Financials

Budgets

The budgets show the projected income and expense for the given fiscal year.

2018Budget for Non-Cluster HomesBudget for Cluster Homes
2017Budget for Non-Cluster HomesBudget for Cluster Homes
2016Budget for Non-Cluster HomesBudget for Cluster Homes

Monthly Financials

Monthly Financial documents available to Lyons Gate homeowners include the Balance Sheet and Income & Expense statement.

The balance sheet is a financial statement that gives an accounting picture of assets owned by the association and of claims against those assets on a specific date. One part of the balance sheet lists assets, while another part shows liabilities and the owner’s equity. ASSETS must always equal LIABILITIES + NET WORTH. Therefore a balance sheet is often described as a “snapshot” of the association’s financial condition at a given point in time.

The Income & Expense Statement is a financial statement that contains a summary of the Association’s financial operations for a specific period of time. It shows the net profit or loss for the period by stating the company’s revenues and expenses.

December 2017Balance SheetIncome and Expense Statement
November 2017Balance SheetIncome and Expense Statement
October 2017Balance SheetIncome and Expense Statement
September 2017Balance SheetIncome and Expense Statement
August 2017Balance SheetIncome and Expense Statement
July 2017Balance SheetIncome and Expense Statement
June 2017Balance SheetIncome and Expense Statement
May 2017Balance SheetIncome and Expense Statement
April 2017Balance SheetIncome and Expense Statement
March 2017Balance SheetIncome and Expense Statement
February 2017Balance SheetIncome and Expense Statement
January 2017Balance SheetIncome and Expense Statement

Auditor’s Reports

An Auditor’s Report is an annual independent financial review of the Association’s financials for a given fiscal year.  The report may take the form of an Audit, a Review, or a Compilation.

2016Auditor's Report
2015Auditor's Report
2014Auditor's Report