Harrington Grove HOA2:06PMPage 1NOV 10,2009Charleston Management Corp.Balance Sheet for October 31, 2009 (cash basis)

Current Assets:

84,879.98Cash -North State Bank15,586.41Delinquent Dues A/R51,547.53Investment, CD Gateway Bank 5/7/11 2.36%29,698.66Investment, CD NS Bank 12/15/09 3.3053,489.80Investment, CD NS Bank 6/16/2010 2.10%100,000.00Investment, Capital Bank 5/31/2010 4%93,930.58Reserve - M/M, North State Bank

Total Current Assets

429,132.96

Liabilities and Fund Balances:

336,790.30Fund Balance - Future Reserve103,036.19Fund Balance - Operating(10,693.53)Excess (Deficiency) of Revenues over Expenses

Total Liabilities and Fund Balances

429,132.96(unaudited)

Harrington Grove HOA2:06PMPage 2NOV 10,2009Charleston Management Corp.Income Statement for October 31, 2009 (cash basis)Current MonthYear-to-DateBudget vsBudget vsAnnual AmountBudgetActual $AmountBudgetActual $Budget

Revenues:

7,008.50 0 5,445.83 5,445.83 07,008.50 0 Accounts Receivable Adjustments673.42 0 7,353.98 7,353.98 0673.42 0Interest Income0.00 583 0.00 (5,833.00) 7,000(583.00) 5,833Late Fee Charge0.00 100 1,105.00 105.00 1,200(100.00) 1,000Newsletter Ad Revenue30,427.00 68,255 285,954.82 12,934.82 273,020(37,828.00) 273,020Owner Dues0.00 0 0.00 (5,509.00) 5,5090.00 5,509Previous year gain0.00 33 505.00 172.00 400(33.00) 333Violation Income

Total Revenues

300,364.63 285,69568,971(30,862.08) 287,12914,669.6338,108.92

Operating Expenses:Administration

0.00 0 3,156.50 (343.50) 3,5000.00 3,500Easement-S&R Club

Totals for Administration

3,156.50 3,50000.00 3,500(343.50)0.00

Utilities

89.90 250 2,893.78 393.78 3,000(160.10) 2,500Electric313.23 92 973.59 56.59 1,100221.23 917Water

Totals for Utilities

3,867.37 3,41734261.13 4,100450.37403.13

Grounds

5,089.00 5,056 50,490.00 (67.00) 60,66833.00 50,557Grounds Contract675.00 2,500 26,862.61 1,862.61 30,000(1,825.00) 25,000Grounds Extra/Improvement770.13 0 770.13 770.13 0770.13 0Grounds Non-Contract

Totals for Grounds

78,122.74 75,5577,556(1,021.87) 90,6682,565.746,534.13

Maintenance

0.00 100 506.34 (493.66) 1,200(100.00) 1,000Fence maintenance0.00 83 1,075.86 242.86 1,000(83.00) 833Sign Maintenance

Totals for Maintenance

1,582.20 1,833183(183.00) 2,200(250.80)0.00

Professional Fees

0.00 0 0.00 (2,600.00) 2,6000.00 2,600 Accounting - CPA0.00 92 0.00 (917.00) 1,100(92.00) 917Legal fees-ARC0.00 167 1,018.75 (648.25) 2,000(167.00) 1,667Legal-Opinion445.50 250 5,432.41 2,932.41 3,000195.50 2,500Legal/Collection Fees5,148.00 5,148 51,480.00 0.00 61,7760.00 51,480Management Contract0.00 34 0.00 (338.00) 406(34.00) 338Misc. Operating Reserve

Totals for Professional Fees

57,931.16 59,5025,691(97.50) 70,882(1,570.84)5,593.50(unaudited)

Harrington Grove HOA2:06PMPage 3NOV 10,2009Charleston Management Corp.Income Statement for October 31, 2009 (cash basis)Current MonthYear-to-DateBudget vsBudget vsAnnual AmountBudgetActual $AmountBudgetActual $Budget

Taxes and Insurance

0.00 0 976.00 (24.00) 1,0000.00 1,000Income Taxes568.77 483 4,044.45 (788.55) 5,80085.77 4,833Insurance

Totals for Taxes and Insurance

5,020.45 5,83348385.77 6,800(812.55)568.77

Recreation

627.70 63 1,009.88 384.88 750564.70 625Playground Equipment/Maintenanc

Totals for Recreation

1,009.88 62563564.70 750384.88627.70

Miscellaneous Expense

0.00 125 999.56 (250.44) 1,500(125.00) 1,250Bad Debt0.00 192 2,272.94 355.94 2,300(192.00) 1,917Community Action30.00 0 (660.34) (660.34) 030.00 0Contingency0.00 500 2,466.13 (2,533.87) 6,000(500.00) 5,000Newsletter 118.71 625 4,847.79 (1,402.21) 7,500(506.29) 6,250Postage2,937.21 667 10,812.74 4,145.74 8,0002,270.21 6,667Printing0.00 42 0.00 (417.00) 500(42.00) 417Rewards & Recognition6,450.00 4,829 50,070.80 1,779.80 57,9491,621.00 48,291Security(236.05) 500 3,930.49 (1,069.51) 6,000(736.05) 5,000Social215.47 83 869.57 36.57 1,000132.47 833Vandalism257.40 67 707.40 40.40 800190.40 667Website0.00 250 0.00 (2,500.00) 3,000(250.00) 2,500Welcome Committee

Totals for Miscellaneous Expense