Sunday, April 4, 2010

Tenaya Estates Fiscal Report through April 1, 2010

Tenaya Estates Fiscal Report 4/03/10
For the period 7/1/09 to 4/1/10

Income
County Reimbursement $21,117.35
Donations 425.00
Expense Refund 200.00
Total Income $21,742.35

Expenses
Park Maintenance $11,250.00
Facilities and Grounds Repair 2,839.03
New Trees 672.00
Irrigation Water Expense 1,414.15
Electricity Expense 671.66
Liability Insurance 1,361.86
Administration Expense 410.00
Total Expenses $18,618.70

Balance in bank at 6/30/09 $ 7,045.29
Deposits from Income 21,742.35
Total Expenses (18,618.70)
Present Balance in Bank $10,168.94

Final Reimbursement from County for this Fiscal Year $ 5,012.76
Balance of funds available in County contract 5,023.87
Total Funds available (Money in bank plus final reimbursement) $15,181.70

Expected Expenses for 3 months remaining.
March – June Maintenance $5,000.00
Repair 1,000.00
Irrigation Water 2,000.00
Electricity 500.00
Administration 600.00
Total $9,100.00 (9,100.00)
Expected funds at Fiscal Year end $ 6,081.70

Special Note: During transition from County to Tenaya as bill payor, the County paid two bills to the city of Fresno for irrigation water that were later charged to our contract thus reducing funds available. We took over on paying all bills on 7/1/09 and they hadn’t paid for the 4/15/09 to 6/15/09 water bill which amounted to $1,581.65. Later in the year they mistakenly paid the 6/15/09 to 8/15/09 bill which amounted to $2,358.78. The total charged to our account was therefore $3,940.43. We are responsible for irrigation water and electricity expenses as part of our contract.