McGuffey Park Home Owners' Association
2009 Income Statement
			Actual		Actual		Actual
			2009		2008		2007
Revenues
	Dues		35,059.00		35,382.18		34,946.00
	Other Income		242.67		323.42		514.96
			35,301.67		35,705.60		35,460.96
Expenses:
	Pool:
		Water	205.52		219.40		188.57
		Electric	3,177.12		3,040.21		2,786.35
		Phone	-		90.54		388.51
		Supplies	132.25		38.92
		Maintenance, Repair & Chemicals	9,823.01	**	9,412.37		15,716.28
		Sand Filters/Vacuum hoses
		Pool Furniture			779.12		193.50
		Other Pool Expense (supp, cameras, keys)			846.16		576.31
		Pool Cleaning/Closing	1,583.52		3,020.00	*	2,040.00
			14,921.42		17,446.72		21,889.52
	Other:
		Admin & Misc. (Postage, supplies etc.)	1,451.93		1,863.08		3,245.69
		Mowing Common Areas	5,782.95		5,867.00		4,529.23
		Storm Debris Clean-Up			1,010.00
		HOA Improvements					5,419.75
		Insurance	3,716.06		4,067.34		3,727.78
		Legal Fees	326.00	#			75.00
		Professional Fees	2,600.00		2,400.00		2,200.00
		Taxes, Reg. & Acct. Fees	1,164.83		1,110.80		1,111.08
	Total Expenses		29,963.19		33,764.94		42,198.05
Net Income/(Loss)			5,338.48		1,940.66		(6,737.09)
*	At the end of the summer in 2008, two of the three Board members authorized an additional payment
	of $1,000 for closing the pool each evening.  This was paid to one of the two approving Board members.
**	Includes expenses to bring the pool into compliance with a newly issued federal law, approx $600.
#	Legal fees are recouped at collection or included in lien to be collected upon property sale.