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Altamont Patio Condo
Statement of Income and Expenses
For the Month Ended August 24, 2006
Dues Operating
Current
Month Year to Date
INCOME
Maintenance Fee Income $ 13,636.24 $ 108,367.38
Fines 25.00 75.00
Laundry 5.00 325.31
Late Charges/NSF Fees 306.24 1,363.31
TOTAL INCOME $ 13,972.48 $ 110,131.00
EXPENSES - REPAIRS & MAINTENANCE
Plumbing-Heating-Electrical $ 113.62 $ 1,304.62
Common Area - Other 434.45
Grounds - Yard Work 874.83 7,458.41
Laundry Supplies & Maintenance 513.80
Swimming Pool Maintenance/Repai 395.40 9,857.19
Building Exterior - Repair 363.00 2,672.40
Building Interior - Repair 1,300.00 4,329.11
Roof Repair 6,656.90
Locks & Keys 3.16
TOTAL REPAIRS & MAINTENANCE $ 3,046.85 $ 33,230.04
EXPENSES - REPLACEMENT
EXPENSES - UTILITIES
Utilities - Electric $ 3,214.87
Utilities - Gas 1,442.32
Utilities - Water/Sewer 5,495.46 32,318.98
TOTAL UTILITIES $ 5,495.46 $ 36,976.17
EXPENSES - PAYROLL
Payroll - Maintenance $ 600.00 $ 4,800.00
Payroll Taxes 64.20 515.00
Workmans Compensation Insurance 59.76 478.08
TOTAL PAYROLL $ 723.96 $ 5,793.08
EXPENSES - GENERAL & ADMINISTRATIVE
Postage $ 59.94 $ 117.99
Insurance 1,300.66 10,405.28
Office Supplies 55.08 108.18
Waste Removal 667.51 2,652.51
Extermination 342.05 2,687.05
Legal 229.79
Miscellaneous Services 1,396.11
Website Expenses 40.00
Paint Replacement Reserves 524.00 4,192.00
Monthly Reserve 524.00 4,192.00
TOTAL GENERAL & ADMINISTRATIVE $ 3,473.24 $ 26,020.91
TOTAL EXPENDITURES $ 12,739.51 $ 102,020.20
Management Fee $ 924.00 $ 7,392.00
NET INCOME (LOSS) $ 308.97 $ 718.80
Altamont Patio Condo
Statement of Income and Expenses
For the Month Ended August 24, 2006
Dues Operating
Current
Month Year to Date
PRIOR BALANCE FROM 12/24/05 $ 36,345.33
ASSOCIATION BALANCE $ 308.97 $ 37,064.13
Previous Total Total Ending
Balance Income Expenses Balance
$ 36,755.16 $ 13,972.48 $ 13,663.51 $ 37,064.13