Crestwood Terrace Homeowners Association Treasurers Report

Feb-28-2014 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 $92,131.04

0.10% 0.20% 0.15%

8/31/2010

$60,694.37 $26,180.12 $5,256.55 $0.00

$5,194.45 4.75% 10/1/2019 $ 4,640.00 $ 5,194.45 Grand Total $97,325.49

Association Income (e.g. dues, late fees, interest) 12/1/2013 thru 12/31/2013: $11,602.74. 1. Above income includes payments by units 16, 35, 39, and 44 of $700 ea. for installation of crawl-space ventilation fans, totalling $2,800, of which 90% ($2,520) will be credited towards these owner's dues at $50 or $25 a month, depending on the severity of water in the crawl-space. Association Expenses (checks issued) 12/1/2013 thru 12/31/2013: $36,340.47. 1. Above expenses include $32,429.41 in crawl-space water mitigation charges. Owner Dues Credits 1. Total of Owner Dues Credits; Policy Cap: $500.00 2. Total of Owner Dues Credits, Feb-2014: $150.00 Delinquent Homeowner Dues; all past due accounts are listed. Unit-21: $ 4,503.30 Unit-28: $ 522.52 Total: $ 5,025.82 Association Reserves 1. 2013 Reserve Study: 100% funded amount: $412,330.00 , Fully Funded Reserve Gap: 2. Fully Funded Reserve Gap: $315,004.51 3. Percent Funded: 23.60% 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-02-Feb-31-2014 Treasurers Rpt