Balance Sheet Saturday, December 31, 2011 Powhatan CSA
Cash Accounting Year Starts January 1, 2011 ASSETS Current Assets Ches. Oper. Res. MM Smartstreet Checking SunTrust Oper. Res MM
$1,546.05 $47,188.09 $3,213.33 Total Current Assets
Capital Reserve Assets SunTrust Checking SunTrust Repl Res. MM
$51,947.47 $1,644.00 $166,823.22
Total Capital Reserve Assets Cluster Way Assets Cluster Way Checking ST ClusterWay CD10/12 .65%
$168,467.22 $1,020.23 $27,834.05
Total Cluster Way Assets Fixed Assets Acc Dep Brick Entrance Accim Deprec Pavillion Accum Dep. F & F Accum Depr Improv. Bldgs Accum Deprec- Clubhouse Accum Deprec. Multi Bldg Accum Depreciation Pool Clubhouse Depreciation Entrance/Rec Signs Furniture and Fixtures Improvements -Bldg Multi Use Building Pavillon Pool - Fixed Asse
$28,854.28 ($5,800.40) ($8,808.70) ($1,164.20) ($4,277.37) ($31,518.67) ($1,744.90) ($115,039.13) $225,616.93 $21,266.37 $14,470.85 $3,785.00 $8,340.00 $5,677.00 $28,651.00 $215,402.00
Total Fixed Assets
$354,855.78
TOTAL ASSETS
$604,124.75
LIABILITIES Current Liabilities Member Open Credits Trash Program Liab.
$32,661.69 $4,683.00 Total Current Liabilities
Long Term Liabilities Clubhouse Damage Deposit
$37,344.69 $150.00
Total Long Term Liabilities
$150.00
TOTAL LIABILITIES
$37,494.69
EQUITY Current Year Earnings Retained Earnings
($47,360.29) $613,990.35 TOTAL EQUITY
$566,630.06
TOTAL LIABILITIES AND EQUITY
$604,124.75
Prepared by Berkeley Realty Property Management, Document 54-11226-11 (Powhatan Community)
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