MCSHOA SUMMARY
RESULTS FOR JUNE 1, 2003 - JUNE 30, 2003
CHECKING ACCOUNT				6/30/2003		YTD
BEGINNING BAL, CHECKING				$  35,870.38		$  25,804.52
EXPENSES
	Lighting, Repairs/Electricity (pd in July)			0.00		30.03
	Insurance			0.00		949.00
	Commons Maint. (2 cuttings)			890.00		2,165.78
	Misc. Expense					0.00
	Office Expense			0.00		367.62
	Transfer to CARF					0.00
	Annual Meeting/Events			0.00		44.50
	Fees, Dues			0.00		275.00
	Taxes			0.00		103.00
	Tree Rebate					0.00
	Tree Removal			0.00		1,390.00
TOTAL EXPENSES				890.00		5,324.93
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			468.00		14,841.00
	Dividends			15.54		43.33
	Disclosure Packets			150.00		250.00
TOTAL INCOME				633.54		15,134.33
NET CHANGE				(256.46)		9,809.40
ENDING BAL., CHECKING				$  35,613.92		$  35,613.92
COMMON AREA RESERVE FUND ("CARF")				6/30/2003		YTD
BEGINNING BAL., CARF				$    9,550.73		$    9,529.96
ACTIVITY
	Dividends			6.05		26.82
	Transfer from CARF			0.00		0.00
NET CHANGE				6.05		26.82
ENDING BAL., CARF				$    9,556.78		$    9,556.78
TOTAL FUNDS				$  45,170.70		$  45,170.70