18 Feb 2010
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Dec 31, 09
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ASSETS
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Current Assets
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Checking/Savings
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Chase Operating Account
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4,842.60
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Chase Reserve Account
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1,686.26
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Total Checking/Savings
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6,528.86
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Accounts Receivable
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Due from members
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-1,664.00
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Total Accounts Receivable
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-1,664.00
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Other Current Assets
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Expenses due from residents
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2321 Fairmont
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2,102.89
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9430 Dunhill
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480.39
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9500 Belaire
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600.00
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Total Expenses due from residents
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3,183.28
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Total Other Current Assets
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3,183.28
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Total Current Assets
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8,048.14
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Fixed Assets
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Accumulated Depreciation
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-9,258.00
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Entrance Fencing
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11,800.00
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Entrance Signage
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2,300.00
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Golf Cart
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2,133.78
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Total Fixed Assets
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6,975.78
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Other Assets
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Deposits
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50.00
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Total Other Assets
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50.00
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TOTAL ASSETS
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15,073.92
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LIABILITIES & EQUITY
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Equity
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Opening Bal Equity
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2,174.76
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Retained Earnings
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16,792.87
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Net Income
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-3,893.71
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Total Equity
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15,073.92
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TOTAL LIABILITIES & EQUITY
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15,073.92
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