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Lake Windcrest Property Owners Association

Board of Directors Meeting

AGENDA

Wildwood – Room 303

August 28, 2018

Lake Windcrest POA Board of Directors meetings are subject to Chapter 209 of the Texas Property Code requiring no less than 72 hours advance meeting notice to include the items of business on the agenda for action at such meeting, and a general description of items of deliberation in Executive Session. Board meetings are to be open, except for certain topics for which the Board may convene into Executive Session. Decisions may not be made on items not posted on the Agenda.

6:00 pm I. Establish a Quorum II. Call to Order III. Executive Session

A. Legal Matters B. Collections - Delinquent Accounts Report C. Deed Restriction Violations D. Drainage

6:50 pm Adjourn Executive Session 7:00 pm IV. Report Actions Taken during Executive Session V. Review and Approve Minutes – May 8, 2018 and June 28, 2018 VI. Treasury Report

A. Financial Statement (December 2017, January 2018 – July 2018) VII. Ratify Project Approvals – 1808G-001

VIII. Committee Reports

A. Neighborhood Patrols – 1808G-002 B. Community Services - 1808G-003 C. Drainage, Lakes, and Dams -1808G-004 D. Grounds and Amenities – 1808G-005

IX. Business

A. Accept Board Member Resignation – 1808G-006 B. Appointment of New Director - 1808G-007 C. Bylaw Amendments – 1808G-008 D. Melany Meadows Park – 1808G-009 E. Upper Serenity Spillway – Fill Voids – 1808G-010 F. Lower Serenity Spillway Concrete Repairs - Toe Wall – 1808G-011

ANNOUNCEMENTS

X. Homeowner Comments - Homeowners may comment on items of concern and provide their input on a particular issue. The Board will listen and make note; no action will be taken during this meeting.

8:30 pm Adjournment Next Meeting: October 23, 2018, Room 303


Special Board of Directors Meeting

May 8, 2018

Minutes

Wildwood – Room 303 A special meeting of the Board of Directors of Lake Windcrest Property Owners’ Association was called to order by John Pozadzides, President, at 6:00 p.m. A quorum was established by the attendance of the following Directors: Michelle Replogle, Vice President; Isabel Ross, Secretary; Bryan Kurtz, Treasurer; David Traicoff, Dams, Lakes and Drainage; Darin Reeser, Grounds Maintenance; and Stan Muckenthaler. Janet Hampton, Community Manager, was also in attendance. II. Executive Session John Pozadzides welcomed property owners to the Board meeting. He announced we have a full agenda and will take comments during the meeting but will need to adjourn by 8:30 p.m. John Pozadzides stated that various issues were discussed during executive session, including appointments,

contracts and access to lakes.

IV. Adjourn Executive Session V. Report Actions Taken during Executive Session John Pozadzides stated there were no formal actions taken during the executive session.

VI. Elections of 2018 Officers Upon a motion duly made by Bryan Kurtz and seconded by Darin Reeser, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved the nomination of John Pozadzides as President. Upon a motion duly made by John Pozadzides and seconded by Bryan Kurtz, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved the nomination of Michelle Replogle as Vice President. Upon a motion duly made by Michelle Replogle and seconded by David Traicoff, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved the nomination of Isabel Ross as Secretary. Upon a motion duly made by John Pozadzides and seconded by Michelle Replogle, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved the nomination of Bryan Kurtz as Treasurer. VII. Vote on Candidate for Appointment to Vacant Board Position - 1805G-001 The appointment was tabled. VIII. Vote on Candidate for Appointment to Ex Officio Board Member - 1805G-002 Upon a motion duly made by John Pozadzides and seconded by Isabel Ross, the following resolution was unanimously adopted. RESOLVED THAT, the Board appointed Vinny Sinisi as Ex Officio Director as an non-voting Board member, which allows the community to have an additional volunteer involved in all aspects of serving our members.

