Willow Pointe HOA, INC
Balance Sheet
May 31, 2009
ASSETS
Checking Prosperity $19,058.26
Temp Transfer Prosperity M/M $45,000.00
Temp Transfer Countrywide M/M $70,000.00
Reserves
Prosperity M/M $ 26,820.19
Smith Barney $ 85,176.95
Citibank CD 05/19/09 $ 60,922.36
Countrywide M/M $ 49,994.63
Total Reserves $222,914.13
Accounts Receivable
2008 Owner Assessments $ 1,454.49
2009 Owner Assessments $14,957.35
A/R Collection Fees $ 803.00
A/R Late charges $ 309.38
A/R Legal fees $10,012.00
A/R Opening balance $19,391.50
$ 46,927.72
Total Assets $403,900.11
Pre-paid insurance $ 1,651.98
Total other assets $ 1,651.98
Total Assets $405,552.09
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities
Prepaid-HOA Fees $ 418.60
Total Liabilities $ 418.60
Reserves
Beginning balance $ 218,371.60
2009 Reserves $ 2,834.00
Interest income $ 1,758.53
Bank Charges $ -50.00
Total Reserves $222,914.13
Member Capital
Prior Years equity $ 72,159.42
Accrual basis equity $ 46,509.12
Total homeowners capital $ 118,668.54
YTD excess/deficit $ 63,550.82
Total member’s equity $ 182,219.36
TOTAL LIABILITIES AND MEMBER’S EQUITY $ 405,552.09