MCSHOA SUMMARY
RESULTS FOR JANUARY 1, 2003 - JANUARY 31, 2003
CHECKING ACCOUNT				1/31/2003		YTD
BEGINNING BAL, CHECKING				$  25,804.52		$  25,804.52
EXPENSES
	Lighting, Repairs/Electricity ()			0.00		0.00
	Insurance			0.00		0.00
	Commons Maint.			550.00		550.00
	Misc. Expense			0.00		0.00
	Office Expense (stamps for dues)			81.40		81.40
	Transfer to CARF			10,289.00		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				10,920.40		10,920.40
INCOME
	Transfer from CARF			0.00		0.00
	Dues -			10,239.00		10,239.00
	Dividends			7.83		7.83
	Disclosure Packets			50.00		50.00
TOTAL INCOME				10,296.83		10,296.83
NET CHANGE				(623.57)		(623.57)
ENDING BAL., CHECKING				$  25,180.95		$  25,180.95
COMMON AREA RESERVE FUND ("CARF")				1/31/2003		YTD
BEGINNING BAL., CARF				$    9,529.96		$    9,529.96
ACTIVITY
	Dividends			4.53		4.53
	Transfer from CARF			10,289.00		10,289.00
NET CHANGE				10,293.53		10,293.53
ENDING BAL., CARF				$  19,823.49		$  19,823.49
											Double-check
											ERROR