| THE COLONY NEWS | JULY 2024 | 5
The Colony at California Oaks Homeowners Association
March 2024 Treasurer's Report
Income and Expense Statement
Income and Expenses as of March 31, 2024 (Pending Annual Audit)
All figures are rounded to the nearest 000
BUDGET ACTUAL VARIANCE
REVENUE
Homeowner Association Fees $5,583,000 $5,583,000 0
Other __$95,000 __$245,000 __$150,000
TOTAL $5,678,000 $5,828,000 $150,000
EXPENSES
General and Administration $1,678,000 $1,791,000 ($113,000)
Communications 0 $73,000 ($73,000)
Utilities $260,000 $204,000 $56,000
Landscape Water $385,000 $388,000 ($3,000)
Landscape Maintenance $1,223,000 $1,183,000 $40,000
Property Protection $645,000 $628,000 $17,000
Repair and Maintenance $86,000 $72,000 $14,000
Golf Course Subsidy $279,000 $297,000 ($18,000)
Clubhouse Operations $128,000 $128,000 0
Reimbursable Delinquency 0 $7,000 ($7,000)
Taxes $14,000 $16,000 ($2,000)
Other Expenses 0 0 0
Reserves __$980,000 __$980,000 ________0
TOTAL EXPENSES $5,678,000 $5,767,000 ($89,000)
SURPLUS (DEFICIT) TO DATE 0 $61,000 $61,000
Note: The unaudited interim financial statements, prepared by Associa-PCM and reviewed by The Colony Finance Advisory Committee, are available in the Administration Office.
