 Current Board Members  President – Cheryl Phillabaum  Vice President – Lauren Kaeppner  Treasurer – Jamie Banks  Secretary – Victoria Wall  Trustee – Elaine Su 2015 Annual Meeting

 2104 Annual budget results  2015 Budget  Loan Balance Treasury Update (Jamie)

2014 Actual 2014 Budget Over/Under Ending Operating Cash Balance from Prior Year: 42, Income: Dues Deposits ($400/lot) 229, , , Bad Debt Expense (5,000.00) 5, Violation/Other Income Interest Income Total Income From Dues: 230, , , Expenses: Accounting/Tax Return Community Activities/Megaphone (42.15) Computer Insurance 4, , Landscaping Contract 67, , (1,223.76) Irrigation Repair 2, Legal 4, , , Mailings/Newsletter/Postage/Checks 3, , (485.27) Annual Meeting Facility Rental/Police (110.00) Professional Organization (127.00) Post Office Box Management 5, , (100.00) Pond Maintenance 5, , (799.40) Pond Winterization 1, , (142.12) Property Tax 4, , Utilities 16, , (1,199.54) Improvements 24, , (5,109.28) Mowing Christmas lights 2, Repair fountain 4, , , Annual fountain maintenance 1, , West Chester Village - pool 11, Pool Income (11,800.00) - Capital Reserve Study - 3, (3,200.00) Loan Interest Payments 48, Loan Principal Only Payments 21, , , Total Expenses: 219, , (1,067.50) Total Income after Expenses: 10, , , Budget Results $1, Under budget $21,000 Extra Paid toward outstanding loan balance

2015 Actual 2015 Budget Over/Under Ending Operating Cash Balance from Prior Year: 42, Income: Dues Deposits ($400/lot) 226, , (2,019.43) Bad Debt Expense (5,000.00) 5, Violation/Other Income - - Interest Income (85.42) Total Income From Dues: 226, , , Expenses: Accounting/Tax Return Community Activities (276.01) Computer (175.00) Insurance 2, , (2,446.00) Landscaping Contract 28, , (41,039.01) Legal , (2,889.55) Mailings/Newsletter/Postage/Checks , (1,018.03) Annual Meeting Facility Rental/Police (200.00) Post Office Box (260.00) Management 2, , (2,800.00) Pond Maintenance 2, , (5,768.75) Fountain Winterization 1, , (1,079.15) Property Tax 2, , (2,127.58) Utilities 5, , (12,045.29) Improvements 8, , (19,445.00) Christmas lights 2, (2,400.00) Repair fountain 2, (2,000.00) Annual fountain maintenance (445.08) West Chester Village - pool pmt 8, West Chester Village - Pool Income (8,550.00) - Loan Interest Payments 20, , (28,000.00) Loan Principal Only Payments 23, , , Total Expenses: 98, , (121,414.45) Total Income after Expenses: 128, , , Budget To Date Currently on track Less than 1% of current year dues outstanding $10,800 uncollected dues in total ($3,200 from one household)

Loan Balance Villages of Providence Loan Beginning Balance of Loan: $367, Principal Only Payment (43,000.00) 2014 Principal Only Payment (21,000.00) 2015 Principal Only Payment (23,000.00) Monthly Loan Principal Payments (65,752.43) Ending Balance of Loan as of 4/30/15: $215, Paid off since inception42%

Beginning Balance of Loan: $ 367, Principal Only Payment (43,000.00) 2014 Principal Only Payment (21,000.00) 2015 Principal Only Payment (23,000.00) Monthly Loan Principal Payments (65,752.43) Ending Balance of Loan as of 4/30/15: $ 215, Paid off since inception42% Payments up to the Interest rate reset date 2016 Principal Only Payment (21,000.00) 2017 Principal Only Payment (21,000.00) Monthly at January's principal amount (75,400.00) (117,400.00) 97, Interest Doesn't Change at Reset Remainder 2017 monthly principal amount (26,100.00) 2018 Principal Only Payment (21,000.00) 2018 Monthly Principal amount (34,800.00) 2019 Principal Only Payment (21,000.00) 2019 Monthly Principal amount (6,771.09) Loan Paid off in early 2019 (12,055.37) Loan Payoff Schedule Scheduled to be paid off 1 st quarter of 2019 Current Interest 5% Interest May Reset March if Current Treasury Yield is over 2% (Interest adjustment = 3% + Current 5 Year treasury yield or 5% whichever is greater) Chart at right assumes no change in interest rate. Actual Loan Maturity March 23 rd 2022

 Bridge along path was repaired  Seeding around the pond Bar Harbor pond was done fall 2014  Seeding around the rest of the ponds will be completed this year  Updated Website(check for events, HOA docs, blog posts, ARC forms)  Signs around the ponds were replaced Improvements to VOP

 Fountains(out of warranty, and they are starting to have major repairs)  Pricing Replacements vs Repairing Current  Repair the path where we have damage  Assessing damage and collecting information to assemble bidding packet  Cut back the brush along path  Accepting Bids Future Needs

Green Space  Corner of Tylersville & Smith Rd  Approx. 5.5 Acres  Goal: Mitigate ongoing maintenance cost  Contacted OSU Master Gardeners, Butler Co. Parks, and Ohio Div. of Wildlife  Recommendation:  Collaborate with Butler Co. Trustees  Contact local Boy Scouts  Research Grants  Notify West Chester Village  Estimate Costs, if any  Present to Neighborhood for Next Steps 5.5 acres

 ARC committee needs volunteers if you are interested  Social Chair Heather Somori needs volunteers to help with events. if you are interested in helping  Small Business Event July 18 or 25, need volunteers to help organize July event Call for Volunteers

 Cheryl Phillabaum  Elaine Su  Neil Arsenault Candidates for the Board

 Outgoing Secretary  Author of Newsletter  Advocate for Cost Savings  Ladies of Providence Club Leader Thank You Victoria