MCSHOA SUMMARY
RESULTS FOR OCTOBER 1, 2002 - OCTOBER 31, 2002
CHECKING ACCOUNT				10/31/2002		YTD
EXPENSES
	Lighting, Repairs/Electricity			$         13.22		$       181.25
	Insurance			$               -		$    1,681.00
	Commons Maint.			$    1,241.50		$    8,028.90
	Misc. Expense			$               -		$         51.36
	Office Expense, Copies			$         43.11		$       837.57
	Transfer to (from) Common Area Reserve Fund			$               -		$               -
	Annual Meeting/Events (National Night Out Supplies)			$         73.92		$       172.43
	Fees, Dues			$               -		$       745.00
	Taxes			$               -		$       371.00
	Tree Rebate			$               -		$         30.00
	Tree Removal			$               -		$         95.00
TOTAL EXPENSES				$    1,371.75		$  12,193.51
INCOME
	Transfer from Common Area Reserve Fund			$               -		$    2,422.40
	Dues -			$         78.00		$  15,680.96
	Dividends			$         25.21		$       260.30
	Disclosure Packets			$         50.00		$       425.00
TOTAL INCOME				$       153.21		$  18,788.66
CHECKING ACCOUNT SUMMARY
		10/01/02 Opening Bal.		$  30,974.15							Double-check
		10/31/02 Ending Bal.		$  29,755.61							no problem
COMMON AREA RESERVE FUND SUMMARY
		10/01/02 Opening Bal.		$    7,512.78
		Plus Dividends		$           5.91
		Transfer from (to) Checking		$               -
		10/31/02 Ending Bal.		$    7,518.69