Lakeshore Company |
|
|
|
|
7:00 PM |
Profit
& Loss |
|
|
|
01/30/2007 |
|
|
|
Cash Basis |
|
Jan - Dec 04 |
Jan - Dec 05 |
Jan - Dec 06 |
Jan - Dec 07 |
Jan - Dec 08 |
|
Ordinary Income/Expense |
|
|
|
|
Income |
|
|
|
|
Assessments |
|
|
|
|
Early Payment |
|
50.00 |
|
|
|
Late Payment |
|
554.00 |
|
|
|
Assessments - Other |
96,546.13 |
92,067.50 |
94,193.29 |
94,520.00 |
94,520.00 |
|
Total Assessments |
96,546.13 |
92,671.50 |
94,193.29 |
94,520.00 |
94,520.00 |
|
From Association for Loan |
4,723.53 |
|
|
24,000.00 |
24,000.00 |
|
Interest Income |
346.60 |
393.94 |
2,922.18 |
7,500.00 |
5,000.00 |
|
Other |
124.30 |
|
|
|
|
|
Total Income |
101,740.56 |
93,065.44 |
97,115.47 |
126,020.00 |
123,520.00 |
|
Expense |
|
|
|
|
Administrative Expenses |
1,360.05 |
1,158.33 |
2,769.40 |
2,500.00 |
2,500.00 |
|
Bank Service Charges |
|
60.00 |
|
|
Dam + Dredge Construction |
75.00 |
15,584.67 |
|
|
|
Insurance |
7,885.28 |
9,170.19 |
9,722.89 |
13,000.00 |
13,000.00 |
|
Interest Expense |
|
0.00 |
13,700.00 |
13,700.00 |
|
Interest Expense - One
Time |
|
0.00 |
10,000.00 |
|
|
Professional Fees |
|
|
|
|
Accounting |
|
450.00 |
475.00 |
500.00 |
500.00 |
|
Admin |
3,359.77 |
|
0.00 |
|
|
Engineering |
45,794.20 |
16,256.13 |
0.00 |
|
|
Legal Fees |
|
331.20 |
|
|
Professional Fees - Other |
|
|
0.00 |
14,500.00 |
|
|
Total Professional Fees |
49,153.97 |
16,706.13 |
806.20 |
15,000.00 |
500.00 |
|
Tax - Property |
30,690.47 |
32,159.97 |
32,640.64 |
35,000.00 |
35,000.00 |
|
Water Operations |
|
|
|
|
Repair & Maintenance |
14,641.85 |
3,932.00 |
3,867.27 |
8,000.00 |
4,000.00 |
|
Utilities |
3,952.14 |
4,529.41 |
3,647.40 |
6,000.00 |
6,000.00 |
|
Water Quality (AGRA) |
10,428.50 |
12,788.23 |
15,320.74 |
16,000.00 |
16,000.00 |
|
Water Operations - Other |
|
|
955.38 |
1,000.00 |
1,000.00 |
|
Total Water Operations |
29,022.49 |
21,249.64 |
23,790.79 |
31,000.00 |
27,000.00 |
|
Total Expense |
118,187.26 |
96,028.93 |
69,789.92 |
120,200.00 |
91,700.00 |
|
Net Ordinary Income |
-16,446.70 |
-2,963.49 |
27,325.55 |
5,820.00 |
31,820.00 |
|
Other Income/Expense |
|
|
|
|
Other Expense |
|
|
|
|
Depreciation |
|
19,500.00 |
26,000.00 |
26,000.00 |
|
Fund Water Improvements
Reserve |
|
0.00 |
35,000.00 |
|
|
Tax - Income |
18,214.60 |
-6,320.00 |
-3,160.00 |
|
|
To Association |
|
|
0.00 |
44,593.26 |
|
|
Total Other Expense |
18,214.60 |
-6,320.00 |
16,340.00 |
105,593.26 |
26,000.00 |
|
Net Other Income |
-18,214.60 |
6,320.00 |
-16,340.00 |
-105,593.26 |
-26,000.00 |
Net
Income |
|
-34,661.30 |
3,356.51 |
10,985.55 |
-99,773.26 |
5,820.00 |
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