sudden valley community association balance sheet august ...(294,932) (19,255) 4,101 420 159 85,983...

Unaudited AuditedAug 31, 2016 Dec 31, 2015 Inc / (Dec)

Current AssetsOperating Cash 284,366$ 97,038$ 187,328$ Building Completion Deposit Fund 85,750 46,500 39,250 Member Receivables 16,174 92 16,082 Other Receivables (5,830) 3,043 (8,873) Prepaid Expenses 81,684 50,009 31,675 Inventory 3,095 7,748 (4,653)

Total Current Assets 465,239 204,430 260,809

Current LiabilitiesAccounts Payable (66,111) (83,221) 17,110Prepaid Assessments (204,365) (115,046) (89,319) Building Completion Deposits (85,750) (46,500) (39,250) Other Refundable Deposits (5,063) (5,663) 600 Prepaid Golf Memberships (994) (35,648) 34,654

Total Current Liabilities (362,283) (286,078) (76,205)

Net Operating Assets 102,956$ (81,648)$ 184,604$

Capital Reserve FundsCRRRF Reserve Fund 1,036,908 1,175,067 (138,159)Roads Reserve Fund 1,449,986 1,294,236 155,750 Density Reduction Fund 150,931 146,833 4,098 Mailbox Fund 4,768 4,422 346 Capital Reserve Holding Fund 12,130 - 12,130

Total Capital Reserve Funds 2,654,723 2,620,558 34,165

Operating Reserve FundsEmergency Operating Cash 351,111 350,952 159 Undesignated Reserves 160,425 60,565 99,860

Total Operating Reserves 511,536 411,517 100,019

Capital AssetsFixed Assets 8,738,901 8,454,573 284,328 Lots Held for Sale 248,634 248,635 (1)

Total Capital Assets 8,987,535 8,703,208 284,327

Long Term LiabilitiesCapital Lease (80,278) (98,941) 18,663 Roads Mitigation Assignment (38,273) - (38,273)

Total Long Term Liabilities (118,551) (98,941) (19,610)

NET ASSETS 12,138,199$ 11,554,694$ 583,505$

Member EquityCurrent Year Net Income: Operations $204,842 ($479,078) $683,920Current Year Net Income: Capital 416,936 503,836 (86,900) Retained Earnings 4,321,295 4,800,373 (479,078) Capital 7,195,126 6,729,563 465,563

TOTAL MEMBER EQUITY 12,138,199$ 11,554,694$ 583,505$

* The Association's policy is to write off any member receivables that are 30 days past due as bad debts for accounting and Federal non-profit reporting purposes. As per SVCA policy, Management continues to pursue collection of these receivables via all avenues allowed by Washington State laws. In addition, the Association recordsand bills finance charges on receivables that are thirty days past due at 1% per month. At August 31, 2016, and December 31, 2015, the balance of receivables written off under this policy were respectively, $1,092,564 and $1,091,498.

Member Equity

Sudden Valley Community AssociationBalance Sheet

August 31, 2016

Operations

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UNAUDITED

Operations

OperationsBetter / (Worse)

Spending Plan Reserves Operations

OperationsBetter / (Worse)

Spending Plan ReservesREVENUE

Dues and Assessment Income 126,126$ 7,937$ 117,936$ 930,709$ 26,494$ 939,349$ Golf Income 106,932 (3,768) - 594,032 (67,838) - Marina Income 2,535 2,535 - 107,068 (7,898) - Legal & Collections Income - - 4,147 - - 90,586 Other Income 45,867 41,117 8,347 134,935 96,936 13,774 Rental Income - Other 4,214 1,873 - 31,469 12,741 - Rental Income- Area Z 1,696 430 - 13,883 3,750 - Investment Income 13 (47) 37 135 (345) 1,695

Total Revenue 287,383$ 50,077$ 130,467$ 1,812,231$ 63,840$ 1,045,404$

EXPENSESSalaries & Benefits 101,853$ 2,208$ -$ 786,637$ 27,295$ -$ Contracted & Professional Services 42,187 (30,405) 4,865 164,485 (53,749) 67,282 CC&Rs/ Mandates 21,156 4,480 2,001 183,412 10,513 12,545 Maintenance & Landscaping 23,342 384 - 180,440 (9,943) - Utilities 20,434 (8,455) - 82,696 11,699 - Administrative 8,023 (1,353) - 84,222 (15,547) - Regulatory Compliance 3,026 2,574 - 62,562 (5,041) 2,719 Insurance Premiums 7,899 6 - 62,366 872 - Other Expenses - - - 569 430 - Capital Lease Interest Expense - - 315 - - 2,777 Depreciation Expense - - 67,879 - - 543,145

Total Expenses 227,920$ (30,561)$ 75,060$ 1,607,389$ (33,471)$ 628,468$

Net Income (Loss) 59,463$ 19,516$ 55,407$ 204,842$ 30,369$ 416,936$

Year to Date - 8 Months Ending 08/31/2016Current Month - August 2016

Sudden Valley Community AssociationIncome Statement Summary

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Sudden Valley Community AssociationReserve Cash Balance & Activity8 Months Actual, 4 Months Projected

UNAUDITED

CRRRF Roads Density

Reduction Mailbox Emergency Ops UDR Capital Reserve

Holding Fund Totals

Net Available Cash 12/31/2015 1,175,067 1,294,236 146,833 4,422 350,952 60,565 - 3,032,075

Dues Received 353,106 484,982 13 345 - 166,707 12,129 1,017,282 Investment Income 606 821 64 1 159 44 1 1,696 Sale of Assets - 5,791 5,791 Legal Settlement Income 22,945 - 22,945 2016 Expenditures (514,816) (330,053) (1,770) (66,891) - (913,530)

Net Available Cash at 08/31/2016 1,036,908 1,449,986 150,931 4,768 351,111 160,425 12,130 3,166,259

4 Month OutlookOutlook - 2016 Dues (90% collections) 161,812 219,644 381,456 Outlook - Prior Year Collections 125 122 3 74 10,988 11,312 Outlook - Other Cash - - Obligated Expenses (318,710) (356,498) (24,865) (700,073)

Mitigation Assignment (38,273)

Net Usable Cash Balance 12/31/2016 880,135 1,274,981 150,934 4,842 351,111 146,548 12,130 2,820,681

Board Recommended Carryover Balance (750,000) (500,000) (1,100,000)

Net Usable Cash 12/31/2016, After Motions 130,135 774,981 150,934 4,842 351,111 146,548 12,130 1,720,681

Net Current Year Cash Increase (Decrease) (294,932) (19,255) 4,101 420 159 85,983 12,130 (211,394)

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Sudden Valley Community AssociationOperations - By Department Whole $

August 1, 2016 to August 31, 2016

CURRENT MONTH

Actual UNAUDITED Revenue Actual Salary / Benefits Actual Other Exp Net Net

Actual Better / (Worse) Salary Better / (Worse) Other Better / (Worse) Income / Better / (Worse)Department Revenue Than Spending Plan Benefits Than Spending Plan Expense * Than Spending Plan * (Loss) * Than Spending Plan*

ACC / Security 26,141$ 25,566$ 3,843$ 493$ 34,351$ (12,998)$ (12,053)$ 13,061$ Accounting 4,620 2,954 11,750 5,442 11,066 (6,735) (18,196) 1,661 Administration (1,374) (1,508) 22,856 (1,608) 6,442 3,155 (30,672) 39 Common Costs 15,850 13,415 - - 17,419 114 (1,569) 13,529 Facilities 5,385 1,778 3,292 931 15,076 (3,140) (12,983) (431) Maintenance - - 13,512 (3,479) 8,147 (4,394) (21,659) (7,873)

