Homeowner Meeting April 11, 2012

Ken Waterman President Steve LunderganTreasurer Sue HaverstickSecretary Patty FergusonCommittee Member Rich DurbinCommittee Member Kevin HunterCommittee Member Mike GaballyCommittee Member

2011 Results Revenues $117, Operating Expenses$ 87, Gross Income$ 30, Project Costs$ 52, Net Deficit for 2011 $ 22,790.99

Pool Improvements  Pool Surface Concrete Repairs $ 7,  Deposit For Pool Surfacing $ 1,  Chemical Tanks/New Pad $ 3,  New Pump $ 7,  New Electric Wiring Throughout$ 3,  Re-plumb Pool Room And Baths $  New Locks For Pool $ Total Pool Improvements $ 25,536.05

Entrance Improvements $ 16, Cul-de-sacs/Pool/ Tennis (26 areas)$ 11, $ 27, Average per area was $ Total 2011 Project Costs=$52,922.08

 Pool Bottom Plastered$ 35,  Retention Basin Repaired$ 17,  Tennis Courts Repaired$ 12,  Parking Lot Sealed$ 2,  Completion of Cul-de-sacs$ 3, Total Project Costs $ 69,700.00

2012 Budget Revenues $117,709 Operating Expenses$ 93,130 Gross Income$ 24,579 Project Costs$ 69,700 Net Deficit for 2012$ 45,121

 At 12/31/2011 ◦ Ending operating surplus at 12/31/11 $18, ◦ CD #1 - 11/06/ % $40, ◦ CD #2 - 11/10/ % $12, ◦ CD #3 - 05/26/ % $12, ◦ Checking Account #1$25, ◦ Checking Account #2 $ 4, ◦ Capital Reserves at 12/31/2011 $112, Net Deficit - $45, Anticipated Reserves at 12/21/2012 $67,605.18

 The 2011 & 2012 re-investment in Timberwood Trails will be $122,622.  At December 2012, Capital Reserves will be depleted to approximately $67,605.  Reserve Reimbursement Plan to be implemented in January of  By December of 2014 our minimum goal is to replenish reserves back to over $100,000.

 Social Committee ◦ Chair – Heather Mellor  2012 events  Welcome Wagon  Pool Committee ◦ Co-Chairs – Ken Waterman & Kevin Hunter  2012 Hours: Sun – Thurs 11 to 8pm / Fri - Sat 11 to 10pm  Pool Cards & Emergency Contact Forms  Rules  Tennis Court Oversight

 Website ◦ Calendar ◦ Registrations  Gmail ◦ Distribution list is now at 156  Signage at Entrances