1. Littlerock Fire Station June 11, 2012 7 pm

2.   History of HOA Dues  Where Our Dues Go  FOD Expenses in $s  Where Our Dues Will Go  Summary Agenda

3.   2005 - $576 / year  2006 - $600 / year + $100 special assessment  2007 - $660 / year History of HOA Dues

4.  Where Our Dues Go

5.  FOD Dues & Expenses

6.   Inflation and increased fixed costs such as professional fees, insurance and utilities  Contract labor – special projects  Foreclosures resulting in lien filing fees  Equipment maintenance Why Have Our Costs Increased?

7.   72,449: : Projected expenses for 2012  $14,000 (minimum)- Capital improvements required in the next 3 years  Equipment replacement  Removing remaining sprinklers off potable water source  Landscaping common tracts  Building emergency fund Where Our Dues Will Go

8.   FOD Expenses have increased beyond current dues  Board has decided to increase dues to cover expenses and Capital Projects  We are raising dues to $840/year or $70/month beginning July 1, 2012  Currently $660/year or $55/month  This will bring our income up to $83,160/year  Inline with projected expenses and capital projects Summary