Sudden Valley Community Association July and 31, 2016suddenvalley.com/wp-content/uploads/2017-07-Financial-Statements.pdf · Marina Income 3,021 2,861 ‐ 112,834 (3,593) ‐ Legal

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

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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


Income Statement Summary

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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


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


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$


B / (W) = Better / (Worse) Than Spending Plan

Snow Response, SGM, and

Accounting Assistant

5/ 27


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$


7/ 27


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



Common CostsJuly 01, 2017 thru July 31, 2017




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



ACC / SecurityJuly 01, 2017 thru July 31, 2017




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


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



ACC / SecurityJuly 01, 2017 thru July 31, 2017




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


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



AccountingJuly 01, 2017 thru July 31, 2017




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


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



AccountingJuly 01, 2017 thru July 31, 2017




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


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


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



SVCA Operations- AdminJuly 01, 2017 thru July 31, 2017




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







Remaining Budget

Expense


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


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


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







Remaining Budget

Expense


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



FacilitiesJuly 01, 2017 thru July 31, 2017




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


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


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



FacilitiesJuly 01, 2017 thru July 31, 2017




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


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


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



MaintenanceJuly 01, 2017 thru July 31, 2017




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


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


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



MaintenanceJuly 01, 2017 thru July 31, 2017




Remaining Budget

Expense


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)


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





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

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Total Golf Income / (Loss) 39,484$ 25,032$ 14,452$ 15,455$ 58,066$ (42,611)$ (48,893)$ (64,346)$

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Marina/Parks/BeachesJuly 01, 2017 thru July 31, 2017




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)


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

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Marina/Parks/BeachesJuly 01, 2017 thru July 31, 2017




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


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


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


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)

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Pool/Health ClubJuly 01, 2017 thru July 31, 2017




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


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


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


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

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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

Documents

Sudden Valley Community Association July and 31, 2016suddenvalley.com/wp-content/uploads/2017-07-Financial-Statements.pdf · Marina Income 3,021 2,861 ‐ 112,834 (3,593) ‐ Legal