Willow Pointe HOA, INC

Balance Sheet

August 31, 2009

 

ASSETS

 

Checking                   Prosperity                 $18,397.12

Temp Transfer          Countrywide M/M  $50,000.00

Reserves

Prosperity M/M                               $  26,885.47

Smith Barney                                                $146,191.04

Countrywide M/M                          $  50,261.48

 

Total Reserves                                              $223,337.99

 

Accounts Receivable

2008 Owner Assessments               $     766.17

2009 Owner Assessments               $  5,864.12

A/R Collection Fees                         $     310.20

A/R Lawn Fees                                 $     262.02

A/R Late charges                             $     229.95

A/R Legal fees                                  $10,671.50

A/R Opening balance                      $19,391.50

A/R Other                                         $     200.00     

                                                                        $ 37,695.46

 

Total Assets                                                                                      $329,430.57

Pre-paid insurance                           $  6,485.38

Total other assets                                                                             $     6,485.38

 

Total Assets                                                                                      $335,915.95

LIABILITIES AND MEMBERíS EQUITY

 

Current Liabilities

            Prepaid-HOA Fees              $     502.10     

            Total Liabilities                                                                    $        502.10

 

Reserves

            Beginning balance                           $ 218,371.60

            2009 Reserves                                   $     2,834.00

            Interest income                                $      2,182.39

            Bank Charges                                   $         -50.00

                        Total Reserves                                                          $223,337.99

 

Member Capital

Prior Years equity                                        $  72,159.42

Accrual basis equity                                                $  37,193.36

 

Total homeowners capital                          $ 109,352.78

YTD excess/deficit                                       $     2,723.08

 

Total memberís equity                                                                    $ 112,075.86

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                     $ 335,915.95