NOTICE OF MEMBERS MEETING SECOND NOTICE. DATE: Tuesday, April 10, 2018 TIME: 6:00 PM

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1 Jupiter Reef Club Condominium Owners Association, Inc. 6 S. AA Jupiter, FL 3377 Manager@jupiterreefclub.org Phone: (6) Fax:(6) NOTICE OF MEMBERS MEETING SECOND NOTICE NOTICE IS HEARBY GIVEN, in accordance with the By-Laws of the Association that the Annual Meeting of Members of The Jupiter Reef Club Condominium Owners Association will be held at the following date, time, and place. DATE: Tuesday, April, 8 TIME: 6: PM PLACE: American Legion Post 7 Building 7 US Highway # Tequesta, FL 3369 AGENDA (In accordance with section 6 of the By-Laws) I. Call to Order II. Roll Call, Certification of Proxies, Establishment of Quorum III. Proof of Notice of Meeting or Waiver of Notice IV. Reading and Approval of Minutes V. Reports of Officers VI. Reports of Committees [There will be a pause in the meeting of approximately 9 minutes as the votes are counted.] VII. Election Results VIII. Unfinished Business IX. New Business X. Adjournment Organizational Meeting Immediately following adjournment, the new board of directors will meet briefly to elect officers and schedule the st meeting for the coming year. March 9th, 8

2 JUPITER REEF CLUB CONDOMINIUM OWNERS ASSOCIATION 6 S. AA JUPITER, FL 3377 MANAGER@JUPITERREEFCLUB.ORG PHONE: (6) FAX: (6) Dear Owners, It is very vital that each and every owner participates in the Annual Meeting. An owner can either attend the meeting in person or send in a Proxy by mail. The meeting can only take place if a quorum exists. If a quorum is not met, the association must bear the high cost of holding another meeting. All ballots must be turned in by 6:pm on April th, 8. No ballots can be accepted after this time. Therefore, even if you plan to attend the meeting it is suggested that you mail us your proxy as opposed to bringing it with you to the meeting. Completing the Proxy A. Regardless of the number of units you own, you will receive one proxy. B. If you want a specific person to act on your behalf, you will need to place that person s name at the top of the proxy. C. If you do not designate a specific person, the president will vote on your behalf D. You must fill in all of you unit number(s) and week(s) owned. E. In order for your proxy to count, your signatures must be legible or print your name below your signature. Election for the Board of Directors There will be four positions open for the April th, 8 election. The new board will be confirmed at the Annual Meeting. Completing the Envelopes A. Carefully complete your proxy. B. Place the proxy inside of the proxy return envelope and mail it back to the club. Please mail it separately from your ballot. C. Please follow the instructions on the ballot sheet to complete and return the ballot. Thank you for your cooperation. If you wish to attend the Annual Meeting in person, please arrive early, as you will be required to sign in at the front door. In order to start the meeting on time and for your convenience, the doors will open at :3pm. Best Regards, Management March 9th,8

3 JUPITER REEF CLUB CONDOMINIUM OWNERS ASSOCIATION 6 S. AA JUPITER, FL 3377 MANAGER@JUPITERREEFCLUB.ORG PHONE: (6) FAX: (6) GENERAL PROXY JUPITER REEF CLUB CONDOMINIUM OWNERS ASSOCIATION PAGE OF The undersigned, owner(s) or designated voter of unit/weeks: (Please list all unit/weeks) in JUPITER REEF CLUB CONDOMINIUM, appoints (PRINT NAME OF PROXY HOLDER) (IF NONE DESIGNATED, THEN THE ASSOCIATION PRESIDENT SHALL SERVE AS PROXY) as my proxy holder to attend the meeting of the members of JUPITER REEF CLUB CONDOMINIUM ASSOCIATION, INC., to be held on April, 8 at 6: P.M; in Jupiter Florida. The proxy holder named above has the authority to vote and act for me to the same extent that I would if personally present, with power of substitution, except that my proxy holder authority is limited as indicated below: GENERAL POWERS (You may choose to grant general powers. Check General Powers if you want your proxy hold to vote issues which might come up at the meeting and for which a limited proxy is not required). I authorize and instruct my proxy to use his or her best judgment on all other matters which properly come before the meeting and for which a general power may be used. DATE: SIGNATURE(S) of OWNER(S) OR DESIGNATED VOTER NOTE: THIS PORTION IS NOT TO BE COMPLETED BY THE UNIT OWNER. IT IS ONLY TO BE USED IF THE APPOINTED PROXY HOLDER IS UNAVAILABLE. SUBSTITUTION OF PROXYHOLDER The undersigned, appointed as proxyholder above, designates to substitute for me in voting the proxy as set forth above. Signature of proxyholder Date: MARCH 9th, 8

