2018

2017

2016

2015

2014

West Hayden Island Moorage Owners Association

Profit & Loss vs. Actual 2014

Ordinary Income/Expense	Actual	Budget	$ Over Budget	% of Budget		2015Budget
Income
4100-Operating assessments	189879.12	189,880.00	-.88		100.0%	193,626.05
4200-Late Fees	10.05
4250-Penalties	-106.11
4400-Miscelaneous revenue	.00
Total Income	189,783.06	189880.00	-96.94		99.9%	193,626.05

Expense
6100-Operating
6110-Electricity	5,435.90	4,600.00	835.90	118.2%		6,375.00
6120-Garbage	4,833.00	5,000.00	-167.00	96.7%		4,836.00
6130-Telephone	652.48	700	-47.52	93.2%		660.00
6140-Water	71,295.42	54,000.00	17,295.42	132.0%		60,000.00
Total Operating Expense	92,216.80	64,300.00	17,916.80		127.9%	71,871.00

6200-Repairs & Maint.
6210-Landscaping	21,200.03	20,000.00	1200.03	106.0%		22,500.00
6215-Beautification Committee	468.83	1000	-530.17	47.0%		600.00
6220-Gate Maintenance	490.00	1,250.00	-760.00	39.2%		1,000.00
6230-Pipes Maintenance	844.65	650.00	194.65	129.9%		2000.00
6240-General Maintenance	5,107.76	4,000,00	1,107.76	127.7%		5,000.00
6241-Work Party	250.00	250.00	0.00	100.0%		250.00
6245-Security						1,200.00
6247-Fire extinguisher Maint.	178.50
6248-Fence Repair
6245-Security other	1,359.00	900.00	459.00	151.0%
Total Security	1,537.50	900.00	637.50	170.8%		1,200.00
Total Repairs & Maint.	29,899.77	28,050.00	1,849.77		106.6%	32,550.00

6300- Administrative
6310-Fees and Licenses	50.00	50.00	0.00	100.0%		50.00
6315-Income Tax	0.00	700.00	-700.00	0.00%		0.00
6320-Submerged Land Lease	8,927.72	8,900.00	-2.28	100.0%		9,195.00
6325-Bank fees	1,445.15	1,450.00	-4.85	99.7%		1,422.0
6330-Real Property Taxes *	43,531.49	44,000.00	-468.51	105.3%		44,400.00
6340-Hayden Island Business Park	1,162.50	1,600.00	-437.50	72.7%		1,588.00
6350-Insurance	29,852.00	39,500.00	-9,648.00	75.6%		31,500.00
6360-Supplies and Postage	1,298.70	250.00	1,048.70	-519.5%		250.00
6370-Legal Services	0.00	750.00	-750.00	0.0%		500.00
6380-Accounting Services	300.00	300.00	0.00	100.00%		300.00
Total Administration	86,567.56	97530.00	-10,962.44		104.6%	89.205.05
Total Expenses	198,684.13	189,880.00	8,804.13		109.3%	193.626.05

NET ORDINARY INCOME	-8,901.07	0.00	-8,901.07		100.0%

Other Income and Expenses
Other Income
5100-Reserve assessments	15,079.68	15,080.00	-.32		100.0%	30,413.95
5300-Reserve bank interest	660.92	1,500.00	-839.08		44.1%	675.00
Total Other Income	15,740.60	16,580.00	-839.40		94.9%	31,088.95

Other expenses
7000-Reserve expenses	21,209.88
Total Other Expenses	21,209.88
NET OTHER INCOME	-5,469.28	16,580.00	-22,049.28		-33.0%	31,088.95
TOTAL NET INCOME	-14,370.35	16,580.00	-30,950.35		-88.7	31,088.95

* Property Taxes per slip is 763.71

December 31, 2014 Balance Sheet

				Dec 31, 2014
ASSETS
	Current Assets
		Checking/Savings
			1145 · US Bank	10.13
			1150 · Schwab	408,605.62
		Total Checking/Savings		408,615.75
		Total Current Assets		408,615.75

	Fixed Assets
		2000 · Land and Bldgs		3,417,850.00
	Total Fixed Assets			3,417,850.00
TOTAL ASSETS				3,840,835.80
LIABILITIES & EQUITY
	Liabilities			0.00
	Equity
		3200 · Reserves fund balance		299,739.58
		3400 · Contribution to capital		3,447,622.21
		3500 · Retained Earnings		93,474.31
		Net Income		-14,370.35
	Total Equity			3,826,465.75
TOTAL LIABILITIES & EQUITY				3,826,465.75

