| Return Reference | Explanation |
|---|---|
| Officer directors etc family relationship Part VI line 2 | The area is still in the development stage during which time the Developer has the right to appoint members to the Board of Directors of the Association. |
| Management duties delegation Part VI line 3 | Association employes services of a managing agent to oversee daily operations including vendor selection, insurance coverage, collection, property preseveration at the direction of the Board of Directors. |
| Members or stockholder classes and rights Part VI line 6 | Each property owner is a member of the Association with a right to vote. |
| Member election for additional members Part VI line 7a | Member/owners elect the Board of Directors. During the development stage, the Develper has the authority to appoint board members. |
| Governing body meeting documentation Part VI line 8a | Minutes are taken and maintained for all Board meetings and appointed committees. |
| Form 990 governing body review Part VI line 11 | Form 990 is presented to the Board of Directors for review, possible revision and approval prior to submission. |
| Governing documents etc available to public Part VI line 19 | Governing documents are provided to each owner and time of purchase and are available upon request of the managing agent. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Rounding -1.00 |
| List of other expenses Part IX line 24e | ProgramCapital expense $ 233,648 Clubhouse 72,633Credit loss 24,020Eagle Point 40,248Lake 18,844Pest control 23,810Pine Island 140,672Staffing 416,191Property tax 1,303Repairs & maintenance 346,180Russet Peak 8,359 Security 4,421------------------------------Total $ 1,330,329============================== |
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