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December 31, 2007 |
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ASSETS |
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| Current Assets |
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Operating account |
4587 |
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Reserves |
7723 |
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12310 |
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2006 special assessments due |
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480 |
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2007 regular assessment due |
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175 |
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Expenses due from residents |
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1233 |
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| Total current assets |
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14198 |
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| Other Assets |
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Golf Cart |
2134 |
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Accumulated depreciation |
-305 |
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Security deposit |
50 |
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| Total assets |
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16077 |
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LIABILITIES & FUND BALANCE |
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| Current Liabilities |
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2008 assessments received |
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4550 |
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| Fund Balance |
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Balance at 12/31/06 |
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5116 |
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Excess of collections over expenses |
6411 |
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11527 |
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| Total Liabilities & fund balance |
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16077 |
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December 31, 2007 |
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| Income |
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Regular assessments |
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30275 |
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Estoppel income |
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793 |
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Interest Inco9me |
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35 |
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Total income |
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31103 |
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| Expenses |
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Administrative & office |
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976 |
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Website |
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203 |
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Bank and credit card fees |
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114 |
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Depreciation |
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305 |
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Ground maintenance |
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11212 |
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Insurance |
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4029 |
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Legal & accounting fees |
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1378 |
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Newsletter |
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80 |
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Meeting expense |
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233 |
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Community garage sale |
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83 |
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Postage & meter rental |
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627 |
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Storage unit rental |
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853 |
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Repairs & maintenance |
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2288 |
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Sprinkler repairs |
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1800 |
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Supplies & chemicals |
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58 |
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Licenses |
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94 |
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Utilities |
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359 |
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Total expenses |
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24692 |
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| Excess of collections over expenses |
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6411 |