IX. Vote on Grounds and Amenities Chair 1805G-003 Upon a motion duly made by Bryan Kurtz and seconded by Darin Reeser, the following resolution was unanimously adopted. RESOLVED THAT, the Board appointed David Foxworth as Grounds and Amenities Chair. X. Reserve Study (Reserve Advisors - Total $3,950, Down $1,975) 1805G-004 Upon a motion duly made by Bryan Kurtz and seconded by John Pozadzides, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved the contract for Reserve Advisors to update the 2012 Reserve Study for $3,950, deposit $1,975. XI. Vote on FM 1488 Fence Contract - 1805-005 Upon a motion duly made by Bryan Kurtz and seconded by Michelle Replogle, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved the Graham Golf contract for $157,125.00 for the replacement of the FM 1488 Fence, deposit $62,850.00. Replacement of the fence will be paid from a Reserve Fund allocation of $126,000 for the 2008 portion of the fence, the remaining $31,125 will be paid from Operating. An Ad Hoc Committee was formed by property owners in the community resulting in the decision for the Association to replace the fence on FM 1488. The appearance of the fence was the main reason for the decision. Bids were received from other companies and a contractor was selected. Michelle Replogle and Janet Hampton have worked on the project with property owners and are almost complete in obtaining signed agreements. For the permanent easements, the agreement runs with the land and will be recorded with Montgomery County. The Association will conduct periodic inspections and Lake Windcrest property owners should trim back 3 feet from the fence or the Association may hire a contractor to do so and assess costs to the property owner. It is anticipated that these issues will be worked out amicably without any need to do so. Forty percent of the fence belongs to the golf club and has been replaced. Homeowner Comments Discussion was held concerning drainage concerns and where the water flows. A property owner stated he has experienced water up to his door a few times and the ditches are full. The Board has been reviewing the drainage over the last several months. The County is working with Lake Windcrest concerning the drainage ditches along the roadway. A question was asked concerning the Association’s obligations. The Association is responsible to maintain the functionality of the dams and the functioning as designed. A property owner made a comment concerning the width of the outflow on Azure Spillway and the drainage by the Golf Club. The County has stated they are reviewing the culverts on Clubhouse Circle near the Golf Club. Board meeting adjournment 8:30 p.m. ___________________________ ___________________ Janet Hampton, CMCA, AMS, PCAM Date


Board of Directors Meeting

Minutes

Wildwood – Room 303

June 28, 2018

Lake Windcrest POA Board of Directors meetings are subject to Chapter 209 of the Texas Property Code requiring no less than 72 hours advance meeting notice to include the items of business on the agenda for action at such meeting, and a general description of items of deliberation in Executive Session. Board meetings are to be open, except for certain topics for which the Board may convene into Executive Session. Decisions may not be made on items not posted on the Agenda.

A meeting of the Board of Directors of Lake Windcrest Property Owners’ Association was called to order by John Pozadzides, President, at 6:00 p.m. A quorum was established by the attendance of the following Directors: Michelle Replogle, Vice President; Isabel Ross, Secretary; Darin Reeser, Grounds Maintenance; David Traicoff, Dams, Lakes and Drainage; and Vinny Sinisi, Ex Officio Board Member. Bryan Kurtz, Treasurer was unable to attend. Janet Hampton, Community Manager with PMG was also in attendance. John Pozadzides welcomed property owners to the Board meeting. Adjourn Executive Session John Pozadzides stated that various issues were discussed during executive session including: contracts, FM 1488 fence project, website, private common area parking lots, and renewal of insurance. IV. Report Actions Taken during Executive Session John Pozadzides stated there were no formal actions taken during the executive session. V. Review and Approve Minutes (March 27, 2018 and May 8, 2018) Upon a motion duly made by John Pozadzides and seconded by Michelle Replogle, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved March 27, 2018 as presented. May 8, 2018 minutes were tabled for further documentation of the FM 1488 fence funding. VI. Treasury Report - Financial Statement (December, January, February 2018) The Financials for December, January and February were reviewed and discussed. Rick Ghigna questioned why the Reserve Income Statement report column “Annual Budget” reflects zeros. Janet Hampton and Michele Replogle reviewed the past Income Statement and commented the Reserve Budget column has shown no entries since 2016 (for the past three years). John Pozadzides stated it is probably because the DLDC were not sure what projects were next. VII.Ratify Project Approvals -1806G-001 Upon a motion duly made by John Pozadzides and seconded by Michelle Replogle, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved action between May 14-June 22, 2018 as follows:

• Ditches 2g2 & 5i - The DLDC agrees with the proposal provided by Schuler Services, as the preferred vendor, for two ditches 2g2 (32027 & 32111 Spinnaker) and 5i (9802 & 9811 Azure). The Board approved an expenditure of $15,000, GL6670 Drainage Repair & Maintenance.

• D&O Insurance – The Board agreed the approval of Wortham Insurance for Directors and Officers renewal for $5,162 by Bryan Kurtz, Treasurer.

• Electrical provider – The Board agreed the approval for TXU ($0.0325137 per kWh) as the electrical provider for the best rate approve by Bryan Kurtz, Treasurer.

• FM 1488 Fence 5-Day Notice – The Board agreed to notify property owners along FM 1488 of the targeted start date to begin replacement of the fence.

