| Manors at Central Park Condominium Association | ||||||||||
| December 2013 | ||||||||||
| Balance Sheet Report | ||||||||||
| (Assets = Liabilities + Equity) | ||||||||||
| (provided per the Condominium Bylaws, Article V, Section 3, "Books of Account") | ||||||||||
| Balances as of | ||||||||||
| Nov. 30, 2013 | ||||||||||
| Assets | ||||||||||
| Total Operating Funds | $30,035.97 | |||||||||
| Total Reserve Funds | $62,285.35 | |||||||||
| Accounts Receivable | $3,246.43 | |||||||||
| Other Current Assets | $1,050.78 | |||||||||
| Total Assets | $96,618.53 | |||||||||
| Liabilities | ||||||||||
| Accounts Payable | ($1,534.00) | |||||||||
| Prepaid Assessments | $14,793.80 | |||||||||
| Total Liabilities | $13,259.80 | |||||||||
| Net Assets | $83,358.73 | |||||||||
| Owners Equity | $83,358.73 | |||||||||
| 2014 Budget | ||||||||||
| (provided per the Condominium Bylaws, Article V, Section 4, "Regular Monthly Assessments") | ||||||||||
| INCOME | Monthly assessments are unchanged from 2013: $225 per month for Units 16-167 | |||||||||
| $80 per month for Units 1-14 | ||||||||||
| Total Income from monthly assessments | $295,980 | |||||||||
| EXPENSES | ||||||||||
| Administrative | $25,850 | |||||||||
| Communications | $1,170 | |||||||||
| Payroll & Benefits | $5,730 | |||||||||
| Insurance | $16,000 | |||||||||
| Utilities | $68,109 | |||||||||
| Landscaping | $52,702 | |||||||||
| Irrigation | $5,200 | |||||||||
| Contracted Services | $3,290 | |||||||||
| Repair & Maintenance | $52,325 | |||||||||
| Professional Services | $35,158 | |||||||||
| Contribution to Replacement Reserves | $29,598 | |||||||||
| Total Operating Expenses | $295,132 | |||||||||
| INCOME less EXPENSES | $848 | |||||||||