UNITED STATES

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                  FORM 10-Q


          Quarterly Report Pursuant to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934

     Quarter Ended March 31,December 29, 2002        Commission file Number 0-1830

                          BOWL AMERICA INCORPORATED
           (Exact name of registrant as specified in its charter.)

          MARYLAND                                54-0646173
  (State of Incorporation)            (I.R.S. Employer Identification No.)


           6446 Edsall Road, Alexandria, Virginia         22312
          (Address of principal executive offices)     (Zip Code)

                             (703)941-6300
           Registrant's telephone number, including area code

     Indicate by check mark whether the registrant (1) has filed
   all reports required to be filed by Section 13 or 15(d) of the
   Securities Exchange Act of 1934 during the preceding 12 months
   (or for such shorter period that the registrant was required to
     file such reports), and (2) has been subject to such filing
                 requirements for the past 90 days.

                          YES [X]        NO [ ]

      Indicate the number of shares outstanding of each of the issuer's
      classes of common stock, as of the latest practical date:

                                               Shares Outstanding at
                                                  April 28, 2002January 26, 2003

       Class A Common Stock,                           3,657,3763,666,022
          $.10 par value

       Class B Common Stock                            1,483,620
          $.10 par value




ITEM 1. FINANCIAL STATEMENTS


                      BOWL AMERICA INCORPORATED AND SUBSIDIARIES

                     CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                                      PART I - FINANCIAL INFORMATION(Unaudited)


