| Final Report for Fiscal Year, 2002: Collections and Expenditures | ||||
| July 1, 2001 through June 30, 2002 | ||||
| Billed | Collected | |||
| Collections | ||||
| Property Owner Assessments @ $20 | 6,900.00 | 6,660.00 | ||
| Road Fund Contributions | 8,900.00 | 9,681.00 | ||
| Capital Improvements Contributions | 10,000.00 | 7,323.00 | ||
| Storage Lot Fees | 1,000.00 | 1,000.00 | ||
| Total | 26,800.00 | 24,664.00 | ||
| Miscellaneous, non-dedicated | ||||
| Architectural Review Fee | 775.00 | |||
| Community Center Lease | 150.00 | |||
| Recycling Proceeds | 91.08 | |||
| Interest Income | 1,372.35 | |||
| Sale of Directories | 11.00 | |||
| Total | 2,399.43 | |||
| Miscellaneous, dedicated | ||||
| Road Damage Fee (Road Fund) | 1,750.00 | |||
| Rummage Sale Proceeds (Fire/EMS) | 1,357.25 | |||
| Total | 3,107.25 | |||
| Expenditures-normal operations | Budget | Actual | ||
| Bank Service Charges | 25.00 | 64.83 | ||
| Liability Insurance - POA | 3,050.00 | 3,038.44 | ||
| Liability Insurance - Off & Dir | 1,100.00 | 1,050.00 | ||
| Property Insurance - Center | 242.00 | |||
| Property Taxes - Center | 200.00 | 195.49 | ||
| Property Taxes - Lots for sale | 360.00 | |||
| Repairs and Maintenance | 300.00 | 1,051.46 | ||
| Storage Lot Lease | 500.00 | 500.00 | ||
| Supplies & Postage | 1,850.00 | 1,409.59 | ||
| Utilities - Electric | 750.00 | 489.36 | ||
| Utilities - Water | 500.00 | 474.22 | ||
| Contingency Fund | 500.00 | |||
| Totals | 9,135.00 | 8,515.39 | ||
| Expenditures - Special | ||||
| Road repairs | 20,000.00 | 25,929.08 | ||
| Balance on Fire/EMS contract - 2001 | 5,822.53 | |||
| Upgrade to entrance | 2,118.74 | |||
| Totals | 20,000.00 | 33,870.35 | ||
| Total Collected | 30,170.68 | |||
| Total Spent | 42,385.74 | |||
| BALANCE SHEET for fiscal years ending | June 30, 02 | June 30, 01 | ||
| Current Assets | ||||
| Cash in Bank - General Fund | 2,306.08 | 2,578.12 | ||
| Cash in Bank - Money Market Account | 69,188.34 | 65,504.56 | ||
| Cash in Bank - Road Fund | 11,109.41 | 19,764.10 | ||
| Petty Cash | 1.60 | 11.02 | ||
| Due from Owners - Fire/EMS | 6,976.95 | |||
| Year 2003 - POA Dues | 2,010.00 | |||
| Year 2003 - Storage Lot Rent | 340.00 | |||
| Total Current Assets | 91,932.38 | 87,857.80 | ||
| Fixed Assets | ||||
| Community Center | 9,382.99 | 9,382.99 | ||
| Lots held for sale | 53,752.09 | 71,206.58 | ||
| Roads | 71,250.19 | 71,250.19 | ||
| Tractor and Equipment | 4,004.63 | 4,004.63 | ||
| Total Fixed Assets | 138,389.90 | 155,844.39 | ||
| Other long term assets | ||||
| Accounts Receivable - Legal* | 397.00 | 180.00 | ||
| Prior Year Receivables - Fire/EMS | 3,825.85 | |||
| Total Other Assets | 397.00 | 4,005.85 | ||
| Total Assets | 230,719.28 | 247,708.04 | ||
| Current Liabilities | ||||
| Lake LBJ MUD contract - 2001 | 14,440.17 | |||
| Lake LBJ MUD contract - 2002 | 13,181.12 | |||
| Septic Deposits Refundable | 1,500.00 | 2,060.00 | ||
| Total Current Liabilities | 14,681.12 | 16,500.17 | ||
| Long-term Liabilities | ||||
| Refundable - Lots held for sale | 53,480.58 | 71,206.58 | ||
| Total Liabilities | 68,161.70 | 87,706.75 | ||
| Fund Balances | ||||
| Investment in Community Center | 9,382.99 | 9,382.99 | ||
| Investment in Roads | 71,250.19 | 71,250.19 | ||
| Investment in Tractor and Equipment | 4,004.63 | 4,004.63 | ||
| Lot Purchase Restricted Funds | -3.39 | |||
| Memorial Tree Fund | 15.00 | 15.00 | ||
| Reserve for Fire/EMS contract | 3,759.96 | |||
| Reserve for Road Fund-general | 5,231.55 | |||
| Reserve for Road Fund-Scenic Drive | 5,353.64 | |||
| Storage Area Restricted Fund | 807.02 | 2,925.76 | ||
| Unrestricted Funds | 281.92 | |||
| Net Assets | 62,470.68 | 72,426.11 | ||
| Total Fund Balances | 162,557.58 | 160,001.29 | ||
| Total Liabilities and Fund Balances | 230,719.28 | 247,708.04 | ||
| *Unpaid yearly dues from previous years, collectible under the law | ||||