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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.

See Independent Auditors’ Report and Notes to Financial Statements. – 7 – SAMPLE CONDOMINIUM STATEMENTS OF CASH FLOWS For the Years Ended December 31, 2010 2009 CASH FLOWS FROM OPERATING ACTIVITIES: Net Surplus $ 157,709 $ 206,600 Adjustments to Reconcile Net Surplus to Net Cash Provided by Operating Activities:

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