4 JUPITER REEF CLUB CONDOMINIUM OWNERS ASSOCIATION 6 S. AA JUPITER, FL 3377 MANAGER@JUPITERREEFCLUB.ORG PHONE: (6) FAX: (6) PAGE OF THIS PROXY IS REVOCABLE BY THE UNIT OWNER AND IS VALID ONLY FOR THE MEETING FOR WHICH IT IS GIVEN AND ANY LAWFUL ADJOURNMENT. IN NO EVENT IS THE PROXY VALID FOR MORE THAN 9 DAYS FROM THE DATE OF THE ORIGINAL MEETING FOR WHICH IT WAS GIVEN. A person who has been suspended or removed by the division under this chapter, or who is delinquent, in the payment of any fee, or special or regular assessment as provided in paragraph (n), is not eligible for board membership. A person who has been convicted of any felony, in the state or in a United States District or Territorial Court, or who had been convicted of any offense in another jurisdiction, which would be considered a felony, if committed in this state, is not eligible for board membership unless such felon(s) civil rights have been restored, for a least five () years, as of the date such person seeks election to the board. The validity of an action by the board is not affected, if it is later determined that a board member is ineligible for the board membership due to having been convicted of a crime. Upon receipt by the association, no ballot may be rescinded or changed. MARCH 9th, 8

5 BALLOT There are four positions open for the Board of Directors at The Jupiter Reef Club. Those who are elected will serve two-year terms beginning April th, 8. Listed below are the candidates running for those openings. and their candidate sheets are attached for your review and consideration. Please remember, If you choose more than candidates, your vote will not be counted. Write-in candidates are not permitted and will also void your vote. Indicate below your four selections. Once completed, place this ballot sheet in the envelope marked Ballot, seal it, and return it in the # return envelope provided. The # return envelope has signature lines and requires that unit owners sign the front and indicate all unit/weeks owned. All ballots must be received by April th, 8 at 6:pm. There is a smaller envelope marked Proxy which should only be used to separately return the enclosed proxy form. Vincent Augello Neil J. Brazitis Sr. Nunzio DeFeo Brian Kincaid John P. Kuharenko

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7 Resume & Statement of Candidacy Name: Home Address: Units Owned: Education: Current Position: Age: Neil J. Brazitis Bryn Mawr, PA #E9 (3 weeks), #D ( week) Villanova University-BS Accounting, Drexel University MBA Finance Certified General Real Estate Appraiser. Licensed in Pennsylvania, New Jersey, and Delaware 67 Experience: I have been engaged in various phases of the real estate industry since my graduation from Villanova. My experience includes commercial construction management, facilities management, brokerage, commercial development and appraisal. Statement: I have been proud to serve a two-year term as a member of the Board of Directors of the Jupiter Reef Club. During my tenure we have upgraded and improved the interiors of the units much to the satisfaction of both owners and renters. We have tackled the most difficult issue of the breach and emergency repairs of the sea wall and have successfully engaged a consulting engineer, have applied for and have been granted the necessary permits and have acquired the necessary funding to replace the sea wall in order to sustain the future existence of the Jupiter Reef Club. Thank you for your consideration and I look forward to working with the Board to continue the upgrading and improvement of the Jupiter Reef Club.

8 Nunzio De Feo As a 7 year resident of Jupiter, it has been my pleasure to be a proud owner at Jupiter Reef Club. My wife and I have always considered it as one of Jupiter s best kept secrets with its proximity to the ocean and spectacular views. As a local owner, I have spent many enjoyable times here and made a lot of friends with other owners as well as many people who are not owners but return year after year to enjoy Jupiter Reef Club and the ambiance of a small oceanside resort. For the past years, I have been an active member of the JRC Board of Directors serving as Director in the past as well as my current position of Treasurer. Since I am a local resident, I am very diligent in helping out with issues that arise at the club and if needed I can be there within a reasonable time to meet with the manager and other board members. This enables us to discuss items or make decisions on short notice such as meeting with contractors or to be sure we are in compliance at all times with the Town of Jupiter. I retired AT & T after working 3 years, in management and in the central office in South Florida and Jupiter on inside equipment and coordinating with outside technicians. Prior to that, I was self-employed in our family business. I am asking for your continued support of my position on the JRC Board of Directors, Amanda and the staff know they can always count on me and I feel that I am an integral part of the board and have been very helpful and accommodating over the years. I hope that you will keep me in my current role as it important to have a local board member available to the manager and staff at all times.