• FM 1488 Fence Deposit – The Board agreed to release the deposit payment of $62,850 ($31,725 GL9852 Reserves, $31,125 GL6560 O&M). Full amount approved at the May 8, 2018 board meeting.

• Patty’s Landing Pipeline Sinkholes - The DLDC met with SouthCross at the pipeline easement/nature trail just NE of the Lake Windcrest dam concerning two sinkholes that were a serious liability and safety concern. It was determined the area was the responsibility of Lake Windcrest. BR*2018-OM004 Culvert Collapse. The Board approved the $2,000 expenditure.

VIII. Committee Reports

A. Neighborhood Patrols – 1806G-002 Chief Chris Jones with Constable David Hill’s Office Montgomery County Pct. 5 introduced himself and presented the security report for May as follows:

Traffic – 73 Vacation Watches/Building Check – 23 Park Checks – 12 Suspicious Vehicle – 1 Unauthorized Vehicles – 1 Welfare Check – 3 Alarm – 1 Animal Call/ Found Lost Dog – 1 Medical Call – 1

Chief Jones suggested vehicle decals to easily identify vehicles that belong in the neighborhood. Magnolia School District has added more officers and will be on duty daily from 7:00 a.m. to 6:00 p.m. Chief Jones stressed the importance of locking your vehicle doors and storing valuables out of sight.

B. Community Services - 1806G-003 Isabel Ross, Community Services Liaison reminded property owners to sign up for the newsletter. She is working on welcoming new property owners. John Pozadzides stated we now have 862 property owner emails and can use mailchimp for communication.

C. Drainage, Lakes, and Dams Committee (DLDC) -1806G-004 Michael Jones stated the DLDC is currently working on the Mystic Cove project and roadside drainage with Montgomery County. There are Texas laws related to natural waterways and FEMA regulations that must be followed. Two-thirds of Reserve J is in a flood plain and only vegetation can be removed, and to remove dirt there must be an engineered plan. Without volunteers the Association would have to rely on an engineering firm increasing costs for Lake Windcrest.

D. Grounds and Amenities – 1806G-005 Report was attached to property owner packet.

IX. Business Bleyl Engineering Update to Drainage Study 1806G-006 Upon a motion duly made by Michelle Replogle and seconded by Isabel Ross, the following resolution was unanimously adopted. RESOLVED THAT, the Board approved the amendment for Bleyl Engineering’s initial proposal to update the 2009 Drainage Study (Cost $11,500) to include current capacity calculations for ditches at or greater than 50% capacity and analysis of design velocities and 100-year storm demands for an additional cost of $24,900 with funding from Reserve Fund 4.3 Drainage Ditches, Inspections & Repairs. X. Homeowner Comments Mr. Dudley stated the property across the street has a 12” culvert. John Pozadzides stated that should be reported to the County and the County should mitigate that cost. Some property owners have the incorrect size of culverts for their driveways. Vinny Sinisi stated he with call Charlie Riley concerning the property owner’s concerns. John Pozadzides stated there are 70 ditches the POA has the responsibility for the design of mass transit water through the community. There is a Drainage Impact Form that is signed by property owners during construction. Jeff Murray expressed his concerns of the amount of water coming from the neighboring community. Discussion was held concerning the construction of the FM 1488 fence. Rick Ghigna questioned the integrity of the construction. John Pozadzides stated the posts that are rotten will be replaced and the older the wood the harder it becomes. The wrong posts were delivered so the fencing is being secured with boards. The crew will go back and replace the rotten posts with new posts. The contractor will not be paid until the project is completed to the Board’s satisfaction. 8:45 p.m. Adjournment _____________________________ Janet Hampton, CMCA, AMS, PCAM _____________________________ Date

Dec 31, 2017Balance Balance

Nov 30, 2017 Change

Balance Sheet Report

Lake Windcrest POAAs of December 31, 2017

Assets

Operating Funds

1000 - Pacific Premier Bank CK - 4469 209,128.61 117,123.43 92,005.18

1100 - Pacific Premier Bank MM - 5044 14,534.21 1.85 14,532.36

1101 - Pacific Premier Bank MM ICS #044 531,204.96 90.20 531,114.76

1650 - Due to/From Reserves (120,682.53) (146,721.40)26,038.87

Operating FundsTotal 634,185.25 663,691.17 (29,505.92)

Reserve Funds

1300 - PPB Res CK #4618 107,422.31 (13,066.32)120,488.63

1325 - Pacific Premier MM Reserve - 5333 27,456.23 4.66 27,451.57

1326 - Pacific Premier MM Reserve ICS #333 722,055.12 122.61 721,932.51

1651 - Due to/From Operating 120,682.53 146,721.40 (26,038.87)

