Operating Fund Performance

Current Period: August 2026 (YTD)

2025 Archive

Net Operating Income

(YTD Revenue Minus YTD Expenses)

$32,483.12

Self-Sustaining: Regular assessment income easily covers our average monthly operating expenses. We are generating positive cash flow without dipping into reserves.

Operating Cash on Hand

(Combined Operating Bank Accounts)

$43,219.33

Strong Liquidity: We hold ample cash to cover our current ~$12.1k in active payables. This balance safely includes assessments collected for the upcoming month, ensuring a fully funded start to September.

2026 YTD Operating Revenue

100.6% Of Budget

$275,133 YTD Budget

$276,651 YTD Actual

Income Performance

Total YTD Operating Income through August was $276,650.79, which is $1,517.51 over the adjusted budget.

Key Drivers: The favorable income variance originally resulted from strategic planning to build revenue ahead of an anticipated insurance rate increase. However, we successfully secured our 2026-2027 renewal with an 11.4% property rate decrease. To maximize these savings and avoid financing interest, the Board utilized reserve funds to pay the $106,353.11 premium upfront in full. We will use the budgeted operating funds for insurance to systematically replenish the reserve account over a 9-month period this fiscal year. Additionally, water and sewer billbacks are tracking slightly over budget, helping directly offset their respective utility expenses.

*Note: The YTD Budget figure ($275,133) has been adjusted by $33,333.36 to back out the 41320 - Reserve Contributions line. This was budgeted for but correctly excluded from actuals as a non-operational cash transfer.

2026 YTD Operating Expenses

YTD Total Spent

$244,167.67 / $241,145.28 Budget

Currently $3,022.39 Over Budget

Taxes & Insurance

$73,820.93 / $92,548.64

Utilities

$50,594.12 / $53,917.28

Service Contracts

$36,308.64 / $37,853.36

Professional Services

$30,582.78 / $27,185.04

Over Budget Note: Driven by Association Legal Fees ($5,033.50 vs $3,333.36 YTD budget) used to review contracts and update governance documents, and Professional Services ($7,500.00 vs $6,666.64 YTD budget) for the Forensic Consulting retainer. These are front loaded expenses that should balance out over the year.

Repairs & Maintenance

$46,473.01 / $24,397.68

Over Budget Note: Driven primarily by front-loaded Tree Maintenance ($7,417.55 vs $6,066.64 budget), Building Repairs ($7,444.18 vs $0 budget), and Driveways & Sidewalks ($6,015.00 vs $0 budget). These are front loaded expenses and it is anticipated this will balance out through the year.

Administrative Expenses

$6,388.19 / $5,243.28

Over Budget Note: Largely attributed to unbudgeted Legal Billback Expenses ($650.00) which is a pass through expense that is billed back to the owner, and Copies & Postage ($1,038.78 vs $350.00 budget).

Analysis reflects Year-to-Date (August 2026) actuals compared to YTD budget allocations.