Financial Summary · 2017/8/31 · 4,304 3 4,301 12,099 3 12,096 165,242 24 165,218 184,424 0...
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Transcript of Financial Summary · 2017/8/31 · 4,304 3 4,301 12,099 3 12,096 165,242 24 165,218 184,424 0...
636 units 636 units
Income Actual Budget Variance Actual Budget Variance Actual Budget Variance Actual Budget Variance
104,809 112,273 (7,464) 115,305 112,273 3,032 941,398 897,776 43,622 858,311 818,007 40,303
Expenses
22,919 19,509 (3,410) 21,052 19,509 (1,543) 125,641 156,072 30,431 104,807 139,559 34,752
2,868 1,542 (1,326) 3,071 1,542 (1,529) 15,417 12,336 (3,081) 13,341 10,160 (3,181)
28,403 34,392 5,989 29,928 34,392 4,464 223,161 275,136 51,975 170,727 245,880 75,153
4,297 8,842 4,545 3,715 8,842 5,127 56,783 70,718 13,935 60,703 64,442 3,739
14,524 20,334 5,810 18,022 20,334 2,312 133,908 162,282 28,374 113,798 148,023 34,225
27,494 27,651 157 27,418 27,651 233 221,246 221,208 (38) 210,511 209,943 (568)
100,505 112,270 11,765 103,206 112,270 9,064 776,156 897,752 121,596 673,887 818,007 144,1214,304 3 4,301 12,099 3 12,096 165,242 24 165,218 184,424 0 184,424
Notes:
Utilities over budget $3,410 due to increased water usage.
Swimming Pools
Annual variance Analysis for Expenses over Budget by more than $10,000:
Land Maintenance
Reserve Transfers
Monthly Variance Analysis for Expenses over Budget by more than $2,000:
Net Surplus/(Deficit)Total Expenses/Budget/Variance
Administration
Contracts, Maint, Repairs
North Rosedale Community Association
Financial Summary
As of August 31, 2017
Budget to Actual Month-to-Month and Year-to-Year Comparison
Utilities
Income Statement Jul-17 Jan-Aug-16Jan-Aug-17Aug-17
Balance Sheet 17-Aug 17-Jul Variance Jan-Aug-17 Jan-Aug-16 Variance Notes
Operating
Liquid Cash 318,989 511,179 (192,190) 318,989 440,947 (121,958)
Investments 975,000 750,000 225,000 975,000 625,000 350,000
1,293,989 1,261,179 32,810 1,293,989 1,065,947 228,042
Reserve
Liquid Cash 565,985 586,491 (20,506) 565,985 638,494 (72,509)
Investments 1,208,000 1,160,000 48,000 1,208,000 844,170 363,830
1,773,985 1,746,491 27,494 1,773,985 1,482,664 291,321
Income Statement 17-Aug 17-Jul Variance Jan-Aug-17 Jan-Aug-16 Variance
Net Income or (Loss)
104,809 115,305 (10,496) 941,398 858,311 83,087 2
Number of units subject to Assessments 636 units 636 units 0 units 636 units 558 units 78 units
Expenses
Utilities 22,919 21,052 1,867 125,641 104,807 20,835 3
Swimming Pools 2,868 3,071 (203) 15,417 13,341 2,076
Land Maintenance 28,403 29,928 (1,525) 223,161 170,727 52,434 4
Contracts, Maint, Repairs 4,297 3,715 583 56,783 60,703 (3,920)
Administration 14,524 18,022 (3,498) 133,908 113,798 20,110 5
Reserve 27,494 27,418 75 221,246 210,511 10,735 6
Total Expenses 100,505 103,206 (2,701) 776,156 673,887 102,269
Net Surplus/(Deficit) 4,304 12,099 (7,795) 165,242 184,424 (19,182)
AR Aging Report 17-Aug 17-Jul Variance Jan-Aug-17 Jan-Aug-16 Variance
Current 3,717 13,983 (10,266) 3,717 13,326 (9,609) 7
30-60 1,302 1,308 (7) 1,302 4,190 (2,888)
60-90 487 175 311 487 1,314 (828)
90+ 8,618 8,554 64 8,618 10,171 (1,553)
