Financial Statements

of
COBBLESTONE CONDOMINIUM ASSOCIATION
For the Periods Ended January 31, 2023 and 2022

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2023 and 2022

Assets

			As of				As of		
			Jan. 31, 2023				Jan. 31, 2022		

	Current Assets
	CASH IN BANK-CHECKING	$		403.19	$		2,492.89	
	CASH IN BANK-RESERVE SAVINGS			24,230.47			19,324.37	
	ACCOUNTS RECEIVABLE-DUES			1,200.00			0.00	
	PREPAID INSURANCE			620.79			617.27	

	Total Current Assets	$		26,454.45	$		22,434.53	

	Total Assets	$		26,454.45	$		22,434.53	

COBBLESTONE CONDOMINIUM ASSOCIATION
Balance Sheet
January 31, 2023 and 2022

Liabilities and Equity

			As of				As of		
			Jan. 31, 2023				Jan. 31, 2022		

	Current Liabilities
	Accounts Payable	$		1,400.00	$		6,175.00	
	DEPOSITS PAYABLE			660.00			660.00	
	RESERVE			25,721.98			19,323.39	

	Total Current Liabilities	$		27,781.98	$		26,158.39	

	Equity
	RETAINED EARNINGS			410.70			(2,236.56)	
	Current Income (Loss)			(1,738.23)			(1,487.30)	

	Total Equity			(1,327.53)			(3,723.86)	

	Total Liabilities & Equity	$		26,454.45	$		22,434.53	

COBBLESTONE CONDOMINIUM ASSOCIATION
Income Statement
For the Periods Ended January 31, 2023 and 2022

			1 Month Ended								1 Month Ended								1 Month Ended								1 Month Ended						
			Jan. 31, 2023				Pct				Jan. 31, 2022				Pct				Jan. 31, 2023				Pct				Jan. 31, 2022				Pct		

	Revenue
	INCOME-DUES	$		3,300.00			68.74	$		3,300.00			68.75	$		3,300.00			68.74	$		3,300.00			68.75	
	INCOME-RESERVE			1,500.00			31.24			1,500.00			31.25			1,500.00			31.24			1,500.00			31.25	
	INCOME-INTEREST			0.98			0.02			0.00			0.00			0.98			0.02			0.00			0.00	

	Total Revenue			4,800.98			100.00			4,800.00			100.00			4,800.98			100.00			4,800.00			100.00	

	Operating Expenses
	BOOKKEEPING			175.00			3.65			150.00			3.13			175.00			3.65			150.00			3.13	
	CABLE TV			456.00			9.50			456.00			9.50			456.00			9.50			456.00			9.50	
	INSURANCE			1,053.99			21.95			884.34			18.42			1,053.99			21.95			884.34			18.42	
	MANAGEMENT FEE			350.00			7.29			300.00			6.25			350.00			7.29			300.00			6.25	
	OFFICE EXPENSES			0.00			0.00			58.00			1.21			0.00			0.00			58.00			1.21	
	REPAIRS & MAINTENANCE			36.00			0.75			0.00			0.00			36.00			0.75			0.00			0.00	
	RESERVE ACCOUNT			1,500.00			31.24			1,500.00			31.25			1,500.00			31.24			1,500.00			31.25	
	SNOWPLOWING			0.00			0.00			650.00			13.54			0.00			0.00			650.00			13.54	
	TRASH REMOVAL			434.24			9.04			360.56			7.51			434.24			9.04			360.56			7.51	
	WATER & SEWER			2,281.15			47.51			1,928.40			40.18			2,281.15			47.51			1,928.40			40.18	
	UTILITIES			252.83			5.27			0.00			0.00			252.83			5.27			0.00			0.00	

	Total Expenses			6,539.21			136.21			6,287.30			130.99			6,539.21			136.21			6,287.30			130.99	

	Net Income (Loss)	$		(1,738.23)			(36.21)	$		(1,487.30)			(30.99)	$		(1,738.23)			(36.21)	$		(1,487.30)			(30.99)