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Financial Information > Financial Statements


31 Dec 2007

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

Revised 9/17/2019 DG