Willow Pointe HOA, INC
Balance Sheet
July 31, 2008
ASSETS
Checking Prosperity $ 7,955.39
Temp Transfer Prosperity M/M $20,000.00
Temp Transfer Countrywide M/M $50,000.00
Reserves
Prosperity M/M $ 29,137.53
Smith Barney $ 80,205.72
GMAC CD $ 60,000.00
Countrywide M/M $ 48,859.74
Total Assets $218,202.99
Accounts Receivable
2007 Owner Assessments $ 896.00
2008 Owner Assessments $13,037.08
A/R Collection Fees $ 560.00
A/R Lawn $ 130.00
A/R Late charges $ 962.94
A/R Legal fees $ 5,746.00
A/R Opening balance $21,341.25
A/R Other $ 250.00
$ 42,923.27
Total Assets $339,081.65
Total Assets $339,081.65
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities
Prepaid-HOA Fees $ 1,774.76
Prepaid-Legal Fees $ 125.00
Total Liabilities $ 1,899.76
Reserves
Beginning balance $198,471.02
2008 Reserves $ 16,361.00
Interest income $ 4,372.88
Capital Expenses $ -1,001.91
Total Reserves $218,202.99
Member Capital
Prior Years equity $ 68,527.66
Accrual basis equity $ 41,023.51
Total homeowners capital $109,551.17
YTD excess/deficit $ 9,427.73
Total member’s equity $118,978.90
TOTAL LIABILITIES AND MEMBER’S EQUITY $339,081.65