1. Victorian Court Condo Association Annual Meeting Victorian Court Board: John Scot Mary DiPietro Stephen Petrangelo Dawn Cummings www.victoriancourtri.com

2. AGENDA  Call Meeting to Order  Old Business: 1. Notes of 2012 Meeting  New Business: 1. Repair and Maintenance Projects 2. Budget Analysis for 2014 3. Present 2014 Budget 4. 2013 Year End Assets 5. Appointment of Officers/ Elections  Open Forum  Adjourn Meeting www.victoriancourtri.com

3. Maintenance & Repair Projects 2013 Completed Projects Repair and Paint Victorian Court Entrance Sign Sand and Paint Brackets for 200,300,400 Bldg Front Decks Sand and Paint Railings for 200,300,400 Bldg Front Entrances Paint and Stain Front Decks and Railings on 100 Bldg New Front Porch Lights for 100 Bldg Replaced Mulch Bed Behind 100 Bldg with Decorative Rocks Landscaped the Center Island in Parking Lot 2014 Upcoming Projects Replace Rear Decks on 200 Bldg Replace Rear Decks Behind 100 Bldg Replace Fencing Around Entire Property (SPRING) Repave the Entire Parking Lot (FALL) Heat Sensors Installed to the garages of the 200 Bld Dumpster Recycling Project www.victoriancourtri.com

4. Budget Analysis 2013 Budget2013 Acutal2014 Budget Revenue 4 Mos @ $240, 8 Mos @ $250 Association Fees $ 80,360 $ 80,360.00 $ 82,880.00 Late Fees Fees $ - $ 720.00 Expenses Tax Prep $ 1,200 $ 1,200.00 Bank Fees $ 60 $ 37.00 $ 40.00 Exterminator $ 825 $ 1,950.00 $ 825.00 Gutter Cleaning $ 1,500 $ 10.00 $ 3,000.00 Insurance $ 11,340 $ 8,514.00 $ 10,451.00 Landscaping $ 15,500 $ 13,127.00 $ 13,115.00 Lawn Chemicals $ - $ 1,317.00 $ 1,300.00 Legal Services $ 500 $ - $ 500.00 Management Fees $ 6,000 $ 6,000.00 Miscellaneous $ 800 $ 1,200.95 $ 800.00 Postage/Office Expense $ 320 $ 172.00 $ 150.00 Repairs & Maintenance $ 7,230 $ 10,330.00 $ 7,000.00 Snow Removal $ 8,500 $ 8,200.00 $ 8,500.00 Electric (Utilities) $ 1,140 $ 1,043.00 $ 1,050.00 Waste Disposal $ 3,900 $ 3,900.00 Reserve Funds Special $ 6,420 $ 6,420.00 $ 6,703.00 Paving $ 17,620 $ 17,620.00 $ 18,346.00 SUB TOTAL: $ 82,855 $ 80,561.00 $ 82,880.00 Net 2012 Profit $ (2,495.00) TOTAL: $ 80,360.00 $ 80,560.95 $ 82,880.00

5. 2013 Year End Assets ACCOUNT TYPEBALANCE Checking Account $ 12,493.60 Savings $ 6,573.80 Repairs (PAVING) $ 56,383.25 Siding Savings $ 6,588.34 Special Reserve Savings $ 65,289.60 Accounts Receivable $ 833.84 Total Assets $ 148,162.43 www.victoriancourtri.com