COUNTRY CLUB TOWNHOMES HOMEOWNER ASSOCIATION Welcome COUNTRY CLUB TOWNHOMES HOMEOWNER ASSOCIATION ANNUAL MEMBERS MEETING

Annual meeting agenda Call Meeting to Order & Welcome Owners Guest Speaker: Justin Henderson PG&CC Proof of Quorum Member Participation is Needed Announce Election Results Community Reports Homeowner Open Forum Adjournment

Member participation is Needed 39 Members must vote in person or by Absentee Ballot in order to hold the Annual Meeting and Elect a Board of Directors. Homeowners must volunteer to serve on the Board to oversee the operations of your community. If a Board is not elected, an attorney may have to be retained to oversee operations.

ELECTION RESULTS Five open positions on the Board. Three Candidates placed on the Ballot. Mitzi Edwards and Lauren Withers elected to serve for one year. Thank you

Results of amendment Deferred Maintenance The June 2017 proposed Amendment to shift the responsibility of the roofs, from the Association to the owners, did not pass by the required 51 owners. 48 owners approved 28 owners did not approve Members will need to vote to pass a special assessment to help fund roof replacements, painting and other building repairs. Roof and other repairs are approved by the Board of Directors on an as needed bases. Homeowners may be required to pay for the repairs in advance and reimbursed when funds are available.

Key activities Master insurance policy: Building coverage includes interior fixtures, betterments and improvements. Owners should obtain an H06 policy to cover items the master policy does not cover. General Liability Environmental policy for Waste Water Treatment Plant Annual premium $17,500.00 Landscaping: Irrigation repairs ongoing along the 18th fairway. Breaks caused by tree roots Gopher control along 18th fairway Waste Water Treatment Plant: Replacing sludge bag. Estimated cost $2200.00

Fund balances May 2018 OPERATING FUND BALANCE $36,236.92 RESERVE FUND BALANCE $11,004.29 DUE BEWTEEN FUNDS $17,305.00 (Operating funds due back to Reserve funds) ACCOUNTS RECEIVABLE $ 2,790.00 (three owners past due assessments, fines, late fees)

TOTAL OPERATING EXPENSES 2017 Actual vs. Budget Description Actual Budget 2017 Assessment Income $ 192,149 PG&CC Fee $ 3,900 Other income (interest, late fees, fines) $ 1,393 $ 470 EXPENSES Administrative (tax prep, office supplies, website) $ 33,239 $ 39,882 Insurance $ 17,518 $ 20,000 Legal Fees $ 1,680 $ 5,000 Management Fees ($933 monthly) $ 11,196 Common Area (landscape, irrigation, pest control) $ 27,575 $ 27,895 Roof & Building Repairs $ 18,813 $ 34,940 Treatment Plant (operator, electric, repairs, testing) $ 34,682 $ 33,260 Owner Reimbursement (roof repairs/replace) $ 5,067 $ 10,000 Water & Electric $ 3,427 $ 2,920 Reserve Annual Contr. $ 70,000 $ 45,000 TOTAL OPERATING EXPENSES $ 122,871 $ 151,526

FINANCIAL ACTIVITY January - May 2018 Description Actual Budget 2018 Assessment Income $ 83,980 PG&CC Fee $ 1,300 $ 1,600 Other income (interest, late fees, fines) $ 1,045 $ 181 EXPENSES Administrative (tax prep, office supplies, website) $ 1,239 $ 1,329 Insurance $ 16,836 $ 18,500 Legal Fees $ 0 $ 2,083 Management Fees ($947 monthly) $ 4,735 Common Area (landscape, irrigation, pest control) $ 11,969 $ 12,128 Roof & Building Repairs $ 17,966 $ 14,409 Treatment Plant (operator, electric, repairs, testing) $ 12,164 $ 14,507 Owner Reimbursement (roof repairs/replace) $ 7,083 Water & Electric $ 1,496 $ 1,291 Reserve Annual Contr. $ 21,000 $ 50,000 TOTAL OPERATING EXPENSES $ 66,457 $ 65,368

Reserve Expenses 2017: $107,661.00 Cottonwood Tree Removal $7,675 2017: $107,661.00 Cottonwood Tree Removal $7,675 Roof Replacements $25,599 Structural Repairs $68,305 WWTP Repairs $6,082 2018: $19,233.00 Roof Replacements $19,233 Roof Replacements : Fairway: 1022, 998. Rolling Green: 932, 940, 950, 952

Thank you for attending and participating.