sudden valley community association july and 31,...
TRANSCRIPT
Unaudited Audited
Jul 31, 2017 Dec 31, 2016 Inc / (Dec)
Current Assets
Operating Cash 337,861$ 154,892$ 182,969$
Building Completion Deposit Fund 120,062 105,000 15,062
Member Receivables ‐ ‐ ‐
Other Receivables 2,532 11,090 (8,558)
Prepaid Expenses 82,780 56,866 25,914
Inventory 3,583 3,906 (323)
Total Current Assets 546,818 331,754 215,064
Current Liabilities
Accounts Payable (60,139) (94,013) 33,874
Prepaid Assessments (212,340) (126,392) (85,948)
Building Completion Deposits (120,000) (105,000) (15,000)
Other Refundable Deposits (5,413) (6,213) 800
Prepaid Golf Memberships (1,517) (28,452) 26,935
Total Current Liabilities (399,409) (360,070) (39,339)
Net Operating Assets 147,409$ (28,316)$ 175,725$
Capital Reserve Funds
CRRRF Reserve Fund 1,188,668 1,137,789 50,879
Roads Reserve Fund 1,759,923 1,490,511 269,412
Density Reduction Fund 151,374 122,955 28,419
Mailbox Fund 5,086 4,854 232
Capital Reserve Holding Fund 175,724 70,522 105,202
Mitigation Assignment of Savings 38,110 38,079 31
Total Capital Reserve Funds 3,318,885 2,864,710 454,175
Operating Reserve Funds
Emergency Operating Cash 351,462 351,258 204
Undesignated Reserves 188,013 164,686 23,327
Total Operating Reserves 539,475 515,944 23,531
Capital Assets
Fixed Assets 8,804,963 8,705,396 99,567
Lots Held for Sale 241,018 241,018 ‐
Total Capital Assets 9,045,981 8,946,414 99,567
Long Term Liabilities
Capital Lease (51,458) (68,538) 17,080
Total Long Term Liabilities (51,458) (68,538) 17,080
NET ASSETS 13,000,292$ 12,230,214$ 770,078$
Member Equity
Current Year Net Income: Operations $193,674 $66,160 $127,514
Current Year Net Income: Capital 577,404 608,321 (30,917)
Retained Earnings 4,387,494 4,321,334 66,160
Capital 7,841,720 7,233,399 608,321
TOTAL MEMBER EQUITY 13,000,292$ 12,229,214$ 771,078$
* The Association's policy is to write off any member receivables that are 30 days past due as bad debts for internal
financial statement purposes. As per SVCA policy, Management continues to pursue collection of these receivables via
all avenues allowed by Washington State laws. In addition, the Association records and bills finance charges on
receivables that are thirty days past due at 1% per month. At July 31, 2017, and December 31, 2016, the balance of
receivables written off under this policy were respectively, $707,156 and $1,037,729.
Member Equity
Sudden Valley Community Association
Balance Sheet
July 31, 2017 and December 31, 2016
Operations
1/ 27
UNAUDITED
Operations
Operations
Better / (Worse)
Spending Plan Reserves Operations
Operations
Better / (Worse)
Spending Plan Coll % Reserves
REVENUE
Current Year Dues & Assessments IncomeDues & Assessments Income 145,674$ 89,188$ 1,017,368$ 656,664$ Bad Debt Reserve (4,784) (3,174) (39,926) (18,720)
Net Current Year Assessment Income 140,890$ 10,050$ 86,014$ 977,442$ 61,555$ 96.1% 637,944$ Bad Debt Recoveries ‐ Prior Years* 13,288 139,832 Golf Income 117,081 (6,719) ‐ 489,938 (61,232) ‐ Marina Income 3,021 2,861 ‐ 112,834 (3,593) ‐ Legal & Collections Income ‐ ‐ 4,271 ‐ ‐ 247,903 Other Income 15,180 41 33,207 97,077 36,640 169,594 Rental Income ‐ Other 3,563 145 ‐ 25,716 1,599 ‐ Rental Income‐ Area Z 2,418 961 ‐ 12,266 2,065 ‐ Investment Income 17 (43) 390 96 (324) 2,490
Total Revenue 282,170$ 7,296$ 137,170$ 1,715,369$ 36,710$ 1,197,763$
EXPENSES
Salaries & Benefits 121,581$ 48,819$ ‐$ 781,304$ 59,552$ ‐$ Contracted & Professional Services 19,192 (5,609) 4,973 124,914 (3,295) 60,809 CC&Rs/ Mandates 24,090 1,786 2,398 155,794 (80) 41,995 Maintenance & Landscaping 22,484 7,316 ‐ 196,287 (17,077) ‐ Utilities 5,223 5,964 ‐ 74,964 (3,857) ‐ Administrative 7,565 798 ‐ 66,373 4,931 ‐ Regulatory Compliance 8,702 (4,023) 63 62,521 (10,651) 10,421 Insurance Premiums 8,547 (74) ‐ 59,864 (550) ‐ Other Expenses ‐ 250 ‐ (326) 2,075 ‐ Capital Lease Interest Expense ‐ ‐ 211 ‐ ‐ 1,679 Depreciation Expense ‐ ‐ 71,225 ‐ ‐ 505,455
Total Expenses 217,384$ 55,227$ 78,870$ 1,521,695$ 31,048$ 620,359$
Net Income (Loss) 64,786$ 62,523$ 58,300$ 193,674$ 67,758$ 577,404$
Net UDR Activity for Operations
Snow Response, SGM, and Accounting Assistant 3,318 (3,318) (3,318) 57,250 (57,250) (57,250)
Net Income (Loss) with UDR 61,468$ 59,205$ 61,618$ 136,424$ 10,508$ 634,654$
*Prior year recoveries for operations are deposited into the Undesignated Reserve Account (UDR)and reported in the Reserves column.
Year to Date ‐ 7 Months Ending 07/31/2017Current Month ‐ July 2017
Sudden Valley Community Association
Income Statement Summary
2/ 27
Sudden Valley Community Association
Reserve Cash Balance & Activity
7 Months Actual, 5 Months Projected
UNAUDITED
CRRRF Roads
Capital Reserve
Holding Fund
Density
Reduction Mailbox Emergency Ops UDR
Mitigation
Assignment of
Savings* Totals
Net Available Cash 12/31/2016 1,137,789 1,490,511 70,522 122,955 4,854 351,258 164,686 38,079 3,380,654
Dues Received 286,385 399,083 105,159 2 230 ‐ 122,299 913,158
Storm Water Mitigation Plan Income 2,500 2,500
Investment Income 841 1,199 43 60 2 204 110 31 2,490
Sale of Assets 1,200 63,337 64,537
Legal Settlement Income 223,048 ‐ 223,048
Mitigation Assignment of Savings ‐ ‐
2017 Expenditures (460,595) (133,370) ‐ (34,980) (99,082) (728,027)
Net Available Cash at 07/31/2017 1,188,668 1,759,923 175,724 151,374 5,086 351,462 188,013 38,110 3,858,360
5 Month Outlook
Outlook ‐ 2017 Dues (93% collections) 160,430 252,855 413,285
Outlook ‐ Prior Year Collections 319 313 7 189 28,067 28,895
Outlook ‐ Other Cash ‐
Obligated Expenses (332,564) (1,077,928) (103,269) (38,110) (1,551,871)
Net Usable Cash Balance 12/31/2017 1,016,853 935,163 175,724 151,381 5,275 351,462 112,811 ‐ 2,748,669
Board Recommended Carryover Balance* (600,000) (500,000) (1,100,000)
Net Usable Cash 12/31/2017, After Motions 416,853 435,163 175,724 151,381 5,275 351,462 112,811 ‐ 1,648,669
Net Current Year Cash Increase (Decrease) (120,936) (555,348) 105,202 28,426 421 204 (51,875) (38,079) (631,985)
*Note, when mitigation period has ended unspent funds will be returned to the source account, Roads.
