Ravensway Saracen Park Home Association

1. Ravensway Saracen ParkHome Association

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

3. Ravensway Saracen ParkIt costs a lot to run a neighborhood Where does the money Go?

4. Ravensway Saracen ParkAdministrative cost 2006 $67,080

5. Ravensway Saracen ParkAmenities Operations 2006 $127,700

6. Ravensway Saracen ParkCommunity services 2006 $118,100

7. Ravensway Saracen ParkCapital Improvements 2006 $40,000

8. Ravensway Saracen ParkDelinquency Collections 2006 $12,900

9. Ravensway Saracen ParkDeed Restriction Enforcement $15,500

10. Ravensway Saracen ParkOur Income 2006 $292,300

11. Ravensway Saracen ParkIt costs a lot to run a neighborhood 2006 Net Income (loss)($82,480)

12. Ravensway Saracen ParkIt costs a lot to run a neighborhood Where have we been?

13. Ravensway Saracen ParkIt costs a lot to run a neighborhood

14. Ravensway Saracen ParkIt 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

15. Ravensway Saracen ParkIt 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

16. Ravensway Saracen ParkIt costs a lot to run a neighborhood In the last 7 years capital improvements totaling $230,148

17. Ravensway Saracen ParkIt 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

18. Ravensway Saracen ParkIt 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

19. Ravensway Saracen ParkIt 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

20. Ravensway Saracen ParkIt costs a lot to run a neighborhood In the last 7 years We have a total net loss -$171,125

21. Ravensway Saracen ParkIt costs a lot to run a neighborhood In the last 17 years Assessments Have not been raised

22. Ravensway Saracen ParkIt 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

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

24. Ravensway Saracen ParkIt 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

25. Ravensway Saracen ParkIt 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

26. Ravensway Saracen ParkIt costs a lot to run a neighborhood You Decide! Turn off the street lights save $54,000 No mosquito fogging save $900 No activities budget save $7500 No sheriff's patrol save $52,000 No capital improvements save $40,000 Cut pool operating hours save $7,000 OR Vote YES!