Peachtree Condominium Corporation, Inc.

ASSETS

Checking/Savings

Restricted Funds                  $ 254,359.00

Unrestricted Funds                     42,152.43

Total Checking/Savings                 $ 296,511.43

Accounts Receivable                 27,786.00

Bad Debt Reserve                    (22,456.00)

Undeposited Funds                     2,352.00

TOTAL ASSETS                             $ 304,193.43

LIABILITIES & EQUITY

Liabilities

Accounts Payable                 $   22,460.88

Accelerated Maint. Fees             7,953.00

Due To Monticello Mgnt.                   40.00

Prior Mgnt. - YE Liability Adj.         847.00

Total Liabilities                               $   31,300.88

Equity

Funds                                    $ 198,258.00

Opening Balance Equity          70,453.18

Retained Earnings                    (3,930.00)

Retained Earnings - PY           18,870.00

Net Income                               (10,758.63)

Total Equity                                   $  272,892.55

TOTAL LIABILITIES & EQUITY  $  304,193.43

Ordinary Income

                             Maintenance Fee               $       21,320.00

Total Income                                                    $       21,320.00

Expense

                            Administrative                                    131.50

                           Common Area Operations          19,366.13

Total Expense                                                 $       19,497.63

Net Ordinary Income                                      $          1,822.37

Net Income                                                      $         1,822.37