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FinancialsOverview of Financials as of 2010 Calendar Year Budget and Reserve Study: Monthly Assessment = $104 Annual Homeowner Assessments = $8.4 million Annual Operating Budget = $13.6 million Capital Improvement Fund = $1.5 million Total Assets - $58 million Year-End Total Reserve Fund Balance - $5.1 million Percent Reserves Funded = 83% Operating Fund Balance = 2.5 milliion 2009 year-end audit shows the Association as fiscally sound. |