Page 7 - HSCA_Fall_2023_Community_Meeting

HSCA 2023 Financial Report as of 9/30/2023
L' 2023
2022 2022 2023 Actual Revenue
No. Budget Line Item Category Approved Actuals Approved Expenses
&
Budget EOY Final Budget as of 9/30/23
g
g
1 Unencumbered Beg. Of Year Funds Available $22,200.00 $50,587.00 $50,429.00 $50,588.00
2 Basketball. Court Fund (HSCA Reserve Fund) $4,800.00 $5,200.00 $5,600.00 $5,600.00
3 Ponl Pump/Motor Rebuild!MX (HSCA Reserve Fund) $2,000.00 $2,000.00 j $2,000.00 $2,000.00
4 Replacement Well (HSCA Reserve Fund) $8,000.00 $8,000.00 $8,000.00 $15,000.00
5 Account Value $40,000.00 $65,787.00 $66,029.00 $73,188.00
6 INCOME
7 Lot Fees $3,300.00 $3,108.33 $3,000.00 $3,233.33
8 Memberships - Resident $26,070.00 $28,185.00 $28,000.00 $28,425.00
9 Memberships - Associate $9,750.00 $15,525.00 $15,000.00 $13,500.00
10 Pool Rentals $300.00 $480.00 $500.00 $560.00
11 Swimming Lessons $400.00 $405.00 $400.00 $400.00
12 Misc./Other -Donations $0.00 $1,006.23 $0.00 $1,711.74
13 Subtotal $39,820.00 $48,709.56 $46,900.00 $47,830.07
14 EXPENDITURES
15 Common Area / Facilities
16 Gen. Mx / Gate / Playground $2,000.00 $411.00 $400.00 $0.00
17 General Waterfront / Piers (Ends 2022) $3,200.00 $1,624.00 $0.00 $0.00
18 Waterfront Permit $3,000.00 $1,500.00 $3,775.00 $3,000.00
19 Work for Credit $1,500.00 $1,150.00 $1,200.00 $1,460.00
20 Subtotal $9,700.00 $3,185.00 $5,375.00 $4,460.00
21 Pool Operations
22 Electricity (SMECO) $2,800.00 $2,705.00 $2,800.00 $2,246.85
23 Chemicals $2,500.00 $1,778.00 $2,500.00 $5,451.08
24 Pool / Clubhouse Mx / Repairs/Paint/Toilets $2,000.00 $1,985.00 $11,000.00 $11,986.86
25 Lifeguard Salaries / Bonuses / Certifications $12,500.00 $12,956.00 $13,000.00 $13,595.99
26 Taxes $1,600.00 $3,684.00 $3,750.00 $1,803.59
27 Worker`s Comp Ins $600.00 $280.00 $500.00 $1,624.00
28 Permits / MD Health Dept $120.00 $120.00 $120.00 $120.00
29 Subtotal $22,120.00 $23,508.00 $33,670.00 $36,828.37
30 Committees
31 Audit $0.00 $0.00 $0.00 $0.00
32 Beach / Erosion / Waterways $1,500.00 $518.00 $6,400.00 $3,760.00
33 Budget $0.00 $0.00 $0.00 $0.00
34 Landscape $200.00 $0.00 $0.00 $72.99
35 Maintenance $0.00 $0.00 $0.00 $0.00
36 Playground $100.00 $0.00 $0.00 $0.00
37 Pool Operations $0.00 $920.00 $1,000.00 $481.87
38 Website $0.00 $0.00 $200.00 $187.54
39 Security $0.00 $0.00 $0.00 $1,709.12
40 Subtotal $1,800.00 $1,438.00 $7,600.00 $6,211.52
41 Administrative
42 Secretary / Treasurer Salary $400.00 $400.00 $400.00 $400.00
43 Budget / Admin Services $200.00 $197.00 $100.00 $25.00
44 Atlantic BB & Verizon Phone / IT Service $3,000.00 $3,282.00 $3,300.00 $2,472.31
45 Office Supplies / Printing / etc. $800.00 $1,602.00 $1,500.00 $1,321.38
46 Postal (Mailbox / Postage / etc.) $200.00 $156.00 $200.00 $355.00
47 Insurance (Gen & BD) Liability & Property $5,000.00 $5,455.00 $5,500.00 $3,365.00
48 Trash Pickup Service $200.00 $93.00 $100.00 $304.57
49 Subtotal $9,800.00 $11,18_5.00 $11,100.00 $8,243.26
50 Expenditures Total $43,420.00 $39,316.00 $57,745.00 $55,743.15
51 Total Income $39,820.00 $48,709.56 $46,900.00 $47,830.07
52 ,Budget Surplus! Deficit -$3,600.110 $9,393.56 -$10,845.00 -$7, 13 8
53 As of 9/30/2023 $36,400.00 $50,464.56 $55,184.00 $65,274.92

Financial Report Notes:
" Expended Moved budget line item from HSCA
Line "Items 18: Waterfront Permit
$3,000.0o Reserve Funds to 2023 Expenditures.
Expended Added new 2023 budget line item for
lie Item 39: Security
y $1,709.12 ongoing HSCA security measures.