Thirteen Weeks Ended Thirty-nineTwenty-six Weeks Ended March 31, April 1, March 31, April 1,December 29, December 30, December 29, December 30, 2002 2001 2002 2001 _______________________ __________________________ Operating Revenues Bowling and other $6,343,476 $6,465,529 $16,367,505 $16,344,999$5,262,668 $5,547,213 $ 9,541,652 $10,024,029 Food, beverage and merchandise sales 2,652,796 2,647,759 6,929,940 6,737,8172,264,213 2,319,919 4,111,231 4,277,144 _________ _________ __________ __________ 8,996,272 9,113,288 23,297,445 23,082,8167,526,881 7,867,132 13,652,883 14,301,173 Operating Expenses Compensation and benefits 3,445,331 3,320,547 9,791,895 9,538,1423,227,739 3,213,191 6,376,064 6,346,564 Cost of bowling and other 1,530,203 1,477,447 4,472,522 4,293,6961,453,939 1,454,877 2,949,418 2,942,319 Cost of food, beverage and mdsemerchandise sales 847,715 837,795 2,356,453 2,181,949761,304 791,638 1,374,654 1,508,738 Depreciation and amortization 403,570 436,758 487,994 1,325,950 1,469,833844,722 889,192 General and administrative 201,206 464,525 649,817 908,843201,241 276,581 372,829 448,611 _________ _________ __________ __________ 6,461,213 6,588,308 18,596,637 18,392,4636,047,793 6,173,045 11,917,687 12,135,424 Operating Income 2,535,059 2,524,980 4,700,808 4,690,3531,479,088 1,694,087 1,735,196 2,165,749 Interest and dividend income 175,713 186,524 446,813 760,538122,842 138,124 238,278 271,100 _________ _________ __________ __________ Earnings before provision for income taxes 2,710,772 2,711,504 5,147,621 5,450,8911,601,930 1,832,211 1,973,474 2,436,849 Provision for income taxes 973,172 973,500 1,848,000 1,956,900578,273 657,763 712,400 874,828 _________ _________ __________ __________ Net Earnings $1,737,600 $1,738,004$1,023,657 $1,174,448 $ 3,299,6211,261,074 $ 3,493,9911,562,021 Earnings per share- basic andshare-basic & diluted $.33 $.33* $.64 $.66*$.20 $.23 $.25 $.31 Weighted average shares outstanding 5,146,828 5,178,010* 5,128,095 5,262,055*5,149,834 5,151,237 5,149,915 5,118,729 Dividends paid $592,044 $575,417 $1,779,882 $1,693,210$617,999 $595,176 $1,235,999 $1,187,838 Per share, Class A $.12 $.115 $.11* $.345 $.32*$.24 $.23 Per share, Class B $.12 $.115 $.11* $.345 $.32* *Restated for 5% stock dividend paid July 26, 2001.$.24 $.23 CONDENSED CONSOLIDATED STATEMENTSTATEMENTS OF COMPREHENSIVE EARNINGS Net earnings $1,737,600 $1,738,004Earnings $1,023,657 $1,174,448 $ 3,299,621 $ 3,493,9911,261,074 $1,562,021 Other comprehensive earnings netearnings-net of tax Unrealized lossgain (loss) on available-for-saleavailable for sale securities (537,358) (199,634) (745,064) (1,731,104)662,608 (407,419) (68,642) (207,706) _________ _________ _________ _________ Comprehensive earnings $1,200,242 $1,538,370$1,686,265 $ 2,554,557767,029 $ 1,762,8871,192,432 $1,354,315
The operating results for thesethe thirteen (13) and thirty-nine (39)twenty-six (26) week periods ended December 29, 2002 are not necessarily indicative of results to be expected for the year. See notes to condensed consolidated financial information. -2- BOWL AMERICA INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
March 31,December 29, 2002 July 1, 2001 _______________June 30, 2002 ________________ _____________ ASSETS Current Assets Cash and cash equivalents $ 3,181,9792,156,588 $ 1,338,4201,633,817 Short-term investments 8,736,616 6,236,6659,145,935 8,183,932 Inventories 532,937 720,505662,607 541,027 Prepaid expenses and other 1,111,547 867,938299,879 479,289 Income taxes refundable - 449,093177,143 699,768 __________ __________ Total Current Assets 13,563,079 9,612,62112,442,152 11,537,833 Property, Plant and Equipment less accumulated depreciation of $27,285,698$27,594,411 and $26,598,008 20,807,076 21,078,785$26,996,091 20,647,202 20,505,586 Other Assets Marketable equity securities 5,034,288 6,216,9283,881,343 3,990,248 Cash surrender value-life insurance 414,203 411,411434,040 431,249 Other long-term assets 117,338 278,12167,267 97,662 __________ __________ TOTAL ASSETS $39,935,984 $37,597,866$37,472,004 $36,562,578
BOWL AMERICA INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
December 29, 2002 June 30, 2002 _________________ _____________ LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $ 678,206546,802 $ 1,071,563701,671 Accrued expenses 1,135,465 934,274 Income taxes payable 214,970 -and payroll ded 656,271 749,245 Other current liabilities 2,520,793 400,8891,612,183 369,027 __________ __________ Total Current Liabilities 4,549,434 2,406,7262,815,256 1,819,943 Long-term Deferred Compensation 132,496 132,496 Noncurrent Deferred Income Taxes 2,051,398 2,488,000 _________ _________1,887,844 1,928,000 ---------- ---------- TOTAL LIABILITIES 6,600,832 4,894,7264,835,596 3,880,439 __________ __________ Stockholders' Equity Preferred stock, par value $10 a share: Authorized and unissued 2,000,000 shares Common stock, par value $.10 per share Authorized 10,000,000 shares Class A issued and outstanding - 3,657,3763,666,022 and 3,491,9763,666,376 shares 365,737 349,197366,602 366,638 Class B issued and outstanding - 1,483,620 and 1,416,427 shares 148,361 141,6431,483,620 148,362 148,362 Additional paid-in capital 7,545,902 5,075,7547,605,160 7,603,646 Unrealized gain on available-for- sale securities net of tax 2,682,407 3,427,471available-for-sale, 1,974,420 2,043,062 Retained earnings 22,592,745 23,709,07522,541,864 22,520,431 __________ __________ TOTAL STOCKHOLDERS' EQUITY $33,335,152 $32,703,140$32,636,408 $32,682,139 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $39,935,984 $37,597,866$37,472,004 $36,562,578 See notes to condensed consolidated financial information.