Reserve FundsTotal 977,616.19 843,833.84 133,782.35

Accounts Receivable

1500 - Residential Assessments Receivable 25,151.11 189.24 24,961.87

Accounts ReceivableTotal 25,151.11 24,961.87 189.24

Other Current Assets

1600 - Prepaid Insurance 13,233.64 (1,951.96)15,185.60

1640 - Other Prepaid Expenses 3,675.00 3,675.00 0.00

1799 - Clearing Account 315.64 315.64 0.00

Other Current AssetsTotal 17,224.28 15,185.60 2,038.68

AssetsTotal 1,654,176.83 1,547,672.48 106,504.35

Liabilities

Liabilities

2036 - PMG Collections 1,720.00 (985.00)2,705.00

2037 - Payment Plan Fees (40.00) 0.00 (40.00)

Page 1 of 2Printed by Janet Hampton on Tue Aug 21, 2018 02:34 pm

Dec 31, 2017Balance Balance

Nov 30, 2017 Change


Lake Windcrest POAAs of December 31, 2017

Liabilities

Liabilities

2041 - Payment Plan Payable-Prior Mgmt (30.00) 0.00 (30.00)

2050 - Resident Refunds 0.70 1,800.00 (1,799.30)

2395 - Other Accrued Expenses 27,260.80 20,894.84 6,365.96

2400 - Accrued Payroll Payable 3,182.98 3,182.98 0.00

2525 - Architectural Review Fees Deposit 32,670.00 (1,800.00)34,470.00

2550 - Prepaid Assessments 212,405.85 160,612.04 51,793.81

2595 - Deferred Revenue 0.00 (52,050.00)52,050.00

LiabilitiesTotal 277,170.33 145,515.47 131,654.86


Owners' Equity

Owners Equity - Prior Years

3000 - Operating Fund - Prior year 399,390.31 (72,508.67)471,898.98

Owners Equity - Prior YearsTotal 399,390.31 471,898.98 (72,508.67)

Capital Reserves - Prior Years

3102 - Repair & Replacement Reserve - Prior Yrs 977,616.19 100,753.17 876,863.02

Capital Reserves - Prior YearsTotal 977,616.19 876,863.02 100,753.17

Owners' EquityTotal 1,377,006.50 1,348,762.00 28,244.50

Net Income / (Loss)

Total Liabilities and Equity

0.00

1,654,176.83

53,395.01

1,547,672.48

(53,395.01)

106,504.35


Lake Windcrest POA

Income Statement Report

OperatingDecember 01, 2017 thru December 31, 2017

Variance Actual Budget Current Period

Actual Budget Year to Date (12 months)

Variance Budget Annual

Remaining Budget

Income

Income

4000 - Residential Assessments (139,425.00)39,375.00 (100,050.00) 471,806.00 472,500.00 (694.00) 472,500.00 694.00

4205 - Application Fees (29.00)29.00 0.00 410.00 350.00 60.00 350.00 (60.00)

4220 - Gate & Access Fees 98.00 42.00 140.00 1,030.00 500.00 530.00 500.00 (530.00)

4710 - Late Fees & Interest (867.90)1,000.00 132.10 4,006.17 12,000.00 (7,993.83) 12,000.00 7,993.83

4720 - Legal Reimbursements (320.50)833.00 512.50 6,063.18 10,000.00 (3,936.82) 10,000.00 3,936.82

4805 - Compliance Fees (83.00)83.00 0.00 680.00 1,000.00 (320.00) 1,000.00 320.00

4835 - Miscellaneous Income 0.00 0.00 0.00 127.00 0.00 127.00 0.00 (127.00)

4900 - Interest Earned - Operating Accounts 30.05 62.00 92.05 1,307.54 750.00 557.54 750.00 (557.54)

(99,173.35) 41,424.00 (140,597.35) 485,429.89 497,100.00 (11,670.11)Total Income 497,100.00 11,670.11

(99,173.35) 41,424.00 (140,597.35) 485,429.89 497,100.00 (11,670.11)Total Operating Income 497,100.00 11,670.11

Expense

Administrative

5000 - General Administrative (38.55)42.00 3.45 511.97 500.00 11.97 500.00 (11.97)

5005 - Application/Processing 13.00 62.00 75.00 485.00 750.00 (265.00) 750.00 265.00

5010 - Bad Debt (250.00)250.00 0.00 6,235.49 3,000.00 3,235.49 3,000.00 (3,235.49)

