Balance sheet – DockLine

Tracking the Association’s Assets and Liabilities

Year-End Balance Sheets

This page shares the year-to-date balance sheet prepared by Chesapeake Bay Management, showing the Association’s liabilities and equity at the close of the reporting period. It is intended to provide members with a transparent snapshot of the community’s financial position.

Download 2024 PDF

2024 Year-End Actual vs Budget (Line by Line)

Account	Actual	Budget	Variance
Income
Assessments – Homes	$51,520.00	$51,888.00	+$368.00
Assessments – Villas	$30,912.00	$30,912.00	$0.00
Assessments – Mariners Pt.	$14,720.00	$14,720.00	$0.00
Storage Fees	$5,210.00	$6,000.00	–$790.00
Membership Fees	$4,900.00	$0.00	+$4,900.00
Late Fees	$588.80	$0.00	+$588.80
Miss Utility Marking	$100.00	$0.00	+$100.00
Interest Income	$235.79	$0.00	+$235.79
Interest Income – Reserves	$19,514.87	$16,000.00	+$3,514.87
Water/Sewer – Homes	$24,446.00	$21,432.00	+$3,014.00
Water/Sewer – Villas	$19,152.00	$19,152.00	$0.00
Water/Sewer – Mariners Pt.	$9,120.00	$9,120.00	$0.00
Water/Sewer Hook-up	$0.00	$4,000.00	–$4,000.00
Potential Reserve Add’l	$0.00	$12,061.00	–$12,061.00
Total Income	$180,787.46	$184,917.00	–$4,129.54
General & Administrative
Service Contract – CBM Mgmt	$16,027.08	$15,500.00	–$527.08
Audit & Accounting	$0.00	$2,500.00	+$2,500.00
Legal Services	$2,444.00	$5,000.00	+$2,556.00
Social Events	$456.52	$2,500.00	+$2,043.48
Bank Charges & Coupons	$0.00	$120.00	+$120.00
Website Maintenance	$0.00	$500.00	+$500.00
Postage & Delivery	$1,687.13	$800.00	–$887.13
Insurance	$6,102.63	$6,500.00	+$397.37
CAI Dues & Seminars	$0.00	$1,500.00	+$1,500.00
Office Supplies	$1,038.77	$500.00	–$538.77
Copy/Printing	$172.80	$700.00	+$527.20
Donations	$0.00	$500.00	+$500.00
Other Ops	$234.35	$500.00	+$265.65
Corporate Income Tax	$223.71	$4,500.00	+$4,276.29
State & Local Tax	$0.00	$1,000.00	+$1,000.00
Fees & Permits	$115.00	$100.00	–$15.00
Total G&A	$28,544.69	$42,720.00	+$14,175.31
Utilities
Electricity – Grounds	$363.93	$600.00	+$236.07
Electricity – Water/Sewer	$3,548.02	$3,000.00	–$548.02
Maintenance – Sewer	$16,792.67	$2,000.00	–$14,792.67
Water System Repairs	$11,997.33	$4,000.00	–$7,997.33
Service Contract – Water System	$21,986.16	$25,500.00	+$3,513.84
Outsourced Work	$0.00	$1,500.00	+$1,500.00
Water Testing	$4,129.34	$2,500.00	–$1,629.34
Service Contract – Sewer	$0.00	$1,300.00	+$1,300.00
Fees & Permits – Water/Sewer	$0.00	$400.00	+$400.00
Other Utilities	$312.58	$500.00	+$187.42
Electricity – Clubhouse	$2,046.29	$2,400.00	+$353.71
Telephone	$2,467.82	$2,600.00	+$132.18
Total Utilities	$63,644.14	$46,300.00	–$17,344.14
Maintenance
Clubhouse	$1,789.02	$1,000.00	–$789.02
Tennis Courts	$0.00	$200.00	+$200.00
Pool	$8,958.51	$8,000.00	–$958.51
Ponds & Dams	$0.00	$500.00	+$500.00
Grounds	$0.00	$3,000.00	+$3,000.00
Clubhouse Supplies	$4.66	$200.00	+$195.34
Total Maintenance	$10,752.19	$12,900.00	+$2,147.81
Contract Services
Cleaning – Clubhouse	$1,080.00	$2,600.00	+$1,520.00
Grounds/Landscaping (GLF)	$36,590.00	$39,500.00	+$2,910.00
Tree/Shrub/Plant Care	$4,400.00	$6,500.00	+$2,100.00
Security Contract	$272.00	$240.00	–$32.00
Total Contract Services	$42,342.00	$48,840.00	+$6,498.00
Reserves
Reserve Deposit	$34,157.00	$34,157.00	$0.00
Reserve Interest	$19,514.87	$0.00	–$19,514.87
Total Reserves	$53,671.87	$34,157.00	–$19,514.87
Totals
Total Expenses	$198,954.89	$184,917.00	–$14,037.89
Net (Income – Expenses)	–$18,167.43	$0.00	–$18,167.43

