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<br />" <br />01/21/03 Profit & Loss Budget vs. Actual <br />January through December 2001 <br /> Jan - Dee '01 Budget $ Over Budget % of Budget <br />Ordinary Income/Expense <br />Income <br />400, Property Taxes 84.835.61 85,089.00 -253.39 99.7% <br />401 . Spec. OWnership Taxes 12,385.80 11.000.00 1,385.80 112.6% <br />402 . Impact Assistance Grant 4.00 <br />424 . Acre Feet Assessment 0.00 <br />426 . Farmer's Irrigation Company 15,168.01 <br />435 . Interest on Checking 6.44 <br />436 . Interest Income 4,004.54 4,600.00 -595.46 87.1% <br />437 . Mise. Income 90.00 <br />450 . federal Grants 0.00 10,000.00 -10,000.00 0.0% <br />Total Income 116,494.40 110,689.00 5,805.40 105.2% <br />Expense <br />510 . Director's Fees 1,125.00 1,600.00 -475.00 70.3% <br />512 . Professional Services 10,593.86 15,000.00 -4,406.14 70.6% <br />515 . Office Exp. & Telephone 5,378.79 5,000.00 378.79 107.6% <br />516 . Insurance ,& Bonds 7,276.39 8,000.00 -723.61 91.0% <br />524. Payroll Taxes 2,864.79 3,000.00 -135.21 95.5% <br />525 . Miscelleanous 5.92 500.00 -494.08 1.2% <br />626 . Treasurer's Fees 1,704.29 4,000.00 -2,295.71 42.6% <br />530 . Salary - Secretary 14,084.77 15,000.00 -915.23 93.9% <br />531 . Salary - Manager 24,750.00 24,750.00 0.00 100.0% <br />540 . Capital Outlay 1,912.07 <br />545 . Debt Service 19,200.00 19,200.00 0.00 100.0% <br />547 . Loan 0.00 <br />548 . Interest 0.00 <br />Total Expense 88,895.88 96,050.00 -7,154.12 92.6% <br />Net Ordinary Income 27,598.52 14,639.00 12,959.52 188.5% <br />other Income/Expense <br />other Expense <br />601 . Transfer to Other Funds 2,610.00 2,610.00 0.00 100.0% <br />620 . Emergency Reserve 0.00 6,000.00 -6,000.00 0.0% <br />700 . Contingency Reserve 0.00 114,709.00 -114,709.00 0.0% <br />Total other Expense 2,610.00 123,319.00 -120.709.00 2.1% <br />Net other Income -2,610.00 -123,319.00 120,709.00 2.1% <br />Net Income 24,988.52 -108,580.00 133,658.52 -23.0% <br /> <br />Page 1 <br />