Willow Pointe HOA, INC

Balance Sheet

July 31, 2009

 

ASSETS

 

Checking                   Prosperity                 $  6,078.47

Temp Transfer          Prosperity M/M       $15,000.00

Temp Transfer          Countrywide M/M  $70,000.00

Reserves

Prosperity M/M                               $  26,870.36

Smith Barney                                                $146,191.04

Countrywide M/M                          $  50,261.48

 

Total Reserves                                              $223,322.88

 

Accounts Receivable

2008 Owner Assessments               $     766.17

2009 Owner Assessments               $  9,700.10

A/R Collection Fees                         $     489.40

A/R Lawn Fees                                 $     119.10

A/R Late charges                             $     290.92

A/R Legal fees                                  $12,391.50

A/R Opening balance                      $19,391.50

A/R Other                                         $      150.00    

                                                                        $ 43,298.69

 

Total Assets                                                                                      $357,700.04

Pre-paid insurance                           $     550.66

Total other assets                                                                             $       550.66

 

Total Assets                                                                                      $358,250.70

LIABILITIES AND MEMBERíS EQUITY

 

Current Liabilities

            Prepaid-HOA Fees              $     468.60     

            Total Liabilities                                                                    $        468.60

 

Reserves

            Beginning balance                           $ 218,371.60

            2009 Reserves                                   $     2,834.00

            Interest income                                $      2,167.28

            Bank Charges                                   $         -50.00

                        Total Reserves                                                          $223,322.88

 

Member Capital

Prior Years equity                                        $  72,159.42

Accrual basis equity                                                $  42,830.09

 

Total homeowners capital                          $ 114,989.51

YTD excess/deficit                                       $   19,469.71

 

Total memberís equity                                                                    $ 134,459.22

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                     $ 358,250.70