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 MEMBER’S 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 member’s equity $143,376.50
TOTAL LIABILITIES AND MEMBER’S EQUITY $363,295.94