St Albans Square Neighborhood Association
|
Summary of Common Area Finance for 2006
|
| December 31, 2005 |
Checking Balance |
|
$14,136.88 |
|
|
2005 Accrued Costs |
($4,652.26) |
|
|
Reserve Balance |
|
$22,594.94 |
|
|
2005 Audited Reserve Adjustments |
$4,599.26 |
|
|
Total |
|
|
$36,678.82 |
|
|
|
|
|
|
Operating Income for the year |
|
$74,063.00 |
|
Reserve Income for the year |
|
$1,800.00 |
|
|
|
|
|
|
Expenses |
Management & Legal |
$24,128.00 |
|
|
|
Insurance |
$2,864.00 |
|
|
|
Landscaping |
$26,679.00 |
|
|
|
Utilities |
$7,073.00 |
|
|
|
Other (newsletter, supplies, fountains etc) |
$12,095.00 |
|
|
|
Reserve Contribution |
$1,800.00 |
|
|
Total Operating Expenses for the year |
|
$74,639.00 |
|
|
|
|
|
|
|
Reserve Expenses (Wolf St. Landscape) |
$3,280.00 |
|
|
Total Reserve Expenses for the year |
|
$3,280.00 |
|
|
|
|
|
| December 31, 2006 |
Checking Balance |
|
$701.62 |
|
|
+/- Outstanding Deposits/Checks |
$8,207.00 |
|
|
Reserve Balance |
|
$25,714.20 |
|
|
Total |
|
$34,622.82 |
$34,622.82 |
|
|
|
|
|
Summary of Townhome Peer Group (Townhome Unique Items)
Finance for 2006
|
| December 31, 2005 |
Checking Balance |
$54,065.32 |
|
|
2005 Accrued Cost |
($35,227.53) |
|
|
Reserve Balance |
|
$212,711.96 |
|
|
2005 Accrued Cost |
$43,516.20 |
|
|
Total |
|
|
$275,065.95 |
|
|
|
|
|
|
Operating Income for the year |
|
$262,764.00 |
|
Reserve Income for the year |
|
$119,296.00 |
|
|
|
|
|
|
Expenses |
Management & Legal |
$13,306.00 |
|
|
|
Insurance & Termite |
$37,545.00 |
|
|
|
Landscaping |
$66,480.00 |
|
|
|
Utilities |
$11,097.00 |
|
|
|
Building Maintenance |
$19,755.00 |
|
|
|
Other (office sup, pest control) |
$1,800.00 |
|
|
|
Transfer to Reserves |
$119,296.00 |
|
|
Total Operating Expenses for the year |
|
$269,279.00 |
|
|
|
|
|
|
|
Paint Bulidings F-J & Touchup others |
$ 64,012.65 |
|
|
Total Reserve Expenses for the year |
|
$64,012.65 |
|
|
|
|
|
| December 31, 2006 |
Checking Balance |
|
$20,529.79 |
|
|
+/- Outstanding Deposits/Checks |
($8,207.00) |
|
|
Reserve Balance |
|
$311,511.51 |
|
|
Total |
|
$323,834.30 |
$323,834.30 |