-445.94 |
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|
Harbormaster Pay |
1,150.00 |
|
2,300.00 |
|
-1,150.00 |
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|
Harbor Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
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Total
Harbor Exp |
1,549.07 |
|
4,000.00 |
|
-2,450.93 |
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Payroll |
|
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|
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|
Payroll taxes |
3,208.12 |
|
3,695.00 |
|
-486.88 |
|
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|
Clerk's Pay |
900.00 |
|
1,800.00 |
|
-900.00 |
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|
FICA |
0.00 |
|
0.00 |
|
0.00 |
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|
FWI |
0.00 |
|
0.00 |
|
0.00 |
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Manager's Salary |
11,421.50 |
|
17,000.00 |
|
-5,578.50 |
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|
MEDI |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
SDI |
0.00 |
|
0.00 |
|
0.00 |
|
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|
|
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 |
19,779.62 |
|
30,995.00 |
|
-11,215.38 |
|
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|
Property
Exp |
|
|
|
|
|
|
|
|
|
Beautification |
609.07 |
|
2,500.00 |
|
-1,890.93 |
|
|
|
|
Chair Replacement |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Electricity |
1,109.26 |
|
1,250.00 |
|
-140.74 |
|
|
|
|
Furniture Repair |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Maintenance |
1,850.51 |
|
1,500.00 |
|
350.51 |
|
|
|
|
Natural Gas |
1,195.53 |
|
2,300.00 |
|
-1,104.47 |
|
|
|
|
Pond |
0.00 |
|
500.00 |
|
-500.00 |
|
|
|
|
Property Taxes |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
|
Telephone |
758.03 |
|
1,450.00 |
|
-691.97 |
|
|
|
|
Water |
126.83 |
|
130.00 |
|
-3.17 |
|
|
|
|
Property Exp - Other |
0.00 |
|
0.00 |
|
0.00 |
|
|
|
Total
Property Exp |
5,649.23 |
|
9,630.00 |
|
-3,980.77 |
|
|
|
Public
Works |
|
|
|
|
|
|
|
|
|
Clear Breachway |
1,050.00 |
|
1,400.00 |
|
-350.00 |
|
|
|
|
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 |
82,797.21 |
|
137,400.00 |
|
-54,602.79 |
|
|
|
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 |
161,137.09 |
|
246,850.00 |
|
-85,712.91 |
|
Net
Ordinary Income |
81,197.31 |
|
4,108.00 |
|
77,089.31 |
|
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 |
|
0.00 |
|
|