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