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Higgins Lake Property Owners Association
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January 31,2026
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Statement of Income
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2026Variance
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INCOME:Members @ActualBudget
Fav/(Unfav)
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Members' Dues40625 $ 125 $ 40,625 $ 57,000 $ (16,375)
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Directory Advertisements
 $ 6,765 $ 9,500 $ (2,735)
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Map/Stationery Sales $ 100 $ 100 $ -
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Legal Fund Contrib's (Restricted)
 $ 1,000 $ 6,000 $ (5,000)
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Environmental Fund Contrib's - (Restricted)
 $ 300 $ 5,500 $ (5,200)
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General/Lobbyist Fund Contrib's (Non-Restricted)
 $ 5,160 $ 10,000 $ (4,840)
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Fundraiser Income $ - $ 4,000 $ (4,000)
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Raffle Ticket Sales $ - $ - $ -
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Interest/Miscellaneous Income
 $ 367 $ 2,500 $ (2,133)
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TOTAL INCOME
 $ 54,317 $ 94,600 $ (40,283)
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EXPENSES:
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Contract Services
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Accounting Fees $ - $ 6,000 $ 6,000
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Legal Expenses $ - $ 10,000 $ 10,000
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Lobbyist $ 2,500 $ 21,000 $ 18,500
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 $ 2,500 $ 37,000 $ 34,500
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Facilities and Equpment
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Office Rent $ 250 $ 3,000 $ 2,750
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 $ 250 $ 3,000 $ 2,750
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Operating Expenses
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Insurance $ - $ 1,600 $ 1,600
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Postage, Mailing Service
 $ 181 $ 3,200 $ 3,019
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Printing and Copying $ - $ 7,500 $ 7,500
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Supplies $ - $ 700 $ 700
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Outide Services $ 117 $ 4,000 $ 3,883
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Telephone and Internet $ 155 $ 2,000 $ 1,845
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Web Site Maintenance $ - $ 1,000 $ 1,000
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 $ 453 $ 20,000 $ 19,547
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Payroll Expenses
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Salaries and Wages $ 1,089 $ 15,000 $ 13,911
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Payroll Taxes $ 84 $ 2,000 $ 1,916
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Workers Comp $ 3 $ 50 $ 47
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 $ 1,176 $ 17,050 $ 15,874
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Travel and Meetings
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Conferences, Meetings $ - $ 500 $ 500
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Other
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Environmental Expenses
 $ 245 $ 7,500 $ 7,255
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Marine Patrol & Rosc Foundation
 $ - $ 2,000 $ 2,000
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Project Funding $ - $ 5,000 $ 5,000
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Memberships $ - $ 100 $ 100
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 $ 245 $ 14,600 $ 14,355
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TOTAL EXPENSE
 $ 4,624 $ 92,150 $ 87,526
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NET INCOME $ 49,693 $ 2,450 $ 47,243
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