31 Dec 2011
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Dec 31, 11
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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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5,689.98
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Chase Reserve Account
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6,486.55
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Total Checking/Savings
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12,176.53
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Accounts Receivable
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Due from members
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14,499.34
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Total Accounts Receivable
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14,499.34
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Total Current Assets
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26,675.87
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Fixed Assets
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Accumulated Depreciation
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-16,233.78
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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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0.00
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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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26,725.87
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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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8,914.07
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Net Income
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15,637.04
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Total Equity
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26,725.87
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TOTAL LIABILITIES & EQUITY
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26,725.87
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