1. 1 Annual Meeting January 23, 2012

2. Agenda Introduction of Current Board members Announcements by Officers and Committees Review of 2011 Financials and 2012 Projections Election of Officer Other association business Goals for 2012 Adjournment

3. Board Members 2011 NameResponsibility Melanie ReyesMelanie ReyesPresident Melanie Reyes Jim GerlandJim Gerland Vice President Jim Gerland Cathi WiseCathi WiseSecretary Cathi Wise Deborah ChaneyDeborah Chaney At Large Deborah Chaney Bruce HanksBruce HanksAt Large Bruce Hanks

4. Committee Chairs 2011 NameResponsibility Tracy WamsleyTracy WamsleyDeed Restrictions Tracy Wamsley Darryl VossDarryl VossArchitectural Committee Darryl Voss Architectural Committee Darryl Voss Lisa NorwoodLisa NorwoodMaintenance Committee Lisa Norwood Pat GarnerPat GarnerFinance Pat Garner Bill ColeBill ColePool Management Bill Cole Amy EftingAmy EftingWeb Master Amy Efting

5. Announcements & Reports Presidential overview Committee Reports Garage Sale/ Recreation Garage Sale/ Recreation Pool Usage Pool Usage Maintenance Maintenance Architectural Control Architectural Control Deed Restriction Deed Restriction

6. Garage Sale/Recreation Yard of the Month April through August Winner received Home Depot Gift Card Winner received Home Depot Gift Card April 2011 - 1406 Cambridge April 2011 - 1406 Cambridge May 2011 - 1205 Buttonwood May 2011 - 1205 Buttonwood June 2011 - 1117 Castlewood June 2011 - 1117 Castlewood July 2011 - 1414 Bayou Oak July 2011 - 1414 Bayou Oak August 2011 - 1303 Blueberry August 2011 - 1303 Blueberry October 1, 2011 annual garage sale 67 participants (versus 58 in 2011) 67 participants (versus 58 in 2011) Pool open May through September Fri/Sat/Sun busiest days Fri/Sat/Sun busiest days

7. Pool Usage No. of people DayMostLeastAverageper hour Saturday1404580-8525-30 Sunday1353575-8020-25 Tuesday1303070-7520-25 Wednesday1303570-7520-25 Thursday1102570-7520-25 Friday1303570-7525-30

8. 8 8 Maintenance General Seasonal flowers & mulching of entrances & medians (semi-annually) Seasonal flowers & mulching of entrances & medians (semi-annually) Flag replacement (every six months) Flag replacement (every six months) Landscape contract review July Landscape contract review July Belt swing and chain replacements Belt swing and chain replacements Removal of monkey bars on play set Removal of monkey bars on play set Minor tree removal & replacement Minor tree removal & replacement Order new pool keys (annually) Order new pool keys (annually)Pool Contract review March Contract review March Pool resurfacing and compliance updates Pool resurfacing and compliance updates Report street light outages to TNP at (888) 866-7456 Seeking new Maintenance Co-ordinator(s) for 2013

9. Castlewood Park Project Initial plan executed. Scout received Gold Award Volunteers removed existing equipment Volunteers removed existing equipment Granite walk path installed by Lee’s Landscaping & volunteers Granite walk path installed by Lee’s Landscaping & volunteers Plan is modeled after original HOA proposal Scope is modified and scaled down Next phase to include fitness equipment, accessible play structure & fall zone. Seeking community project manager Solicit scout seeking Gold/Eagle project FISD landscaping on joint property, HOA share cost Sign up to volunteer at www.wthoa.org

10. Applewood Park/Pool Play structure replacement Additional sand for fall zone Pool fencing repairs Parking lot chain gate/signage Ceiling fan replacement Picnic tables/pool furniture/benches

11. 11 Architectural Control Computer review and approval process 10 requests submitted 10 requests approved Breakdown by type of request New Roof (1), Backyard Sheds (2) New Roof (1), Backyard Sheds (2) Iron Driveway Gate (1), Detached Garage (1) Iron Driveway Gate (1), Detached Garage (1) Second Story Addition (1), Room Addition (1) Second Story Addition (1), Room Addition (1) Backyard Patio (1), Wood to Steel Fence Replacement (1), House Paint and Trim Replacement (1) Backyard Patio (1), Wood to Steel Fence Replacement (1), House Paint and Trim Replacement (1) The ACC recommends use of Angie’s List when selecting a contractor

