CENTENNIAL GLEN HOA

2014 ANNUAL MEETING

NOVEMBER 4, 2014

AGENDA Election of 2015 Board of Directors

Current Board and Architectural Committee

Neighborhood Watch Presentation

2014 Accomplishments and Financial Results

2015 Goals/Projects

2015 Budget and Annual Dues

Other

Q&A

Election results/Adjournment

2014 Accomplishments

Neighborhood Directory completed

Established Neighborhood Watch program

Completed another phase of xeriscaping project

Added decorative plants/bushes to previously xeriscaped areas

Coordinated with Robertson’s to replace plants/trees/bushes for individual homeowners

Replaced dead and missing trees/bushes in common areas

Reviewed HOA insurance coverages and negotiated lower premiums

Recovered cost of damages caused by vehicle running into fence – Approx. - $2,500

2014 Financial Results

MAJOR EXPENSES

$38,871

$44,777

$37,009

$43,541

$14,293

$4,764

$10,000

$1,076

$53,164

$49,541 $47,009

$44,617

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

2011 2012 2013 2014

Robertson’s Landscaping Expense Comparison

2011-2014

Landscape Expense Xeriscape Project Grand Total

2014 Data

projected

through

12/31/2014

$23,978

$15,340

$15,963

488,587

267,315 265,818

0

100,000

200,000

300,000

400,000

500,000

600,000

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

2012 2013 2014

Water Expense Water Usage (Cubic Feet)

Water Expense and Usage (Cubic Feet)

Water rates increased

22.5% from 2012

to 2014 – at 2012

rates 2014 costs

would be $12,371

2014 amounts

are for the nine

months ended

9/30/2014

2015 Goals/Projects

Update Covenants/Bylaws

Establish long-term strategic plan – Reserve Study

Update Neighborhood Directory

Investigate measures for water conservation

Complete 2014 Projects

Street issues

Issues with Greenlands Reserve Address concerns with wire fence that separates houses from

Reserve property

Noxious weed removal from Reserve Property

Centennial Glen HOA

2015 Budget

2014 Jan-Sep 14 Oct-Dec 14 Projected 2015

Ordinary Income/Expense Budget Actuals Projected 2014 Actuals Budget

Income

Homeowner Dues 88,620$ 66,840$ 22,155$ 88,995$ 88,800$ /1

Interest Income 35 29 9 38$ 36

Total Income 88,655$ 66,869$ 22,164$ 89,033$ 88,836$

Expense

Accounting 625$ 492$ 225$ 717$ 625$

Bank Service Charges 30 63 8 71 30

Block Party 0 61 0 61 100

Fees & Licenses 20 10 0 10 10

Insurance 1,015 625 0 625 700

Landscaping

Xeriscaping Project/Common Area trees/bushes10,000 0 1,076 1,076 0

Landscaping - Other 41,824 29,269 14,274 43,543 42,000

Total Landscaping 51,824$ 29,269$ 15,350$ 44,619$ 42,000$

Legal Fees -$ -$ -$ -$ 5,000$ /2

P. O. Box Rent 124 128 0 128 130

Postage 23 24 0 24 35

Security 0 452 250 702 1,000

Supplies 50 66 50 116 130

Tax Preparation 500 500 0 500 500

Trash Service 8,200 6,245 2,100 8,345 8,400

Utilities

Electric 1,500 1,159 386 1,545 1,560

Water 20,755 15,962 2,050 18,012 22,831 /3

Total Utilities 22,255$ 17,121$ 2,436$ 19,557$ 24,391$

Total Expense 84,666$ 55,056$ 20,419$ 75,475$ 83,051$

Net Ordinary Income 3,990$ 11,813$ 1,746$ 13,558$ 5,786$ /4

/1 Revenues are based on dues level of $160 per month. Same as 2014

/2 Legal assistance with update of covenenants and bylaws.

/3 2014 budget amount increased 10% for anticipated increase in water rates.

/4 Any net income will be transferred to capital reserve fund

Other

Covenants – Issues Trash receptacles – left out over night – should only be out

on pickup day which is Wednesday

Garage doors being left open – for security purposes they should not be left open for extended period of times

Gardening tools, bags of fertilizer and top soil being stored outside – these items need to be stored inside when not being used

Any changes to the exterior of your house should be approved by the Architectural Committee

Care of lawns, trees and bushes in the winter - please water on warm winter days – this will maintain the health and prevent winter kill due to sunny dry winter weather

Questions???

Election Results and Adjournment