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. NEW YORK, NY 10038 WILLIAM J. GREENBERG, CPA A PRACTICE LIMITED TO. JOHN J. BRENNAN, CPA COOPERATIVES AND CONDOMINIUMS. ALBERT M. KUSHNIROV, CPA. INDEPENDENT AUDITORS' REPORT. To the Board of Managers and Unit Owners of SAMPLE CONDOMINIUM We have audited the accompanying balance sheets of SAMPLE CONDOMINIUM (the Association ) as of December 31, 2010 and 2009, and the related STATEMENTS of operations and changes in members'.

The financial statements do not include the cost of the individual units and the common elements of the condominium, except for units owned by the Association. Real estate taxes and mortgages applicable to the individual units are independently billed to and paid by each unit owner. These financial statements do not reflect such expenditures.

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