April 2008 Balance Sheet

Willow Pointe HOA, INC

Balance Sheet

April 30, 2008

 

ASSETS

Checking                   Prosperity                 $24,687.72

Temp Transfer          Prosperity M/M        $65,000.00

Temp Transfer          Countrywide M/M   $50,000.00

Reserves

Prosperity M/M                                $  29,920.11

Smith Barney                                                $ 79,609.57

GMAC CD                                         $ 60,000.00

Countrywide M/M                           $  48,123.41

 

Total Assets                                                  $217,653.09

 

Accounts Receivable

2007 Owner Assessments               $  2,785.65

2008 Owner Assessments               $21,380.91

A/R Collection Fees                         $  1,008.00

A/R Lawn                                          $     150.00

A/R Late charges                              $  1,898.47

A/R Legal fees                                  $  4,246.00

A/R Opening balance                      $23,457.85

A/R Other                                          $     175.00

                                                                        $ 55,101.88

 

Total Assets                                                                                      $412,442.69

Pre-paid insurance                          $ 1,109.14

Total other assets                                                                             $    1,109.14

 

Total Assets                                                                                      $413,551.83

LIABILITIES AND MEMBERíS EQUITY

 

Current Liabilities

            Prepaid-HOA Fees              $    1,184.76

            Total Liabilities                                                                    $   1,184.76

 

Reserves

            Beginning balance                           $198,471.02

            2008 Reserves                                   $  16,361.00

            Interest income                                 $     2,821.07

                        Total Reserves                                                          $217,653.09

 

Member Capital

Prior Years equity                                        $  67,347.66

Accrual basis equity                                                $  53,917.12

 

Total homeowners capital                           $121,264.78

YTD excess/deficit                                         $  73,449.50

 

Total memberís equity                                                                    $194,713.98

 

TOTAL LIABILITIES AND MEMBERíS EQUITY                       $413,551.83