Financial Statements

of
COBBLESTONE CONDOMINIUM ASSOCIATION
For the Periods Ended April 30, 2009 and 2008

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
April 30, 2009 and 2008

Assets

			As of				As of		
			Apr. 30, 2009				Apr. 30, 2008		

	Current Assets
	CASH IN BANK-CHECKING	$		6,136.23	$		5,563.62	
	CASH IN BANK-SAVINGS			19,005.80			14,574.30	
	ACCOUNTS RECEIVABLE-DUES			(300.00)			0.00	

	Total Current Assets	$		24,842.03	$		20,137.92	

	Total Assets	$		24,842.03	$		20,137.92	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
April 30, 2009 and 2008

Liabilities and Equity

			As of				As of		
			Apr. 30, 2009				Apr. 30, 2008		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			18,373.69			14,053.69	

	Total Current Liabilities	$		19,033.69	$		14,713.69	

	Equity
	RETAINED EARNINGS			5,446.33			4,595.91	
	Current Income (Loss)			362.01			828.32	

	Total Equity			5,808.34			5,424.23	

	Total Liabilities & Equity	$		24,842.03	$		20,137.92	

COBBLESTONE CONDOMINIUM ASSOCIATION
Income Statement
For the Periods Ended April 30, 2009 and 2008

			1 Month Ended								1 Month Ended								4 Months Ended								4 Months Ended						
			Apr. 30, 2009				Pct				Apr. 30, 2008				Pct				Apr. 30, 2009				Pct				Apr. 30, 2008				Pct		

	Revenue
	INCOME-DUES	$		1,980.00			82.91	$		1,980.00			85.37	$		7,920.00			84.59	$		7,920.00			85.14	
	INCOME-RESERVE			330.00			13.82			330.00			14.23			1,320.00			14.10			1,320.00			14.19	
	INCOME-LATE FEES			72.00			3.01			0.00			0.00			92.00			0.98			21.00			0.23	
	INCOME-INTEREST			6.21			0.26			9.44			0.41			30.87			0.33			41.33			0.44	

	Total Revenue			2,388.21			100.00			2,319.44			100.00			9,362.87			100.00			9,302.33			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			4.19			100.00			4.31			400.00			4.27			400.00			4.30	
	CABLE TV			399.68			16.74			375.03			16.17			1,549.42			16.55			1,463.36			15.73	
	OFFICE EXPENSES			0.00			0.00			0.00			0.00			38.02			0.41			41.00			0.44	
	RESERVE ACCOUNT			360.00			15.07			360.00			15.52			1,440.00			15.38			1,440.00			15.48	
	SNOWPLOWING			500.00			20.94			434.50			18.73			2,000.00			21.36			1,680.33			18.06	
	TRASH REMOVAL			120.55			5.05			120.55			5.20			482.20			5.15			482.20			5.18	
	WATER & SEWER			1,361.72			57.02			1,281.96			55.27			2,714.32			28.99			2,586.30			27.80	
	UTILITIES			84.65			3.54			99.17			4.28			376.90			4.03			380.82			4.09	

	Total Expenses			2,926.60			122.54			2,771.21			119.48			9,000.86			96.13			8,474.01			91.10	

	Net Income (Loss)	$		(538.39)			(22.54)	$		(451.77)			(19.48)	$		362.01			3.87	$		828.32			8.90