Catoctin Meadows Homeowners Association
                        CY 2002 Cash Flow Report Report
                            1/1/02 Through 12/31/02
7/8/03                                                                   Page 1

                                                         1/1/02-
                      Category Description              12/31/02

            INFLOWS

                Uncategorized                                   0.00
                Fundraising                                 1,385.00
                Interest Inc                                   60.24

            TOTAL INFLOWS                                   1,445.24

            OUTFLOWS

                Bank Charge                                    24.33
                Fundgiving                                  1,385.00
                Insurance
                    D&O Liability                             750.00
                    Land Liability                            282.00
                TOTAL Insurance                             1,032.00
                Law Costs                                      81.25
                License Costs                                  25.00
                Neighborhood Activities                       765.95
                Office Supplies                                40.75
                Postage                                        60.94

            TOTAL OUTFLOWS                                  3,415.22

            OVERALL TOTAL                                  -1,969.98