2013

West Hayden Island Moorage Owners Association

Profit & Loss vs. Actual 2013

Ordinary Income/Expense	Actual	Budget	$ Over Budget	% of Budget		2014 Budget
Income
4100-Operating assessments	187,955.34	171,900	16,055.34		109.3%
4250-Penalties	600.00
4400-Miscelaneous revenue	157.22
Total Income	188,712.56	171,900.00	16,812.56		109.3%	189,880.00

Expense
6100-Operating
6110-Electricity	4,542.47	4,500.00	42.47	100.9%		4,600.00
6120-Garbage	6,323.79	6,800.00	-476.21	93.0%		5,000.00
6130-Telephone	662.92	600.00	62.92	110.5%		700.00
6140-Water	52,769.38	42,000.00	10,769.38	125.6%		54,000.00
Total Operating Expense	64,298.56	53,900.00	10,398.65		119.3%	64,300.00

6200-Repairs & Maint.
6210-Landscaping	20,421.50	20,000.00	421.50	102.1%		20,000.00
6215-Beautification Committee	519.35	1500.00	-980.65	34.8%		1,000.00
6220-Gate Maintenance	654.00	1,250.00	-596.00	52.3%		1,250.00
6230-Pipes Maintenance	866.77	500.00	366.77	173.4%		650.00
6240-General Maintenance	5,729.49	3,500.00	2,229.49	163.7%		4,000.00
6241-Work Party	220.36	600.00	-379.64	36.7%		250.00
6245-Security
6247-Fire extinguisher Maint.	216.00
6248-Fence Repair	364.00
6245-Security other	789.70	800.00	10.30	98.7%
Total Security	1,369.70	800.00	569.70	171.2%		900.00
Total Repairs & Maint.	29,781.17	28,150.00	1,631.17		105.8%	28,050.00

6300- Administrative
6310-Fees and Licenses	50.00	50.00	0.00	100.0%		50.00
6315-Income Tax	684.00	700.00	-16.00	97.7%		700.00
6320-Submerged Land Lease	8,667.69	8,650.00	17.69	100.2%		8,930.00
6325-Bank fees	1,524.75	1,450.00	74.75	105.2%		1,450.00
6330-Real Property Taxes *	42,767.90	40,600.00	2,167.90	105.3%		44,000.00
6340-Hayden Island Business Park	378.80	2,100.00	-1,721.20	18.0%		1,600.00
6350-Insurance	39,326.00	35,000.00	4,326.00	112.4%		39,500.00
6360-Supplies and Postage	176.47	250.00	-73.53	70.6%		250.00
6370-Legal Services	0.00	750.00	-750.00	0.0%		750.00
6380-Accounting Services	300.00	300.00	0.00	100.00%		300.00
Total Administration	93,875.61	89,850.00	4,025.61		104.5%	97,530.00
Total Expenses	187,955.34	171,900.00	16,055.34		109.3%	189,880.00

NET ORDINARY INCOME	757.22	0.00	757.22		100.0%

Other Income and Expenses
Other Income
5100-Reserve assessments	17,004.36	33,060.00	-16,055.64		51.4%	15000.00
5300-Reserve bank interest	1,326.22	4,000.00	-2,673.78		33.2%	1500.00
Total Other Income	18,330.58	37,060.00	-18,729.42		49.5%	16500.00

Other expenses
7000-Reserve expenses	11,348.75
Total Other Expenses	11,348.75
NET OTHER INCOME	6,981.83	37,060.00	-30,078.17		18.8%
TOTAL NET INCOME	7,739.05	37,060.00	-30,078.17

* Property Taxes per slip is 763.71

December 31, 2013 Balance Sheet

				Dec 31, 2013
ASSETS
	Current Assets
		Checking/Savings
			1145 · US Bank	1.07
			1150 · Schwab	422,472.81
		Total Checking/Savings		422,473.88

		Accounts Receivable
			1200 – Assessments Receivable	511.92
		Total Accounts Receivable		511.92
				422,985.80
	Fixed Assets
		2000 · Land and Bldgs		3,417,850.00
	Total Fixed Assets			3,417,850.00
TOTAL ASSETS				3,840,835.80
LIABILITIES & EQUITY
	Liabilities			0.00
	Equity
		3200 · Reserves fund balance		299,739.58
		3400 · Contribution to capital		3,447,622.21
		3500 · Retained Earnings		85,734.96
		Net Income		7,739.05
	Total Equity			3,840,835.80
TOTAL LIABILITIES & EQUITY				3,840,835.80

