Notes to Financial Statements

The system contains programs which allow you to custom write the notes to fit each company. These notes are then stored on the company's file and can be printed or changed at any time.

Note 1 - Bonds Payable

              Bonds payable as of October 31, 2000 consisted of

         the following:

                     `       Original       Current

                              Balance       Balance       Collateral



         FHA              $150,000.00   $126,420.00       Sewer System