1. Review of 2018 Goals2. Financials/Reserve/lnvestments3. Income4.General Maintenance & Repairs5.Admin/Insurance6.Utilities7. Planned Maintenance Schedule for 20198. Goals for 2019

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REVIEW - 2018 GOALS

STATED OBJECTIVES COMPLETED• RESURFACE POOL YES• RE·LANDSCAPED AREA AROUND CLUBHOUSE YES• INSTALLED SOD WHERE TREES WERE YES

REMOVED• UPGRADES AT BOATYARD NO

------------- ----

ADDITIONAL PROJECTS COMPLETED

• REPAINTED POOL BATHROOMS & REPLACED LIGHTSAND MIRRORS

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[ ;NC~~--;:;~;~N;~SPE~~ATEG~';---J1,600,000.00

1,400,000.00

1,200,000.00

1,000,000.00

800,000.00

600,000.00

400,000.00

200,000.00

0.001 3 64 52

• Actual 1,517,419. 407,337.00 768,908.60 95,960.00 9,230.87 295,000.00Budget 1,095,971. 353,439.60 379,354.00 91,119.67 3,320.00 210,000.00

ENDED 2018 WITH A SURPLUS OF $84,721 (8.710/0) -ADDED TO RESERVE

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MAIN REASONS FOR SURPLUS

• HIOHER THAN EXPECTED OWNER CAPITAL CONTRIBUTIONS

• PROPERTY INSURANCE RATESREMAINED UNCHANOED

• MANAOED TO KEEP MAINTENANCE/REPAIRS IN CHECK

• REIMBURSEMENT OF $14,811 FROM NATIONWIDE

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[ RESERVE Jo ENDED 2018 WITH ACCOUNT BALANCE OF $6,976,865 -

INCLUDE $5,119,389 FROM LITICiATION SEnLEMENT.

o ACTUAL RESERVE ACOOUNT BALANCE = $1,857,476(Compare to Reserve Study Goal for 2018 of $117011073)

o PAID $35,275 From RESERVE FOR:

~ RESURFACINCi OF POOL~ NEW TREADMILL FOR FITNESS ROOM~ NEW PUMP FOR POOL

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l----------------------J

TOTAL ASSETS-------------------- ----------- --------------------

"FINANCIAL INSTITUTION INTEREST RATE BALANCE

NSB-MMA 303.35

SIGNATURE BANK 2.100/0 245,084.59

METROPOLITAN 1.75°4 245,176.20

LUTHER BURBANK 2.00% 245,199.43

STERLING BANK 1.75% 37,600.00,.

SANTEE COOPER 1.650/0 25,000.00

BNYMELLON " 2.40% 25,000.00

CHARLES SCHWAB VARIOUS - AVERAGE 6,153,501.452.030/0

TOTAL 6,976,865.02. --------------------------

NOTE: TOTAL ASSESTS EXCLUDE $108,639 IN THE OPERATING FUND

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".000

e~IIIIIII&.•••ZIII~~~III~~c>~

Q-QIIIa:III%~

1,200,000

1,000,000

800,000

600,000

400,000

200,000

ANNUAL ASSESSMENT FEES2008 - 2018

o2017 2018 I 20192009 I 2010 2011 2012 2013 I 2014

Assessment Fees

2015 I 2016

% Increase

Average annual increase for the period 2008 to 2019 = 2.10/0

o ALL OTHER FEES REMAIN UNCHANGED

o GARAGE ASSESSMENT FEES - INCREASED FROM $262 to $272 PER ANNUM

o BOATYARD LEVIES - REMAIN UNCHANGED AT $135 PER ITEM

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Assessment Fees 1,104,8% Increase 5

REAL ESTATE - UNITS SOLD

2014 2015 2016 2017 2018

UNITS SOLD 26 10 22 23 24 III

CAPITAL $11,785 $5,470 $10,960 $16,634 $15,263CONTRIBUTIONS

L. ______ - - - -- -- - - - - - - . - -- -" - -~-

OCCUPANCY TYPERENTERS

22%

SECONDHOME19%

OWNERS I

59% I

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BOAT STORAGE FACILITYINCOME/EXPENSES

YEAR INCOME EXPENSES BALANCE

2015 4,340 600 3,740i

2016 5,450 2,950 2,500,

2017 5,310 2,756 2,756 I

i

2018 3,065 2,420 645

TOTAL 18,165 8,726 9,439--- - - -- - --------

..ITEMSSTORED PER ANNUM

2015 2016 2017 2018

RETREAT 8 23 27 21

APARTMENTS 34 17 17 18

TOTAL 42 40 44 39- ---- -- - ------------------ L....

