MCSHOA SUMMARY


RESULTS FOR AUGUST 1, 2003 - AUGUST 31, 2003
























CHECKING ACCOUNT


08/31/03
YTD














BEGINNING BAL, CHECKING


$34,426.00
$25,804.52














EXPENSES










Lighting, Repairs/Electricity

5.75
47.28




Insurance

0.00
949.00




Commons Maint. (July & Aug. cuttings, dogipot bags)

1,831.63
5,311.48




Office Expense

106.53
474.15




Annual Meeting/Events

0.00
44.50




Fees, Dues

0.00
300.00




Taxes

0.00
103.00




Tree Removal

0.00
1,390.00



TOTAL EXPENSES


1,943.91
8,619.41














INCOME










Dues

689.00
15,686.00




Dividends

25.40
75.38




Disclosure Packets

75.00
325.00



TOTAL INCOME


789.40
16,086.38














NET CHANGE


-1,154.51
7,466.97













ENDING BAL., CHECKING


$33,271.49
$33,271.49














COMMON AREA RESERVE FUND ("CARF")


08/31/03
YTD














BEGINNING BAL., CARF


$9,558.45
$9,529.96














ACTIVITY










Dividends

0.00
28.49



NET CHANGE


0.00
28.49













ENDING BAL., CARF


$9,558.45
$9,558.45














TOTAL FUNDS


$42,829.94
$42,829.94