Financial Statements

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

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
March 31, 2010 and 2009

Assets

			As of				As of		
			Mar. 31, 2010				Mar. 31, 2009		

	Current Assets
	CASH IN BANK-CHECKING	$		8,668.59	$		6,030.83	
	CASH IN BANK-SAVINGS			23,017.35			18,639.59	
	ACCOUNTS RECEIVABLE-DUES			420.00			350.00	

	Total Current Assets	$		32,105.94	$		25,020.42	

	Total Assets	$		32,105.94	$		25,020.42	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
March 31, 2010 and 2009

Liabilities and Equity

			As of				As of		
			Mar. 31, 2010				Mar. 31, 2009		

	Current Liabilities
	DEPOSITS PAYABLE	$		660.00	$		660.00	
	RESERVE			22,333.69			18,013.69	

	Total Current Liabilities	$		22,993.69	$		18,673.69	

	Equity
	RETAINED EARNINGS			7,406.47			5,446.33	
	Current Income (Loss)			1,705.78			900.40	

	Total Equity			9,112.25			6,346.73	

	Total Liabilities & Equity	$		32,105.94	$		25,020.42	

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

			1 Month Ended								1 Month Ended								3 Months Ended								3 Months Ended						
			Mar. 31, 2010				Pct				Mar. 31, 2009				Pct				Mar. 31, 2010				Pct				Mar. 31, 2009				Pct		

	Revenue
	INCOME-DUES	$		2,160.00			85.58	$		1,980.00			85.45	$		6,480.00			85.48	$		5,940.00			85.17	
	INCOME-RESERVE			360.00			14.26			330.00			14.24			1,080.00			14.25			990.00			14.19	
	INCOME-LATE FEES			0.00			0.00			0.00			0.00			10.00			0.13			20.00			0.29	
	INCOME-INTEREST			3.87			0.15			7.26			0.31			10.73			0.14			24.66			0.35	

	Total Revenue			2,523.87			100.00			2,317.26			100.00			7,580.73			100.00			6,974.66			100.00	

	Operating Expenses
	BOOKKEEPING			100.00			3.96			100.00			4.32			300.00			3.96			300.00			4.30	
	BANK SERVICE CHARGE			5.00			0.20			0.00			0.00			5.00			0.07			0.00			0.00	
	CABLE TV			398.92			15.81			399.68			17.25			1,197.52			15.80			1,149.74			16.48	
	OFFICE EXPENSES			0.00			0.00			0.00			0.00			15.50			0.20			38.02			0.55	
	RESERVE ACCOUNT			360.00			14.26			360.00			15.54			1,080.00			14.25			1,080.00			15.48	
	SNOWPLOWING			400.00			15.85			500.00			21.58			1,200.00			15.83			1,500.00			21.51	
	TRASH REMOVAL			128.84			5.10			120.55			5.20			387.00			5.11			361.65			5.19	
	WATER & SEWER			0.00			0.00			0.00			0.00			1,356.23			17.89			1,352.60			19.39	
	UTILITIES			105.31			4.17			90.65			3.91			333.70			4.40			292.25			4.19	

	Total Expenses			1,498.07			59.36			1,570.88			67.79			5,874.95			77.50			6,074.26			87.09	

	Net Income (Loss)	$		1,025.80			40.64	$		746.38			32.21	$		1,705.78			22.50	$		900.40			12.91