12. 12 Deed Restriction 66 Violation Notices Sent 1. Vehicles Cars, Boats, RV’s, Trailers stored in drive/grass 2. General Appearance Peeling paint, window trim, mowing, edging, weeds 3. Trash should be placed at the curb no earlier than the night before trash pickup 1. This includes yard/green waste and recycle bins

13. 13 Financial Review ASSETSDec 31, 11 Current Assets Checking/Savings 101 · Comerica Bank67,600.12 102 · Comerica Bank - Reserve Fund25,000.00 Total Checking/Savings92,600.12 Accounts Receivable 1200 · Accounts Receivable122,394.90 Total Accounts Receivable122,394.90 Other Current Assets 1201 · Accounts Receivable - Past Due41,429.34 1499 · Undeposited Funds225.54 Total Other Current Assets41,654.88 Total Current Assets256,649.90 TOTAL ASSETS256,649.90 LIABILITIES & EQUITY Equity 250 · Homeowners' Equity256,649.90 Total Equity256,649.90 TOTAL LIABILITIES & EQUITY256,649.90

14. 14 Financial Review IncomeJan - Dec 11 300 · Dues116,693.10 305 · Interest1,680.79 310 · Less Refunds & Adjustments-0.50 Total Income118,373.39 Expense 500 · Accounting5,200.00 508 · Contract Services450.00 510 · Insurance6,218.55 520 · Lawn Service20,320.57 530 · Deed Restriction2,345.22 535 · Miscellaneous446.45 540 · Office Supplies642.43 545 · Postage860.00 550 · Pool Contract27,972.11 560 · Pool Repair & Maintenance27,239.00 565 · Repairs - General2,762.73 566 · Castlewood Project1,500.00 567 · Applewood Projects1,099.95 570 · Taxes - Property & Other48.12 575 · Telephone1,479.85 580 · Utilities - Electric11,786.47 580.50 · Utilities - Water4,634.30 581 · Website83.88 585 · Recreation Committee100.00 Total Expense115,189.63 Net Income3,183.76

15. 15 Financial Review IncomeJan - Dec 11Jan - Dec 10$ Change% Change 300 · Dues116,693.10115,036.691,656.411.44% 305 · Interest1,680.79312.941,367.85437.1% 310 · Less Refunds & Adjustments-0.50-14.5014.00-96.55% Total Income118,373.39115,335.133,038.262.63% Expense 500 · Accounting5,200.004,800.00400.008.33% 508 · Contract Services450.00130.00320.00246.15% 510 · Insurance6,218.556,459.04-240.49-3.72% 520 · Lawn Service20,320.5720,022.10298.471.49% 530 · Deed Restriction2,345.22240.162,105.06876.52% 535 · Miscellaneous446.45100.00346.45346.45% 540 · Office Supplies642.43441.73200.7045.44% 545 · Postage860.001,230.16-370.16-30.09% 550 · Pool Contract27,972.1129,401.85-1,429.74-4.86% 560 · Pool Repair & Maintenance27,239.00106.0427,132.9625,587.48% 565 · Repairs - General2,762.733,610.77-848.04-23.49% 566 · Castlewood Project1,500.000.001,500.00100.0% 567 · Applewood Projects1,099.950.001,099.95100.0% 570 · Taxes - Property & Other48.1227.4120.7175.56% 575 · Telephone1,479.851,830.81-350.96-19.17% 580 · Utilities - Electric11,786.4711,610.78175.691.51% 580.50 · Utilities - Water4,634.302,935.671,698.6357.86% 581 · Website83.880.0083.88100.0% 585 · Recreation Committee100.00175.00-75.00-42.86% Total Expense115,189.6383,121.5232,068.1138.58% Net Income3,183.7632,213.61-29,029.85-90.12%

16. 16 Election of Board Members One Board opening Nominee (2 year term)

17. 17 Other Business Newsletter editor Correction to January 2011 newsletter Correction to January 2011 newsletter Feb 25, 6:00PM Friendswood Animal Advocates Bets for Pets Casino Night Good Shepherd Episcopal Church www.friendswoodanimaladvocates.org Volunteer sign up Sign up to volunteer tonight or at www.wthoa.org Sign up to volunteer tonight or at www.wthoa.org

18. 18 Goals for 2012 Maintain neighborhood property appearance and home value Purchase and install new park equipment at Castlewood and/or Applewood parks Repair bathroom at Castlewood park Improve financial position of HOA by collecting delinquent dues