Financial Statements

of
COBBLESTONE CONDOMINIUM ASSOCIATION
For the Periods Ended August 31, 2009 and 2008

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
August 31, 2009 and 2008

Assets

			As of				As of		
			Aug. 31, 2009				Aug. 31, 2008		

	Current Assets
	CASH IN BANK-CHECKING	$		9,316.10	$		8,213.20	
	CASH IN BANK-SAVINGS			20,469.02			16,055.74	
	ACCOUNTS RECEIVABLE-DUES			(130.00)			(210.00)	

	Total Current Assets	$		29,655.12	$		24,058.94	

	Total Assets	$		29,655.12	$		24,058.94	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
August 31, 2009 and 2008

Liabilities and Equity

			As of				As of		
			Aug. 31, 2009				Aug. 31, 2008		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			19,813.69			15,493.69	

	Total Current Liabilities	$		20,473.69	$		16,153.69	

	Equity
	RETAINED EARNINGS			5,446.33			4,595.91	
	Current Income (Loss)			3,735.10			3,309.34	

	Total Equity			9,181.43			7,905.25	

	Total Liabilities & Equity	$		29,655.12	$		24,058.94	

COBBLESTONE CONDOMINIUM ASSOCIATION
Income Statement
For the Periods Ended August 31, 2009 and 2008

			1 Month Ended								1 Month Ended								8 Months Ended								8 Months Ended						
			Aug. 31, 2009				Pct				Aug. 31, 2008				Pct				Aug. 31, 2009				Pct				Aug. 31, 2008				Pct		

	Revenue
	INCOME-DUES	$		2,160.00			78.69	$		1,980.00			85.30	$		16,200.00			82.08	$		15,840.00			83.13	
	INCOME-RESERVE			360.00			13.12			330.00			14.22			2,700.00			13.68			2,640.00			13.86	
	INCOME-WORK DAY			210.00			7.65			0.00			0.00			630.00			3.19			420.00			2.20	
	INCOME-LATE FEES			10.00			0.36			0.00			0.00			102.00			0.52			21.00			0.11	
	INCOME-TRANSFERS			0.00			0.00			0.00			0.00			50.00			0.25			50.00			0.26	
	INCOME-INTEREST			4.84			0.18			11.11			0.48			54.09			0.27			82.77			0.43	

	Total Revenue			2,744.84			100.00			2,321.11			100.00			19,736.09			100.00			19,053.77			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			3.64			100.00			4.31			800.00			4.05			800.00			4.20	
	CABLE TV			399.68			14.56			375.10			16.16			3,148.14			15.95			2,963.55			15.55	
	OFFICE EXPENSES			0.00			0.00			0.00			0.00			38.02			0.19			41.00			0.22	
	REPAIRS & MAINTENANCE			17.48			0.64			0.00			0.00			130.28			0.66			764.00			4.01	
	RESERVE ACCOUNT			360.00			13.12			360.00			15.51			2,880.00			14.59			2,880.00			15.12	
	SNOWPLOWING			0.00			0.00			0.00			0.00			2,000.00			10.13			1,680.33			8.82	
	TRANSFER FEE			0.00			0.00			0.00			0.00			50.00			0.25			50.00			0.26	
	TRASH REMOVAL			118.20			4.31			120.55			5.19			965.70			4.89			967.40			5.08	
	WATER & SEWER			404.45			14.73			0.00			0.00			4,078.77			20.67			3,910.82			20.53	
	WORK DAY EXPENSES			0.00			0.00			0.00			0.00			1,353.30			6.86			949.99			4.99	
	UTILITIES			33.30			1.21			0.00			0.00			556.78			2.82			737.34			3.87	

	Total Expenses			1,433.11			52.21			955.65			41.17			16,000.99			81.07			15,744.43			82.63	

	Net Income (Loss)	$		1,311.73			47.79	$		1,365.46			58.83	$		3,735.10			18.93	$		3,309.34			17.37