Meadow Ridge Homeowners Association Financial Report To The Board Of Directors For The Month Of December, 2 009

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Cecily Merritt
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1 Financial Report To The Board Of Directors For The Month Of December, REPORTS Balance Sheet - Assets Balance Sheet - Liabilities & Equity- Revenues & Expenses - Operating Fund Revenues & Expenses - Replacement Fund Detail Of Receivables From Owners Analysis Of Expenses Cash Disbursements During Month Owners Address List pies of rrespondence Exhibit A Exhibit B Exhibit C Exhibit D Exhibit E Attached Attached Attached Attached DISTRIBUTION President & Treasurer Prepared By: Butner Homeowner Association Services PO Box 1 2 Oak Tree Place Mammoth Lakes, CA (760) infoobutnerhoaservices.com

2 Balance Sheet Operating Fund December 31, 2009 Replacement Total Fund Funds ASSETS Cash In First Bank - Operating Petty Cash Advance-Klark Tapia Cash In Replacement Fund Less: Cash In Replacement Fund Total Cash 132, (94,240) 38,296 94,240 94, , ,240 (94,240) 132,536 Net Receivables From Owners Less: Allow, for Doubtful Ace. Prepaid Income Taxes Fire Damage Receivable Land - Lot 21 Equipment Allowance For Depreciation (8,263) (2,200) 1,176 7, ,000 7,515 (7,515) (8,263) (2,200) 1,176 7, ,000 7,515 (7,515) TOTAL ASSETS 356,057 94, ,297 Exhibit A

3 Balance Sheet LIABILITIES Accounts Payable Trade Accrued Wages & Payroll Taxes Note Payable - SBA TOTAL LIABILITIES Operating Fund 4,544 3, , ,794 December 31, 2009 Replacement Total Fund Funds 4,544 3, , ,794 FUND Fund Balance - Start of Period 38, , ,073 Revenue Less Exp During Period 20,953 (64,524) (43,571) TOTAL FUND 59,263 94, ,503 TOTAL LIABILITIES & FUND BAL. 356,057 94, ,297 Exhibit B

4 Revenues And Expenses For The One Month and Six Months Ended December 31, 2009 OPERATING FUND; REVENUES mmon Area Assessments Special Assessments-Earthquake Special Assessments-SBA Repymt Late Charges Interest Income Parking Fee Reimbursements TOTAL REVENUES Current Month 23,964 1, ,989 Actual 143,783 7,886 11, ,686 Year To Date Budget % Of Budget 287,566 10,000 22,584 1, , ADMINISTRATIVE EXPENSES Accounting Services Board & Meeting Expenses Insurance Legal Services Management Fee Loan Payments - Interest Office Supplies & Postage Reserve Study Taxes Telephone TOTAL ADMINISTRATIVE EXPENSES 1,383 2,117 1,691 11, ,540 6, ,427 8,921 41,193 6,018 3,495 2, ,656 11, ,720 10,000 71,028 11,916 3,400 1,000 5,600 1, , MAINTENANCE & SUPPLIES Buildings Grounds Pool, Jacuzzi & Sauna Snow Removal Trash Removal TOTAL MAINTENANCE & SUPPLIES 7, ,851 14,258 11,074 4,182 2,503 3,161 35,179 20,000 38,000 5,000 35,000 11, , UTILITIES Water & Sewer TOTAL UTILITIES 571 2,111 1,566 4,248 2,943 8,050 10,905 9,525 22,000 30,000 21,898 61, MAJOR PROJECTS Tree Trimming / Removal TOTAL MAJOR PROJECTS 2,000 2,000 2,000 2, TOTAL EXPENSES 30, , , REVENUE LESS EXPENSE (DEFICIT) (4,650) 20,953 7, Exhibit C

5 Revenues And Expenses For The One Month and Six Months Ended December 31, 2009 REPLACEMENT FUND: Current Month Actual Year To Budget Date % Of Budcret REVENUES Replacement Assess-Capital TOTAL REVENUES 8,166 8,166 48,997 48,997 97,994 97, EXPENSES Asphalt Overlay/Water Main Rep Asphalt Seal/Slurry/Stripe Staining - Bluff Units TOTAL EXPENSES 113, ,521 35,000 16,175 25,000 76, REVENUE LESS EXPENSE (DEFICIT) 8,166 (64,524) 21,819 (295.7) Exhibit D

