Crestwood Terrace Homeowners Association Treasurers Report

Mar-31-2014 Account Statements Interest Purchase Rate Date

Investments Cash Accounts Sterling Checking (Acct: 2798) Sterling Money Market (Acct: 7326) Umpqua Bank Money Market (Acct: 0643) Short Term last CD's matured/cashed out Jan-2014. Long Term Metro WA DC Airport Bond @EJ;see remark #3 below

Maturity Date

Cost at Purchase

Current Value

Account Balance

Totals $52,183.06

0.10% n/a n/a 0.20% n/a n/a 0.15% 8/31/2010 n/a

n/a n/a n/a

n/a n/a n/a

$20,744.21 $26,182.17 $5,256.68 $0.00

$5,158.95 4.75% 10/1/2019 $ 4,640.00 $ 5,158.95 Grand Total $57,342.01

Association Income (e.g. dues, late fees, interest) 3/1/2014 thru 3/31/2014: $9,052.53. Association Expenses (checks issued) 3/1/2014 thru 3/31/2014: $45,084.67. 1. Above expenses include cashiers check # 552230 in the amount of $25,020.51 to Dealers Supply for Roofing Materials. 2. Above expenses include cashiers check # 631079 in the amount of $16,016.10 to Monster Construction for Roof Install of duplexes 1-2, 3-4, and 11-12. Owner Dues Credits 1. Total of Owner Dues Credits; Policy Cap: $500.00 2. Total of Owner Dues Credits, Mar-2014: $350.00 Delinquent Homeowner Dues; all past due accounts are listed. Unit-21: $ 4,778.30 Unit-28: $ 797.52 Total: $ 5,575.82 Association Reserves 1. 2013 Reserve Study: 100% funded amount: $412,330.00 , Fully Funded Reserve Gap: 2. Fully Funded Reserve Gap: $354,987.99 3. Percent Funded: 13.91% REMARKS: 1. Dec-31-2013 Grand Total: $110,482.44. 2. Municipal bond (CUSIP: 592646NT6) pays 4.75% annual interest on $5,000 semi-annually Apr/Oct. Bond value will fluctuate until maturity; payable at $5,000. 3. By agreement with the Assoc.; RPM to track the financials for up to 4 separate financial accounts; e.g. checking and savings accounts. 4. By agreement with the Assoc., RPM to receive/file/send copies to the Board - financial statements for all Assoc financial accounts. za-03-Mar-31-2014 Treasurers Rpt