South Cove Homeowners Association								Fiscal Month 12 of 12
Treasurer's Report - November 2006 Annual Meeting
For Period of November 1, 2005 - October 31, 2006
Key Bank Account Balances as of 10/31/06
Checking A	$               9,929.44					AFY2006 Checks not Cleared:
Savings	$             25,993.94					CK# 2779	$         116.25
Total	$             35,923.38					CK# 2780	$      2,500.00
						Total	$      2,616.25
Fiscal Year 2006 Income and Expenses (Budget and YTD Actuals)
	FY 2006		FY 2006			Amounts Receivable:
	Projected Budget		Income YTD			Parcel #	Amount Owed as of 11/1/06
Income						former owners2	$         761.52
Dues Income	$               65,025.00	99.92%	$         64,769.79	99.61%		5423000460	$         419.70	3
Dues Income (Advance) 4	$                          -	0.00%	$             225.00	0.00%		5423000770	$         519.75	3
Other income1	$                     54.00	0.08%	$             492.77	912.54%		5423000720	$      1,913.37	3
Total Income	$               65,079.00	100.00%	$         65,487.56	100.63%			$      3,614.34
	FY 2006		FY 2006
	Projected Expenses		Expenses YTD
Expenses
Communications	$                 1,450.00	2.24%	$             462.10	31.87%		FY2006 Additional Liabilities:
Events	$                 5,950.00	9.21%	$           3,582.00	60.20%		Financial Audit (remainder)		$    2,000.00
SLSA (South Lk Sam. Assoc)	$                    289.00	0.45%	$             289.00	100.00%		Mailing		$       250.00
Grounds	$               45,800.00	70.87%	$         44,938.85	98.12%		Legal		$       500.00
Insurance	$                 6,000.00	9.28%	$           5,111.00	85.18%			Total FY2006 Liabilities:	$    2,750.00
Tax and Legal	$                 2,500.00	3.87%	$           3,508.87	140.35%			% of 2006 Budget Spent:	96.27%
Tennis Courts	$                 2,100.00	3.25%	$             805.68	38.37%
Treasurer	$                    535.00	0.83%	$             763.27	142.67%
	$               64,624.00	100.00%	$         59,460.77	92.01%
Projected FY06 Reserve	$                    455.00		$           6,026.79	YTD remaining per cash flow analysis
			$           3,276.79	Actual FY2006 remaining per cash after liabilities