1. OPERATING AND WATER SYSTEM BUDGET REVIEW TRAVOIS HOMEOWNERS ASSOCIATION, INC. ANNUAL HOMEOWNERS MEETING DECEMBER 8, 2015

2. 2015 WATER OPERATIONS BUDGET Travois Homeowners Association, Inc.2 Actual through NOVBudget Water Income $47,047$35,000 Residual from 2014 $29,665 Withdrawal from the water fund$31,000 Total Water Funds Available$107,712$95,665 Water Expense Bookkeeper $1,925$3,600 Insurance $1,330$1,250 IREA Electric $6,415$9,000 IRS Taxes 1,811$1,700 Meter Reading and Billing $2,750$2,000 Bill Mailing $204$300 System Improvements* (includes work budgeted but not performed in 2014 $79,227 $75,540 SW Storm Water $20 Tax Preparation $926$1,000 Taxes Colorado $330$625 Water Operator $825$900 Water Testing $1,168$1,150 $96,931$95,665

3. 2016 WATER OPERATIONS BUDGET IncomeBudget Water Income$ 40,000 Draw from Fund 12,170 Total$ 52,170 ExpensesBudget IREA (Electric)$ 7,000 BOOKKEEPING 2,100 WATER OPERATOR 900 WATER TESTING 1,150 METER READING & BILLING 3,000 BILL MAILING 300 INSURANCE (GENERAL) 1,350 TAX PREPARATION 1,000 ST. OF COLORADO (GENERAL TAXES) 500 IRS (TAXES) 1,700 SW STORMWATER FEES (OUTLOT A) 20 SYSTEM IMPROVEMENTS 34,150 TOTAL $ 52,170 Travois Homeowners Association, Inc.3

4. OPERATIONS BUDGET 2015/2016 Per Annum Dues Lots Amount Revenue Budget2014 Revenue Actual $230.00 52 $230 $ 11,960 $ 11,960 Expense Item 2015 Expense Budget Expense Actual 2016 Budget Through November Meeting Rooms $ 275 $ 246 $ 275 Insurance 1,400 1,373 1,400 Legal 2,100 3,622 3,500 Office supplies 100 203 100 Postage 295 0 50 Social Events 500 306 500 State Fees 40 10 40 Storage 625 677 625 THOA Property Maintenance6,000 2,945 4,845 Utilities 350266 350 Web Site and Internet 300 247 275 Total Expenses $ 11,960 $ 9,853 $ 11,960 Travois Homeowners Association, Inc.4

5. TRAVOIS COMBINED BALANCE SHEET 11/30/2015 Travois Homeowners Association, Inc.5 Pershing Fund Balance 1/13$409,739 Withdrawal 30,000 Gain 39,018 Balance 1/14$416,957 Withdrawal 0 Gain 9,987 Balance 1/15$426,944 Withdrawal 31,000 Gain -7,434 Balance 11/15 $388,510

6. QUESTIONS ????