TIMBERDALE RANCH OWNERS ASSOCIATION

                                    06/12/18

                        Profit & Loss Budget vs. Actual

 

 

                                                Jan - Dec 18           Budget          $ Over Budget

 

       Ordinary Income/Expense

         Income

           Horse Dues                                    125.00              125.00               0.00

           Dues Payments                              31,460.00           32,000.00            -540.00

           Interest Income                                 7.06               10.00              -2.94

           Gas Royalty                                 5,251.83            9,500.00          -4,248.17

 

         Total Income                                 36,843.89           41,635.00          -4,791.11

         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                             1,110.00            3,360.00          -2,250.00

 

           Insurance                                   1,034.25            3,000.00          -1,965.75

           Ranchhouse Upkeep                               0.00            2,000.00          -2,000.00

           Road Construction/Maintenance              16,980.00           15,055.00           1,925.00

           Tractor Fuel                                    0.00              500.00            -500.00

           TROA Admin/General Expenses                   183.75            1,000.00            -816.25

 

         Total Expense                                33,169.00           41,635.00          -8,466.00

 

       Net Ordinary Income                             3,674.89                0.00           3,674.89

     Net Income                                        3,674.89                0.00           3,674.89

 

 

      Current Assets

         Checking/Savings

           TROA Savings Reserve Account                         28,635.07

           Bank Credit Adjustment                                  -40.86

           Checking-Pine River

             Horse Owners                                      28.13

             Checking-Pine River - Other                   26,229.70

 

           Total Checking-Pine River                            26,257.83

           Savings-Pine River                                      968.04

           Caretaker Petty Cash                                    300.00

 

         Total Checking/Savings                                 56,120.08

 

         Accounts Receivable

           Accounts Receivable                                     675.00

 

         Total Accounts Receivable                                 675.00

 

       Total Current Assets                                     56,795.08