Consolidated Financial Summary
All Budgets & Actuals Originated From Premier	2002 Actual		2003 Budget	2003 Actual		2004	2004	2004 Actual		2005 Budget
						Original Budget	Revised Budget
INCOME
Shortfall Income	$10,399			$14,014
HOA Assessments	$23,606		$46,980	$36,520		62,100	$70,992	$66,700		$95,670
Legal Collections & Late Fees	$264		$400	$2,676			$2,750	$1,600		$1,600
Other Income	$10
TOTAL INCOME	$34,279		$47,380	$53,210		62,100	$73,742	$68,300		97,270
EXPENSES
Water	$7,927		$7,500	$13,999		12,500	$16,000	$7,360		$10,000
Electric	$163		$150	$572		400	$650	$460		$700
Landscape Maintenance	$9,558		$9,564	$20,220		25,170	$31,050	$19,320		$20,000
Landscape Improvements	$3,416		$3,000	$1,589		2,000	$3,200			$1,000
Rough Mowing / Detention Area								$4,762		$9,000
Irrigation Repairs	$411		$200	$673		600	$1,000	$864		$1,000
Holiday Décor / Seasonal Color			$100					$2,260		$6,000
Common Areas			$300	$260		500	$750	$700		$1,000
Administrative Supplies	$1,315		$1,400	$1,066		1,300	$1,400			$2,400
Annual Audit & Tax Return	$220		$300	$1,170		1,200	$1,250	$1,150		$1,250
Legal & Collection Fees			$150	$2,443		1,000	$2,500	$700		$1,000
Social Committee			$800			1,000	$1,000	$500		$2,000
Safety Committee			$800			500	$500
Landscape Committee										$500
Newsletter	$208		$300	$363		1,000	$1,000	$500		$1,000
Misc Admin Fees / Meeting Rooms	$24		$50					$2,752		$250
Management Fees	$9,300		$8,400	$10,200		11,000	$10,200	$10,200		$11,538
Directors & Officers Insurance	$960		$960	$1,455		1,257	$1,600	$1,601		$1,760
Property Insurance	$641		$2,445	$1,960		1,960	$2,100	$1,957		$2,150
Property Tax			$25			25		$75		$75
TOTAL EXPENSES	$34,143		$36,444	$55,970		61,412	$74,200	$55,161		$72,623
Net Income / Deficit	$136		$10,936	($2,760)		$688	($458)	$13,139		$24,647