Annual General Meeting Home Owners Association Tuesday October

Annual General Meeting Home Owners Association Tuesday , October 11 th, 2011

Today’s Agenda 1. 2. 3. 4. 5. 6. 7. 8. Meet the Directors President’s Update Highlights for 2011 Project Report 2011 – Finance Report Proposed 2012 Budget Elections and Voting Question and Answers

Meet the Directors Ø Ø Ø Brad Halbach Shylleza Vasisht Chadd Merrigan Anna Martca (Interim Director) Ashish Arora – (Interim Director)

President’s Update o o Woodbridge home values strong in current market n # 12 homes sold Year to Date n Most homes are not on the market very long Stolen Funds Recovered – Criminal Case Finalized n o Amount of $54, 860 on March 4 th, 2011 Director Changes n n Shobhit> Anna Martca Venkat > Ashish Arora

Highlights and Updates for 2011 o 4 th of July – Great turn out and great weather n More ice cream and popsicles next year Completed Projects o Irrigation Upgrades n n o o Areas with no coverage new zones installed Relocation of sprinklers around swings Bench Replacement Rubber tile installation in playground

Projects In Progress o o New swings in Phase 2 Park(Redmond Grant) Drainage upgrades in Phase 3 North Park Tree Replacement Buffer around ponds

YTD Income & Acct. Balances

2011 Expenses

Annual Dues for 2012 o Reserve Funds n n o $70, 000 reserve has been established Current reserve is sufficient and for future emergencies Dues to go down to $500 SF and $300 TH n n n We continue to reduce fees annually but want to continue to budget for projects Projected $65, 000 checking balance at EOY We are issuing a one time credit toward 2012 dues. o $150 SF and $90 TH – Credit o Net 2012 dues: $350 SF and $210 TH

2012 Budget Income INCOME Annual Dues Town Homes Single Family Homes TOTAL Annual Dues Other Inc CD Interest Checking Interest Escrow Fees Fines Loss Recovery TOTAL Other Inc TOTAL INCOME $19, 800 $140, 000 $159, 800 $0 $144 $0 $2, 400 $0 $0 $2, 544 $162, 344

2012 Budget Expenses EXPENSES Administrative Social - Events Bank Fees $120 Insurance $4, 000 July 4 th $2, 000 Legal Fees $1, 000 Other Events $1, 000 Postage - Mailings TOTAL Administrative Community Improvements $500 $5, 620 $20, 000 Landscaping Backflow Testing (Annual) Bark Annual Meeting $800 $10, 000 Irrigation Repairs $8, 000 Landscape Repairs $10, 000 Maintenance (Monthly) $66, 000 Playground Wood Chips $2, 000 TOTAL Landscaping $96, 800 TOTAL Social - Events Taxes $500 $3, 500 $300 Utilities Electric $3, 000 Water $30, 000 TOTAL Utilities TOTAL EXPENSES OVERALL TOTAL $33, 000 $159, 220 $3, 124

Open Nominations o What are you passionate about? n o o Parks, Events, Administrative, Social Your chance to make a difference! Influence community decisions

Election of Directors o o o 2 Director posts up for elections Term ending 2014. Candidates for Director’s posts n n n Anna Martca Ashish Arora Any other nominations ?

Open Forum Ø Question and Answers