BALANCE SHEET - PWHOA (04/30/03)
ASSETS:
Operating Assets - General
Checking-Bank Atlantic						7,542.31
Savings - Bank Atlantic						129,409.20
Checking - Union Bank						67,356.17
Money Market - SouthTrust						3,618.84
Total Operating Assets - General								207,926.52
Operating Assets - Cable
Cable Account - Washington Mutual						16,412.21
Cable Account - Regent Bank						13,243.44
Total Operating Assets - Cable								29,655.65
Other Assets
Accounts Receivable						11,287.25
Bulk Cable Receivables						653.05
Prepaid Insurance						4,905.80
Total Other Assets								16,846.10
TOTAL ASSETS									$254,428.27
LIABILITIES & EQUITY:
Operating Liabilities
Accounts Payable						3,703.02
Prepaid Assessments						370.91
Prepaid Cable Assessment						561.05
Deferred Revenue						178,266.64
Deferred Cable Income						28,091.52
Total Operating Liabilities								210,993.14
Members Equity
Members Equity						44,324.97
Current Year Earnings						-889.84
Total Members Equity								43,435.13
TOTAL LIABILITIES & EQUITY									$254,428.27
HOMEOWNERS EQUITY:
Total Members Equity						43,435.13
Less Cable Surplus						1,656.13
TOTAL HOMEOWNERS EQUITY						$41,779.00

 

BUDGET COMPARISON - PWHOA (04/30/03)
						MTD	MTD		YTD	YTD	Annual
						Actual	Budget		Actual	Budget	Budget
INCOME:
Homeowner Assessment						22,283.34	22,283.33		89,133.36	89,133.33	267,400.00
Interest Income						11.28	308.33		225.01	1,233.33	3,700.00
Bulk Cable Assessment						14,758.34	15,275.25		59,033.36	61,101.00	183,303.00
Miscellaneous Income						25.00	0.00		50.00	0.00	0.00
Document Duplication Fee						50.00	0.00		50.00	0.00	0.00
Corrective Maintenance - Cov. Enforcement						0.00	0.00		0.00	0.00	0.00
Newsletter Advertising						84.00	250.00		1,065.00	1,000.00	3,000.00
TOTAL INCOME						37,211.96	38,116.92		149,556.73	152,467.67	457,403.00
EXPENSES:
Maintenance & Common Area Expense:
Irrigation Maint/Upgrade						475.50	833.33		3,103.95	3,333.33	10,000.00
Landscape Replacements						0.00	708.33		578.00	2,833.33	8,500.00
Lawn/Landscaping/Tree Trim						2,900.00	3,916.67		17,454.10	15,666.67	47,000.00
Lake & Dock Maintenance						150.00	150.00		600.00	600.00	1,800.00
Playground Maintenance						100.00	268.75		200.00	1,075.00	3,225.00
Pressure Cleaning						0.00	166.67		0.00	666.67	2,000.00
Security						7,296.41	7,916.67		33,087.99	31,666.67	95,000.00
Miscellaneous General Maintenance						0.00	275.00		650.00	1,100.00	3,300.00
Street Signs						202.34	333.33		809.36	1,333.33	4,000.00
Cable TV						14,849.03	15,275.25		59,396.12	61,101.00	183,303.00
Utilities - Electric						2,071.17	2,231.25		9,546.63	8,925.00	26,775.00
Total Maint. & Com. Area Expense						28,044.45	32,075.25		125,426.15	128,301.00	384,903.00
Administrative Expense:
Accounting Fees						0.00	125.00		0.00	500.00	1,500.00
Insurance						1,226.94	1,341.67		4,907.76	5,366.67	16,100.00
Legal						2,340.78	416.67		5,052.89	1,666.67	5,000.00
Office Supplies						612.02	508.33		1,119.69	2,033.33	6,100.00
Postage/Other						292.16	325.00		414.07	1,300.00	3,900.00
Holiday Lights						0.00	41.67		112.11	166.67	500.00
Meeting Room Fees						0.00	41.67		80.00	166.67	500.00
Newsletter Printing Expense						353.19	333.33		1,807.65	1,333.33	4,000.00
Management Fees						2,900.00	2,900.00		11,465.00	11,600.00	34,800.00
Taxes-Licenses-Permits						0.00	8.33		61.25	33.33	100.00
Total Administrative Expense						7,725.09	6,041.67		25,020.42	24,166.67	72,500.00
TOTAL EXPENSE						35,769.54	38,116.92		150,446.57	152,467.67	457,403.00
NET INCOME/(LOSS)						1,442.42			-889.84

 

 

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