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GENERAL MAINTENANCE/REPAIRSEXPENSESE - PER SUB CATEGORY

POND MAINTENANCE

IRRIGATION/BACKFLOW MAl NT.

PEST CONTROL/TERMITE BOND

PRESSURE WASHING/GUTTERS

WATCHMAN/FIRE SERVICES

CLUBHOUSE/POOL

ELEVATORS

JANITORIAL SERVICE

MAINTENANCE & REPAIR

LANDSCAPING/TREES/IRRIGATION

14,744.7012,006.00

17,381.091j,560.00 I

27,21~.3231,600.00

~~-'"-----

135,320.00

Actual • Budget

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[ GENERAL MAINTENANCE/REPAIRS ]

HOUSE/POOL AREA

• POOL RESURFACED

• GRILL DECK/RETAINER WALLS PAINTED/ LIGHTS REPLACED

• EXERIOR SURFACES/COLUMN SUPPORTS, DOORS, WIDOWCASINGS, TRIM BOARDS SCREEN PORCH FRAMEWORKREPAINTED

• POOL - LIGHTS FIXED; CRACKS AROUND STAIRWELL ANDPOOL DECK CAULKED

• BATHROOMS REPAINTED/UPGRADED

• REPLACED TREADMILL, REPAIRED BENCHPRESS & ADDEDNEW DUMBELL RACK

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[ GENERALMAINTENANCE/RE~~I;S ]

BUILDINGS

• CONCRETE FLOORS (ENTRANCE GATES @ BLDGS 600,700 &1000) - REPAIRED/PAINTED);

• BOOTSNENTS ON ROOFS RECAULKED; STEP FLASHING &PLYWOOD ON SOME ROOFS REPAIRED/REPLACED;

• SEWAGE LINES AT ALL BUILDINGS CLEANED OUT;

• VENTS (ELEVATOR DOORS) - REPLACED/PAINTED;

• ANNUAL FIRE INSPECTION COMPLETED;

• TEMPORARY REPAIRS· $8,900 ROOF REPAIRS; $4,100INSTALLING SUPPORTS BLDG'S 300; $1,015 FLASHING/PORCHRELATED ISSUES

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[ GENERAL MAINTENANCE/REPAIRS JGATES

$1,900

$7,810

I_ MAIN GATE GATES:BiGS-~GATE-CLICKERSI

• DISPLAY PANEL ON MAIN GATE STRUCK BY LIGHTING - REPLACED

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[ GENERALMAINTEN~NC-;;~~IRS J

JANITORIAL SERVICES

• DETAILED CLEANING/SOFT WASHING OF BUILDINGS

• PRESSURE WASHED ENTRANCE GATES @ ALL BUILDINGS.ALSO ALL SIDEWALKS

ELEVATORS

• AMERICAN ELEVATOR COMPANY REPLACED THYSSEN-KRUPPAS NEW VENDOR FOR MAINTEANCE OF ELEVATORS - SAVING$13,400 PER ANNUM;

• ANNUAL STATE INSPECTION OF ELEVATORS - COMPLETED;

• REPAIRS TO ELEVATOR AT BUILDING 700

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[------ LANDSCAPE MAINTENANCE J

• SUMMERIWINTER FLOWERS INSTALLED - $3,212;

• APPLICATION OF CORE AREATION OF BERMUDA TURF ATGRASSY AREA - $1,642;

• PREVENTATIVE MAINTEANCE ON IRRIGATION SYSTEM - $6,160

• PINE STRAW APPLICATION - $15,097;

