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Assets


Worthington Mews HOA, INC.
For Period Ending 06/30/2003

Assets  

Current Assets

   
  checking - citizens national 48795.21  
  savings - suburban federal 33108.88  
  accounts receivable - co -owner's accounts 19396.04  
  allowance for doubtful accounts -6686.50  
  Total Current Assets 94613.63  
       

Other Assets

   
  Prepaid Expense 259.00  
  Total Other Assets 259.00  
       
TOTAL ASSETS 94872.63  
       
Liabilities  

Current Liabilities

   
  Accounts Payable 23  
  Prepaid unit owners assessments 5745.00  
  Accounts Payable - third parties 142.79  
  Total Current Liabilities 5910.79  
       
TOTAL LIABILITIES 5910.79  
       
Equity  

Owner's Equity

   
  Undesignated Equity 67699.15  
  Working Capital Contribution 1958.00  
  Reserve - Asphalt 9000.00  
  Reserve - Entrance Monument 3000.04  
  Reserve - Water Quality 7500.04  
  Reserve - Walkways 3000.04  
  Total Owners Equity 92157.27  
       
  Current Year Net Income -3195.43  
       
TOTAL EQUITY 88961.84  
       
  TOTAL LIABILITIES & EQUITY 94872.63