2012

West Hayden Island Moorage Owners Association

Profit & Loss vs. Actual 2012

	Actual	Budget	$ Over Budget	% of Budget
Ordinary Income/Expense
Income
4100-Operating assessments	172,979.52	172,775.00	-3.80	100.0%
4400-Miscelaneous revenue	205.00
Total Income	172976.20	172775.00	201.20	100.1%

Expense
6100-Operating
6110-Electricity	4298.01	4500.00	-201.20	95.2%
6120-Garbage	6708.90	6500.00	208.90	103.2%
6130-Telephone	628.12	600.00	28.12	104.7%
6140-Water	40577.65	45000.00	-4422.35	90.2%
Total Operating Expense	52212.68	56800.00	-4422.35	92.2%

6200-Repairs & Maint.
6210-Landscaping	19802.00	20000.00	-198.00	99.0%
6215-Beautification Committee	1250.58	1500.00	-249.42	83.4%
6220-Gate Maintenance	1979.00	1000.00	979.00	197.9%
6230-Pipes Maintenance	195.00	700.00	-505.00	27.9%
6240-General Maintenance	3353.39	4000.00	-646.61	83.8%
6241-Work Party	203.42	600.00	-396.58	33.9%
6245-Security
6247-Fire extinguisher Maintenance	337.50
6245-Security other	150.00	750.00	-600.00
Total Security	487.50	750.00	-262.50	65.0%
Total Repairs & Maint.	27270.89	28550.00	-1279.11	95.5%

6300- Administrative
6310-Fees and Licenses	50.00	100.00	-50.00	50.0%
6315-Income Tax	699.00	1750.00	-1051.00	39.9%
6320-Submerged Land Lease	8415.23	8200.00	215.23	102.6%
6325-Bank fees	1329.80	1450.00	-120.20	91.7%
6330-Real Property Taxes	39073.47	38500.00	573.47	101.5%
6340-Hayden Island Business Park	2028.05	1300.00	728.06	156.0%
6350-Insurance	36608.45	35000	1608.45	104.6%
6360-Supplies and Postage	1008.87	250.00	756.67	402.7%
6370-Legal Services	0.00	750.00	-750.00	0.00
6380-Accounting Services	300.00	325.00	-25.00	92.3%
Total 6300-Administration	89510.88	87625.00	1885.88	102.2
Total Expenses	168994.45	172775.00	-3780.55	97.8%

NET ORDINARY INCOME	3981.75	0.00	3981.75

Other Income and Expenses
Other Income
5100-Reserve assessments	32188.80	32185.18	3.62	100.0%
5300-Reserve bank interest	4133.80	4000.00	133.80	103.3%
Total Other Income	36322.60	36185.18	137.42	100.4%

Other expenses
7000-Reserve expenses	3807.45
Total Other Expenses	3807.45
NET OTHER INCOME	32515.15	38185.18	-3670.03	89.9%
TOTAL NET INCOME	36496.80	36185.18	311.72	100.9%

* Primarily for the driveway blacktop as planned

					Dec 31, 12
ASSETS
	Current Assets
		Checking/Savings
			1145 · US Bank		2,972.66
			1150 · Schwab		413,024.09
		Total Checking/Savings			415,996.75
	Total Current Assets				415,996.75
	Fixed Assets
		2000 · Land and Bldgs			3,417,850.00
	Total Fixed Assets				3,417,850.00
TOTAL ASSETS					3,833,846.75
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Other Current Liabilities
				2350 · Accrued liabilties	750.00
			Total Other Current Liabilities		750.00
		Total Current Liabilities			750.00
	Total Liabilities				750.00
	Equity
		3200 · Reserves fund balance			299,739.58
		3400 · Contribution to capital			3,447,622.21
		3500 · Retained Earnings			49,238.06
		Net Income			36,496.90
	Total Equity				3,833,096.75
TOTAL LIABILITIES & EQUITY					3,833,846.75

2011

West Hayden Island Moorage Owners Association

Profit & Loss vs. Actual 2011

	Actual	Budget	$ Over Budget	% of Budget
Ordinary Income/Expense
Income
4100-Operating assessments	172,979.52	172,980.00	-0.48	100.0%
4200-Late Fees	6.55
4250-Penalties	100.00
4400-Miscelaneous revenue	120.16
Total Income	172,965.91	172,980.00	-14.09	100.0%

