Income Statement: January – December, 2011

Jan – Dec 11
Income
Dues Income12,480.00
Interest Income138.23
Total Income12,618.23
Expense
Accounting Services1,420.00
Annual meeting expenses150.00
Annual Registration15.00
Bank Charges32.50
Front Entrance Costs33.97
Homes Assn Cleanup875.00
Insurance1,099.00
Internet Costs123.84
Landscaping2,107.17
Lawn Mowing2,610.00
Legal Fees90.00
Lien Fees81.00
Postage & P O Box266.60
Taxes15.10
Trees172.71
Utilities162.00
Total Expense9,253.89
Net Income3,364.34

Income Statement: January – March 2012

Jan – Mar 2012
Income
Dues Income720.00
Interest Income38.11
Total Income758.11
Expense
Accounting Services375.00
Landscaping90.84
Lien Fees135.00
Office Expense0.00
Taxes13.00
Total Expense613.84
Net Income144.27

Balance Sheet

Dec 31, 11
ASSETS
Current Assets
Checking/Savings
Checking7,709.87
Enterprise Bank – Money Market16,653.37
Total Checking/Savings24,363.24
Total Current Assets24,363.24
TOTAL ASSETS24,363.24
LIABILITIES & EQUITY
Equity
Retained Earnings20,998.90
Net Income3,364.34
Total Equity24,363.24
TOTAL LIABILITIES & EQUITY24,363.24