Subtotal 50,622 42,205 55,253 1,779 92,501 (23,998) (97,132) 19,986 Golf 106,932 (3,768) 46,600 429 26,109 (1,944) 34,223 (5,283) Marina 3,427 3,427 - - 1,902 (1,272) 1,525 2,155 Pools 276 276 - - 5,555 (5,555) (5,279) (5,279)

Subtotal 161,257 42,140 101,853 2,208 126,067 (32,769) (66,663) 11,579

Ops Dues Earned 130,276 130,276 Curr Yr Bad Debts Activity (4,150) (4,150) Net Ops Dues 126,126 7,937 126,126 7,937

Net Operations 287,383$ 50,077$ 101,853$ 2,208$ 126,067$ (32,769)$ 59,463$ 19,516$

YEAR TO DATE

Actual UNAUDITED Revenue Actual Salary / Benefits Actual Other Exp Net Net

Actual Better / (Worse) Salary Better / (Worse) Other Better / (Worse) Income / Better / (Worse)Department Revenue Than Spending Plan Benefits Than Spending Plan Expense * Than Spending Plan * (Loss) * Than Spending Plan*

ACC / Security 60,547$ 55,947$ 32,677$ 3,054$ 188,887$ (20,026)$ (161,017)$ 38,975$ Accounting 27,577 14,245 121,223 23,924 66,415 (31,735) (160,061) 6,434 Administration 5,839 4,772 167,710 (719) 89,881 (13,223) (251,752) (9,170) Common Costs 35,281 15,801 - - 150,960 6,557 (115,679) 22,358 Facilities 42,727 13,866 27,176 8,413 78,930 23,092 (63,379) 45,371 Maintenance 1,248 1,248 115,979 (18,013) 36,524 (10,932) (151,255) (27,697)

Subtotal 173,219 105,879 464,765 16,659 611,597 (46,267) (903,143) 76,271 Golf 594,032 (67,838) 321,872 10,636 189,944 (427) 82,216 (57,629) Marina 111,725 (3,241) - - 8,233 (3,093) 103,492 (6,334) Pools 2,546 2,546 - - 10,979 (10,979) (8,433) (8,433)

Subtotal 881,522 37,346 786,637 27,295 820,753 (60,766) (725,868) 3,875

Ops Dues Earned 1,004,745 1,004,745 Curr Yr Bad Debts Activity (74,035) (74,035) Net Ops Dues 930,710 26,494 930,710 26,494

Net Operations 1,812,232$ 63,840$ 786,637$ 27,295$ 820,753$ (60,766)$ 204,842$ 30,369$

* Excludes Depreciation

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Sudden Valley Community AssociationOperations Income Statement

August 1, 2016 to August 31, 2016

UNAUDITED

2017 August Actuals

2016 MTDB / (W) Spending

Plan2016 YTD

(8 Months) Actuals

2016 YTD B / (W) Spending

Plan

REVENUE

Dues and Assessment Income- Ops 126,126$ 7,937$ 930,709$ 26,494$ Golf Income 106,932 (3,768) 594,032 (67,838) Marina Income 2,535 2,535 107,068 (7,898) Rental Income - Area Z 1,696 430 13,883 3,750 Rental Income - Other 4,214 1,873 31,469 12,741 Other AR Income 7,090 2,474 51,522 14,589 Other Income 38,777 38,643 83,414 82,347 Investment Income 13 (47) 135 (345)

Total Revenue 287,383$ 50,077$ 1,812,232$ 63,840$

EXPENSES

Salaries & BenefitsGolf 46,600$ 429$ 321,872$ 10,636$ Administration 22,856 (1,608) 167,710 (719) Accounting 11,750 5,442 121,223 23,924 Maintenance 13,512 (3,479) 115,979 (18,013) ACC / Security 3,843 493 32,677 3,054 Facilities 3,292 931 27,176 8,413

Total Salaries & Benefits 101,853$ 2,208$ 786,637$ 27,295$

Other ExpensesAdministrative General Administrative -$ 441$ 420$ 1,413$ Bank Charges & Fees 705 1,443 11,509 111 Dues & Subscriptions 1,852 (1,024) 16,817 (979) Office Supplies 1,694 (379) 18,374 (7,854) GM Discretionary Funds (150) 400 3,635 (1,635) Advertising Costs 991 (491) 10,857 843 Cash Over/Short (10) 10 (105) 105 Currency Gain/Loss 190 (190) 601 (601) Events Charges 389 (389) 2,514 (2,514) Printing & Copying 1,393 (865) 8,598 (611) Training & Conferences 327 (118) 4,887 (1,320) Payroll Service Fees 642 (191) 5,812 (2,202) Cashiering Clearing Account - - 303 (303)

Total Administrative 8,023$ (1,353)$ 84,222$ (15,547)$

Regulatory ComplianceHazardous Tree Removal/ Pruning -$ 1,922$ 9,907$ (1,355)$ Permits & Licenses 1,462 (1,432) 2,720 241 Audit & Tax Services 1,350 1,316 27,000 (5,667) Regulatory Compliance 214 9 1,791 495 Federal Income Tax - - - - State B&O Tax - 759 5,657 (518) Property/Real Estate Tax - - 15,487 1,763

Total Regulator Compliance 3,026$ 2,574$ 62,562$ (5,041)$

CC&Rs/ MandatesAnnual General Meeting -$ 4,066$ -$ 8,133$ Special General Meeting - - 12,082 1 Board Support 41 125 1,499 (166) Collection Charges - - 123 (123) Transfer Fees - 34 - 267 Lien Charges - - - -

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UNAUDITED

2017 August Actuals

2016 MTDB / (W) Spending

Plan2016 YTD

(8 Months) Actuals

2016 YTD B / (W) Spending

PlanWeb Site Maintenance 546 (493) 3,709 (3,377) Postage 265 128 2,704 440 Postage- Views 1,001 (1) 11,532 (3,532) Newsletter Services 4,152 632 29,128 9,139 Professional Security Services 15,151 (11) 122,635 (269)

Total CC&Rs/ Mandates 21,156$ 4,480$ 183,412$ 10,513$

Insurance Premiums 7,899$ 6$ 62,366$ 872$

UtilitiesUtilities 3,781$ (3,781)$ 2,089$ (2,089)$ Utilities- Natural Gas 514 (23) 7,038 (335) Utilities- Water & Sewer 5,871 (3,225) 18,790 2,373 Utilities- Electricity 4,434 1,094 27,018 12,996 Utilities- Trash & Recycling Service 1,955 (928) 7,622 592 Utilities- Communications Service 3,879 (1,592) 20,139 (1,838)

Total Utilities 20,434$ (8,455)$ 82,696$ 11,699$

Maintenance & LandscapingLandscape R&M (343)$ 2,843$ 37,813$ (20,513)$ Building R&M 1,907 2,163 18,608 14,304 Raw Materials 8,081 (6,081) 13,802 848 Raw Materials: Sand & Gravel 2,609 (609) 8,609 1,702 Janitorial Supplies 2,118 (1,264) 7,903 (1,076) Equipment R&M 2,111 1,373 35,619 (6,252) Small Tools & Equipment 516 584 4,110 590 Vehicle R&M 989 101 11,421 (2,328) Vehicle Fuel 4,106 460 20,047 7,636 Other Supplies 710 952 18,355 (3,801) Other R&M 538 (138) 4,153 (1,053)

