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Annual Meeting Kingswood Forest Condominium Association April 14, 2008

Annual Meeting Kingswood Forest Condominium Association April 14, 2008. Kingswood Forest Is Our Home. Annual Report. Kingswood Forest. Kingswood Forest Is Our Home. Overview. Board Goals 2007 Achievements Committees 2008-2009 Budget Issues General Discussion

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Annual Meeting Kingswood Forest Condominium Association April 14, 2008

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  1. Annual MeetingKingswood Forest Condominium AssociationApril 14, 2008 Kingswood Forest Is Our Home

  2. Annual Report Kingswood Forest Kingswood Forest Is Our Home

  3. Overview • Board Goals • 2007 Achievements • Committees • 2008-2009 Budget • Issues • General Discussion • Introduction of Candidates and Election Kingswood Forest Is Our Home

  4. Board Goals • Keep Our Association Financially Healthy • Aggressively Maintain Our “Homes” and Our Common Areas • Do This With the Lowest Possible Fees Kingswood Forest Is Our Home

  5. 2007 Accomplishments • Accelerated Maintenance Schedule • Painted More Buildings • Replaced Chimneys and Siding • Replaced Gutters • Paved the Association Roads • Tried to Maintain Communications • Web Site / Newsletter • Held Association Fees Constant • Constant Negotiations for the New Development Kingswood Forest Is Our Home

  6. ACTUALS BUDGET BUDGET REVENUE 2007 2007 2008 ASSESSED REVENUE LESS RESERVE FUND 213,898 177,936 205,604 EXPENSES 2007 2007 2008 ADMINISTRATIVE TOTAL ADMINISTRATIVE COSTS 44,571 46,884 48,188 SERVICES TOTAL SERVICES 84,513 80,705 101,488 MAINTENANCE TOTAL MAINTENANCE 58,210 39,600 42,700 RECREATIONAL TOTAL RECREATIONAL EXPENSES 8,159 10,796 14,123 TOTAL EXPENSES 195,453 177,985 206,499 NET CASH FLOW 18,445 (49) (895) RESERVE FUND 2007 2007 2008 Reserve Funding 19,860 19,860 22,000 Special Assessment 000 000 GRAND TOTAL IN RESERVE FUND 84,860 84,860 106.860 2007-2008 Budget Kingswood Forest Is Our Home

  7. ISSUES • Common/Limited Common Areas • The Exterior of the Unit • Additions or Changes MUST Have Board Approval. • Very Liberal With Approvals • Decks • Maintenance – Unit Owner • Color – Natural Cedar Stain • Composite Material ? • Landscaping • Maintenance – The Association • Limited to Periodic Times Each Year • Watering – Unit Owner and the Association • Additions by Owner With Board Approval Only • Once Installed – Becomes Property of the Association Kingswood Forest Is Our Home

  8. Issues - Continued • Common/Limited Common Areas - Continued • Front Doors • Maintenance – Unit Owner • Paint Colors – Sherman Williams • Overseas (SW 2398) • Raisin (SW 7630) • Rustic Red (SW 7593) • General Maintenance – The Association • Siding & Trim Paint • Body-Sandcastle (SW 3006) • Trim-Navajo White (SW 3005) • Street Lights • General Maintenance • Street Lights • Trash • Over Budget Requirements • Snow Removal • Engineering Inspection and Reserve Fund Analysis • 2009 Dues Kingswood Forest Is Our Home

  9. Issues - Continued • Common/Limited Common Areas • Access • Open to All • Respect Individual Privacy • PICK UP AFTER YOUR PETS!!! • Take Pictures • Fines WILL be assessed • Continuing Construction • Do Not Use the Construction Entrance • Report Construction Traffic on Our Roads • Take Pictures Kingswood Forest Is Our Home

  10. Issues - Continued • Budget Adjustments • Snow Removal • Possible Special Assessment • Engineering Inspection • Reserve Fund Analysis • 2009 Dues • Potential Increase Kingswood Forest Is Our Home

  11. Standing CommitteesWe Need Volunteers • Financial Ron Langlas: 689-3427 • Strategic Planning John Teter: 427-2027 • Facilities Bob Sedlock: 421-1207 • Communications Cathy Vance: 431-8677 Kingswood Forest Is Our Home

  12. Discussion30 Minutes Kingswood Forest Is Our Home

  13. Election of New Board Members Kingswood Forest Is Our Home

  14. Introduction of CandidatesVote for Three Tom Hines – Incumbent Ron Langlas - Incumbent Myron Slipper – Incumbent Floor Nominations Kingswood Forest Is Our Home

  15. THANKS for YOUR HELP!!! Kingswood Forest Is Our Home

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