POA Financial Reports

2021 Taxes

2022 Proposed Budget

Draft Lake Front Royal 2022 Budget
Expense 2021 Actual Expenses Thru Dec 2d, 2021 Proposed 2022 Budget
63300 Insurance Expense $1,904.77  $2,626.37  $2,703.00
66500 Postage & Delivery $116.53  $ 121.85  $130.00
64900 Office Expense $400    $250.00
60300 Bank Charges $55.00  $89.00  $92.00
61700 Computer & Internet Expense $518  $420.00  $450.00
63900 Licenses & Corporate Expense $300.00  $ 140.00  $150.00
64700 Miscellaneous Expense  $29    $150.00
68900 Collection Exp  $1,026.90    $1,000.00
76000 Accounting Expense  $1,010  $1,277.87  $1,200.00
Legal Fees  $4,340.00  $1,385.00  $2,500.00
Capital Improvement $5,825.00   $5,825.00
63700 Landscaping and Groundskeeping $0.00  $166.59  $2,500.00
74000 Meals & Entertainment    $279.03  $ 300.00
       $ -  
Total Operating  Expenses $15,525.23  $6,505.71  $17,250.00
Total       
# of Lots 345   345
Dues Per Lot  $45.00    $50.00

LFRPOA Balance Sheet May 25th 2021

LFRPOA
Balance Sheet
As of May 25, 2021
Cash Basis Tuesday, May 25, 2021 02:01 PM GMT-04:00 1/1
TOTAL
ASSETS
Current Assets
Bank Accounts
10006 Bank Adjustment 1,778.20
10007 RAP Fund 0.00
BB&T New LFR POA 30,598.68
BB&T Operating Account 0.00
BB&T Snow Removal/Reserve 0.00
Reserve 20,343.97
Total Bank Accounts $52,720.85
Accounts Receivable
11000 Accounts Receivable 506.55
Total Accounts Receivable $506.55
Other Current Assets
11002 Accrual to Cash AR Adj 7,698.90
12000 Undeposited Funds 100.00
Other Current Assets 0.00
Uncategorized Asset -571.70
Total Other Current Assets $7,227.20
Total Current Assets $60,454.60

Fixed Assets
16000 Engineering Costs 3,737.00
17000 Accumulated Depreciation 0.00
17500 Computer 0.00
17600 Buildings 14,671.68
Total Fixed Assets $18,408.68
TOTAL ASSETS $78,863.28
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
24000 Payroll Liabilities 646.20
Total Other Current Liabilities $646.20
Total Current Liabilities $646.20
Total Liabilities $646.20
Equity
30000 Opening Balance Equity 0.00
32000 Retained Earnings 82,098.15
Net Income -3,881.07
Total Equity $78,217.08
TOTAL LIABILITIES AND EQUITY $78,863.28

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Balance Sheet
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LFRPOA 2020 Tax Return

LFRPOA 2020 Tax Return

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LFRPOA 2020 Tax Return
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2020 Proposed Budget

Lake Front Royal 2020 Proposed Budget

Download attachments:
POA 2020 Budget.xlsx
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January 1, 2020 Balance Sheet

2020balancesheet

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2019 Balance Sheet.pdf
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Profit and Loss January 1 - December 31, 2019

2020balancesheet

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2019 Profit and Loss.pdf
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Profit and Loss January 1 - June 9, 2019

2020balancesheet

Lake Front Royal Property Owners Association 2019-2020 Budget

LFRPOA

Expenses

 

   60300 Bank Charges

600.00 

   61700 Computer and Internet Expenses

1,200.00 

   63300 Insurance Expense

3,600.00 

   63700 Landscaping and Groundskeeping

6,400.00 

   63900 Licenses & Corporate Fees

1,000.00 

   64900 Office Supplies

1,000.00 

   66500 Postage and Delivery

2,000.00 

   76000 Accounting Expense

3,000.00 

   Legal Fees

5,400.00 

Total Expenses

$ 24,200.00

   

# of lots

346.00 

Dues per lot

 $69.94

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2019 Budget
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