Expense
6100-Operating
6110-Electricity	4,503.91	4455	48.91	101.1%
6120-Garbage	6,440.00	7,020.00	-5,800	91.7%
6130-Telephone	599.38	600.00	-0.62	99.9%
6140-Water	41,863.30	46,600.00	-4,736.70	89.8%
Total Operating Expense	53,406.59	58,675.00	-5,268.41	91.0%

6200-Repairs & Maint.
6210-Landscaping	20,758.05	18,500.00	2,258.05	112.2%
6215-Beautification Committee	795.00	1,500.00	-704.35	53.0%
6220-Gate Maintenance	438.00	1,375.00	-937.00	31.9%
6230-Pipes Maintenance	1,542.98	1,500.00	42.98	102.9%
6240-General Maintenance	4,251.94	6,000.00	-1,748.06	70.9%
6241-Work Party	0.00	600.00	-600.00	0.0%
6245-Security
6247-Fire extinguisher Maintenance	343.00
6248-Fence repair	292.00
6245-Security other	690.00	720.00	-30.00	95.8%
Total Security	1,425.00	720.00	705.00	197.9%
Total Repairs & Maint.	29,211.62	30,195.00	-983.38	96.7%

6300- Administrative
6310-Fees and Licenses	50.00	150.00	-100.00	33.3%
6315-Income Tax	1,762.00	550.00	1,212.00	320.4%
6320-Submerged Land Lease	8,153.28	8,000.00	153.28	101.9%
6325-Bank fees	1,423.05	1,500.00	-76.95	94.9%
6330-Real Property Taxes	37,936.14	37,300.00	636.14	101.7%
6340-Hayden Island Business Park	1,963.16	1,200.00	763.16	163.6%
6350-Insurance	34,411.00	35,000.00	-589.00	98.3%
6360-Supplies and Postage	226.73	50.00	176.73	453.5%
6370-Legal Services	778.25	360.00	418.25	216.2%
6380-Accounting Services	275.00
Total 6300-Administration	86,978.61	84110.00	2868.61	103.4%
Total Expenses	169,596.82	172980.00	-3383.18	98.0%

NET ORDINARY INCOME	3,369.09	0.00	3,369.09

Other Income and Expenses
Other Income
5100-Reserve assessments	31,980.48	31,980.00	.48	100.0%
5300-Reserve bank interest	4,003.86	6,600	-2,596.14	60.7%
Total Other Income	35,984.34	38,580.00	-2,595.66	93.3%

Other expenses
7000-Reserve expenses	17,641.66*
Total Other Expenses	17,641.66	38,580.00	-20,237.32
NET OTHER INCOME	18,342.68	38,580.00	-16,868.23	56.3%
TOTAL NET INCOME	21,711.77	38,580.00	-16,868.23	56.3%

* Primarily for the driveway blacktop as planned

2010

2009

2008

Income Statement and Budget (Balance Sheet Below)

