Income Statement: January – December, 2011

Jan – Dec 11
Income
Dues Income 12,480.00
Interest Income 138.23
Total Income 12,618.23
Expense
Accounting Services 1,420.00
Annual meeting expenses 150.00
Annual Registration 15.00
Bank Charges 32.50
Front Entrance Costs 33.97
Homes Assn Cleanup 875.00
Insurance 1,099.00
Internet Costs 123.84
Landscaping 2,107.17
Lawn Mowing 2,610.00
Legal Fees 90.00
Lien Fees 81.00
Postage & P O Box 266.60
Taxes 15.10
Trees 172.71
Utilities 162.00
Total Expense 9,253.89
Net Income 3,364.34

Income Statement: January – March 2012

Jan – Mar 2012
Income
Dues Income 720.00
Interest Income 38.11
Total Income 758.11
Expense
Accounting Services 375.00
Landscaping 90.84
Lien Fees 135.00
Office Expense 0.00
Taxes 13.00
Total Expense 613.84
Net Income 144.27

Balance Sheet

Dec 31, 11
ASSETS
Current Assets
Checking/Savings
Checking 7,709.87
Enterprise Bank – Money Market 16,653.37
Total Checking/Savings 24,363.24
Total Current Assets 24,363.24
TOTAL ASSETS 24,363.24
LIABILITIES & EQUITY
Equity
Retained Earnings 20,998.90
Net Income 3,364.34
Total Equity 24,363.24
TOTAL LIABILITIES & EQUITY 24,363.24