3. 2011 Budget - APPROVED INCOME20092010 2011 Operating APPROVED Assessments$184,136.44 $ 184,931.86$195,700.00 Late fee$0.00 $ 1,768.88$1,000.00 Fine Income $ 725.00$250.00 Expense Reimbursement $ 4,210.03$3,500.00 Interest Income$300.00 $ 221.01$150.00 Available Reserve Funds$0.00 $ - TOTAL INCOME$184,436.44 $ 191,856.78$200,600.00 EXPENSE Carpet Clean$800.00 $ 730.00$1,500.00 Emergency Call Out$750.00 $ 265.00$250.00 Exterminator$925.00 $ 1,006.00$1,100.00 Janitorial$13,860.00 $ 14,321.00$14,846.46 Landscaping$8,000.00 $ 8,904.97$10,000.00 Landscaping - Improvements $ 2,500.00$17,500.00 Tuck pointing$7,810.00 $ 19,100.00$1,000.00 Electricity$3,500.00 $ 2,573.94$3,000.00 Gas$55,000.00 $ 24,785.24$30,000.00 Water & Sewer$7,500.00 $ 9,175.10$9,600.00 Trash Disposal$7,000.00 $ 4,122.23$4,250.00 Fire & Safety Systems $ 117.17$200.00 SUBTOTAL$134,495.00 $ 148,772.14$124,346.46 Management$15,900.00 $ 16,536.00$17,032.08 Misc. Management $ 525.00$0.00 Misc. Administration$300.00 $ 1,431.77$1,000.00 Meals & Entertainment$500.00 $ 183.48$250.00 Insurance$10,000.00 $ 12,300.94$12,500.00 Licenses & Permits$0.00 $ 770.00$850.00 Other Taxes$0.00 $ 10.00$25.00 Bank Charges$0.00 $ 4.50$0.00 OPERATING EXPENSE$159,820.00 $ 183,032.37$163,628.54 NON-OPERATING EXPENSE Capital Improvements$0.00 $ 27,724.00 Reserve Transfer/ Funding$24,000.00 $ (19,000.00) $35,000.00 TOTAL EXPENSES$183,820.00 $ 191,756.37$198,628.54 NET INCOME$616.44 $ 100.41$1,971.46

4. PAPER WORK FOR SALES AND REFI’s ASSOCIATION TO PROVIDE Approved Meeting Minutes Financials - Approved Budget - Balance Sheet Tax Return (Federal) Articles of Incorporation Recorded Condominium Declaration and Bylaws Recorded Plat of Survey Rules and Regulations

5. PAPER WORK FOR SALES AND REFI’s ASSOCIATION TO COMPLETE Condominium Questionnaire (From Lender for loan) DELRAP or HRAP forms (For FHA process) 22.1 or Resale Disclosure Form (From Buyers Attorney) ASSOCIATION TO GENERATE Paid Assessment Letter (incl. First Right of Refusal if applicable)