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 MEMBER’S 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 member’s equity $ 112,075.86
TOTAL LIABILITIES AND MEMBER’S EQUITY $ 335,915.95