6 Account Analysis From Thru Page 1 JV DATE AMOUNT TRANSACTION I3ESCRI CK NO. CK DT. VENDOR NAME Acct Accounting Services , , , Accounting Accounting Accounting Accounting Accounting Accounting Services Services Services Services Services Services for for for for for for 07/09 08/09 09/09 10/09 11/09 12/ Butner Butner Butner Butner Butner Butner Homeowner Assoc. Homeowner Assoc. Homeowner Assoc. Homeowner Assoc. Homeowner Assoc. Homeowner Assoc , Acct Board & Meeting Expenses Acct Reimb. for Food for Board Meeting 01/OS Reimb. for Food for CC&R Meeting 9/29/ Reimb. for Food for Board Meeting 10/28/ Insurance 7180 Shehan\Jim 7209 Bernstein, C.P.A.\Daniel L Shehan\Jim , , , , , , Pol. Pol /09/08-09/09/09 09/09/08-09/09/ of of Fidelity Bond 90-WE /15/09-10/15/10 Pol. Pol. Pol. Pol /09/09-09/09/10 09/09/09-09/09/10 09/09/09-09/09/10 09/09/09-09/09/ of of of of State State State State State State State Farm Insurance(Bksfield) Farm Insurance(Bksfield) Farm Insurance(Bksfield) Farm Insurance(Bksfield) Farm Insurance(Bksfield) Farm Insurance(Bksfield) Farm Insurance(Bksfield) 13, Acct Legal Services , , , (3,085.00) , , Misc. Bus.-Legal Services for 07/09 Misc. Bus.-Legal Services for 08/09 Misc. Bus.-Legal Services for 09/09 SCE Easement Agreement Reimbursement Misc. Bus.-Legal Services for 10/09 Misc. Bus.-Legal Services for 11/09 Misc. Bus.-Legal Services for 12/ Sanford, Attorney\Timothy 7190 Sanford, Attorney\Timothy 7226 Sanford, Attorney\Timothy 7241 Sanford, Attorney\Timothy 7266 Sanford, Attorney\Timothy 7283 Sanford, Attorney\Timothy 8, Acct Management Fee , , , , , Management Fee for 07/09 Management Fee for 08/09 Management Fee for 0 9/0 9 Management Fee for 10/0 9 Management Fee for 11/09 Management Payroll and Payroll Taxes for 11/09 Manager's Hospital Indemnity Policy Qtrly. Premium Mammoth Lakes Resort Mgmnt. Mammoth Lakes Resort Mgmnt. Mammoth Lakes Resort Mgmnt. Mammoth Lakes Resort Mgmnt. Mammoth Lakes Resort Mgmnt. State Farm Insurance(Bksfield)

7 Account Analysis From Thru Page 2 JV DATE AMOUNT TRANSACTION DESCRIPTION CK NO CK DT VENDOR NAME , , , Manager's re Med Health Plan Quarterly Premium Reimb for Background Screening Services Management Fee Through 12/15/09 Management Payroll and Payroll Taxes for 12/ Assurant Health Champion Fire Systems, Inc Mammoth Lakes Resort Mgmnt 41, Acct Loan Payments - Interest ,011 1,007 1,004 1, SBA Loan Repayment for 08/09 - Interest SBA Loan Repayment for 09/09 - Interest SBA Loan Repayment for 10/09 - Interest SBA Loan Repayment for 11/09 - Interest SBA Loan Repayment for 12/09 Interest SBA Loan Repayment for 01/10 Interest T C T C T.C T C T C T C Investments II, Investments II, Investments II, Investments II, Investments II, Investments II, LLC LLC LLC LLC LLC LLC Acct Office Supplies & Postage ,309 1, Postage, Photocopying and Supplies for 07/09 Reimb for Registering Domain Name,Website Hosting Postage, Photocopying and Supplies for 08/09 Postage, Photocopying and Supplies for 09/09 Postage, Photocopying and Supplies for 10/09 Reimb for Post Office Box Key Deposit Reimb for Dell mputer and Printer Postage, Photocopying and Supplies for 11/09 Reimb for Office Supplies Reimb for Phone, Office Supplies Postage, Photocopying and Supplies for 12/ Butner Homeowner Stockwell\Jim Butner Homeowner Butner Homeowner Butner Homeowner Bernstein, C P A Butner Homeowner Tapia\Sarah Butner Homeowner Assoc Assoc Assoc Assoc \Daniel L Assoc Assoc 3, Acct Taxes , Filing Fee for Domestic Nonprofit rp 7205 Filing Fee for Stmt By mmon Interest Development Property Taxes Lot 21 1st Installment 7232 Filing Fee for Form 199 for Year Ended 06/30/ Secretary Of State Secretary Of State Mono unty Tax llector Franchise Tax Board 2, Acct Te! le (41 09) To Ad;j. For Expense Of Last Yr To Be Pd This Yr Reimbursement for Long Distance And/Or FAX Charges Telephone Svc Telephone Svc 06/16/09-07/16/09 (760) /16/09-08/16/09 (760) Reimbursement for Long Distance And/Or FAX Charges Telephone Svc 08/16/09-09/16/09 (760) Reimbursement for Long Distance And/Or FAX Charges Telephone Svc 09/16/09-10/16/09 (760) Butner Homeowner Assoc Butner Homeowner Assoc Butner Homeowner Assoc

