MCSHOA
2003 BUDGET
				BUD - YTD		ACT - YTD		BUD - YTD		ACT - YTD
				12/31/2003		#######		#######		#######
EXPENSES
	Lighting, Repairs/Electricity			400.00		374.26		$    100		388.37
	Insurance			1,000.00		#######		1,800		#######
	Commons Maint.			9,300.00		#######		9,000		#######
	Misc. Expense			200.00		51.36		200		559.02
	Office Expense			1,500.00		#######		750		423.12
	Annual Meeting/Events			500.00		172.43		500		179.50
	Fees, Dues			825.00		745.00		1,350		616.00
	Taxes			400.00		371.00		400		518.00
	Tree Rebate			0.00		30.00		0		0.00
	Tree Removal			1,000.00		95.00		1,500		510.00
TOTAL EXPENSES				15,125.00		#######		#######		#######
INCOME
	Misc. Inc.			0.00		0.00		0.00		566.36
	Dues			16,074.00		#######		15,708		#######
	Dividends			400.00		282.20		400		857.43
	Disclosure Packets			500.00		550.00		500		500.00
TOTAL INCOME				16,974.00		#######		#######		#######
NET CHANGE				1,849.00		#######		#######		#######
Insurance:  $732 paid in 2002, remainder increased by 5%
Commons Maintenance:  16 cuttings @ $425, 2 fire road cuttings @ $100, front entrance
	work $500, seeding/fertilizer $600,  misc. $235, new dogipot $575, dogipot supplies $140
	$140, and pond trail-related expenses of $250.
Office Expense:  increased from 2002 levels by $250 for additional copying surveys, etc.
Annual Meeting/Events:  maintained at 2002 budgeted level for additional social activities.
Tree Removal:  Lowered the 2002 budgeted amount by $500
Dues:  205 lots at $78, 7 lots at $12.