2023

2023 Year-End Actual vs Budget (Line by Line)

Account	Actual	Budget	Variance
General & Administrative
Service Contract – CBM Mgmt	$15,850.04	$15,500.00	–$350.04
Audit & Accounting	$0.00	$2,500.00	+$2,500.00
Legal Services	$4,274.50	$5,000.00	+$725.50
Social Events	$1,180.94	$2,000.00	+$819.06
Bank Charges & Coupon Printing	$10.00	$120.00	+$110.00
Website Maintenance	$0.00	$500.00	+$500.00
Postage & Delivery	$2,070.19	$800.00	–$1,270.19
Insurance	$5,320.96	$5,000.00	–$320.96
Office Supplies	$1,057.34	$1,200.00	+$142.66
Copy/Printing Expense	$1,300.97	$700.00	–$600.97
Donations	$0.00	$500.00	+$500.00
Other Ops Expenses	$919.50	$500.00	–$419.50
Corporate Income Tax	$2,188.70	$4,000.00	+$1,811.30
State & Local Tax	$469.71	$850.00	+$380.29
Fees & Permits	$100.00	$100.00	$0.00
Bad Debt Expense	$880.00	$0.00	–$880.00
Total G&A	$35,622.85	$39,270.00	+$3,647.15
Utilities
Electricity – Grounds	$64.41	$600.00	+$535.59
Electricity – Water/Sewer	$3,377.03	$3,000.00	–$377.03
Maintenance – Sewer	$2,575.00	$2,000.00	–$575.00
Water System Repairs/Improvements	$6,777.58	$5,500.00	–$1,277.58
Service Contract – Water System	$34,858.24	$25,300.00	–$9,558.24
Outsourced Work	$6,270.20	$13,000.00	+$6,729.80
Water System Maintenance	$247.00	$0.00	–$247.00
Water Testing	$1,301.30	$500.00	–$801.30
Service Contract – Sewer	$0.00	$1,250.00	+$1,250.00
Fees & Permits – Water/Sewer	$200.00	$400.00	+$200.00
Other Utilities Expenses	$299.63	$500.00	+$200.37
Electricity – Clubhouse	$2,517.36	$2,400.00	–$117.36
Telephone	$2,477.58	$2,500.00	+$22.42
Total Utilities	$60,965.33	$56,950.00	–$4,015.33
Maintenance
Clubhouse Maintenance	$240.79	$3,000.00	+$2,759.21
Tennis Court Maintenance	$39.95	$200.00	+$160.05
Pool Maintenance	$5,756.48	$8,000.00	+$2,243.52
Lakes & Ponds Maintenance	$0.00	$500.00	+$500.00
Grounds Maintenance	$2,512.86	$3,000.00	+$487.14
Clubhouse Supplies	$17.11	$200.00	+$182.89
Well #4	$3,327.88	$0.00	–$3,327.88
Total Maintenance	$11,895.07	$14,900.00	+$3,004.93
Contract Services
Cleaning – Clubhouse	$2,610.00	$1,950.00	–$660.00
Grounds/Landscaping (GLF)	$44,777.00	$38,000.00	–$6,777.00
Tree/Shrub/Plant Care	$2,400.00	$2,000.00	–$400.00
Security Contract	$240.00	$240.00	$0.00
Total Contract Services	$50,027.00	$42,190.00	–$7,837.00
Reserves
Replacement Reserve Deposit	$594.00	$594.00	$0.00
Reserve Interest Posted	$15,795.17	$0.00	–$15,795.17
Total Reserves	$16,389.17	$594.00	–$15,795.17
Totals
Total Expenses	$174,899.42	$153,904.00	–$20,995.42
Net (Income – Expenses)	–$24,452.55	$0.00	–$24,452.55