3/ 27
Sudden Valley Community Association
Operations ‐ By Department Whole $
July 1, 2017 to July 31, 2017
CURRENT MONTH
UNAUDITED Actual Salary Actual Net
Actual Revenue Salary & Benefits Other Other Exp Income / Net
Department Revenue B / (W) Benefits B / (W) Expense * B / (W)* (Loss) * B / (W)*
ACC / Security 4,050$ (5,750)$ 8,137$ 4,342$ 27,006$ (7,350)$ (31,093)$ (8,758)$
Accounting 4,506 2,796 16,070 8,210 4,344 467 (15,908) 11,473
Administration 1,252 1,119 22,782 11,523 7,939 2,356 (29,469) 14,998
Common Costs 4,105 1,720 ‐ ‐ 19,176 (923) (15,071) 797
Facilities 5,696 1,122 3,665 2,811 5,673 7,700 (3,642) 11,633
Maintenance ‐ (192) 13,151 (1,679) 2,779 1,651 (15,930) (220)
Subtotal 19,609 815 63,805 25,207 66,917 3,901 (111,113) 29,923
Golf 117,081 (6,719) 55,615 18,115 22,082 2,956 39,384 14,352
Marina 3,606 2,665 2,161 5,497 2,557 1,998 (1,112) 10,160
Pools 985 485 ‐ ‐ 4,247 (2,447) (3,262) (1,962)
Subtotal 141,281 (2,754) 121,581 48,819 95,803 6,408 (76,103) 52,473
Ops Dues Earned 145,674 145,674
Curr Yr Bad Debts Activity (4,783) (4,783)
Net Ops Dues 140,891 10,050 140,891 10,050
Net Operations 282,172$ 7,296$ 121,581$ 48,819$ 95,803$ 6,408$ 64,788$ 62,523$
* Excludes Depreciation
B / (W) = Better / (Worse) Than Spending Plan
4/ 27
Sudden Valley Community Association
Operations ‐ By Department Whole $
July 1, 2017 to July 31, 2017
YEAR TO DATE
UNAUDITED Actual Salary Actual Net
Actual Revenue Salary & Benefits Other Other Exp Income / Net
Department Revenue B / (W) Benefits B / (W) Expense * B / (W)* (Loss) * B / (W)*
ACC / Security 38,520$ 14,020$ 59,463$ 3,974$ 161,707$ 549$ (182,650)$ 18,543$
Accounting 25,883 13,916 116,045 8,003 38,769 (4,799) (128,931) 17,120
Administration 6,424 5,491 165,275 7,912 61,957 (6,655) (220,808) 6,748
Common Costs 20,542 3,847 ‐ ‐ 132,893 9,873 (112,351) 13,720
Facilities 36,117 4,097 26,669 5,988 74,375 7,571 (64,927) 17,656
Maintenance 424 (922) 107,667 (3,068) 53,840 (15,655) (161,083) (19,645)
Subtotal 127,910 40,449 475,119 22,809 523,541 (9,116) (870,750) 54,142
Golf 489,938 (61,232) 292,873 30,272 181,711 (11,752) 15,354 (42,712)
Marina 116,995 (3,647) 13,312 6,471 21,785 (2,920) 81,898 (96)
Pools 3,085 (415) ‐ ‐ 13,355 (4,716) (10,270) (5,131)
Subtotal 737,928 (24,845) 781,304 59,552 740,392 (28,504) (783,768) 6,203
Ops Dues Earned 1,017,368 1,017,368
Curr Yr Bad Debts Activity (39,926) (39,926)
Net Ops Dues 977,442 61,555 977,442 61,555
Net Operations 1,715,370$ 36,710$ 781,304$ 59,552$ 740,392$ (28,504)$ 193,674$ 67,758$
Net UDR Activity for Operations
‐ ‐ ‐ ‐ 57,250 (57,250) (57,250) (57,250)
Net Operations with UDR 1,715,370$ 36,710$ 781,304$ 59,552$ 797,642 (85,754)$ 136,424$ 10,508$
* Excludes Depreciation
B / (W) = Better / (Worse) Than Spending Plan
Snow Response, SGM, and
Accounting Assistant
5/ 27
Sudden Valley Community Association
Operations Income Statement
July 1, 2017 to July 31, 2017
UNAUDITED
2017 July Actuals
2017 MTD
B / (W) Spending
Plan
2017 YTD
(7 Months) Actuals
2017 YTD
B / (W) Spending
Plan
REVENUE
Dues and Assessment Income‐ Ops 140,892$ 10,050$ 977,442$ 61,555$ Golf Income 117,081 (6,719) 489,938 (61,232) Marina Income 3,021 2,861 112,834 (3,593) Rental Income ‐ Area Z 2,418 961 12,266 2,065 Rental Income ‐ Other 3,563 145 25,716 1,599 Other AR Income 8,693 4,659 46,438 18,196 Other Income 6,487 (4,618) 50,640 18,444 Investment Income 17 (43) 96 (324)
Total Revenue 282,172$ 7,296$ 1,715,370$ 36,710$
EXPENSES
Salaries & BenefitsACC / Security 8,137$ 4,342$ 59,463$ 3,974$ Accounting 16,070 8,210 116,045 8,003 Administration 22,782 11,523 165,275 7,912 Facilities 3,665 2,811 26,669 5,988 Maintenance 13,151 (1,679) 107,667 (3,068)
Golf 55,615 18,115 292,873 30,272
Marina 2,161 5,497 13,312 6,471 Total Salaries & Benefits 121,581$ 48,819$ 781,304$ 59,552$
Other ExpensesAdministrative General Administrative 72$ (72)$ 1,490$ (690)$ Bank Charges & Fees 1,775 270 9,361 1,469 Dues & Subscriptions 2,002 (1,053) 16,428 (1,080) Office Supplies 1,079 238 10,082 (865) GM Discretionary Funds 586 (253) 616 1,717 Advertising Costs 1,339 (839) 4,036 7,164 Cash Over/Short (447) 447 (315) 315 Currency Gain/Loss (159) 159 (63) 63 Events Charges 100 483 1,375 2,708 Printing & Copying 727 1,142 8,864 1,359 Training & Conferences (249) 557 9,207 (5,149) Payroll Service Fees 728 (269) 5,222 (2,010) Cashiering Clearing Account 12 (12) 70 (70)
Total Administrative 7,565$ 798$ 66,373$ 4,931$
Regulatory ComplianceHazardous Tree Removal/ Pruning 3,696$ (3,352)$ 17,341$ (8,482)$ Permits & Licenses 196 265 2,128 971 Audit & Tax Services 3,800 (1,563) 19,680 (4,023) Regulatory Compliance 211 571 1,579 3,073 Federal Income Tax ‐ ‐ ‐ ‐ State B&O Tax 799 56 5,328 (725) Property/Real Estate Tax ‐ ‐ 16,465 (1,465)
Total Regulator Compliance 8,702$ (4,023)$ 62,521$ (10,651)$
CC&Rs/ MandatesAnnual General Meeting ‐$ 4,133$ ‐$ 4,133$ Special General Meeting 1,030 (1,030) 1,030 (1,030) Board Support 291 (124) 1,364 (197) Collection Charges ‐ ‐ ‐ ‐ Transfer Fees ‐ 33 500 (267) Lien Charges ‐ ‐ ‐ ‐ Web Site Maintenance 656 (558) 6,008 (5,491)
6/ 27
UNAUDITED
2017 July Actuals
2017 MTD
B / (W) Spending
Plan
2017 YTD
(7 Months) Actuals
2017 YTD
B / (W) Spending
PlanPostage 167 393 4,372 (434) Postage‐ Views 972 361 6,791 2,542 Newsletter Services 4,778 (611) 29,659 (492) Professional Security Services 16,196 (811) 106,070 1,156
Total CC&Rs/ Mandates 24,090$ 1,786$ 155,794$ (80)$
Insurance Premiums 8,547$ (74)$ 59,864$ (550)$
UtilitiesUtilities (3,099)$ 3,099$ 3,319$ (3,319)$Utilities‐ Natural Gas 341 75 8,214 (1,490) Utilities‐ Water & Sewer ‐ 2,750 14,339 4,914 Utilities‐ Electricity 4,415 958 27,380 (806) Utilities‐ Trash & Recycling Service 1,391 (484) 5,253 1,101 Utilities‐ Communications Service 2,175 (434) 16,459 (4,257)
Total Utilities 5,223$ 5,964$ 74,964$ (3,857)$
