Crestwood Terrace Homeowners Association Treasurers Report

Jan-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 1st Indy Bank CD (Acct:9421); account closed; see notes below Sterling Bank (Acct: 8816); account closed; see notes below Long Term Metro WA DC Airport Bond @EJ;see remark #3 below Annuity Contract, Hartford Ins. @EJ; account closed; see notes below

Maturity Date

Cost at Purchase

Current Value

Account Balance

Totals $113,072.18

0.10% 0.20% 0.15%

8/31/2010

$81,637.64 $26,178.11 $5,256.43 $0.00

0.20% 0.40%

1/12/2012 5/14/2012

1/11/2014 $ 22,298.73 $ 1/27/2014 $ 15,000.00 $

$5,194.45

4.75% 4.55%

1/16/2009

10/1/2019 $ 4,640.00 1/16/2014 $ 10,000.00

$ $

5,194.45 Grand Total $118,266.63

Association Income (e.g. dues, late fees, interest) 12/1/2013 thru 12/31/2013: $13,810.82. Above income includes pre-payment of 2014 dues by several owners. Association Expenses (checks issued or paid) 12/1/2013 thru 12/31/2013: $5,350.51. Notes: 1. By agreement with the Assoc.; RPM to track the financials for up to 4 separate financial accounts; e.g. checking and savings accounts. 2. By agreement with the Assoc., RPM to receive/file/send copies to the Board - financial statements for all Assoc financial accounts. Delinquent Homeowner Dues; all past due accounts are listed. Unit-4: $ 25.00 Unit-21: $ 4,228.30 Unit-24: $ 25.00 Unit-28: $ 277.52 Total: $ 4,555.82 REMARKS: 1. 2013 Reserve Study: 100% funded amount: $412,330, Fully Funded Reserve Gap: $294,063 2. Dec-31-2013 Grand Total: $110,482.44. 3. 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. 4. 1st Indy CD (Acct: 9421) matured Jan-14-2014 and proceeds ($22,365.83) transferred to Assoc. Operations account (Sterling x2798). 5. Annuity contract, Hartford Ins matured Jan-15-2014 and proceeds ($12,490.65) transferred to Assoc. Operations account (Sterling x2798). 6. Sterling Bank CD (Acct: 8816) matured Jan-31-2014 and proceeds ($15,091.33) transferred to Assoc. Operations account (Sterling x2798).

za-01-Jan-31-2014 Treasurers Rpt