2022

2022 Year-End Actual vs Budget (Line by Line)

Account	Actual	Budget	Variance
Income
Assessments – Homes	$42,000.00	$42,000.00	$0.00
Assessments – Villas	$25,200.00	$25,200.00	$0.00
Assessments – Mariners Pt.	$12,000.00	$12,000.00	$0.00
Storage Fees	$5,600.00	$6,000.00	–$400.00
Membership Fees	$3,850.00	$0.00	+$3,850.00
Late Fees	$270.00	$0.00	+$270.00
Legal Admin Income	($290.81)	$0.00	–$290.81
Collection Reimbursement	$50.00	$0.00	+$50.00
Interest Income	$0.00	$150.00	–$150.00
Interest Income – Reserves	$8,129.45	$6,000.00	+$2,129.45
Water/Sewer – Homes	$25,520.41	$21,432.00	+$4,088.41
Water/Sewer – Villas	$19,152.00	$19,152.00	$0.00
Water/Sewer – Mariners Pt.	$9,010.00	$9,120.00	–$110.00
Water/Sewer Hook-up	$0.00	$5,000.00	–$5,000.00
Total Income	$150,491.05	$146,054.00	+$4,437.05
General & Administrative
Service Contract – CBM Mgmt	$15,711.76	$14,700.00	–$1,011.76
Audit & Accounting	$0.00	$2,500.00	+$2,500.00
Legal Services	$6,020.28	$5,000.00	–$1,020.28
Social Events	$104.81	$1,500.00	+$1,395.19
Owner Collection Costs	($36.00)	$0.00	+$36.00
Bank Charges & Coupons	$2,359.50	$120.00	–$2,239.50
Website Maintenance	$53.70	$80.00	+$26.30
Postage & Delivery	$701.14	$800.00	+$98.86
Insurance	$5,071.04	$4,500.00	–$571.04
CAI Dues & Seminars	$95.00	$0.00	–$95.00
Office Supplies	$598.10	$350.00	–$248.10
Copy/Printing	$764.28	$1,200.00	+$435.72
Donations	$0.00	$500.00	+$500.00
Other Ops	$854.37	$1,000.00	+$145.63
Corporate Income Tax	$2,710.00	$2,000.00	–$710.00
State & Local Tax	($0.50)	$400.00	+$400.50
Fees & Permits	$105.00	$100.00	–$5.00
Total G&A	$35,112.48	$34,750.00	–$362.48
Utilities
Electricity – Grounds	$214.94	$600.00	+$385.06
Electricity – Water/Sewer	$3,452.70	$3,000.00	–$452.70
Maintenance – Sewer	$1,000.00	$2,000.00	+$1,000.00
Water System Repairs	$451.00	$4,000.00	+$3,549.00
Service Contract – Water System	$25,381.03	$20,300.00	–$5,081.03
Water Testing	$1,072.00	$500.00	–$572.00
Service Contract – Sewer	$0.00	$1,250.00	+$1,250.00
Fees & Permits – Water/Sewer	$147.00	$400.00	+$253.00
Other Utilities	$142.00	$1,000.00	+$858.00
Electricity – Clubhouse	$1,231.61	$2,400.00	+$1,168.39
Telephone	$1,710.03	$2,000.00	+$289.97
Total Utilities	$34,802.31	$37,450.00	+$2,647.69
Maintenance
Clubhouse	$1,133.59	$3,000.00	+$1,866.41
Storage Area	$31.44	$0.00	–$31.44
Tennis Courts	$0.00	$200.00	+$200.00
Pool	$12,017.82	$4,000.00	–$8,017.82
Lakes & Ponds	$35.21	$2,000.00	+$1,964.79
Grounds	$6,811.84	$3,000.00	–$3,811.84
Clubhouse Supplies	$22.09	$200.00	+$177.91
Total Maintenance	$20,051.99	$12,400.00	–$7,651.99
Contract Services
Cleaning – Clubhouse	$2,385.00	$1,950.00	–$435.00
Grounds/Landscaping (GLF)	$33,732.00	$35,000.00	+$1,268.00
Tree/Shrub/Plant Care	$0.00	$2,000.00	+$2,000.00
Security Contract	$443.33	$240.00	–$203.33
Total Contract Services	$36,560.33	$39,190.00	+$2,629.67
Reserves
Replacement Reserve Deposit	$594.00	$594.00	$0.00
Reserve Interest Posted	$8,129.45	$0.00	–$8,129.45
Total Reserves	$8,723.45	$594.00	–$8,129.45
Totals
Total Expenses	$135,250.56	$124,384.00	–$10,866.56
Net (Income – Expenses)	+$15,240.49	+$21,670.00	–$6,429.51