9 Jupiter Reef Club Board of Directors Candidate Information Sheet for Brian P. Kincaid, PO Box 3, Palm City, FL My family moved from Connecticut to Tequesta, Florida in the mid seventys while I was still obtaining my college degree. Back then, the present site of the Jupiter Reef Club (JRC) was a small bar right on the beach with a typical beach front/surfer ambiance. The Jupiter/Tequesta area was still very rural back then with a small town atmosphere and a perfect blend of south florida nature and beauty along with the most perfect beach. I still believe that now after having traveled to some of the most promoted beaches in the states and the caribean. In the mid 98 s, the property was purchased and converted into the timeshare. The property was grandfathered into its current location on the beach side. My parents bought a week when they first went on sale. My family and I have been coming ever since and I have owned various units over the years. I now stay at the resort during my week as it truly is a fantastic resort and now I would not trade my time there for anywhere else. As a local owner, it is also the perfect place for a relaxing weekend visit. That s also why I own a timeshare week there. The amenities and friends can t be matched. There is always a blend of local owners and visitors spending their week there. EDUCATION: Bachelor of Applied Science in Information Technology, 98, Florida Atlantic University, Boca Raton, Florida. BACKGROUND: Have been in the IT field for years, the last 3 in IT management. I have worked for private industry, for software companies and government. I am a high level IT manager responsible for enterprise application systems that organizations rely upon to run their business. I run the project management office that is responsible for the implementation of high value projects that result in improvements in efficient and effective operation of all business units to serve their customers. I manage an annual budget of over 7 million dollars with the goal to reduce spending while continuing to deliver more services with less resources. I perform IT portfolio management and strategic planning to ensure IT resources align with corporate objectives at the lowest cost. In closing, I have a vested interest in the future of the JRC and that it delivers the experience expected of all owners. I submit that my knowledge and history of the area and the resort, my ability to understand the balance that needs to exist between one time or repeat visitors/owners and local owners, my management experience and skills, will continue to be an excellent complement to the existing Board. I also feel that the job of any board is to set vision and policy, establish guidelines that deliver a high return for the lowest investment, deal with emergencies while keeping costs low, and selecting the most qualified staff to perform ongoing management duties. The current Board priorities of a new seawall, facility repairs and ongoing unit upgrades must be formost in everyones mind in order to protect and preserve our investment in a very special place.

10 John P. Kuharenko 99 Cortland Drive Apple Valley, Minnesota E mail jpkuhko@aol.com (T) (M) Summary My wife Meredith and I purchased our first unit at the Jupiter Reef Club November. Since then we have had such enjoyable times that we have acquired four additional weeks and try to schedule our vacations during the coldest winter periods for Minnesota. I am retired, but have three Grandsons who relished the thought of running Grandpa every which way they could this year at the resort. I have included a brief summary of my (thirty-seven years) work experience (in Finance and HR) the majority of which (twenty-three years) was spent working for a division of Emerson Electric. Why I didn t elaborate on the specific functions performed for each company listed below I think it can be summarized in the following way. My overall financial experience gave me insights to help improve profitability and the overall performance of each organization I was associated with. In addition to improving financial performance, I developed sound strategies and provided reliable council during critical business situations that aided decision-making. PROFESSIONAL EXPERIENCE (3Years) V.P. Finance Baker White Control Techniques Emerson Emerson EMC Emerson Controller Emerson Motion Control General Resources Accountant Hanna Mining Company McGladrey Henendrickson & Co. (Public Accounting) ( Years). V.P. HR Control Techniques Emerson (As a result of an acquisition and integration of the new company I served in this role the last five years I was with Emerson) EDUCATION Bachelor of Accounting University of Minnesota Duluth

