Financial Statements

of
COBBLESTONE CONDOMINIUM ASSOCIATION
For the Periods Ended January 31, 2010 and 2009

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2010 and 2009

Assets

			As of				As of		
			Jan. 31, 2010				Jan. 31, 2009		

	Current Assets
	CASH IN BANK-CHECKING	$		7,477.88	$		4,698.44	
	CASH IN BANK-SAVINGS			22,290.04			17,903.96	
	ACCOUNTS RECEIVABLE-DUES			(420.00)			590.00	

	Total Current Assets	$		29,347.92	$		23,192.40	

	Total Assets	$		29,347.92	$		23,192.40	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2010 and 2009

Liabilities and Equity

			As of				As of		
			Jan. 31, 2010				Jan. 31, 2009		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			21,613.69			17,293.69	

	Total Current Liabilities	$		22,273.69	$		17,953.69	

	Equity
	RETAINED EARNINGS			7,406.47			5,446.33	
	Current Income (Loss)			(332.24)			(207.62)	

	Total Equity			7,074.23			5,238.71	

	Total Liabilities & Equity	$		29,347.92	$		23,192.40	

COBBLESTONE CONDOMINIUM ASSOCIATION
Income Statement
For the Periods Ended January 31, 2010 and 2009

			1 Month Ended								1 Month Ended								1 Month Ended								1 Month Ended						
			Jan. 31, 2010				Pct				Jan. 31, 2009				Pct				Jan. 31, 2010				Pct				Jan. 31, 2009				Pct		

	Revenue
	INCOME-DUES	$		2,160.00			85.26	$		1,980.00			85.38	$		2,160.00			85.26	$		1,980.00			85.38	
	INCOME-RESERVE			360.00			14.21			330.00			14.23			360.00			14.21			330.00			14.23	
	INCOME-LATE FEES			10.00			0.39			0.00			0.00			10.00			0.39			0.00			0.00	
	INCOME-INTEREST			3.42			0.13			9.03			0.39			3.42			0.13			9.03			0.39	

	Total Revenue			2,533.42			100.00			2,319.03			100.00			2,533.42			100.00			2,319.03			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			3.95			100.00			4.31			100.00			3.95			100.00			4.31	
	CABLE TV			399.68			15.78			375.03			16.17			399.68			15.78			375.03			16.17	
	RESERVE ACCOUNT			360.00			14.21			360.00			15.52			360.00			14.21			360.00			15.52	
	SNOWPLOWING			400.00			15.79			500.00			21.56			400.00			15.79			500.00			21.56	
	TRASH REMOVAL			129.17			5.10			120.55			5.20			129.17			5.10			120.55			5.20	
	WATER & SEWER			1,356.23			53.53			960.00			41.40			1,356.23			53.53			960.00			41.40	
	UTILITIES			120.58			4.76			111.07			4.79			120.58			4.76			111.07			4.79	

	Total Expenses			2,865.66			113.11			2,526.65			108.95			2,865.66			113.11			2,526.65			108.95	

	Net Income (Loss)	$		(332.24)			(13.11)	$		(207.62)			(8.95)	$		(332.24)			(13.11)	$		(207.62)			(8.95)