MCSHOA SUMMARY
RESULTS FOR DECEMBER 1, 2001 - DECEMBER 31, 2001
CHECKING ACCOUNT				12/31/2001		YTD
EXPENSES
	Lighting, Repairs/Electricity			$           9.14		$       388.37
	Insurance			$               -		$    1,469.00
	Commons Maint.			$    1,435.00		$    6,785.00
	Misc. Expense - Paint			$               -		$       559.02
	Office Expense - Stamps, copies, supplies			$               -		$       423.12
	Transfer to Common Area Reserve Fund			$               -		$    3,000.00
	Annual Meeting/Events - Room Rental			$               -		$       179.50
	Fees, Dues			$               -		$       616.00
	Taxes - Fed $309, State $62			$               -		$       518.00
	Tree Rebate			$               -		$               -
	Tree Removal			$               -		$       510.00
TOTAL EXPENSES				$    1,444.14		$  14,448.01
INCOME
	Transfer from Common Area Reserve Fund			$               -		$       400.00
	Misc. Income			$               -		$       566.36
	Dues -			$               -		$  16,000.76
	Dividends			$         22.63		$       857.43
	Disclosure Packets			$         25.00		$       500.00
TOTAL INCOME				$         47.63		$  18,324.55
CHECKING ACCOUNT SUMMARY
		12/01/01 Opening Bal.		$  24,556.97		$  19,283.92					Double-check
		12/31/01 Ending Bal.		$  23,160.46		$  23,160.46					ERROR
				$  23,160.46		$  23,160.46
				$                       -		$                       -
COMMON AREA RESERVE FUND SUMMARY
		12/01/01 Opening Bal.		$    9,873.02
		Plus Dividends		$           7.68
		Transfer from (to) Checking		$               -
		12/31/01 Ending Bal.		$    9,880.70