OPERATING AND WATER SYSTEM BUDGET REVIEW TRAVOIS HOMEOWNERS ASSOCIATION, INC. ANNUAL HOMEOWNERS MEETING DECEMBER 8, 2015

2015 WATER OPERATIONS BUDGET Travois Homeowners Association, Inc.2 Actual through NOVBudget Water Income $47,047$35,000 Residual from 2014 $29,665 Withdrawal from the water fund$31,000 Total Water Funds Available$107,712$95,665 Water Expense Bookkeeper $1,925$3,600 Insurance $1,330$1,250 IREA Electric $6,415$9,000 IRS Taxes 1,811$1,700 Meter Reading and Billing $2,750$2,000 Bill Mailing $204$300 System Improvements* (includes work budgeted but not performed in 2014 $79,227 $75,540 SW Storm Water $20 Tax Preparation $926$1,000 Taxes Colorado $330$625 Water Operator $825$900 Water Testing $1,168$1,150 $96,931$95,665

2016 WATER OPERATIONS BUDGET IncomeBudget Water Income$ 40,000 Draw from Fund 12,170 Total$ 52,170 ExpensesBudget IREA (Electric)$ 7,000 BOOKKEEPING 2,100 WATER OPERATOR 900 WATER TESTING 1,150 METER READING & BILLING 3,000 BILL MAILING 300 INSURANCE (GENERAL) 1,350 TAX PREPARATION 1,000 ST. OF COLORADO (GENERAL TAXES) 500 IRS (TAXES) 1,700 SW STORMWATER FEES (OUTLOT A) 20 SYSTEM IMPROVEMENTS 34,150 TOTAL $ 52,170 Travois Homeowners Association, Inc.3

OPERATIONS BUDGET 2015/2016 Per Annum Dues Lots Amount Revenue Budget2014 Revenue Actual $ $230 $ 11,960 $ 11,960 Expense Item 2015 Expense Budget Expense Actual 2016 Budget Through November Meeting Rooms $ 275 $ 246 $ 275 Insurance 1,400 1,373 1,400 Legal 2,100 3,622 3,500 Office supplies Postage Social Events State Fees Storage THOA Property Maintenance6,000 2,945 4,845 Utilities Web Site and Internet Total Expenses $ 11,960 $ 9,853 $ 11,960 Travois Homeowners Association, Inc.4

TRAVOIS COMBINED BALANCE SHEET 11/30/2015 Travois Homeowners Association, Inc.5 Pershing Fund Balance 1/13$409,739 Withdrawal 30,000 Gain 39,018 Balance 1/14$416,957 Withdrawal 0 Gain 9,987 Balance 1/15$426,944 Withdrawal 31,000 Gain -7,434 Balance 11/15 $388,510

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