MCSHOA SUMMARY
RESULTS FOR MARCH 1, 2002 - MARCH 31, 2002 & 2002 BUDGET
								2002 12-mo.
CHECKING ACCOUNT				3/31/2002		YTD		BUDGET
EXPENDITURES
	Lighting, Repairs/Electricity			$           8.55		$         27.41		$            100
	Insurance			0.00		732.00		1,800
	Commons Maint.			0.00		375.00		9,000	(a)
	Misc. Expense			0.00		34.90		200
	Office Expense			0.00		251.24		750
	Transfer to Common Area Reserve Fund			0.00		0.00		2,000
	Annual Meeting/Events			65.15		90.15		500
	Fees, Dues - Legal $368			368.00		695.00		1,350
	Taxes			0.00		371.00		400
	Tree Rebate			20.00		20.00		0
	Tree Removal			0.00		0.00		1,500
TOTAL EXPENDITURES				$       461.70		$    2,596.70		$       17,600
REVENUES
	Transfer from Common Area Reserve Fund			$               -		$               -		$         1,500	(a)
	Dues			2,994.78		14,382.78		15,708
	Dividends			28.06		70.75		400
	Disclosure Packets			100.00		100.00		500
TOTAL REVENUES				$    3,122.84		$  14,553.53		$       18,108
CHECKING ACCOUNT SUMMARY
		03/01/02 Opening Bal.		$  32,456.15							Double-check
		03/31/02 Ending Bal.		$  35,117.29							no problem
COMMON AREA RESERVE FUND SUMMARY
		03/01/02 Opening Bal.		$    9,880.70
		Plus Dividends		8.64
		Transfer from (to) Checking		0.00
		03/31/02 Ending Bal.		$    9,889.34
(a)  $1,500 has been budgeted for the maintenance of the pond.  Funds will be disbursed from the
	Common Area Reserve Fund.