11 Proposed Annual Budget May, 8 - April 3, 9 Dear unit owners, Attached, for your review and consideration, is the proposed annual budget for the fiscal year beginning on May, 8. Please review the proposed budget. Forward any questions, suggestions or comments to our manager, at the office by mail or Manager@jupiterreefclub.org. You may call the office, but correspondence is preferred via or post. NOTICE OF BUDGET MEETING The Board of Directors has scheduled a meeting to approve the attached proposed budget. The meeting will be held on Monday April 9th, 8 at 6:pm at the Jupiter Reef Club, 6 S. AA Jupiter Florida 3377 Note: To view the audit for fiscal year 6-7, or to download this entire packet in PDF format, please visit: jupiterreefclub.org/portal. You are also always welcome to contact the office. March 9, 8

12 JUPITERREEFCLUBCONDOMINIUMASSOCIATION,INC. PROPOSEDBUDGETFORTHEFISCALYEAR BEGINNINGMAY,8ENDINGAPRIL3,9 PROPOSEDBUDGET3/9/8 PROPOSED AUDITEDACTUAL /3/7 7 ACTUAL /3/7 7MONTHS Projected /3/8 BUDGET //8TO /3/9 REVENUES ASSESSMENTS(SCHEDULE) MAINTENANCEFEES 6, 369, 63,986 6,8 RESERVE SEAWALLRESERVESPECIALASSESSMENT 776, M,89 36,9 7,37 39,36 8,69 RESERVEINTERESTINCOME TAXES,8,3 9,6,,87,,6 WEEKLY/UNIT BUDGET ESTOPPELLETTERFEE BADDEBTRECOVERY,9,9 M 8,77 M, M RENTALCOMMISSIONS RENTALINCOME 83,9,69 93,,89 6,,, 3, INTERESTINCOME LATECHARGES M,7 M,9 M,9 M 6, GAIN(LOSS)SALEOFUNITS M M M M LOSSONSALEOFASSETT (8) (7,) M M BEACHCHAIRRENTALS RETAILSALES,78,7 68,9,76,7,,7 OTHERINCOME CLEANINGFEES EXCESSREVENUESCARRYOVERTOREDUCEBUDGET TOTALINCOME,7 M M,73,38,8 M 77, 6,3 M,73,77, M,7,7 ADMINISTRATIVESALARIES MAINTENANCESALARIES 3,36 7,668 8,6 33,7,9 6,6 8,98 78, HOUSEKEEPINGSALARY MAIDSSALARIES 7,87 8,8 9,7 3,97 7,, 7, 3, LAWNMAINTENANCESALARIES EVENINGCLERKSSALARIES 3,69 37,33 8,9 9, 3, 37, 6, 37, EMPLOYEEBONUS PAYROLLTAXES 3,99 33,97 39,63 M 6,79 86, 3,99 8,79 33,38 M 3, 3,33 ADVERTISEMENT WEBMSITEEXPENSE BOOKING.COMCOMMISSION ACCOUNTINGFEES 3,93,8,69,36,,7,683,688,36,39,,,8,, AUDITFEES BANK&CREDITCARDFEES PENALITIES 7,76 8,8 M 7,,83 M 7,,7 M 7,, M COMPUTERSUPPORT&SOFTWARE DUES&SUBSCRIPTIONS EQUIPMENT&STORAGERENT BEACHCHAIRPURCHASES LEGAL&COLLECTIONFEES LEGALFEESFORECLOSURES OTHERPROFESSIONALFEES OFFICESUPPLIES&EXPENSES POSTAGE&DELIVERYEXPENES PRINTING PROMOTIONALEXPENSES, 73,3,97, M 3,36,6 6,3,983 3,86 6,3,3 M,3 66,39,3,9, 66 7,336,88,6 M,333 97,3,86,,8,,, 83,8, M,,,8 7,,8,,, 3, 78,8,99 3,6 3,3 6,89 7,6,387,7 M,3 9,7, 9, 3,9,6,7 7 M 8,73,9 33, 3,76,98 7,3,78 69 M,6 3, 3, 3, 6, 7, 9,,7 M 9, ,33 M,8 7,9 9,9,9 M,33 3,768 8,7 9, M 9,78 6,6 9,7 6,, 9, 7,, 33 6 SALARIESANDBENEFITS 7 3 ADMINISTRATIVEEXPENSES UTILITIES ELECTRIC GAS WATER/SEWER TELEPHONE/INTERNET TRASHREMOVAL CABLETV FIREALARMMONITORING,MAINT TELEPHONEREPAIR/MAINTENANCE MAINTENANCEEXPENSE AIRCONDITIONINGMAINTENANCE RESTORATIONSERVICES CLEANINGSUPPLIES EXTERMINATION GENERALREPAIRS&MAINTENANCE 3 3 3

