Welcome Rivers Edge Annual Meeting 1 2 Other Issues: Vehicle Accident at Entrance HOA Dues Payment Option Annual HOA Dues New Payment Option Annual Dues will be $ Dues paid in full are due NLT January 31, 2016 Or, Optionally Dues may be paid in two installments Installment #1: $ due NLT January 31 Installment #2: $ due NLT July 31 Payments not received by due date are subject to a $25.00 late fee and 10% annual finance charge. Rivers Edge Annual Financial Report An overview of the 2015 finances including Budget vs Actual and the proposed budget for 2015 YTD Income Detail 5 2015 YTD (10/31) Expense Detail 6 7 2015 YTD Financial Summary REHOA Operating Account 8 Opening Balance (January 1, 2015) $ 92,843 YTD Income 52,177 YTD Expenses 68,091 Transfer to Road Fund (6/1) 60,000 Ending Balance (October 31, 2015) $17,568 2015 Road Repair Fund Established: June 1, 2015 with $60,000 Purpose:Funding for the re-paving of The Rivers Edge privately maintained public access road surfaces Fund Growth:Annual HOA Dues exceeding the 2015 rate of $528 per household will be deposited to this fund Annual Dues Increase:Annual increase of 10% until sufficient funds are on deposit Current Account Balance:$60,013 9 Road Repair Fund Projected Growth 10 2015 Budget/2016 Proposed Budget 11 2015 Budget vs Actual Our Two Highest Expenses 12 Proposed 2016 Budget by category 13 Rivers Edge Annual Meeting 14 Other Issues: Vehicle Accident at Entrance HOA Dues Payment Option Rivers Edge Homeowners Assoc 15 Sincere thanks to Architectural Review * Kevin Distillin * Trevor McKay * Jessica Burroughs Book Club * Judi Engbers Finance Officers * John Ryan * Ed Pittman HOA Officers * Joy Currin * Bernie Wolf * Mike Davis Landscape Chair * Sam Williams Neighborhood Watch * Allen (Hollywood) Burbank Road Committee * Brion Paulson * Jody Blackburn * David Williams * Dawson Smith Social Committee * Emily Paulson Thank you for attending Rivers Edge Annual Meeting 16