8 Account Analysis From Thru Page 3 JV DATE AMOUNT TRANSACTION DESCRIPTION CK NO. CK DT. VENDOR NAME Reimbursement for Long Distance And/Or FAX Charges Telephone Svc. 10/16/09-11/16/09 (760) Reimb. for 50% Cell Phone Service 12/09 Reimbursement for Long Distance And/Or FAX Charges Telephone Svc. 11/16/09-12/16/09 (760) Internet Service for 12/09, Set Up Fee, Modem Butner Homeowner Assoc.. Butner Homeowner Assoc Acct Buildings , (9.62) 2, , Repair Bathroom Lock Chimneys Cleaned Reimb. for Bathroom Lights M Paint Supplies Measurement of Siding Windex, Trash Bags Light Bulbs, Magnetic Pick Up Rollers, Grid Roller vers Brush, Rollers Reimb. for Regulator at Units 27/ Roller vers, Frames Smoke Alarm, Heater for Office Ventilating Duct Water Test Gauge, Adapters Credit Replace Pressure Regulators Reflectors Reflectors M Paint Supplies for Mgr. Unit Annual Fire Extinguisher Service Firewood for Mgr. Unit Reimb. for Paint Supplies for Mgr. Unit Reimb. for Lights Reimb. for Fuel Reflectors Deck Support Replacements Crank Arms Bill's Locksmith Service Marusicz Chimney Sweep Mammoth Lakes Resort Services Alpine Paint Yeghiazarian\Vaheh Sears\Eunice Higerd Plumbing, Inc. High untry Lumber, Inc. High untry Lumber, Inc. Alpine Paint Champion Fire Systems, Inc. DB'S Firewood Neubauer-Jennison nstruction untry Glass 14, Acct Grounds (1,234.19) To Adj. For Expense Of Last Yr.-To Be Pd This Yr Sash Locks Replace Light at Tree at Entry 1, Weekly Grounds Maintenance 06/ Weed 'N Feed Plants Topper PVC Fittings Reimb. for Sprinkler Blow Out untry Glass J.T. Hatter Electric Mammoth Lakes Nursery Mammoth Lakes Nursery Oaktree\The Mammoth Lakes Resort Services

9 Account Analysis From Thru Page 4 JV DATE AMOUNT TRANSACTION DESCRIPTION CK NO. CK DT. VENDOR NAME , , , , a PVC Caps - PVC Fittings Clean Bluff Area - Landscaping 07/0 9 Grounds Maintenance 08/09-09/09 - GP Annual Service Clean Grounds After Wind Storm 10/12 Trim Trees After Storm 10/14/09 Clean Bluff Area Trim Broken Trees, Trash to Dump Final Clean Up For Season 11/14/ Pestmaster Services, Inc. 11, Acct Pool, Jacuzzi & Sauna (460.00) , (6.84) 8.60 (8.60) To Adj. For Expense Of Last Yr.-To Be Pd This Yr Install Gate,Bthrm Locks at Pool 10/ Pool Heater Service, Clean & Paint Pool Install EMOD Motor Install New Heat Exchanger Sand Filter, Sand Disinfectant Spray for Pool Area Plumbing Epoxy for Spa Credit Ret'd Plumbing Epoxy Epoxy Paste for Spa Credit Ret'd Epoxy Paste ld Weld Epoxy Tube for Spa Test Kit, Mouse Poison for Pool Area Putty Knife, Plastic Adhesive Epoxy for Pool Area Acetone for Pool Area Epoxy for Pool Area Telescopic Wrench for Pool Area Drain ver for Pool Area Utility Lighter for Pool Area Smoke Alarm, Cln. Supplies for Pool Remove and Install Sand Filter Reimb. for Lights in Pool Area Bathrooms Inv Troubleshoot/Repair Lights at Pool Bath Install New Spa Heater Pressure Switch Foam Filter Sleeve for Pool Area Bill's Locksmith Service Rite-Way Clear & Clean Mountain View Spas Mountain View Spas Rite-Way Rite-Way Mountain View Spas Shehan\Jim J.T. Hatter Electric Mountain View Spas 4, Acct Snow Removal Monthly Snow Removal Fee - 10/0 9 Monthly Snow Removal Fee - 11/09 T Posts for Snow Stakes Snow Shoveling 12/12/ Snow Shoveling 12/14/ High untry Lumber, Inc.

