MCSHOA SUMMARY
RESULTS FOR JULY 1, 2002 - JULY 31, 2002
CHECKING ACCOUNT				7/31/2002		YTD
EXPENSES
	Lighting, Repairs/Electricity			$         18.07		$       158.27
	Insurance			$               -		$    1,681.00
	Commons Maint.(2 cuttings, pond spraying, sign repair)			$    1,757.00		$    5,287.40					6/5 &6/18  cutting
	Misc. Expense - Paint			$         16.46		$         51.36
	Office Expense			$       246.68		$       658.06
	Transfer to (from) Common Area Reserve Fund			$               -		$               -
	Annual Meeting/Events			$               -		$         90.15
	Fees, Dues			$         25.00		$       720.00
	Taxes			$               -		$       371.00
	Tree Rebate			$               -		$         30.00
	Tree Removal			$         95.00		$         95.00
TOTAL EXPENSES				$    2,158.21		$    9,142.24
INCOME
	Transfer from Common Area Reserve Fund			$       767.00		$    2,422.40
	Dues			$       279.50		$  15,602.96
	Dividends			$         35.86		$       195.60
	Disclosure Packets -2			$         50.00		$       375.00
TOTAL INCOME				$    1,132.36		$  18,595.96
CHECKING ACCOUNT SUMMARY
		07/01/02 Opening Bal.		$  33,640.03							Double-check
		07/31/02 Ending Bal.		$  32,614.18							no problem
COMMON AREA RESERVE FUND SUMMARY
		07/01/02 Opening Bal.		$    8,259.62
		Plus Dividends		$           7.55
		Transfer from (to) Checking		$      (767.00)
		07/31/02 Ending Bal.		$    7,500.17