Willow Pointe HOA, INC
Balance Sheet
December 31, 2008
ASSETS
Checking Prosperity $ 67,724.14
Reserves
Prosperity M/M $ 26,643.92
Smith Barney $ 82,082.15
Citibank CD 05/19/09 $ 60,000.00
Countrywide M/M $ 49,645.53
Total Reserves $218,371.60
Accounts Receivable
2008 Owner Assessments $ 3,673.38
A/R Collection Fees $ 134.40
A/R Lawn $ 20.00
A/R Late charges $ 157.54
A/R Legal fees $ 6,807.00
A/R Opening balance $19,391.50
A/R Other $ 150.00
$ 30,333.82
Total Assets $316,429.56
Pre-paid insurance $ 4,405.28
Total other assets $ 4,405.28
Total Assets $320,834.84
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities
Prepaid-HOA Fees $ 80,875.36
Total Liabilities $ 80,875.36
Reserves
Beginning balance $198,471.02
2008 Reserves $ 16,361.00
Interest income $ 7,166.56
Capital Expenses $ -3,626.98
Total Reserves $218,371.60
Member Capital
Prior Years equity $ 68,527.66
Accrual basis equity $ -50,541.54
Total homeowners capital $ 17,986.12
YTD excess/deficit $ - 3,601.76
Total member’s equity $ 21,587.88
TOTAL LIABILITIES AND MEMBER’S EQUITY $320,834.84