Willow Pointe HOA, INC
Balance Sheet
February 29, 2008
ASSETS
Checking Prosperity $27,620.39
Temp Transfer Prosperity M/M $65,000.00
Temp Transfer Countrywide M/M $50,000.00
Reserves
Prosperity M/M $29,723.18
Smith Barney $97,702.97
Smith Barney CD $40,000.00
Countrywide M/M $47,673.04
Total Assets $215,099.19
Accounts Receivable
2007 Owner Assessments $ 3,566.00
2008 Owner Assessments $53,365.00
A/R Collection Fees $ 2,531.20
A/R Late charges $ 1,647.22
A/R Legal fees $ 4,802.50
A/R Opening balance $23,622.85
A/R other $ 325.00
$ 89,859.77
Total Assets $447,579.35
Pre-paid insurance $ 2,218.28
Total other assets $ 2,218.28
Total Assets $449,797.63
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities
Prepaid-HOA Fees $ 1,138.36
Total Liabilities $ 1,138.36
Reserves
Beginning balance $198,471.02
2008 Reserves $ 16,361.00
Interest income $ 267.17
Total Reserves $215,099.19
Member Capital
Prior Years equity $ 67,347.66
Accrual basis equity $ 88,721.41
Total homeowners capital $156,069.07
YTD excess/deficit $ 77,491.01
Total member’s equity $233,560.48
TOTAL LIABILITIES AND MEMBER’S EQUITY $449,797.63