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2008 Year-End Statement and 2009 Budget
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Silver Beach Association |
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9/3/08 |
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2008 Financial Results |
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2009 Proposed Budget |
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Budget |
Budget |
Actual |
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2009 |
2008 |
2008 |
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Members |
297 |
290 |
296 |
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Income |
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4000 · Income |
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4020 · Dues |
103,950 |
101,500 |
103,600 |
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4025 · Late Fees |
500 |
700 |
650 |
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4030 · New Membership Fees |
4,200 |
4,200 |
9,100 |
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4031 · Member Assessment |
0 |
0 |
0 |
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4040 · Beach Badge Sales |
25,000 |
29,000 |
26,191 |
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4045 · Beach Badge Member Extra |
4,000 |
3,500 |
4,100 |
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4050 · Tennis Club |
3,000 |
2,250 |
3,150 |
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4055 Tennis Fees |
0 |
0 |
10 |
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4060 · Recreation |
2,000 |
2,000 |
3,094 |
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4065 · Donations |
0 |
0 |
0 |
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4080 · Miscellaneous |
0 |
0 |
0 |
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4510 · Interest Income |
2,400 |
2,400 |
2,290 |
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4063 - Donation Projector |
0 |
0 |
1,648 |
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4064 - Donation Wheel Chair |
0 |
0 |
2,898 |
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4067 - Donation Playground Slide |
0 |
0 |
475 |
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Total 4000 · Income |
145,050 |
145,550 |
157,206 |
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Total Income |
145,050 |
145,550 |
157,206 |
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Expense |
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Total 5000 · Administration |
3,940 |
3,940 |
3,472 |
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Total 5100 · Utilities |
650 |
650 |
594 |
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Total 5200 · Insurance |
24,000 |
31,125 |
23,134 |
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Total 5300 · Taxes |
9,000 |
7,500 |
5,895 |
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Total 6000 · Operating Expense |
1,150 |
1,080 |
1,050 |
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Total 6100 · Bank Fees |
0 |
75 |
0 |
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Total 6200 · Recreation Expense |
2,900 |
2,900 |
2,684 |
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Total 6300 · Salaries |
62,309 |
62,809 |
64,111 |
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Total 6400 · Professional Fees |
3,500 |
3,300 |
2,325 |
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Total 6600 · Beach Preservation |
18,100 |
17,050 |
17,426 |
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Total 6640 · Badge House |
1,500 |
500 |
0 |
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Total 6700 · Bay Beach |
3,500 |
2,900 |
7,068 |
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Total 6800 · Ocean Beach Operation |
13,155 |
3,500 |
4,187 |
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Total 6900 · Tennis Club Operation |
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925 |
800 |
118 |
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Total Operating Expenses |
144,629 |
138,129 |
132,064 |
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7000 · Capital Expense |
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'08 Cap /Ex - Bay Beach Seining Net |
0 |
2,000 |
0 |
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'08 Cap /Ex - O. B. Guard Stands |
0 |
1,000 |
0 |
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'08 Cap /Ex - Sand Wheelchair |
0 |
1,000 |
2,755 |
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'08 Cap /Ex - Dune Planting/Repairs |
0 |
0 |
0 |
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'08 Cap Ex - SB Sign Repairs |
0 |
0 |
700 |
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7041 - Keep off Dune Signs |
0 |
0 |
165 |
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'09 Cap Ex.- Beach Projector * |
2,300 |
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'09 Cap Ex. - Bay Beach Slide * |
5,000 |
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Total 7000 · Capital Expense |
7,300 |
4,000 |
3,620 |
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Total Expense and Cap Ex. |
151,929 |
142,129 |
135,684 |
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Net Cash Flow To (From) Reserves: |
(6,879) |
3,421 |
21,522 |
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* Projector to Be funded from $1.65k donations in reserve and '09 Donations. |
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New Slide to be funded from $450 donations in reserve and '09 Donations. |
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Cash flow from reserves will be reduced by any '09 donations received. |
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Reserves |
Sep 30, 07 |
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Sept 3, 08 |
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Current Assets |
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1020 · Checking - Cap Acct Wachovia |
29,019 |
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45,330 |
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1067 · CD - Wachovia - Reserve |
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41,338 |
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1072 · MM Wachovia Reserve |
60,801 |
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20,941 |
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1074 · CD Tennis Club Reserve Fund |
20,690 |
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24,424 |
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Total Checking/Savings |
110,510 |
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132,032 |
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Change in Reserve Balance: |
21,522 |
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