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 MEMBER’S 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 member’s equity $ 40,681.50
TOTAL LIABILITIES AND MEMBER’S EQUITY $275,085.15