Willow Pointe HOA, INC

Balance Sheet

June 30, 2008

 

ASSETS

Checking                   Prosperity                 $  8,987.86

Temp Transfer          Prosperity M/M        $45,000.00

Temp Transfer          Countrywide M/M   $50,000.00

Reserves

Prosperity M/M                                $ 30,080.56

Smith Barney                                                $ 79,873.06

GMAC CD                                         $ 60,000.00

Countrywide M/M                           $ 48,641.06

 

Total Assets                                                  $218,594.68

 

Accounts Receivable

2007 Owner Assessments               $     896.00

2008 Owner Assessments               $13,899.87

A/R Collection Fees                         $     604.80

A/R Lawn                                          $     130.00

A/R Late charges                              $     917.98

A/R Legal fees                                  $  2,698.50

A/R Opening balance                      $21,341.25

A/R Other                                          $     225.00

                                                                        $ 40,713.40

 

Total Assets                                                                                      $363,295.94

 

Total Assets                                                                                      $363,295.94

LIABILITIES AND MEMBERíS EQUITY

 

Current Liabilities

            Prepaid-HOA Fees              $    1,324.76

            Total Liabilities                                                                    $   1,324.76

 

Reserves

            Beginning balance                           $198,471.02

            2008 Reserves                                   $   16,361.00

            Interest income                                 $     3,762.66

                        Total Reserves                                                          $218,594.68

 

Member Capital

Prior Years equity                                        $  68,527.66

Accrual basis equity                                                $  39,388.64

 

Total homeowners capital                           $107,916.30

YTD excess/deficit                                         $  35,460.20

 

Total memberís equity                                                                    $143,376.50

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                       $363,295.94