MCSHOA SUMMARY
RESULTS FOR AUGUST 1, 2003 - AUGUST 31, 2003
CHECKING ACCOUNT				8/31/2003		YTD
BEGINNING BAL, CHECKING				$  34,426.00		$  25,804.52
EXPENSES
	Lighting, Repairs/Electricity			5.75		47.28
	Insurance			0.00		949.00
	Commons Maint. (July & Aug. cuttings, dogipot bags)			1,831.63		5,311.48
	Misc. Expense					0.00
	Office Expense			106.53		474.15
	Transfer to CARF					0.00
	Annual Meeting/Events			0.00		44.50
	Fees, Dues			0.00		300.00
	Taxes			0.00		103.00
	Tree Rebate					0.00
	Tree Removal			0.00		1,390.00
TOTAL EXPENSES				1,943.91		8,619.41
INCOME
	Transfer from CARF			0.00		0.00
	Dues			689.00		15,686.00
	Dividends			25.40		75.38
	Disclosure Packets			75.00		325.00
TOTAL INCOME				789.40		16,086.38
NET CHANGE				(1,154.51)		7,466.97
ENDING BAL., CHECKING				$  33,271.49		$  33,271.49
COMMON AREA RESERVE FUND ("CARF")				8/31/2003		YTD
BEGINNING BAL., CARF				$    9,558.45		$    9,529.96
ACTIVITY
	Dividends			0.00		28.49
	Transfer from CARF			0.00		0.00
NET CHANGE				0.00		28.49
ENDING BAL., CARF				$    9,558.45		$    9,558.45
TOTAL FUNDS				$  42,829.94		$  42,829.94