Willow Pointe HOA, INC

Balance Sheet

February 28, 2009

 

ASSETS

 

Checking                   Prosperity                 $ 60,582.19

Temp Transfer          Prosperity M/M        $45,000.00

Temp Transfer          Countrywide M/M   $50,000.00

Reserves

Prosperity M/M                                $ 26,699.47

Smith Barney                                                $ 84,991.34

Citibank CD 05/19/09                       $ 60,000.00

Countrywide M/M                           $ 49,751.60

 

Total Reserves                                              $221,442.41

 

Accounts Receivable

2008 Owner Assessments               $  2,503.65

2009 Owner Assessments               $59,239.84

A/R Collection Fees                         $  3,024.00

A/R Late charges                              $     396.08

A/R Legal fees                                  $  8,203.00

A/R Opening balance                      $19,391.50

A/R Other                                          $     300.00

                                                                        $ 93,058.07

 

Total Assets                                                                                      $470,082.67

Pre-paid insurance                           $  3,303.96

Total other assets                                                                             $    3,303.96

 

Total Assets                                                                                      $473,386.63

LIABILITIES AND MEMBERíS EQUITY

 

Current Liabilities

            Prepaid-HOA Fees              $   1,082.99    

            Total Liabilities                                                                    $    1,082.99

 

Reserves

            Beginning balance                           $ 218,371.60

            2009 Reserves                                   $     2,834.00

            Interest income                                 $        286.81

            Bank Charges                                    $          50.00

                        Total Reserves                                                          $221,442.41

 

Member Capital

Prior Years equity                                        $  72,159.42

Accrual basis equity                                                $  91,975.08

 

Total homeowners capital                          $ 164,134.50

YTD excess/deficit                                       $   86,726.73

 

Total memberís equity                                                                    $ 250,861.23

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                       $ 473,386.63