Page 13 - 20190122_PB HOA 2018 General Report1

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2018 Financial

Summary

There are three key accounts on the balance sheet of Las Residencias HOA :
Cash in the Operating Checking Account – $2.5 M pesos, these funds cover 3 months of

expenses (Master fee included).
Accounts Payable –The balance is 95% R-114 debt of the Master Condominium fees, there isn´t
any other liability.

Capital Reserves – Usually this account shows funds that are available for major capital repair
and replacement projects, nevertheless the $4.25 millions includes the A.R. balance, wich
represents 73% of the Capital Reserve, 95% of the accounts receivables are the R-114´s debts

wich collection process is at the Court.

Reserve Funds Accounts Receivables
Bank
31%
R-311

A.R. 5%
R-114
$3.1M 95%

Account Receivables
69%