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Page: 1FARRWOOD GREEN CONDO. II Income/Expense Statement Operating Account Period: 06/01/14 to 06/30/14 Current Period AccountDescriptionYearToDateYearlyActualBudgetVarianceActualBudgetVarianceBudget21,411.2822,879.84(1,468.56)65,481.2668,639.52(3,158.26)274,558.08(9.86).00(9.86)(9.86).00(9.86).00(550.00).00(550.00)(550.00).00(550.00).00(4.95).00(4.95)9.13.009.13.00.

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Common Red Flags The ratio of assets to liabilities. As a rule, if the building's assets (its current market value) are less than its liabilities (what it owns to lenders, tax authorities, etc.), you should think twice about proceeding with a purchase. ... Annual operating costs. ... Itemized repairs. ... Rainy-day fund.

Properly evaluate the Condo's Reserve Fund A well-run condo will have enough money in reserve funds to cover around 3 to 6 months' worth of expenses. However, there are apartments that keep maintenance fees low. As long as you know how the building operates, you can budget your expenses ingly.

There are generally six steps to developing an effective analysis of financial statements. Identify the industry economic characteristics. ... Identify company strategies. ... Assess the quality of the firm's financial statements. ... Analyze current profitability and risk. ... Prepare forecasted financial statements. ... Value the firm.

To gain a feel for this possibility, earnings quality can be estimated by comparing net income to underlying cash flow. To the extent net income is high relative to cash flow, earnings quality may be impaired.

ASSETS ON THE CONDO CORPORATION BALANCE SHEET Assets are positive, valuable items that include: Petty Cash – cash kept on hand and used to make small payments. Operating Cash Account – funds available for the day to day operations. Reserve Cash Account – funds available to pay for expenses designated as Reserve ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232