-3- BOWL AMERICA INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) FOR THE THIRTY-NINETWENTY-SIX WEEKS ENDED MARCH 31,DECEMBER 29, 2002 AND APRIL 1,DECEMBER 30, 2001
March 31, April 1,December 29, December 30, 2002 2001 Cash Flows From Operating Activities: Net earnings $3,299,621 $ 3,493,991$1,261,074 $1,562,021 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,325,950 1,469,833844,722 889,192 Changes in assets and liabilities Decrease(Increase) decrease in inventories 187,568 89,454 Increase(121,580) 43,046 Decrease in prepaid expenses & other (243,609) (259,624)178,759 298,140 Decrease in income taxes refundable 522,625 278,144 Decrease in other long-term assets 157,991 40,413 (Decrease) increase30,395 81,448 Decrease in accounts payable (393,357) 242,360 Increase(154,869) (410,872) Decrease in accrued expenses 201,191 145,562 Increase in income taxes payable 664,063 236,408(92,974) (138,252) Increase in other current liabilities 2,120,878 2,118,4901,243,156 1,202,645 _________ _________ Net cash provided by operating activities $7,320,296 $ 7,576,887$3,711,308 $3,805,512 _________ _________ Cash flows from investing activities Expenditures for property,plant,equip (1,054,241) (3,182,895)(986,338) (981,838) Net (purchases) sales and maturities (purchases) of short-term investments (2,499,951) 352,548(962,003) 223,879 _________ _________ Net cash used in investing activities (3,554,192) (2,830,347)(1,948,341) (757,959) _________ _________ Cash flows from financing activities Payment of cash dividends (1,779,882) (1,693,210)(1,235,999) (1,187,838) Purchase of Class A Common Stock (142,663) (2,091,111)(4,197) (60,813) _________ _________ Net cash used in financing activities (1,922,545) (3,784,321)(1,240,196) (1,248,651) _________ _________ Net Increase in Cash and Cash Equivalents 1,843,559 962,219522,771 1,798,902 Cash and Equivalents, Beginning of YearPeriod 1,633,817 1,338,420 1,523,242 _________ _________ Cash and Equivalents, End of Period $3,181,979 $ 2,485,461$2,156,588 $3,137,322 Supplemental Disclosures of Cash Flow Information Cash paid during the period for Income taxes $1,183,963 $ 1,721,823189,775 $ 596,710 See notes to condensed consolidated financial information.
-4- BOWL AMERICA INCORPORATED AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSINFORMATION For the Thirty-nineTwenty-six Weeks Ended March 31,December 29, 2002 1. Consolidated Financial StatementsBasis for Presentation The accompanying unaudited condensed consolidated financial statements of Bowl America Incorporated and subsidiaries (the "Company"), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. The condensed consolidated balance sheet as of July 1, 2001June 30, 2002 has been derived from the Company's July 1, 2001June 30, 2002 audited financial statements. Certain information and note disclosures normally included in the annual financial statements, prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments and reclassifications (all of which are of a normal, recurring nature) that are necessary for the fair presentation for the periods presented. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company's latest annual report to the Securities and Exchange Commission on Form 10-K for the year ended July 1, 2001.June 30, 2002. 2. Marketable Equity Securities Marketable equity securities are carried at fair value in accordance with the provisions of SFAS No. 115. The telecommunications stocks included in the portfolio as of March 31,December 29, 2002 were: 16,835 shares of AT&T Wireless 2,209 shares of Agere 3,946 shares of Alltel 669 shares of Avaya 27,572 shares of Bell South 8,028 shares of Lucent Technologies 9,969 shares of Qwest Communications 45,580 shares of SBC 32,000 shares of SprintFon 16,000 shares of SprintPCS 18,784 shares of Verizon 13,560 shares of Vodafone/Airtouch -5-AirTouch 3. Commitments and Contingencies In November 2002, the Company signed an agreement with Brunswick Corporation for approximately $189,000 for the purchase of bowling equipment for one center. The Company is expected to receive and install the equipment in the third quarter of this fiscal year. In August 2002, the Company signed an agreement with Brunswick Corporation for the purchase of $597,000 in equipment. These assets were received and installed in the quarter ended December 29, 2002. ITEM 2. BOWL AMERICA INCORPORATED Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS March 31,December 29, 2002 Liquidity and Capital Resources Short-term investments, consisting mainly of U.S. Treasury Bills and Notes, and cash totaled $11,918,000$11,300,000 at the end of the thirdsecond quarter of fiscal 