Total Maintenance & Landscaping 23,342$ 384$ 180,440$ (9,943)$

Contracted & Professional ServicesEquipment Lease & Rental 747$ 40$ 7,347$ 1,555$ IT Support and Services 2,614 136 27,559 (716) Uniform and Laundry Service 971 (556) 3,451 269 Pool Management 4,356 (4,356) 10,020 (10,020) Safety & Security Services 250 (100) 14,660 (2,348) Snow Removal Services - - - - Storm Response Tree Removal - - 3,906 500 ACC Consultant 15,650 (15,650) 27,450 (27,450) Reserve Study & Update - - - - Legal Services 4,513 (347) 33,956 (623) Other Professional Services 13,086 (9,572) 36,136 (14,916)

Total Contracted & Professional Services 42,187$ (30,405)$ 164,485$ (53,749)$

Other ExpensesVandalism -$ -$ 570$ 430$

Total Other Expenses -$ -$ 570$ 430$

Total Other Expenses 126,067$ (32,769)$ 820,753$ (60,766)$

Total Operations Expenses 227,920$ (30,561)$ 1,607,390$ (33,471)$

Net Operations Income (Loss) 59,463$ 19,516$ 204,842$ 30,369$

* Excludes Depreciation

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Sudden Valley Community Association

Income Statement Report

Common CostsAugust 01, 2016 thru August 31, 2016

Variance Actual Budget Current Period

Actual Budget Year to Date (8 months)

Variance Budget Annual

Remaining Budget

Income

Dues and Assessment Income- Ops

4002 - Member Assessments 2016 (1,044.39)131,321.00 130,276.61 1,004,744.81 1,004,683.00 61.81 1,529,966.00 525,221.19

4003 - BD Expense- 2016 Ops 8,981.53 (13,132.00)(4,150.47) (74,035.41) (100,468.00) 26,432.59 (152,998.00) (78,962.59)

126,126.14 118,189.00 7,937.14 930,709.40 904,215.00 26,494.40 Total Dues and Assessment Income- Ops 1,376,968.00 446,258.60

Other AR Income

4830 - Advertising Income 413.00 2,375.00 2,788.00 20,815.95 19,000.00 1,815.95 28,500.00 7,684.05

4831 - BD Expense- Views Ads (471.90)0.00 (471.90) 533.11 0.00 533.11 0.00 (533.11)

4842 - Member Donation Income Monthly 61.20 0.00 61.20 336.60 0.00 336.60 0.00 (336.60)

2,377.30 2,375.00 2.30 21,685.66 19,000.00 2,685.66 Total Other AR Income 28,500.00 6,814.34

Other Income

4610 - Timber Income 2,947.10 0.00 2,947.10 2,947.10 0.00 2,947.10 0.00 (2,947.10)

4840 - Non-Taxable Income 10,512.59 0.00 10,512.59 10,512.59 0.00 10,512.59 0.00 (10,512.59)

13,459.69 0.00 13,459.69 13,459.69 0.00 13,459.69 Total Other Income 0.00 (13,459.69)

Investment Income

4900 - Interest Earned - Operating Accounts (46.89)60.00 13.11 135.36 480.00 (344.64) 720.00 584.64

13.11 60.00 (46.89) 135.36 480.00 (344.64)Total Investment Income 720.00 584.64

141,976.24 120,624.00 21,352.24 965,990.11 923,695.00 42,295.11 Total Common Costs Income 1,406,188.00 440,197.89

Expense

Administrative

4999 - Cashiering Clearing Account 0.00 0.00 0.00 303.00 0.00 303.00 0.00 (303.00)

5015 - Bank Charges & Fees 0.00 0.00 0.00 220.37 0.00 220.37 0.00 (220.37)

5121 - Currency Gain/Loss 189.85 0.00 189.85 600.68 0.00 600.68 0.00 (600.68)

189.85 0.00 189.85 1,124.05 0.00 1,124.05 Total Administrative 0.00 (1,124.05)

Regulatory Compliance

9005 - State B&O Tax (11.00)11.00 0.00 89.20 92.00 (2.80) 138.00 48.80

Printed by Jennifer Spidle on Wed Sep 14, 2016 05:42 pm /25



Common CostsAugust 01, 2016 thru August 31, 2016




Remaining Budget

Expense


9015 - Property/Real Estate Tax 0.00 0.00 0.00 15,487.16 17,250.00 (1,762.84) 34,500.00 19,012.84

0.00 11.00 (11.00) 15,576.36 17,342.00 (1,765.64)Total Regulatory Compliance 34,638.00 19,061.64

CC&Rs/ Mandates

5216 - Postage- Views 0.62 1,000.00 1,000.62 11,531.83 8,000.00 3,531.83 12,000.00 468.17

5225 - Newsletter Services (632.00)4,784.00 4,152.00 29,127.58 38,267.00 (9,139.42) 57,400.00 28,272.42

5,152.62 5,784.00 (631.38) 40,659.41 46,267.00 (5,607.59)Total CC&Rs/ Mandates 69,400.00 28,740.59

Insurance

5400 - Insurance Premiums (5.82)7,572.00 7,566.18 59,647.19 60,575.00 (927.81) 90,863.00 31,215.81

7,566.18 7,572.00 (5.82) 59,647.19 60,575.00 (927.81)Total Insurance 90,863.00 31,215.81

Contracted & Professional Services

7020 - Legal Services 346.54 4,166.00 4,512.54 33,955.54 33,333.00 622.54 50,000.00 16,044.46

4,512.54 4,166.00 346.54 33,955.54 33,333.00 622.54 Total Contracted & Professional Services 50,000.00 16,044.46

17,421.19 17,533.00 (111.81) 150,962.55 157,517.00 (6,554.45)Total Common Costs Expense 244,901.00 93,938.45

124,555.05 103,091.00 21,464.05 815,027.56 766,178.00 48,849.56 Total Common Costs Income / (Loss) 1,161,287.00 346,259.44




ACC / SecurityAugust 01, 2016 thru August 31, 2016




Remaining Budget

Income

Other AR Income

4805 - Compliance Fees & Fines - ACC 1,994.00 241.00 2,235.00 3,818.00 1,933.00 1,885.00 2,900.00 (918.00)

4810 - Compliance Fines - SEC (334.00)334.00 0.00 (77.00) 2,667.00 (2,744.00) 4,000.00 4,077.00

4811 - BD Expense- Sec Fines 0.00 0.00 0.00 684.91 0.00 684.91 0.00 (684.91)

2,235.00 575.00 1,660.00 4,425.91 4,600.00 (174.09)Total Other AR Income 6,900.00 2,474.09

Other Income

4295 - Security House Checks 735.00 0.00 735.00 1,035.00 0.00 1,035.00 0.00 (1,035.00)

4350 - New Home Construction Fee 23,000.00 0.00 23,000.00 52,086.00 0.00 52,086.00 0.00 (52,086.00)

4360 - Storm Water Mitigation Revenue 500.00 0.00 500.00 3,000.00 0.00 3,000.00 0.00 (3,000.00)

4835 - Miscellaneous Income (329.50)0.00 (329.50) 0.00 0.00 0.00 0.00 0.00

23,905.50 0.00 23,905.50 56,121.00 0.00 56,121.00 Total Other Income 0.00 (56,121.00)

26,140.50 575.00 25,565.50 60,546.91 4,600.00 55,946.91 Total ACC / Security Income 6,900.00 (53,646.91)

