Homeowner's Assoc InformationGLACIER VILLAGE GREENS HOMEOWNERS ASSOCIATION
TREASURERS REPORT
SEPTEM.BER 12, 2000
The Financial Statements for Glacier Village Greens Homeowners Association
have been printed out and copies are available for each homeowner. An audit report
from August 1, 1999 through July 31, 2000 was completed. The findings and
recommendations are being considered. It was recommened to do an official Audit for
the Fiscal Year, January 1, 2000 to December 31, 2000 instead of Fall meeting to Fall
meeting as was previously done. Therefore the "official" Audit report of the financial
records of Glacier Village Greens Homeowners Association will be presented at the
Spring 2001 meeting.
All homeowners fees assesed for the year 2000 have been collected. All monies
received are deposited directly to the Money Market account at First Interstate Bank in
Evergreen, funds are transferred to the operating account to cover expenses as needed.
There are currently two lots that have liens tiled on them for back homeowner fees and
are reflected on the Balance Sheet statement.
If anyone has any questions reguarding the financial reports please contact Ginny
Bell at 756-0800.
Respectfully submitted Rena Nauman Secretary/Treasurer and Ginny Bell
Bookkeeper.
Gtacier`v Wage Greens Homeowners Association
09/10/00 Balance Sheet
As of September 9, 2000
Sep 9, '00
ASSETS
Current Assets
Checking/Savings
1011-1 - First Interstate Operating 517.99
1010-1 - First Interstate MM 45,698.46
1015-1 - First Interstate CD
1016-1 - CD -FIB 12Mo. 5,559.81
1017-1 - CD -FIB 36Mo. 11,310.32
Total 1015-1 - First Interstate CD 16,870.13
Total Checking/Savings 63,086,58
Accounts Receivable
1129-1 - Accounts Receivable
1130-1 - 1998 HO Fees 796.06
1131-1 - 1999 HO Fees 240.00
1132-1 - 2000 HO Fees 224.75
1150-1 - Glacier Villiage Greens Inc. 330.00
Total 1129-1 - Accounts Receivable 1,590.81
Total Accounts Receivable 1,590.81
Total Current Assets
64,677.39
Other Assets
1200-1 - Petty Cash
50.00
Total Other Assets
50.00
TOTAL ASSETS
64,727.39
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
2010-1 - Construction Deposits
3,500.00
Total Other Current Liabilities
3,500.00
Total Current Liabilities
3,500.00
Total Liabilities
3,500.00
Equity
3100-01 - Charge offs
-97.40
3000.Opening Bal Equity
8,199.00
3900. Retained Earnings
36,904.33
Net Income
16,221.46
Total Equity 61,227.39
TOTAL LIABILITIES & EQUITY 64,727.39
Page 1
Glaci Village Greens Homeowners As* iation
09/10/00 Profit and Loss
January 1 through September 9, 2000
Jan 1 - Sep 9, '00
Income
4010-1 • Interest Income
1,251.41
4020-1 - Lot Fees
28, 580.00
4021-1 - Vacant Lot Mowing
39.00
4022-1 - Vacant Lot Weeding
15.75
4025-1 - GVG Inc. Lot Fees
3,120.00
4040-1 - Reimbursed Expenses
4045-1 - Phone books
90.00
Total 4040-1 - Reimbursed Expenses 90.00
Total Income 33, 096.16
Expense
6045-1 - Snow Plowing
1,526.45
6005-1 - Bookkeeping
359.00
6010-1 • Utilities
6012-1 - Flathead Electric
2,405.54
Total 6010-1 - Utilities
2,405.54
6020-1 - License & Fees
10.00
6025-1 - Bank Charges
8.00
6026-1 - Safety Deposit Box Rent
25.00
6030-1 - Postage
99.00
6031-1 - Post Office Box Rent
22.00
6050-1 - Miscellaneous
360.00
6060-1 - Office Supplies
555.11
6070-1 - Meeting Room
100.00
6090-1 - Insurance
1,818.00
6095-1 - Property Taxes
300.30
6100-1 - Grounds Maintenance
8,763.80
6110-1 - Street Maintenance
522.50
Total Expense 16,874.70
Net Income 16,221.46
Glacier Village Greens Homeowners Association
09/10/00 Transaction Detail By Account
January 1 through September 9, 2000
Type Date
6050-1 - Miscellaneous
Check 6/8/00
Check 7/25/00
Total 6050-1 • Miscellaneous
TOTAL
Name
Bill Eckert
James E. Connolly
Memo
Gift for retiring HO President
Preparation of covenants
Amount Balance
100.00
100.00
260.00
360.00
360.00
360.00
360.00 360.00
J, 02