Lakeshore Landing Homeowners Association Budget for Fiscal Year June 2013-May 2014 PROPOSED INCOME 2013-2014 PROPOSED EXPENSE 2013-2014 PROPOSED RESERVES CLASS Common Fees $44,280 $30,375 $13,905 East Lake Road/Way 6,877 3,500 3,377 Common Driveway - - - Sunset Court Exp. 2,000 1,750 350 $53,157 $35,625 $17,632 Fiscal Year June 2012-May 2013 Proposed Fiscal year June 2013- May 2014 As of August 31, 2013 Income Common Fees $30,092 $44,280 $10,980 Sunset Court Fees 1,167 2,000 500 Common Driveway Fees 750 - - East Lake Road/Way Fees 5,564 6,877 1,688 Dividend/Interest Income 19 20 6 Total Income $37,592 $52,677 $13,174 COMMON ADMINISTRATIVE EXPENSES Taxes- Property $9,058 $9,500 $820 Taxes- Income 23 25 104 Social Committee 265 400 224 Accounting Fees 3,637 4,000 - Insurance Expense 4,030 3,300 772 Bank/Vanco Charges 328 110 37 Annual Meeting and Board Election 1,231 1,300 726 Other Administrative Expenses 637 850 20 Total Common Administrative Expenses $19,209 $19,475 $2,703 COMMON PROPERTY EXPENSES Porta John $489 $500 $0 Permanent site Porta John - 2,000 238 Electric and Lighting 865 600 407 Drainage System 1,545 - - Lawn Mowing 3,660 3,800 2,970 Landscaping - 2,000 323 Dock/Boat Launch 3,600 0 NYSEG - - 41 Contingency - 2,000 - Total Common Property Expenses $10,159 $10,900 $3,979 PRIVATE ROAD EXPENSE East Lake Road/Way-Snow plowing $3,400 $3,500 $0.00 Common Driveway-Snow plowing 50 - Sunset Court Exp.-Snow plowing 1,550 1,500 - Road core sample 200 - Total Private Road Expenses $5,200 $5,000 $0 Net income (loss) $3,024 $17,302 $6,492 1
3:55 PM Lakeshore Landing Homeowners Association, Inc. 09/20/13 Balance Sheet by Class Accrual Basis As of August 31, 2013 Common Common Driveway East Lake Road/Way Sunset Court Unclassified TOTAL ASSETS Current Assets Checking/Savings Five Star Checking 12,846.62 0.00 1,337.34 468.90 0.00 14,652.86 Five Star Savings 36,137.21 2,617.00 20,534.00 759.00 0.00 60,047.21 Total Checking/Savings 48,983.83 2,617.00 21,871.34 1,227.90 0.00 74,700.07 Accounts Receivable Accounts Receivable -11,234.23 0.00-1,587.84-480.09 0.00-13,302.16 Total Accounts Receivable -11,234.23 0.00-1,587.84-480.09 0.00-13,302.16 Other Current Assets Prepaid Insurance 1,801.73 0.00 0.00 0.00 0.00 1,801.73 Prepaid Property Taxes Prepaid Property Taxes - County 1,092.76 0.00 0.00 0.00 0.00 1,092.76 Total Prepaid Property Taxes 1,092.76 0.00 0.00 0.00 0.00 1,092.76 Total Other Current Assets 2,894.49 0.00 0.00 0.00 0.00 2,894.49 Total Current Assets 40,644.09 2,617.00 20,283.50 747.81 0.00 64,292.40 TOTAL ASSETS 40,644.09 2,617.00 20,283.50 747.81 0.00 64,292.40 LIABILITIES & EQUITY Equity Opening Balance Equity 36,338.25 2,617.00 18,595.46 247.65 0.00 57,798.36 Net Income 4,305.84 0.00 1,688.04 500.16 0.00 6,494.04 Total Equity 40,644.09 2,617.00 20,283.50 747.81 0.00 64,292.40 TOTAL LIABILITIES & EQUITY 40,644.09 2,617.00 20,283.50 747.81 0.00 64,292.40 2 Page 1