Expense


6165 - Hazardous Tree Removal/ Pruning (1,922.00)1,922.00 0.00 9,906.50 7,852.00 2,054.50 14,536.00 4,629.50

6300 - Permits & Licenses 0.00 0.00 0.00 107.50 163.00 (55.50) 1,714.00 1,606.50

9005 - State B&O Tax (8.00)8.00 0.00 463.38 69.00 394.38 104.00 (359.38)

0.00 1,930.00 (1,930.00) 10,477.38 8,084.00 2,393.38 Total Regulatory Compliance 16,354.00 5,876.62

CC&Rs/ Mandates

5215 - Postage 0.00 0.00 0.00 10.58 0.00 10.58 0.00 (10.58)

7097 - Professional Security Services 10.98 15,140.00 15,150.98 122,635.45 122,366.00 269.45 182,300.00 59,664.55

15,150.98 15,140.00 10.98 122,646.03 122,366.00 280.03 Total CC&Rs/ Mandates 182,300.00 59,653.97

Payroll & Benefits

5300 - Salaries 0.00 3,520.00 3,520.00 29,769.00 29,222.00 547.00 57,113.00 27,344.00

5335 - Payroll Taxes- Employer (77.74)401.00 323.26 2,838.20 3,189.00 (350.80) 6,244.00 3,405.80




ACC / SecurityAugust 01, 2016 thru August 31, 2016




Remaining Budget

Expense

Payroll & Benefits

5385 - Payroll Benefits - Medical (415.00)415.00 0.00 69.51 3,320.00 (3,250.49) 6,225.00 6,155.49

3,843.26 4,336.00 (492.74) 32,676.71 35,731.00 (3,054.29)Total Payroll & Benefits 69,582.00 36,905.29

Utilities

6050 - Utilities- Communications Service 80.29 60.00 140.29 1,059.26 480.00 579.26 720.00 (339.26)

140.29 60.00 80.29 1,059.26 480.00 579.26 Total Utilities 720.00 (339.26)

Maintenance & Landscaping

6765 - Small Tools & Equipment 0.00 0.00 0.00 268.91 0.00 268.91 0.00 (268.91)

6775 - Vehicle R&M (81.00)81.00 0.00 1,705.63 1,826.00 (120.37) 2,150.00 444.37

6785 - Vehicle Fuel (88.80)466.00 377.20 2,805.85 3,733.00 (927.15) 5,600.00 2,794.15

6795 - Other Supplies (162.00)162.00 0.00 108.48 554.00 (445.52) 1,200.00 1,091.52

377.20 709.00 (331.80) 4,888.87 6,113.00 (1,224.13)Total Maintenance & Landscaping 8,950.00 4,061.13


6440 - Safety & Security Services 176.85 0.00 176.85 12,255.15 10,712.00 1,543.15 10,712.00 (1,543.15)

6450 - Storm Response Tree Removal 0.00 0.00 0.00 3,906.00 4,406.00 (500.00) 7,800.00 3,894.00

6460 - ACC Consultant 15,650.00 0.00 15,650.00 27,450.00 0.00 27,450.00 0.00 (27,450.00)

7095 - Other Professional Services (658.22)3,514.00 2,855.78 5,633.94 15,700.00 (10,066.06) 15,700.00 10,066.06

18,682.63 3,514.00 15,168.63 49,245.09 30,818.00 18,427.09 Total Contracted & Professional Services 34,212.00 (15,033.09)

Other Expenses

9120 - Vandalism 0.00 0.00 0.00 570.15 1,000.00 (429.85) 1,000.00 429.85

0.00 0.00 0.00 570.15 1,000.00 (429.85)Total Other Expenses 1,000.00 429.85

38,194.36 25,689.00 12,505.36 221,563.49 204,592.00 16,971.49 Total ACC / Security Expense 313,118.00 91,554.51

(12,053.86) (25,114.00) 13,060.14 (161,016.58) (199,992.00) 38,975.42 Total ACC / Security Income / (Loss) (306,218.00) (145,201.42)




AccountingAugust 01, 2016 thru August 31, 2016




Remaining Budget

Income

Other AR Income

4240 - Title & Recording Fees 2,584.00 1,666.00 4,250.00 27,000.00 13,333.00 13,667.00 20,000.00 (7,000.00)

4241 - BD Expense- Title Fees 181.13 0.00 181.13 (178.26) 0.00 (178.26) 0.00 178.26

4705 - NSF Service Fees 162.00 0.00 162.00 785.00 0.00 785.00 0.00 (785.00)

4706 - BD Expense- NSF Fees 27.00 0.00 27.00 (29.00) 0.00 (29.00) 0.00 29.00

4,620.13 1,666.00 2,954.13 27,577.74 13,333.00 14,244.74 Total Other AR Income 20,000.00 (7,577.74)

Other Income

4835 - Miscellaneous Income 0.01 0.00 0.01 0.14 0.00 0.14 0.00 (0.14)

0.01 0.00 0.01 0.14 0.00 0.14 Total Other Income 0.00 (0.14)

4,620.14 1,666.00 2,954.14 27,577.88 13,333.00 14,244.88 Total Accounting Income 20,000.00 (7,577.88)

Expense

Administrative

5015 - Bank Charges & Fees 54.00 16.00 70.00 1,388.69 133.00 1,255.69 200.00 (1,188.69)

5120 - Cash Over/Short 0.00 0.00 0.00 1.50 0.00 1.50 0.00 (1.50)

5205 - Events Charges 0.00 0.00 0.00 0.02 0.00 0.02 0.00 (0.02)

5210 - Printing & Copying (102.52)165.00 62.48 1,039.43 1,560.00 (520.57) 24,380.00 23,340.57

5399 - Payroll Service Fees 121.38 451.00 572.38 5,459.93 3,610.00 1,849.93 5,415.00 (44.93)

704.86 632.00 72.86 7,889.57 5,303.00 2,586.57 Total Administrative 29,995.00 22,105.43


6300 - Permits & Licenses (30.00)30.00 0.00 11.00 30.00 (19.00) 30.00 19.00

7000 - Audit & Tax Services (1,316.00)2,666.00 1,350.00 27,000.00 21,333.00 5,667.00 32,000.00 5,000.00

9005 - State B&O Tax (25.00)25.00 0.00 350.59 200.00 150.59 300.00 (50.59)

1,350.00 2,721.00 (1,371.00) 27,361.59 21,563.00 5,798.59 Total Regulatory Compliance 32,330.00 4,968.41

CC&Rs/ Mandates

5025 - Collection Charges 0.00 0.00 0.00 123.42 0.00 123.42 0.00 (123.42)

5040 - Transfer Fees (34.00)34.00 0.00 0.00 267.00 (267.00) 400.00 400.00




AccountingAugust 01, 2016 thru August 31, 2016




Remaining Budget

Expense

CC&Rs/ Mandates

5215 - Postage 51.02 134.00 185.02 1,559.49 1,067.00 492.49 1,600.00 40.51

185.02 168.00 17.02 1,682.91 1,334.00 348.91 Total CC&Rs/ Mandates 2,000.00 317.09

Payroll & Benefits

5300 - Salaries (4,932.62)13,727.00 8,794.38 102,274.81 116,670.00 (14,395.19) 178,440.00 76,165.19

5335 - Payroll Taxes- Employer (733.30)1,510.00 776.70 9,436.60 12,837.00 (3,400.40) 19,632.00 10,195.40