Violations 147,560 156,515 (8,955) 147,560 96,766 50,794 8
Statement of Cash Flow 17-Aug 17-Jul Variance Jan-Aug-17 Jan-Aug-16 Variance
51,684 23,474 28,210 382,891 363,382 19,509
Notes:
1 Variance in Liquid Cash/Investments due to Purchases of CDs
2 Variance in Income due to Phasing & CC&R Violations
7 Variance in Current due to increased cash receipts
8 Variance in Violations due to reversal of violations
1 Variance in Operating/Reserve Liquid Cash from 2016 to 2017 is due to Phasing
1 Variance in Operating/Reserve Investments from 2016 to 2017 is due to purchases and redemptions
2 Variance in YTD Income due to Phasing & CC&R Violations
3 Variance in YTD Utilities due to increased water usage
4 Variance in YTD Land Maint. due to increase in contract landscape maintenance
5 Variance in YTD Administration due to management fees and printing/mailing/supplies
6 Variance in YTD Reserve deposits due to increased reserve transfers
8 Variance in YTD Violations due to increase in ARC & NOC violations
Year-To-Year Variance Analysis for amount greater than $10,000
North Rosedale Community Association
Financial Summary
Actuals Month-to-Month and Year-to-Year Comparison
As of August 31, 2017
1
1
Month-To-Month Variance Analysis for amount greater than $5,000
August 31, 2017 July 31, 2017 June 30, 2017
Beginning Cash Balance
City National Bank - 1000 239,668 467,914 467,801
Morgan Stanley MMA - 1003 271,511 46,129 45,736
Total Operating Investments 750,000 750,000 750,000
Total Operating Funds 1,261,179 1,264,044 1,263,538
Income
Assessment Income (Cash basis) 130,565 99,226 114,672
Miscellaneous Income 1,710 1,155 2,295
Total Cash Received 132,275 100,381 116,967
Operating Expenses
Utilities 16,872 14,776 14,158
Land Maintenance 22,212 21,709 27,000
Contracts, Maintenance & Repairs 0 0 0
Administration 9,846 12,478 14,046
Reserve Funding 18,396 18,396 18,396
Total Operating Expenses 67,326 67,358 73,600
Mapleton Operating Expenses
Mapleton Utilities 742 570 542
Mapleton Land Maintenance 208 6,152 2,239
Mapleton Contracts, Maintenance, & Repairs 139 321 972
Mapleton Administration 0 300 0
Mapleton Reserve Funding 2,527 2,527 2,527
Total Mapleton Operating Expenses 3,616 9,870 6,281
Shared Cost Operating Expenses
Shared Cost Utilities 5,305 5,707 6,376
Shared Cost Swimming Pools 2,868 3,071 2,817
Shared Cost Land Maintenance 5,983 2,067 1,696
Shared Cost Contracts, Maintenance, & Repairs 4,158 3,394 8,226
Shared Cost Administration 3,599 4,165 7,411
Shared Cost Reserve Funding 6,496 6,496 6,496
Total Shared Cost Operating Expenses 28,409 24,900 33,023
Total Association Operating Expenses 99,351 102,128 112,904
Other Uses of Cash
Prepaid Insurance 9 0 0
Due From Reserves 0 0 0
Transfer Funds 0 225,000 0
Refundable Deposits (Landscape & Clubhouse) 500 1,500 3,950
Total Other Uses of Cash 509 226,500 3,950
Total Cash Disbursments 99,860 328,628 116,854
Net Change to Operating Cash 32,415 (228,247) 113
Total Operating Cash 1,293,594 1,035,797 1,263,651
Operating Cash Distribution:
City National Bank - 1000 272,083 239,668 467,914
