Village at Cedar Ridge H.O.A.

Financials Through July 1999

July Financial Summary

7 Months Ending July 24 - Financial Information
Item Name	7 Month Budget	7 Month Actual	7 Month Variance
Property Tax	$0.00	$673.02	Over $673,02
Insurance	$874.44	$503.91	Under $370.53
Electric	$175.00	$50.93	Under $124.07
Water	$291.69	$215.10	Under $76.59
Landscape Contract	6,300.00	$6,206.34	Under $93.66
Landscape Supplies/Extras	$119.00	$408.78	Over $289.78
Landscape Backflow	$58.31	$0.00	Under $58.31
Miscellaneous Expenses (see note 1)	$933.31	$2,307.64	Over $1,374.33
Management Fees	$5,495.00	$4,455.13	Under $1,039.87
Tax Preparation and Filing	$116.69	$0.00	Under $116.69
Legal Reserve	$556.50	$616.83	Over $60.33
Provisions for Reserves	$723.31	$1,194.00	Over $470.69
Totals: (7 Months YTD)	$15,643.25	$16,631.68	Over $988.43

As you can see, a number of the variances are actually just accrual accounts where money is being put aside until such time as the bill(s) for that item come in.

^{Note 1:}

Printing, postage, special services	$1,476.69
Signs/Installation	$751.00
Meeting Room Rent	$50.00
Bank Charges	$29.95

Account Balances On7/24/99
Checking	$3,579.40
Money Market (Reserves)	$3,035.07
Special Assessment	$5,702.75