Financial Statements

of
COBBLESTONE CONDOMINIUM ASSOCIATION
For the Periods Ended January 31, 2009 and 2008

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2009 and 2008

Assets

			As of				As of		
			Jan. 31, 2009				Jan. 31, 2008		

	Current Assets
	CASH IN BANK-CHECKING	$		4,698.44	$		4,132.34	
	CASH IN BANK-SAVINGS			17,903.96			13,463.85	
	ACCOUNTS RECEIVABLE-DUES			590.00			172.00	

	Total Current Assets	$		23,192.40	$		17,768.19	

	Total Assets	$		23,192.40	$		17,768.19	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2009 and 2008

Liabilities and Equity

			As of				As of		
			Jan. 31, 2009				Jan. 31, 2008		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			17,293.69			12,973.69	

	Total Current Liabilities	$		17,953.69	$		13,633.69	

	Equity
	RETAINED EARNINGS			5,446.33			4,595.91	
	Current Income (Loss)			(207.62)			(461.41)	

	Total Equity			5,238.71			4,134.50	

	Total Liabilities & Equity	$		23,192.40	$		17,768.19	

COBBLESTONE CONDOMINIUM ASSOCIATION
Income Statement
For the Periods Ended January 31, 2009 and 2008

			1 Month Ended								1 Month Ended								1 Month Ended								1 Month Ended						
			Jan. 31, 2009				Pct				Jan. 31, 2008				Pct				Jan. 31, 2009				Pct				Jan. 31, 2008				Pct		

	Revenue
	INCOME-DUES	$		1,980.00			85.38	$		1,980.00			85.31	$		1,980.00			85.38	$		1,980.00			85.31	
	INCOME-RESERVE			330.00			14.23			330.00			14.22			330.00			14.23			330.00			14.22	
	INCOME-INTEREST			9.03			0.39			10.88			0.47			9.03			0.39			10.88			0.47	

	Total Revenue			2,319.03			100.00			2,320.88			100.00			2,319.03			100.00			2,320.88			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			4.31			100.00			4.31			100.00			4.31			100.00			4.31	
	CABLE TV			375.03			16.17			356.85			15.38			375.03			16.17			356.85			15.38	
	OFFICE EXPENSES			0.00			0.00			41.00			1.77			0.00			0.00			41.00			1.77	
	RESERVE ACCOUNT			360.00			15.52			360.00			15.51			360.00			15.52			360.00			15.51	
	SNOWPLOWING			500.00			21.56			416.33			17.94			500.00			21.56			416.33			17.94	
	TRASH REMOVAL			120.55			5.20			120.55			5.19			120.55			5.20			120.55			5.19	
	WATER & SEWER			960.00			41.40			1,304.34			56.20			960.00			41.40			1,304.34			56.20	
	UTILITIES			111.07			4.79			83.22			3.59			111.07			4.79			83.22			3.59	

	Total Expenses			2,526.65			108.95			2,782.29			119.88			2,526.65			108.95			2,782.29			119.88	

	Net Income (Loss)	$		(207.62)			(8.95)	$		(461.41)			(19.88)	$		(207.62)			(8.95)	$		(461.41)			(19.88)