10 Account Analysis From Thru Page 5 JV DATE AMOUNT TRANSACTION DESCRIPTION CK NO. CK DT. VENDOR NAME 2, Acct Tras Trash Removal for 07/09 Trash Removal for 08/09 Trash Removal for 09/09 Trash Removal for 10/09 Trash Removal for 11/ Waste nnections, Inc. Waste nnections, Inc. Waste nnections, Inc. Waste nnections, Inc. Waste nnections, Inc. 3, Acct (537.71) To Adj. For Expense Of Last Yr. -To Be 06/09/09-07/10/09 - Office 06/09/09-07/10/09 - (60) 06/09/09-07/10/09 - (49) 07/10/09-08/10/09 - Office 07/10/09-08/10/09 - (60) 07/10/09-08/10/09 - (49) 08/10/09-09/09/09 - Office 08/10/09-09/09/09 - (60) 08/10/09-09/09/09 - (49) 09/09/09-10/07/09 - Office 09/09/09-10/07/09 - (60) 09/09/09-10/07/09 - (49) 10/07/09-11/09/09 - Office 10/07/09-11/09/09 - (60) 10/07/09-11/09/09 - (49) 11/09/09-12/09/09 - Office 11/09/09-12/09/09 - (60) 11/09/09-12/09/09 - (49) Pd This Unit 1 Unit Unit Unit Unit Unit Yr. (51) (51) (51) (51) (51) (51) , Acct (1,740.39) , , , To Adj. For Expense Of Last Yr.-To Be Pd This Yr. for Office Thru 07/15/09 (38342) for Pool Area Thru 07/15/09 (1170) for Garage Thru 07/15/09 (38438) for Office Thru 08/12/09 (38342) for Pool Area Thru 08/12/09 (1170) for Garage Thru 08/12/09 (38438) for Office Thru 09/15/09 (38342) for Pool Area Thru 09/15/09 (1170) for Garage Thru 09/15/09 (38438) for Office Thru 10/13/09 (38342) for Pool Area Thru 10/13/09 (1170) for Garage Thru 10/13/09 (38438) for Office Thru 11/12/09 (38342)

11 Account Analysis From Thru Page 6 JV DATE AMOUNT TRANSACTION DESCRIPTION CK NO. CK DT. VENDOR NAME , for Pool Area Thru 11/12/09 (1170) for Garage Thru 11/12/09 (38438) for Office Thru 12/15/09 (38342) for Pool Area Thru 12/15/09 (1170) for Garage Thru 12/15/09 (38438) , Acct Water & Sewer (2,233.14) To Adj. For Expense Of Last Yr.-To Be Pd This Yr. 2, Water and Sewer for 06/09 3, Water and Sewer for 07/09 2, Water and Sewer for 08/09 2, Water and Sewer for 09/09 1, Water and Sewer for 10/09 1, Water and Sewer for 11/ Mammoth Mammoth Mammoth Mammoth Mammoth Mammoth mmun. mmun. mmun. mmun. mmun. mmun. Water Water Water Water Water Water District District District District District District 10, Acct Tree Trimming / Removal , Limb Dead Branches on Tree at Pool Remove Dead Fir at Pool GC Forest Products, Inc. GC Forest Products, Inc. 2,000.00

