BFIC-TREASURERS REPORT

BRAYS FOREST IMPROVEMENT CORPORATION
STATEMENT OF CASH RECEIPTS & EXPENSES bfifst.xls
FOR THE MONTH ENDING OCTOBER 31, 2007

RECONCILED BOOK/BANK BALANCE AT 7/31/07                                          $14,557.91
MONTHLY DEPOSITS:
ANNUAL MAINTENANCE FEES-2007                     $432.00
PRIOR YEARS AMA FEES                                                  288.00
LATE FEES & INTEREST                                                    43.20
REFUNDS                                                                                 0.00
ADMINISTRATIVE & COLL FEES                                   200.00
TRANSFER & REFINANCE FEES                                  450.00
HOLT & YOUNG LEGAL FEES (*)                                6,233.59
VOLUNTARY CONTRIBUTIONS                                          0.00
INTEREST                                                                                 1.16
                 TOTAL DEPOSITS                                                                             $7,647.95
TOTAL CASH AVAILABLE                                                         $22,205.86

MONTHLY EXPENSES:
D. PINEDO POOL MAINT. TO 10/26/07                $300.00
KENNEDY LAWN SERVICE 10/2 TO 10/23 + TREES         830.00
CITY OF HOUSTON-WATER BILLS-TO 10/10/07                 139.15
RELIANT ENERGY- ELECTRIC TO 10/08/07                         466.10
AT&T PHONE 10/07                                                            49.94
POSTMASTER-STAMPS                                                      41.58
HANDYMAN DEPOT-DEP-CANOPY & DITCH            2,735.00
HOLT & YOUNG - LEGAL                                                  5,767.28
                   TOTAL EXPENSES                                                                             $10,329.05

RECONCILED BOOK/BANK BALANCE AT 10/31/07 $11,876.81
TRANSACTIONS AFTER 10/31/07:
DEPOSITS: $0.00

            EXPENSES: H&Y LGL - UNPAID (CH #3947)         -3,686.95
                                                                                              ($3,686.95
    UNENCUMBERED CASH AFTER UNPAID BILLS                                  $8,189.86

10/1/07      A/R- HOLT & YOUNG EST UNPD BFIC/HY FEES: $11,814.67 ***
                   HOLT & YOUNG-UNPAID LEGAL (17)                      -4,519.00
                                      NET A/R:                                                                          $7,295.67
                   NUMBERS AT 11/1/07
2007            TTL. AMA'S: 245 PAID: 238 UNPAID: 7

    *** 5 HOMEOWNERS OVER 90 DAYS OLD WITH   $5,887
             MULTIPLE YEARS UNPAID                  OR 50%