Four Annual Reports for 2012
The four following reports are the fiscal report for the year 2012. These reports are in a draft state now to be approved by the Board in February or March and to be finally accepted by the membership at the May Membership meeting.
The association budget is divided into two parts the Water Fund (WF) and the General Fund (GF). These budgets are managed separately except at the bank where all funds are kept in a common account.
Budget vs. Actual *General Fund*
This document shows the budget for each expense category and the actual charges against that category in 2012.
Note that we budgeted and projected to collect $65,741 and actually spent $62,862, so we under spent the General Fund budget in 2012 by $2879.
Budget vs. Actual *Water Fund*
This report shows the budget for each expense category and the actual charges against that category in 2012.
Note that we budgeted to expend $80,990 and actually spent $56,608 so we under spent the water fund budget in 2012 by $24,381.
Most of this under spending is a result of not being able to complete elements of our strategic planning. This work still needs to be done and those expenses and budget will be carried over into 2013.
Transaction Detail By Account *General Fund*
This report shows every financial transaction from 2012 within the General Fund.
Transaction Detail By Account *Water Fund*
This report shows every financial transaction from 2012 within the Water Fund.
End of the Year Bank Balance
On January 1, 2012, the LRAA bank balance was $120,793
On December 31 2012, the LRAA bank balance was $141,249.16.
Of this $25,000 is committed to the General Fund reserve.
Of this $50,000 is committed to the Water Fund reserve.
Of this $13,500 (Apx.) remains encumbered with unfinished water strategic plan work.
This leaves a surplus balance of about $52,749