20022003 or $2,768,000$1,572,000 higher than at the beginning of the quarter.quarter and $1,485,000 higher than at the beginning of the fiscal year. The increased funds resulted primarilyresult from operations which reflectsand reflect the seasonal nature of the business. DuringIn the nine-monthsix-month period ended December 29, 2002, the Company expended approximatley $1,100,000approximately $1,000,000 for the purchase of bowling and restaurant equipment and some amusement games as existing locations arewere upgraded. An additional order for equipment for approximately $189,000 was placed. The installation of the equipment will be completed in the third quarter of thes fiscal year. The Company is actively seeking property for the development of additional bowling centers. Cash and cash flow are sufficient to finance all currently plannedcontemplated purchases and construction. The Company's holdings of marketable equity securities, primarily consisting of telecommunications stocks, isare another potential source of expansion capital. These marketable securities are carried at their fair value on the last day of the quarter. For the three-month period ending March 31,ended December 29, 2002, the market value decreasedincreased by $900,000$1,081,000 to approximately $5,000,000.$3,881,000. Current liabilities include $2 millionapproximately $1,400,000 in league deposits of prize fund monies whichthat are returned to the leagues at the end of the bowling season, generally during the fourth quarter. While no factors requiring a change in the dividend rate are apparent, the Board of Directors decides the amount and timing of any dividend at its quarterly meeting based on its appraisal of the state of the business and its estimate of future opportunities. The Company paid a 5% stock dividend on both July 26, 2001 and July 26, 2000. All applicable share and per share data in prior periods have been restated for the effect of the stock dividends. On March 19,December 3, 2002, the CompanyBoard of Directors declared a cash dividend of $.115$.12 per share on its Class A and Class B Common Stock, payable on May 15, 2002February 12, 2003, to share- holders of record as of April 24, 2002. During the fourth quarter of fiscal 2002, the Company will close a center at the end of its lease as the Company was unable to negotiate a new lease.January 10, 2003. Results of Operations DuringIn fiscal year 2002, two centers were closed at the first quarterexpiration of fiscal 2002, atheir leases. One center, operating at break-even, was closed at the end of itsthe first quarter of fiscal 2002, and a profitable center was closed in May 2002 after the Company was unable to negotiate a new lease. The Company also closed a leased location in the second quarter of fiscal 2001. The changes in the number of centers in operation affected all income, expense and comparisons for the periods presented in this report. ThereNet earnings were $.20 per share for the thirteen-week period ended December 29, 2002, versus net earnings of $.33$.23 per share for both the thirteen-week periodsthirteen- week period ended March 31, 2002 and April 1,December 30, 2001. For the current thirty-ninetwenty-six week period net earnings per share were $.64$.25 compared to $.66$.31 for the comparable period a year ago. -6- Operating revenues decreased 1%4% for the three-month period ended March 31,December 29, 2002 versus an increase of 5%4% in the comparable period a year ago. For the current nine-monthsix-month period operating revenues were up 1%down 5% versus a 5%2% increase in the prior year nine-monthsix-month period. While games bowled at comparable locations in the current fiscal year have actually increased, promotional pricing during normally slow times resulted in a lower average game rate. Food, beverage and merchandise sales were flatdown 2% in the current year quarter ended March 31, 2002, and up 3%down 4% in the nine-monthsix-month period. Cost of sales was up 1% fordeclined due to the three-month period and 8% in the nine-month period ended March 31, 2002.lower sales. Operating expenses excluding depreciation and amortization decreased 1%2% in the current three-month period but were up 2% through the nine-month period. Inthree and six month periods versus increases of 5% and 4% for the prior year the three-month period was up 10%three and the nine-month period showed an increase of 7% in expenses.six month periods. Employee compensation and benefits were up 4%slightly in the current quarter and six-month period but were up 3% and 2% respectively last year. Maintenance and repair costs were down 9% in the nine-month period. Overtime pay and a still tight labor market during our busy seasonsix-month period ended December 29, 2002 versus an increase of 10% in the comparable period last year. While this year's costs include snow removal, last year it was building repairs that were the main causesprimarily responsible for the increases.increase. Advertising costs during the quarter ended March 31, 2002,current twenty-six week period decreased 35%6% compared to a 22% increase in the prior year quarter. Last year the