TIMBERDALE RANCH OWNERS ASSOCIATION
     				   Profit & Loss Budget vs. Actual
     				            3/14/2017

                                                Jan - Dec 17           Budget          $ Over Budget

       Ordinary Income/Expense
         Income
           Horse Dues                                      0.00              125.00            -125.00
           Dues Payments                              27,747.50           30,750.00          -3,002.50
           Interest Income                                 0.00               31.00             -31.00
           Gas Royalty                                 2,189.22            7,000.00          -4,810.78
         Total Income                                 29,936.72           37,906.00          -7,969.28

         Expense
           Equipment Maintenance                           0.00            3,000.00          -3,000.00
           Dumpsters                                   9,856.00            9,856.00               0.00
           Taxes                                       1,725.00            1,400.00             325.00
           Snowplowing Expense                             0.00            3,000.00          -3,000.00
           Fire Mitigation                                 0.00            1,000.00          -1,000.00
           Insurance                                       0.00            2,200.00          -2,200.00
           Ranchhouse Upkeep                               0.00            2,000.00          -2,000.00
           Road Construction/Maintenance                   0.00           13,000.00         -13,000.00
           Tractor Fuel                                    0.00            1,000.00          -1,000.00
           TROA Admin/General Expenses                   760.00              950.00            -190.00
           Weedspray/harrow                                0.00              500.00            -500.00
         Total Expense                                12,341.00           37,906.00         -25,565.00

       Net Ordinary Income                            17,595.72                0.00          17,595.72


				Current Assets
         Checking/Savings
           TROA Savings Reserve Account                 28,613.70
           Bank Credit Adjustment                          -40.86
           Checking-Pine River
             Horse Owners                            -221.87
             Checking-Pine River - Other           33,498.56
           Total Checking-Pine River                    33,276.69

           Savings-Pine River                              967.43
           Caretaker Petty Cash                            300.00
         Total Checking/Savings                         63,116.96

         Accounts Receivable
           Accounts Receivable                           4,382.50
         Total Accounts Receivable                       4,382.50

       Total Current Assets                             67,499.46