Annual General Meeting

Home Owners AssociationTuesday , October 11th, 2011

Today’s Agenda1. Meet the Directors

2. President’s Update

3. Highlights for 2011

4. Project Report

5. 2011 – Finance Report

6. Proposed 2012 Budget

7. Elections and Voting

8. Question and Answers

Meet the Directors

Brad Halbach Shelyza Vasisht Chadd Merrigan Anna Martca (Interim Director) Ashish Arora – (Interim Director)

President’s Update Woodbridge home values strong in current market

# 12 homes sold Year to Date Most homes are not on the market very long

Stolen Funds Recovered – Criminal Case Finalized Amount of $54,860 on March 4th, 2011

Director Changes Shobit > Anna Martca Venkat > Ashish Arora

Highlights and Updates for 2011 4th of July – Great turn out and great weather

More ice cream and popsicles next yearCompleted Projects Irrigation Upgrades

Areas with no coverage new zones installed Relocation of sprinklers around swings

Bench Replacement Rubber tile installation in playground

Projects In Progress 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 Dues to go down to $500 SF and $300 TH

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.

$150 SF and $90 TH – Credit Net 2012 dues: $350 SF and $210 TH

Reserve Funds $70,000 reserve has been established Current reserve is sufficient and for future emergencies

2012 Budget Income

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

TOTAL INCOME $162,344

EXPENSES

Administrative Social - Events

Bank Fees $120 Annual Meeting $500

Insurance $4,000 July 4th $2,000

Legal Fees $1,000 Other Events $1,000

Postage - Mailings $500 TOTAL Social - Events $3,500

TOTAL Administrative $5,620 Taxes $300

Community Improvements $20,000 Utilities

Landscaping Electric $3,000

Backflow Testing (Annual) $800 Water $30,000

Bark $10,000 TOTAL Utilities $33,000

Irrigation Repairs $8,000 TOTAL EXPENSES $159,220

Landscape Repairs $10,000

Maintenance (Monthly) $66,000 OVERALL TOTAL $3,124

Playground Wood Chips $2,000

TOTAL Landscaping $96,800

2012 Budget Expenses

Open Nominations What are you passionate about?

Parks, Events, Administrative, Social Your chance to make a difference! Influence community decisions

Election of Directors 2 Director posts up for elections Term ending 2014. Canidates for Director’s posts

Anna Martca Ashish Arora Any other nominations ???

Open Forum

Question and Answers