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

2. 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

3. 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.

4. 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

5. 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.

6. 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 $

7. 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)

8. TOTAL OPERATING EXPENSES
2017 Actual vs. Budget
Description
Actual
Budget
2017 Assessment Income
$ 192,149
PG&CC Fee
$ ,900
Other income (interest, late fees, fines)
$ ,393 $
EXPENSES
Administrative (tax prep, office supplies, website)
$ 33,239
$ 39,882
Insurance
$ 17,518
$ 20,000
Legal Fees
$ ,680
$ ,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)
$ ,067
$ 10,000
Water & Electric
$ ,427
$ ,920
Reserve Annual Contr.
$ 70,000
$ 45,000
TOTAL OPERATING EXPENSES
$ 122,871
$ 151,526

9. 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 $
EXPENSES
Administrative (tax prep, office supplies, website)
$ 1,239
$ 1,329
Insurance
$ 16,836
$ 18,500
Legal Fees $
$ 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

10. 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, Rolling Green: 932, 940, 950, 952

11. Thank you for attending and participating.