Caroline Cove Owners Association, Inc.

2003End of Year Financial Picture

Oct 15, 2003

FINANCIAL STATUS OF THE ASSOCIATION: (As of Oct 6, 2003)
Vi Star Checking: $ 1,896.57
Vi Star Savings: 2,553.55
Vi Star Certificate of Deposit (0)
Total Money on Hand $ 4,450.12

Amount owed to the association by homeowners who have arrearages and pending lawsuits:$ 9,626.27
EXPENDITURES TO DATE (As of Oct 6, 2003)
Insurance (Includes payments at the end of 2002) 2,023.19
Foreclosure fees 1,430.78
Retention Pond Mowing 1,977.00
Utilities (Phone) 396.60
Legal fees (A majority will be recovered in time) 2,427.30
Retention Pond Culvert Weed Spraying 400.00
Accounting Fees 529.95
Newsletter printing 461.97
Postage (includes certified mail)1,222.64
Office supplies & equipment 543.19
Federal Taxes 244.25
Corporate Filing fees 161.25
Retention Pond Survey, JCCI, & PAL Rental 445.00
Total Expenditures to date: $ 12, 262.52
Total Funds Collected to date 11, 532.95
Deficit (Paid from Reserves) $-729.57