BALANCE SHEET - PWHOA (08/31/03)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS:

 

 

 

 

 

 

 

 

  Operating Assets - General

 

 

 

 

 

 

      Checking-Bank Atlantic

 

1,787.81

 

 

 

 

      Savings - Bank Atlantic

 

105,175.70

 

 

 

 

      Checking - Union Bank

 

8,813.57

 

 

 

 

      Money Market - SouthTrust

 

3,624.95

 

 

 

 

      Total Operating Assets - General

 

119,402.03

 

 

 

  Operating Assets - Cable

 

 

 

 

 

 

      Cable Account - Washington Mutual

39,181.22

 

 

 

 

      Cable Account - Regent Bank

98,527.22

 

 

 

 

      Total Operating Assets - Cable

 

137,708.44

 

 

 

  Other Assets

 

 

 

 

 

 

 

      Accounts Receivable

 

2,481.78

 

 

 

 

      Bulk Cable Receivables

 

13,497.61

 

 

 

 

      Prepaid Insurance

 

18,674.49

 

 

 

 

      Total Other Assets

 

 

34,653.88

 

 

 

TOTAL ASSETS

 

 

 

 

 $291,764.35

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES & EQUITY:

 

 

 

 

 

 

  Operating Liabilities

 

 

 

 

 

 

 

      Accounts Payable

 

3,253.18

 

 

 

 

      Prepaid Assessments

 

913.57

 

 

 

 

      Prepaid Cable Assessment

 

397.94

 

 

 

 

      Deferred Revenue

 

 

89,133.28

 

 

 

 

      Deferred Cable Income

 

152,979.16

 

 

 

 

      Total Operating Liabilities

 

 

246,677.13

 

 

 

  Members Equity

 

 

 

 

 

 

 

      Members Equity

 

 

44,324.97

 

 

 

 

      Current Year Earnings

 

762.25

 

 

 

 

      Total Members Equity

 

 

45,087.22

 

 

 

TOTAL LIABILITIES & EQUITY

 

 

 

 $291,764.35

 

 

 

 

 

 

 

 

 

 

 

HOMEOWNERS EQUITY:

 

 

 

 

 

 

      Total Members Equity

 

45,087.22

 

 

 

 

          Cable Adjustment

 

2,171.05

 

 

 

 

TOTAL HOMEOWNERS EQUITY

 $47,258.27

 

 

 

 


 

BUDGET COMPARISON - PWHOA (08/31/03)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MTD

MTD

YTD

YTD

Annual

 

 

 

 

Actual

Budget

Actual

Budget

Budget

INCOME:

 

 

 

 

 

 

 

 

    Homeowner Assessment

 

22,283.34

22,283.33

178,266.72

178,266.67

267,400.00

    Interest Income

 

 

201.41

308.33

1,294.37

2,466.67

3,700.00

    Bulk Cable Assessment

 

15,297.92

15,275.25

117,720.72

122,202.00

183,303.00

    Miscellaneous Income

 

263.22

0.00

513.22

0.00

0.00

    Corrective Maintenance - Cov. Enforcement

0.00

0.00

0.00

0.00

0.00

    Newsletter Advertising

 

1,248.00

250.00

2,511.00

2,000.00

3,000.00

TOTAL INCOME

 

 

39,293.89

38,116.92

300,306.03

304,935.33

457,403.00

 

 

 

 

 

 

 

 

 

EXPENSES:

 

 

 

 

 

 

 

 

    Maintenance & Common Area Expense:

 

 

 

 

 

        Irrigation Maint/Upgrade

 

380.35

833.33

5,132.78

6,666.67

10,000.00

        Landscape Replacements

 

0.00

708.33

1,414.66

5,666.67

8,500.00

        Lawn/Landscaping/Tree Trim

 

2,900.00

3,916.67

30,004.10

31,333.33

47,000.00

        Lake & Dock Maintenance

 

150.00

150.00

1,200.00

1,200.00

1,800.00

        Playground Maintenance

 

100.00

268.75

1,234.40

2,150.00

3,225.00

        Pressure Cleaning

 

 

0.00

166.67

0.00

1,333.33

2,000.00

        Security

 

 

7,315.24

7,916.67

64,403.66

63,333.33

95,000.00

        Miscellaneous General Maintenance

0.00

275.00

1,463.74

2,200.00

3,300.00

        Street Signs

 

 

1,937.28

333.33

5,228.66

2,666.67

4,000.00

        Cable TV

 

 

16,341.56

15,275.25

121,483.03

122,202.00

183,303.00

        Utilities - Electric

 

 

2,408.90

2,231.25

18,166.10

17,850.00

26,775.00

        Total Maint. & Com. Area Expense

31,533.33

32,075.25

249,731.13

256,602.00

384,903.00

    Administrative Expense:

 

 

 

 

 

 

        Accounting Fees

 

 

0.00

125.00

0.00

1,000.00

1,500.00

        Insurance

 

 

1,622.26

1,341.67

10,606.16

10,733.33

16,100.00

        Legal

 

 

 

1,466.07

416.67

8,220.69

3,333.33

5,000.00

        Office Supplies

 

 

309.20

508.33

3,702.43

4,066.67

6,100.00

        Postage/Other

 

 

0.00

325.00

725.61

2,600.00

3,900.00

        Holiday Lights

 

 

0.00

41.67

112.11

333.33

500.00

        Meeting Room Fees

 

0.00

41.67

80.00

333.33

500.00

        Newsletter Printing Expense

 

363.19

333.33

3,239.40

2,666.67

4,000.00

        Management Fees

 

 

2,900.00

2,900.00

23,065.00

23,200.00

34,800.00

        Taxes-Licenses-Permits

 

0.00

8.33

61.25

66.67

100.00

        Total Administrative Expense

 

6,660.72

6,041.67

49,812.65

48,333.33

72,500.00

 

 

 

 

 

 

 

 

 

TOTAL EXPENSE

 

 

38,194.05

38,116.92

299,543.78

304,935.33

457,403.00

 

 

 

 

 

 

 

 

 

NET INCOME/(LOSS)

 

 

1,099.84

 

762.25

 

 

 

 


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