Company acquired a second "Rolling Bowling" trailer. These tractor-trailers, containing a workingcomparable period when advertising in support of glow-in-the-dark bowling lane and pinsetter, are used at fairs, schools and other events to promote bowling. The higher expense in advertising last year was primarily due to the cost of preparing both trailers for the new season.run. Utility costs for the current quarter were down 3% versus an increase of 6%4% and down 8% for the six-month period but were flat in both last year's quarter. For the nine-month period ending March 31, 2002, utilityquarter and six-month periods. Bowling supplies and services costs were flatup 2% for the six-month period compared to an increase of 2% for8% decrease in the comparable prior year period. General and administrative expenses decreased significantly in the current three-month and nine-month periods from the prior year periods. Last year the Company was defending a lawsuit brought by a former employee, which commenced during the first quarter of fiscal year 2001 and was decided in the Company's favor in the fourth quarter of fiscal 2001. Depreciation and amortization expense decreased 10%5% in the year-to-date period versus a decrease of 11%and 9% in the comparable prior year period. SeveralFewer centers are in operation and several large capital assets have reached full depreciation. Rent expense for the nine-months ended March 31, 2002 was down 5%16% in the current year six-month period and 6% in the prior year comparable period due to the closing of a leased centercenters mentioned above. Rent expense in the prior year's comparable period decreased 25% after the closing of a leased location and the purchase of a formerly leased center. Insurance expense increased approximately 20%42% through the nine-monthsix-month period ended March 31,December 29, 2002 primarilyand 10% in the six-month period a year ago. The bulk of the extraordinary premium increase following 9/11/01 has now been accounted for and renewal premiums are expected to increase less than 20%. CRITICAL ACCOUNTING POLICIES Critical accounting policies have the potential to have an impact on the Company's financial statements, either because of the significance of the financial statement item to which they relate, or because they require judgment and estimation due to an increasethe uncertainty involved in premiums asmeasuring at a resultspecific point in time, events that are continuous in nature. Due to the nature of its business, the Company has no accounting policies that it considers critical to the understanding of the events of September 11.Company's financial reporting. ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Not applicable -7-ITEM 4. CONTROLS AND PROCEDURES The Company's Chief Executive Officer and Chief Financial Officer have concluded that the Company's disclosure controls and procedures are effective based on their evaluation of such controls and procedures as of a date within 90 days prior to the filing of this report. There were no significant changes in internal controls or in other factors that significantly affect internal controls subsequent to the date of their most recent evaluation. BOWL AMERICA INCORPORATED AND SUBSIDIARIES S.E.C. FORM 10-Q March 31,December 29, 2002 PART II - OTHER INFORMATION Item 4 - Submission of Matters to a Vote of Security Holders At the annual meeting on December 3, 2002 the Class A shareholders approved the appointment of Director Warren T. Braham for a one year period to expire at the 2003 Annual Meeting. The votes were cast as follows: For 3,296,113 Withheld 15,907 At the annual meeting on December 3, 2002, the Class A shareholders approved the appointment of Director Allan L. Sher for a one year period to expire at the 2003 Annual Meeting. The votes were cast as follows: For 3,296,245 Withheld 15,775 At the annual meeting on December 3, 2002, the Class B shareholders approved the appointment of all Class B Directors as listed in the proxy statement for the December 3, 2002 meeting, for a one year period to expire at the 2003 Annual Meeting. The votes were cast as follows: For 14,698,840 Withheld 0 At the annual meeting on December 3, 2002, the Class A and Class B shareholders voted against a Shareholder Proposal presented as listed in the proxy statement for the December 3, 2002 meeting. The votes were cast as follows: For 199,507 Against 17,255,308 Abstaining 10,325 Item 6 - Exhibits and Reports on Form 8-K (a) Exhibits None10(A) Employment Contract 10(B) Employment Contract 99.1 Written statement of Chief Executive Officer 99.2 Written statement of Chief Financial Officer (b) Reports on Form 8-K None SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BOWL AMERICA INCORPORATED Registrant May 14, 2002February 12, 2003 Leslie H. Goldberg Date President February 12, 2003 Cheryl A. Dragoo Date Controller CERTIFICATIONS I, Leslie H. Goldberg, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Bowl America Incorporated; 2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; 3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchanges Act Rules 13a-14 and 15d-14) for the