9/30/2023 Balance Sheet For Whitestone Crest Homeowners Association, Inc.
Operating 1111 - PPB - Operating $32,543.96 1112 - PPB Petty Cash $500.00 Total Operating $33,043.96 Reserve 1205 - PPB - Reserve $20,416.39 Total Reserve $20,416.39 Accounts Receivables 1310 - Community Receivables $1,753.92 Total Accounts Receivables $1,753.92 Prepaid Expenses 1610 - Prepaid Insurance $3,557.09 Total Prepaid Expenses $3,557.09 Total Assets $58,771.36 Owner Assessments 3310 - Prepaid Owner Assessments $523.45 Total Owner Assessments $523.45 R&R Reserves 5999 - General Reserves $20,416.39 Total R&R Reserves $20,416.39 Owners Equity 5510 - Prior Year's Adjustment $4,427.64 5511 - Retained Earnings $1,500.48 5998 - Net Income (loss) $31,903.40 Total Owners Equity $37,831.52 Total Liabilities / Equity $58,771.36 Report generated on 10/3/2023 10:22 AM - V3.11 Page 1 Whitestone Crest Homeowners Association, Inc.
Statement of Revenues and Expenses 9/1/2023 - 9/30/2023 Budget Actual Annual Budget Actual Variance Variance Budget Current Period Year To Date Operating Income Owners Equity 6310 - Homeowner Assessment Income 173.80 4,026.89 (3,853.09) 55,789.14 36,242.01 19,547.13 48,322.71 6312 - Builder Assessments 20.04 (20.04) 180.36 (180.36) 240.48 6350 - Legal Fees Reimbursements 37.50 (37.50) 158.70 337.50 (178.80) 450.00 6370 - Collections Reimbursements 48.75 (48.75) 600.34 438.75 161.59 585.00 6390 - Owner Interest Income 23.97 23.97 469.60 469.60 6912 - Interest on Reserves 4.19 4.19 18.02 18.02 201.96 4,133.18 (3,931.22) 57,035.80 37,198.62 19,837.18 49,598.19 Total Owners Equity 201.96 Total Income 4,133.18 (3,931.22) 57,035.80 37,198.62 19,837.18 49,598.19 Operating Expense Professional & Admin 7010 - Management Contract 750.00 750.00 6,750.00 6,750.00 -
otal Owners Equity 201.96 Total Income 4,133.18 (3,931.22) 57,035.80 37,198.62 19,837.18 49,598.19 Operating Expense Professional & Admin 7010 - Management Contract 750.00 750.00 6,750.00 6,750.00 9,000.00 7020 - Annual Tax Return Preparation 27.08 27.08 430.00 243.72 (186.28) 325.00 7160 - Legal Fees 41.67 41.67 226.20 375.03 148.83 500.00 7162 - Legal Fees-General Matters 73.34 (73.34) 7250 - Bank Charges 8.33 8.33 74.97 74.97 100.00 7260 - Postage & Mail 64.89 41.67 (23.22) 578.18 375.03 (203.15) 500.00 7261 - Website 104.95 60.00 (44.95) 584.55 540.00 (44.55) 720.00 7270 - Storage 20.00 20.00 180.00 180.00 240.00 7320 - Office Supplies 20.83 20.83 17.84 187.47 169.63 250.00 7339 - Copies 3.92 20.83 16.91 49.18 187.47 138.29 250.00 7400 - Printing & Reproduction 12.50 12.50 112.50 112.50 150.00 7401 - Community Mailings 25.00 25.00 225.00 225.00 300.00 7402 - Collection Fees (Delinquency Processing Expense) 40.00 54.17 14.17 750.00 487.53 (262.47) 650.00 7411 - Misc G & A (other professional fees) 45.83 45.83 40.00 412.47 372.47 550.00 983.76 1,127.91 144.15 9,679.29 10,151.19 471.90 13,535.00 Total Professional & Admin Social Activities 7015 - Perception a la Carte 833.33 833.33 7,499.97 7,499.97 10,000.00 8030 - Meetings 8.33 8.33 74.97 74.97 100.00 8050 - Holiday Decorations 75.00 75.00 675.00 675.00 900.00 916.66 916.66 8,249.94 8,249.94 11,000.00 Total Social Activities Contract Services 9008 - Landscape Maintenance Contract 696.86 744.17 47.31 6,271.76 6,697.53 425.77 8,930.00 696.86 744.17 47.31 6,271.76 6,697.53 425.77 8,930.00 Total Contract Services Grounds & Maintenance 9003 - Lighting/Electrical Repairs 83.33 83.33 749.97 749.97 1,000.00 9004 - Signage 12.50 12.50 112.50 112.50 150.00
.76 6,697.53 425.77 8,930.00 Total Contract Services Grounds & Maintenance 9003 - Lighting/Electrical Repairs 83.33 83.33 749.97 749.97 1,000.00 9004 - Signage 12.50 12.50 112.50 112.50 150.00 9009 - Irrigation Maintenance 83.33 83.33 2,234.69 749.97 (1,484.72) 1,000.00 Report generated on 10/3/2023 10:22 AM - V3.11 Page 1 Whitestone Crest Homeowners Association, Inc.
Statement of Revenues and Expenses 9/1/2023 - 9/30/2023 Budget Actual Annual Budget Actual Variance Variance Budget Current Period Year To Date Operating Expense 9011 - Landscape Improvement & Repair 3,234.70 125.00 (3,109.70) 3,234.70 1,125.00 (2,109.70) 1,500.00 9020 - Common Area & Misc. Maintenance 41.67 41.67 132.88 375.03 242.15 500.00 9150 - Walls/Fences/Gates 83.33 83.33 749.97 749.97 1,000.00 3,234.70 429.16 (2,805.54) 5,602.27 3,862.44 (1,739.83) 5,150.00 Total Grounds & Maintenance Utilities 8910 - Electric 16.52 21.08 4.56 150.19 189.72 39.53 253.00 8930 - Water & Sewer 247.42 130.92 (116.50) 1,090.41 1,178.28 87.87 1,571.00 263.94 152.00 (111.94) 1,240.60 1,368.00 127.40 1,824.00 Total Utilities Taxes & Insurance 7420 - Property Taxes 6.25 6.25 56.25 56.25 75.00 8610 - Property & Liability 122.16 139.58 17.42 965.62 1,256.22 290.60 1,675.00 8620 - Directors & Officers 170.25 200.00 29.75 1,354.84 1,800.00 445.16 2,400.00 292.41 345.83 53.42 2,320.46 3,112.47 792.01 4,150.00 Total Taxes & Insurance Repair/Replacement Reserves 9900 - Reserve Allocation 416.67 416.67 3,750.03 3,750.03 5,000.00 9910 - Interest on Reserves 4.19 .42 (3.77) 18.02 3.78 (14.24) 5.00 4.19 417.09 412.90 18.02 3,753.81 3,735.79 5,005.00 Total Repair/Replacement Reserves 5,475.86 Total Expense 4,132.82 (1,343.04) 25,132.40 37,195.38 12,062.98 49,594.00 4.19 31,900.16 3.24 31,903.40 (5,274.26) .36
12.90 18.02 3,753.81 3,735.79 5,005.00 Total Repair/Replacement Reserves 5,475.86 Total Expense 4,132.82 (1,343.04) 25,132.40 37,195.38 12,062.98 49,594.00 4.19 31,900.16 3.24 31,903.40 (5,274.26) .36 Operating Net Total (5,273.90) (5,273.90) Net Total .36 (5,274.26) 31,903.40 3.24 31,900.16 4.19 Report generated on 10/3/2023 10:22 AM - V3.11 Page 2