MCSHOA SUMMARY
RESULTS FOR DECEMBER 1, 2003 - DECEMBER 31, 2003
CHECKING ACCOUNT				12/31/2003		YTD
BEGINNING BAL, CHECKING				$  31,202.40		$  25,804.52
EXPENSES
	Lighting, Repairs/Electricity			6.69		72.01
	Insurance			0.00		949.00
	Commons Maint.			1,050.00		8,351.48
	Misc. Expense					0.00
	Office Expense			0.00		652.24
	Transfer to CARF					0.00
	Annual Meeting/Events			0.00		129.88
	Fees, Dues			0.00		300.00
	Taxes			0.00		103.00
	Tree Rebate					0.00
	Tree Removal			0.00		1,390.00
TOTAL EXPENSES				1,056.69		11,947.61
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			0.00		15,842.00
	Dividends			8.67		105.47
	Disclosure Packets			75.00		425.00
TOTAL INCOME				83.67		16,372.47
NET CHANGE				(973.02)		4,424.86
ENDING BAL., CHECKING				$  30,229.38		$  30,229.38
COMMON AREA RESERVE FUND ("CARF")				12/31/2003		YTD
BEGINNING BAL., CARF				$    9,564.89		$    9,529.96
ACTIVITY
	Dividends			4.75		39.68
	Transfer from CARF			0.00		0.00
NET CHANGE				4.75		39.68
ENDING BAL., CARF				$    9,569.64		$    9,569.64
TOTAL FUNDS				$  39,799.02		$  39,799.02