						Jan – Dec 07	Budget	$ Over Budget	% of Budget
	Ordinary Income/Expense
		Income
			4100 · Operating assessments			143,808.00	143,808.00	0.00	100.0%
			4200 · Late fees			34.36	0.00	34.36	100.0%
			4250 · 4250 – Penalties			25.00
			4300 · Operating bank interest			0.00	0.00	0.00	0.0%
			4400 · Miscellaneous revenue			730.00	0.00	730.00	100.0%
		Total Income				144,597.36	143,808.00	789.36	100.55%
		Expense
			6100 · Operating
				6110 · Electricity		3,676.70	3,300.00	376.70	111.42%
				6120 · Garbage		7,336.36	8,400.00	-1,063.64	87.34%
				6130 · Telephone		542.71	516.00	26.71	105.18%
				6140 · Water		24,642.17	26,004.00	-1,361.83	94.76%
			Total 6100 · Operating			36,197.94	38,220.00	-2,022.06	94.71%
			6200 · Repairs & Maint
				6210 · Landscaping		9,735.90	12,600.00	-2,864.10	77.27%
				6220 · Gate Maintenance
					6221 · Replace gate operator	0.00	5,000.00	-5,000.00	0.0%
					6220 · Gate Maintenance – Other	182.00	1,800.00	-1,618.00	10.11%
				Total 6220 · Gate Maintenance		182.00	6,800.00	-6,618.00	2.68%
				6230 · Pipes Maintenance		713.40	600.00	113.40	118.9%
				6240 · General maintenance		19,626.16	12,000.00	7,626.16	163.55%
				6245 · Security
					6246 · Paint – safety lines, etc.	443.24	450.00	-6.76	98.5%
					6247 · Fire extinguisher maintenance	350.00	500.00	-150.00	70.0%
					6248 · Fence repair	0.00	500.00	-500.00	0.0%
				Total 6245 · Security		793.24	1,450.00	-656.76	54.71%
			Total 6200 · Repairs & Maint			31,050.70	33,450.00	-2,399.30	92.83%
			6215 · Beautification Committee			1,365.53	2,000.00	-634.47	68.28%
			6300 · Administrative
				6310 · Fees and Licenses		1,226.80	400.00	826.80	306.7%
				6315 · Income Taxes		450.00	10.00	440.00	4,500.0%
				6320 · Submerged Land Lease		7,236.45	7,100.00	136.45	101.92%
				6325 · Bank fees		1,294.85	1,320.00	-25.15	98.1%
				6330 · Real Property Taxes		34,280.23	33,000.00	1,280.23	103.88%
				6340 · Hayden Island Business Park		2,393.03	1,400.00	993.03	170.93%
				6350 · Insurance		24,711.00	24,000.00	711.00	102.96%
				6360 · Supplies & Postage		872.38	720.00	152.38	121.16%
				6370 · Legal Services		215.00	1,400.00	-1,185.00	15.36%
				6380 · Accounting Services		250.00	250.00	0.00	100.0%
				6396 · Miscellaneous		0.00	250.00	-250.00	0.0%
			Total 6300 · Administrative			72,929.74	69,850.00	3,079.74	104.41%
			8000 · Suspense			0.00
		Total Expense				141,543.91	143,520.00	-1,976.09	98.62%
	Net Ordinary Income					3,053.45	288.00	2,765.45	1,060.23%
	Other Income/Expense
		Other Income
			5100 · Reserves assessments			47,712.00	47,712.00	0.00	100.0%
			5300 · Reserves bank interest			9,373.33	3,696.00	5,677.33	253.61%
		Total Other Income				57,085.33	51,408.00	5,677.33	111.04%
		Other Expense
			7000 · Reserve expenses
				7300 · Roofing		0.00
			Total 7000 · Reserve expenses			0.00
		Total Other Expense				0.00
	Net Other Income					57,085.33	51,408.00	5,677.33	111.04%
Net Income						60,138.78	51,696.00	8,442.78	116.33%

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2007

Income Statement and Budget (Balance Sheet Below)

	2006	2005	$ Change	% Change	2007 Budget	Notes
Operating Revenues and Expenses
Revenues
4100 · Operating assessments	157,920.00	171,360.00	-13,440.00	-7.84%	143,9200
4200 · Late Fees	210.67	0.00	210.67	N/A
4250 · Penalties	100.00	0.00	100.00	N/A
4300 · Operating Bank Interest	0.00	7.06	-7.06	N/A
4400 · Miscellaneous Revenue	45.00	149.50	-104.50	-68.9%
Total Revenues	158,275.67	171,516.56	-13,240.89	-7.72	143,920
Expenses
6100 · Operating
6110 ·Electricity	3,122.22	3,371.03	-248.81	-7.38%	3,300	A
6120 · Garbage	11,303.30	10,675.02	628.28	5.89%	8,400	B
6130 ·Telephone	462.40	522.24	-59.84	-11.46%	516	C
6140 · Water	28,653.45	31,067.55	-2,414.10	-7.77%	26,000	D
Total 6100 · Operating	43,541.37	45,635.84	-2,094.47	-4.59%	38,216