5015 - Bank Charges (6.00)6.00 0.00 102.38 75.00 27.38 75.00 (27.38)

5025 - Billing/Collections 1,867.00 833.00 2,700.00 9,192.83 10,000.00 (807.17) 10,000.00 807.17

5035 - Decorations 0.00 0.00 0.00 4,056.37 3,000.00 1,056.37 3,000.00 (1,056.37)

5045 - Dues & Subscriptions 0.00 0.00 0.00 495.00 750.00 (255.00) 750.00 255.00

5075 - Meeting Expense (67.00)67.00 0.00 566.31 800.00 (233.69) 800.00 233.69

5090 - Office Supplies 29.60 75.00 104.60 1,477.79 900.00 577.79 900.00 (577.79)

5100 - Records Storage 245.80 233.00 478.80 3,112.20 2,800.00 312.20 2,800.00 (312.20)

5115 - Web Site Maintenance 0.00 0.00 0.00 45.00 0.00 45.00 0.00 (45.00)

5195 - Other Administrative Services 0.00 0.00 0.00 4,526.19 0.00 4,526.19 0.00 (4,526.19)

5200 - Community Events (208.00)208.00 0.00 6,743.38 2,500.00 4,243.38 2,500.00 (4,243.38)

5210 - Printing & Copying (2.40)500.00 497.60 5,975.40 6,000.00 (24.60) 6,000.00 24.60

Printed by Janet Hampton on Tue Aug 21, 2018 02:33 pm Page 1 of 5

Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage 167.17 375.00 542.17 4,782.15 4,500.00 282.15 4,500.00 (282.15)

5225 - Newsletter Services (333.00)333.00 0.00 0.00 4,000.00 (4,000.00) 4,000.00 4,000.00

4,401.62 2,984.00 1,417.62 48,307.46 39,575.00 8,732.46 Total Administrative 39,575.00 (8,732.46)

Insurance

5400 - Insurance Premiums 114.96 1,837.00 1,951.96 22,651.33 22,050.00 601.33 22,050.00 (601.33)

1,951.96 1,837.00 114.96 22,651.33 22,050.00 601.33 Total Insurance 22,050.00 (601.33)

Utilities

6000 - Electric Service (67.40)1,667.00 1,599.60 16,432.25 20,000.00 (3,567.75) 20,000.00 3,567.75

6025 - Water Service (555.49)1,083.00 527.51 14,211.48 13,000.00 1,211.48 13,000.00 (1,211.48)

2,127.11 2,750.00 (622.89) 30,643.73 33,000.00 (2,356.27)Total Utilities 33,000.00 2,356.27

Landscaping

6100 - Grounds & Landscaping - Contract (239.36)16,667.00 16,427.64 197,131.68 200,000.00 (2,868.32) 200,000.00 2,868.32

6140 - Force Mow (25.00)25.00 0.00 250.00 300.00 (50.00) 300.00 50.00

6165 - Tree Removal 0.00 0.00 0.00 4,900.00 0.00 4,900.00 0.00 (4,900.00)

6199 - Landscape Other (980.22)2,083.00 1,102.78 31,733.93 25,000.00 6,733.93 25,000.00 (6,733.93)

6200 - Irrigation Repair & Maintenance (500.00)500.00 0.00 4,554.14 6,000.00 (1,445.86) 6,000.00 1,445.86

17,530.42 19,275.00 (1,744.58) 238,569.75 231,300.00 7,269.75 Total Landscaping 231,300.00 (7,269.75)

Operations

6300 - Permits & Licenses (5,896.13)8,000.00 2,103.87 8,403.87 8,000.00 403.87 8,000.00 (403.87)

2,103.87 8,000.00 (5,896.13) 8,403.87 8,000.00 403.87 Total Operations 8,000.00 (403.87)

Contracted Services

6418 - Fountains/Ponds/Lakes Services 0.00 950.00 950.00 11,611.50 11,400.00 211.50 11,400.00 (211.50)

6440 - Safety & Security 5,267.00 4,583.00 9,850.00 53,200.00 55,000.00 (1,800.00) 55,000.00 1,800.00

6444 - Water Treatment/Lake & Fish Services (375.00)375.00 0.00 844.02 4,500.00 (3,655.98) 4,500.00 3,655.98

10,800.00 5,908.00 4,892.00 65,655.52 70,900.00 (5,244.48)Total Contracted Services 70,900.00 5,244.48


Lake Windcrest POA






Remaining Budget

Expense

Repair & Maintenance

6505 - Boat Dock Repair & Maintenance (83.00)83.00 0.00 0.00 1,000.00 (1,000.00) 1,000.00 1,000.00

