SAMPLE CONDOMINIUM FINANCIAL STATEMENTS FOR THE …

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.

For purpose of the statement of cash flows, the Association considers all highly liquid operating (undesignated) instruments with maturity of three months or less to be cash equivalents. C. Recognition of Assets The Association adopted the following accounting principles which are stated in the audit and accounting guide for Common Interest ...

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  Testament, Flows, Sachs, Statement of cash flows

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