Maintenance & LandscapingLandscape R&M 4,779$ 2,037$ 47,387$ (18,521)$ Building R&M 1,410 5,164 26,267 6,425 Raw Materials 236 2,014 14,600 (1,950) Raw Materials: Sand & Gravel 2,657 (2,157) 9,073 8,441 Janitorial Supplies 1,139 (202) 4,105 2,452 Equipment R&M 6,223 (3,372) 36,333 (11,633)Small Tools & Equipment 707 203 6,216 (2,243) Vehicle R&M 419 520 9,451 (2,851) Vehicle Fuel 3,795 1,143 23,538 247Other Supplies 867 1,143 13,522 926Other R&M 252 823 5,795 1,630
Total Maintenance & Landscaping 22,484$ 7,316$ 196,287$ (17,077)$
Contracted & Professional ServicesEquipment Lease & Rental 254$ 1,905$ 5,006$ 3,109$ IT Support and Services 2,729 (294) 26,986 (5,559) Uniform and Laundry Service 317 174 4,531 (698) Pool Management 4,898 (3,576) 11,766 (6,476) Safety & Security Services 92 125 20,306 (9,929) Snow Removal Services (see UDR Activity) ‐ ‐ 16,000 ‐Storm Response Tree Removal ‐ ‐ ‐ 10,168 ACC Consultant 6,600 (4,308) 18,625 (2,583) Legal Services 5,332 (1,165) 22,398 6,769 Other Professional Services (1,030) 1,530 (704) 1,904
Total Contracted & Professional Services 19,192$ (5,609)$ 124,914$ (3,295)$
Other ExpensesVandalism ‐ 250 (325) 2,075
Total Other Expenses ‐$ 250$ (325)$ 2,075$
Total Other Expenses 95,803$ 6,408$ 740,392$ (28,504)$
Total Operations Expenses 217,384$ 55,227$ 1,521,696$ 31,048$
Net Operations Income (Loss) 64,788$ 62,523$ 193,674$ 67,758$
Net UDR Activity for OperationsSnow Response, SGM, andAccounting Assistant 3,318$ (3,318)$ 57,250$ (57,250)$
Net Operations Income (Loss) with UDR 61,470$ 59,205$ 136,424$ 10,508$
* Excludes Depreciation
7/ 27
Sudden Valley Community Association
Income Statement Report
Common CostsJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Dues and Assessment Income- Ops
4003 - BD Expense- 2017 Ops 9,754.65 (14,537.00)(4,782.35) (39,926.05) (101,765.00) 61,838.95 (174,455.00) (134,528.95)
4004 - Member Assessments 2017 294.87 145,379.00 145,673.87 1,017,367.98 1,017,652.00 (284.02) 1,744,546.00 727,178.02
140,891.52 130,842.00 10,049.52 977,441.93 915,887.00 61,554.93 Total Dues and Assessment Income- Ops 1,570,091.00 592,649.07
Other AR Income
4830 - Advertising Income 1,130.70 2,375.00 3,505.70 20,015.15 16,625.00 3,390.15 28,500.00 8,484.85
4831 - BD Expense- Views Ads 571.50 (50.00)521.50 217.00 (350.00) 567.00 (600.00) (817.00)
4842 - Member Donation Income Monthly 61.20 0.00 61.20 214.20 0.00 214.20 0.00 (214.20)
4,088.40 2,325.00 1,763.40 20,446.35 16,275.00 4,171.35 Total Other AR Income 27,900.00 7,453.65
Investment Income
4900 - Interest Earned - Operating Accounts (42.98)60.00 17.02 95.71 420.00 (324.29) 720.00 624.29
17.02 60.00 (42.98) 95.71 420.00 (324.29)Total Investment Income 720.00 624.29
144,996.94 133,227.00 11,769.94 997,983.99 932,582.00 65,401.99 Total Common Costs Income 1,598,711.00 600,727.01
Expense
Administrative
4999 - Cashiering Clearing Account 12.00 0.00 12.00 0.00 0.00 0.00 0.00 0.00
5015 - Bank Charges & Fees (17.00)17.00 0.00 (0.03) 117.00 (117.03) 200.00 200.03
5120 - Cash Over/Short 0.00 0.00 0.00 1.00 0.00 1.00 0.00 (1.00)
5121 - Currency Gain/Loss (158.78)0.00 (158.78) (62.86) 0.00 (62.86) 0.00 62.86
(146.78) 17.00 (163.78) (61.89) 117.00 (178.89)Total Administrative 200.00 261.89
Regulatory Compliance
6300 - Permits & Licenses 11.00 0.00 11.00 11.00 0.00 11.00 0.00 (11.00)
7110 - Regulatory Compliance (417.00)417.00 0.00 0.00 2,917.00 (2,917.00) 5,000.00 5,000.00
9005 - State B&O Tax 4.97 12.00 16.97 97.52 81.00 16.52 138.00 40.48
9015 - Property/Real Estate Tax 0.00 0.00 0.00 16,465.14 15,000.00 1,465.14 30,000.00 13,534.86
27.97 429.00 (401.03) 16,573.66 17,998.00 (1,424.34)Total Regulatory Compliance 35,138.00 18,564.34
8/ 27
Sudden Valley Community Association
Income Statement Report
Common CostsJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
CC&Rs/ Mandates
5216 - Postage- Views (361.46)1,333.00 971.54 6,791.35 9,333.00 (2,541.65) 16,000.00 9,208.65
5225 - Newsletter Services 610.75 4,167.00 4,777.75 29,658.50 29,167.00 491.50 50,000.00 20,341.50
5,749.29 5,500.00 249.29 36,449.85 38,500.00 (2,050.15)Total CC&Rs/ Mandates 66,000.00 29,550.15
Insurance
5400 - Insurance Premiums 73.91 8,140.00 8,213.91 57,533.67 56,984.00 549.67 97,687.00 40,153.33
8,213.91 8,140.00 73.91 57,533.67 56,984.00 549.67 Total Insurance 97,687.00 40,153.33
Contracted & Professional Services
7020 - Legal Services 1,165.00 4,167.00 5,332.00 22,398.18 29,167.00 (6,768.82) 50,000.00 27,601.82
5,332.00 4,167.00 1,165.00 22,398.18 29,167.00 (6,768.82)Total Contracted & Professional Services 50,000.00 27,601.82
19,176.39 18,253.00 923.39 132,893.47 142,766.00 (9,872.53)Total Common Costs Expense 249,025.00 116,131.53
125,820.55 114,974.00 10,846.55 865,090.52 789,816.00 75,274.52 Total Common Costs Income / (Loss) 1,349,686.00 484,595.48
9/ 27
Sudden Valley Community Association
Income Statement Report
ACC / SecurityJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Other AR Income
4805 - Compliance Fees & Fines - ACC 0.00 0.00 0.00 (1,085.00) 0.00 (1,085.00) 0.00 1,085.00
4810 - Compliance Fines - SEC (380.00)0.00 (380.00) (380.00) 0.00 (380.00) 0.00 380.00
4811 - BD Expense- Sec Fines 380.00 0.00 380.00 380.00 0.00 380.00 0.00 (380.00)
0.00 0.00 0.00 (1,085.00) 0.00 (1,085.00)Total Other AR Income 0.00 1,085.00
Other Income
4295 - Security House Checks 0.00 0.00 0.00 555.00 0.00 555.00 0.00 (555.00)
4350 - New Home Construction Fee (5,750.00)9,800.00 4,050.00 39,050.00 24,500.00 14,550.00 35,000.00 (4,050.00)
4,050.00 9,800.00 (5,750.00) 39,605.00 24,500.00 15,105.00 Total Other Income 35,000.00 (4,605.00)
4,050.00 9,800.00 (5,750.00) 38,520.00 24,500.00 14,020.00 Total ACC / Security Income 35,000.00 (3,520.00)
Expense
Regulatory Compliance
6165 - Hazardous Tree Removal/ Pruning 3,351.80 344.00 3,695.80 17,341.32 8,159.00 9,182.32 20,000.00 2,658.68
6300 - Permits & Licenses 0.00 0.00 0.00 127.50 150.00 (22.50) 200.00 72.50
9005 - State B&O Tax (22.85)17.00 (5.85) 2.47 124.00 (121.53) 213.00 210.53
3,689.95 361.00 3,328.95 17,471.29 8,433.00 9,038.29 Total Regulatory Compliance 20,413.00 2,941.71
CC&Rs/ Mandates
5215 - Postage 20.01 0.00 20.01 91.31 0.00 91.31 0.00 (91.31)
