BALANCE SHEET - PWHOA (02/28/03)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS:

 

 

 

 

 

 

 

 

  Operating Assets - General

 

 

 

 

 

 

      Checking-Bank Atlantic

 

7,562.45

 

 

 

 

      Savings - Bank Atlantic

 

129,409.20

 

 

 

 

      Checking - Union Bank

 

80,938.92

 

 

 

 

      Money Market - SouthTrust

 

3,615.81

 

 

 

 

      Total Operating Assets - General

 

221,526.38

 

 

 

  Operating Assets - Cable

 

 

 

 

 

 

      Cable Account - Amtrust Bank

0.00

 

 

 

 

      Cable Account - Washington Mutual

45,747.32

 

 

 

 

      Cable Account - Regent Bank

13,235.26

 

 

 

 

      Total Operating Assets - Cable

 

58,982.58

 

 

 

  Other Assets

 

 

 

 

 

 

 

      Accounts Receivable

 

42,804.19

 

 

 

 

      Bulk Cable Receivables

 

1,012.00

 

 

 

 

      Prepaid Insurance

 

7,359.68

 

 

 

 

      Total Other Assets

 

 

51,175.87

 

 

 

TOTAL ASSETS

 

 

 

 

 $331,684.83

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES & EQUITY:

 

 

 

 

 

 

  Operating Liabilities

 

 

 

 

 

 

 

      Accounts Payable

 

3,592.58

 

 

 

 

      Prepaid Assessments

 

366.89

 

 

 

 

      Prepaid Cable Assessment

 

561.05

 

 

 

 

      Deferred Revenue

 

 

222,833.32

 

 

 

 

      Deferred Cable Income

 

57,608.20

 

 

 

 

      Total Operating Liabilities

 

 

284,962.04

 

 

 

  Members Equity

 

 

 

 

 

 

 

      Members Equity

 

 

44,324.97

 

 

 

 

      Current Year Earnings

 

2,397.82

 

 

 

 

      Total Members Equity

 

 

46,722.79

 

 

 

TOTAL LIABILITIES & EQUITY

 

 

 

 $331,684.83

 

 

 

 

 

 

 

 

 

 

 

HOMEOWNERS EQUITY:

 

 

 

 

 

 

      Total Members Equity

 

46,722.79

 

 

 

 

          Less Cable Surplus

 

1,825.33

 

 

 

 

TOTAL HOMEOWNERS EQUITY

 $44,897.46

 

 

 

 


 

 

BUDGET COMPARISON - PWHOA (02/28/03)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MTD

MTD

YTD

YTD

Annual

 

 

 

 

Actual

Budget

Actual

Budget

Budget

INCOME:

 

 

 

 

 

 

 

 

    Homeowner Assessment

 

22,283.34

22,283.33

44,566.68

44,566.67

267,400.00

    Interest Income

 

 

145.98

308.33

201.78

616.67

3,700.00

    Bulk Cable Assessment

 

14,758.34

15,275.25

29,516.68

30,550.50

183,303.00

    Miscellaneous Income

 

0.00

0.00

25.00

0.00

0.00

    Clean-up Fees

 

 

0.00

0.00

0.00

0.00

0.00

    Corrective Maintenance - Cov. Enforcement

0.00

0.00

0.00

0.00

0.00

    Newsletter Advertising

 

354.00

250.00

438.00

500.00

3,000.00

TOTAL INCOME

 

 

37,541.66

38,116.92

74,748.14

76,233.83

457,403.00

 

 

 

 

 

 

 

 

 

EXPENSES:

 

 

 

 

 

 

 

 

    Maintenance & Common Area Expense:

 

 

 

 

 

        Irrigation Maint/Upgrade

 

603.75

833.33

1,322.63

1,666.67

10,000.00

        Landscape Replacements

 

0.00

708.33

578.00

1,416.67

8,500.00

        Lawn/Landscaping/Tree Trim

 

2,900.00

3,916.67

6,225.00

7,833.33

47,000.00

        Lake & Dock Maintenance

 

150.00

150.00

300.00

300.00

1,800.00

        Playground Maintenance

 

0.00

268.75

0.00

537.50

3,225.00

        Pressure Cleaning

 

 

0.00

166.67

0.00

333.33

2,000.00

        Security

 

 

7,315.24

7,916.67

16,647.53

15,833.33

95,000.00

        Miscellaneous General Maintenance

0.00

275.00

650.00

550.00

3,300.00

        Street Signs

 

 

202.34

333.33

404.68

666.67

4,000.00

        Cable TV

 

 

14,849.03

15,275.25

29,698.06

30,550.50

183,303.00

        Utilities - Electric

 

 

3,031.43

2,231.25

5,124.92

4,462.50

26,775.00

        Total Maint. & Com. Area Expense

29,051.79

32,075.25

60,950.82

64,150.50

384,903.00

    Administrative Expense:

 

 

 

 

 

 

        Accounting Fees

 

 

0.00

125.00

0.00

250.00

1,500.00

        Insurance

 

 

1,226.94

1,341.67

2,453.88

2,683.33

16,100.00

        Legal

 

 

 

137.30

416.67

1,858.11

833.33

5,000.00

        Office Supplies

 

 

122.54

508.33

139.40

1,016.67

6,100.00

        Postage/Other

 

 

0.00

325.00

0.00

650.00

3,900.00

        Holiday Lights

 

 

0.00

41.67

112.11

83.33

500.00

        Meeting Room Fees

 

0.00

41.67

0.00

83.33

500.00

        Newsletter Printing Expense

 

344.71

333.33

1,109.75

666.67

4,000.00

        Management Fees

 

 

2,900.00

2,900.00

5,665.00

5,800.00

34,800.00

        Taxes-Licenses-Permits

 

0.00

8.33

61.25

16.67

100.00

        Total Administrative Expense

 

4,731.49

6,041.67

11,399.50

12,083.33

72,500.00

 

 

 

 

 

 

 

 

 

TOTAL EXPENSE

 

 

33,783.28

38,116.92

72,350.32

76,233.83

457,403.00

 

 

 

 

 

 

 

 

 

NET INCOME/(LOSS)

 

 

3,758.38

0.00

2,397.82

0.00

0.00

 

 


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