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4 | THE COLONY NEWS | JULY 2024 | The Colony at California Oaks Homeowners Association March 2024 Treasurer's Report Balance Sheet (Rounded to Nearest 000) As of March 31, 2024 (Pending Annual Audit) Operating Assets Total Operating Funds $1,390,000 Other Assets $8,000 Accounts Receivable $26,000 Prepaid Expenses $8,000 Land $13,000 Other Assets – Colony Creek Properties, LLC ____$1,000 Total Operating Assets $1,446,000 Reserve Assets Reserve Funds __$3,878,000 Total Reserve Assets $3,878,000 Total Operating and Reserve Assets $5,324,000 Operating Liabilities Accounts Payable $11,000 State and Federal Tax 0 Accrued Expenses $23,000 Prepaid Assessments $232,000 Other Liabilities __$38,000 Total Operating Liabilities $304,000 Reserve Liabilities Capital Reserve Liabilities $4,150,000 Reserves Income/(Loss) ____($272,000) Total Reserve Liabilities $3,878,000 Owners' Equity Equity – Prior Year's $1,081,000 Operating Income / (Loss) ___$61,000 Total Owners' Equity $1,142,000 Total Operating and Reserve Liabilities and Equity $5,324,000 Homeowner Delinquency Status Number of Accounts Total 30 Days 51 $19,000 31 to 60 Days 20 $7,000 61 to 90 Days 9 $3,000 91 to 120 Days 5 $1,000 120+ Days _16_ ___$9,000___ Total 101 $ 39,000 Note: The delinquency totals shown represent unpaid assessments as well as fines owed to the Association. The Board addresses these accounts individually in Executive Session. Note: The unaudited interim financial statements, prepared by Associa-PCM and reviewed by The Colony Board of Directors and Finance Advisory Committee, are available in the Administration Office.