Profit and Loss May 2008

Ordinary Income/Expense
		Income
			Resale Certificates		300.00
			Property Transfer Fees		650.00
			Miscellaneous Income		117.26
			Annual Assessments		2,055.42
			Donations
				Fundraiser	2,117.00
				Pool	20.00
				Boat Ramp	728.00
				Pier	513.00
				Park Equip & Mt.	10.00
			Total Donations		3,388.00
		Total Income			6,510.68
		Expense
			Write offs		121.26
			Utilities
				Communications	139.64
				Water	128.81
				Trash	39.68
				Electric	745.24
			Total Utilities		1,053.37
			Repairs & Maintenance
				Landscaping	801.05
				Pool	549.95
				Pier	747.11
			Total Repairs & Maintenance		2,098.11
			Interest Expense
				Loan Interest	216.63
			Total Interest Expense		216.63
			Insurance
				General Liability	1,083.93
			Total Insurance		1,083.93
			Payroll Expenses		1,346.81
			Office Expense		2,090.35
		Total Expense			8,010.46
	Net Ordinary Income				-1,499.78
Net Income					-1,499.78