MCSHOA SUMMARY
RESULTS FOR AUGUST 1, 2002 - AUGUST 31, 2002
CHECKING ACCOUNT				8/31/2002		YTD
EXPENSES
	Lighting, Repairs/Electricity			$           6.94		$       165.21
	Insurance			$               -		$    1,681.00
	Commons Maint. (7/2 & 7/23 cuttings)			$       750.00		$    6,037.40
	Misc. Expense			$               -		$         51.36
	Office Expense (copies, post office box)			$       102.70		$       760.76
	Transfer to (from) Common Area Reserve Fund			$               -		$               -
	Annual Meeting/Events (National Night Out Flyers)			$           8.36		$         98.51
	Fees, Dues  (VA Registration Fee $25,			$         25.00		$       745.00
	Taxes			$               -		$       371.00
	Tree Rebate			$               -		$         30.00
	Tree Removal			$               -		$         95.00
TOTAL EXPENSES				$       893.00		$  10,035.24
INCOME
	Transfer from Common Area Reserve Fund			$               -		$    2,422.40
	Dues -					$  15,602.96
	Dividends			$         20.62		$       216.22
	Disclosure Packets			$               -		$       375.00
TOTAL INCOME				$         20.62		$  18,616.58
CHECKING ACCOUNT SUMMARY
		08/01/02 Opening Bal.		$  32,614.18							Double-check
		08/31/02 Ending Bal.		$  31,741.80							no problem
COMMON AREA RESERVE FUND SUMMARY
		08/01/02 Opening Bal.		$    7,500.17
		Plus Dividends		$           6.67
		Transfer from (to) Checking		$               -
		08/31/02 Ending Bal.		$    7,506.84