10:36 AM Westfield Village CIA 01/07/26 Balance Sheet Prev Year Comparison Accrual Basis . As of December 31, 2024 Dec 31, 24 Dec 31, 23 $ Change % Change ASSETS Current Assets Checking/Savings Petty Cash 250.00 253.13 -3.13 -1.2% Wood Forest MMA 64,643.02 64,348.51 294.51 0.5% Woodforest National 74,386.91 116,855.67 -42,468.76 -36.3% Total Checking/Savings 139,279.93 181,457.34 -42,177.38 -23,2% Accounts Receivable Accounts Receivable 93,228.65 120,242.95 -27,014.30 -22.5% Allowance for Doubtful Accounts 82,202.79 ~82,202.79 0.00 0.0% Total Accounts Receivable 11,025.86 38,040.16 -27,014.30 -71.0% Total Current Assets 150,305.79 219,497.47 -69,191.68 -31.5% Fixed Assets Common Area Land 25,251.03 25,251.03 0.00 0.0% Total Fixed Assets 25,254 03 25,251 03 _ 0.0% TOTAL ASSETS 176,666.82 244,748.60 -28.3% LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable . -327.38 4,400.00 -1,727.38 -123.4% Total Accounts Payable -327.38 1,400.00 -1,727.38 -123.4% Other Current Liabilities Payroll Liabilities 434.21 274.13 160.08 58.4% Prepaid Assessments 0.00 54,188.00 -54,188.00 -100.0% Accrued Liabilities -3,200.00 323.67 -3,523.67 -1,088.7% Total Other Current Liabilities -2,765,79 54,785.80 -§7,551.59 -105.1% Total Current Liabilities -3,093.17 56,185.80 -59,278.97 -105,5% Total Liabilities -3,093.17 56,185.80 -59,278.97 -105.5% Equity Retained Earnings 188,562.70 209,246.27 -20,683.57 9.9% Net Income -9,912.71 -20,683.57 10,770.86 52.1% Total Equity 178,649.99 188,562.70 -9,912.71 5.3% TOTAL LIABILITIES & EQUITY 175,566.82 244,748.50 -69,191.68 -28.3% Page 1 10:37 AM Westfield Village CIA 01/07/26 Profit & Loss Prev Year Comparison Accrual Basis January through December 2024 Jan -Dec 24 Jan - Dec 23 $ Change % Change Ordinary Income/Expense
-28.3% Page 1 10:37 AM Westfield Village CIA 01/07/26 Profit & Loss Prev Year Comparison Accrual Basis January through December 2024 Jan -Dec 24 Jan - Dec 23 $ Change % Change Ordinary Income/Expense income Returned Check Charges 30.00 115.00 -85.00 -73.9% Fines 19,300.00 16,575.00 2,725.00 16.4% Transfer Fee Income 5,080.00 3,550.00 1,530.00 43.1% Collection Fees 7,260.00 6,825.00 435.00 6.4% interest Income 294.51 201.21 93.30 46.4% Late Fee Income 4,252.97 §,221.15 -968.18 -18.5% Membership Dues 262,080.00 262,080.00 0.00 0.0% Total Income 298,297.48 294,567.36 3,730.12 1.3% Gross Profit 298,297.48 294,567.36 3,730.12 1.3% Expense Payroll Expenses 32,694.82 30,944.26 1,750.56 5.7% Capital Repairs 25,261 .34 21,835.07 3,426.27 15.7% Automobile Expense 411.65 477.31 -65.66 -13.8% Bad Debts 3,125.00 2,320.21 804.79 34.7% Bank Service Charges 0.00 70.00 -70.00 -100.0% Community Events 4,140.18 4,841.08 -700.90 -14.5% Contract Services Security Cameras 20,779.29 20,779.29 0.00 0.0% Website 4,844.19 4,963.29 -119.10 -2.4% Landscaping 36,497.16 36,469.02 28.14 0.1% Mosquito Spraying/Insect Contro 4,272.45 4,062.61 209.84 5.2% Pool Service 47,761.24 48,808.12 -1,046.88 -2.1% Other Services 2,325.00 476.80 1,848.20 387.6% Total Contract Services 