TIMBERDALE RANCH OWNERS ASSOCIATION

     11/13/18                Profit & Loss Budget vs. Actual

                                                Jan - Dec 18           Budget          $ Over Budget

       Ordinary Income/Expense

         Income

           Private Lot Work                              300.00

            Horse Dues                                    125.00              125.00               0.00

           Dues Payments                              32,140.00           32,000.00             140.00

           Interest Income                                14.48               10.00               4.48

           Gas Royalty                                10,421.19            9,500.00             921.19

         Total Income                                 43,000.67           41,635.00           1,365.67

         Expense

           Equipment Maintenance                         672.61            3,000.00          -2,327.39

           Dumpsters                                  11,220.00           11,220.00               0.00

           Taxes                                       2,641.00            2,500.00             141.00

           Fire Mitigation                             3,720.00            3,360.00             360.00

           Insurance                                   3,902.00            3,000.00             902.00

           Ranchhouse Upkeep                           3,177.97            2,000.00           1,177.97

           Road Construction/Maintenance              18,168.46           15,055.00           3,113.46

           Tractor Fuel                                    0.00              500.00            -500.00

           TROA Admin/General Expenses                 2,555.81            1,000.00           1,555.81

           Weedspray/harrow                              975.49

         Total Expense                                47,033.34           41,635.00           5,398.34

       Net Ordinary Income                            -4,032.67                0.00          -4,032.67

            Savings Reserve Account                              28,642.25

              Bank Credit Adjustment                                  -40.86

              Checking-Pine River

                Horse Owners                                     28.13

                Checking-Pine River - Other                  18,514.72

              Total Checking-Pine River                            18,542.85

              Savings-Pine River                                      968.28

              Caretaker Petty Cash                                    300.00

         Total Checking/Savings                                    48,412.52