BALANCE SHEET - PWHOA (12/31/02)

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS:

 

 

 

 

 

 

 

  Operating Assets - General

 

 

 

 

 

      Checking-Bank Atlantic

 

7,581.18

 

 

 

      Savings - Bank Atlantic

 

10,081.23

 

 

 

      Checking - Union Bank

 

56,983.12

 

 

 

      Money Market - SouthTrust

 

3,612.89

 

 

 

      Total Operating Assets - General

 

78,258.42

 

 

  Operating Assets - Cable

 

 

 

 

 

      Cable Account - Amtrust Bank

1.55

 

 

 

      Cable Account - Washington Mutual

59,817.35

 

 

 

      Cable Account - Regent Bank

27,779.85

 

 

 

      Total Operating Assets - Cable

 

87,598.75

 

 

  Other Assets

 

 

 

 

 

 

      Accounts Receivable

 

996.60

 

 

 

      Bulk Cable Receivables

 

3,929.35

 

 

 

      Prepaid Insurance

 

9,813.56

 

 

 

      Total Other Assets

 

 

14,739.51

 

 

TOTAL ASSETS

 

 

 

 

 $180,596.68

 

 

 

 

 

 

 

 

 

LIABILITIES & EQUITY:

 

 

 

 

 

  Operating Liabilities

 

 

 

 

 

 

      Accounts Payable

 

4,856.39

 

 

 

      Prepaid Assessments

 

43,150.11

 

 

 

      Prepaid Cable Assessment

 

1,140.33

 

 

 

      Deferred Revenue

 

 

0.00

 

 

 

      Deferred Cable Income

 

87,124.88

 

 

 

      Total Operating Liabilities

 

 

136,271.71

 

 

  Members Equity

 

 

 

 

 

 

      Members Equity

 

 

103,419.67

 

 

 

      Current Year Earnings

 

-59,094.70

 

 

 

      Total Members Equity

 

 

44,324.97

 

 

TOTAL LIABILITIES & EQUITY

 

 

 

 $180,596.68

 

 

 

 

 

 

 

 

 

HOMEOWNERS EQUITY:

 

 

 

 

 

      Total Members Equity

 

44,324.97

 

 

 

          Less Cable Surplus

 

3,262.89

 

 

 

TOTAL HOMEOWNERS EQUITY

 $41,062.08

 

 

 


 

BUDGET COMPARISON - PWHOA (12/31/02)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MTD

YTD

Annual

Income

 

 

 

 

Actual

Actual

Budget

Over Budget

INCOME:

 

 

 

 

 

 

 

    Homeowner Assessment

 

21,434.50

257,250.00

257,250.00

0.00

    Interest Income

 

 

60.02

3,331.06

4,000.00

-668.94

    Bulk Cable Assessment

 

14,758.34

175,822.12

176,000.00

-177.88

    Miscellaneous Income

 

20.00

70.00

0.00

70.00

    Clean-up Fees

 

 

0.00

370.00

0.00

370.00

    Corrective Maintenance - Cov. Enforcement

0.00

293.33

0.00

293.33

    Newsletter Advertising

 

419.00

3,487.50

3,000.00

487.50

    Golf Event Sponsorship

 

0.00

7,629.33

0.00

7,629.33

TOTAL INCOME

 

 

36,691.86

448,253.34

440,250.00

8,003.34