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RIVER HEIGHTS PROPERTY OWNERS ASSOCIATION
PROFIT & LOSS-GENERAL FUND FISCAL YEAR ENDING JUNE 30 31-Aug-07
INCOME
    2002 2003 2004 2005 2006 2007 2008 Bank balances
ASSESSMENTS
    $23,886 $23,660 $30,355 $30,435 $ 30,210 $ 30,180 $ 450 General $ (2,759)
FINANCE CHARGE
        $ 531 $ 163 $ 211 $ 84 $ 19 Water $ 28,487
IINTEREST
    $ 455 $ 248 $ 92 $ 272 0     Refuge $ 20,480
LOAN PROCEEDS
              985   Road $102,364
TOTAL INCOME
    $24,341 $23,908 $30,978 $30,870 $ 30,421 $ 31,249 $ 469 TOTAL $148,572
               
EXPENSES
                 
LEGAL & ACCOUNTING
    $ 6,843 $ 6,653 $ 6,283 $ 5,842 $ 6,570 $ 6,240 $ 2,170 Accts Rec $ 19,705
WEB EXPENSE
          $ 493 399 $ 150 60
CONSULTING FEES
    $ 1,995 $ 2,103 $ 500       321
INSURANCE
      $ 868 $ 868 $ 1,001 $ 2,013 $ -  
BANK CHARGE
    $ 91 $ 70 $ 62 $ 48 $ 48 $ 79 $ 25
MISC MAINTENANCE
    $ 3,934 $ 7,705 $ 180 $ 108 $ 20,523 $ 4,513 160
MOWING
    $ 333 $ 378 $ 135 $ 90 $ 55    
SANDING/SWEEPING
    $ 511 $ 571   $ -      
SNOW REMOVAL
    $ 1,980 $ 6,180 $15,480 $ 9,630 $ 16,528 $ 16,663  
ROAD REPAIRS
      $ 4 $ 772 $ 1,051 $ 231    
MISCEL EXPENSES
    $ 493 $ 300 $ 75 $ -   $ 1,226 50
OFFICE SUPPLIES
    $ 455 $ 631 $ 286 $ 224 $ 590 $ 818 $ 85
POSTAGE
    $ 719 $ 673 $ 577 $ 524 $ 466 $ 579 $ 150
PRINTING/PHOTOCOPY
    $ 1,001 $ 462 $ 528 $ 1,137 $ 348 $ 666  
PROERTY TAXES
    $ 211 $ 430 $ 442 $ 715 $ 738    
INCOME TAXES ST & FED
    $ 958 $ 305 $ 38 $ 19 257 $ 331  
UTILITIES
    $ 2,029 $ 3,161 $ 3,203 $ 2,455 $ 3,838 $ 3,129 $ 1,109
EROSION CONTROL
              $ 200
TOTAL EXPENSES
    $21,553 $30,494 $29,429 $23,337 $ 52,604 $ 34,394 $ 4,330
               
NET INCOME
    $ 2,788 -6586 $ 1,549 $ 7,533 $ (22,183) $ (3,145) $ (3,861)
REFUSE ACCOUNT  
ASSESSMENT
    $22,111 $22,244 $22,654 $21,958 $ 22,600   $ 21,750
INTEREST
    $ 386 $ 213 $ 103 $ 26      
TOTAL INCOME
    $22,497 $22,457 $22,757 $21,984 $ 22,600   $ 21,750
WASTE REMOVAL
    $22,612 $22,979 $24,075 $22,200 $ 22,200   $ 5,688
NET INCOME
    $ (115) $ (522) $ (1,318) $ (216) $ 400   $ 16,062