Cash Reserve Assessment


Bella Vista Property Owners Association
Cash Reserve Assessment As of December 31, 2009 
         
    Previous Month   Current Month
Cash & Investments     12,997,000       20,640,000
Current Receivables & General Liabilities              
* Receivables 1,339,000       1,246,000    
** Liabilities (3,295,000)       (3,395,000)    
        (1,956,000)       (2,149,000)
Restricted Funds              
  Bond Payment (130,000)       0    
  Health Insurance Accrual (442,000)       (356,000)    
*** Other Insurance Reserve (91,000)       (136,000)    
  Oniell Drive Bypass  (79,200)       (79,200)    
  Restricted for Water Department              
  Capacity Expansion (543,000)       (553,000)    
  2009 Water Bond Construction Fund & Restricted Cash 0       (8,363,000)    
  Special Projects Approved 08/24/09 (370,000)       (70,000)    
  Reserve Projects Approved 10/23/09 (460,000)       (138,000)    
  Reserve Projects Approved 12/10/09 0       (910,000)    
  Carry Over Projects from Prior Years (92,200)       (918,000)    
        (2,207,400)       (11,523,200)
                 
Free Cash Availability     8,833,600       6,967,800
                 
Recommended Reserve (60 days Non-Discretionary)     1,200,000       1,330,000
                 
Over / (Under) Reserve     7,633,600       5,637,800
                 
*  Removed intercompany water loan from consolidated report
** Included prepaid assessments in liabilities
*** Add annual insurance reserve for property, causality, etc.