SAMPLE CONDOMINIUM FINANCIAL STATEMENTS FOR …
SAMPLE CONDOMINIUM . FINANCIAL STATEMENTS . FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009. SAMPLE CONDOMINIUM . INDEX. Page INDEPENDENT AUDITORS' REPORT ........................................ .................................. 1. BALANCE SHEETS ........................................ ........................................ ............................ 2 3. STATEMENTS OF OPERATIONS AND CHANGES IN MEMBERS' 4. Administrative Expenses (Schedule 1) ........................................ .............................. 5. Operating Expenses (Schedule 2) ........................................ ...................................... 5. Repairs and Maintenance (Schedule 3) ........................................ .............................. 6. Taxes (Schedule 4)...................................... ........................................ ...................... 6. Major Repairs and Replacements (Schedule 5).
replacements that the American Institute of Certified Public Accountants has determined is required to supplement, although not required to be part of, the basic financial statements. ... Reserve Fund (Note 4) 222,576 91,797 Total Cash and Equivalents 287,244 178,457 Mortgage Defeasance Fund (Note 4) 129,468 67,325 Unit Owner ...
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