<<March 2003 Budget >>

BALANCE SHEET - PWHOA (03/31/03)

ASSETS:
*Operating Assets - General*
Checking-Bank Atlantic	7,552.19
Savings - Bank Atlantic	129,409.20
Checking - Union Bank	78,216.74
Money Market - SouthTrust	3,617.35
Total Operating Assets - General		218,795.48
*Operating Assets - Cable*
Cable Account - Washington Mutual	30,898.29
Cable Account - Regent Bank	13,239.70
Total Operating Assets - Cable		44,137.99
*Other Assets*
Accounts Receivable	24,408.15
Bulk Cable Receivables	1,012.00
Prepaid Insurance	6,132.74
Total Other Assets		31,552.89
TOTAL ASSETS			$294,486.36

LIABILITIES & EQUITY:
*Operating Liabilities*
Accounts Payable	8,165.85
Prepaid Assessments	366.91
Prepaid Cable Assessment	561.05
Deferred Revenue	200,549.98
Deferred Cable Income	42,849.86
Total Operating Liabilities		252,493.65
*Members Equity*
Members Equity	44,324.97
Current Year Earnings	-2,332.26
Total Members Equity		41,992.71
TOTAL LIABILITIES & EQUITY			$294,486.36

HOMEOWNERS EQUITY:
Total Members Equity	41,992.71
Less Cable Surplus	1,739.08
TOTAL HOMEOWNERS EQUITY	$40,253.63