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vISION CABLE OF METROLIHA <br /> October 22, 1982 <br /> <br />:.Ir. Charles gcGimlis <br />Cabarrus County ~lanager <br />P.O. Box 707 <br />Concord, H,C. g8025 <br /> <br />Dear ~Ir. ?.IcGinnis: <br /> <br />included in this mailing with the past quarter's franchise <br />paymenn you will find ~inanciaJ in~'oe'~rtlon ~or the fiscal <br />year ending July, 19~2. <br /> <br />Accounting procedures have been revised as a result of the <br />purchase oF Vision Cable by the Newhouse organization so <br />that effective this December ~e will report on a calender <br />year basis. <br /> <br />The balance sheet, the sugary o~ investment in plant and <br />the report oF financial stability f~om Chemical Bank re- <br />fleet ~he old period. ~'e will close the year again on Dee- <br />ember 31 and that and subsequent financial reports ~ill <br />reflect the calendar year. <br /> <br />The 'upcoming quarter i~ill also see the temporary end of <br />new cable plant construction as we meet the requirement of <br />every residence in ~he County where there are aC least 45 <br />homes per linear cable mile. I am pleased co report that <br />we will have completed 100% oF this area in f'our years <br />rather than 90% in Five years as the ~ranchise and o~dinance <br />allow. <br /> <br /> Yours3 ~rulv, <br /> <br /> Robert' Nelton /~' ' ~ <br /> General blanage~ <br /> <br /> it- ~ <br /> "THE ENTERTAINMENT PEOPLE" <br /> <br /> <br />