2021

2021 Year-End Actual vs Budget (Line by Line)

Account	Actual	Budget	Variance
Income
Assessments – Homes	$42,000.00	$42,000.00	$0.00
Assessments – Villas	$25,200.00	$25,200.00	$0.00
Assessments – Mariners Pt.	$12,000.00	$12,000.00	$0.00
Storage Fees	$5,120.00	$6,000.00	–$880.00
Membership Fees	$5,950.00	$0.00	+$5,950.00
Late Fees	$376.50	$0.00	+$376.50
Legal Fees Reimbursed	$700.00	$0.00	+$700.00
Interest Income – Ops	$0.00	$150.00	–$150.00
Interest Income – Reserves	$8,211.95	$7,150.00	+$1,061.95
Interest Income – Owner Coll.	$920.96	$0.00	+$920.96
Total Income	$154,996.16	$144,704.00	+$10,292.16
Operations Expenses
Maintenance – Clubhouse	$7,229.42	$3,000.00	–$4,229.42
Maintenance – Grounds	$2,768.00	$3,000.00	+$232.00
Clubhouse Supplies	$336.99	$200.00	–$136.99
Maintenance – Tennis Courts	$152.14	$200.00	+$47.86
Maintenance – Pool	$1,484.79	$5,000.00	+$3,515.21
Maintenance – Lakes & Ponds	$26.14	$0.00	–$26.14
Service Contract – GLF	$33,900.00	$35,000.00	+$1,100.00
Service Contract – CBM Mgmt	$14,448.40	$14,200.00	–$248.40
Service Contract – Security	$240.00	$240.00	$0.00
Clubhouse Cleaning	$1,900.00	$1,950.00	+$50.00
Electricity – Clubhouse	$2,076.73	$2,400.00	+$323.27
Electricity – Grounds	$1,174.26	$1,200.00	+$25.74
Telephone	$737.41	$2,000.00	+$1,262.59
Subtotal Operations	$66,374.24	$68,390.00	+$2,015.76
General & Administrative
Social Events	$389.03	$1,500.00	+$1,110.97
Audit & Accounting	$0.00	$2,500.00	+$2,500.00
Bank Charges & Printing	$120.00	$120.00	$0.00
Website Maintenance	$107.40	$80.00	–$27.40
CAI Dues & Seminars	$650.00	$650.00	$0.00
Insurance	$4,920.11	$7,000.00	+$2,079.89
Legal Services	$1,532.50	$6,000.00	+$4,467.50
Donations	$0.00	$500.00	+$500.00
Fees & Permits	$125.00	$200.00	+$75.00
Postage & Delivery	$622.86	$1,050.00	+$427.14
Copy/Printing	$603.40	$1,200.00	+$596.60
Taxes – Corporate	($13.69)	$2,000.00	+$2,013.69
State & Local Tax	$0.00	$400.00	+$400.00
Other Ops	$500.00	$500.00	$0.00
Subtotal G&A	$9,116.61	$23,700.00	+$14,583.39
Water/Sewer Expenses
Electricity – Water/Sewer	$3,714.26	$2,500.00	–$1,214.26
Maintenance – Sewer	$2,050.00	$1,000.00	–$1,050.00
System Repair/Improvements	$2,209.46	$2,000.00	–$209.46
Service Contract – Water System	$19,420.00	$19,400.00	–$20.00
Water Testing	$1,172.96	$1,200.00	+$27.04
Service Contract – Sewer	$0.00	$1,250.00	+$1,250.00
Fees & Permits – Water/Sewer	$342.00	$500.00	+$158.00
Other Operating Exp.	$746.64	$500.00	–$246.64
Subtotal Water/Sewer	$32,123.84	$27,475.00	–$4,648.84
Reserves
Replacement Reserve Deposit	$25,189.00	$25,189.00	$0.00
Reserve Interest	$8,211.95	$0.00	–$8,211.95
Total Reserves	$33,400.95	$25,189.00	–$8,211.95
Totals
Total Expenses	$114,874.99	$119,515.00	+$4,640.01
Net (Income – Expenses)	+$6,716.22	$0.00	+$6,716.22

