Homeowners’ Homeowners’ ForumForum

March 7, 2009March 7, 2009

January StatementsJanuary StatementsChecking AccountChecking Account

January StatementsJanuary StatementsSavings AccountSavings Account

February StatementsFebruary StatementsSavings AccountSavings Account

February StatementFebruary StatementChecking AccountChecking Account

Increase = $6,601.47

Current Balances - Current Balances - checkingchecking

Current Balances - Current Balances - savingssavings

Current Balances - debitCurrent Balances - debit

Current Balances – as of Current Balances – as of 3/6/093/6/09

Checking - $27,557.36Checking - $27,557.36 Debit - $188.89Debit - $188.89 Savings - $27,215.92Savings - $27,215.92

Total Funds - $54,962.17Total Funds - $54,962.17

January ExpensesJanuary ExpensesJanuary ExpensesJanuary Expenses

AmenitiesAmenities 1,5191,519

General MaintenanceGeneral Maintenance 8,0898,089

EquipmentEquipment 00

ImprovementsImprovements 5,8755,875

LandscapingLandscaping 565565

Office ExpenseOffice Expense 701701

Administrative ExpensesAdministrative Expenses 948948

UtilitiesUtilities 3,7023,702

Total ExpensesTotal Expenses 21,399 21,399

January IncomeJanuary Income

Monthly FeesMonthly Fees 29,562 29,562

Extra IncomeExtra Income 226 226

Total IncomeTotal Income 29,788 29,788

Net IncomeNet Income 8,3888,388

February ExpensesFebruary ExpensesFebruary ExpensesFebruary Expenses

AmenitiesAmenities 5050

General MaintenanceGeneral Maintenance 3,7883,788

EquipmentEquipment 254254

ImprovementsImprovements 13,30113,301

LandscapingLandscaping 00

Office ExpenseOffice Expense 9797

Administrative ExpensesAdministrative Expenses 11,81511,815

UtilitiesUtilities 6,6086,608

Total ExpensesTotal Expenses 35,912 35,912

February IncomeFebruary Income

Monthly FeesMonthly Fees 27,538 27,538

Extra IncomeExtra Income 102 102

Total IncomeTotal Income 27,640 27,640

Net IncomeNet Income (8,272)(8,272)

Administrative ExpensesAdministrative Expenses

Jan Feb

Administrative Fees - Accounting 35

Administrative Fees - Bank Fees 6

Administrative Fees - CAI 0

Administrative Fees - Dues and Subscriptions

Administrative Fees - Insurance 10,654

Administrative Fees - Legal Fees 0

Administrative Fees - Management Fees 948 0

Administrative Fees - Security Fees 1,120

Total Administrative Fees 948 11,815

Amenities ExpensesAmenities Expenses

Jan Feb

Amenities - Clubhouse Repairs/Improvements 220

Amenities - Dog Park 50

Amenities - Hot Tub Chemicals, Cleaning & Repairs 30

Amenities - Pool Cleaning, Closing, Permits 910

Amenities - Social Events

Amenities - Website 359

Amenities - Wellness Center

Total Amenities 1519 50

Equipment and Supplies Equipment and Supplies ExpensesExpenses

Jan Feb

Fuel for Equipment

Equipment & Materials and Supplies 254

Total Equipment 0 254

Extra IncomeExtra Income

Extra Income

Jan Feb

Ad Revenue 24 0

Clubhouse Rentals 200 100

Election Revenues  

Interest Income 2 2

Late Fees  

Pool Cards  

Tennis Court Keys  

2009 Extra Income 226 102

Income from FeesIncome from Fees

JanuaryJanuary 29,56229,562

FebruaryFebruary 27,53827,538

Nominally, income should be $31,080 per month

•Some are delinquent

•Some have paid months in advance

General MaintenanceGeneral Maintenance

General Maintenance

Jan Feb

Maintenance - Common Hallway Cleaning 525 800

Maintenance - Fire & Safety

Maintenance - Grounds and Building 2940 655

Maintenance - Asphalt Repairs

Maintenance- Building Repair & Paint 295 2,108

Maintenance- Garage Repair 3600 75

Maintenance- Gutters 639 151

Maintenance- Lighting Repair

Maintenance- Locks and Keys

Maintenance - Pest Control 90

Total General Maintenance 8,089 3,788

Improvements

Jan Feb

Improvements - Carpet Replacement

Improvements - Electrical Power Upgrades 5400 11,700

Improvements - Fire Doors

Improvements - Garage Painting & Restoration

Improvements - Entry Painting & Restoration 351

Improvements - Lighting Repairs & Replacements 475 1,250

Improvements - Pool Repair &Furniture

Total Improvements 5,875 13,301

ImprovementsImprovements

Landscaping

Jan Feb

Landscaping - Lawn fertilization    

Landscaping - Lawn Mowing, Trimming and Blowing    

Landscaping - Leaf Removal 100  

Landscaping - Pond Fountains - Cleaning & Treatments    

Landscaping - Snow Removal & Supplies 465  

Landscaping - Tree Damage & Removal    

Total Landscaping 565 0

Landscaping ExpensesLandscaping Expenses

Office Expense

Jan Feb

Office Expense - Postage 225 15

Office Expense - Office Supplies 476 82

Office Expense - Newsletter

Total Office Expense 701 97

Office ExpensesOffice Expenses

Utilities

Jan Feb

Utilities - Electric Bill 3442.76 6,474

Utilities - Phones and Internet Bills 119 123

Utilities - Storm Drain Management

Utilities - Water bill 140 11

Total Utilities 3,702 6,608

UtilitiesUtilities

Communication with Communication with VECHOA BoardVECHOA Board

Office Phone – 291-4916Office Phone – 291-4916 Email: Email: vechoa@sbcglobal.netvechoa@sbcglobal.net Request and Suggestions formRequest and Suggestions form Process for Homeowner’s to Request Process for Homeowner’s to Request

HOA DocumentsHOA Documents Website: Website: www.vechoa.comwww.vechoa.com Call Board members directlyCall Board members directly

Communication with the Communication with the VECHOA BoardVECHOA Board

Kim Timmis – President – 840-9274Kim Timmis – President – 840-9274 Steve Whittaker – 513-907-4644Steve Whittaker – 513-907-4644 Bryant Whitfield, Treasurer – 298-Bryant Whitfield, Treasurer – 298-

41034103 Heather Lezotte, Secretary – 709-Heather Lezotte, Secretary – 709-

93869386 Jerry Salluom – member at largeJerry Salluom – member at large

CollectionsCollections

2 missing unit owners $12,2532 missing unit owners $12,253 2 units in probate - $4,3092 units in probate - $4,309 3 units in foreclosure - $5,7733 units in foreclosure - $5,773 7 unit owners with payment 7 unit owners with payment

arrangementsarrangements 3 of these going to attorney3 of these going to attorney

3 unit owners with our attorney- 3 unit owners with our attorney- $13,423$13,423