THOUSAND PEAKS RANCH ASSOCIATION
FINANCIAL REPORT
JULY 1, 2012 THROUGH JUNE 1, 2013
PROFIT & LOSS
July 1, 2012 through June 1, 2013
Ordinary Income/Expense
Income
Annual Dues 37,300.00
Driveway Snow Removal 300.00
Grazing 15,000.00
Late Fees 1,950.00
Non-collectible dues & late fees - 2,450.00
Total Income 52,100.00
Expense
Accounting Fees 1,843.35
Cattle Guards 1,200.00
Contract Labor 3,686.00
Legal Fees 91.20
Materials 2,011.00
Newsletter Expense 271.75
Owner Drive Way Materials -500.00
Postage 62.40
Reconcilliation Discrepancies 1,794.37
Road Maintenance 2,111.50
Road Maintenance Labor 7,497.50
Snow Removal Labor 6,082.92
Snowblower Maintenance Parts 5,421.95
Tax Payment 5,970.00
Total Expenses 37,543.94
Net Ordinary Income 14,556.06
Other Income/Expenses
Other Income
Interest Income 22.29
Total Other Income 22.29
Net Other Income 22.29
Net Income 14,578.35
SUMMARY BALANCE SHEET
As of June 21, 2013
ASSETS
Current Assets
Checking/Savings 48,581.82
Accounts Receivable 49,777.59
Total Current Assets 98,359.41
Total Assets 98,359.41
LIABILITIIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities 20,066.45
Total Current Liabilities 20,066.45
Total Liabilities 20,066.45
Equity 78,292.96
TOTAL LIABILITIES & EQUITY 98,359.41