7097 - Professional Security Services 811.27 15,385.00 16,196.27 106,070.43 107,226.00 (1,155.57) 182,300.00 76,229.57
16,216.28 15,385.00 831.28 106,161.74 107,226.00 (1,064.26)Total CC&Rs/ Mandates 182,300.00 76,138.26
Payroll & Benefits
5300 - Salaries (3,531.06)10,649.00 7,117.94 52,101.30 53,244.00 (1,142.70) 92,290.00 40,188.70
5335 - Payroll Taxes- Employer (660.82)1,312.00 651.18 4,840.16 6,562.00 (1,721.84) 11,374.00 6,533.84
5385 - Payroll Benefits - Medical (149.85)518.00 368.15 2,521.21 3,631.00 (1,109.79) 6,225.00 3,703.79
8,137.27 12,479.00 (4,341.73) 59,462.67 63,437.00 (3,974.33)Total Payroll & Benefits 109,889.00 50,426.33
10/ 27
Sudden Valley Community Association
Income Statement Report
ACC / SecurityJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
Utilities
6050 - Utilities- Communications Service (95.94)60.00 (35.94) 1,149.98 420.00 729.98 720.00 (429.98)
(35.94) 60.00 (95.94) 1,149.98 420.00 729.98 Total Utilities 720.00 (429.98)
Maintenance & Landscaping
6675 - Equipment R&M 0.00 0.00 0.00 423.15 0.00 423.15 0.00 (423.15)
6775 - Vehicle R&M (56.00)56.00 0.00 118.72 1,217.00 (1,098.28) 1,500.00 1,381.28
6785 - Vehicle Fuel (23.26)467.00 443.74 2,681.14 3,267.00 (585.86) 5,600.00 2,918.86
6795 - Other Supplies (202.00)202.00 0.00 0.00 490.00 (490.00) 1,500.00 1,500.00
6796 - Other R&M (583.00)583.00 0.00 14.93 4,083.00 (4,068.07) 7,000.00 6,985.07
443.74 1,308.00 (864.26) 3,237.94 9,057.00 (5,819.06)Total Maintenance & Landscaping 15,600.00 12,362.06
Contracted & Professional Services
6440 - Safety & Security Services 92.40 0.00 92.40 15,060.66 9,160.00 5,900.66 9,160.00 (5,900.66)
6450 - Storm Response Tree Removal 0.00 0.00 0.00 0.00 10,168.00 (10,168.00) 18,000.00 18,000.00
6460 - ACC Consultant 4,308.00 2,292.00 6,600.00 18,625.00 16,042.00 2,583.00 27,500.00 8,875.00
7095 - Other Professional Services 0.00 0.00 0.00 326.10 0.00 326.10 0.00 (326.10)
6,692.40 2,292.00 4,400.40 34,011.76 35,370.00 (1,358.24)Total Contracted & Professional Services 54,660.00 20,648.24
Other Expenses
9120 - Vandalism (250.00)250.00 0.00 (325.40) 1,750.00 (2,075.40) 3,000.00 3,325.40
0.00 250.00 (250.00) (325.40) 1,750.00 (2,075.40)Total Other Expenses 3,000.00 3,325.40
35,143.70 32,135.00 3,008.70 221,169.98 225,693.00 (4,523.02)Total ACC / Security Expense 386,582.00 165,412.02
(31,093.70) (22,335.00) (8,758.70) (182,649.98) (201,193.00) 18,543.02 Total ACC / Security Income / (Loss) (351,582.00) (168,932.02)
11/ 27
Sudden Valley Community Association
Income Statement Report
AccountingJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Other AR Income
4240 - Title & Recording Fees 2,708.00 1,667.00 4,375.00 25,250.00 11,667.00 13,583.00 20,000.00 (5,250.00)
4241 - BD Expense- Title Fees 0.00 0.00 0.00 (158.38) 0.00 (158.38) 0.00 158.38
4705 - NSF Service Fees 39.00 42.00 81.00 723.74 300.00 423.74 515.00 (208.74)
4706 - BD Expense- NSF Fees 48.72 0.00 48.72 66.90 0.00 66.90 0.00 (66.90)
4,504.72 1,709.00 2,795.72 25,882.26 11,967.00 13,915.26 Total Other AR Income 20,515.00 (5,367.26)
4,504.72 1,709.00 2,795.72 25,882.26 11,967.00 13,915.26 Total Accounting Income 20,515.00 (5,367.26)
Expense
Administrative
4999 - Cashiering Clearing Account 0.00 0.00 0.00 70.00 0.00 70.00 0.00 (70.00)
5000 - General Administrative 0.00 0.00 0.00 76.09 0.00 76.09 0.00 (76.09)
5015 - Bank Charges & Fees (191.00)257.00 66.00 378.27 1,797.00 (1,418.73) 3,080.00 2,701.73
5120 - Cash Over/Short (445.70)0.00 (445.70) (331.37) 0.00 (331.37) 0.00 331.37
5210 - Printing & Copying (384.85)588.17 203.32 4,386.32 4,117.19 269.13 7,058.00 2,671.68
5227 - Training & Conferences 4.00 0.00 4.00 4.00 0.00 4.00 0.00 (4.00)
5399 - Payroll Service Fees 269.46 459.00 728.46 5,222.37 3,212.00 2,010.37 5,506.00 283.63
556.08 1,304.17 (748.09) 9,805.68 9,126.19 679.49 Total Administrative 15,644.00 5,838.32
Regulatory Compliance
7000 - Audit & Tax Services 1,563.00 2,237.00 3,800.00 19,680.00 15,657.00 4,023.00 26,840.00 7,160.00
9005 - State B&O Tax 42.62 26.00 68.62 382.04 181.00 201.04 310.00 (72.04)
3,868.62 2,263.00 1,605.62 20,062.04 15,838.00 4,224.04 Total Regulatory Compliance 27,150.00 7,087.96
CC&Rs/ Mandates
5040 - Transfer Fees (33.00)33.00 0.00 500.00 233.00 267.00 400.00 (100.00)
5215 - Postage (261.95)400.00 138.05 3,460.84 2,803.00 657.84 6,480.00 3,019.16
138.05 433.00 (294.95) 3,960.84 3,036.00 924.84 Total CC&Rs/ Mandates 6,880.00 2,919.16
12/ 27
Sudden Valley Community Association
Income Statement Report
AccountingJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
Payroll & Benefits
5300 - Salaries (6,884.84)20,462.00 13,577.16 97,498.41 102,311.00 (4,812.59) 177,339.00 79,840.59
5335 - Payroll Taxes- Employer (1,328.15)2,502.00 1,173.85 8,521.61 12,509.00 (3,987.39) 21,682.00 13,160.39
5385 - Payroll Benefits - Medical 2.65 1,318.00 1,320.65 10,025.15 9,228.00 797.15 15,819.00 5,793.85
16,071.66 24,282.00 (8,210.34) 116,045.17 124,048.00 (8,002.83)Total Payroll & Benefits 214,840.00 98,794.83
Utilities
6050 - Utilities- Communications Service 0.00 60.00 60.00 420.00 420.00 0.00 720.00 300.00
60.00 60.00 0.00 420.00 420.00 0.00 Total Utilities 720.00 300.00
Contracted & Professional Services
5125 - IT Support and Services 0.00 750.00 750.00 5,549.00 5,549.00 0.00 9,299.00 3,750.00
7095 - Other Professional Services (1,029.93)0.00 (1,029.93) (1,029.93) 0.00 (1,029.93) 0.00 1,029.93
(279.93) 750.00 (1,029.93) 4,519.07 5,549.00 (1,029.93)Total Contracted & Professional Services 9,299.00 4,779.93
20,414.48 29,092.17 (8,677.69) 154,812.80 158,017.19 (3,204.39)Total Accounting Expense 274,533.00 119,720.20
(15,909.76) (27,383.17) 11,473.41 (128,930.54) (146,050.19) 17,119.65 Total Accounting Income / (Loss) (254,018.00) (125,087.46)
13/ 27
Sudden Valley Community Association
Income Statement Report
SVCA Operations- AdminJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Other AR Income
4705 - NSF Service Fees 0.00 0.00 0.00 15.00 0.00 15.00 0.00 (15.00)
4806 - BD Expense- ACC Fines 100.00 0.00 100.00 1,179.60 0.00 1,179.60 0.00 (1,179.60)
