Welcome and Introductions

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2 Welcome and Introductions 0 Board Members: 0 Sabrina Owens, Board President 0 Jakub Biernacki, Vice-President 0 Ever Miller, Treasurer 0 Heather Collinash, Secretary

3 Kimberly Mosey, Owner Beverly G. Powers, Property Manager Contact information: (248) For Emergency: Select Option #5 when calling address:

4 Agenda 1) Introductions & Explanation of Purpose of Meeting 2) President s Report 3) KCP Management Report of Financials 4) Treasurer s Report 5) Homeowner s Open Forum 6) Open Nominations from the Floor 7) Introduction and comments from Nominees 8) Appointment of Inspectors of Election 9) Election of Board Members 10)Election Results 11)Adjournment

5 Status of Home Sites Homes are now occupied 0 27 Home lots are still available % Owner Occupancy Rate 0 6 Homes for sale 0 0 Known Homes in foreclosure

6 President s Report 0 Summer Projects: 0 New Web Site: 0 Whispering Meadows on Face Book & Twitter 0 Successful Yard Sale 0 Sub-wide Clean-up and Community Dumpsters 0 New irrigation pump installed in small pond on Jonquil Lane

7 Noteworthy Events 0 Muskrats tore through the power cord on the Jonquil fountain, so it was removed prematurely. It has been repaired and is being winterized for storage during the winter months; 0 Ponds continue to be treated to reduce algae and stagnant buildup; 0 Mulch on main playground was replaced with a safer rubber mulch; 0 We continue to hold the developer accountable for mowing his vacant lots monthly;

8 Noteworthy Events, Cont d. 0 We are not satisfied with our Lawn Care Services, so will seek new bids in the spring; 0 Alteration Modification forms and requests can take up to 30 days, so keep this in mind when making repairs to sheds, decks, patios, and fences. Forms available on web site; 0 Lights in the front entrance have been repaired; 0 We continue to seek bids for Doggie Stations.

9 Pending Projects 0 Two Doggie Stations installed in common areas 0 Private Park signs at large north park

10 Committees 0 Volunteers are still needed to staff committees: 0 Events (block parties; home tours; music in homes) 0 Communications 0 Newsletters; Website updates and maintenance 0 Garden Club 0 Contests 0 Holiday 0 Decorating 0 Caroling 0 Potlucks

11 Treasurer s Report 0 Overview of Financial Statements 0 The Income Statement 0 The Balance Sheet

12 Income Statement

13 Income Statement

14 The Balance Sheet

15 Financial Overview 0 Financial health over 3 year period $100, $33, $74, , $ Beginning Ending

16 Budget Variance Analysis Adherence to 2012 Budget Projections Year To Date 9/30/13 0 Total Income $65, Total Expenses $77, Over Budget by ($11,738.86)

17 Variance Analysis, Cont d. WHY? OVER BUDGET 0 EXPENSES 0 Transfer To Reserve: Over Budget $28,200 0 Administrative: Over Budget $1, UNDER BUDGET 0 Grounds: Under Budget by $3, Entrance Flowers Not done well - $2000. Will change contractors and do in Doggy Station and Maintenance: Pending Board Approval - $725 0 Playground: Under budget by $2,480 0 Insurance, Maintenance & Repairs, Operating & Ponds All Under Budget

18 KCP Management Report Collections and Delinquencies: Delinquencies: 0 40 accounts over 90 days representing $ 47, Delinquencies: 0 50 accounts over 90 days, representing $ 50, Increase of $3,663.16

19 Property Inspections 0 Joint Property Inspections: 0 There was improvement in lawn care 48% 0 09/30 19 landscape and 1 roof violation 0 05/20 37 landscape violations 0 Dead Trees : Common Area behind Jonquil 0 Park Gravel: Areas need refilling 0 Playground Mulch: Needs refilling 0 2nd Entrance Light Out: Repaired week of 10/28 0 Mailboxes are continuing to deteriorate 0 We recommend this Approved Mailbox: Description: Double-wall plastic construction. Has a rear safety retrieval door which keeps children and adults away from traffic. Size: 49-1/2"H x 10"W x 21-1/2"D. Costs average $50-$60 at Home Depot or Lowes

20 Homeowner s Open Forum?? QUESTIONS??

21 Election 0 Nominations From the Floor: 0 for One Two-year Appointment 0 Introduction and Comments from Nominees 0 Appointment of Inspectors 0 Election

22 Halloween Tips 0 A parent or responsible adult should always accompany young children 0 Keep porch lights on for safety 0 Only go to homes with a porch light on, and never enter a home or car for a treat 0 Dress kids in bright, reflective colors 0 Carry flashlights with fresh batteries for all children and their escorts. 0 Carry a cellphone for quick communication.

23 Thank you, See you next year!