MCSHOA SUMMARY
RESULTS FOR SEPTEMBER 1, 2002 - SEPTEMBER 30, 2002
CHECKING ACCOUNT				9/30/2002		YTD
EXPENSES
	Lighting, Repairs/Electricity			$           2.82		$       168.03
	Insurance			$               -		$    1,681.00
	Commons Maint. (8/7 & 8/20 cuttings)			$       750.00		$    6,787.40
	Misc. Expense			$               -		$         51.36
	Office Expense (copies)			$         33.70		$       794.46
	Transfer to (from) Common Area Reserve Fund			$               -		$               -
	Annual Meeting/Events			$               -		$         98.51
	Fees, Dues			$               -		$       745.00
	Taxes			$               -		$       371.00
	Tree Rebate			$               -		$         30.00
	Tree Removal			$               -		$         95.00
TOTAL EXPENSES				$       786.52		$  10,821.76
INCOME
	Transfer from Common Area Reserve Fund			$               -		$    2,422.40
	Dues -			$               -		$  15,602.96
	Dividends			$         18.87		$       235.09
	Disclosure Packets			$               -		$       375.00
TOTAL INCOME				$         18.87		$  18,635.45
															5250
CHECKING ACCOUNT SUMMARY															6230
		09/01/02 Opening Bal.		$  31,741.80							Double-check
		09/30/02 Ending Bal.		$  30,974.15							no problem				980
COMMON AREA RESERVE FUND SUMMARY
		09/01/02 Opening Bal.		$    7,506.84
		Plus Dividends		$           5.94
		Transfer from (to) Checking		$               -
		09/30/02 Ending Bal.		$    7,512.78