13 6 6 IRRIGATIONMAINTENANCECONTRACT M M M M IRRIGATIONMAINTENANCEREPAIRS POOL&PATIOFURNITUREREPAIRS M,68 M 3 M 39 M, POOLMAINTENANCECONTRACTS POOLREPAIRS&SERVICE SEAWALLMAINTENANCE LANDSCAPEIMPROVEMENTS 7,,86 7,8 M,88,77 M M 8,366 6,7 M M 8, 6, M M WINDOWS,SHUTTERS,EXTERIORMAINTENANCE 38 3,86 M 6,8 M,3 M 99, PROPERTY GENERAL, ,7 M 66,36 M 66,36 6,6 DIRECTORSLIABILITY,688 M M, 3,88 3,837 M M,7 M M,73 M M, M REALESTATETAXES,8 9,8 9, 99,8 TANGIBLEPERSONALPROPERTY M M,,8 TAXESANDLICENSESOTHER BADDEBT,39 8,38,8 M,8,3, 7,3 DIVISIONFEES 3,6 3,6 3,6 3,6 STORMDAMAGES M M M 3, RETAILPURCHASES DEPRECIATION,89,69 88, M, 9, INCOMETAXES STAFFUNIFORMS REIMBURSEMENTS SECURITYEXPENSE 9,6, M 636 6,8,6,38 M 68 6,3,,73 M 6 7,89,, M M 8,36 83 TOTALEXPENDITURES,7,36, 896,99 99,69 6 CAPTIALEXPENDITURES LAUNDRYEQUIPMENT M M M M OTHERCAPITALEQUIPMENT M M M M M M M M 6,7,36, 896,99 99,69 6 INSURANCE: LIABILITYINSURANCE WORKERSCOMPENSATION PROPERTYTAXES TOTALEXPENDITURES

14 JUPITER)REEF)CLUB)CONDOMINIUM)ASSOCIATION,)INC. PROPOSED)BUDGET)FOR)THE)FISCAL)YEAR BEGINNING)MAY),)8)ENDING)APRIL)3,)9 7 PROPOSED BUDGET //8TO /3/9 WEEKLY/UNIT BUDGET BALANCE /3/7 /3/7 EXPENSES 788 FUNDING /3/8 ROOFREPLACEMENT 37, 8,3 7,37 BUILDINGPAINTING ELECTRICALRESERVE 9,87 8,7 8,63 8, 8 PLUMBINGRESERVE 7, PAVINGANDRESURFACING INTERIORREPLACEMENT POOL&PATIOFURNITURE AIRCONDITIONING SEAWALLRESERVE 3,3 36,6 7, ,86 WINDOWS&SLIDERS PATIORESURFACING BUILDINGSIDING 96,9 73, 8,9 8,6 3,98,88 3,,6,6 3,63 76,8 6, RESERVE RESERVE)EXPENDITURES)(SCHEDULE)3) ACTUAL,96, 8 6,77,33, 6,6 8 88,8 3,8,9 67, 9,,8 8 9,7 8,3 3,9,66,9 9,7 7,98 8,8 TOTALOPERATING&RESERVEBUDGET,693,8 79,98,6,9,7,7 6 EXCESSREVENUESOVEREXPENDITURES 68,73,8 9, 8 POOLRESURFACING LAUNDRYROOMEQUIP. ) 8 3,38 3,96 6,96

