Summary of Revenue and Expense [Unaudited]
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For The Month Ending March, 2008
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3 Months Financial Results
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SUN LAKES HOA 3
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FINANCIAL REPORT-MARCH 2008
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THREE MONTHS CUMLATIVE FINANCIAL RESULTS
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2008 3 Months
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Actual
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Fav/(Unfav)
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Actual
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Budget
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To Budget
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REVENUE:
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$
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$
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$
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Homeowner Dues
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Operating Fund
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1,201,643
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1,205,300
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(3,657)
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Other Income
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61,201
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61,800
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(599)
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Interest Income
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10,382
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16,500
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(6,118)
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Total Revenue
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1,273,226
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1,283,600
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(10,374)
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EXPENSES-NET:
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Restaurant
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74,250
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66,685
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(7,565)
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Clubhouse
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94,337
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96,505
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2,168
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Common Areas
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278,907
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319,154
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40,247
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Pools
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76,489
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65,580
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(10,909)
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Private Roads
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13,369
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9,408
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(3,961)
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Patrol
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68,378
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67,278
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(1,100)
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Gates
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49,102
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59,931
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10,829
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G & A
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Administrative Svcs
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42,445
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42,300
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(145)
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Wages
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66,637
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75,522
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8,885
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All Other
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107,917
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86,254
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(21,663)
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Recreation
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49,006
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54,987
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5,981
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Tennis & Ball Field
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1,697
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2,490
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793
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Total Expenses
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922,534
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946,094
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23,560
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EXCESS OF REVENUE
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OVER EXPENSES
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350,692
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337,506
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13,186
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Capital Expenditures
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54,177
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170,200
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xxx
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Transfer To Reserve Fund
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249,999
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250,729
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xxx
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(Expenses Exclude Depreciation)
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(Prepared By Finance Committee)
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COMMENTS ON VARIANCES
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