MCSHOA SUMMARY
RESULTS FOR FEBRUARY 1, 2003 - FEBRUARY 28, 2003
CHECKING ACCOUNT				2/28/2003		YTD
BEGINNING BAL, CHECKING				$  25,180.95		$  25,804.52
EXPENSES
	Lighting, Repairs/Electricity ()			0.00		0.00
	Insurance			0.00		0.00
	Commons Maint.			0.00		550.00
	Misc. Expense			0.00		0.00
	Office Expense (stamps for dues)			0.00		81.40
	Transfer to CARF			0.00		10,289.00
	Annual Meeting/Events			0.00		0.00
	Fees, Dues			0.00		0.00
	Taxes			0.00		0.00
	Tree Rebate			0.00		0.00
	Tree Removal			0.00		0.00
TOTAL EXPENSES				0.00		10,920.40
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			0.00		10,239.00
	Dividends			6.24		14.07
	Disclosure Packets			0.00		50.00
TOTAL INCOME				6.24		10,303.07
NET CHANGE				6.24		(617.33)
ENDING BAL., CHECKING				$  25,187.19		$  25,187.19
COMMON AREA RESERVE FUND ("CARF")				2/28/2003		YTD
BEGINNING BAL., CARF				$  19,823.49		$    9,529.96
ACTIVITY
	Dividends			6.88		11.41
	Transfer from CARF			0.00		10,289.00
NET CHANGE				6.88		10,300.41
ENDING BAL., CARF				$  19,830.37		$  19,830.37