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Altamont Patio Condo
Statement of Income and Expenses
For the Month Ended June 24, 2006
Dues Operating
Current
Month Year to Date
INCOME
Maintenance Fee Income $ 12,871.59 $ 82,212.49
Fines 25.00 25.00
Laundry 5.00 243.96
Late Charges/NSF Fees 175.57 917.07
TOTAL INCOME $ 13,077.16 $ 83,398.52
EXPENSES - REPAIRS & MAINTENANCE
Plumbing-Heating-Electrical $ 186.90 $ 1,100.75
Common Area - Other 247.50 434.45
Grounds - Yard Work 2,603.73 6,501.77
Laundry Supplies & Maintenance 403.80
Swimming Pool Maintenance/Repai 376.33 8,954.66
Building Exterior - Repair 800.00 2,092.51
Building Interior - Repair 389.45
Roof Repair 96.90 6,656.90
TOTAL REPAIRS & MAINTENANCE $ 4,311.36 $ 26,534.29
EXPENSES - REPLACEMENT
EXPENSES - UTILITIES
Utilities - Electric $ 451.62 $ 2,777.81
Utilities - Gas 109.11 1,352.29
Utilities - Water/Sewer 4,682.51 22,876.13
TOTAL UTILITIES $ 5,243.24 $ 27,006.23
EXPENSES - PAYROLL
Payroll - Maintenance $ 600.00 $ 3,600.00
Payroll Taxes 64.20 386.60
Workmans' Compensation Insurance 59.76 358.56
TOTAL PAYROLL $ 723.96 $ 4,345.16
EXPENSES - GENERAL & ADMINISTRATIVE
Postage $ 58.05
Insurance 1,300.66 7,803.96
Office Supplies 53.10
Waste Removal 371.42 1,985.00
Extermination 2,010.00
Legal (358.01) 229.79
Miscellaneous Services 82.19 1,396.11
Website Expenses 40.00
Paint Replacement Reserves 524.00 3,144.00
Monthly Reserve 524.00 3,144.00
TOTAL GENERAL & ADMINISTRATIVE $ 2,444.26 $ 19,864.01
TOTAL EXPENDITURES $ 12,722.82 $ 77,749.69
Management Fee $ 924.00 $ 5,544.00
NET INCOME (LOSS) $ (569.66) $ 104.83
Altamont Patio Condo
Statement of Income and Expenses
For the Month Ended June 24, 2006
Dues Operating
Current
Month Year to Date
PRIOR BALANCE FROM 12/24/05 $ 36,345.33
ASSOCIATION BALANCE $ (569.66) $ 36,450.16
Previous Total Total Ending
Balance Income Expenses Balance
$ 37,019.82 $ 13,077.16 $ 13,646.82 $ 36,450.16