6530 - Common Areas Repair & Maintenance 123.00 417.00 540.00 15,685.00 5,000.00 10,685.00 5,000.00 (10,685.00)

6545 - Electrical Supplies/Repair & Maintenance (42.00)42.00 0.00 406.54 500.00 (93.46) 500.00 93.46

6560 - Fence Repair & Maintenance 798.00 0.00 798.00 1,592.98 0.00 1,592.98 0.00 (1,592.98)

6585 - Fountain/Pond/Lake/Dam Rprs & Maint. (125.00)125.00 0.00 1,025.00 1,500.00 (475.00) 1,500.00 475.00

6640 - Lighting Supplies/Repair & Maintenance 0.00 0.00 0.00 661.51 0.00 661.51 0.00 (661.51)

6645 - Locks & Keys Repair & Maintenance (21.00)21.00 0.00 1,106.54 250.00 856.54 250.00 (856.54)

6670 - Drainage Repair & Maintenance 10,983.32 2,083.00 13,066.32 31,645.43 25,000.00 6,645.43 25,000.00 (6,645.43)

6685 - Playground Maintenance/Repairs (417.00)417.00 0.00 0.00 5,000.00 (5,000.00) 5,000.00 5,000.00

6745 - Signage Repair & Maintenance (42.00)42.00 0.00 272.00 500.00 (228.00) 500.00 228.00

6770 - Vandalism Repair & Maintenance (42.00)42.00 0.00 975.00 500.00 475.00 500.00 (475.00)

14,404.32 3,272.00 11,132.32 53,370.00 39,250.00 14,120.00 Total Repair & Maintenance 39,250.00 (14,120.00)

Professional Services

7000 - Audit & Tax Services 2,608.50 417.00 3,025.50 2,841.94 5,000.00 (2,158.06) 5,000.00 2,158.06

7005 - Consulting Services (125.00)125.00 0.00 0.00 1,500.00 (1,500.00) 1,500.00 1,500.00

7010 - Engineering Services (5,456.25)125.00 (5,331.25) 2,443.86 1,500.00 943.86 1,500.00 (943.86)

7025 - Legal Services - Collections (417.00)417.00 0.00 3,217.25 5,000.00 (1,782.75) 5,000.00 1,782.75

7030 - Legal Services - General Counsel (315.50)833.00 517.50 6,753.84 10,000.00 (3,246.16) 10,000.00 3,246.16

7035 - Legal Services - Deed Restrictions (320.50)833.00 512.50 2,862.84 10,000.00 (7,137.16) 10,000.00 7,137.16

7040 - Management Fees 362.96 7,353.00 7,715.96 70,522.44 88,233.00 (17,710.56) 88,233.00 17,710.56

7095 - Other Professional Services (83.00)83.00 0.00 1,650.00 1,000.00 650.00 1,000.00 (650.00)

6,440.21 10,186.00 (3,745.79) 90,292.17 122,233.00 (31,940.83)Total Professional Services 122,233.00 31,940.83


Lake Windcrest POA






Remaining Budget

Expense

Taxes

9015 - Property/Real Estate Tax (4.00)4.00 0.00 44.73 50.00 (5.27) 50.00 5.27

0.00 4.00 (4.00) 44.73 50.00 (5.27)Total Taxes 50.00 5.27

59,759.51 54,216.00 5,543.51 557,938.56 566,358.00 (8,419.44)Total Operating Expense 566,358.00 8,419.44

(158,932.86) (12,792.00) (146,140.86) (72,508.67) (69,258.00) (3,250.67)Total Operating Income / (Loss) (69,258.00) 3,250.67


Lake Windcrest POA


ReservesDecember 01, 2017 thru December 31, 2017




Remaining Budget

Income

Income

4905 - Reserve Contribution Income 152,100.00 0.00 152,100.00 152,100.00 0.00 152,100.00 0.00 (152,100.00)

4910 - Interest Earned - Reserve Accounts 127.27 0.00 127.27 1,636.15 0.00 1,636.15 0.00 (1,636.15)

152,227.27 0.00 152,227.27 153,736.15 0.00 153,736.15 Total Income 0.00 (153,736.15)

152,227.27 0.00 152,227.27 153,736.15 0.00 153,736.15 Total Reserves Income 0.00 (153,736.15)

Expense

Reserve Expenses

9800 - Drainage Reserves 2,538.50 0.00 2,538.50 2,538.50 0.00 2,538.50 0.00 (2,538.50)

