Financial Statements

of
COBBLESTONE CONDOMINIUM ASSOCIATION
For the Periods Ended September 30, 2011 and 2010

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
September 30, 2011 and 2010

Assets

			As of				As of		
			Sep. 30, 2011				Sep. 30, 2010		

	Current Assets
	CASH IN BANK-CHECKING	$		8,554.83	$		10,731.42	
	CASH IN BANK-SAVINGS			9,812.34			10,517.64	
	90 DAY CD			10,032.44			10,000.00	
	ACCOUNTS RECEIVABLE-DUES			(40.00)			0.00	

	Total Current Assets	$		28,359.61	$		31,249.06	

	Total Assets	$		28,359.61	$		31,249.06	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
September 30, 2011 and 2010

Liabilities and Equity

			As of				As of		
			Sep. 30, 2011				Sep. 30, 2010		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			18,743.39			19,816.04	

	Total Current Liabilities	$		19,403.39	$		20,476.04	

	Equity
	RETAINED EARNINGS			7,102.07			7,406.47	
	Current Income (Loss)			1,854.15			3,366.55	

	Total Equity			8,956.22			10,773.02	

	Total Liabilities & Equity	$		28,359.61	$		31,249.06	

COBBLESTONE CONDOMINIUM ASSOCIATION
Income Statement
For the Periods Ended September 30, 2011 and 2010

			1 Month Ended								1 Month Ended								9 Months Ended								9 Months Ended						
			Sep. 30, 2011				Pct				Sep. 30, 2010				Pct				Sep. 30, 2011				Pct				Sep. 30, 2010				Pct		

	Revenue
	INCOME-DUES	$		2,160.00			85.70	$		2,160.00			84.18	$		19,440.00			85.06	$		19,440.00			82.99	
	INCOME-RESERVE			360.00			14.28			360.00			14.03			3,240.00			14.18			3,240.00			13.83	
	INCOME-WORK DAY			0.00			0.00			0.00			0.00			0.00			0.00			630.00			2.69	
	INCOME-LATE FEES			0.00			0.00			45.00			1.75			147.00			0.64			86.00			0.37	
	INCOME-INTEREST			0.43			0.02			1.07			0.04			28.21			0.12			28.67			0.12	

	Total Revenue			2,520.43			100.00			2,566.07			100.00			22,855.21			100.00			23,424.67			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			3.97			100.00			3.90			900.00			3.94			900.00			3.84	
	BANK SERVICE CHARGE			0.00			0.00			0.00			0.00			0.00			0.00			5.00			0.02	
	CABLE TV			435.27			17.27			413.19			16.10			3,873.54			16.95			3,690.65			15.76	
	LICENSES			10.00			0.40			0.00			0.00			10.00			0.04			0.00			0.00	
	MANAGEMENT FEE			400.00			15.87			400.00			15.59			3,200.00			14.00			2,000.00			8.54	
	OFFICE EXPENSES			0.00			0.00			0.00			0.00			100.23			0.44			15.50			0.07	
	REPAIRS & MAINTENANCE			0.00			0.00			0.00			0.00			1,000.00			4.38			1,475.61			6.30	
	RESERVE ACCOUNT			360.00			14.28			360.00			14.03			3,240.00			14.18			3,240.00			13.83	
	SNOWPLOWING			0.00			0.00			0.00			0.00			1,795.00			7.85			1,600.00			6.83	
	TRASH REMOVAL			146.43			5.81			128.52			5.01			1,295.34			5.67			1,158.76			4.95	
	WATER & SEWER			0.00			0.00			0.00			0.00			4,119.96			18.03			4,100.81			17.51	
	WORK DAY EXPENSES			0.00			0.00			0.00			0.00			765.25			3.35			1,212.24			5.18	
	UTILITIES			39.68			1.57			31.18			1.22			701.74			3.07			659.55			2.82	

	Total Expenses			1,491.38			59.17			1,432.89			55.84			21,001.06			91.89			20,058.12			85.63	

	Net Income (Loss)	$		1,029.05			40.83	$		1,133.18			44.16	$		1,854.15			8.11	$		3,366.55			14.37