Willow Pointe HOA, INC
Balance Sheet
January 31, 2009
ASSETS
Checking Prosperity $ 40,297.85
Temp Transfer Prosperity M/M $45,000.00
Temp Transfer Countrywide M/M $50,000.00
Reserves
Prosperity M/M $ 26,660.89
Smith Barney $ 84,991.34
Citibank CD 05/19/09 $ 60,000.00
Countrywide M/M $ 49,701.22
Total Reserves $221,353.45
Accounts Receivable
2008 Owner Assessments $ 3,409.54
2009 Owner Assessments $98,169.84
A/R Collection Fees $ 134.40
A/R Lawn $ 20.00
A/R Late charges $ 157.54
A/R Legal fees $ 7,691.00
A/R Opening balance $19,391.50
A/R Other $ 150.00
$129,123.82
Total Assets $485,775.12
Pre-paid insurance $ 3,854.62
Total other assets $ 3,854.62
Total Assets $489,629.74
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities
Prepaid-HOA Fees $ 1,082.99
Total Liabilities $ 1,082.99
Reserves
Beginning balance $ 218,371.60
2008 Reserves $ 2,834.00
Interest income $ 197.85
Bank Charges $ 50.00
Total Reserves $221,353.45
Member Capital
Prior Years equity $ 72,159.42
Accrual basis equity $128,040.83
Total homeowners capital $ 200,200.25
YTD excess/deficit $ 66,993.05
Total member’s equity $ 267,193.30
TOTAL LIABILITIES AND MEMBER’S EQUITY $ 489,629.74