15 JUPITER&REEF&CLUB&CONDOMINIUM&ASSOCIATION,&INC. PROPOSED&BUDGET&FOR&THE&FISCAL&YEAR BEGINNING&MAY&,&8&ENDING&APRIL&3,&9 SUPPORTING&SCHEDULE&I BILLING&COMPUTATION&FISCAL&YEAR&ENDING&/3/9 A&UNITS &BEDROOM &BEDROOM TOTAL ASSOCIATION%OWNED%UNITS%REGULAR%ASSESSMENTS $,6.7 $7,7. $,77.8 REAL%ESTATE%TAXES/UNIT $,. $,688. $,. TOTAL%UNITS%EXLUDING%MAINTENANCE%WKS ASSOCIATION%OWNED%UNITS%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% TOTAL%UNITS%BILLED UNIT/WEEKS TAXES/UNIT%WEEK MAINTENANCE%FEES TOTAL%BUDGET,%INCLUDING%ASSOCIATION%WKS PERCENTAGE SUMMARY: MAINTENANCE%FEE REAL%ESTATE%TAXES% SPECIAL%ASSESSMENT PRIOR%YEARS%ACTUAL%M&T MAINTENANCE%FEE REAL%ESTATE%TAXES PRIOR%YEARS%SPECIAL%ASSESSMENT% $3,36.66 %%%%%%%%%%%%%%%%%%%%%%86.8 %%%%%%%%%%%%%%%%%%%%%.7 %%%%%%%%%%%%%%%%%%%%%86.8 8B9 %%%%%%%%%%%%%%%%,7,9 %%%%%%%%%%%%%%%%%%%%66.97 %%%%%%%%%%%%%%%%%%%66.97 %%%%%%%%%%%%%%%%%% %%%%%%%%.6883 %%%%%%%%.6883 %%%%%%%.679 %%%%%%%%%%%%%%%%%%%%66.97 %%%%%%%%%%%%%%%%%%%%%%86.8 %%%%%%%%%%%%%%%%%%%%73.6 %%%%%%%%%%%%%%%%,.6 %%%%%%%%%%%%%%%%%%%66.97 %%%%%%%%%%%%%%%%%%%%%.7 %%%%%%%%%%%%%%%%%%%73.6 %%%%%%%%%%%%%%%%%%%988.3 %%%%%%%%%%%%%%%%%% %%%%%%%%%%%%%%%%%%%%%86.8 %%%%%%%%%%%%%%%%%% 97. %%%%%%%%%%%%%%%,.7 %%%%%%%%%%%%%%%%%%%%63.68 %%%%%%%%%%%%%%%%%%%%%%86.8 %%%%%%%%%%%%%%%%%%%%.7 %%%%%%%%%%%%%%%%%%%%97.3 7B8 %%%%%%%%%%%%%%%%%%%63.68 %%%%%%%%%%%%%%%%%%%%%.7 %%%%%%%%%%%%%%%%%%%.7 %%%%%%%%%%%%%%%%%%%937.6 %%%%%%%%%%%%%%%%%% %%%%%%%%%%%%%%%%%%%%%86.8 %%%%%%%%%%%%%%%%%% 7.8 %%%%%%%%%%%%%%%,6.99 INCREASE%(DECREASE)%FEES %%%%%%%%%%%%%%%%%%%%%%.83 %%%%%%%%%%%%%%%%%%%%%.8 %%%%%%%%%%%%%%%%%%%%%.8 TOTAL%UNITS%(SUMMARY%8J9%FISCAL%YEAR) MAINTENANCE REAL%ESTATE%TAXES SEAWALL%RESERVE%SPECIAL%ASSESSMENT%//8 9 %%%%%%%%%%%%%%98, %%%%%%%%%%%%%%,88.8 %%%%%%%%%%%%%%, %%%%%%%%%%%%, %%%%%%%%%%%6,986.6 %%%%%%%%%%%%%8,83.8 %%%%%%%%%%%3,36.86 %%%%%%%%%%%9,6.9 3 %%%%%%%%%%%3,.3 %%%%%%%%%%%%%39,73. %%%%%%%%%%%3,9. %%%%%%%%%%%99,83.87 TOTAL %%%%%%%%%%%%%,37,7.7 %%%%%%%%%%%%%%%%%,87.6 %%%%%%%%%%%%%%%%%8, %%%%%%%%%%%%%,66,733.

16 JUPITER+REEF+CLUB+CONDOMINIUM+ASSOCIATION,+INC. PROPOSED+BUDGET+FOR+THE+FISCAL+YEAR BEGINNING+MAY+,+8+ENDING+APRIL+3,+9 PROPOSED+SALARIES CURRENTFY ADMINISTRATIVE+SALARIES MANAGER BOOKKEEPER GUESTSERVICESMANAGER OFFICEASSISTANTS HOUSEKEEPING+SALARIES HOUSEKEEPER MAIDSSALARIES MAINTENANCE+SALARIES MAINTENANCEMAN MAINTENANCEMAN ASSISTANTMAINTENANCE/PORTER EVENING+CLERK+SALARIES EVENINGCLERKS LAWN+MAINTENANCE+SALARY EMPLOYEE+BONUS TOTAL+SALARIES INCREASE/ FY78 BUDGETED PROPOSED 89 FICA.76 SUTA/FUTA. (DECREASE) SALARY 6,,8 3,68 7, 7,96, 7, 3,68 7, 8,98 3,8,3,6 8, , (,) (7,8) (9,8) 7, 7,, , 3,, 3, 7, 7,,393 3,378 3, 9,, 7,7 3, 9,, 78,,6,9,86 6, ,3,7 3, 37,, , 37,,869 8,, 8, 6,, 378 (,) 33,666 3,8 3,83 7, (3,8)