3:55 PM Lakeshore Landing Homeowners Association, Inc. 09/20/13 Profit & Loss by Class Accrual Basis June through August 2013 Common East Lake Road/Way Sunset Court TOTAL Ordinary Income/Expense Income Dividend/Interest Income 6.24 0.00 0.00 6.24 Membership Dues 10,980.00 1,688.04 500.16 13,168.20 Total Income 10,986.24 1,688.04 500.16 13,174.44 Gross Profit 10,986.24 1,688.04 500.16 13,174.44 Expense Annual Meeting Location & Meal 520.00 0.00 0.00 520.00 Printing 46.08 0.00 0.00 46.08 Annual Meeting - Other 159.97 0.00 0.00 159.97 Total Annual Meeting 726.05 0.00 0.00 726.05 Board/Admin Expenses Bank/Vanco Charges 36.50 0.00 0.00 36.50 Insurance Expense - D&O 178.26 0.00 0.00 178.26 Liens 20.00 0.00 0.00 20.00 Total Board/Admin Expenses 234.76 0.00 0.00 234.76 Common Admin Expenses Social Committee 223.73 0.00 0.00 223.73 Taxes-Corporate Income 104.00 0.00 0.00 104.00 Taxes - County/Town 819.57 0.00 0.00 819.57 Total Common Admin Expenses 1,147.30 0.00 0.00 1,147.30 Insurance Expense - Property 593.91 0.00 0.00 593.91 Porta John 237.80 0.00 0.00 237.80 Repairs and Maintenance Electric & Lighting 407.00 0.00 0.00 407.00 Landscaping 322.50 0.00 0.00 322.50 Lawn Mowing 2,970.00 0.00 0.00 2,970.00 Total Repairs and Maintenance 3,699.50 0.00 0.00 3,699.50 Utilities NYSEG 41.08 0.00 0.00 41.08 Total Utilities 41.08 0.00 0.00 41.08 Total Expense 6,680.40 0.00 0.00 6,680.40 Net Ordinary Income 4,305.84 1,688.04 500.16 6,494.04 Net Income 4,305.84 1,688.04 500.16 6,494.04 3 Page 1
3:56 PM Lakeshore Landing Homeowners Association, Inc. 09/20/13 Profit & Loss by Class Accrual Basis August 2013 Common East Lake Road/Way Sunset Court TOTAL Ordinary Income/Expense Income Membership Dues 3,660.00 562.68 166.72 4,389.40 Total Income 3,660.00 562.68 166.72 4,389.40 Gross Profit 3,660.00 562.68 166.72 4,389.40 Expense Annual Meeting Location & Meal 520.00 0.00 0.00 520.00 Printing 46.08 0.00 0.00 46.08 Total Annual Meeting 566.08 0.00 0.00 566.08 Board/Admin Expenses Bank/Vanco Charges 10.25 0.00 0.00 10.25 Insurance Expense - D&O 59.42 0.00 0.00 59.42 Liens 20.00 0.00 0.00 20.00 Total Board/Admin Expenses 89.67 0.00 0.00 89.67 Common Admin Expenses Social Committee 80.18 0.00 0.00 80.18 Taxes-Corporate Income 104.00 0.00 0.00 104.00 Taxes - County/Town 273.19 0.00 0.00 273.19 Total Common Admin Expenses 457.37 0.00 0.00 457.37 Insurance Expense - Property 197.97 0.00 0.00 197.97 Porta John 237.80 0.00 0.00 237.80 Repairs and Maintenance Lawn Mowing 480.00 0.00 0.00 480.00 Total Repairs and Maintenance 480.00 0.00 0.00 480.00 Utilities NYSEG 21.28 0.00 0.00 21.28 Total Utilities 21.28 0.00 0.00 21.28 Total Expense 2,050.17 0.00 0.00 2,050.17 Net Ordinary Income 1,609.83 562.68 166.72 2,339.23 Net Income 1,609.83 562.68 166.72 2,339.23 4 Page 1