5385 - Payroll Benefits - Medical 223.67 1,955.00 2,178.67 9,511.57 15,640.00 (6,128.43) 23,460.00 13,948.43

11,749.75 17,192.00 (5,442.25) 121,222.98 145,147.00 (23,924.02)Total Payroll & Benefits 221,532.00 100,309.02

Utilities

6050 - Utilities- Communications Service 0.00 60.00 60.00 420.00 480.00 (60.00) 720.00 300.00

60.00 60.00 0.00 420.00 480.00 (60.00)Total Utilities 720.00 300.00


5125 - IT Support and Services 0.00 750.00 750.00 6,349.00 6,000.00 349.00 9,000.00 2,651.00

7095 - Other Professional Services 8,014.83 0.00 8,014.83 22,711.77 0.00 22,711.77 0.00 (22,711.77)

8,764.83 750.00 8,014.83 29,060.77 6,000.00 23,060.77 Total Contracted & Professional Services 9,000.00 (20,060.77)

22,814.46 21,523.00 1,291.46 187,637.82 179,827.00 7,810.82 Total Accounting Expense 295,577.00 107,939.18

(18,194.32) (19,857.00) 1,662.68 (160,059.94) (166,494.00) 6,434.06 Total Accounting Income / (Loss) (275,577.00) (115,517.06)




SVCA Operations- AdminAugust 01, 2016 thru August 31, 2016




Remaining Budget

Income

Other AR Income

4806 - BD Expense- ACC Fines (2,142.60)0.00 (2,142.60) (2,167.60) 0.00 (2,167.60) 0.00 2,167.60

(2,142.60) 0.00 (2,142.60) (2,167.60) 0.00 (2,167.60)Total Other AR Income 0.00 2,167.60

Other Income

4220 - Gate & Access Fees (9.00)9.00 0.00 0.00 67.00 (67.00) 100.00 100.00

4235 - Trash Compactor Service 520.99 0.00 520.99 638.99 0.00 638.99 0.00 (638.99)

4245 - Photocopy Income 7.00 0.00 7.00 132.60 0.00 132.60 0.00 (132.60)

4255 - Maps and Signs 100.79 125.00 225.79 1,539.31 1,000.00 539.31 1,500.00 (39.31)

4835 - Miscellaneous Income 0.00 0.00 0.00 735.54 0.00 735.54 0.00 (735.54)

4840 - Non-Taxable Income 15.00 0.00 15.00 110.00 0.00 110.00 0.00 (110.00)

4870 - Member Donation Income 0.00 0.00 0.00 4,850.00 0.00 4,850.00 0.00 (4,850.00)

768.78 134.00 634.78 8,006.44 1,067.00 6,939.44 Total Other Income 1,600.00 (6,406.44)

(1,373.82) 134.00 (1,507.82) 5,838.84 1,067.00 4,771.84 Total SVCA Operations- Admin Income 1,600.00 (4,238.84)

Expense

Administrative

5000 - General Administrative (41.00)41.00 0.00 0.00 333.00 (333.00) 500.00 500.00

5015 - Bank Charges & Fees (274.05)334.00 59.95 2,783.24 2,667.00 116.24 4,000.00 1,216.76

5045 - Dues & Subscriptions (22.60)66.00 43.40 1,263.90 533.00 730.90 800.00 (463.90)

5090 - Office Supplies 376.70 1,290.00 1,666.70 18,227.06 10,320.00 7,907.06 15,480.00 (2,747.06)

5100 - GM Discretionary Funds (400.00)250.00 (150.00) 3,635.03 2,000.00 1,635.03 3,000.00 (635.03)

5107 - Advertising Costs 0.00 0.00 0.00 5,400.00 5,400.00 0.00 5,400.00 0.00

5120 - Cash Over/Short (10.00)0.00 (10.00) (10.65) 0.00 (10.65) 0.00 10.65

5205 - Events Charges 389.00 0.00 389.00 2,435.76 0.00 2,435.76 0.00 (2,435.76)

5210 - Printing & Copying 386.11 363.00 749.11 5,202.20 3,447.00 1,755.20 5,080.00 (122.20)

5227 - Training & Conferences 43.00 209.00 252.00 3,689.54 1,667.00 2,022.54 2,500.00 (1,189.54)








Remaining Budget

Expense

Administrative

5399 - Payroll Service Fees 70.00 0.00 70.00 352.00 0.00 352.00 0.00 (352.00)

3,070.16 2,553.00 517.16 42,978.08 26,367.00 16,611.08 Total Administrative 36,760.00 (6,218.08)


6300 - Permits & Licenses 63.75 0.00 63.75 63.75 40.00 23.75 100.00 36.25

9005 - State B&O Tax (2.00)2.00 0.00 73.24 15.00 58.24 22.00 (51.24)

63.75 2.00 61.75 136.99 55.00 81.99 Total Regulatory Compliance 122.00 (14.99)

CC&Rs/ Mandates

5003 - Annual General Meeting (4,066.00)4,066.00 0.00 0.00 8,133.00 (8,133.00) 12,200.00 12,200.00

5007 - Special General Meeting 0.00 0.00 0.00 12,082.33 12,083.00 (0.67) 12,083.00 0.67

5020 - Board Support (124.96)166.00 41.04 1,498.86 1,333.00 165.86 2,000.00 501.14

5115 - Web Site Maintenance 492.67 53.00 545.67 3,675.58 332.00 3,343.58 540.00 (3,135.58)

5215 - Postage (107.63)184.00 76.37 657.86 1,467.00 (809.14) 2,200.00 1,542.14

663.08 4,469.00 (3,805.92) 17,914.63 23,348.00 (5,433.37)Total CC&Rs/ Mandates 29,023.00 11,108.37

Payroll & Benefits

5300 - Salaries 2,146.33 18,261.00 20,407.33 147,629.09 143,385.00 4,244.09 225,376.00 77,746.91

5335 - Payroll Taxes- Employer (275.13)2,009.00 1,733.87 13,741.89 15,782.00 (2,040.11) 24,822.00 11,080.11

5385 - Payroll Benefits - Medical (263.12)978.00 714.88 6,338.94 7,824.00 (1,485.06) 11,736.00 5,397.06

22,856.08 21,248.00 1,608.08 167,709.92 166,991.00 718.92 Total Payroll & Benefits 261,934.00 94,224.08

Insurance

5400 - Insurance Premiums 0.00 0.00 0.00 55.90 0.00 55.90 0.00 (55.90)

0.00 0.00 0.00 55.90 0.00 55.90 Total Insurance 0.00 (55.90)

Utilities

6050 - Utilities- Communications Service 0.00 120.00 120.00 840.00 960.00 (120.00) 1,440.00 600.00

120.00 120.00 0.00 840.00 960.00 (120.00)Total Utilities 1,440.00 600.00








Remaining Budget

Expense


6675 - Equipment R&M 0.00 0.00 0.00 1,745.00 0.00 1,745.00 0.00 (1,745.00)

6775 - Vehicle R&M (100.00)100.00 0.00 179.96 800.00 (620.04) 1,200.00 1,020.04

6785 - Vehicle Fuel (83.07)100.00 16.93 180.81 400.00 (219.19) 600.00 419.19

16.93 200.00 (183.07) 2,105.77 1,200.00 905.77 Total Maintenance & Landscaping 1,800.00 (305.77)


5085 - Equipment Lease & Rental 390.66 253.00 643.66 4,640.18 3,885.00 755.18 5,220.00 579.82

