MCSHOA SUMMARY
RESULTS FOR MARCH 1, 2004 - MARCH 31, 2004
DRAFT - HAVE NOT RECEIVED BANK STATEMENT
CHECKING ACCOUNT				3/31/2004		YTD
BEGINNING BAL, CHECKING				$  37,814.36		$  30,229.38
EXPENSES
	Lighting, Repairs/Electricity			6.06		21.72
	Insurance			0.00		732.00
	Commons Maint. (mailbox painting)			40.97		5,652.47
	Misc. Expense			0.00		0.00
	Office Expense (office copies and ballots)			116.44		251.51
	Transfer to CARF			0.00		0.00
	Annual Meeting/Events			0.00		24.00
	Fees, Dues  (covenant review)			120.00		120.00
	Taxes ($14 IRS, $9 VA)			23.00		23.00
	Tree Rebate			0.00		0.00
	Tree Removal			0.00		0.00
TOTAL EXPENSES				306.47		6,824.70
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			0.00		13,998.00
	Dividends			12.15		17.36
	Disclosure Packets			0.00		100.00
TOTAL INCOME				12.15		14,115.36
NET CHANGE				(294.32)		7,290.66
ENDING BAL., CHECKING				$  37,520.04		$  37,520.04
COMMON AREA RESERVE FUND ("CARF")				3/31/2004		YTD
BEGINNING BAL., CARF				$    9,572.10		$    9,569.64
ACTIVITY
	Dividends			4.68		7.14
	Transfer from CARF			0.00		0.00
NET CHANGE				4.68		7.14
ENDING BAL., CARF				$    9,576.78		$    9,576.78