12 Account Analysis From Thru Page 1 JV DATE AMOUNT Acct Asph. TRANSACTION DESCRIPTION CK NO. CK DT. VENDOR NAME S , , , , , , , (420.72) 4, , (200.00) Deposit Per Proposal for Water Main Replacement Deposit Per 2nd Proposal for Water Main Replace Repair Leaks in Water Main Permit Fees for Water Main Replace Repair Leak Balance for Water Main Replace Phase Heaters for Bluff Water Line Work Extend Height of Two Fire Hydrants Fill,mpact,Patch Asphalt From Leaks Inv Less Credits For Attachment of Ductile Extend/Join New Ductile to Hydrant Balance for Water Main Replace Phase2 Less Overpymt for Bal. of Phasel Inv Ck Permit Fees Water Main Replace Phase , Acct Painting (1,980.00) To Adj. For Expense Of Last Yr.-To Be Pd This Yr. 1, Balance Due Clean Windows After Paint 7172 Four Seasons Maintenance 0.00

13 Check Listing Detail - Account Cash In First Bank - Operating Checks Dated Through :36:26 AM Page 1 CK DT CK NO CK. AMOUNT 1, VENDOR Mammoth mmun. Water District TRANSACTION Water and Sewer for 11/09 AMOUNT 1, ACCT # ACCOUNT DESCRIPTION Water & Sewer JV # /09/09-12/09/09 - (49) 11/09/09-12/09/09 - (60) 11/09/09-12/09/09 - Office Unit 1 (51) Franchise Tax Board Filing Fee for Form 199 for Year Ended 06/30/ Taxes Tapia\Sarah Reimb. for Office Supplies Office Supplies & Postage Reimb. for Phone, Office Supplies Reimb. for Lights Office Supplies & Postage Buildings , Bernstein, C.P.A.\Daniel L. Reimb. for Dell mputer and Printer 1, Office Supplies & Postage , Butner Homeowner Assoc.. Accounting Services for 11/09 Postage, Photocopying and Supplies for 11/09 Reimbursement for items charged to owners Reimbursement for Long Distance And/Or FAX Charges 2, , Accounting Services Office Supplies & Postage Late Charges Telephone J.T. Hatter Electric Inv Troubleshoot/Repair Lights at Pool Bath Pool, Jacuzzi & Sauna High untry Lumber, Inc T Posts for Snow Stakes Snow Removal , Trim Broken Trees, Trash to Dump 1, Grounds Mountain View Spas Inv Install New Spa Heater Pressure Switch Pool, Jacuzzi & Sauna , Sanford, Attorney\Timothy Misc. Bus.-Legal Services for 11/09 1, Legal Services Telephone Svc. 10/16/09-11/16/09 (760) Telephone Waste nnections, Inc. Trash Removal for 11/ Trash Removal , , , T.C. Investments II, LLC State Farm Insurance(Bksfield) Assurant Health Champion Fire Systems, Inc. Neubauer-Jenmson nstruction SBA Loan Repayment for 01/10 - Interest SBA Loan Repayment for 01/10 - Princpl Manager's Hospital Indemnity Policy Qtrly. Premium Manager's re Med Health Plan Quarterly Premium Petty Cash Advance Reimb. for Fuel Reimb. for 50% Cell Phone Service 12/09 Reimb. for Background Screening Services Reflectors Foam Filter Sleeve for Pool Area Deck Support Replacements , , Loan Payments - Interest Note Payable - SBA Management Fee Management Fee Petty Cash Advance-Klark Tapia Buildings Telephone Management Fee Buildings Pool, Jacuzzi & Sauna Buildings , for Office Thru 12/15/09 (38342) for Pool Area Thru 12/15/09 (1170) ,

14 AM Page 2 Check Listing Detail - Account Cash In First Bank - Operating Checks Dated Through CK DT CK NO CK AMOUNT VENDOR TRANSACTION for Garage Thru 12/15/09 (38438) 2, Mammoth Lakes Resort Mgmnt Management Fee Through 12/15/09 2, State Farm Insurance(Bksfleld) Pol /09/09-09/09/10 4 of PAYROLL PAYROLL Checks , PAYROLL PAYROLL Checks (1004 Voided) $32, TOTAL ALL CHECKS AMOUNT ACCT # ACCOUNT DESCRIPTION JV # , Management Fee , Insurance Accrued Wages & Payroll Taxes , Accrued Wages 6. Payroll Taxes 18525

Meadow Ridge Homeowners Association Financial Report To The Board Of Directors For The Month Of January # 2009

Meadow Ridge Homeowners Association Financial Report To The Board Of Directors For The Month Of January # 2009 Financial Report To The Board Of Directors For The Month Of January # 29 REPORTS Balance Sheet - Assets Balance Sheet - Liabilities & Equity Revenues & Expenses - Operating Fund Revenues & Expenses - Replacement