• RE-LANDSCAPE AT CLUBHOUSE FRONT ENTRANCE - $5,949;

• ANNUAL TREE MAINTEANCE - $20,045

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[ ADMIN/INSUF{A~ J

ADMIN INLINE WITH BUDGET

PROPERTY INSURANCE REAMINED UNCHANGED

PROPERTY 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017 2017/2018 2018/2019

Premium $268,044 $268,044 $238,026 $215,831 $208,820 $208,820 $208,280

Coverage $56,138,232 $56,138.232 $56,138,232 $58,297,292 $58,297,292 $58,297,292 $58,297,292Limit

FLOOD INSURANCE INCREASED FROM $78,210 to $78,969 (0.960/0)-NEW FEMA LEVY

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[----- ···-----lUTILITIES

• EXPENSES (WATER; TELEPHONE; TRASH REMOVAL) - GENERALLYIN LINE WITH BUDCiET;

• COST OF ELECTRICITY DECREASED - INSTALLED LED LIGHTS &REDUCED ELECTRICITY FEES

• COST OF PROPANE GAS INCREASED - DUE TO DELAY IN FILLINGUP PROPANE GAS TANKS BEFORE END OF 2017 & GAS LEAKS ATBUILDING 700 THAT WERE REPAIRED;

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PLANNED MAINTENANCE SCHEDULEFOR 2019

January/February 2019

• Checb irrigation system & mabe necessary repairs

March/April/May 2019

• Additional cleaning - pollen season• Soft Wash of selected areas - buildings, garages, clubhouse• Deep Cleaning - Breezeway Floors, breezeway sidings, entrancestairwells & fans

• Summer Annuals & perennials• Checb & clean out downspouts & irrigation pop-up's• Pine straw coverage

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June 2019

• Trimming of palms

August 2019

• Elevator Inspections• Annual cleanout of sewage system• Ciutter cleaning

October 2019

• Winter Flowers• Start Budget process for 2018• Checll contracts/agreements with vendors

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-8G.•••omc.-a..s••cISmCUc U._ c.ca•• cI!ccu·-a. a=~•• cu2! cua.~• •

[ QUA~TERLYBOARDMEETIN~S FOR2-0~;-l

e April 25th, 2019e July 25th, 2019

Ee October 24th, 2019

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[mH

____ ·G~ALS FOR2019 - -- J

• REVISE RESERVE STUDY

• FOCUS PRIMARELY ON PREVENTATIVE MAINTENANCE &TEMPORARY REPAIRS FOR THE DURATION OF THERECONSTRUCTION PROJECT.

• REMOVAL OF OLD BUILT-UP PINE STRAW AROUND THE BASEOF BUILDINGS & GARAGES.

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w(Jz~<tWZZw~t-ezw-<t:E:EOwl:»-Dlt-<tt-t--ZZW::l>u..we~D..

LOC\I

Why it is important to clean out the dryervent in your unit?

~ACCUMMULATION OF LINT A~ SERIOUS FIRE HAZARD

WARNING SIGNS• CLOTHES TAKING TO LONG TO

DRY• DRYER IS HOT TO THE TOUCH• YOU SMELL BURNING burning

. ~.~ f(

PREVENTATIVE MAINTENANCE• GET DRYER VENT CLEANED OUT

AT LEAST ONCE ANNUALLY;• EMPTY LINT TRAP AFTER EACH

USE OF DRYER

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WHY IT IS IMPORTANT TO DO MAINTEANCE ON Ale UNIT

• BLOCKED DRAINAGE LINES - WATERDAMAGES IN OWN UNIT & POSSIBLY TOUNITS BELOW;

• DIRTY AIR CIRCULATION INSIDE UNIT;

• SHORTEND LIFE OF AlC UNIT

~

MAINTENANCE OF UNIT

• ROUTINELY REPLACE/CLEAN FILTERS-MAY REDUCE ENERGY CONSUMPTION BY5% TO 15%

• HAVE AlC UNIT SERVICES AT LEAST ONCEA YEAR - MAY REDUCE ENERGY BILL BYUP TO 15% AND EXTEND LIFESPAN OF AlCUNIT.

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