ARCADIA PARK HOMEOWNERS ASSOCIATION ("APHA")
Budget Estimate to Actual Calendar Year 2007
		Budget		Actual
Income
	Dues Income (181 homes @ $315)	$57,015.00		$ 57,215.00
	Interest Income	$           -		$      223.77
	Replacement of Mailboxes			$     (377.58)
	Total Income	$57,015.00		$ 57,061.19
Maintenance
	Grounds & Lawn Maintenance	$17,000.00		$ 17,340.00
	Landscape Extras(fertilizers)	$  2,500.00		$      604.00
	Snow	$  8,000.00		$   4,235.00
	Sprinkler System Maintenance	$  1,000.00		$      739.10
	Electrical Maintenance	$     500.00		$      529.91
	Miscellaneous (Pond/Fountain)	$  7,000.00		$   3,317.90
	Grounds Improvements	$  1,000.00		$      800.00
	Dead Tree Removals	$           -		$   7,023.55
	Repairs(Mailbox,fence,water valve)	$           -		$      471.93
Utilities
	Electric	$  5,000.00		$   2,873.46
	Water	$  5,000.00		$   4,024.01
Insurance & Taxes
	Property & Liability	$  4,500.00		$   3,482.00
Administrative
	Management Services	$           -		$             -
	Postage & Printing	$     500.00		$      642.87
	Web site/logo	$     250.00		$      293.85
	Office Supplies	$     150.00		$      280.12
	Accounting Fees	$     400.00		$      300.00
	Legal Fees	$     400.00		$             -
	Bank Service Charge	$     100.00		$             -
	Miscellaneous	$     500.00		$             -
	Meeting Expense	$     500.00		$             -
	Social Subsidy	$  1,000.00		$      405.54
	Total Expenses	$55,300.00		$ 47,363.24
	2006 Operating Surplus	$  1,715.00		$   9,697.95
	less: Required Reserve 10%	$ (5,701.50)		$  (5,701.50)
	plus: cash balance as of 12/31/07	$  2,656.03		$ 15,345.36
	less: Pond Improvement Fund			$(10,000.00)
	Year End Surplus/(Deficit)	$ (1,330.47)		$   9,341.81
	Cost per Home	$       (7.35)		$        51.61