A year over year review of our unaudited balance sheet (these figures are unaudited so adjustments may be made to the final numbers) indicated some financial improvements from Dec 31, 2010 to Dec 31, 2011.
Cash and cash equivalents are up $104,000
Accounts payable or the money we owe dropped $33,000
Short term liabilities are down $36,000
We funded $60,000 to reserves and $16,000 deferred maintenance.
Total reserves increased $81,000
Total equity increased $133,000 and the balance in out checking account increased $20,000.
Our current year net income went from a $34,000 loss in 2010 to a $26,000 gain in 2011.
Basically the community spent less, saved more and paid the bills in a more timely manner.
Although it will be hard to match in 2012, we hope to continue to keep the positive financial momentum going in 2012.
As noted these are UNaudited figures, when we receive our audited financials we will be sure to share them with you. In addition, if you would like further financial information on the community we would be glad to share and review it with you.
