1998-1999 spending summary
	South Cove Homeowners Association
	Budget Review 1998-1999
	November 1, 1998 - October 31,1999
Income	Actual		Budget		Difference
Dues Income
98-99 Dues	$  4,535		$  5,250		$         (715)		1998-1999 Dues Not Paid in 1998
99-2000 Dues	39,900		50,400		-10500		1999-2000 dues paid by Oct 30,1999
Total Dues	44,435		55,650		-11215		Assumed all 1999 would be paid
Interest Income	332		450		-118		From Checking and CD's
Other Income	1,080				1080		Unusual Settlement included
Total Income	$45,847		$56,100		$     (10,253)
Expenses
Grounds
Beach	1,300		1,000		$           300		New Sand and Clean-up in Spring
Entrances	225		0		225		New Landscape Design Main Entrance
Grounds Other			20,000		-20000
Mailbox Stands	5,623		1,000		4623		Update Mailbox Stands
Maintenance	23,122		22,000		1122		Primarily Monthly Park Maintenance
Paths			0		0		New Section of Path completed Nov.
Playground	1,556		100		1456		Will Replace Worn Gym Toy ( 2000-2001)
Repairs	124		400		-276		Miscellaneous Repairs
Security Patrol			0		0		King County Patrol
Signs	1,928		0		1928		New Entrance, Park and Tennis Signs
Water	1,416		1,900		-484		Annual Water Bill
Total Grounds	35,295		46,400		-11105
Tennis Courts
Keys			200		-200		Key Charge
Maintenance	531		450		81		Power Washing, Locks, etc
Repairs			1,000		-1000
Total Tennis Court	531		1,650		-1119
Events
Easter	390		400		-10		Food and Prizes
4th of July	1,204		800		404		Food, Clowns, etc
Garage Sale	108		0		108		Signs and Advertising
Total Events	1,703		1,200		503
Communications
Box Rental	64		60		4		P.O. Box
Newsletter	797		500		297		Fee for Quarterly and Annual Newsletters
Total Communications	861		560		301
Insurance
Directors	1,265		1,265		0		Required Insurance
Liability	1,801		1,700		101		Libility Insurance $1M
Umbrella	1,000		1,100		-100		Liability Insurance Add'l $1M
Total Insurance	4,066		4,065		1
Tax and Legal
Tax Preparation	279		300		-21		Annual Tax Return
Legal Expenses	211		200		11
Total Tax and Legal	490		500		-10
Treasurer
Computer Expenses	43		50		-7		Software Updates
Collections			50		-50
Corporate Filing	10		10		0		Annual Filing fee
Dues Notices	334		0		334		Postage and Printing
Supplies	13		20		-7		Paper etc
Total Treasurer	400		130		270
Misc Expenses	0		100		-100
Bank Charges	12		12		0		Montlhy Service Fee
Total Expenses	$43,358		$54,617		$     (11,259)
CASH FLOW
Beginning Bank Balance	$42,441
INCOME	45,847		56,100		$     (10,253)
EXPENSES	(43,358)		(54,617)		$      11,259
Ending bank Balance	$44,930