The purpose of this message is to show to the residents the current financial condition of Villas.  The Board reviews the finances monthly and does its best to ensure adherence to the budget.

The Villas of Wake Forest finances are healthy.

 

Cash and Liquidity:  The operating cash account balance as of 3/31/26 is $139,611 and above the amount of two months of dues/expenses established initially by the COA.  The balance in the North State bank reserve account is $148,571.  The balance of the Fidelity investment account is $249,523.

A CD for $80,000 was renewed for six months.

 Income Statement:  Expenses are favorable to the budget by $18,188 primarily due to lower than expected building maintenance costs and landscaping costs which may catch back up in the months ahead.

COA Financial Statements can be found at the following link:

Residents MUST sign in to this website to view this webpage.

 

Please let me know if you have any questions or comments.

Thanks,

Chris Jones
(Treasurer, Villas Board of Directors)