Financial Statements

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

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
November 30, 2009 and 2008

Assets

			As of				As of		
			Nov. 30, 2009				Nov. 30, 2008		

	Current Assets
	CASH IN BANK-CHECKING	$		6,098.75	$		4,358.85	
	CASH IN BANK-SAVINGS			21,562.37			17,165.82	
	ACCOUNTS RECEIVABLE-DUES			(120.00)			400.00	

	Total Current Assets	$		27,541.12	$		21,924.67	

	Total Assets	$		27,541.12	$		21,924.67	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
November 30, 2009 and 2008

Liabilities and Equity

			As of				As of		
			Nov. 30, 2009				Nov. 30, 2008		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			20,893.69			16,573.69	

	Total Current Liabilities	$		21,553.69	$		17,233.69	

	Equity
	RETAINED EARNINGS			5,446.33			4,595.91	
	Current Income (Loss)			541.10			95.07	

	Total Equity			5,987.43			4,690.98	

	Total Liabilities & Equity	$		27,541.12	$		21,924.67	

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

			1 Month Ended								1 Month Ended								11 Months Ended								11 Months Ended						
			Nov. 30, 2009				Pct				Nov. 30, 2008				Pct				Nov. 30, 2009				Pct				Nov. 30, 2008				Pct		

	Revenue
	INCOME-DUES	$		2,160.00			83.74	$		1,980.00			85.43	$		22,680.00			82.88	$		21,780.00			83.72	
	INCOME-RESERVE			360.00			13.96			330.00			14.24			3,780.00			13.81			3,630.00			13.95	
	INCOME-WORK DAY			0.00			0.00			0.00			0.00			630.00			2.30			420.00			1.61	
	INCOME-LATE FEES			55.00			2.13			0.00			0.00			157.00			0.57			21.00			0.08	
	INCOME-TRANSFERS			0.00			0.00			0.00			0.00			50.00			0.18			50.00			0.19	
	INCOME-INTEREST			4.26			0.17			7.82			0.34			67.44			0.25			112.85			0.43	

	Total Revenue			2,579.26			100.00			2,317.82			100.00			27,364.44			100.00			26,013.85			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			3.88			100.00			4.31			1,100.00			4.02			1,100.00			4.23	
	BANK SERVICE CHARGE			0.00			0.00			5.00			0.22			0.00			0.00			5.00			0.02	
	CABLE TV			399.68			15.50			375.03			16.18			4,347.18			15.89			4,088.78			15.72	
	INSURANCE			0.00			0.00			0.00			0.00			5,193.00			18.98			5,012.00			19.27	
	LEGAL			0.00			0.00			0.00			0.00			325.00			1.19			0.00			0.00	
	LICENSES			0.00			0.00			0.00			0.00			0.00			0.00			10.00			0.04	
	OFFICE EXPENSES			0.00			0.00			14.00			0.60			92.02			0.34			55.00			0.21	
	REPAIRS & MAINTENANCE			0.00			0.00			0.00			0.00			574.66			2.10			1,149.00			4.42	
	RESERVE ACCOUNT			360.00			13.96			360.00			15.53			3,960.00			14.47			3,960.00			15.22	
	SNOWPLOWING			400.00			15.51			500.00			21.57			2,400.00			8.77			2,180.33			8.38	
	TRANSFER FEE			0.00			0.00			0.00			0.00			50.00			0.18			50.00			0.19	
	TRASH REMOVAL			121.20			4.70			120.55			5.20			1,329.30			4.86			1,329.05			5.11	
	WATER & SEWER			393.48			15.26			0.00			0.00			5,432.25			19.85			5,219.38			20.06	
	WORK DAY EXPENSES			0.00			0.00			0.00			0.00			1,353.30			4.95			949.99			3.65	
	UTILITIES			39.99			1.55			34.88			1.50			666.63			2.44			810.25			3.11	

	Total Expenses			1,814.35			70.34			1,509.46			65.12			26,823.34			98.02			25,918.78			99.63	

	Net Income (Loss)	$		764.91			29.66	$		808.36			34.88	$		541.10			1.98	$		95.07			0.37