TIMBERDALE RANCH OWNERS ASSOCIATION

                                    04/03/18

                           Profit & Loss Budget vs. Actual

 

 

                                                Jan - Dec 18           Budget          $ Over Budget

 

       Ordinary Income/Expense

         Income

           Horse Dues                                      0.00              125.00            -125.00

           Dues Payments                              28,776.50           32,000.00          -3,223.50

           Interest Income                                 0.00               10.00             -10.00

           Gas Royalty                                 3,209.84            9,500.00          -6,290.16

 

         Total Income                                 31,986.34           41,635.00          -9,648.66

         Expense

           Equipment Maintenance                           0.00            3,000.00          -3,000.00

 

           Dumpsters                                  11,220.00           11,220.00               0.00

           Taxes                                       2,641.00            2,500.00             141.00

           Fire Mitigation                                 0.00            3,360.00          -3,360.00

 

           Insurance                                     344.75            3,000.00          -2,655.25

           Ranchhouse Upkeep                               0.00            2,000.00          -2,000.00

           Road Construction/Maintenance                   0.00           15,055.00         -15,055.00

           Tractor Fuel                                    0.00              500.00            -500.00

           TROA Admin/General Expenses                   105.00            1,000.00            -895.00

 

         Total Expense                                14,310.75           41,635.00         -27,324.25

 

       Net Ordinary Income                            17,675.59                0.00          17,675.59

      

       Current Assets

                Checking/Savings

                  TROA Savings Reserve Account                         28,628.01

                  Bank Credit Adjustment                                  -40.86

                  Checking-Pine River

                    Horse Owners                                    -96.87

                    Checking-Pine River - Other                  40,362.46

      

                  Total Checking-Pine River                            40,265.59

                  Savings-Pine River                                      967.92

                  Caretaker Petty Cash                                    300.00

      

                Total Checking/Savings                                 70,120.66

      

                Accounts Receivable

                  Accounts Receivable                                   3,358.50

      

                Total Accounts Receivable                               3,358.50

      

       Total Current Assets                                     73,479.16