6200 · Repairs & Maintenance					8,450	E
6210 · Landscaping	15,131.30	14,126.46	1,004.84	7.11%	12,600	F
6220 · Gate Maintenance	661.00	3,627.00	-2,966.00	-81.78%	1,800
6230 · Pipes Maintenance	379.42	4,862.38	-4,482.96	-92.2%	600
6240 · General Maintenance	13,702.64	3,640.78	10,061.86	276.37%	12,000
6245 · Security	5,400.00	0.00	5,400.00	N/A	0
Total 6200 · Repairs & Maintenance	35,274.36	26,256.62	9,017.74	34.35%	35,450
6300 · Administrative
6310 · Fees and Licenses	387.00	652.16	-265.16	-40.66%	400
6315 · Income Taxes	10.00	10.00	0.00	0.00	10
6320 · Submerged Land Lease	7,039.50	6,844.00	195.50	2.86%	7,100
6325 · Bank Fees	1,233.85	0.00	1,233.85	100.0%	1,320
6330 · Real Property Taxes	31,704.44	53,975.45	-22,271.01	-41.26%	33,000
6340 · Hayden Island Business Park	1,312.52	919.52	393.00	42.74%	1,400
6350 · Insurance	30,039.60	20,980.45	9,059.15	43.18%	24,000	G
6360 · Supplies & Postage	633.92	1,022.01	-388.09	-37.97%	720
6370 · Legal Services	1,398.12	535.72	862.40	160.98%	1,400
6380 · Accounting Services	225.00	1,100.00	-875.00	-79.55%	250
6390 · Management Services	0.00	5,638.90	-5,638.90	N/A	0
6395 · Bad Debts	281.13	628.15	-347.02	-55.25%	0
6398 · Miscellaneous	250.00	495.00	-245.00	-49.5%	250
Total 6300 · Administrative	74,515.08	92,801.36	-18,286.28	-19.71%	69,850

8000 · Suspense	285.00	0,00	-285.00	N/A	0
Total Expense	153,615.81	164,693.82	-11,078.01	-6.73%	143,516

Excess of operating revenues over expenses	4,659.86	6,822.74	-2,162.88	-31.7%	404

Reserve Account
5100 · Reserves Assessments	33,600.00	19,440.00	14,160.00	72.84%	33,600
5300 · Reserves Interest Income	3,611.93	1,312.03	2,299.90	175.29%	3,700
Additional Reserves for Garage Roof					14,000
Total Increase to Reserve Account	37,211.93	20,752.03	16,459.90	79.32%	37,300

Excess of revenues over expense – Operations plus Reserves	41,871.79	27,574.77	14,297.02	51.85%	37,704

A Plus 5% over last Year

B With new service

C Rounded to 43 per month

D With benefit of new sewer meter

E Includes 5,000 for gate operator

450 for paint (like safety lines)

500 fire extinguisher maintenance

2000 Beatification per committee request

F No bark this year cause for reduction

G 2006 w/o 2005 paid in 2006

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2006

2005 Actual	2005 Budget	2005 Actual	Variation
Income
4100-Operating Assessments	171,360.00	157,920.00
4300-Operating Bank Interest	7.08
4400- Misc Income	149.50

Total Income	171,516.56	157,920.00
Expense
Operating
Electricity	3,371.03	3,600.00
Garbage	10,675.02	11,040.00
Telephone	522.24	500.00
Water & Sewer	31,067.55	36,000.00
Total Operating	45,635.84	51,140.00

Repairs and Maintenance
Landscaping	14,126.46	15,000.00
Gate maintenance	3,627.00	4,300.00
Pipes maintenance	4,862.38	1,600.00
General maintenance	3,640.78	9,600.00
Security		9,000.00
Total Maintenance	26,256.62	51,144.00

Administration
Income taxes	10.00	10.00
Submerged land lease	6,844.00	6,900.00
Fees & Licenses	300.00	1,200.00
Real property taxes	53,975.45	32,000.00
Hayden Island Bus Park Dues	919.52	2,000.00
Insurance	20,980.45	22,700.00
Supplies and postage	1,022.01	0.00
Legal services	535.72	600.00
Accounting services	1,100.00	1,200.00
Management fees & expenses	5,638.90	0.00
Bad Debts	628.15	0
Misc	495.00	0
Total Administration	92,801.36	66,610.00

Total Expense	164,693.82	171,360.00

Net Ordinary Income	6,822.74	66.00

Other Income/Expense
Reserve Assesment	19,440.00	33,600.00

Net Income		33,666.00

2005

2005 Actual	2005 Budget	2005 Actual	Variation
Income
4100-Operating Assessments	171,360.00	157,920.00
4300-Operating Bank Interest	7.08
4400- Misc Income	149.50

Total Income	171,516.56	157,920.00
Expense
Operating
Electricity	3,371.03	3,600.00
Garbage	10,675.02	11,040.00
Telephone	522.24	500.00
Water & Sewer	31,067.55	36,000.00
Total Operating	45,635.84	51,140.00

Repairs and Maintenance
Landscaping	14,126.46	15,000.00
Gate maintenance	3,627.00	4,300.00
Pipes maintenance	4,862.38	1,600.00
General maintenance	3,640.78	9,600.00
Security		9,000.00
Total Maintenance	26,256.62	51,144.00

