Fishers Farm Homeowner's Association, Inc.					12:07 PM
Balance Sheet					04/04/2004
As of March 31, 2004					Accrual Basis
					Mar 31, 04
ASSETS
	Current Assets
		Checking/Savings
			Huntington		18,222.99
			Long Term Maintenance (Long Term Maintenance)		600.00
		Total Checking/Savings			18,822.99
		Accounts Receivable
			Accounts Receivable		6,201.90
		Total Accounts Receivable			6,201.90
	Total Current Assets				25,024.89
TOTAL ASSETS					25,024.89
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				Accounts Payable	51.74
			Total Accounts Payable		51.74
			Other Current Liabilities
				Unearned Revenue (Unearned Revenue)	7,774.79
			Total Other Current Liabilities		7,774.79
		Total Current Liabilities			7,826.53
	Total Liabilities				7,826.53
	Equity
		Opening Bal Equity			72.69
		Retained Earnings			11,157.83
		Net Income			5,967.84
	Total Equity				17,198.36
TOTAL LIABILITIES & EQUITY					25,024.89
Foot Notes:
- Approx. $5,400 of A/R will be written off due to individuals filing chapter 7.
- Accounts Payable represent utility bills on paid.
- Unearned Revenue represent 1/2 of Decembers memebership
dues, that were billed in Dec. 03, but that have not been recorded as revenue.