Lake Front Royal Property Owners Association, Inc.
Lake Front Royal Property Owners Association, Inc. Lake Front Royal Property Owners Association, Inc. serves as the governance association for the Lake Front Royal community
115 Lake Front Road Front Royal VA 22630
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Lake Front Royal Property Owners Association, Inc.

POA Financial Report

Financial Reports

LFRPOA Balance Sheet May 25th 2021

LFRPOA
Balance Sheet
As of May 25, 2021
Cash Basis Tuesday, May 25, 2021 02:01 PM GMT-04:00 1/1
TOTAL
ASSETS
Current Assets
Bank Accounts
10006 Bank Adjustment 1,778.20
10007 RAP Fund 0.00
BB&T New LFR POA 30,598.68
BB&T Operating Account 0.00
BB&T Snow Removal/Reserve 0.00
Reserve 20,343.97
Total Bank Accounts $52,720.85
Accounts Receivable
11000 Accounts Receivable 506.55
Total Accounts Receivable $506.55
Other Current Assets
11002 Accrual to Cash AR Adj 7,698.90
12000 Undeposited Funds 100.00
Other Current Assets 0.00
Uncategorized Asset -571.70
Total Other Current Assets $7,227.20
Total Current Assets $60,454.60
Fixed Assets
16000 Engineering Costs 3,737.00
17000 Accumulated Depreciation 0.00
17500 Computer 0.00
17600 Buildings 14,671.68
Total Fixed Assets $18,408.68
TOTAL ASSETS $78,863.28
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
24000 Payroll Liabilities 646.20
Total Other Current Liabilities $646.20
Total Current Liabilities $646.20
Total Liabilities $646.20
Equity
30000 Opening Balance Equity 0.00
32000 Retained Earnings 82,098.15
Net Income -3,881.07
Total Equity $78,217.08
TOTAL LIABILITIES AND EQUITY $78,863.28

LFRPOA 2020 Tax Return

LFRPOA 2020 Tax Return

January 1, 2020 Balance Sheet

2020balancesheet

Profit and Loss January 1 - December 31, 2019

Profit and Loss June 2020

Profit and Loss January 1 - June 9, 2019

Profit and Loss June 19

Lake Front Royal Property Owners Association 2019-2020 Budget

LFRPOA

Expenses

 

   60300 Bank Charges

600.00 

   61700 Computer and Internet Expenses

1,200.00 

   63300 Insurance Expense

3,600.00 

   63700 Landscaping and Groundskeeping

6,400.00 

   63900 Licenses & Corporate Fees

1,000.00 

   64900 Office Supplies

1,000.00 

   66500 Postage and Delivery

2,000.00 

   76000 Accounting Expense

3,000.00 

   Legal Fees

5,400.00 

Total Expenses

$          24,200.00 

   

# of lots

346.00 

Dues per lot

 $              69.94