THOUSAND PEAKS RANCH ASSOCIATION
FINANCIAL REPORT
JULY 1, 2012 THROUGH JUNE 1, 2013


PROFIT & LOSS
July 1, 2012 through June 1, 2013

Ordinary Income/Expense
Income
      Annual Dues                                37,300.00
      Driveway Snow Removal                      300.00
      Grazing                                15,000.00
      Late Fees                                   1,950.00
      Non-collectible dues & late fees        -  2,450.00
Total Income                                        52,100.00

Expense
      Accounting Fees                          1,843.35
      Cattle Guards                                  1,200.00
      Contract Labor                          3,686.00
      Legal Fees                                       91.20
      Materials                                  2,011.00
      Newsletter Expense                             271.75
      Owner Drive Way Materials                    -500.00
      Postage                                       62.40
      Reconcilliation Discrepancies          1,794.37
      Road Maintenance                          2,111.50
      Road Maintenance Labor                  7,497.50
      Snow Removal Labor                          6,082.92
      Snowblower Maintenance Parts          5,421.95
      Tax Payment                                  5,970.00
Total Expenses                                37,543.94

Net Ordinary Income                                14,556.06
Other Income/Expenses
      Other Income        
              Interest Income                       22.29
Total Other Income                                       22.29

Net Other Income                                       22.29

Net Income                                        14,578.35


SUMMARY BALANCE SHEET
As of June 21, 2013

ASSETS
      Current Assets
              Checking/Savings                48,581.82
              Accounts Receivable                49,777.59
      Total Current Assets                        98,359.41

Total Assets                                        98,359.41

LIABILITIIES & EQUITY
      Liabilities
              Current Liabilities                
              Other Current Liabilities        20,066.45

      Total Current Liabilities                20,066.45

      Total Liabilities                        20,066.45
      Equity                                        78,292.96

TOTAL LIABILITIES & EQUITY                98,359.41