Willow Bend Homeowners Association, Inc. · Idaho entity W-44821 · Meridian, Idaho · 340 Lots · Managing agent: Westgate Property Management
| Account | Amount |
|---|---|
| Operating cash and equivalents | $186,420 |
| Capital reserve investments / cash | $890,400 |
| ACC deposit cash (restricted) | $42,150 |
| Landscape escrow (restricted) | $18,600 |
| Assessments receivable (net of allowance) | $6,840 |
| Prepaid insurance and other prepaid expenses | $9,210 |
| Total assets | $1,153,620 |
| Account | Amount |
|---|---|
| Accounts payable and accrued expenses | $14,280 |
| Prepaid assessments | $11,400 |
| ACC deposits payable to Owners (refundable) | $42,150 |
| Landscape escrow liability | $18,600 |
| Total liabilities | $86,430 |
| Fund | Amount |
|---|---|
| Unrestricted — operating fund | $176,790 |
| Board-designated — capital reserve fund | $890,400 |
| Total net assets | $1,067,190 |
| Total liabilities and net assets | $1,153,620 |
1. Capital reserve percent funded remains 62% relative to the 2023 reserve study. Draft update due 11 December 2026.
2. Quarterly assessments are $285 per Lot under the 2026 adopted budget (adopted 2 December 2025); annual assessment income budgeted at 340 × $285 × 4 = $387,600.
3. ACC deposits are restricted and offset by the related liability until projects are completed and inspected under the Design Guidelines.
4. Landscape escrow relates to the common-area maintenance contract cycle (Greenbench through 31 December 2026; RFP for 2027–2029 in process).
5. This statement does not capitalize Association Property real estate at historical cost; amenity replacement funding is reflected through the reserve fund and study.
Prepared by Westgate Property Management for Treasurer Ellen Marsh.
Susan Collins · 208-555-0142 · manager@willowbendhoa.org
980 W State Street, Suite 210, Boise, ID 83702