17 JUPITER6REEF6CLUB6CONDOMINIUM6ASSOCIATION,6INC. PROPOSED(BUDGET(FOR(THE(FISCAL(YEAR BEGINNING(MAY(,(8(ENDING(APRIL(3,(9 RESERVE TOTAL REGULAR SPECIAL TOTAL RESERVE REQUIREMENT CURRENT. FUNDING ASSESSMENT FUNDING 8%9 ASSESSMENT FUNDING 8%9 ****SEE.ANALYSIS.BELOW INTEREST. EARNED /3/7 $37,. $,3. $. $.9 $. $,9.9 3 $367,. $,78.7 $7,36.8 $7,36.8 $9,87. $,63. $. $7.87 $. $, $3,. $,.3 $,.3 $,.3 ELECTRICAL.RESERVE $8,7. $. $. $7. $. $8,797. $8,. %$797. $. $. LAUNDRY.ROOM $3,63. $,8. $. $. %$76. $8,63. $,. $3,37. $6,87. $6,87. $,. BALANCE /3/7 ROOF.REPLACEMENT BUILDING.PAINTING PLUMBING.RESERVE 7%8 RESERVE. BUDGET.ASSESSMENT.FUNDING ACTUAL EXPENDITURES /3/7 RECLASS PROJECTED EXPENDITURES %$,. ENDING. BALANCE /3/8 USEFUL LIFE REMAINING LIFE REPLACEMENT COST $7,. $,96. $. $.78 $. $9,73.78 $,. $3,86. $,. PAVING.&.RESURFACING $3,3. $. $. $8.73 $. $3, $,. %$, $. $. INTERIOR.REPLACEMENT $36,6. $6,77. $. $.93 %$36,.8 %$,.9 $86,96.99 VAR VAR $87,. $,39. $88,8.6 $88,8.6 $7,3. $,33. $. $.87 %$3. %$,.7 $,87. 7 $6,. $,9.8 $3,7. $3,7. $3. $,. $. $. %$,96. $93. 6 $,. $3,6.7 $,9.6 $,9.6 POOL.&.PATIO.FURNITURE. AIR.CONDITIONING.REPLACEMEN SEAWALL.RESERVE $883,86. $,. $387, $78. %$6,96. $,6, $,,. $3,73.9 $67,.38 $,. WINDOWS.&.SLIDERS $96,9. $9,7. $. $77.73 $. $6,9.73 $33,. $8,9.7 $9,.3 $9,.3 PATIO.RESURFACING $73,. $8,3. $. $8.7 %$,8. $7,66.7 $,. $9,337.8 $8,6.9 $8,6.9 BUILDING.SIDING $8,9. $3,9. $. $.3 $. $,3.3 3 $,. $97,96.7 $3,98.6 $3,98.6 POOL.RESURFACING $,88. $,6. $. $8.9 $3,. $9,7.9 6 $,. $,8. $,6.8 $,6.8 $,66,9. $36,9. $387, $,39.73 %$3,9.8 Interest $. SEAWALL.RESERVE BEGINNING BALANCE(//7 SEAWALL.RESERVE.ACCOUNT.//7 SEAWALL.SPECIAL.ASSESSMENT.//7 TOTAL FUNDING6FY689 SEAWALL.SPECIAL.ASSESSMENT.//8.REGULAR.ASSESSMENT.FUNDING.FOR.SEAWALL.RESERVE..FY.8%9 TOTAL $,7,7.7 $3,997,. SEAWALL RESERVE6ACCOUNT6SUPPORTING66ANALYSIS <<<<<<<<<<<<<<<<<<<,3.66 (FUNDING(AND(EXPENDITURE(DETAIL(FOR(SEAWALL(RESERVE( MAY((7(9(APR(3(8 %$9,79.8 FUNDING FOR<FY 78 INTEREST<EARNED /3/7 ACTUAL EXPENSE PROJECTED EXPENSES /3/8 /3/7 PROJECTED.SEAWALL RESERVE BAD<DEBT SPECIAL ASSESSMENTS //7/3/8 ENDING.BALANCE $883,86. $,. $78. %$6,96. $. $. /3/8 $,8,98. $. $7,37.6 $. $. $. $,33.88 $387, $883,86. $67,37.6 $78. $6,96. $. $,33.88 $,6,86.9 8, $,. %<ALLOWACE BAD<DEBTS SPECIAL<ASSESS. //7/3/8 $,3.9 $. Levied6//8 <SEAWALL< RESERVE<ACCOUNT FUNDING DURING<NEXT<FISCAL YEAR<89 $7,.38 $,. TOTAL: $67,.38 8%9 RESERVE(ACCOUNT(ANALYSIS(AND(BUDGET SEAWALL.SPECIAL $,879,79. $8,8.6 $39,36. $7,.38 $7,.38

