TIMBERDALE RANCH OWNERS ASSOCIATION 06/19/19 Profit & Loss Budget vs. Actual Jan - Dec 19 Budget $ Over Budget Ordinary Income/Expense Income Horse Dues 125.00 125.00 0.00 Dues Payments 33,880.00 34,750.00 -870.00 Interest Income 3.65 15.00 -11.35 Gas Royalty 6,334.68 11,000.00 -4,665.32 Total Income 40,343.33 45,890.00 -5,546.67 Expense Equipment Maintenance 4,386.31 1,000.00 3,386.31 Dumpsters 10,940.98 12,375.00 -1,434.02 Taxes 3,044.00 3,000.00 44.00 Fire Mitigation 0.00 2,315.00 -2,315.00 Insurance 948.24 4,200.00 -3,251.76 Ranchhouse Upkeep 608.94 2,000.00 -1,391.06 Road Construction/Maintenance 11,579.60 18,000.00 -6,420.40 Tractor Fuel 1,264.05 500.00 764.05 TROA Admin/General Expenses 644.05 2,000.00 -1,355.95 Weedspray/harrow 54.99 500.00 -445.01 Total Expense 33,471.16 45,890.00 -12,418.84 Net Ordinary Income 6,872.17 0.00 6,872.17 Checking/Savings TROA Savings Reserve Account 28,649.39 Bank Credit Adjustment -40.86 Checking-Pine River Horse Owners 153.13 Checking-Pine River - Other 23,737.69 Total Checking-Pine River 23,890.82 Savings-Pine River 968.52 Caretaker Petty Cash 500.00 Total Checking/Savings 53,967.87 Accounts Receivable Accounts Receivable 735.00 Total Accounts Receivable 735.00 Other Current Assets Undeposited Funds 725.00 Total Other Current Assets 725.00 Total Current Assets 55,427.87