2020

2020 Year-End Actual vs Budget (Line by Line)

Account	Actual	Budget	Variance
Income
Assessments – Homes	$42,000.00	$42,000.00	$0.00
Assessments – Villas	$25,200.00	$25,200.00	$0.00
Assessments – Mariners Pt.	$12,000.00	$12,000.00	$0.00
Storage Fees	$5,160.00	$6,000.00	–$840.00
Membership Fees	$2,450.00	$1,050.00	+$1,400.00
Late Fees	$514.50	$300.00	+$214.50
Rental Income – Clubhouse	($200.00)	$0.00	–$200.00
Legal Fees Reimbursed	$0.00	$82.00	–$82.00
Interest Income – Operations	$381.49	$200.00	+$181.49
Interest Income – Reserves	$9,842.66	$10,000.00	–$157.34
Total Income	$155,224.90	$147,910.00	+$7,314.90
Operations Expenses
Maintenance – Clubhouse	$1,253.78	$1,500.00	+$246.22
Maintenance – Grounds	$273.76	$350.00	+$76.24
Clubhouse Supplies	$273.76	$350.00	+$76.24
Maintenance – Pool	$6,214.26	$4,000.00	–$2,214.26
Service Contract – GLF	$25,100.00	$28,900.00	+$3,800.00
Service Contract – CBM Mgmt	$14,438.44	$14,200.00	–$238.44
Service Contract – Security	$220.00	$240.00	+$20.00
Clubhouse Cleaning	$1,900.00	$1,950.00	+$50.00
Electricity – Clubhouse	$1,458.54	$2,200.00	+$741.46
Electricity – Grounds	$256.96	$600.00	+$343.04
Telephone	$760.49	$800.00	+$39.51
Subtotal Operations	$52,016.23	$55,740.00	+$3,723.77
General & Administrative
Social Events	$257.30	$1,500.00	+$1,242.70
Audit & Accounting	$0.00	$6,500.00	+$6,500.00
Bank Charges & Printing	$49.86	$120.00	+$70.14
Website Maintenance	$113.40	$80.00	–$33.40
CAI Dues & Seminars	$750.00	$750.00	$0.00
Insurance	$6,573.86	$7,308.00	+$734.14
Legal Services	$3,500.00	$6,030.00	+$2,530.00
Donations	$0.00	$500.00	+$500.00
Fees & Permits	$200.00	$500.00	+$300.00
Postage & Delivery	$385.65	$520.00	+$134.35
Copy/Printing	$802.70	$1,200.00	+$397.30
Taxes – Corporate	$1,735.00	$2,000.00	+$265.00
State & Local Tax	$489.36	$400.00	–$89.36
Other Ops Expenses	$166.05	$500.00	+$333.95
Subtotal G&A	$14,023.18	$26,008.00	+$11,984.82
Water/Sewer Expenses
Electricity – Water/Sewer	$3,307.50	$2,500.00	–$807.50
Maintenance – Sewer	$2,933.23	$2,000.00	–$933.23
System Repairs/Improvements	$1,121.02	$3,000.00	+$1,878.98
Service Contract – Fields	$0.00	$3,900.00	+$3,900.00
Service Contract – Water System	$19,200.00	$19,200.00	$0.00
Water Testing	$0.00	$3,416.66	+$3,416.66
Service Contract – Sewer	$0.00	$1,200.00	+$1,200.00
Fees & Permits – Water/Sewer	$144.55	$325.00	+$180.45
Other Operating Exp.	$4,190.27	$2,000.00	–$2,190.27
Subtotal Water/Sewer	$36,339.93	$35,725.00	–$614.93
Reserves
Replacement Reserve Deposit	$21,333.00	$21,333.00	$0.00
Reserve Interest	$9,842.66	$0.00	–$9,842.66
Potential Add’l Reserve	$0.00	$1,188.00	+$1,188.00
Total Reserves	$31,175.66	$22,521.00	–$8,654.66
Totals
Total Expenses	$115,944.11	$127,765.00	+$11,820.89
Net (Income – Expenses)	+$8,107.80	$0.00	+$8,107.80