1. WELCOME TO THE PRINCETON VILLAGE HOMEOWNER’S ASSOCIATION, INC. SEMI-ANNUAL MEETING December 4, 2011

2. AGENDA  MISSION STATEMENT  WHY AN HOA IS IMPORTANT  HOA LIMITATIONS / CONSTRAINTS  CURRENT STATE OF AFFAIRS  PROJECTED 2012 FISCAL BUDGET  BOARD COMMITEES  VOTING ON COVENANT AMENDMENTS  CHRISTMAS PARTY  NEIGHBORHOOD WATCH  ADJOURNMENT

3. MISSION STATEMENT THE PRINCETON VILLAGE HOMEOWNER’S ASSOCIATION, A SELF-MANAGED HOA, SHALL PROMOTE A FRIENDLY FAMILY NEIGHBORHOOD ENVIRONMENT WHILE ASSISTING MEMBERS IN MAINTAINING THEIR INVESTMENT. THIS SHALL BE ACCOMPLISHED THROUGH VARIOUS PROGRAMS THAT SUPPORT A CLEAN CRIME FREE AND AESTHETICALLY PLEASING COMMUNITY.

4. WHY AN HOA IS IMPORTANT IT IS IMPORTANT FOR ALL OWNERS TO UNDERSTAND THE RESPONSIBLITIES OF AN HOA AS WELL AS IT’S LIMITATIONS. OUR RESPONSIBILITIES INCLUDE:  PROTECTING PROPERTY VALUES  FAIR ENFORCEMENT OF THE DECLARATION OF COVENANTS  SETTING AND COLLECTING HOA ASSESSMENTS  MAINTENANCE OF POOL AND COMMON AREAS  PROVIDING A CENTRALIZED POINT OF CONTACT

5. HOA LIMITATIONS / CONSTRAINTS  HOA HAS NOTHING TO DO WITH TAX ASSESSMENTS  MORTGAGES  ANY LEGAL ACTION PLACED AGAINST YOUR PROPERTY BY OTHER CREDITORS  PERSONAL DISPUTES OUTSIDE OF VIOLATIONS ASSOCIATED WITH THE HOA COVENANTS

6. 29 OUT OF 31 MEMBERSHIP LOTS OCCUPIED 75% FINANCIAL COMPLIANCE 100% INSURED - NATIONWIDE INSURANCE PUBLIC SAFETY ISSUES ADDRESSED IN 2011 - SPEED LIMIT SIGNS - CUTTING BACK GRASS IN COMMON AREAS - SECURED COMMUNITY ASSETS CURRENT STATE

7. Performance Report 2011

8. PERFORMANCE REPORT HOA ASSESSED A PRORATE OF $168 PER HOUSEHOLD FOR CY 2011 THE ANTICIPATED REVENUE WAS *$4032 BASED ON 24 ACTIVE HOMES FOR THE PRORATED MONTHS OF SEPTEMBER THRU DECEMBER. * amount contingent upon 100% participation with paying pro-rated assessments ** CURRENTLY OPERATING AT 78% PARTICIPATION FOR 2011 DUES **

9. PERFORMANCE REPORT 2011

10. PROJECTED BUDGET 2012

11. VISION To manage and maintain financial records in conformity with generally accepted accounting principles and in compliance with state and federal laws. To develop and maintain effective and efficient financial planning, reporting and central support systems in order to support the operating committees in achieving their program objectives. To provide quality service to the residents while safeguarding the community’s assets.

12. SWOT ANALYSIS  Strengths  Weaknesses  Opportunities  Threats

13. S. W. O. T. STRENGTHS -A self managed community allows us to better manage the revenue more efficiently and effectively -Directors who reside in the community have more of a vested interest in enhancing the community with which we live

14. WEAKNESSES -Lack of participation (i.e. Meetings, HOA dues, and Volunteering) -Lack of communication with Board S. W. O. T.

15. OPPORTUNITIES -Fundraisers to generate additional revenue will empower us to expand on what we are able to do in our community as well as achieve our yearly goals and objectives. S. W. O. T.

16. THREATS -Delinquencies severely impacts our ability to have the required resources to complete the necessary repairs, maintenance and enhancements suggested for the betterment of our community. -Non-compliance to community covenants and bylaws resulting in unnecessary fines. S. W. O. T.

17. 2012 HOA DUES HOA fees assessed at $500 per household for 2012 and will be due in full by March 1,2012 Anticipated 2012 dues expected based on 2012 assessment  * $13,500 (500 x 27 active homes) * amount contingent upon 100% participation on paying 2012 HOA assessments

18. FINANCIAL PERSPECTIVE

19. 2012 BUDGET PLANNING PLANNED ACTIVITIES FOR 2012 IMPLEMENTATION:  Pool repairs  Get utilities (Pool/Tennis area) turned on in HOA’s name  Secure regular maintenance vendors for Pool & Common areas

20. BOARD COMMITTEES

21. We are looking for volunteers for the following committees: Fundraising Maintenance Pool Committee

22. VOTING ON COVENANT AMMENDMENTS

23. CHRISTMAS PARTY The Princeton Village 3 rd Annual Christmas Eve Celebration will be held on: December 24, 2011 I will be collecting the slips from those that will be participating in the festivities, please return your gift selection sheet to Tanya. - Also - Use provided signup sheet to list the dish you will bring to the festivities. Let’s make this one our BIGGEST one yet!!! See you there.

24. NEIGHBORHOODWATCH

25. ADJOURNMENT