MCSHOA SUMMARY
RESULTS FOR JANUARY 1, 2004 - JANUARY 31, 2004
CHECKING ACCOUNT				1/31/2004		YTD
BEGINNING BAL, CHECKING				$  30,229.38		$  30,229.38
EXPENSES
	Lighting, Repairs/Electricity			6.69		6.69
	Insurance			0.00		0.00
	Commons Maint.			2,850.00		2,850.00
	Misc. Expense			0.00		0.00
	Office Expense			0.00		0.00
	Transfer to CARF			0.00		0.00
	Annual Meeting/Events			0.00		0.00
	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				2,856.69		2,856.69
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			78.00		78.00
	Dividends			0.00		0.00
	Disclosure Packets			50.00		50.00
TOTAL INCOME				128.00		128.00
NET CHANGE				(2,728.69)		(2,728.69)
ENDING BAL., CHECKING				$  27,500.69		$  27,500.69
COMMON AREA RESERVE FUND ("CARF")				12/31/2004		YTD
BEGINNING BAL., CARF				$    9,569.64		$    9,569.64
ACTIVITY
	Dividends			0.00		0.00
	Transfer from CARF			0.00		0.00
NET CHANGE				0.00		0.00
ENDING BAL., CARF				$    9,569.64		$    9,569.64
TOTAL FUNDS				$  37,070.33		$  37,070.33