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LAKESHORE LANDING HOMEOWNERS ASSOC 5738B LAKE HILL DR ROMULUS NY 14541-5023 Date 8/29/13 Page 1 Account Number_ @XXXXXXXXXX@0191 4 C H E C K I N G A C C O U N T S LAKESHORE LANDING HOMEOWNERS ASSOC Free Business Checking 4 Account Number @XXXXXXXXXX@0191 Statement Dates 7/31/13 thru 8/29/13 Beginning Balance 25,241.05 Days in the Statement Period 30 3 Deposits/Credits 3,179.22 Average Ledger 25,679.99 7 Checks/Debits 11,108.61 Average Collected 25,636.17 Service Charge.00 Interest Credited.00 Ending Balance 17,311.66 DEPOSITS AND CREDITS Date Description Amount 8/01 E.SERVICE VANCO SERVICES 1,684.60 XX012SVE12M26F CCD 8/07 DEPOSIT 993.78 8/27 DEPOSIT 500.84 WITHDRAWALS AND DEBITS (NON CHECK) Date Description Amount 8/01 NYSEG BILLNYSEG 21.28-010012157722 CCD 8/15 INVOICE VANCO SERVICES 10.25- XI0D2SXP12FX7 CCD 8/26 Transf to SAVINGS 10,000.00- Confirmation number 826131731 CHECKS Date Number Amount Date Number Amount 8/02 2602 407.00 8/20 2605 520.00 8/08 2604* 46.08 8/14 2606 104.00 * INDICATES MISSING CHECK NUMBER 6
Free Business Checking @XXXXXXXXXX@0191 (Continued) Date 8/29/13 Page 2 Account Number_ @XXXXXXXXXX@0191 4 DAILY BALANCE INFORMATION Date Balance Date Balance Date Balance 7/31 25,241.05 8/08 27,445.07 8/26 16,810.82 8/01 26,904.37 8/14 27,341.07 8/27 17,311.66 8/02 26,497.37 8/15 27,330.82 8/07 27,491.15 8/20 26,810.82 E N D O F S T A T E M E N T 7
4:02 PM Lakeshore Landing Homeowners Association, Inc. 09/18/13 Reconciliation Summary Five Star Savings, Period Ending 09/02/2013 Sep 2, 13 Beginning Balance 50,047.21 Cleared Transactions Deposits and Credits - 1 item 10,000.00 Total Cleared Transactions 10,000.00 Cleared Balance 60,047.21 Register Balance as of 09/02/2013 60,047.21 Ending Balance 60,047.21 8 Page 1
Date 8/30/13 Page 1 Account Number_ @XXXXXXXXXX@4961 LAKESHORE LANDING HOMEOWNERS ASSOC 5738B LAKE HILL DR ROMULUS NY 14541-5023 S A V I N G S A C C O U N T S LAKESHORE LANDING HOMEOWNERS ASSOC * REGULATION E * Statement Savings 0 Account Number @XXXXXXXXXX@4961 Statement Dates 7/01/13 thru 9/02/13 Beginning Balance 50,047.21 Days in the Statement Period 64 1 Deposits/Credits 10,000.00 Average Ledger 52,471.45 Checks/Debits.00 Average Collected 52,471.45 Service Charge.00 Interest Earned 4.50 Interest Credited.00 Annual Percentage Yield Earned 0.05% Ending Balance 60,047.21 2013 Interest Paid 12.41 DEPOSITS AND CREDITS Date Description Amount 8/26 Trsf from CHECKING 10,000.00 Confirmation number 826131731 DAILY BALANCE INFORMATION Date Balance Date Balance 7/01 50,047.21 8/26 60,047.21 INTEREST RATE SUMMARY Date Rate 6/30 0.050000% E N D O F S T A T E M E N T 9