Summary of Revenue and Expense [Unaudited]
For The Month Ending March,  2008
3 Months Financial Results

          SUN LAKES HOA 3
             FINANCIAL REPORT-MARCH 2008
  THREE MONTHS CUMLATIVE FINANCIAL RESULTS
                        2008 3 Months
Actual
Fav/(Unfav)
Actual
Budget
To Budget
REVENUE:
 $
 $
 $
Homeowner Dues
  Operating Fund
      1,201,643
     1,205,300
    (3,657)
Other Income
          61,201
          61,800
       (599)
Interest Income
          10,382
          16,500
    (6,118)
   Total Revenue
      1,273,226
     1,283,600
   (10,374)
EXPENSES-NET:
Restaurant
          74,250
          66,685
    (7,565)
Clubhouse
          94,337
          96,505
     2,168
Common Areas
        278,907
        319,154
    40,247
Pools
          76,489
          65,580
   (10,909)
Private Roads
          13,369
            9,408
    (3,961)
Patrol
          68,378
          67,278
    (1,100)
Gates
          49,102
          59,931
    10,829
G & A
  Administrative Svcs
          42,445
          42,300
       (145)
  Wages
          66,637
          75,522
     8,885
  All Other
        107,917
          86,254
   (21,663)
Recreation
          49,006
          54,987
     5,981
Tennis & Ball Field
            1,697
            2,490
        793
   Total Expenses
        922,534
        946,094
    23,560
EXCESS OF REVENUE
  OVER EXPENSES
        350,692
        337,506
    13,186
Capital Expenditures
          54,177
        170,200
 xxx
Transfer To Reserve Fund
        249,999
        250,729
xxx
(Expenses Exclude Depreciation)
(Prepared By Finance Committee)

COMMENTS ON VARIANCES


                    SUN LAKES HOA NO 3
                  COMMENTS ON VARIANCES
3 MONTHS JAN-MAR 2008 FINANCIAL RESULTS
(Prepared By Finance Committee)
2008 Fav/(Unfav) To Budget:
Total Revenue
 $     (10,374)
Mainly lower interest income due to rate changes
Restaurant
          (7,565)
Sales down from budget and down from 2007 but
   is still higher than 2006
Pools
        (10,909)
Heating cost due to raising pool temperatures
G&A
  Legal
          (6,862)
Related to transition
  Transition
          (3,310)