Condo 1 was Borrowing about $60K from Condo 1A at end of 2022

 The cash balance for Condo 1 at the end of December 2022 was about -$60K. Yes, negative $60K. Thank you to the owners in Condo 1A for supplying money for Condo 1 operating expenses.

The details can be found in this Excel file that shows separate balance sheets for the two condos calculated from the monthly financial report.

Here is the cash summary:

	Total	Condo 1	Condo 1A
Current Assets
Valley Account	$ 351,426.35	$ (59,474.59)	$ 410,900.94
Southstate Account	$ 127.54	$ 127.54	$ -
Total Current Assets	$ 351,553.89	$ (59,347.05)	$ 410,900.94

After the January 2023 maintenance payments, Condo 1 will have a positive balance again until March. The cash deficit will be even higher then since the 2023 budget was done poorly and doesn't cover expenses. Of course, we won't see the March 2023 financial report until April 20,2023 which is well after the board election. Then the current board members who voted for the budget will, if reelected, probably be shocked and surprised at the unexpectedly high expenses and do another special assessment.