Jun '04 - May 05		Budget		$ Over Budget		% of Budget
	Ordinary Income/Expense
		Income
			Assoc. dues		41,200.00		41,600.00		-400.00		99.04%
			Assoc. dues-discounted		-13,078.60		-15,600.00		2,521.40		83.84%
			Finance Charge Income		359.55
		Total Income			28,480.95		26,000.00		2,480.95		109.54%
		Expense
			Common Area Maintenance
				Lawn Service	5,896.71		7,200.00		-1,303.29		81.9%
				Repairs	257.25		1,059.74		-802.49		24.28%
				Wetlands	485.56
			Total Common Area Maintenance		6,639.52		8,259.74		-1,620.22		80.38%
			Community Events
				Picnic Supplies & Food	214.76
				Meeting Expense	84.94
				Holiday events	300.00
				Community Events - Other	0.00		1,279.92		-1,279.92		0.0%
			Total Community Events		599.70		1,279.92		-680.22		46.85%
			Insurance		3,976.75		3,840.00		136.75		103.56%
			Management Expense
				Administration	1,000.00		2,400.00		-1,400.00		41.67%
				Management Expense - Other	400.00
			Total Management Expense		1,400.00		2,400.00		-1,000.00		58.33%
			Office
				News Letter	581.16
				Postage	145.31
				Supplies	150.67		1,320.00		-1,169.33		11.41%
			Total Office		877.14		1,320.00		-442.86		66.45%
			Professional Fees
				Accounting Services	2,400.00		3,600.00		-1,200.00		66.67%
				Legal Services	1,498.50		1,500.00		-1.50		99.9%
			Total Professional Fees		3,898.50		5,100.00		-1,201.50		76.44%
			Tax		56.00
			Utilities
				Gas & Electric	369.84
				Telephone	56.07		99.96		-43.89		56.09%
				Water	302.47
				Utilities - Other	0.00		1,400.04		-1,400.04		0.0%
			Total Utilities		728.38		1,500.00		-771.62		48.56%
		Total Expense			18,175.99		23,699.66		-5,523.67		76.69%
	Net Ordinary Income				10,304.96		2,300.34		8,004.62		447.98%
	Other Income/Expense
		Other Income
			Int Inc		-26.58
		Total Other Income			-26.58
	Net Other Income				-26.58		0.00		-26.58		100.0%
Net Income					10,278.38		2,300.34		7,978.04		446.82%