Monticello Management, Inc.
Property Management
Northern New Jersey (201) 592 - 0700
Central New Jersey (732) 591 - 9500
New York (718) 576 - 1690
"SERVICE IS THE RULE, NOT THE EXCEPTION"
Monticello Management, Inc.
171 Main Street, Matawan, NJ 07747
970 Kent Avenue, Brooklyn, NY 11205
135 Fort Lee Road, Leonia, NJ 07605
ph: NJ (732) 591-9500 (201) 592-0700
fax: NJ (732) 970-6188 (201) 592-0785
alt: NY (718) 576-1690 (866) 805-8530
robin
Marlborough House Condominium Association Inc.
Balance Sheet
As of November 30, 2009ASSETS
Current Assets
Checking/Savings
Retricted Funds $ 251,486.20
Un-restricted Funds 20,066.17
Total Checking/Savings 271,552.37
Other Current Assets
Accounts Receivable 34,957.03
Undeposited Funds 4,626.24
Total Other Current Assets 4,626.24
TOTAL ASSETS $ 311,135.64
LIABILITIES & EQUITY
Liabilities
Accounts Payable $ 6,665.07
Due to Monticello Mgnt. 25.00
Pre-paid Maintenance 5,061.96
Total Liabilities $ 11,752.03
Equity
Opening Bal Equity $ 30,179.59
Reserve Fund 120,000.00
Retained Earnings 103,676.72
Net Income 45,527.30
Total Equity $ 299,383.61
TOTAL LIABILITIES & EQUITY $ 311,135.64
Profit & Loss
November 2009Ordinary Income
Maintenance Commerical $ 919.69
Maintenance Residential 16,326.43
Move in/Out Fee 50.00
Total Income $ 17,296.12
Expense
Administrative Expense $ 1,615.42
Association Operating 6,974.98
Total Expense $ 8,590.40
Net Ordinary Income $ 8,705.72
Other Income
Capital Reserve Collected $ 5,000.00
Restricted Interest 1.15
Total Other Income 5,001.15
Other Expense
Capital Reserve Funded 5,000.00
Total Other Expense 5,000.00
Net Other Income $ 1.15
Net Income $ 8,706.87
Copyright 2009 Monticello Management, Inc.. All rights reserved.
Monticello Management, Inc.
171 Main Street, Matawan, NJ 07747
970 Kent Avenue, Brooklyn, NY 11205
135 Fort Lee Road, Leonia, NJ 07605
ph: NJ (732) 591-9500 (201) 592-0700
fax: NJ (732) 970-6188 (201) 592-0785
alt: NY (718) 576-1690 (866) 805-8530
robin
