Consolidated Balance Sheet

               
Bella Vista Village POA
CONSOLIDATED BALANCE SHEET WITH WATER 
As of December 31, 2009
               
               
ASSETS   2009   2008   Change
             
Current Assets          
             
  Cash and Investments 12,276,459   10,231,882   2,044,577
  Restricted Investments – Construction 8,000,000   0   8,000,000
  Debt Service Sinking Fund 363,341   188,592   174,749
  Accounts Receivable Note-  See Note (1) 1,246,251   1,218,695   27,556
  Inventories 473,353   547,108   (73,755)
  Prepaid Expenses 167,414   166,525   889
               
Total Current Assets 22,526,818   12,352,802   10,174,016
             
Long Term Investments – Debt Service  0   0   0
             
Delinquent Assessments Receivable
(Net of Allowance)
0   0   0
             
  Property, Plant & Equipment 78,545,279   77,563,455   981,824
  Capital Projects – WIP* 866,465   367,762   498,703
     Less Accumulated Depreciation (38,593,145)   (36,758,972)   (1,834,173)
             
Net Property, Plant & Equipment 40,818,599   41,172,245   (353,646)
             
               
TOTAL ASSETS 63,345,417   53,525,047  

9,820,370

               
             
LIABILITIES            
             
Current Liabilities          
             
  Payables and Accruals 1,129,291   1,790,401   (661,110)
  Accrued Payroll 1,387,496   1,522,421   (134,925)
  Prepaid Assessments 681,828   346,445   335,383
  Accrued Taxes 138,112   116,887   21,225
  Member Functions 413,803   491,672   (77,869)
  Water Capital Buy In Fee – Unearned 552,809   471,589   81,220
  Short Term Portion of Water Bond Issue 0   120,000   (120,000)
  Short Term – Water Bridge Loan – See Note (1) 0   0   0
             
Total Current Liabilities 4,303,339   4,859,415   (556,076)
               
               
  Long Term Portion of  Water Bond Issue 0   300,000   (300,000)
  Long Term Portion – Water Bond 2009 8,383,506   0    
Total Long-Term Liabilities 8,383,506   300,000   (300,000)
             
Members’ Equity          
             
  Contributed Capital 32,628,285   32,628,285   0
  Cumulative Excess of Revenue over Expenses 15,737,347   14,520,743   1,216,604
       Designated for Debt Service 0   0   0
             
       Beginning Equity  48,365,632   47,149,028   1,216,604
             
  Year-To-Date Contributions 0   0   0
Year-To-Date Gain/Loss 2,292,940   1,216,604   1,076,336
Year-To-Date Designated for Debt Service 0   0   0
             
Members’ Equity at Month End 50,658,572   48,365,632   2,292,940
             
               
TOTAL LIABILITES & MEMBERS’ EQUITY 63,345,417   53,525,047   9,820,370