18 JUPITER(REEF(CLUB(CONDOMINIUM(ASSOCIATION,(INC. PROPOSEDBUDGETFORTHEFISCALYEAR BEGINNINGMAY,8ENDINGAPRIL3,9 INTERIORREPLACEMENTBUDGET TOTAL //7 ACTUAL PROJECTED TRANSFERTO TRANSFERTO TRANSFERTO EXPENDITURES /3/7 WALLPAPER/PAINT /9/8 LIVINGROOM FURNITURE/9/8 DISHWARE /9/8 RESERVE CURRENT REQUIREMENT //8 FUNDING REQUIREMENT,.3 6,6. 8,9.8 9,9.66 3,3.79 7,666.9, , ,8.7,9.3 3, ,3.9,8.93, ,6.9,9.6 7,3.9 6,9.7,8.6,38. = NUMBER OFITEMS UNIT COST REPLACEMENT COST USEFUL LIFE REMAINING LIFE RESERVE REQUIREMENT RESERVE BALANCE FUNDING 7=8 EXPENDITURES /3/7 REFRIGERATORS STOVES DISHWASHERS ,6. 9,3.,686.,6. 9,3.,686. 3,.9,.6 8,.3,3.,.6,86.8,78.9 =,8.67 MICROWAVES TELEVISIONS 3 3 7,3. 7,7. 3,3. 7,7. 6., BEDROOMTELEVISIONS 3 6,. 6, LAUNDRYCENTER WATERHEATER 3 3, 6 3,. 8,6. 3,. 8,6. 9,.78,7.33 3,373.3,73.93,9. DISHWARE 3 6,. 6,. 36.7,33., LIVINGROOMFURNITURE DININGROOMFURNITURE 3 3,, 77,. 6,. 77,. 6,. 6,7.86,9.6, ,33.,.6 6,3., MASTERBEDROOM GUESTBEDROOM LAMPS&ARTWORK 3 9 3,, 6,. 3,., ,. 3,.,. 7,98.,99.9,6.89,6.8,.,7.6 3,7. 3,. = BEDSPREADS 7,7., =,63. 3, MATRESSPADS PILLOWS,LINENS,TOWELS&BLANKETS KINGMATTRESS ,7.,.,8. 9 3,7.,.,8. 3,7. 3,78. = =,87.,8. =, ,7.,6.6,8. =,93.9,3. =,96.97,8. TWINMATTRESS MIRRORWALLS 8 3, 7,. 3,. 9 7,. 3,. = 8, ,6. 7.,.33 6,8. 9, ,89.9 WINDOWTREATMENTS 3, 3,. 3,.,98.3,638.37,6. 8,3., CEILINGFANS CARPET/BEDROOM ,. 8,. 8,. 8,.,99.99,987.3,88.9 8, ,8.9 9,776.8,3.6 8, ,3.8 TILEFLOOR 3, 3,. 7 3,.,67.9,.89,.6,3.,688.8,9. WALLPAPER/PAINT DVD ,3.,. 3 9,3.,.,9.9,336.3, ,99.6 =, , , COUNTERTOPS BATHROOMCABINETS 3 3,.,.,.,. 8,66.7 6,3.9,6.9,3.97,78.3 9,97.,3.6,7.98 6,86.,36.9 3,3. KITCHENCABINETS 3, 3,. 76,6. 3,. 76,6., ,6., ,77 =, (6.9) 6,77.9 = 86,7,. 389,,.6 88,8.6,7..7,37.6 (,.) 6.9,687. (,.) (,7.7) (,33.78) (,33.78) 36,3,89.6,7.7 = = ENDING BALANCE/3/8 6,.,. (.) 77,. 9,3.7 37,67.8,. 9,366.8,6.,979., ,69.3,.96,7.7 6,838.6,.7, ,8.6