100.00 0.00 100.00 1,194.60 0.00 1,194.60 Total Other AR Income 0.00 (1,194.60)
Other Income
4220 - Gate & Access Fees (8.00)8.00 0.00 0.00 58.00 (58.00) 100.00 100.00
4235 - Trash Compactor Service 460.00 0.00 460.00 1,971.00 0.00 1,971.00 0.00 (1,971.00)
4245 - Photocopy Income 6.00 0.00 6.00 84.00 0.00 84.00 0.00 (84.00)
4255 - Maps and Signs 5.86 125.00 130.86 1,231.19 875.00 356.19 1,500.00 268.81
4840 - Non-Taxable Income 80.00 0.00 80.00 956.00 0.00 956.00 0.00 (956.00)
4870 - Member Donation Income 475.00 0.00 475.00 987.49 0.00 987.49 0.00 (987.49)
1,151.86 133.00 1,018.86 5,229.68 933.00 4,296.68 Total Other Income 1,600.00 (3,629.68)
1,251.86 133.00 1,118.86 6,424.28 933.00 5,491.28 Total SVCA Operations- Admin Income 1,600.00 (4,824.28)
Expense
Administrative
5000 - General Administrative 72.00 0.00 72.00 1,329.52 0.00 1,329.52 0.00 (1,329.52)
5015 - Bank Charges & Fees (55.47)271.00 215.53 2,357.16 1,896.00 461.16 3,250.00 892.84
5045 - Dues & Subscriptions (65.17)114.00 48.83 815.51 803.00 12.51 1,377.00 561.49
5090 - Office Supplies (350.91)1,292.00 941.09 9,350.27 9,042.00 308.27 15,500.00 6,149.73
5100 - GM Discretionary Funds 252.75 333.00 585.75 616.19 2,333.00 (1,716.81) 4,000.00 3,383.81
5107 - Advertising Costs 0.00 0.00 0.00 30.00 5,400.00 (5,370.00) 5,400.00 5,370.00
5120 - Cash Over/Short (1.00)0.00 (1.00) (27.81) 0.00 (27.81) 0.00 27.81
5205 - Events Charges (583.00)583.00 0.00 1,274.95 4,083.00 (2,808.05) 7,000.00 5,725.05
5210 - Printing & Copying (128.92)537.00 408.08 3,826.61 3,037.00 789.61 5,000.00 1,173.39
5227 - Training & Conferences (460.75)208.00 (252.75) 6,891.56 1,458.00 5,433.56 2,500.00 (4,391.56)
2,017.53 3,338.00 (1,320.47) 26,463.96 28,052.00 (1,588.04)Total Administrative 44,027.00 17,563.04
14/ 27
Sudden Valley Community Association
Income Statement Report
SVCA Operations- AdminJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
Regulatory Compliance
6300 - Permits & Licenses 0.00 0.00 0.00 0.00 40.00 (40.00) 100.00 100.00
9005 - State B&O Tax 14.27 3.00 17.27 93.28 18.00 75.28 30.00 (63.28)
17.27 3.00 14.27 93.28 58.00 35.28 Total Regulatory Compliance 130.00 36.72
CC&Rs/ Mandates
5003 - Annual General Meeting (4,133.00)4,133.00 0.00 0.00 4,133.00 (4,133.00) 12,400.00 12,400.00
5007 - Special General Meeting 1,029.93 0.00 1,029.93 1,029.93 0.00 1,029.93 0.00 (1,029.93)
5020 - Board Support 123.78 167.00 290.78 1,364.45 1,167.00 197.45 2,000.00 635.55
5115 - Web Site Maintenance 557.76 98.00 655.76 5,407.74 517.00 4,890.74 1,000.00 (4,407.74)
5215 - Postage (94.77)100.00 5.23 502.15 700.00 (197.85) 1,200.00 697.85
1,981.70 4,498.00 (2,516.30) 8,304.27 6,517.00 1,787.27 Total CC&Rs/ Mandates 16,600.00 8,295.73
Payroll & Benefits
5300 - Salaries (9,556.08)29,844.00 20,287.92 147,734.38 149,220.00 (1,485.62) 258,648.00 110,913.62
5335 - Payroll Taxes- Employer (1,925.85)3,631.00 1,705.15 13,048.70 18,157.00 (5,108.30) 31,472.00 18,423.30
5385 - Payroll Benefits - Medical (40.70)830.00 789.30 4,491.46 5,810.00 (1,318.54) 9,960.00 5,468.54
22,782.37 34,305.00 (11,522.63) 165,274.54 173,187.00 (7,912.46)Total Payroll & Benefits 300,080.00 134,805.46
Utilities
6035 - Utilities- Trash & Recycling Service 0.00 0.00 0.00 45.00 0.00 45.00 0.00 (45.00)
6050 - Utilities- Communications Service 0.00 120.00 120.00 840.00 840.00 0.00 1,440.00 600.00
120.00 120.00 0.00 885.00 840.00 45.00 Total Utilities 1,440.00 555.00
Maintenance & Landscaping
6675 - Equipment R&M 1,570.00 0.00 1,570.00 1,629.56 0.00 1,629.56 0.00 (1,629.56)
6765 - Small Tools & Equipment 0.00 0.00 0.00 742.40 0.00 742.40 0.00 (742.40)
6775 - Vehicle R&M (25.00)25.00 0.00 0.00 175.00 (175.00) 300.00 300.00
6785 - Vehicle Fuel (50.00)50.00 0.00 27.95 150.00 (122.05) 300.00 272.05
1,570.00 75.00 1,495.00 2,399.91 325.00 2,074.91 Total Maintenance & Landscaping 600.00 (1,799.91)
15/ 27
Sudden Valley Community Association
Income Statement Report
SVCA Operations- AdminJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
Contracted & Professional Services
5085 - Equipment Lease & Rental (322.26)576.00 253.74 2,373.61 3,632.00 (1,258.39) 5,220.00 2,846.39
5125 - IT Support and Services 293.95 1,685.00 1,978.95 21,437.37 15,878.00 5,559.37 24,100.00 2,662.63
2,232.69 2,261.00 (28.31) 23,810.98 19,510.00 4,300.98 Total Contracted & Professional Services 29,320.00 5,509.02
30,721.56 44,600.00 (13,878.44) 227,231.94 228,489.00 (1,257.06)Total SVCA Operations- Admin Expense 392,197.00 164,965.06
(29,469.70) (44,467.00) 14,997.30 (220,807.66) (227,556.00) 6,748.34 Total SVCA Operations- Admin Income / (Loss) (390,597.00) (169,789.34)
16/ 27
Sudden Valley Community Association
Income Statement Report
FacilitiesJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Rental Income
4410 - Area Z Storage Rental Income 3,168.00 1,582.00 4,750.00 13,953.00 11,076.00 2,877.00 18,988.00 5,035.00
4412 - BD Expense- Area Z (2,207.00)(125.00)(2,332.00) (1,686.89) (875.00) (811.89) (1,500.00) 186.89
2,418.00 1,457.00 961.00 12,266.11 10,201.00 2,065.11 Total Rental Income 17,488.00 5,221.89
Rental Income - Other
4400 - Facility Rentals 60.00 0.00 60.00 1,325.00 0.00 1,325.00 0.00 (1,325.00)
4430 - Lease Income - Restaurant 0.00 2,186.00 2,186.00 15,302.00 15,302.00 0.00 26,232.00 10,930.00
4435 - Lease Income - Barn 8 101.00 650.00 751.00 5,257.00 4,550.00 707.00 7,800.00 2,543.00
4439 - Lease Income- Library 0.00 281.00 281.00 1,967.00 1,967.00 0.00 3,372.00 1,405.00
3,278.00 3,117.00 161.00 23,851.00 21,819.00 2,032.00 Total Rental Income - Other 37,404.00 13,553.00
5,696.00 4,574.00 1,122.00 36,117.11 32,020.00 4,097.11 Total Facilities Income 54,892.00 18,774.89
Expense
Regulatory Compliance
6300 - Permits & Licenses 0.00 0.00 0.00 382.90 0.00 382.90 0.00 (382.90)
7110 - Regulatory Compliance (141.58)215.00 73.42 513.94 685.00 (171.06) 940.00 426.06
9005 - State B&O Tax 54.15 71.00 125.15 574.50 495.00 79.50 848.00 273.50