Administration
Income taxes	10.00	10.00
Submerged land lease	6,844.00	6,900.00
Fees & Licenses	300.00	1,200.00
Real property taxes	53,975.45	32,000.00
Hayden Island Bus Park Dues	919.52	2,000.00
Insurance	20,980.45	22,700.00
Supplies and postage	1,022.01	0.00
Legal services	535.72	600.00
Accounting services	1,100.00	1,200.00
Management fees & expenses	5,638.90	0.00
Bad Debts	628.15	0
Misc	495.00	0
Total Administration	92,801.36	66,610.00

Total Expense	164,693.82	171,360.00

Net Ordinary Income	6,822.74	66.00

Other Income/Expense
Reserve Assesment	19,440.00	33,600.00

Net Income		33,666.00

Balance Statement December 31

	2004	2005
ASSETS
Current Assets
Checking/Savings
Checking	5,658.87	13,554.25
Savings
Reserve Fund	50,774.65	76,827.56
Tax & Insurance Fund		14,404.12
Savings		10,000.00
Subtotal	56,433.52	114,785.93

Assessments Receivable	25,227.06	(13.42)

TOTAL ASSETS	81,660.60	114,772.51

LIABILITIES & EQUITY
Current Liabilities
Accounts Payable	34,272.26	0
Developer Payable	10,190.60	0
Subtotal	44,462.86	0
Equity
Operating Fund Balance	(20,257.79)	(13,435.05)
Reserve Fund Balance	57,455.53	78,207.56
Contribution to Capital		50,000.00
Subtotal	37,197.74	114,772.51

TOTAL LIABILITIES & EQUITY	81,660.60	114,772.51

Balance Sheet

Accounts receivable shows a credit balance as some slips were prepaid by the LLC before selling and prompt (before month end) payment of the monthly assessment by some slip owners.

Schwab $50,000 of this account is now invested in CDs to increase the investment income. During November I will move approximately $36,000 out of the Schwab account to pay property taxes and flood insurance.

Income Statement

At the end of October we are still under budget primarily due to insurance, taxes and management fees. With the November tax and insurance payments, expenses will more closely match the budget.

This year the total property tax expense will be $53975.45. The expense is significantly higher than past years because WHIMOA paid 2/3 of the 2004 taxes and all the 2005 taxes during 2005. By paying the 2005 taxes in full, we received a discount of $962 and will not pay any interest charges. By setting aside cash throughout the year, the property taxes will be paid in full every year.

2004

Budget 2004	Actual 2004
Income
4100-Operating Assessments	163,880.00	163,968.00
4300-Operating bank interest		27.77
4400- Misc Income		0.00
	183,880.00	179,739.07

Expense
6100 Operating
6110-Electricity	2,760.00	3,193.80
6120-Garbarge	7,100.00	8,575.27
6130-Telephone	600.00	501.98
8140-Water	34,560.00	37,740.92
Total Operating	45,020.00	50,011.97

6200 Repairs and Maintenance
6210-Landscaping	12,000.00	14,853.70
6220-Gate maintenance	1,500.00	1,833.88
8230-Pipes maintenance	1,000.00	4,354.09
6240-General maintenance	7,000.00	8,294.39
Total Maintenance	21,500.00	29,136.06

6300 Administration
6310-Fees and licenses	300.00	537.27
6315-Income taxes	10.00	10.00
6320-Submerged land lease	8,450.00	6,635.00
6330-Real property taxes	36,000.00	34,207.74
6340-Hayden island Bus Park Dues	2,800.00	1,871.65
6350-Insurance	27,400.00	33,981.19
6360-Supplies and postage	500.00	247.45
6370-Legal services	6,400.00	630.85
6380-Accounting services	2,500.00	2,867.10
6390-Management fees & expenses	15,000.00	21,022.67
6395-Bad Debts		3,353.31
Total Administration	97,360.00	105,364.23

Total Expense	163,880.00	184,512.26

Net Ordinary Income (Loss)		(4,773.19)

Other Income/Expenses
Other Income
5100-Reserves assessments	16,560.00	17,276.81
5300-Reserves bank interest		265.32
Total other income	18,560.00	17,542.13

Other Expenses
7000-Reserve Expenses
7200-Security Lighting		2.318.61
Total Other Expenses		2,318.61

Net Other Income		15,223.52

Net Income (Loss)		10,450.33

2003

Budget 2003	Actual 2003
Income
4100-Operating Assessments	144,480.00	144,480.00
4300-Operating bank interest		24.91
4400- Misc Income
	144,480.00	144,504.91

