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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. The report pictured below is the Profit & Loss Statement through September 30, 2008.
The latest P&L is 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 P&L report below is through the end of the 2008 fiscal year. The following report compares The same period for calendar year 2007 with calendar year 2008. These data will be used to generate the proposed budget for discussion and approval at the yearly Owners Meeting and Board Election.
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, 2007 through the most current date of the report presented. Administrative fees and Interest fees are included. Several owners use direct deposit to avoid Administrative payment fees and Interest.
The P&L financial report through the end of 2008 may be viewed below. The year end year to year comparison report follows 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.
2009 P & L STATEMENT THROUGH 09/30/2009
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