Landen Meadows HOA Annual Meeting 2016 Calendar Year Summary Accomplishments Issues & Challenges Social Committee Help from community members is driving more events Pool drain installation Update of LM website Community Volunteers Planned Tree Charlotte Event Communication We want to continue increasing the level of communication between board and community Budget/Spending $8,189 under budget for 2016! Reserve Funding Large amount of open AR is hampering our ability to fund our reserve like we need to Communications Need LM resident to help with coordination and disbursement of Newsletter Must budget for large future repairs: Playground Pool refinish & pump replacement Pool Bathrooms Pool Bungalow refinishing Pool parking lot Tennis court

Board/Community Communication Annual Meeting Face to Face – Board and Community Town Hall Meeting New Website Modern Format/Curb Appeal Informative User Friendly On-going, please be patient Need assistance with content NextDoor and Facebook Tools for communication Abuse Appearance/Home Value Freedom of Speech

Community Involvement Annual Meeting Increase in Community Member Participation Direct Expense Reduction Pool umbrella repairs – Savings of $750 Creek Tree Removal – Savings of $900 Trees Charlotte event – Savings of $1840 It is exciting to see so many people taking an active role in their community and are working to make it better!

Landen Meadows HOA Annual Meeting 2017 HOA Fee Goals Reserve Study $30,000.00 Reserve Funds Transferred Annually Avoid Special Assessments Address many aging common area components Community is over 25 years old Keep in line with annual HOA fees for similar 28277 communities: Raeburn $580 (Current) - $530 (2015) Thornhill $540 (Current) - $480 (2015) Results Increase in dues from $480 to $490

374 Total Homes x $10 Revenue = $3,740 increase Landen Meadows HOA Annual Meeting 2016 Major Expense Comparison & Plans 374 Total Homes x $10 Revenue = $3,740 increase Expense 2016 Budget 2017 Budget % Change Management Company $20,106 $20,100 0% Pool Management $36,000 Landscaping $31,512 $31,518 Reserve Transfer $30,000 TOTAL $117,618 Proposed 2017 plans: - Entrance plantings renovation (includes fence repair on Rea Rd) - Pool furniture repair - Playground replacement

Landen Meadows HOA Annual Meeting 2017 Community Improvement Plans Landen Park Better use of field on Newton Lane Addition of soccer goals, disc golf goals, etc… Playground replacement Playground showing age Not ADA compliant – unable to repair

Landen Meadows HOA 2016/17 comparative budget   Revenues 2016 budget 2017 Budget Association Assessments $ 179,520.00 $ 183,260.00 Swim Team Income $ 3,650.00 Late Fees & Interest $ 500.00 Interest received on investments $ 12.00 Total Revenue $ 183,682.00 $ 187,422.00 Expenses Electricity - General Usage $ 12,000.00 Water/Sewer - General Usage $ 14,000.00 $ 20,000.00 Telephone $ 528.00 $ 600.00 Management Fees $ 20,106.00 $ 20,100.00 Violation Notices $ 2,000.00 Postage/Delivery Audit/Tax Preperation $ 275.00 Website Fees $ 200.00 $ 420.00 Meeting Expense Legal/Collection Fees $ 700.00 Permits/Licenses/Fees $ 300.00 Property Insurance - Policy/Premium $ 3,057.00 Social Committee $ 3,000.00 $ 3,600.00 Pool - Contract $ 36,000.00 Pool - Repair & Maintenance $ 1,604.00 $ 4,000.00 Pool - Passes/Supplies/Furniture $ 2,500.00 Swim Team Expense $ 4,200.00 Athletic Court - Repair & Maintenance $ 1,000.00 Sidewalk - Repair & Maintenance Maintenance - General Landscape - Contract $ 31,512.00 $ 31,518.00 Landscape - Improvements Landscape - Repairs & Maintenance Landscape - Seasonal $ 6,000.00 Bad Debt $ 1,200.00 Reserve Transfer $ 30,000.00 $ 24,252.00 Total Expense Net Income $ - Assets Accts Receivable $ 21,041.12 Landen Meadows FCB operating x6422 $ 38,759.25 Landen Meadows FCB reserves x7311 $ 58,608.65 Total Assets $ 118,409.02 Liabilities Accts Receivable over collected $ 2,558.00 Accs payable - Net total $ 187.27 Total Liabilities $ 2,745.27 Net Worth Current operation funds $ 81,705.43 General Reserves $ 21,426.00 Swim Team Reserves $ 4,083.00 Net Income $ 8,449.32 Total Net Worth $ 115,663.75 Total net worth and liabilities