REAL ESTATE ASSOCIATES LTD/CA

CIK:0000225789|SEC Filings

Statements of Operations (unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues:
Rental income		$ 213
Other income		77
Total revenues		290
Operating Expenses:
Operating Costs		218
Depreciation and amortization		(52)
Property taxes		20
Management fees - General Partner		14
General and administrative	2	1
Legal and accounting	60	34
Interest expense	7	21
Total operating expenses	69	360
Income (Loss) from partnership operations	(69)	(70)
Distributions in excess of investment in Local Partnerships	55	35
Net Income (Loss)	(14)	(35)
Net Income (Loss) allocated to limited partners (99%)	$ (14)	$ (35)
Net Income (Loss) per limited partnership interest	$ (0.86)	$ (2.15)

Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net Income (Loss)	$ (14)	$ (35)
Adjustments to reconcile Net Income (Loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		52
Amortization of mortgage premium		(11)
Distributions in excess of investments	(55)	(35)
Change in accounts:
Change in Receivables and deposits	14	10
Change in Restricted escrows	452	(104)
Change in Other assets		59
Change in Accounts payable and accrued expenses	(15)	(7)
Change in Accrued fees due to General Partner	(530)	14
Change in Accrued interest on advances		11
Change in Tenant security deposit liability		(3)
Change in Accrued property tax		20
Net cash provided by (used in) operating activities	(148)	(29)
Cash flows provided by (used in) investing activities:
Distributions in excess of investments	55	35
Net cash provided by (used in) investing activities	55	35
Cash flows provided by (used in) financing activities:
Principal payments on mortgage notes payable		(69)
Repayment of advances from General Partner	(543)
Net cash flows provided by (used in) financing activities	(543)	(69)
Net increase (decrease) in cash and cash equivalents	(636)	(63)
Cash and cash equivalents, beginning of period	1,292	185
Cash and cash equivalents, end of period	656	122
Supplemental disclosure of cash flow information:
Cash paid for interest		$ 10

Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 656	$ 1,292
Receivables and deposits	21	35
Restricted escrows		452
Total assets	677	1,779
Liabilities:
Accounts payable and accrued expenses	34	49
Accrued fees due to General Partner	60	590
Advances and accrued interest due to General Partner or affiliates	0	543
Total liabilities	94	1,182
Partners' Capital Equity (Deficiency):
General partner	(121)	(121)
Limited partners	704	718
Total partners' capital equity (deficiency)	583	597
Total liabilities and partners' capital equity (deficiency)	$ 677	$ 1,779