MCSHOA SUMMARY
RESULTS FOR MAY 1, 2002 - MAY 31, 2002
CHECKING ACCOUNT				5/31/2002		YTD
EXPENSES
	Lighting, Repairs/Electricity			$       103.71		$       131.12
	Insurance			$       949.00		$    1,681.00
	Commons Maint.			$       750.00		$    1,125.00					4/10 & 4/24  cutting
	Misc. Expense			$               -		$         34.90
	Office Expense			$         97.44		$       348.68
	Transfer to Common Area Reserve Fund			$               -		$               -
	Annual Meeting/Events			$               -		$         90.15
	Fees, Dues			$               -		$       695.00
	Taxes			$               -		$       371.00
	Tree Rebate			$         10.00		$         30.00
	Tree Removal			$               -		$               -
TOTAL EXPENSES				$    1,910.15		$    4,506.85
INCOME
	Transfer from Common Area Reserve Fund			$               -		$               -
	Dues - 3			$       234.00		$  15,089.46
	Dividends			$         29.99		$       127.50
	Disclosure Packets - 6			$       150.00		$       325.00
TOTAL INCOME				$       413.99		$  15,541.96
CHECKING ACCOUNT SUMMARY
		05/01/02 Opening Bal.		$  35,691.73							Double-check
		05/31/02 Ending Bal.		$  34,195.57							no problem
COMMON AREA RESERVE FUND SUMMARY
		05/01/02 Opening Bal.		$    9,897.90
		Plus Dividends		$           9.04
		Transfer from (to) Checking		$               -
		05/31/02 Ending Bal.		$    9,906.94