116,479.33 115,559.13 920.20 0.8% Federal Taxes 30.00 18.53 11.47 61.9% Insurance Liability Insurance 16,682.16 15,215.68 1,466.48 9.6% Total Insurance 16,682.16 15,215.68 1,466.48 9.6% Licenses and Permits 100.12 0.00 100.12 100.0% Office Supplies 2,922.99 2,575.73 347.26 13.5% Postage and Delivery 7,029.60 6,013.33 1,016.27 16.9% Printing and Reproduction 816.00 0.00 816.00 100.0% Property Taxes 1,202.99 1,217.31 -14.32 1.2% Professional Fees Accounting -626,52 375.00 ~1,001.52 -267.1% Page 1 10:37 AM 01/07/25 Accrual Basis
9% Printing and Reproduction 816.00 0.00 816.00 100.0% Property Taxes 1,202.99 1,217.31 -14.32 1.2% Professional Fees Accounting -626,52 375.00 ~1,001.52 -267.1% Page 1 10:37 AM 01/07/25 Accrual Basis Legal Fees General Legal Deliquencies Deed Restrictions Less Collected Legal Fees - Other Total Legal Fees Total Professional Fees Program Expense Rent Repairs/Maintenance Park Equipment Irrigation System Building Pool Area Other Common Areas Repairs/Maintenance - Other Total Repairs/Maintenance Telephone Travei & Ent Meals Total Travel & Ent Utilities Electric-Street Lights Electric-Common Areas Water Total Utilities Total Expense Net Ordinary income Net Income Westfield Village CIA Profit & Loss Prev Year Comparison January through December 2024 Jan - Dec 24 Jan - Dec 23 $ Change % Change 6,392.33 22,702.58 -16,310.25 -71.8% 2,585.00 885.00 1,700.00 192.1% 1,101.17 5,630.00 -4,528.83 -80.4% 146.30 11.86 134.44 1,133.6% -480.22 386.86 -867.08 -224.1% 1,594.00 648.93 945.07 145.6% 1,405.00 1,080.00 315.00 28.9% 976.42 10,264.19 -9,287.77 -90.5% 13,849.56 20,085.74 -6,236.18 -31.1% 8,854.75 2,387.47 6,467.28 270.9% 1,352.13 170.07 1,182.06 695.0% 26,356.86 42,564.16 -16,207.30 -38.1% 2,873,38 2,653.51 219.87 8.3% 0.00 427.24 -427.24 -100.0% 0.00 427.24 -427.24 -100.0% 39,205.22 36,429.30 2,775.92 7.6% 14,049.95 16,143.97 -2,094.02 -13.0% 12,309.82 13,819.32 -1,509.50 -10.9% 65,564.99 66,392.59 -827.60 -1.3% 308,210.19 315,250.93 -7,040.74 -2.2% neti 9,912.74 -20,683.57 10,770.86 52.1% Lr RE Sr re Page 2 10:41 AM 01/07/25 Accrual Basis Westfield Village CIA Profit & Loss Budget vs. Actual
74 -2.2% neti 9,912.74 -20,683.57 10,770.86 52.1% Lr RE Sr re Page 2 10:41 AM 01/07/25 Accrual Basis Westfield Village CIA Profit & Loss Budget vs. Actual January through December 2024 TOTAL a a SNES Jan-Dec24 —_ Budget $ Over Budget % of Budget ree ari Lia Ordinary income/Expense Income Returned Check Charges 30.00 30.00 0.00 100.0% Fines 19,300.00 30,000.00 -10,700.00 64.33% Transfer Fee Income 5,080.00 3,900.00 1,180.00 130.26% NSF Fee Income 0.00 0.00 0.00 0.0% Collection Fees 7,260.00 4,500.00 2,760.00 161.33% Interest Income 294,54 30.00 264.51 981.7% Late Fee income 4,252.97 4,000.00 252.97 106.32% Membership Dues 262,080.00 248,000.00 14,080.00 105.68% Total income 298,297.48 290,460.00 7,837.48 102.7% Gross Profit 298,297.48 290,460.00 7,837.48 102.7% Expense Payroll Expenses 32,694.82 34,200.00 -1,505.18 95.6% Capital Repairs 25,261.34 Automobile Expense 