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 MEMBER’S 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 member’s equity $194,713.98
TOTAL LIABILITIES AND MEMBER’S EQUITY $413,551.83