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Coral Ridge Commercial Condo Association financial reports are generated by G. F. Business Services located at 2421 Shreve Street, Suite 115, Punta Gorda Florida. Two reports are pictured below. Profit & Loss Statement and a CRCCA Balance Sheet.
The latest P&Ls and Balance Sheets available are presented below. These reports are updated at lease biannually and posted yearly after January 15th and July 15th so the financial data collected may be more reliable. If time allows, these reports will be updated quarterly on the 15th of the month following the end of the quarter. Up to date reports may also be posted and copied for distribution at the yearly Board/Owners meeting.
The Profit & Loss Statement indicates moneys collected through rental of common property and owner monthly condo maintenance fees balanced against expenses. This report correlates very well with proposed budget changes for the following year. The first P&L report below is for calendar year 2007. The following report compares calendar year 2006 with calendar year 2007. These data will be used to generate the proposed budget for discussion and approval at the yearly Owners Meeting and Board Election.
The CRCCA Balance Sheet tracks CRCCA assets and liabilities.
The CRCCA Owner Open Invoice Report or “Customer Balance Summary” shows the individual owners’ monthly condo fee total payments including late fees and penalties to date (see CRCCA Owner Open Invoice Report - tab to left of this page). Negative numbers indicate payment in advance, positive numbers indicate the payment for the month or months has not been received or processed. Although this may seem counter intuitive, the Quick Books program used by our Book Keeper tracks payments this way. If you pay ahead, CRCCA owes you maintenance fees so the CRCCA tracks the payment as a liability (NEGATIVE NUMBER). If you are behind in payments, CRCCA tracks your maintenance, late & penalty fees as moneys owed to CRCCA (POSITIVE NUMBER).
The A/R Aging Summary indicates the aging of the outstanding balance by owner by delinquent month (see CRCCA A/R Aging Summary - click on tab to left). The yearly Balance by Owner and A/R Aging Summary are calculated from Jan 1, 2006 through December 31, 2007. Late fees and penalty fees are included. Several owners use direct deposit to avoid late payment fees and penalties.
The Balance Sheet and P&L financial reports may be viewed below. To view an enlargement of these documents, double click on the report. Your Acrobat program will boot and in a few seconds the report will appear. You may copy the PFD file into your computer then view and/or print it from your free downloaded Acrobat Program.
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