198.57 286.00 (87.43) 1,471.34 1,180.00 291.34 Total Regulatory Compliance 1,788.00 316.66
Payroll & Benefits
5300 - Salaries (2,265.16)5,454.00 3,188.84 22,749.34 27,273.00 (4,523.66) 47,274.00 24,524.66
5335 - Payroll Taxes- Employer (503.45)884.00 380.55 3,097.33 4,418.00 (1,320.67) 7,658.00 4,560.67
5385 - Payroll Benefits - Medical (42.08)138.00 95.92 822.39 966.00 (143.61) 1,656.00 833.61
3,665.31 6,476.00 (2,810.69) 26,669.06 32,657.00 (5,987.94)Total Payroll & Benefits 56,588.00 29,918.94
Utilities
6000 - Utilities (2,432.35)0.00 (2,432.35) 1,855.73 0.00 1,855.73 0.00 (1,855.73)
6005 - Utilities- Natural Gas (36.89)214.00 177.11 6,264.37 3,959.00 2,305.37 5,719.00 (545.37)
6023 - Utilities- Water & Sewer (1,454.00)1,454.00 0.00 8,670.41 10,184.00 (1,513.59) 17,459.00 8,788.59
17/ 27
Sudden Valley Community Association
Income Statement Report
FacilitiesJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
Utilities
6033 - Utilities- Electricity (458.78)1,947.00 1,488.22 13,980.38 13,630.00 350.38 23,366.00 9,385.62
6035 - Utilities- Trash & Recycling Service 271.46 907.00 1,178.46 3,721.32 6,354.00 (2,632.68) 10,893.00 7,171.68
6050 - Utilities- Communications Service 226.32 1,048.00 1,274.32 8,704.91 7,341.00 1,363.91 12,585.00 3,880.09
1,685.76 5,570.00 (3,884.24) 43,197.12 41,468.00 1,729.12 Total Utilities 70,022.00 26,824.88
Maintenance & Landscaping
6110 - Landscape R&M 1,272.61 0.00 1,272.61 1,272.61 0.00 1,272.61 0.00 (1,272.61)
6515 - Building R&M (5,050.77)6,428.00 1,377.23 24,397.50 31,671.00 (7,273.50) 55,976.00 31,578.50
6635 - Janitorial Supplies 222.19 917.00 1,139.19 3,972.58 6,417.00 (2,444.42) 11,000.00 7,027.42
6775 - Vehicle R&M (75.00)75.00 0.00 0.00 525.00 (525.00) 900.00 900.00
6785 - Vehicle Fuel (97.00)97.00 0.00 0.00 685.00 (685.00) 1,175.00 1,175.00
3,789.03 7,517.00 (3,727.97) 29,642.69 39,298.00 (9,655.31)Total Maintenance & Landscaping 69,051.00 39,408.31
Contracted & Professional Services
6440 - Safety & Security Services 0.00 0.00 0.00 64.02 0.00 64.02 0.00 (64.02)
0.00 0.00 0.00 64.02 0.00 64.02 Total Contracted & Professional Services 0.00 (64.02)
9,338.67 19,849.00 (10,510.33) 101,044.23 114,603.00 (13,558.77)Total Facilities Expense 197,449.00 96,404.77
(3,642.67) (15,275.00) 11,632.33 (64,927.12) (82,583.00) 17,655.88 Total Facilities Income / (Loss) (142,557.00) (77,629.88)
18/ 27
Sudden Valley Community Association
Income Statement Report
MaintenanceJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Other Income
4235 - Trash Compactor Service (192.00)192.00 0.00 423.88 1,346.00 (922.12) 2,307.00 1,883.12
0.00 192.00 (192.00) 423.88 1,346.00 (922.12)Total Other Income 2,307.00 1,883.12
0.00 192.00 (192.00) 423.88 1,346.00 (922.12)Total Maintenance Income 2,307.00 1,883.12
Expense
Administrative
5210 - Printing & Copying (13.00)13.00 0.00 0.00 88.00 (88.00) 150.00 150.00
0.00 13.00 (13.00) 0.00 88.00 (88.00)Total Administrative 150.00 150.00
Regulatory Compliance
6300 - Permits & Licenses (236.00)421.00 185.00 1,207.75 2,028.00 (820.25) 2,225.00 1,017.25
185.00 421.00 (236.00) 1,207.75 2,028.00 (820.25)Total Regulatory Compliance 2,225.00 1,017.25
Payroll & Benefits
5300 - Salaries 1,509.36 9,331.00 10,840.36 86,083.88 82,491.00 3,592.88 151,798.00 65,714.12
5335 - Payroll Taxes- Employer (144.73)1,490.00 1,345.27 10,801.03 13,342.00 (2,540.97) 24,528.00 13,726.97
5385 - Payroll Benefits - Medical 314.49 651.00 965.49 10,782.18 8,766.00 2,016.18 15,617.00 4,834.82
13,151.12 11,472.00 1,679.12 107,667.09 104,599.00 3,068.09 Total Payroll & Benefits 191,943.00 84,275.91
Utilities
6005 - Utilities- Natural Gas (14.00)14.00 0.00 0.00 97.00 (97.00) 166.00 166.00
6050 - Utilities- Communications Service (9.89)60.00 50.11 364.74 420.00 (55.26) 720.00 355.26
50.11 74.00 (23.89) 364.74 517.00 (152.26)Total Utilities 886.00 521.26
Maintenance & Landscaping
6610 - Raw Materials (250.00)250.00 0.00 0.00 550.00 (550.00) 550.00 550.00
6621 - Raw Materials: Sand & Gravel (500.00)500.00 0.00 0.00 1,000.00 (1,000.00) 1,000.00 1,000.00
6635 - Janitorial Supplies 0.00 0.00 0.00 125.92 0.00 125.92 0.00 (125.92)
6675 - Equipment R&M 478.93 250.00 728.93 7,320.96 1,750.00 5,570.96 3,000.00 (4,320.96)
6765 - Small Tools & Equipment (433.91)510.00 76.09 2,089.57 1,723.00 366.57 3,000.00 910.43
19/ 27
Sudden Valley Community Association
Income Statement Report
MaintenanceJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
Maintenance & Landscaping
6775 - Vehicle R&M (264.16)583.00 318.84 8,483.52 4,083.00 4,400.52 7,000.00 (1,483.52)
6785 - Vehicle Fuel 71.31 1,000.00 1,071.31 9,523.00 4,640.00 4,883.00 8,590.00 (933.00)
6795 - Other Supplies (193.25)208.00 14.75 2,019.79 1,458.00 561.79 2,500.00 480.21
6796 - Other R&M 2.30 250.00 252.30 2,407.37 1,750.00 657.37 3,000.00 592.63
2,462.22 3,551.00 (1,088.78) 31,970.13 16,954.00 15,016.13 Total Maintenance & Landscaping 28,640.00 (3,330.13)
Contracted & Professional Services
5085 - Equipment Lease & Rental (83.00)83.00 0.00 0.00 583.00 (583.00) 1,000.00 1,000.00
6408 - Uniform and Laundry Service (89.36)171.00 81.64 582.48 1,198.00 (615.52) 2,053.00 1,470.52
6440 - Safety & Security Services (117.00)117.00 0.00 3,714.97 817.00 2,897.97 1,400.00 (2,314.97)
6442 - Snow Removal Services 0.00 0.00 0.00 16,000.00 16,000.00 0.00 16,000.00 0.00
81.64 371.00 (289.36) 20,297.45 18,598.00 1,699.45 Total Contracted & Professional Services 20,453.00 155.55
15,930.09 15,902.00 28.09 161,507.16 142,784.00 18,723.16 Total Maintenance Expense 244,297.00 82,789.84
(15,930.09) (15,710.00) (220.09) (161,083.28) (141,438.00) (19,645.28)Total Maintenance Income / (Loss) (241,990.00) (80,906.72)
20/ 27
Actual Budget Variance Actual Budget Variance Annual Budget Budget Remaining
IncomeGolf Income4150 - Golf Course Annual Greens Fees 9,447$ 4,500$ 4,947$ 216,351$ 207,500$ 8,851$ 215,500$ (851)$ 4151 - BD Expense- Golf (2,014) - (2,014) (2,616) - (2,616) - 2,616 4154 - Golf Course Daily Greens Fees 81,036 89,000 (7,964) 188,014 243,000 (54,986) 401,800 213,786 4170 - Driving Range Fees 4,003 4,800 (797) 10,405 15,800 (5,395) 23,000 12,595 4174 - Golf Cart Rental 23,790 25,000 (1,210) 64,663 70,300 (5,637) 113,000 48,337 4176 - Golf Club Storage 10 300 (290) 1,130 1,420 (290) 1,520 390 4178 - Trail Fees 810 200 610 11,991 13,150 (1,159) 13,250 1,259
