Jun '04 - May 05		Budget		$ Over Budget		% of Budget
	Ordinary Income/Expense
		Income
			interest income		41.67
			Assoc. dues		41,200.00		41,600.00		-400.00		99.04%
			Assoc. dues-discounted		-13,163.60		-15,600.00		2,436.40		84.38%
			Finance Charge Income		656.94
			Legal Fees income		-230.00
		Total Income			28,505.01		26,000.00		2,505.01		109.64%
		Expense
			Common Area Maintenance
				Improvements	1,002.68
				Lawn Service	9,166.58		7,200.00		1,966.58		127.31%
				Plants	2,686.71
				Repairs	438.39		1,059.74		-621.35		41.37%
				Wetlands	1,348.76
			Total Common Area Maintenance		14,643.12		8,259.74		6,383.38		177.28%
			Community Events
				Picnic Supplies & Food	214.76
				Meeting Expense	112.60
				Holiday events	548.70
				Community Events - Other	31.16		1,279.92		-1,248.76		2.44%
			Total Community Events		907.22		1,279.92		-372.70		70.88%
			Insurance		3,803.00		3,840.00		-37.00		99.04%
			Management Expense
				Administration	1,400.00		2,400.00		-1,000.00		58.33%
			Total Management Expense		1,400.00		2,400.00		-1,000.00		58.33%
			Office
				Website	169.25
				News Letter	715.92
				Copy's	20.00
				Postage	145.31
				Supplies	216.94		1,320.00		-1,103.06		16.44%
				Office - Other	50.05
			Total Office		1,317.47		1,320.00		-2.53		99.81%
			Professional Fees
				Accounting Services	3,600.00		3,600.00		0.00		100.0%
				Legal Services	1,699.00		1,500.00		199.00		113.27%
			Total Professional Fees		5,299.00		5,100.00		199.00		103.9%
			Tax		56.00
			Utilities
				Gas & Electric	369.84
				Telephone	92.21		99.96		-7.75		92.25%
				Water	363.56
				Utilities - Other	243.81		1,400.04		-1,156.23		17.42%
			Total Utilities		1,069.42		1,500.00		-430.58		71.3%
		Total Expense			28,495.23		23,699.66		4,795.57		120.24%
	Net Ordinary Income				9.78		2,300.34		-2,290.56		0.43%
	Other Income/Expense
		Other Income
			Int Inc		-17.36
		Total Other Income			-17.36
	Net Other Income				-17.36		0.00		-17.36		100.0%
Net Income					-7.58		2,300.34		-2,307.92		-0.33%