2013 Community Manager Reports
Equus Management Group won "Best Mid-Size Management Co of the Year" for NV
Working on Budget and Reserve Study

Community Association Institute Report
Seminar on Rules in January.
Seminar on writing RFP's
Class on understanding your financials
Seminar on Risk Management
Legislative Update
Class in Sept: Landscaping
Nov class on Case Law

2013 Financial Reports by Management to BOD –
Given monthly to BOD for review and approval. Not included in minutes.
As required in NRS 116.31093, BOD reviews following:
Current YTD financial statement of the HOA
Current YTD schedule of revenues & expenses for operating and reserve accounts compared to budgeted.
Current reconciliation of operating and reserve account
Current status of FDL civil action or claim submitted to arbitration or mediation

CD status rollovers reported with any action taken as needed.
Reserves & Operating Accounts reimbursed upon settlement of Construction Defect Litigation.

Homeowner Forum
Roundup poison being sprayed by untrained crew that sprays everything: sidewalks, doors,
mailboxes. Landscaping Co. not licensed to spray this product.
Environmentally safe products should be substutited such as Corn Gluten.
Advanced notice needs to be sent warning owners prior to spraying any type of chemicals.
HOA owns a unit?

2013 BOD Approvals

Expenses/Contracts
Kohn Colodny Engaged for 2012 Audit - $4900
Red Rock Financial Engaged as collection company.
*National to repair draining towards building $45,524.90
Tyco for Mechanical Temperatore Sensors for firesprinklers $1,754.
Tyco Network/Internet Upgrades & install by Kriss $8500 incl. 3year warranty
Intermountain Electric to add six additional street lights $25,775.
*Parkers Painting to paint streetlight poles, lamp post & wrought iron
Scott's Roofing for roof inspections, photos and recommendations- $2,400.
Padovan Consulting for consult on sealing asphalt streets $2,200.
*Western Nevada Supply to purchase two pumps for lakes $2,711.22-from Reserves.
*Roof Crafters for top repairs of entry fountain $8200-*from Reserves
*Diamond Coatings for bottom repairs of entry fountain $4,700-*from Reserves
AT&T for internet services with increased bandwidth 50-80 Meg $1614/month.
*Scott's Roofing for all building repairs$32,045-*from Litigation Funds
*Sierra Nevada Construction to replace main entrance stamped concrete
*Sierra Golf Cart for a 2012 Yamaha G23AC $8,079.38-*from Reserves
*Intermountain for sealing all asphalt $27,000-*from Reserves
CAU Insurance on buildings $77,950/one year.
Change Order for roundabout replacement additional sub-base material and
Change order to install additional electrical conduit under stamped concrete-$1350
*Parkers Painting for painting front & ped gates, wrought iron around pool, gazebo,
Jet Plumbing to inspect and annual sewer cleanout for all 54 buildings-$7540.
Terra Firma for repair of leak at mainentry waterfall-13,355.48
National Landscape to correct drainage problem behind Building 48-$4,300.
Equus Management contract renewed at same cost.$3,120/month.
National Landscape contract renewed at same $7,650/month, added
Koi Pond Pump on hand used, replace backup $1258.
ALSCO for clubhouse mat replacement weekly $1256/yr received. No motion
Kriss Partners for Internet Maintenance,$1300/month- Oct. 2013-14 .
New Copier Lease Agreement is $270/mo for 5 years.
CC&R revisions for attorney Romero to draft $5-6000.
William Hinkle snow plow contract approved with added 3 day notice to cancel.

2014 Operating and Reserve Budgets Reserve Study approved with $20 increased assessment.
2013 Reserve Study update performed by Robert Saylor reviewed and approved.

Other:

New policy for FDL Theater.
2012 Financial Audit approved as presented.
Adding Roof Replacements to Reserve violates CC&Rs as CC&Rs state:
HOA responsible to perform, but cost is billed back to each unit owner.
New Collection Policy approved by Attorney complies with NRS statute.
Painting 10 buildings cost $149,000. Paying out of Reserves and raising
monthly assessment $55/mo would initially deplete reserves below 70%
BOD will follow CC&Rs and bill back each owner for their pro-rata share
based on square footage.