9852 - Fences, Gates & Walls Expenses 8,710.00 0.00 8,710.00 8,710.00 0.00 8,710.00 0.00 (8,710.00)

9892 - Water Rights Reserves 0.00 0.00 0.00 (1,905.66) 0.00 (1,905.66) 0.00 1,905.66

9910 - Playground Reserves 0.00 0.00 0.00 15,975.30 0.00 15,975.30 0.00 (15,975.30)

9922 - Ponds & Lakes Expenses 7,196.42 0.00 7,196.42 18,956.32 0.00 18,956.32 0.00 (18,956.32)

9960 - Bridge Maintenance Expense 0.00 0.00 0.00 8,708.52 0.00 8,708.52 0.00 (8,708.52)

18,444.92 0.00 18,444.92 52,982.98 0.00 52,982.98 Total Reserve Expenses 0.00 (52,982.98)

18,444.92 0.00 18,444.92 52,982.98 0.00 52,982.98 Total Reserves Expense 0.00 (52,982.98)

133,782.35 0.00 133,782.35 100,753.17 0.00 100,753.17 Total Reserves Income / (Loss) 0.00 (100,753.17)

Total Association Net Income / (Loss) (25,150.51) (12,792.00) (12,358.51) 28,244.50 (69,258.00) 97,502.50 (69,258.00) (97,502.50)


Jan 31, 2018Balance Balance

Dec 31, 2017 Change


Lake Windcrest POAAs of January 31, 2018

Assets

Operating Funds



1101 - Pacific Premier Bank MM ICS #044 379,190.16 (152,014.80)531,204.96

1650 - Due to/From Reserves 20,055.95 140,738.48 (120,682.53)

Operating FundsTotal 875,067.66 634,185.25 240,882.41

Reserve Funds

1300 - PPB Res CK #4618 82,538.29 (24,884.02)107,422.31

1325 - Pacific Premier MM Reserve - 5333 179,570.32 152,114.09 27,456.23


1651 - Due to/From Operating (20,055.95) (140,738.48)120,682.53

Reserve FundsTotal 964,230.42 977,616.19 (13,385.77)

Accounts Receivable

1500 - Residential Assessments Receivable 195,638.45 170,487.34 25,151.11

Accounts ReceivableTotal 195,638.45 25,151.11 170,487.34



1640 - Other Prepaid Expenses 0.00 (3,675.00)3,675.00

1799 - Clearing Account 0.00 (315.64)315.64

Other Current AssetsTotal 11,281.68 17,224.28 (5,942.60)

AssetsTotal 2,046,218.21 1,654,176.83 392,041.38

Liabilities

Liabilities

2015 - Returned Check Fee Payable 30.00 30.00 0.00

2036 - PMG Collections 1,709.74 (10.26)1,720.00


Jan 31, 2018Balance Balance

Dec 31, 2017 Change


Lake Windcrest POAAs of January 31, 2018

Liabilities

Liabilities



2050 - Resident Refunds 0.70 0.00 0.70

2395 - Other Accrued Expenses 14,293.00 (12,967.80)27,260.80

2400 - Accrued Payroll Payable (0.90) (3,183.88)3,182.98


2550 - Prepaid Assessments 1,115.00 (211,290.85)212,405.85

2595 - Deferred Revenue 648,375.00 648,375.00 0.00



Owners' Equity


3000 - Operating Fund - Prior year 399,390.31 0.00 399,390.31

Owners Equity - Prior YearsTotal 399,390.31 399,390.31 0.00


3102 - Repair & Replacement Reserve - Prior Yrs 977,616.19 0.00 977,616.19

Capital Reserves - Prior YearsTotal 977,616.19 977,616.19 0.00

Owners' EquityTotal 1,377,006.50 1,377,006.50 0.00

Net Income / (Loss)


(27,110.83)

2,046,218.21

0.00

1,654,176.83

(27,110.83)

392,041.38


Lake Windcrest POA


OperatingJanuary 01, 2018 thru January 31, 2018


Actual Budget Year to Date (1 month)


Remaining Budget

Income

Income

4000 - Residential Assessments (640.00)49,125.00 48,485.00 48,485.00 49,125.00 (640.00) 589,500.00 541,015.00

4205 - Application Fees (29.00)29.00 0.00 0.00 29.00 (29.00) 350.00 350.00

4220 - Gate & Access Fees 58.00 42.00 100.00 100.00 42.00 58.00 500.00 400.00

4710 - Late Fees & Interest (1,748.99)833.00 (915.99) (915.99) 833.00 (1,748.99) 10,000.00 10,915.99

