Balance Sheet Reports

The Balance Sheet provides a financial statement that summarizes the Assoiation's assets, liabilities and owner's equity at a specific point in time. In general this report is normally prepared at the end of fiscal year to reflect on the financial health of the Association. Since the Association has a favorable Reserve Fund (funds used for future major repairs and replacements), it's evident that the Association is enjoying a very favorable financial position.

Financial Reviews

The financial review is an accountant's review of the statement of assets, liabilities, and member's equity, as well as the statement of revenues, expenses, and changes in the member's year-end equity. We conduct the Financial Review by applying analytical procedures to management-provided data. As such, the Association has established a policy to have these reviews performed by an independent CPA every four years and by non-CPAs during the intervening years.

2020 Income/Expense Report

2023 Budget Approved

2022 Budget

January through December 2022