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