MCSHOA SUMMARY
RESULTS FOR APRIL 1, 2003 - APRIL 30, 2003
CHECKING ACCOUNT				4/30/2003		YTD
BEGINNING BAL, CHECKING				$  28,612.93		$  25,804.52
EXPENSES
	Lighting, Repairs/Electricity (2 months)			0.00		18.10
	Insurance			0.00		0.00
	Commons Maint. (mailbox paint, primer, trail sign)			0.00		673.21
	Misc. Expense			0.00		0.00
	Office Expense (2 months minutes, annual meeting ballots)			0.00		282.89
	Transfer to CARF			(10,289.00)		0.00
	Annual Meeting/Events (space for annual meeting)			0.00		44.50
	Fees, Dues (CAI membership)			0.00		275.00
	Taxes ($81 IRS, $22 VA)			0.00		103.00
	Tree Rebate			0.00		0.00
	Tree Removal			0.00		0.00
TOTAL EXPENSES				(10,289.00)		1,396.70
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			0.00		14,373.00
	Dividends			6.68		27.79
	Disclosure Packets			0.00		100.00
TOTAL INCOME				6.68		14,500.79
NET CHANGE				10,295.68		13,104.09
ENDING BAL., CHECKING				$  38,908.61		$  38,908.61
COMMON AREA RESERVE FUND ("CARF")				4/30/2003		YTD
BEGINNING BAL., CARF				$  19,836.39		$    9,529.96
ACTIVITY
	Dividends			3.34		20.77
	Transfer from CARF			(10,289.00)		0.00
NET CHANGE				(10,285.66)		20.77
ENDING BAL., CARF				$    9,550.73		$    9,550.73
TOTAL FUNDS				$  48,459.34		$  48,459.34