Cherry Grove HOA FY2023 financial results.xlsx

	A	B	D	H	J
1		CHERRY GROVE HOMEOWNER'S ASSOCIATION
2		FY2023 Actuals vs. Budget
3		GENERAL FUND
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5			FY2023	Budget	Fav/(Unfav) Variance

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7		Income
8	1	1st half maintenance dues	$17,200	$17,600	($400)
9	2	2nd half maintenance dues	17,600	17,600	0
10	3	Home Sale Fees	650	0	650
11	4	Total Income	$35,450	$35,200	$250
12
13		Administrative Expenses
14	5	Postage	$0	$60	$60
15	6	Bank Fees	115	120	5
16	7	Mailbox Rental	226	225	(1)
17	8	Office Supplies / tax forms	73	200	127
18	9	Holiday Lighting & Décor	650	600	(50)
19	10	Social Committee	638	650	12
20	11	Outside Contract Services	4,500	4,500	0
21	12	Accounting software	265	0	(265)
22	13	Legal	0	0	0
23	14	Storage Rental	900	900	0
24	15	HOA Website	0	30	30
25	16	Liability Insurance - Commercial Package	1,554	972	(582)
26	17	Liability Insurance - Directors & Officers	932	1,080	148
27	18	Total Administrative Expenses	$9,854	$9,337	($517)
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29		Operating Expenses
30	19	General Facilities Maintenance	$0	$0	$0
31	20	Utilities: Water	8,914	9,159	245
32	21	Irrigation - Repair and Maintenance	479	500	21
33	22	Landscaping - Lawn Maintenance Contract	13,103	13,823	720
34	23	Landscaping - Seasonal Color	1,180	1,000	(180)
35	24	Landscaping - Shrubs and Trees	0	0	0
36	25	Landscaping - Sod	0	0	0
37	26	Landscaping - Mulch/Top Soil	1,624	1,750	126
38	27	Landscaping - Improvements	0	0	0
39	28	Lighting - Repair and Maintenance	0	700	700
40	29	Utilities: Electric	898	1,000	102
41	30	Total Operating Expenses	$26,198	$27,932	$1,734
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43	31	Total Administrative & Operating Expenses	$36,051	$37,269	$1,218
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45	32	Net Surplus / (Deficit)	($601)	($2,069)	$1,468
46	33	General Fund balance at beginning of period	2,777	2,377	400
47	34	Transfers to Capital Reserve Fund	(2,175)	0	(2,175)
48	35	Fund balance at end of period	$0	$308	$1,867
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50	36	Capital Reserve balance at end of period	$6,564	$6,564	$0
51	37	Transfers from General Fund	2,175	0	2,175
52	38	Total Fund Balance at end of period	$8,739	$6,872	$1,867
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