H V C N

Huron Valley Community Network

Balance Sheet

June 30, 2003

                                       ASSETS

   Current Assets
   Checking Account - Regular           $ 4,001.55      
                                        ____________
    Total Current Assets                                           4,001.55
   Property and Equipment                   846.40
                                        ____________
    Total Property and Equipment                                     846.40
   Other Assets
                                        ____________
    Total Other Assets                                                 0.00
                                                                ____________
    Total Assets                                                $  4,847.95
                                                                ============


                                  LIABILITIES AND CAPITAL
   Current Liabilities
                                        _____________
    Total Current Liabilities                                          0.00
   Long-Term Liabilities
                                        _____________
    Total Long-Term Liabilities                                        0.00
                                                                ____________
    Total Liabilities                                                  0.00
   Capital
   Retained Earnings                   $   4,961.82
   Net Income                               (113.87)
                                        _____________
    Total Capital                                                  4,847.95
                                                                ____________
    Total Liabilities & Capital                                 $  4,847.95
                                                                ============

                   Unaudited - For Management Purposes Only