Village at Cedar Ridge H.O.A.

Financials - 6 Months to 6/30

Year to Date - 6 Months

6 Months Ending June 30 - Financial Information
Item Name	6 Month Budget	6 Month Actual	6 Month Variance
Property Tax	$0.00	$320.48	Over $320.48
Insurance	$749.50	$431.91	Under $317.59
Electric	$150.00	$34.25	Under $115.75
Water	$250.02	$215.10	Under $34.92
Landscape Contract	5,400.00	$5,319.72	Under $80.28
Landscape Supplies/Extras	$102.00	$408.78	Over $306.78
Landscape Backflow	$49.98	$0.00	Under $49.98
Miscellaneous Expenses (see note 1)	$799.98	$1,792.35	Over $992.37
Management Fees	$4,710.00	$3,794.54	Under $915.46
Tax Preparation and Filing	$100.02	$0.00	Under $100.02
Legal Reserve	$477.00	$0.0	Under $477.00
Provisions for Reserves	$619.98	$1,194.00,	On budget $574.02
Totals: (6 Months YTD)	$13,408.48	$13,511.13	Over $102.65

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	$1,121.40
Signs/Installation	$601.00
Meeting Room Rent	$50.00
Bank Charges	$19.95

Account Balances On 6/24/99
Checking	$2,583.96
Money Market (Reserves)	$2,528.38

Balance - Special Assessment

Balance in Special Assessment Account as of 6/24/99 $3,755.00