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
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POA 2020 Budget.xlsx
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Profit and Loss January 1 - December 31, 2019

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

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Profit_and_Loss_June_19.pdf
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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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