registrant and have: a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsid- iaries is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared; b) evaluated the effectivness of the registrant's disclosure controls and procedures as of a date with 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and 6. The registrant's other certifyig officer and I have indicated in this quarterly report whether there were significant changes in the internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Date: February 12, 2003 Leslie H. Goldberg Chief Executive Officer CERTIFICATIONS I, Cheryl A. Dragoo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Bowl America Incorporated; 2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; 3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchanges Act Rules 13a-14 and 15d-14) for the registrant and have: a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsid- iaries is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared; b) evaluated the effectivness of the registrant's disclosure controls and procedures as of a date with 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and 6. The registrant's other certifyig officer and I have indicated in this quarterly report whether there were significant changes in the internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Date: February 12, 2003 Cheryl A. Dragoo Chief Financial Officer EXHIBIT 10(A) EMPLOYMENT CONTRACT THIS AGREEMENT is dated as of the 31st day of December, 2002, by and between BOWL AMERICA INCORPORATED, hereinafter called "Corporation", and Irvin Clark, hereinafter called "Clark", WITNESSETH: WHEREAS the parties desire to enter into an Employment Contract to go into effect on January 1, 2003; NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter contained, the parties hereby agree as follows: 1. Corporation hereby employs Clark, and Clark hereby agrees to work for Corporation for the year commencing January 1, 2003, and expiring on December 31, 2003. 2. Clark shall serve as General Manager of the Corporation, performing the functions and duties normally performed by a General Manager. 3. Clark shall devote his full time and attention to the affairs of the Corporation. 4. Clark shall be entitled by way of remuneration for his services the sum of $150,000 per year to be paid in bi-weekly installments. 5. This Agreement is purely personal with Irvin Clark and in the event of his death or total disability during the contract period, this agreement shall terminate and the obligations of the Corporation to make any payments shall cease. BOWL AMERICA INCORPORATED By: Leslie H. Goldberg, President May 14,ATTEST: Michael T. Dick Assistant Secretary Irvin Clark EXHIBIT 10(B) EMPLOYMENT CONTRACT THIS AGREEMENT is dated as of the 31st day of December, 2002, by and between BOWL AMERICA INCORPORATED, hereinafter called "Corporation", and Cheryl A. Dragoo, Datehereinafter called "Dragoo", WITNESSETH: WHEREAS the parties desire to enter into an Employment Contract to go into effect on January 1, 2003; NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter contained, the parties hereby agree as follows: 1. Corporation hereby employs Dragoo, and Dragoo hereby agrees to work for Corporation for a term of two years commencing January 1, 2003, and expiring on December 31, 2004; 2. Dragoo shall serve as Comptroller, Chief Financial Officer and Assistant Treasurer of the Corporation, performing the functions and duties normally performed by a Comptroller, Chief Financial Officer and Assistant Treasurer. 3. Dragoo shall devote her full time and attention to the affairs of the Corporation. 4. Dragoo shall be entitled by way of remuneration for her services the sum of $110,000 per year during 2003 and $120,000 per year during 2004, to be paid in bi-weekly installments. 5. This Agreement is purely personal with Cheryl A. Dragoo and in the event of her death or total disability during the contract period, this agreement shall terminate and the obligations of the Corporation to make any payments shall cease. BOWL AMERICA INCORPORATED By: Leslie H. Goldberg, President ATTEST: Michael T. Dick Assistant Secretary Cheryl A. Dragoo EXHIBIT 99.1 Written Statement of the Chief Executive Officer Pursuant to 18 U.S.C. 1350 Solely for the purposes of complying with 18 U.S.C. 1350, I, the undersigned President of Bowl America Incorporated (the "Company"), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended December 29, 2002 (the "Report") fully complies with the requirements of Section 13(a) of the Securities Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Leslie H. Goldberg February 12, 2003 EXHIBIT 99.2 Written Statement of the Chief Financial Officer Pursuant to 18 U.S.C. 1350 Solely for the purposes of complying with 18 U.S.C. 1350, I, the undersigned Assistant Treasurer and Controller -8-of Bowl America Incorporated (the "Company"), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended December 29, 2002, (the "Report") fully complies with the requirements of Section 13(a) of the Securities Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Cheryl A. Dragoo February 12, 2003