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 MEMBER’S 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 member’s equity $ 250,861.23
TOTAL LIABILITIES AND MEMBER’S EQUITY $ 473,386.63