Willow Pointe HOA, INC
Balance Sheet
March 31, 2008
ASSETS
Checking Prosperity $43,421.86
Temp Transfer Prosperity M/M $65,000.00
Temp Transfer Countrywide M/M $50,000.00
Reserves
Prosperity M/M $ 29,823.47
Smith Barney $139,609.57
Countrywide M/M $ 47,833.88
Total Assets $217,266.92
Accounts Receivable
2007 Owner Assessments $ 2,821.37
2008 Owner Assessments $31,345.25
A/R Collection Fees $ 1,433.60
A/R Lawn $ 150.00
A/R Late charges $ 1,882.30
A/R Legal fees $ 4,403.00
A/R Opening balance $23,457.85
A/R other $ 150.00
$ 65,643.37
Total Assets $441,332.15
Pre-paid insurance $ 1,663.71
Total other assets $ 1,663.71
Total Assets $442,995.86
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities
Prepaid-HOA Fees $ 1,557.76
Total Liabilities $ 1,557.76
Reserves
Beginning balance $198,471.02
2008 Reserves $ 16,361.00
Interest income $ 2,434.90
Total Reserves $217,266.92
Member Capital
Prior Years equity $ 67,347.66
Accrual basis equity $ 64,085.61
Total homeowners capital $131,433.27
YTD excess/deficit $ 92,737.91
Total member’s equity $224,171.18
TOTAL LIABILITIES AND MEMBER’S EQUITY $442,995.86