411.65 300.00 111.65 137.22% Bad Debts 3,125.00 9,600.00 6,475.00 32.55% Bank Service Charges 0.00 Credit Card Fees 0.00 300.00 -300.00 0.0% Community Events 4,140.18 1,750.00 2,390.18 236.58% Contract Services Security Cameras 20,779.29 20,736.00 43.29 100.21% Database 0.00 600.00 -600.00 0.0% Website 4,844.19 5,450.00 605,81 88.88% Landscaping 36,497.16 42,000.00 -5,502.84 86.9% Mosquito Spraying/Insect Contro 4,272.45 3,600.00 672.45 118.68% Pool Service 47,761.24 47,625.00 136.24 100.29% Other Services 2,325.00 2,400.00 -75,00 96.88% Total Contract Services ~ 11647933 122,41100 SeneT On Iow Federal Taxes 30.00 Insurance Liability Insurance 16,682.16 11,580.00 5,102.16 144.06% en a ea Page 1 of 3 10:41 AM 01/07/25 Accrual Basis Total insurance Licenses and Permits Office Supplies Postage and Delivery Printing and Reproduction Property Taxes Professional Fees
,102.16 144.06% en a ea Page 1 of 3 10:41 AM 01/07/25 Accrual Basis Total insurance Licenses and Permits Office Supplies Postage and Delivery Printing and Reproduction Property Taxes Professional Fees Accounting Legal Fees General Legal Deliquencies Deed Restrictions Less Collected Legal Fees - Other Total Legal Fees Total Professional Fees Program Expense Rent Repairs/Maintenance Park Equipment Irrigation System Building Pool Area Other Common Areas Repairs/Maintenance - Other Total Repairs/Maintenance Telephone Travel & Ent Meals Travel Total Travel & Ent Utilities Westfield Village CIA Profit & Loss Budget vs. Actual January through December 2024 TOTAL Jan-Dec24 Budget $Over Budget % of Budget 16,682.16 11,580.00 5,102.16 144.06% 100.12 2,922.99 3,750.00 -827.01 77.95% 816.00 400.00 416.00 204.0% 1,202.99 935.00 267.99 128.66% -626.52 2,060.00 -2,686.52 -30.41% 471.30 3,000.00 -2,528.70 15.71% 6,392.33 24,000.00 17,607.67 26.64% 2,585.00 3,000.00 -415.00 86.17% 1,101.17 146.30 12,000.00 -14,853.70 1.22% -480.22 14,060.00 -14,540.22 -3.42% 1,594.00 540.00 1,054.00 295.19% 1,405.00 1,200.00 205.00 117.08% 0.00 1,200.00 -1,200.00 0.0% 976.42 1,800.00 -823.58 54.25% 1,324.00 1,200.00 124.00 110.33% 13,849.56 3,600.00 10,249.56 384.71% 8,854.75 1,200.00 7,654.75 737.9% 1,352.13 26,356.86 9,000.00 17,356.86 292.85% 2,873.38 2,220.00 653.38 129.43% 0.00 400.00 -400.00 0.0% 0.00 800.00 -800.00 0.0% Page 2 of 3 10:41 AM 01/07/25 Accrual Basis Electric-Street Lights Electric-Common Areas Water Total Utilities Total Expense Net Ordinary income Net Income Westfield Village CIA Profit & Loss Budget vs. Actual January through December 2024 TOTAL NEES
ic-Street Lights Electric-Common Areas Water Total Utilities Total Expense Net Ordinary income Net Income Westfield Village CIA Profit & Loss Budget vs. Actual January through December 2024 TOTAL NEES van-Dec24 Budget $ Over Budget % of Budget enna heh 14,049.95 12,000.00 2,049.95 117.08% 12,309.82 12,000.00 309.82 102.58% 65,564.99 66,000.00 -435.01 99.34% 308,210.19 284,146.00 24,064.19 108.47% -9,912.71 6,314.00 16,226.71 -157.0% -9,912.71 6,314.00 -16,226.71 157.0% Page 3 of 3