Percent of 2002 Budget	2002 Budget	2001 Budget	Actual 2001 Budget as of 11/30/01	Difference
REVENUES:
General Assessments	82.41%	174,336	184,324	184,099	-225
HOA Collections	0.71%	1,500	1,700	1,977	277
Pool Guest Fees	1.89%	4,000	4,500	3,036	-1,464
Outside Pool Memberships	2.84%	6,000	10,000	7,200	-2,800
Community Facilities	1.30%	2,750	3,600	4,837	1,237
Newsletter & Directory	3.78%	8,000	8,300	9,157	857
Community Functions	0.92%	1,950	4,950	595	-4,355
Resale of HOA Packages	2.36%	5,000	5,000	4,815	-185
Interest	3.78%	8,000	13,000	13,383	383
Miscellaneous	0.00%	0	0	1,036	1,036
Total Revenues	100.00%	211,536	235,374	230,135	-5,239
EXPENDITURES:
Architectural Control	0.32%	600	3,050	1,318	1,732
Administration	9.84%	18,550	22,370	12,418	9,952
Civic Affairs	0.03%	50	50	0	50
Community Facilities	43.06%	81,175	96,225	98,569	-2,344
Community Functions	3.89%	7,325	10,950	5,232	5,718
Insurance	3.82%	7,200	6,500	7,039	-539
Land Management	28.43%	53,600	43,600	26,923	16,677
Neighborhood Watch	0.01%	25	25	0	25
Newsletter	10.60%	19,980	19,100	18,278	822
Taxes	0.00%	0	0	0	0
Total Expenditures	100.00%	188,505	201,870	169,777	32,093
NET OPERATING SURPLUS (LOSS)		23,031	33,504	60,358	26,854
CAPITAL IMPROVEMENTS:
Cobra Entrance Signs		1,200	1,200	0	1,200
Comm. Ctr. Office Furniture		0	7,000	5,031	1,969
Community Signs		0	1,000	136	864
Pool Chairs & Tables		5,000	600	0	600
Pool Equipment		500	2,300	2,305	-5
Pool Cubbies		500
Pool Slide		15,500
Community Ctr. Lighting		3,000
Pool Concrete Work		7,000
Playground Equip. Repair		0	0	3,780	-3,780
Potential Improvements		10,000	42,200	0	42,200
Total Capital Improvements		42,200	54,300	11,252	43,048
NET SURPLUS/(DEFICIT)		-19,169	-20,796	49,106	69,902