Total Golf Income 117,081 123,800 (6,719) 489,938 551,170 (61,232) 768,070 278,132
ExpenseAdministrative5107 - Advertising Costs 1,339 500 839 4,006 5,800 (1,794) 7,000 2,994 5015 - Bank Charges & Fees 1,493 1,500 (7) 6,625 7,020 (395) 12,845 6,220 5120 - Cash Over/Short (0) - (0) 43 - 43 - (43) 5045 - Dues & Subscriptions 1,953 835 1,118 15,613 14,545 1,068 17,270 1,657 5000 - General Administrative - - - 85 800 (715) 1,600 1,515 5090 - Office Supplies 138 25 113 732 175 557 300 (432) 5210 - Printing & Copying 115 730 (615) 559 2,980 (2,421) 2,980 2,421 5227 - Training & Conferences - 100 (100) 2,312 2,600 (288) 3,600 1,288
Total Administrative 5,039 3,690 1,349 29,975 33,920 (3,945) 45,595 15,620
Regulatory Compliance6165 - Hazardous Tree Removal/ Pruning - - - - 700 (700) 1,300 1,300 6300 - Permits & Licenses - - - 399 600 (201) 800 401 9005 - State B&O Tax 561 574 (13) 2,320 2,642 (322) 3,624 1,304
TotalRegulatory Compliance 561 574 (13) 2,719 3,942 (1,223) 5,724 3,005
CC&Rs/ Mandates5215 - Postage 4 60 (56) 318 435 (117) 765 447 5115 - Web Site Maintenance - - - 600 - 600 - (600) CC&Rs/ Mandates Total 4 60 (56) 918 435 483 765 (153)
Payroll & Benefits5385 - Payroll Benefits - Medical 3,205 3,390 (185) 23,281 23,730 (449) 40,680 17,399 5335 - Payroll Taxes- Employer 5,224 8,766 (3,542) 26,427 36,917 (10,490) 62,294 35,867
Income Statement ReportSudden Valley Community Association
GolfJuly 1, 2017 to July 31, 2017
Current Period Year to Date (7 months)
21/ 27
Actual Budget Variance Actual Budget Variance Annual Budget Budget Remaining
Income Statement ReportSudden Valley Community Association
GolfJuly 1, 2017 to July 31, 2017
Current Period Year to Date (7 months)
5300 - Salaries 47,186 61,574 (14,388) 243,164 262,498 (19,334) 443,572 200,408 Total Payroll & Benefits 55,615 73,730 (18,115) 292,873 323,145 (30,272) 546,546 253,674
Insurance5400 - Insurance Premiums 333 333 (0) 2,330 2,330 (0) 3,995 1,665
Total Insurance 333 333 (0) 2,330 2,330 (0) 3,995 1,665
Utilities6050 - Utilities- Communications Service 552 250 302 3,901 1,756 2,145 3,011 (890) 6033 - Utilities- Electricity 2,870 3,341 (471) 12,182 12,352 (170) 19,686 7,504 6005 - Utilities- Natural Gas 164 150 14 1,950 2,396 (446) 3,577 1,627 6023 - Utilities- Water & Sewer - 1,015 (1,015) 5,016 7,102 (2,086) 12,174 7,158 6035 - Utilties- Trash & Recycling Service 212 - 212 1,487 - 1,487 - (1,487)
Total Utilities 3,799 4,756 (957) 24,535 23,606 929 38,448 13,912
Maintenance & Landscaping6515 - Building R&M - - - 213 - 213 - (213) 6675 - Equipment R&M 3,924 2,455 1,469 26,639 21,929 4,710 38,000 11,361 6635 - Janitorial Supplies - 20 (20) 7 140 (133) 240 233 6110 - Landscape R&M 2,198 3,422 (1,224) 38,635 16,882 21,753 30,000 (8,635) 6796 - Other R&M - 200 (200) 1,094 1,300 (206) 2,200 1,106 6795 - Other Supplies 615 1,600 (985) 11,040 12,500 (1,460) 17,800 6,760 6610 - Raw Materials 236 2,000 (1,764) 14,600 12,100 2,500 20,800 6,200 6621 - Raw Materials: Sand & Gravel 2,657 - 2,657 9,073 16,514 (7,441) 32,300 23,227 6765 - Small Tools & Equipment - 400 (400) 1,906 2,250 (344) 2,750 844 6785 - Vehicle Fuel 2,280 2,908 (628) 9,774 13,376 (3,602) 20,000 10,226 6775 - Vehicle R&M 100 200 (100) 561 600 (39) 1,000 439
Total Maintenance & Landscaping 12,011 13,205 (1,194) 113,542 97,591 15,951 165,090 51,548
Contracted & Professional Services5085 - Equipment Lease & Rental - 1,500 (1,500) 2,633 3,900 (1,267) 4,900 2,267 6440 - Safety & Security Services - 100 (100) 1,036 400 636 600 (436) 6408 - Uniform and Laundry Service 235 320 (85) 3,924 2,635 1,289 4,100 176 7095 - Other Professional Services - 500 (500) - 1,200 (1,200) 1,200 1,200
Total Contracted & Professional Services 235 2,420 (2,185) 7,593 8,135 (542) 10,800 3,207
Total Golf Expense 77,597 98,768 (21,171) 474,484 493,104 (18,620) 816,963 342,478
22/ 27
Actual Budget Variance Actual Budget Variance Annual Budget Budget Remaining
Income Statement ReportSudden Valley Community Association
GolfJuly 1, 2017 to July 31, 2017
Current Period Year to Date (7 months)
Total Golf Income / (Loss) 39,484$ 25,032$ 14,452$ 15,455$ 58,066$ (42,611)$ (48,893)$ (64,346)$
23/ 27
Sudden Valley Community Association
Income Statement Report
Marina/Parks/BeachesJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Marina Income
4415 - Marina Wet Slip Income 22,900.00 0.00 22,900.00 13,115.00 4,386.00 8,729.00 4,386.00 (8,729.00)
4420 - Marina Dry Slip Income (11,785.00)0.00 (11,785.00) 38,355.00 44,860.00 (6,505.00) 44,860.00 6,505.00
4425 - Marina Wet/Dry Combo Income (11,550.00)0.00 (11,550.00) 63,385.00 66,060.00 (2,675.00) 66,060.00 2,675.00
4426 - BD Expense- Marina 3,295.84 160.00 3,455.84 (2,021.25) 1,121.00 (3,142.25) 1,921.00 3,942.25
3,020.84 160.00 2,860.84 112,833.75 116,427.00 (3,593.25)Total Marina Income 117,227.00 4,393.25
Rental Income - Other
4400 - Facility Rentals 100.00 0.00 100.00 700.00 1,550.00 (850.00) 1,550.00 850.00
4411 - Picnic Shelter Rentals (116.00)301.00 185.00 1,165.00 748.00 417.00 1,195.00 30.00
285.00 301.00 (16.00) 1,865.00 2,298.00 (433.00)Total Rental Income - Other 2,745.00 880.00
Other Income
4220 - Gate & Access Fees (180.00)480.00 300.00 2,296.00 1,917.00 379.00 1,917.00 (379.00)
300.00 480.00 (180.00) 2,296.00 1,917.00 379.00 Total Other Income 1,917.00 (379.00)
3,605.84 941.00 2,664.84 116,994.75 120,642.00 (3,647.25)Total Marina/Parks/Beaches Income 121,889.00 4,894.25
Expense
Administrative
5210 - Printing & Copying 0.00 0.00 0.00 91.66 0.00 91.66 0.00 (91.66)
0.00 0.00 0.00 91.66 0.00 91.66 Total Administrative 0.00 (91.66)
Regulatory Compliance
7110 - Regulatory Compliance (12.10)150.00 137.90 1,064.59 1,050.00 14.59 1,800.00 735.41
9005 - State B&O Tax (151.23)152.00 0.77 1,810.09 1,062.00 748.09 1,820.00 9.91
