INCOME

CD Interest Income

$675.50

Membership Dues

$13,002.00

See Note 1

Miscellaneous Income

$50.00

Newsletter Ad Income

$0.00

Website Income

$35.00

Total Income

$13,762.50

EXPENSES

POA Administration

Bank Service Charges

-$8.00

Contract Labor

$0.00

Donations

$575.00

Insurance

Commercial Umbrella

$866.00

Property, Liability & Crime

$1,328.40

Lien Expense

$24.00

Office Supplies

$156.68

Postage

$92.74

Printing

$66.75

Professional Fees

Legal Fees

$765.00

Taxes

Income Taxes

$255.68

Property Taxes

$2,504.00

See Note 2

Website

$120.24

Total Administration

$6,746.49

Dock & Boat Launch Expenses

See Note 3

Dock Expenses

$208.84

Utilities-Dock

$0.00

Other

$1,815.75

Total Dock & Boat Launch Expenses

$2,024.59

Property & Maintenance

Landscaping Misc

$61.83

Lighting

$75.00

Repairs & Maintenance

$3,671.58

See Note 4

Security

-$200.00

Supplemental Mowing

$1,275.00

Supplies

$92.84

Utilities

$866.91

Total Property & Maintenance

$5,843.16

Total Expense

$14,614.24

NET INCOME

- $851.74

Notes to 2009 Profit and Loss Report:

1)  Membership dues actually received may vary from budget amount.  2009 number ($13,002) includes some back owed payments from prior years and 2010 dues that were received and posted in 2009.

2)  Property taxes ($2,504) include payments for 2009 and 2010.

3) For clarification, the category “Dock and Boat Launch Expenses” is a term that will be used starting with 2010 reporting.  It replaces the 2009 term “Dock Expenses.”  The terms refer to the portion of the dock owned by the POA and to the boat launch ramp also owned by the POA.  For the 2009 expenses, payments were allocated to either dock expenses ($204.84 and $1,815.75); or, to Repairs and Maintenance ($3,671.58) under the category Property & Maintenance. 

4) Further referencing #3 - $1,815.75 is a one-time transfer of funds from the POA to the Dock Owners Committee, representing ½ of the maintenance expenses for the dock during the years 2001-2009.  $3671.58 includes wood protection materials, repair of beaver damage to the boat launch ramp, and repairs to poor work done on the picnic shelter.