SKY LAKES SECTION II ANNUAL HOME OWNER’S MEETING 2015 Date: January 26, 2015 Time: 7:00 p.m. Where: Hockley Community Center

Welcome SKY LAKES SECTION II ANNUAL HOME OWNER’S MEETING 2015 Date: January 26, 2015 Time: 7:00 p.m. Where: Hockley Community Center

WE ASK THAT YOU PLEASE TURN OFF OR SILENCE YOUR CELL PHONES AT THIS TIME 2

INTRODUCTION OF BOARD MEMBERS Name Elected Positions Time Served Helen Hogan President March 2011 March 2011 - Present Kyle Stone Vice President September 2014 September 2014 - Present Natalie McKnight Secretary March 2012 March 2012 - Present Ann Goff Webmaster June 2013 - September 2014 Treasurer June 2013 - Present Carla Kopech Sandy Roberts Bookkeeper June 2013 3

Community website and Email www.skylakes.com Reference information available online Building Committee and Water Supply Board Email notifications Use of property owners contact info limited Community news Blog Send suggestions or requests to contact@skylakes.com

Election of officers Ann Goff David Haynes Carla Kopech Natalie McKnight Tim Sitton 2015 Building Committee Board

Profit & Loss Jan – Dec 2014 Jan – Dec 2013 INCOME Maintenance Fees $4,117.51 Interest $20.09 Late Fees $0.00 Lot Mowing $48.00 Other Income $410.08 Misc Income $0.91 Total Income $4,596.59 EXPENSES Attorney $1,611.39 Community Events $5.44 Computer & Internet Expenses $25.55 Insurance $3,869.83 Legal Fees $74.00 Office Supplies $180.63 Postage & Delivery $338.03 Professional Fees $610.30 Utilities $2,435.08 Vacant Lot Maintenance Total Expenses $9,198.25 Net Ordinary Income -$4,601.66 INCOME Maintenance Fees $11,110.74 Interest $20.05 Late Fees $27.95 Total Income $11,158.74 EXPENSES Community Events $100.00 Computer & Internet Expenses $257.13 Insurance $3,610.83 Legal Fees $311.00 Office Supplies $15.11 Postage & Delivery $88.01 Professional Fees $455.00 Software $193.04 Utilities $2,405.57 Total Expenses $7,435.69 Net Ordinary Income $3,723.05 5

Treasurer’s Report Beginning Balance January 1, 2014 $7,658.49 Credits: Maintenance Fees 2014 $5,113.26 2015 $2,101.71 TOTAL CREDITS $7,214.97 Debits: Mowing $48.00 P.O. Box Rental $34.00 Bookkeeping Fees $455.00 Computer Fees $25.55 Insurance $3,869.83 Office Supplies & Signs $186.07 Postage & Delivery $304.03 Professional Fees $159.00 Legal Fees $1,611.39 Filing Fees $74.00 Utilities $2,239.73 Refunds $293.45 TOTAL DEBITS $9,300.05 Ending Balance December 31, 2014 $5,573.41 Savings Account Balance $10,034.05 6

2015 Budget Category Description 1/15 – 12/15 TOTAL INCOME   Maintenance Fees (Projected) $6,500.00 Interest $20.00 Late Fees $0.00 $6,520.00 EXPENSES Community Events $100.00 Computer & Website Hosting Fees $150.00 Insurance $3,900.00 Legal Fees Office Supplies $250.00 Postage & Delivery Professional Fees $800.00 Software Utilities $2,250.00 $7,600.00 8

2014 Board Activities  First Building Committee Meeting was held February 17, 2014 Elected Officers Approved submitted requests for shed, driveway extension, boat garage, 3 new homes and 1 fence 12 meetings were held during 2014 (scheduled to meet 3rd Monday of every month), one special meeting held Accepted resignations from Shelton Wakefield and Sandy Kitterman Hired attorney to research deed restrictions and provided guidance on maintenance fee increase and maintenance fees imposed by airport property owner Scheduled special meeting to address maintenance fee increase policies and procedures and issued an addendum to Sky Lakes II deed restrictions Mailed letter in July regarding approval of maintenance fees and generated modified maintenance fee invoices reflecting credit balances Mailed letters for 2015 meeting Billed 2015 Maintenance Fees; committee members handled the mailing of invoices Requested bids on insurance policy; received only one bid and one no bid due to liability risk. Accepted AIA insurance bid. 9

Golf course sale status Sale of the golf course is under contract and expected to close April 15

SKYLAKES SECTION II SUCCESSOR BUILDING COMMITTEE MEETINGS A meeting is held the third Monday of every month and everyone is welcome to attend. We simply ask that you call and/or email one of the Board Members prior to the meeting, in the event of a location change. You may contact us at contact@skylakes.com if you would prefer. 10

QUESTIONS & ANSWERS TIME 16

MEETING IS ADJOURNED 17