1. Brentwood of Palatine Condominium Board Meeting 12.27.2006 Budget discussion and open forum Annual election schedule Update on gate referendum Call to order – 11.22.06 minutes approval – Financial Report – 2007 budget approval – Contracts (Jani-King, JTW, Northwest Recovery, Redmonds Towing) – Work orders, Alterations, Violations Executive Session Adjourn

2. 2007 Budget Summary Assessments virtually unchanged No Special Assessments planned Re-allocation of finite resources – Reduction in operating & Administrative Expenses – Increase in Maintenance Greater self-reliance Capitol Investments – Roofs – Laundry Equipment – Lighting – Carpeting – Painting

3. Budget Specifics

4. Budget Specifics cont.

6. 3 Year Comparison 200520062007 Total Income623704632602648810 Total Expenses648771614794648810 See Detailed Budgets

7. Timeline Information September 28 th - New Board elected October 10 th - No records turned over, 1 st communication from Association Attorney – October 27 th – Non-financial documents returned to Association Nov 22 nd – In person request from PSI to former Board member Nov 27 th – 2 nd communication from Attorney – Dec 7 th - Checkbook turned in to Attorney – Dec 11 th – 2 monthly account ledgers turned in to PSI Dec 13 th – 3 rd and final communication from attorney prior to filing civil suit – Dec 21 st – Receipts, invoices, monthly account ledgers turned in to attorney

8. Executive Session Board Business – Approval of Minutes – Contract Approvals Thank you all for your involvement and attendance this evening