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Understanding Your Monthly Balance Sheet

Balance SHEETP roperty - America s Best HOA (ame411) *As of = 03/2011 ASSETSOPERATING FUNDSCHECKING ACCOUNT2, OPERATING FUNDS2, FUNDSC itizens Business 254-0010029, Bank 055756454210, Bank & Trust 203456454910, RESERVE FUNDSTOTAL ASSETS32, EQUITYRETAINED EARNINGS - PRIOR YEARS30, EARNINGS - CURRENT YEAR2, MEMBERS EQUITY32, your Monthly Balance Sheet1. Balance SheetThe Balance Sheet displays a snapshot of the HOA s nancial condition at the end of each month. It lists the association s total assets and members' equity. The Total Assets should equal the Total Members AssetsAssets are all of the funds which an HOA owns, speci cally the operating account and all reserve accounts.

Understanding Your Monthly Balance Sheet The accounts listed on the Balance Sheet indicate those which Beven & Brock has been made aware of. In order for the monthly ˜nancial to

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