CHESTNUT OAKS OWNER’S ASSOCIATION

JULY 2011 MANAGEMENT REPORT

STATUS OF ALL ASSOCIATION ITEMS

· Management called Deerfield Township to book meeting room. 

· Management followed up on all resident calls, email, etc…

FINANCIAL/LEGAL

· As of June 2011 the total cash in the operating account was $22,847.13. The reserve account was $67,344.45, total assets were, $90,191.58.    

· Total operating income for June 2011 was $0.00 vs. a budget of $0.00. Year to date actual income is $40,552.83 versus a budget year to date of $44,460.00

· Total operating expenses for June 2011 were $4,303.53 vs. a budget of $2,434.00 producing a negative variance of $1,869.53.