Ventana Lakes Property Owners Association

Board of Directors Meeting

Wednesday, December 14, 2005

Yacht Club

1:30 p.m.

1. VLPOA  BALANCE SHEET: as of  November 30
 

CURRENT ASSETS:

Operating Funds:                       330,255.16

Other Assets:                    15,185.67

Fixed Assets:                   154,912.66

Reserves:                         939,879.68

  Gardens Reserves:                       25,112.14

TOTAL ASSETS:                   $1,465,345.31

 CURRENT LIABILITIES:               $1,465,345.31

Total Liabilities:                           44,650.96             

          Equity:                                    1,420.694.35

TOTAL ASSETS & LIABILITIES   $1,465,345.31

2. EXPENDITURES:     Month        Budgeted        Variation

        Administration  $14,195.00    $24,416.00       $10,221.00