Orchards Home Owners Association
2008 Income/Expense Statement
As of December 31, 2008
Income
Dues $325 x 99 32,175.00
Late Charges 125.00
Other Income 150.00
Total Income 32,450.00
Expenses
Business (79.40)
Collections -
Grounds (5,300.43)
Insurance (2,314.00)
Lic/Permits (10.00)
Office Supplies (103.60)
Postage (83.00)
Printing (197.32)
Repairs -
Safe Deposit Box (40.00)
Snow Removal (15,183.84)
Street Sweeping (515.85)
Towing (125.00)
Utilities (1,537.18)
Total Expenses (25,489.62)
2008 Income less Expenses 6,960.38
Beginning Balance January 1, 2008 12,182.75
2008 Adjusted Cash Balance 19,143.13
Transfer to Reserve Account (5,000.00)
Checking Account Balance 14,143.13
Reserve Account Balance 15,434.95
Net Assets as of December 31, 2008 29,578.08
