DEVONSHIRE VILLAGE HOMEOWNERS ASSOCIATION Treasurer Report March 31, 2009
	STATEMENT OF REVENUES AND EXPENSES
	FOR  THREE MONTHS ENDED MARCH 31, 2009
					BUDGET		ACTUAL		VARIANCE
	Revenues:
		Resident Assessments			$127,680		$127,680		$0
		Late Fees			62		45		(17)
		Interest Income			294		416		122
		Prior Year Surplus			3,531		3,531		0
		Miscellaneous Income			0		0		0
			Total Revenues		131,567		131,672		105
	Expenses:
	General & Administrative:
		Master Association Fee			43,052		43,065		(13)
		Management			6,449		6,449		0
		Insurance			3,362		3,264		98
		Office Supplies			625		930		(305)
		Legal			100		152		(52)
		Audit			339		322		17
		Miscellaneous			84		54		30
			Total General & Administrative		54,011		54,236		(225)
	Common Area Services:
		Maintenance Contract			3,744		3,360		384
		Buildings & Grounds Maintenance			999		215		784
		Heat Pump Inspection			0		0		0
		Maintenance Supplies			1,000		1,084		(84)
		Trash Removal			5,241		5,243		(2)
		Landscape Contract			24,939		24,797		142
		Landscape Improvement			0		0		0
		Snow Removal			19,500		17,509		1,991
		Exterminator			250		0		250
		Smoke Alarm Maintenance			0		0		0
			Total Common Area Services		55,673		52,208		3,465
	Utilities:
		Electric			725		555		170
		Water			7,750		6,359		1,391
			Total Utilities		8,475		6,914		1,561
	Federal Income Taxes				80		124		(44)
	Replacement Reserve Contribution				21,814		21,814		0
	Total Expenses				140,053		135,296		4,757
	Excess/(Deficit) of Revenues Over Expenses				($8,486)		($3,624)		$4,862