Transcription of SAMPLE CONDOMINIUM FINANCIAL STATEMENTS FOR …
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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) .. 6. STATEMENTS OF CASH 7. NOTES TO FINANCIAL 8 12. REPORT ON SUPPLEMENTARY 13. STATEMENTS OF OPERATIONS AND RELATED BUDGETS .. 14. Greenberg & Brennan, CPA's, Certified Public Accountants 111 JOHN STREET TELEPHONE (212) 370-1488. SUITE 1810 FAX (212) 370-1513.
Board of Managers implemented a 25% increase in common charges to fund the Association’s prior year deficit and to accommodate rising operating costs. There were no increases in common charges in 2009 and 2010. For 2011, the Board of Managers approved a 10% decrease in common charges.
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