138.67 302.00 (163.33) 2,874.68 2,112.00 762.68 Total Regulatory Compliance 3,620.00 745.32
Payroll & Benefits
5300 - Salaries (4,596.04)6,480.00 1,883.96 11,795.47 16,740.00 (4,944.53) 26,460.00 14,664.53
5335 - Payroll Taxes- Employer (914.31)1,178.00 263.69 1,697.27 3,043.00 (1,345.73) 4,809.00 3,111.73
24/ 27
Sudden Valley Community Association
Income Statement Report
Marina/Parks/BeachesJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Expense
Payroll & Benefits
5385 - Payroll Benefits - Medical 13.03 0.00 13.03 (181.20) 0.00 (181.20) 0.00 181.20
2,160.68 7,658.00 (5,497.32) 13,311.54 19,783.00 (6,471.46)Total Payroll & Benefits 31,269.00 17,957.46
Utilities
6023 - Utilities- Water & Sewer (173.00)173.00 0.00 653.03 1,213.00 (559.97) 2,080.00 1,426.97
6033 - Utilities- Electricity (28.27)85.00 56.73 1,217.12 592.00 625.12 1,014.00 (203.12)
6050 - Utilities- Communications Service 11.50 143.00 154.50 1,078.71 1,005.00 73.71 1,723.00 644.29
211.23 401.00 (189.77) 2,948.86 2,810.00 138.86 Total Utilities 4,817.00 1,868.14
Maintenance & Landscaping
6110 - Landscape R&M (2,085.99)3,394.00 1,308.01 7,479.03 11,984.00 (4,504.97) 18,774.00 11,294.97
6515 - Building R&M 32.39 0.00 32.39 1,577.49 0.00 1,577.49 0.00 (1,577.49)
6675 - Equipment R&M 0.00 0.00 0.00 320.54 0.00 320.54 0.00 (320.54)
6765 - Small Tools & Equipment 630.46 0.00 630.46 1,478.22 0.00 1,478.22 0.00 (1,478.22)
6775 - Vehicle R&M 0.00 0.00 0.00 288.23 0.00 288.23 0.00 (288.23)
6785 - Vehicle Fuel 62.06 416.66 478.72 2,010.23 1,666.64 343.59 2,500.00 489.77
6795 - Other Supplies 236.69 0.00 236.69 461.67 0.00 461.67 0.00 (461.67)
6796 - Other R&M (42.00)42.00 0.00 2,278.47 292.00 1,986.47 500.00 (1,778.47)
2,686.27 3,852.66 (1,166.39) 15,893.88 13,942.64 1,951.24 Total Maintenance & Landscaping 21,774.00 5,880.12
Contracted & Professional Services
6408 - Uniform and Laundry Service 0.00 0.00 0.00 24.38 0.00 24.38 0.00 (24.38)
6440 - Safety & Security Services 0.00 0.00 0.00 429.80 0.00 429.80 0.00 (429.80)
0.00 0.00 0.00 454.18 0.00 454.18 Total Contracted & Professional Services 0.00 (454.18)
5,196.85 12,213.66 (7,016.81) 35,574.80 38,647.64 (3,072.84)Total Marina/Parks/Beaches Expense 61,480.00 25,905.20
(1,591.01) (11,272.66) 9,681.65 81,419.95 81,994.36 (574.41)Total Marina/Parks/Beaches Income / (Loss) 60,409.00 (21,010.95)
25/ 27
Sudden Valley Community Association
Income Statement Report
Pool/Health ClubJuly 01, 2017 thru July 31, 2017
Variance Actual Budget Current Period
Actual Budget Year to Date (7 months)
Variance Budget Annual
Remaining Budget
Income
Other Income
4250 - Adult Center Pool Fees 485.00 500.00 985.00 3,085.00 3,500.00 (415.00) 6,000.00 2,915.00
985.00 500.00 485.00 3,085.00 3,500.00 (415.00)Total Other Income 6,000.00 2,915.00
985.00 500.00 485.00 3,085.00 3,500.00 (415.00)Total Pool/Health Club Income 6,000.00 2,915.00
Expense
Regulatory Compliance
6300 - Permits & Licenses (40.00)40.00 0.00 0.00 281.00 (281.00) 482.00 482.00
9005 - State B&O Tax 15.17 0.00 15.17 47.69 0.00 47.69 0.00 (47.69)
15.17 40.00 (24.83) 47.69 281.00 (233.31)Total Regulatory Compliance 482.00 434.31
Utilities
6000 - Utilities (666.28)0.00 (666.28) 1,462.78 0.00 1,462.78 0.00 (1,462.78)
6005 - Utilities- Natural Gas (38.00)38.00 0.00 0.00 272.00 (272.00) 467.00 467.00
6023 - Utilities- Water & Sewer (108.00)108.00 0.00 0.00 754.00 (754.00) 1,292.00 1,292.00
(666.28) 146.00 (812.28) 1,462.78 1,026.00 436.78 Total Utilities 1,759.00 296.22
Maintenance & Landscaping
6515 - Building R&M (146.00)146.00 0.00 78.39 1,021.00 (942.61) 1,750.00 1,671.61
6675 - Equipment R&M (146.00)146.00 0.00 0.00 1,021.00 (1,021.00) 1,750.00 1,750.00
0.00 292.00 (292.00) 78.39 2,042.00 (1,963.61)Total Maintenance & Landscaping 3,500.00 3,421.61
Contracted & Professional Services
6438 - Pool Management 3,575.66 1,322.00 4,897.66 11,766.36 5,290.00 6,476.36 7,934.00 (3,832.36)
4,897.66 1,322.00 3,575.66 11,766.36 5,290.00 6,476.36 Total Contracted & Professional Services 7,934.00 (3,832.36)
4,246.55 1,800.00 2,446.55 13,355.22 8,639.00 4,716.22 Total Pool/Health Club Expense 13,675.00 319.78
(3,261.55) (1,300.00) (1,961.55) (10,270.22) (5,139.00) (5,131.22)Total Pool/Health Club Income / (Loss) (7,675.00) 2,595.22
26/ 27
SUDDEN VALLEY COMMUNITY ASSOCIATION - LOTS & DUES ANALYSIS 2017
LLE &
CTBDues
Exempt
Total Non-
Billable Lots
Total All
Lots Vac Dev Total Vac Dev Total Vac Dev Vac Dev Vac Dev Vac Dev Vac Dev Vac Dev Total Vac Dev Total Vac Dev Total Perm WD10 Avail. Total
Jan 11 58 69 405 2,275 2,680 41 117 11 35 14 10 57 80 9 25 416 2,333 2,749 132 267 399 548 2,600 3,148 758 23 14 795 690 8 1,493 4,641Feb 10 68 78 410 2,205 2,615 29 152 26 59 1 14 62 73 8 29 420 2,273 2,693 126 327 453 546 2,600 3,146 760 23 14 797 690 8 1,495 4,641Mar 10 74 84 421 2,283 2,704 26 83 12 32 3 10 59 83 14 35 431 2,357 2,788 114 243 357 545 2,600 3,145 760 23 14 797 691 8 1,496 4,641Apr 24 102 126 415 2,246 2,661 29 105 9 23 2 10 55 70 10 44 439 2,348 2,787 105 252 357 544 2,600 3,144 762 21 14 797 692 8 1,497 4,641May 68 178 246 369 2,210 2,579 37 75 7 27 4 6 34 59 10 45 437 2,388 2,825 92 212 304 529 2,600 3,129 761 21 28 810 694 8 1,512 4,641Jun 60 175 235 410 2,227 2,637 23 73 9 19 0 6 29 57 9 43 470 2,402 2,872 70 198 268 540 2,600 3,140 758 15 23 796 697 8 1,501 4,641Jul 66 186 252 402 2,218 2,620 30 75 10 27 3 2 33 58 2 34 468 2,404 2,872 78 196 274 546 2,600 3,146 753 14 23 790 697 8 1,495 4,641Aug 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Sep 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Oct 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Nov 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Dec 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
LLE = Lot Line EraserCTB = Covenant to Bind
Total Billable Lots Restricted
SVCA Owned Lots
Actual Year Prepaid Actual CurrentActual 1 Mth
DueActual 2 Mth
DueActual 3 Mth
DueActual 4+ Mth Due Pmt Plans
Total Prepaid & Current Total Not Current
27/ 27