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SUNLIGHT SHORES COUNTRY CLUB
Statement of Cash Receipts and Expenditures
For the period ending
November 30, 2016
.. 2016-2017
~ .
2016-2017 -
GENERALLCLUBHOUSE RECEIPTS
CURRENT
MONTH
APR-MAR -FISCAL YEAR
ACTUAL
APR-MAR
ANNUAL ~
BUDGET
2016-2017
UNEXPENDED
BUDGET
Caretaker Rent $ 1,950.00 $ 3,600 $ (1,650.00) 2016-2017 Lot
Dues 14,012.67 16,600 (2,587.33)
Prior years Lot Dues
Refunds
200.00
-. 200.00
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2017-2018 Prepaid Lot Dues
Donations 36.68 36.68 -Caretaker Utilities-Reimbursed to SSCC
722.53 1,830 (1,107.47)-Member Interest & Late Fees 54.38 54.38
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0.18 1.49 1.49Interest Income
Pool Income (donation & keys)
Total Receipts-General/Clubhouse $ 0.18 $ 140.85
17,118.60 $ 275
22,305 $ (134.15)
(5,186.40)
GENERALLCLUBHOUSE EXPENDITURES
Loan Pmnts-Heritage Bank 2016-17 1/2 P&I
Repairs & Maintenance - Clubhouse
Propane -Accounting
Legal
$ 93.63
369.60
72.00
749.04
237.90
694.67
1,019.97
360.00
$ 1,200 4,400
2,000
1,500
1,000
$ 450.96 4,162.10
1,305.33
480.03
640.00
Office supplies & postage 50% 3.43 339.52 375 35.48
Insurance - 50% 1,814.50 1,900 85.50 ~Insurance - D&O - 50%
770 770.00
Pest Control - 500 500.00 Bank Charges 8.00 30 22.00
Clubhouse Miscellaneous 50.93 450 399.07
Shoreline - 200 200.00 Utilities - Electricity Clubhouse 108.82
1,453.69 1,660 206.31
Utilities - Electric Pool - -
Equipment & Maintenance Pool -
Equipment - Pool 89.19 250 160.81 -Supplies - pool 781.21 500
(281.21)
Maintenance & Repairs - pool 1,623.78 1,000 (623.78).
Miscellaneous Pool - 41 41.00
Caretaker L&I 94.38 120 25.62 -Permit Pool 309.00 309
-Reserve Account - Clubhouse & Pool - 3,000 3,000.00
Sub-total General/Clubhouse $ 647.48 $ 9,625.78 $ 21,205 $
11,579.22 -
See accompanying accountants' compilation report which is an
integral part of this statement
http:11,579.22http:9,625.78http:3,000.00http:1,623.78http:1,453.69http:1,814.50http:1,107.47
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SUNLIGHT SHORES COUNTRY CLUB
Statement of Cash Receipts and Expenditures
For the period ending
November 30,2016
- i 2016-2017 2016-2017 CURRENT APR-MAR APR-MAR 2016-2017 MONTH
FISCAL YEAR ANNUAL UNEXPENDED
ACTUAL BUDGET BUDGET-WATER-RECEIPTS
2016-2017 Water charges $ 19,535.32 $ 20,350 $ (814.68)
2016-2017 Metered water usage income 971.49 6,884.59 13,340
(6,455.41)
2015 Special Assessment-bore line & meter 306.31 306.31
-2017-2018 Prepaid Water - Prior Years Water 1,544.42
1,544.42
--Insurance Claim Proceeds Donation 36.68 36.68 Member Interest
& Late fees
Total Receipts - Water -WATER EXPENDITURES
Member loan/repayment
Loan Pmnts - Heritage Bank 2016-17 1/2 P&I
Utilities - Electricity Pumphouse
Propane -Water System - Maintenance/Certif. Op.