Expense
6100 Operating
6110-Electricity	2,800.00	2,750.00
6120-Garbarge	8,840.00	7,006.74
6130-Telephone	380.00	566.42
8140-Water	21,800.00	29,718.82
Total Operating	31,600.00	40,041.18

6200 Repairs and Maintenance
6210-Landscaping	9,800.00	15,176.90
6220-Gate maintenance	1,500.00	3,260.00
8230-Pipes maintenance	1,000.00	891.50
6240-General maintenance	7,900.00	8,168.91
Total Maintenance	20,000.00	25,267.31

6300 Administration
6310-Fees and licenses	700.00	229.84
6315-Income taxes	50.00	10.00
6320-Submerged land lease	8,400.00	6,442.00
6330-Real property taxes	32,000.00	32,615.36
6340-Hayden island Bus Park Dues	300.00	2,756.62
6350-Insurance	25,600.00	27,339.73
6360-Supplies and postage	1,300.00	260.28
6370-Legal services	500.00	700.00
6380-Accounting services	4,000.00	2,427.36
6390-Management fees & expenses	17,200.00	17,200.00
6395-Bad Debts		1541.00
Total Administration	90,650.00	94,121.99

Total Expense	142,250.00	159,481.08

Net Ordinary Income (Loss)	2,230.00	(14,956.17)

Other Income
5100-Reserves assessments	16,560.00	16,288.04
5300-Reserves bank interest		74.71
Total other income	16,560.00	18,362.75

Maintenance charged to reserves – painting
LLC contribution for painting (based upon slips owned at 10/1/02)
Net addition to reserves	16,580.00

Special assessment per slip to fund deficit		287.07

Monthly assessment beginning January 1, 2004
Plus $30 reserves
Total 2004 Monthly Assessment per slip

2002

Income Statement 2002

Balance Sheet 2002

Ordinary Income/Expense

Income

4100 · Operating assessments 109,200.00

4300 · Operating bank interest 17.87

4400 · Miscellaneous revenue 25.00

Total Income 109,242.87

Expense

6100 · Operating

6110 · Electricity 2,669.56

6120 · Garbage 6,553.00

6130 · Telephone 486.27

6140 · Water 20,214.52

Total 6100 · Operating 29,923.35

6200 · Repairs & Maint

6210 · Landscaping 11,946.68

6220 · Gate Maintenance 146.00

6230 · Pipes Maintenance 1,715.00

6240 · General maintenance 7,544.90

Total 6200 · Repairs & Maint 21,352.58

6300 · Administrative

6310 · Fees and Licenses 514.71

6320 · Submerged Land Lease 6,261.00

6330 · Real Property Taxes 31,530.98

6340 · Hayden Island Business Park 230.00

6350 · Insurance 17,258.37

6360 · Supplies & Postage 1,164.07

6370 · Legal Services 73.82

6380 · Accounting Services 4,066.10

6390 · Management Services 19,121.44

Total 6300 · Administrative 80,220.49

Total Expense 131,496.42

Net Ordinary Income -22,253.55

Other Income/Expense

Other Income

5100 · Reserves assessments 13,682.91

5300 · Reserves bank interest 270.46

Total Other Income 13,953.37

Net Other Income 13,953.37

Net Income -8,300.18

ASSETS

Current Assets

Checking/Savings

1100 · Petty Cash 5.34

1130 · Liberty Funds 28,380.51

1140 · Sterling Checking Account 721.18

Total Checking/Savings 29,107.03

Accounts Receivable

1200 · Assessments receivable 6,787.09

1300 · Developer receivables -136.30

Total Accounts Receivable 6,650.79

Total Current Assets 35,757.82

TOTAL ASSETS 35,757.82

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Accounts Payable

2300 · Vendor payables 19,121.44 +

Total Accounts Payable 19,121.44

Other Current Liabilities

2200 · Developer payables 10,190.60 ++

Total Other Current Liabilities 10,190.60

Total Current Liabilities 29,312.04

Total Liabilities 29,312.04

Equity

3500 · Operating fund balance -19,337.89

3600 · Reserves fund balance 34,083.85

Net Income -8,300.18

Total Equity 6,445.78

TOTAL LIABILITIES & EQUITY 35,757.82

+ Due Evergreen for Bob

++ Advances from LLC

Finace Past Years

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

Expense

2005

Expense

2004

2003

2002