Ravensway Saracen Park Home Association

Ravensway Saracen Park It costs a lot to run a neighborhood  Administrative expense $67,080  Amenities operations  Community Services $127,700 $118,100   Capital improvements Delinquency collection $40,000 $12,900  Deed restriction enforcement $15,500 2006 budgeted expenses $453,280

Ravensway Saracen Park It costs a lot to run a neighborhood Where does the money Go?

Ravensway Saracen Park Administrative cost 2006

BANK CHARGES BILLING & ACCOUNTING CPA & AUDIT FEES D&O LIABILITY DONATIONS DUES & SUBSCRIPTIONS FEDERAL TAXES LEGAL FEES MANAGEMENT FEES MISCELLANEOUS OFFICE SUPPLIES POSTAGE PRINTING & COPIES PROPERTY TAXES PROP/LIAB INSURANCE 350 8,600 1,825 3,100 175 50 100 10,000 7,000 500 800 2,800 1,700 80 30,000 $67,080

Ravensway Saracen Park Amenities Operations 2006

CLUBHOUSE OPERATIONS CLUBHOUSE REPAIRS ELECTRICITY ACTIVITIES EXPENSE STABLES EXPENSE SWIM TEAM EXPENSE GENERAL SUPPLIES LANDSCAPE CONTRACT LANDSCAPE - OTHER OTHER REPAIRS PEST CONTROL - AMENITIES PLAYGROUND REPAIRS POOL MANAGEMENT POOL REPAIRS POOL SUPPLIES TELEPHONE TENNIS COURT REPAIRS WATER & SEWER 10,000 8,000 8,400 3,000 0 0 700 29,000 6,300 5,000 1,300 200 38,500 3,600 2,800 3,000 1,800 6,100

$127,700

Ravensway Saracen Park Community services 2006 NEIGHBORHOOD EVENTS POWDERHORN EXPENSES MOSQUITO FOGGING PATROL - CONTRACT PATROL - EXPENSES STREET LIGHTS 4,500 0 900 51,200 1,000 54,000

$118,100

Ravensway Saracen Park Capital Improvements 2006 SMALL POOL IMPROVEMENTS (replaster) LARGE POOL IMPROVEMENTS (diving board) RAVENSWAY SIGN STREET LIGHT NEW PLANTS FOR TENNIS COURTS TENNIS/B-BALL IMPROVE (courts 3 and 4) 2,500 2,500 15,000 2,000 4,000 14,000 $40,000

Ravensway Saracen Park Delinquency Collections 2006

DC - INSTALLMENTS 600 DC - INVOICES & DEMANDS 3,500 DC - LIENS DC - LEGAL FEES DC - TITLE SEARCHES 1,500 6,000 1,300 $12,900

Ravensway Saracen Park Deed Restriction Enforcement

DR - INSPECT & LETTERS DR - LAWN MNTENANCE DR - PICTURES & DEMANDS DR - LEGAL FEES DR - TITLE SEARCHES 9,900 0 1,600 3,800 200 $15,500

Ravensway Saracen Park Our Income 2006

CURRENT ASSESSMENTS PRIOR YR ASSESSMENTS POOL REGISTRATION INT INCOME - OPERATING INT INCOME - RESERVE OTHER INCOME ACTIVITIES INCOME POWDERHORN STABLES INCOME SWIM TEAM INCOME LATE FEES REIMB. COLLECTIONS REIMB. LEGAL FEES REIMB. LAWN FEES RENTAL - CLBHSE/POOL 268,000 2,200 100 3,900 3,850 0 0 3,000 0 0 0 4,200 5,000 50 2,000 $292,300

Ravensway Saracen Park It costs a lot to run a neighborhood 2006 TOTAL ASSOCIATION EXPENSES $374,780

TOTAL ASSOCIATION INCOME Net Income (loss)

$292,300

($82,480)

Ravensway Saracen Park It costs a lot to run a neighborhood

Where have we been?

Ravensway Saracen Park It costs a lot to run a neighborhood

TOTAL ADMINISTRATIVE EXPENSE TOTAL AMENITIES OPERATIONS TOTAL COMMUNITY SERVICES TOTAL CAPITAL IMPROVEMENTS TOTAL DELINQUENCY COLLECTION TOTAL DEED REST ENFORCEMENT TOTAL ASSOCIATION EXPENSES TOTAL ASSOCIATION INCOME NET INCOME (LOSS) 2000 YEAR ACTUAL 2001 YEAR ACTUAL 2002 YEAR ACTUAL 2003 YEAR ACTUAL 2004 YEAR ACTUAL 2005 YEAR ACTUAL 2006 YEAR BUDGET percentage change

2000 v 2006

35,198 82,151 47,590 3,678 8,527 37,279 87,992 14,135 3,851 9,383 46,764 80,510 9,402 11,653 10,003 49,284 84,925 77,407 10,023 10,263 48,563 114,205 143,656 114,915 123,131 129,151 118,009 127,700 79,264 8,205 10,423 13,141 54,003 105,647 33,409 16,754 14,226 67,080 111,600 40,000 12,900 15,500 291,349 311,773 20,424 296,296 289,511 (6,785) 273,247 355,033 288,747 342,048 281,385 8,138 286,497 (68,536) 292,154 3,407 296,755 (45,293) 374,780 292,300 (82,480) 90.58% 11.82% 35.85% 250.73% 81.78% 28.64% 93.75%

Ravensway Saracen Park It costs a lot to run a neighborhood In the last 7 years We have collected $2,050,375 In assessments A zero% increase in this time frame

Ravensway Saracen Park It costs a lot to run a neighborhood In the last 7 years We spent $870,767 In operating amenities

an 11% increase in this time frame

Ravensway Saracen Park It costs a lot to run a neighborhood In the last 7 years capital improvements totaling

$230,148

Ravensway Saracen Park It costs a lot to run a neighborhood In the last 7 years We spent $632,089 In community services

a 41% increase in this time frame

Ravensway Saracen Park It costs a lot to run a neighborhood In the last 7 years We spent $69,282 to collect from delinquent homeowners A 250% increase in this time frame

Ravensway Saracen Park It costs a lot to run a neighborhood In the last 7 years We spent $81,043 To enforce deed restrictions An 81% increase in this time frame

Ravensway Saracen Park It costs a lot to run a neighborhood In the last 7 years We have a total net loss

-$171,125

Ravensway Saracen Park It costs a lot to run a neighborhood

In the last 17 years Assessments Have

not

been raised

Ravensway Saracen Park It costs a lot to run a neighborhood In the next year or two We Will have to decide What we can do with out You balance a budget by spending less Or Generate more income

Ravensway Saracen Park It costs a lot to run a neighborhood Turn off the street lights save $54,000 No mosquito fogging save $900 No activities budget save No sheriff's patrol save $7500 $52,000 No capital improvements save $40,000 Cut pool operating hours save $7,000

Ravensway Saracen Park It costs a lot to run a neighborhood You can’t cut back services and repairs and keep the quality of life and the property values.

Our electric for example has gone up by 30% in the last year How can you expect to keep the assessment the same for 17 years?

A yes vote is what will make the difference

Ravensway Saracen Park It costs a lot to run a neighborhood 2 years of losses like this and the HOA will have no choice but to cut services to stay around

Ravensway Saracen Park It costs a lot to run a neighborhood

You Decide

!

Turn off the street lights save $54,000 No mosquito fogging save No activities budget save $900 $7500 No sheriff's patrol save $52,000 No capital improvements save $40,000 Cut pool operating hours save OR Vote YES!

$7,000