Water System - Testing
Water System - Repairs
Permit/Inspection - Water system
New Pumps & installation
Water - Install bore line/meteres
Office supplies & postage 50%
Insurance 50%
Insurance - D&O 50%
Accounting
I Legal -
, Miscellaneous Bank charges
Generator maintenance IGenerator repair Generator repair &
related expenses
Sub-total Water Expenditures -
Total Expenditures Gen/Clubhouse & Water
Excess Receipt over Expenditures
Beginning Cash
Ending Cash
Loan Payable-WIB @ 11/30/16
Original Loan Balance $85,000.00
Origination date December 13, 2002
If payments remain at $187.26, a balloon payment of
$12,291.79
will be due November 20, 2017
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163.24 163.24
$ 971.49 $ 28,470.56 33,690 $ (5,219.44)
$ 5,000.00 93.63 749.04 145.08 1,276.30
552.95 3,718.18
356.00 1,613.88-
328.25 --I -
3.44 339.52 1,814.50
-72.00 1,019.97
603.00 963.00 5.00 4.00
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487.39 -
-$ 5,000
1,200 450.96 2,550 1,273.70 1,500 947.05 7,000 3,281.82
800 444.00 5,000 3,386.12
600 271.75--
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500 160.48 1,900 85.50
770 770.00 3,000 1,980.03 1,000 37.00
150 145.00 25 21.00
475 475.00 525 37.61
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$ 917.15 $ 18,227.98 $ 31,995 $ 13,767.02
$ 1,564.63 $ 27,853.76 $ 53,200 $ 25,346.24
$ (592.96) $ 17,735.40 $ 2,795 $ 14,940.40
13,292.82 13,292.82 -$ 31,028.22 $ 16,087.82 $ 14,940.40
$13,817.43 Bank Balances : #1625 Donations #239 Wtr CHKG -#9046
Wtr Savg
#6855 Lot CHKC #7494 Lot Savg Ttlcash @ 11/30
$413.26 13,236.38
992.65 9,903.69 6,482.24
$31,028.22
See accompanying accountants' compilation report which is an
integral part of this statement
http:31,028.22http:6,482.24http:9,903.69http:13,236.38http:13,817.43http:1,980.03http:3,386.12http:3,281.82http:1,273.70http:1,019.97http:1,814.50http:1,613.88http:3,718.18http:1,276.30http:5,000.00http:5,219.44http:28,470.56http:12,291.79http:85,000.00http:1,544.42http:1,544.42http:6,455.41http:6,884.59http:19,535.32
Edward & Associates Certified Public Accountants
CHARLES W. EDWARDS HOLLY IITLTON-JON S
To the Board of Directors Sunlight Shores Country Club, Inc.
Clinton, WA
Management is responsible for the accompanying financial
statements of Sunlight Shores Country Club (a corporation), which
comprise of Statements of Cash Receipts and Expenditures, for the
one month and year to date ending November 30. 2016 in accordance
with cash basis of accounting. We have performed a compilation
engagement in accordance with Statements on Standards for
accounting and Review Services promulgated by the Accounting and
Review Services Committee of the A/CPA. We did not audit or review
the financial statements nor were we required to perform any
procedures to verifY the accuracy or completeness of the
information provided by management. Accordingly, we do not express
an opinion, a conclusion, nor provide any fonn of assurance on
these financial statements.
Management has elected to omit substantially all of the
disclosures ordinarily included in the financial statement in
accordance with the cash basis of accounting. If the omitted
disclosures were included in the financial statements, they might
in fluence the user's conclusions about the Association's assets,
liabilities, and equity. Accordingly, these financial statements
are not designed for those who are not informed about such
matters.
Management has omitted supplementary informat,ion about future
major repairs and replacements of common property that accounting
principles generally accepted in the United Statements of America
require to be presented to supplement the basic financial
statements. Such missing infolmation, although not a part of the
basic financial statements, is required by the Financial Accounting
Standards Board, who considers it to be an essential part of the
financial reporting for placing the basic financial statements in
an appropriate operation, economic, or h,istorical context
The accompanying annual budget of Sunlight Shores Country Club
for the year ending March 31,2017, has not been compiled or
examined by us and, accordingly, we do not express an opinion or
any other form of assurance on it.
J
~ a\Vards & Associates. CPAs December 13,2016
5492 S. Harbor A elll1e . PO Box 340 . freeland. Washington
98249 t360) n 1.5792 (360) 678 7019 Fax (360) 33 I . 7"~5
