1. Landen Meadows HOA Annual Meeting 2016 Calendar Year Summary
Accomplishments
Issues & Challenges
Social Committee
Help from community members is driving more events
Pool drain installation
Update of LM website
Community Volunteers
Planned Tree Charlotte Event
Communication
We want to continue increasing the level of communication between board and community
Budget/Spending
$8,189 under budget for 2016!
Reserve Funding
Large amount of open AR is hampering our ability to fund our reserve like we need to
Communications
Need LM resident to help with coordination and disbursement of Newsletter
Must budget for large future repairs:
Playground
Pool refinish & pump replacement
Pool Bathrooms
Pool Bungalow refinishing
Pool parking lot
Tennis court

2. Board/Community Communication Annual Meeting
Face to Face – Board and Community
Town Hall Meeting
New Website
Modern Format/Curb Appeal
Informative
User Friendly
On-going, please be patient
Need assistance with content
NextDoor and Facebook
Tools for communication
Abuse
Appearance/Home Value
Freedom of Speech

3. Community Involvement Annual Meeting
Increase in Community Member Participation
Direct Expense Reduction
Pool umbrella repairs – Savings of $750
Creek Tree Removal – Savings of $900
Trees Charlotte event – Savings of $1840
It is exciting to see so many people taking an active role in their community and are working to make it better!

4. Landen Meadows HOA Annual Meeting
2017 HOA Fee
Goals
Reserve Study
$30, Reserve Funds Transferred Annually
Avoid Special Assessments
Address many aging common area components
Community is over 25 years old
Keep in line with annual HOA fees for similar communities:
Raeburn $580 (Current) - $530 (2015)
Thornhill $540 (Current) - $480 (2015)
Results
Increase in dues from $480 to $490

5. 374 Total Homes x $10 Revenue = $3,740 increase
Landen Meadows HOA Annual Meeting Major Expense Comparison & Plans
374 Total Homes x $10 Revenue = $3,740 increase
Expense
2016 Budget
2017 Budget
% Change
Management Company
$20,106
$20,100 0%
Pool Management
$36,000
Landscaping
$31,512
$31,518
Reserve Transfer
$30,000
TOTAL
$117,618
Proposed 2017 plans:
- Entrance plantings renovation (includes fence repair on Rea Rd)
- Pool furniture repair
- Playground replacement

6. Landen Meadows HOA Annual Meeting 2017 Community Improvement Plans
Landen Park
Better use of field on Newton Lane
Addition of soccer goals, disc golf goals, etc…
Playground replacement
Playground showing age
Not ADA compliant – unable to repair

7. Landen Meadows HOA 2016/17 comparative budget
Revenues
2016 budget
2017 Budget
Association Assessments
$ 179,520.00
$ 183,260.00
Swim Team Income
$ 3,650.00
Late Fees & Interest $
Interest received on investments $
Total Revenue
$ 183,682.00
$ 187,422.00
Expenses
Electricity - General Usage
$ 12,000.00
Water/Sewer - General Usage
$ 14,000.00
$ 20,000.00
Telephone $ $
Management Fees
$ 20,106.00
$ 20,100.00
Violation Notices
$ 2,000.00
Postage/Delivery
Audit/Tax Preperation $
Website Fees $ $
Meeting Expense
Legal/Collection Fees $
Permits/Licenses/Fees $
Property Insurance - Policy/Premium
$ 3,057.00
Social Committee
$ 3,000.00
$ 3,600.00
Pool - Contract
$ 36,000.00
Pool - Repair & Maintenance
$ 1,604.00
$ 4,000.00
Pool - Passes/Supplies/Furniture
$ 2,500.00
Swim Team Expense
$ 4,200.00
Athletic Court - Repair & Maintenance
$ 1,000.00
Sidewalk - Repair & Maintenance
Maintenance - General
Landscape - Contract
$ 31,512.00
$ 31,518.00
Landscape - Improvements
Landscape - Repairs & Maintenance
Landscape - Seasonal
$ 6,000.00
Bad Debt
$ 1,200.00
Reserve Transfer
$ 30,000.00
$ 24,252.00
Total Expense
Net Income $
Assets
Accts Receivable
$ 21,041.12
Landen Meadows FCB operating x6422
$ 38,759.25
Landen Meadows FCB reserves x7311
$ 58,608.65
Total Assets
$ 118,409.02
Liabilities
Accts Receivable over collected
$ 2,558.00
Accs payable - Net total $
Total Liabilities
$ 2,745.27
Net Worth
Current operation funds
$ 81,705.43
General Reserves
$ 21,426.00
Swim Team Reserves
$ 4,083.00
Net Income
$ 8,449.32
Total Net Worth
$ 115,663.75
Total net worth and liabilities