MCSHOA SUMMARY


RESULTS FOR NOVEMBER 1, 2003 - NOVEMBER 30, 2003
























CHECKING ACCOUNT


11/30/03
YTD














BEGINNING BAL, CHECKING


$31,653.43
$25,804.52














EXPENSES










Lighting, Repairs/Electricity (2 months)

6.03
65.32




Insurance

0.00
949.00




Commons Maint. (July & Aug. cuttings, dogipot bags)

445.00
7,301.48




Office Expense

0.00
652.24




Annual Meeting/Events

0.00
129.88




Fees, Dues (Annual registration w/ state)

0.00
300.00




Taxes

0.00
103.00




Tree Removal

0.00
1,390.00



TOTAL EXPENSES


451.03
10,890.92













INCOME










Dues -

0.00
15,842.00




Dividends

0.00
96.80




Disclosure Packets

0.00
350.00



TOTAL INCOME


0.00
16,288.80














NET CHANGE


-451.03
5,397.88













ENDING BAL., CHECKING


$31,202.40
$31,202.40














COMMON AREA RESERVE FUND ("CARF")


11/30/03
YTD














BEGINNING BAL., CARF


$9,564.89
$9,529.96














ACTIVITY










Dividends

0.00
34.93



NET CHANGE


0.00
34.93













ENDING BAL., CARF


$9,564.89
$9,564.89














TOTAL FUNDS


$40,767.29
$40,767.29