5125 - IT Support and Services (136.05)2,000.00 1,863.95 21,209.60 20,843.00 366.60 28,600.00 7,390.40

2,507.61 2,253.00 254.61 25,849.78 24,728.00 1,121.78 Total Contracted & Professional Services 33,820.00 7,970.22

29,297.61 30,845.00 (1,547.39) 257,591.07 243,649.00 13,942.07 Total SVCA Operations- Admin Expense 364,899.00 107,307.93

(30,671.43) (30,711.00) 39.57 (251,752.23) (242,582.00) (9,170.23)Total SVCA Operations- Admin Income / (Loss) (363,299.00) (111,546.77)




FacilitiesAugust 01, 2016 thru August 31, 2016




Remaining Budget

Income

Rental Income

4410 - Area Z Storage Rental Income (1,369.00)1,266.00 (103.00) 15,276.20 10,133.00 5,143.20 15,200.00 (76.20)

4412 - BD Expense- Area Z 1,799.00 0.00 1,799.00 (1,392.80) 0.00 (1,392.80) 0.00 1,392.80

1,696.00 1,266.00 430.00 13,883.40 10,133.00 3,750.40 Total Rental Income 15,200.00 1,316.60

Rental Income - Other

4400 - Facility Rentals 636.00 0.00 636.00 4,016.00 0.00 4,016.00 0.00 (4,016.00)

4430 - Lease Income - Restaurant 62.00 2,060.00 2,122.00 16,976.00 16,480.00 496.00 24,720.00 7,744.00

4435 - Lease Income - Barn 8 650.00 0.00 650.00 5,604.00 0.00 5,604.00 0.00 (5,604.00)

4439 - Lease Income- Library 0.00 281.00 281.00 2,248.00 2,248.00 0.00 3,372.00 1,124.00

3,689.00 2,341.00 1,348.00 28,844.00 18,728.00 10,116.00 Total Rental Income - Other 28,092.00 (752.00)

5,385.00 3,607.00 1,778.00 42,727.40 28,861.00 13,866.40 Total Facilities Income 43,292.00 564.60

Expense


6300 - Permits & Licenses 687.00 0.00 687.00 901.10 0.00 901.10 0.00 (901.10)

7110 - Regulatory Compliance 2.09 75.00 77.09 594.70 1,100.00 (505.30) 1,394.00 799.30

9005 - State B&O Tax (56.00)56.00 0.00 618.52 450.00 168.52 675.00 56.48

764.09 131.00 633.09 2,114.32 1,550.00 564.32 Total Regulatory Compliance 2,069.00 (45.32)

Payroll & Benefits

5300 - Salaries (303.87)3,115.00 2,811.13 23,659.62 26,482.00 (2,822.38) 40,500.00 16,840.38

5335 - Payroll Taxes- Employer (74.19)457.00 382.81 2,835.67 3,894.00 (1,058.33) 5,952.00 3,116.33

5385 - Payroll Benefits - Medical (553.21)651.00 97.79 680.61 5,213.00 (4,532.39) 7,820.00 7,139.39

3,291.73 4,223.00 (931.27) 27,175.90 35,589.00 (8,413.10)Total Payroll & Benefits 54,272.00 27,096.10

Utilities

6000 - Utilities 2,695.11 0.00 2,695.11 1,072.40 0.00 1,072.40 0.00 (1,072.40)

6005 - Utilities- Natural Gas (5.94)310.00 304.06 4,596.89 3,843.00 753.89 5,103.00 506.11

6023 - Utilities- Water & Sewer 1,670.93 1,392.00 3,062.93 10,389.14 11,137.00 (747.86) 16,705.00 6,315.86




FacilitiesAugust 01, 2016 thru August 31, 2016




Remaining Budget

Expense

Utilities

6033 - Utilities- Electricity (1,464.53)2,955.00 1,490.47 14,374.54 23,641.00 (9,266.46) 35,462.00 21,087.46

6035 - Utilities- Trash & Recycling Service 656.73 808.00 1,464.73 6,919.25 6,464.00 455.25 9,696.00 2,776.75

6050 - Utilities- Communications Service 810.48 1,436.00 2,246.48 10,848.74 11,488.00 (639.26) 17,232.00 6,383.26

11,263.78 6,901.00 4,362.78 48,200.96 56,573.00 (8,372.04)Total Utilities 84,198.00 35,997.04


6110 - Landscape R&M 0.00 0.00 0.00 24.85 0.00 24.85 0.00 (24.85)

6515 - Building R&M (2,682.06)4,070.00 1,387.94 16,484.41 32,912.00 (16,427.59) 50,976.00 34,491.59

6635 - Janitorial Supplies 826.21 834.00 1,660.21 6,961.84 6,667.00 294.84 10,000.00 3,038.16

6795 - Other Supplies 0.00 0.00 0.00 35.88 0.00 35.88 0.00 (35.88)

3,048.15 4,904.00 (1,855.85) 23,506.98 39,579.00 (16,072.02)Total Maintenance & Landscaping 60,976.00 37,469.02


5085 - Equipment Lease & Rental 0.00 0.00 0.00 76.09 0.00 76.09 0.00 (76.09)

7095 - Other Professional Services 0.00 0.00 0.00 5,031.76 4,320.00 711.76 4,320.00 (711.76)

0.00 0.00 0.00 5,107.85 4,320.00 787.85 Total Contracted & Professional Services 4,320.00 (787.85)

18,367.75 16,159.00 2,208.75 106,106.01 137,611.00 (31,504.99)Total Facilities Expense 205,835.00 99,728.99

(12,982.75) (12,552.00) (430.75) (63,378.61) (108,750.00) 45,371.39 Total Facilities Income / (Loss) (162,543.00) (99,164.39)




MaintenanceAugust 01, 2016 thru August 31, 2016




Remaining Budget

Income

Other Income

4235 - Trash Compactor Service 0.00 0.00 0.00 1,248.35 0.00 1,248.35 0.00 (1,248.35)

0.00 0.00 0.00 1,248.35 0.00 1,248.35 Total Other Income 0.00 (1,248.35)

0.00 0.00 0.00 1,248.35 0.00 1,248.35 Total Maintenance Income 0.00 (1,248.35)

Expense

Administrative

5210 - Printing & Copying 0.00 0.00 0.00 140.22 0.00 140.22 0.00 (140.22)

0.00 0.00 0.00 140.22 0.00 140.22 Total Administrative 0.00 (140.22)


6300 - Permits & Licenses 406.00 0.00 406.00 894.00 2,028.00 (1,134.00) 2,225.00 1,331.00

406.00 0.00 406.00 894.00 2,028.00 (1,134.00)Total Regulatory Compliance 2,225.00 1,331.00

CC&Rs/ Mandates

5215 - Postage 0.00 0.00 0.00 0.00 100.00 (100.00) 200.00 200.00

0.00 0.00 0.00 0.00 100.00 (100.00)Total CC&Rs/ Mandates 200.00 200.00

Payroll & Benefits

5300 - Salaries 2,777.18 7,918.00 10,695.18 95,119.48 77,432.00 17,687.48 132,746.00 37,626.52

5335 - Payroll Taxes- Employer 162.90 1,284.00 1,446.90 13,141.11 13,043.00 98.11 21,333.00 8,191.89

5385 - Payroll Benefits - Medical 538.42 831.00 1,369.42 6,522.79 7,491.00 (968.21) 13,994.00 7,471.21

5390 - Workers Compensation 0.00 0.00 0.00 1,196.00 0.00 1,196.00 0.00 (1,196.00)

