Willow Pointe HOA, INC
Balance Sheet
September 30, 2008
ASSETS
Checking Prosperity $ 5,614.33
Temp Transfer Countrywide M/M $30,000.00
Reserves
Prosperity M/M $ 29,203.93
Smith Barney $ 80,205.72
GMAC CD $ 60,000.00
Countrywide M/M $ 49,267.06
Total Assets $218,676.71
Accounts Receivable
2007 Owner Assessments $ 448.00
2008 Owner Assessments $ 8,319.62
A/R Collection Fees $ 336.00
A/R Lawn $ 190.00
A/R Late charges $ 578.31
A/R Legal fees $ 7,645.00
A/R Opening balance $20,016.90
A/R Other $ 150.00
$ 37,683.83
Total Assets $291,974.87
Pre-paid insurance $ 6,057.26
Total other assets $ 6,057.26
Total Assets $298,032.13
LIABILITIES AND MEMBER’S EQUITY
Current Liabilities
Prepaid-HOA Fees $ 2,043.04
Prepaid-Legal Fees $ 305.00
Total Liabilities $ 2,348.04
Reserves
Beginning balance $198,471.02
2008 Reserves $ 16,361.00
Interest income $ 4,846.60
Capital Expenses $ -1,001.91
Total Reserves $218,676.71
Member Capital
Prior Years equity $ 68,527.66
Accrual basis equity $ 35,335.79
Total homeowners capital $103,863.45
YTD excess/deficit $ -26,856.07
Total member’s equity $ 77,007.38
TOTAL LIABILITIES AND MEMBER’S EQUITY $298,032.13