Willow Pointe HOA, INC

Balance Sheet

November 30, 2008

 

ASSETS

 

Checking                   Prosperity                 $  21,597.53

Reserves

Prosperity M/M                                $ 26,627.01

Smith Barney                                                $ 81,891.47

Citibank CD 05/19/09                       $ 60,000.00

Countrywide M/M                           $ 49,574.41

 

Total Reserves                                              $218,092.89

 

Accounts Receivable

2008 Owner Assessments               $  3,750.18

A/R Collection Fees                         $     134.40

A/R Lawn                                          $       60.00

A/R Late charges                              $     145.71

A/R Legal fees                                  $  6,807.00

A/R Opening balance                      $19,391.50

A/R Other                                          $     150.00

                                                                        $ 30,438.79

 

Total Assets                                                                                      $270,129.21

Pre-paid insurance                           $  4,955.94

Total other assets                                                                             $    4,955.94

 

Total Assets                                                                                      $275,085.15

LIABILITIES AND MEMBERíS EQUITY

 

Current Liabilities

            Prepaid-HOA Fees              $  16,310.76   

            Total Liabilities                                                                    $  16,310.76

 

Reserves

            Beginning balance                           $198,471.02

            2008 Reserves                                   $   16,361.00

            Interest income                                 $     6,887.85

            Capital Expenses                             $    -3,626.98

                        Total Reserves                                                          $218,092.89

 

Member Capital

Prior Years equity                                        $  68,527.66

Accrual basis equity                                                $  14,128.03

 

Total homeowners capital                          $  82,655.69

YTD excess/deficit                                       $ -41,974.19

 

Total memberís equity                                                                    $  40,681.50

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                       $275,085.15