January			2004		2003		2004		2003		2002		2001
		Actual			Budget		Budget		Actual		Actual		Actual		Actual
REVENUE
	Association Fees				$25,200		$25,200				$24,824		$20,831		$24,664
	Interest Income				$24		$0				$22		$23		$49
	Initial Capital Fee				$0		$0				$0		$0		$0
	Total Revenue				$25,224		$25,200		$0		$24,846		$20,854		$24,713
EXPENSES
	Printing and Other				$230		$240				$0		$296		$80
	Postage Other				$230		$240				$0		$242		$174
	Administrative Other				$220		$240				$784		$153		$359
	Accounting/Legal/Professional				$1,481		$1,616		$871		$1,362				$170
	Bank Fees				$850		$915		$477		$806		$915		$120
	Total Administrative				$3,011		$3,251		$1,348		$2,952		$1,606		$903
	Insurance				$843		$789		$843		$50		$2,453		$2,073
	Property Tax				$250		$250		$79		?		$448		$294
	Corporate Taxes				$350		$350				?		$0
	Total Insurance & Taxes				$1,443		$1,389		$922		$50		$2,901		$2,367
	Electric				$275		$300		$218		$242		$270		$175
	Trash Removal				$0		$0		$0		$0		$195		$435
	Total Utilities				$275		$300		$218		$242		$465		$610
	Maintenance-Discretionary				$0		$0				$2,479		$0		$0
	Mowing				$4,800		$4,575				$4,800		$6,032		$4,529
	Fertilizer and Weeds				$650		$1,350				$650		$0		$642
	Turf Program				$0		$0				$0		$750		$237
	Shrub & Tree Service				$1,300		$2,012		$1,183		$1,300		$1,588		$545
	Flowers				$650		$495				$650		$0		$347
	Landscaping				$2,200		$2,750				$2,192		$5,589		$2,175
	Other Ground Maint.				$2,200		$240		$9,574		$2,160		$825		$509
	Total Ground Maint				$11,800		$11,422		$10,756		$14,231		$14,784		$8,984
	Total Expenses				$16,529		$16,362		$13,246		$17,475		$19,756		$12,864
NET INCOME / (LOSS)					$8,695		$8,838		-$13,246		$7,371		$1,099		$11,849