Weatherstone at Highlands Ranch Association, Inc
Statement of Activities
Twelve Months Ended December 31, 2003
				Replacement		Special		Total
		Operating		Reserve		Assessment
		Fund		Fund		Fund
Income:
Dues Income		69,200.04		18,999.96				88,200.00
Interest		-		869.49		1,555.84		2,425.33
Contribution from Shea		-				30,093.00		30,093.00
Contribution of Land						150,000.00		150,000.00
Other Income		380.00				3,231.00		3,611.00
		69,580.04		19,869.45		184,879.84		274,329.33
Expenses:
Grounds		21,873.00		18,346.03				40,219.03
Pool		22,437.00						22,437.00
Administrative		21,567.00						21,567.00
Utilities		5,132.00						5,132.00
		71,009.00		18,346.03		-		89,355.03
Transfer between Funds		(14,982.06)		(66,154.13)		81,136.19		-
Net Change in Funds		(16,411.02)		(64,630.71)		266,016.03		184,974.30
Weatherstone At Highlands Ranch Association, Inc.
Statement of Financial Position
December 31, 2003
Assets
Current Assets
Cash in Bank - Operating						$        31,930.57
Cash in Bank - Replacement Reserve						33,176.30		$      65,106.87
Dues Receivables								3,114.93
Deposit - Xcel								110.00
								68,331.80
Construction in Process								777,900.45
Land								150,000.00
								927,900.45
Total Assets								$    996,232.25
Liabilities & Net Assets
Current Liabilities
Unearned Dues Income								$      16,062.93
Net Assets
Working Capital						14,700.00
Operating						19,285.61
Replacement						18,283.26
Special Assessment						927,900.45		980,169.32
								$    996,232.25