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 MEMBERíS 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 memberís equity                                                                    $224,171.18

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                       $442,995.86