MCSHOA SUMMARY
RESULTS FOR FEBRUARY 1, 2004 - FEBRUARY 28, 2004
CHECKING ACCOUNT				2/28/2004		YTD
BEGINNING BAL, CHECKING				$  27,500.69		$  30,229.38
EXPENSES
	Lighting, Repairs/Electricity (1 month)			8.97		15.66
	Insurance (General & Umbrella)			732.00		732.00
	Commons Maint. (dogipot bags + fire road repairs)			2,761.50		5,611.50
	Misc. Expense			0.00		0.00
	Office Expense (stamps for dues notices, copies, etc.)			135.07		135.07
	Transfer to CARF			0.00		0.00
	Annual Meeting/Events (March space rental)			24.00		24.00
	Fees, Dues			0.00		0.00
	Taxes			0.00		0.00
	Tree Rebate			0.00		0.00
	Tree Removal			0.00		0.00
TOTAL EXPENSES				3,661.54		6,518.23
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			13,920.00		13,998.00
	Dividends			5.21		5.21
	Disclosure Packets			50.00		100.00
TOTAL INCOME				13,975.21		14,103.21
NET CHANGE				10,313.67		7,584.98
ENDING BAL., CHECKING				$  37,814.36		$  37,814.36
COMMON AREA RESERVE FUND ("CARF")				2/28/2004		YTD
BEGINNING BAL., CARF				$    9,569.64		$    9,569.64
ACTIVITY
	Dividends			2.46		2.46
	Transfer from CARF			0.00		0.00
NET CHANGE				2.46		2.46
ENDING BAL., CARF				$    9,572.10		$    9,572.10