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Balance Sheet

Jun 21, 06
ASSETS
Current Assets
Checking/Savings
General Operating Funds
Checking Account-81081961 3,900.62
Money Market Account-16600942 88,024.17
Total General Operating Funds 91,924.79
Special Fund Account-90555600
Bonnet Daze 1,796.72
Hall Rental Replacement Fee 2,875.00
Playground 9,064.54
Total Special Fund Account-90555600 13,736.26
Capital Funds Account-90713550 21,812.05
Historical Comm. MM-89973019 1,151.44
Land Trust MM Acccount-90313320 8,234.08
Total Checking/Savings 136,858.62
Total Current Assets 136,858.62
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 1,592,803.54
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Other Accrued Liabilities 11,355.44
Total Accounts Payable 11,355.44
Other Current Liabilities
Hall Rental Refunds Payable 6,100.00
Payroll Liabilities 348.05
Performance Bond 1,000.00
Total Other Current Liabilities 7,448.05
Total Current Liabilities 18,803.49
Total Liabilities 18,803.49
Equity
Retained Earnings 1,562,297.80
Net Income 11,702.25
Total Equity 1,574,000.05
TOTAL LIABILITIES & EQUITY 1,592,803.54

Profit & Loss Statement

         
Jul 1, '05 - Jun 21, 06 Budget $ Over Budget
Ordinary Income/Expense
Income
Camp Proceeds 9,466.00 9,170.00 296.00
Hall Rental Equip Repl Fee -514.45 0.00 -514.45
Hall Rental Fees 4,400.00 4,000.00 400.00
Interest Earned - Bank Accts 1,300.08 1,200.00 100.08
Interest Income - Taxes 627.39 400.00 227.39
Mooring/Harbor Fees
Mooring Fees 4,590.00 6,000.00 -1,410.00
Mooring Wait List 160.00 100.00 60.00
Ramp Fees 465.00 810.00 -345.00
Total Mooring/Harbor Fees 5,215.00 6,910.00 -1,695.00
Newsletter Advertising 2,630.00 2,500.00 130.00
Permits/Plans Fees 800.00 400.00 400.00
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
Total Road Race/Bonnet Daze 0.00 0.00 0.00
Taxes Collected - Current Year 219,922.08 219,270.00 652.08
Taxes Collected - Prior Years 3,648.39 0.00 3,648.39
Website Advertising 800.00 3,000.00 -2,200.00
Total Income 248,294.49 246,850.00 1,444.49
Expense
Administrative Expense
Administrative Postage 152.00 250.00 -98.00
Annual Meeting Expense 1,380.24 1,300.00 80.24
Bank Charges 0.00 50.00 -50.00
Council Discretionary Expense 125.00 100.00 25.00
Insurance 5,139.00 6,500.00 -1,361.00
Land Trust Operating Alloc'n 521.06 1,000.00 -478.94
Legal Fees 5,431.25 5,500.00 -68.75
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 Supplies 1,107.43 1,000.00 107.43
Payroll Services 273.86 300.00 -26.14
Professional Services 1,395.00 3,500.00 -2,105.00
Public Awareness Programs 0.00 100.00 -100.00
Tax Collection Costs 1,294.12 1,600.00 -305.88
Web Site Expenses 0.00 350.00 -350.00
Webmaster Fee (50% adv inc) 0.00 1,325.00 -1,325.00
Total Administrative Expense 21,087.73 28,875.00 -7,787.27
Beach Expense
Beach Bus 6,692.93 6,000.00 692.93
Beach Cleanup 5,150.00 10,000.00 -4,850.00
Beach Salaries 10,367.64 9,500.00 867.64
Beach Supplies 598.26 600.00 -1.74
Total Beach Expense 22,808.83 26,100.00 -3,291.17
Day Camp Expense
Camp Salaries 8,530.01 8,600.00 -69.99
Camp Supplies 1,120.00 1,000.00 120.00
Total Day Camp Expense 9,650.01 9,600.00 50.01
Harbor Expense
Harbor Maintenance 777.65 1,000.00 -222.35
Harbor Supplies 541.72 700.00 -158.28
Harbormaster Pay 1,725.00 2,300.00 -575.00
Total Harbor Expense 3,044.37 4,000.00 -955.63
Admin Comp. & Payroll Taxes
Manager's Salary 15,513.50 17,000.00 -1,486.50
Clerk 1,350.00 1,800.00 -450.00
Tax Collector 3,750.00 5,000.00 -1,250.00
Treasurer 2,625.00 3,500.00 -875.00
Payroll taxes 3,651.23 3,695.00 -43.77
Total Admin Comp. & Payroll Taxes 26,889.73 30,995.00 -4,105.27
Property Expense
Beautification 2,546.89 2,500.00 46.89
Electricity 1,475.95 1,250.00 225.95
Maintenance 3,112.17 1,500.00 1,612.17
Natural Gas 2,272.54 2,300.00 -27.46
Pond 500.00 500.00 0.00
Telephone 1,334.70 1,450.00 -115.30
Water 164.62 130.00 34.62
Total Property Expense 11,406.87 9,630.00 1,776.87
Public Works
Clear Breachway 1,050.00 1,400.00 -350.00
Equip. & Tools Maintenance 0.00 500.00 -500.00
Public Works Salaries 2,528.00 3,000.00 -472.00
Sanitation 136,973.88 132,000.00 4,973.88
Snow Removal 110.00 500.00 -390.00
Total Public Works 140,661.88 137,400.00 3,261.88
Recreation (Income) Expense
Holiday Party (Income) Expense -50.55 0.00 -50.55
Social Activities -1,903.38 250.00 -2,153.38
Total Recreation (Income) Expense -1,953.93 250.00 -2,203.93
Total Expense 233,595.49 246,850.00 -13,254.51
Net Ordinary Income 14,699.00 0.00 14,699.00
Other Income/Expense
Other Expense
Capital (Receipts) Expenditure
Appropriation from Checking 0.00 -4,108.00 4,108.00
Playground Fundraising -748.65 0.00 -748.65
Playground Expense 840.40 0.00 840.40
Capital Improvement 2,905.00 4,108.00 -1,203.00
Total Capital (Receipts) Expenditure 2,996.75 0.00 2,996.75
Total Other Expense 2,996.75 0.00 2,996.75
Net Other Income -2,996.75 0.00 -2,996.75
Net Income 11,702.25 0.00 11,702.25