RESERVE FUNDS

Actuals

Liquid Assets

Budget

Year-to-Date

Feb.

Am. Marine Bank Reserve Acct.

$4,150.00

$4,150.58

$1,695.31

Teal Lake Pond Reimbursement

$930.00

$0.00

Transfer from Checking Account

$8,000.00

$0.00

FY05 Assessment Transfer ($85/HO/QTR)

$18,700.00

$9,320.00

$4,675.00

TOTAL LIQUID RESERVE

$31,780.00

$13,470.58

$6,370.31

RESERVE EXPENSES

Fences

$12,204.00

$10,957.91

Columns

$250.00

$0.00

Pond

$1,500.00

$0.00

Driveways

$2,500.00

$742.09

Irrigation System Repair

$2,000.00

$0.00

Other

$1,000.00

$75.27

TOTAL RESERVE EXPENSE

$19,454.00

$11,775.27

$0.00

LIQUID RESERVE BALANCE

$12,326.00

$1,695.31

$6,370.31

INVESTED RESERVE FUNDS

State Farm CD #1

$15,000.00

$15,000.00

$15,175.14

State Farm CD #2

$20,000.00

$20,000.00

$20,362.55

Interest

$920.00

$537.69

$74.12

TOTAL INVESTED RESERVE

$35,920.00

$35,537.69

$35,611.81

RESERVE FUND BALANCE

$48,246.00

$37,233.00

$41,982.12

Reserve Notes

Balance includes $9900 for pond maintenance.

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