Morgan Stanley MMA - 1003 46,907 271,511 46,129
Total Operating Investments 975,000 750,000 750,000
Total Operating Funds 1,293,989 1,261,179 1,264,044
North Rosedale Community Association
Operating Cash Flow
Reserve Cash Flow
August 31, 2017 July 31, 2017 June 30, 2017
Reserve
Morgan Stanley MMA - 1030 176,804 158,419 440,257
City National Mapleton MMA - 1100 131,439 128,908 142,765
Morgan Stanley Shared Cost MMA - 1205 278,248 271,746 287,311
Total Reserve Investments 1,160,000 1,160,000 860,000
Total Reserve Funds 1,746,491 1,719,073 1,730,333
Additions to Reserve Fund
Reserve Funding 18,396 18,396 18,396
Interest 58 (11) (234)
Total Additions to Reserve Fund 18,454 18,385 18,162
Additions to Mapleton Reserve Fund
Mapleton Reserve Funding 2,527 2,527 2,527
Mapleton Interest 4 4 6
Total Additions to Mapleton Reserve Fund 2,531 2,531 2,533
Additions to Shared Cost Reserve Fund
Shared Cost Reserve Funding 6,496 6,496 6,496
Due To Operating 0 0 0
Shared Cost Interest 12 6 3
Total Additions to Shared Cost Reserve Fund 6,508 6,502 6,499
Total Additions to Association Reserve Fund 27,494 27,418 27,194
Reserve Expenses
Expenditures 0 0 0
Total Reserve Expenses 0 0 0
Mapleton Reserve Expenses
Expenditures 0 0 16,390
Total Mapleton Reserve Expenses 0 0 16,390
Shared Cost Reserve Expenses
Expenditures 0 0 22,064
Total Shared Cost Reserve Expenses 0 0 22,064
Total Association Reserve Expenses 0 0 38,454
Net Change to Reserve Cash 27,494 27,418 (11,260)
Total Reserve Cash 1,773,985 1,746,491 1,719,073
Reserve Cash Distribution:
Morgan Stanley MMA - 1030 147,259 176,804 158,419
City National Mapleton MMA - 1100 133,971 131,439 128,908
Morgan Stanley Shared Cost MMA - 1205 284,756 278,248 271,746
Total Reserve Investments 1,208,000 1,160,000 1,160,000
Total Reserve Funds 1,773,985 1,746,491 1,719,073
North Rosedale Community Association
2017 Beg. Balance $165,135.83 $862,548.18 $46,808.96
Adjust Allowance per Audit 1/17 ($72,311.41)
Mapleton Cost Center North Rosedale Shared Recreation Facility
Monthly Equity Year to Date Monthly Equity Year to Date Monthly Equity Year to Date
Amount Equity Amount Equity Amount Equity
Jan 2016 2,982.30 2,982.30 37,508.73 37,508.73 1,225.80 1,225.80
Feb 2,502.76 5,485.06 21,100.74 58,609.47 3,120.22 4,346.02
Mar 1,659.57 7,144.63 24,301.07 82,910.54 4,026.91 8,372.93
Apr 2,656.39 9,801.02 19,318.25 102,228.79 2,199.84 10,572.77
May 2,486.18 12,287.20 28,459.94 130,688.73 (1,704.12) 8,868.65
Jun 2,533.49 14,820.69 3,441.22 134,129.95 (8,980.09) (111.44)
Jul (1,055.76) 13,764.93 14,173.32 148,303.27 (1,018.62) (1,130.06)
Aug 5,198.37 18,963.30 3,481.36 151,784.63 (4,376.16) (5,506.22)
Sep 18,963.30 151,784.63 (5,506.22)
Oct 18,963.30 151,784.63 (5,506.22)
Nov 18,963.30 151,784.63 (5,506.22)
Dec 18,963.30 151,784.63 (5,506.22)
Mapleton Equity: 184,099.13 North Rosedale Equity: $942,021.40 Shared Cost Equity: $41,302.74
Total North Rosedale Equity: $983,324.14
$1,167,423.27
North Rosedale Community Association
Equity
January 1, 2017 - December 31, 2017
Month
Total Association Equity:
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