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 MEMBERíS 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 memberís equity                                                                    $ 267,193.30

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                       $ 489,629.74