Weatherstone At Highlands Ranch Association, Inc.
Statement of Financial Position
February 28, 2003
ASSETS
Current Assets
Cash in Bank
Operating					$74,339.89
Reserve (Replacements)					76,278.93
Special Assessment					57,375.83	$ 207,994.65
Dues Receivable						5,862.00
Special Assessment Receivable						4,651.85
Deposit						110.00
	Total Current Assets					218,618.50
Construction in Progress						597,926.47
	Total Assets					816,544.97
LIABILITIES and EQUITY
Current Liabilities
Prepaid Dues						4,200.14
Equity
Working Capital Fund					14,700.00
Operating Fund					61,411.75
Special Assessment Fund					659,954.15
Replacement Reserve Fund					76,278.93
	Total Equity					812,344.83
	Total Liabilities and Equity					$ 816,544.97
Weatherstone At Highlands Ranch Association, Inc
Statement of Activities-All Funds
Two Months Ended February 28, 2003
								Special
				Operating Fund		Replacement		Assessment
Revenues
Dues				$    22,050.00		$              -		$              -
Income						604.05		1,304.62
Other Income				110.00				577.00
				22,160.00		604.05		1,881.62
Expenses
Administration				2,331.00
Transfer to Replacement Reserve				3,166.00		(3,166.00)
Pool				-
Grounds				-
Utilities				107.00
				5,604.00		(3,166.00)		-
Increase in Operating Equity				16,556.00		3,770.05		1,881.62
Operating Equity-Beginning of Year				44,855.75		72,508.88		658,072.53
Operating Equity-End of Year				$    61,411.75		$   76,278.93		$659,954.15