MCSHOA SUMMARY
RESULTS FOR OCTOBER 1, 2003 - OCTOBER 31, 2003
CHECKING ACCOUNT				10/31/2003		YTD
BEGINNING BAL, CHECKING				$  33,181.78		$  25,804.52
EXPENSES
	Lighting, Repairs/Electricity (2 months)			12.01		59.29
	Insurance			0.00		949.00
	Commons Maint. (3 cuttings)			1,545.00		6,856.48
	Misc. Expense					0.00
	Office Expense (copies, post office box)			88.38		652.24
	Transfer to CARF					0.00
	Annual Meeting/Events  (National Night Out / Yard Sales)			85.38		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				1,730.77		10,439.89
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			156.00		15,842.00	#
	Dividends			21.42		96.80	#
	Disclosure Packets			25.00		350.00	#
TOTAL INCOME				202.42		16,288.80
NET CHANGE				(1,528.35)		5,848.91
ENDING BAL., CHECKING				$  31,653.43		$  31,653.43
COMMON AREA RESERVE FUND ("CARF")				10/31/2003		YTD
BEGINNING BAL., CARF				$    9,558.45		$    9,529.96
ACTIVITY
	Dividends			6.44		34.93
	Transfer from CARF			0.00		0.00
NET CHANGE				6.44		34.93
ENDING BAL., CARF				$    9,564.89		$    9,564.89
TOTAL FUNDS				$  41,218.32		$  41,218.32
						5,883.84