Financial Statements

of
COBBLESTONE CONDOMINIUM ASSOCIATION
For the Periods Ended January 31, 2011 and 2010

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2011 and 2010

Assets

			As of				As of		
			Jan. 31, 2011				Jan. 31, 2010		

	Current Assets
	CASH IN BANK-CHECKING	$		6,656.64	$		7,477.88	
	CASH IN BANK-SAVINGS			6,927.15			22,290.04	
	90 DAY CD			10,009.95			0.00	
	ACCOUNTS RECEIVABLE-DUES			0.00			(420.00)	

	Total Current Assets	$		23,593.74	$		29,347.92	

	Total Assets	$		23,593.74	$		29,347.92	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2011 and 2010

Liabilities and Equity

			As of				As of		
			Jan. 31, 2011				Jan. 31, 2010		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			15,863.39			21,613.69	

	Total Current Liabilities	$		16,523.39	$		22,273.69	

	Equity
	RETAINED EARNINGS			7,102.07			7,406.47	
	Current Income (Loss)			(31.72)			(332.24)	

	Total Equity			7,070.35			7,074.23	

	Total Liabilities & Equity	$		23,593.74	$		29,347.92	

COBBLESTONE CONDOMINIUM ASSOCIATION
Income Statement
For the Periods Ended January 31, 2011 and 2010

			1 Month Ended								1 Month Ended								1 Month Ended								1 Month Ended						
			Jan. 31, 2011				Pct				Jan. 31, 2010				Pct				Jan. 31, 2011				Pct				Jan. 31, 2010				Pct		

	Revenue
	INCOME-DUES	$		2,160.00			85.70	$		2,160.00			85.26	$		2,160.00			85.70	$		2,160.00			85.26	
	INCOME-RESERVE			360.00			14.28			360.00			14.21			360.00			14.28			360.00			14.21	
	INCOME-LATE FEES			0.00			0.00			10.00			0.39			0.00			0.00			10.00			0.39	
	INCOME-INTEREST			0.53			0.02			3.42			0.13			0.53			0.02			3.42			0.13	

	Total Revenue			2,520.53			100.00			2,533.42			100.00			2,520.53			100.00			2,533.42			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			3.97			100.00			3.95			100.00			3.97			100.00			3.95	
	CABLE TV			413.12			16.39			399.68			15.78			413.12			16.39			399.68			15.78	
	OFFICE EXPENSES			61.63			2.45			0.00			0.00			61.63			2.45			0.00			0.00	
	RESERVE ACCOUNT			360.00			14.28			360.00			14.21			360.00			14.28			360.00			14.21	
	SNOWPLOWING			0.00			0.00			400.00			15.79			0.00			0.00			400.00			15.79	
	TRASH REMOVAL			138.80			5.51			129.17			5.10			138.80			5.51			129.17			5.10	
	WATER & SEWER			1,365.24			54.16			1,356.23			53.53			1,365.24			54.16			1,356.23			53.53	
	UTILITIES			113.46			4.50			120.58			4.76			113.46			4.50			120.58			4.76	

	Total Expenses			2,552.25			101.26			2,865.66			113.11			2,552.25			101.26			2,865.66			113.11	

	Net Income (Loss)	$		(31.72)			(1.26)	$		(332.24)			(13.11)	$		(31.72)			(1.26)	$		(332.24)			(13.11)