13,511.50 10,033.00 3,478.50 115,979.38 97,966.00 18,013.38 Total Payroll & Benefits 168,073.00 52,093.62

Utilities

6005 - Utilities- Natural Gas 0.00 0.00 0.00 166.12 0.00 166.12 0.00 (166.12)

6050 - Utilities- Communications Service (60.00)120.00 60.00 420.00 960.00 (540.00) 1,440.00 1,020.00

60.00 120.00 (60.00) 586.12 960.00 (373.88)Total Utilities 1,440.00 853.88


6110 - Landscape R&M 181.91 0.00 181.91 1,855.06 0.00 1,855.06 0.00 (1,855.06)




MaintenanceAugust 01, 2016 thru August 31, 2016




Remaining Budget

Expense


6610 - Raw Materials 0.00 0.00 0.00 0.00 550.00 (550.00) 550.00 550.00

6621 - Raw Materials: Sand & Gravel 0.00 0.00 0.00 0.00 1,000.00 (1,000.00) 1,000.00 1,000.00

6635 - Janitorial Supplies 457.67 0.00 457.67 941.33 0.00 941.33 0.00 (941.33)

6675 - Equipment R&M 815.83 400.00 1,215.83 5,181.26 3,200.00 1,981.26 4,800.00 (381.26)

6765 - Small Tools & Equipment (565.47)1,000.00 434.53 2,248.17 2,350.00 (101.83) 2,350.00 101.83

6775 - Vehicle R&M 280.34 709.00 989.34 7,574.52 5,667.00 1,907.52 8,500.00 925.48

6785 - Vehicle Fuel 368.85 1,000.00 1,368.85 6,518.10 5,550.00 968.10 8,500.00 1,981.90

6795 - Other Supplies 528.45 0.00 528.45 2,707.04 0.00 2,707.04 0.00 (2,707.04)

6796 - Other R&M (200.00)200.00 0.00 3,587.77 1,600.00 1,987.77 2,400.00 (1,187.77)

5,176.58 3,309.00 1,867.58 30,613.25 19,917.00 10,696.25 Total Maintenance & Landscaping 28,100.00 (2,513.25)


5085 - Equipment Lease & Rental (84.00)84.00 0.00 0.00 667.00 (667.00) 1,000.00 1,000.00

6408 - Uniform and Laundry Service 126.05 90.00 216.05 564.63 720.00 (155.37) 1,080.00 515.37

6440 - Safety & Security Services (77.24)150.00 72.76 1,509.56 1,200.00 309.56 1,800.00 290.44

7095 - Other Professional Services 2,215.78 0.00 2,215.78 2,215.78 0.00 2,215.78 0.00 (2,215.78)

2,504.59 324.00 2,180.59 4,289.97 2,587.00 1,702.97 Total Contracted & Professional Services 3,880.00 (409.97)

21,658.67 13,786.00 7,872.67 152,502.94 123,558.00 28,944.94 Total Maintenance Expense 203,918.00 51,415.06

(21,658.67) (13,786.00) (7,872.67) (151,254.59) (123,558.00) (27,696.59)Total Maintenance Income / (Loss) (203,918.00) (52,663.41)


Actual Budget Variance Actual Budget Variance Annual Budget Budget Remaining

IncomeGolf Income4150 - Golf Course Annual Greens Fees 4,111$ 1,600$ 2,511$ 202,711$ 209,100$ (6,390)$ 215,500$ 12,790$ 4151 - BD Expense- Golf 12,440 - 12,440 (7,269) - (7,269) - 7,269 4154 - Golf Course Daily Greens Fees 65,982 82,000 (16,018) 277,165 325,000 (47,835) 401,800 124,635 4170 - Driving Range Fees 3,924 3,900 24 17,354 19,700 (2,346) 23,000 5,646 4174 - Golf Cart Rental 20,177 23,000 (2,823) 87,741 93,300 (5,559) 113,000 25,259 4176 - Golf Club Storage 20 100 (80) 1,473 1,520 (47) 1,520 47 4178 - Trail Fees 279 100 179 14,859 13,250 1,609 13,250 (1,609)

Total Golf Income 106,932 110,700 (3,768) 594,032 661,870 (67,838) 768,070 174,037

ExpenseAdministrative5107 - Advertising Costs 991 500 491 5,457 6,300 (843) 7,000 1,543 5015 - Bank Charges & Fees 577 1,800 (1,223) 7,117 8,820 (1,703) 12,845 5,728 5120 - Cash Over/Short (0) - (0) (96) - (96) - 96 5045 - Dues & Subscriptions 1,808 760 1,048 15,557 15,305 252 17,270 1,713 5000 - General Administrative - 400 (400) 420 1,500 (1,080) 1,900 1,480 5090 - Office Supplies 27 25 2 147 200 (53) 300 153 5205 - Events Charges - - - 78 - 78 - (78) 5210 - Printing & Copying 582 - 582 2,216 2,980 (764) 2,980 764 5227 - Training & Conferences 75 - 75 1,198 1,900 (702) 2,400 1,202

Total Administrative 4,059 3,485 574 32,094 37,005 (4,911) 44,695 12,601

Regulatory Compliance6165 - Hazardous Tree Removal/ Pruning - - - - 700 (700) 1,300 1,300 6300 - Permits & Licenses 305 - 305 413 600 (187) 800 387 9005 - State B&O Tax - 512 (512) 2,387 3,154 (767) 3,624 1,237

TotalRegulatory Compliance 305 512 (207) 2,800 4,454 (1,654) 5,724 2,924

Income Statement ReportSudden Valley Community Association

GolfAugust 1, 2016 to August 31, 2016

Current Period Year to Date (8 months)

/25





CC&Rs/ Mandates5115 - Web Site Maintenance - - - 33 - 33 - (33) 5215 - Postage 3 75 (72) 476 510 (34) 765 289 CC&Rs/ Mandates Total 3 75 (72) 509 510 (1) 765 256

Payroll & Benefits5385 - Payroll Benefits - Medical 3,042 3,110 (68) 27,346 27,215 131 39,655 12,309 5335 - Payroll Taxes- Employer 4,585 5,408 (823) 31,149 36,019 (4,870) 52,232 21,083 5300 - Salaries 38,973 38,511 462 263,377 269,274 (5,897) 390,474 127,097

Total Payroll & Benefits 46,600 47,029 (429) 321,872 332,508 (10,636) 482,361 160,489

Insurance5400 - Insurance Premiums 333 333 (0) 2,663 2,663 (0) 3,994 1,331

Total Insurance 333 333 (0) 2,663 2,663 (0) 3,994 1,331

Utilities6050 - Utilities- Communications Service 965 346 619 5,262 2,773 2,489 4,160 (1,102) 6033 - Utilities- Electricity 2,883 2,489 394 12,858 15,706 (2,848) 20,959 8,101 6005 - Utilities- Natural Gas 210 181 29 2,275 2,860 (585) 4,000 1,725 6023 - Utilities- Water & Sewer 1,797 1,146 651 6,650 9,158 (2,508) 13,736 7,086 6035 - Utilties- Trash & Recycling Service 491 219 272 703 1,750 (1,047) 2,625 1,922

Total Utilities 6,346 4,381 1,965 27,747 32,247 (4,500) 45,480 17,732

Maintenance & Landscaping6515 - Building R&M - - - 88 - 88 - (88) 6675 - Equipment R&M 896 3,084 (2,188) 28,693 26,167 2,526 40,000 11,307 6635 - Janitorial Supplies - 20 (20) - 160 (160) 240 240 6110 - Landscape R&M (525) 2,500 (3,025) 35,859 17,300 18,559 26,300 (9,559) 6796 - Other R&M 538 200 338 565 1,500 (935) 2,200 1,635 6795 - Other Supplies 182 1,500 (1,318) 15,484 14,000 1,484 17,800 2,316 6610 - Raw Materials 8,081 2,000 6,081 13,802 14,100 (298) 20,800 6,998 6621 - Raw Materials: Sand & Gravel 2,609 2,000 609 8,609 9,311 (702) 14,300 5,691 6765 - Small Tools & Equipment 81 100 (19) 1,571 2,350 (779) 2,750 1,179 6785 - Vehicle Fuel 2,343 3,000 (657) 10,542 18,000 (7,458) 22,400 11,858 6775 - Vehicle R&M - 200 (200) 1,961 800 1,161 1,000 (961)

Total Maintenance & Landscaping 14,205 14,604 (399) 117,176 103,688 13,488 147,790 30,616


/25





5085 - Equipment Lease & Rental 103 450 (347) 2,631 4,350 (1,719) 4,900 2,269 6440 - Safety & Security Services - - - 895 400 495 600 (295) 6408 - Uniform and Laundry Service 755 325 430 2,887 3,000 (113) 4,175 1,288 7095 - Other Professional Services - - - 543 1,200 (658) 1,200 658

Total Contracted & Professional Services 858 775 83 6,955 8,950 (1,995) 10,875 3,920

Total Golf Expense 72,709 71,194 1,515 511,816 522,025 (10,209) 741,684 229,869

Total Golf Income / (Loss) 34,223$ 39,506$ (5,283)$ 82,216$ 139,845$ (57,629)$ 26,386$ (55,833)$

/25



Marina/Parks/BeachesAugust 01, 2016 thru August 31, 2016




Remaining Budget

Income

Marina Income

4415 - Marina Wet Slip Income 0.00 0.00 0.00 9,957.50 4,925.00 5,032.50 4,925.00 (5,032.50)

4420 - Marina Dry Slip Income 1,370.00 0.00 1,370.00 36,760.00 43,980.00 (7,220.00) 43,980.00 7,220.00

4425 - Marina Wet/Dry Combo Income 805.00 0.00 805.00 61,775.00 66,060.00 (4,285.00) 66,060.00 4,285.00

4426 - BD Expense- Marina 360.00 0.00 360.00 (1,425.00) 0.00 (1,425.00) 0.00 1,425.00

2,535.00 0.00 2,535.00 107,067.50 114,965.00 (7,897.50)Total Marina Income 114,965.00 7,897.50

Rental Income - Other

4400 - Facility Rentals 100.00 0.00 100.00 800.00 0.00 800.00 0.00 (800.00)

4411 - Picnic Shelter Rentals 425.00 0.00 425.00 1,825.00 0.00 1,825.00 0.00 (1,825.00)

525.00 0.00 525.00 2,625.00 0.00 2,625.00 Total Rental Income - Other 0.00 (2,625.00)

Other Income

4220 - Gate & Access Fees 367.00 0.00 367.00 2,032.00 0.00 2,032.00 0.00 (2,032.00)


3,427.00 0.00 3,427.00 111,724.50 114,965.00 (3,240.50)Total Marina/Parks/Beaches Income 114,965.00 3,240.50

Expense


6300 - Permits & Licenses 0.00 0.00 0.00 0.00 100.00 (100.00) 100.00 100.00

7110 - Regulatory Compliance (10.81)148.00 137.19 1,196.25 1,186.00 10.25 1,779.00 582.75

9005 - State B&O Tax (145.00)145.00 0.00 1,640.75 1,159.00 481.75 1,738.00 97.25

137.19 293.00 (155.81) 2,837.00 2,445.00 392.00 Total Regulatory Compliance 3,617.00 780.00

Utilities

6023 - Utilities- Water & Sewer 903.63 108.00 1,011.63 1,750.74 868.00 882.74 1,302.00 (448.74)

6033 - Utilities- Electricity (23.36)84.00 60.64 620.60 667.00 (46.40) 1,000.00 379.40

6050 - Utilities- Communications Service 142.12 145.00 287.12 1,289.53 1,160.00 129.53 1,740.00 450.47

1,359.39 337.00 1,022.39 3,660.87 2,695.00 965.87 Total Utilities 4,042.00 381.13




Marina/Parks/BeachesAugust 01, 2016 thru August 31, 2016




Remaining Budget

Expense


6110 - Landscape R&M 0.00 0.00 0.00 73.22 0.00 73.22 0.00 (73.22)

6515 - Building R&M 405.67 0.00 405.67 1,620.91 0.00 1,620.91 0.00 (1,620.91)

6765 - Small Tools & Equipment 0.00 0.00 0.00 21.68 0.00 21.68 0.00 (21.68)

6795 - Other Supplies 0.00 0.00 0.00 19.75 0.00 19.75 0.00 (19.75)

405.67 0.00 405.67 1,735.56 0.00 1,735.56 Total Maintenance & Landscaping 0.00 (1,735.56)

1,902.25 630.00 1,272.25 8,233.43 5,140.00 3,093.43 Total Marina/Parks/Beaches Expense 7,659.00 (574.43)

1,524.75 (630.00) 2,154.75 103,491.07 109,825.00 (6,333.93)Total Marina/Parks/Beaches Income / (Loss) 107,306.00 3,814.93




Pool/Health ClubAugust 01, 2016 thru August 31, 2016




Remaining Budget

Income

Other Income

4250 - Adult Center Pool Fees 276.00 0.00 276.00 2,546.00 0.00 2,546.00 0.00 (2,546.00)


276.00 0.00 276.00 2,546.00 0.00 2,546.00 Total Pool/Health Club Income 0.00 (2,546.00)

Expense


6300 - Permits & Licenses 0.00 0.00 0.00 330.00 0.00 330.00 0.00 (330.00)

9005 - State B&O Tax 0.00 0.00 0.00 34.05 0.00 34.05 0.00 (34.05)

0.00 0.00 0.00 364.05 0.00 364.05 Total Regulatory Compliance 0.00 (364.05)

Utilities

6000 - Utilities 1,086.20 0.00 1,086.20 1,016.41 0.00 1,016.41 0.00 (1,016.41)

6033 - Utilities- Electricity 0.00 0.00 0.00 (835.10) 0.00 (835.10) 0.00 835.10

1,086.20 0.00 1,086.20 181.31 0.00 181.31 Total Utilities 0.00 (181.31)


6515 - Building R&M 113.31 0.00 113.31 413.98 0.00 413.98 0.00 (413.98)

113.31 0.00 113.31 413.98 0.00 413.98 Total Maintenance & Landscaping 0.00 (413.98)


6438 - Pool Management 4,355.98 0.00 4,355.98 10,019.64 0.00 10,019.64 0.00 (10,019.64)

4,355.98 0.00 4,355.98 10,019.64 0.00 10,019.64 Total Contracted & Professional Services 0.00 (10,019.64)

5,555.49 0.00 5,555.49 10,978.98 0.00 10,978.98 Total Pool/Health Club Expense 0.00 (10,978.98)

(5,279.49) 0.00 (5,279.49) (8,432.98) 0.00 (8,432.98)Total Pool/Health Club Income / (Loss) 0.00 8,432.98


sudden valley community association balance sheet august ...(294,932) (19,255) 4,101 420 159 85,983...

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