4720 - Legal Reimbursements (343.50)417.00 73.50 73.50 417.00 (343.50) 5,000.00 4,926.50

4805 - Compliance Fees (63.00)63.00 0.00 0.00 63.00 (63.00) 750.00 750.00

4900 - Interest Earned - Operating Accounts 23.81 63.00 86.81 86.81 63.00 23.81 750.00 663.19

47,829.32 50,572.00 (2,742.68) 47,829.32 50,572.00 (2,742.68)Total Income 606,850.00 559,020.68

47,829.32 50,572.00 (2,742.68) 47,829.32 50,572.00 (2,742.68)Total Operating Income 606,850.00 559,020.68

Expense

Administrative

5000 - General Administrative (42.00)42.00 0.00 0.00 42.00 (42.00) 500.00 500.00

5005 - Application/Processing (42.00)42.00 0.00 0.00 42.00 (42.00) 500.00 500.00

5010 - Bad Debt 1,186.64 250.00 1,436.64 1,436.64 250.00 1,186.64 3,000.00 1,563.36

5015 - Bank Charges (6.00)6.00 0.00 0.00 6.00 (6.00) 75.00 75.00

5025 - Billing/Collections (833.00)833.00 0.00 0.00 833.00 (833.00) 10,000.00 10,000.00

5035 - Decorations 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 5,000.00

5045 - Dues & Subscriptions 0.00 0.00 0.00 0.00 0.00 0.00 600.00 600.00

5075 - Meeting Expense (120.00)200.00 80.00 80.00 200.00 (120.00) 2,400.00 2,320.00

5090 - Office Supplies (83.00)83.00 0.00 0.00 83.00 (83.00) 1,000.00 1,000.00

5100 - Records Storage (233.00)233.00 0.00 0.00 233.00 (233.00) 2,800.00 2,800.00

5115 - Web Site Maintenance (13.00)13.00 0.00 0.00 13.00 (13.00) 150.00 150.00

5195 - Other Administrative Services 1,101.17 0.00 1,101.17 1,101.17 0.00 1,101.17 0.00 (1,101.17)

5200 - Community Events (771.18)1,250.00 478.82 478.82 1,250.00 (771.18) 15,000.00 14,521.18

5210 - Printing & Copying (417.00)417.00 0.00 0.00 417.00 (417.00) 5,000.00 5,000.00


Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage (375.00)375.00 0.00 0.00 375.00 (375.00) 4,500.00 4,500.00

3,096.63 3,744.00 (647.37) 3,096.63 3,744.00 (647.37)Total Administrative 50,525.00 47,428.37

Insurance

5400 - Insurance Premiums 58.96 1,893.00 1,951.96 1,951.96 1,893.00 58.96 22,712.00 20,760.04

1,951.96 1,893.00 58.96 1,951.96 1,893.00 58.96 Total Insurance 22,712.00 20,760.04

Utilities

6000 - Electric Service 61.39 1,500.00 1,561.39 1,561.39 1,500.00 61.39 18,000.00 16,438.61

6025 - Water Service (973.48)1,250.00 276.52 276.52 1,250.00 (973.48) 15,000.00 14,723.48

1,837.91 2,750.00 (912.09) 1,837.91 2,750.00 (912.09)Total Utilities 33,000.00 31,162.09

Landscaping

6100 - Grounds & Landscaping - Contract (0.03)19,575.00 19,574.97 19,574.97 19,575.00 (0.03) 234,899.65 215,324.68

6140 - Force Mow (42.00)42.00 0.00 0.00 42.00 (42.00) 500.00 500.00

6199 - Landscape Other 5,177.00 3,333.00 8,510.00 8,510.00 3,333.00 5,177.00 40,000.00 31,490.00

6200 - Irrigation Repair & Maintenance (375.00)375.00 0.00 0.00 375.00 (375.00) 4,500.00 4,500.00

28,084.97 23,325.00 4,759.97 28,084.97 23,325.00 4,759.97 Total Landscaping 279,899.65 251,814.68

Operations

6300 - Permits & Licenses 3,675.00 0.00 3,675.00 3,675.00 0.00 3,675.00 10,000.00 6,325.00

3,675.00 0.00 3,675.00 3,675.00 0.00 3,675.00 Total Operations 10,000.00 6,325.00

Contracted Services

6418 - Fountains/Ponds/Lakes Services 0.00 1,333.00 1,333.00 1,333.00 1,333.00 0.00 16,000.00 14,667.00

6440 - Safety & Security (233.00)4,583.00 4,350.00 4,350.00 4,583.00 (233.00) 55,000.00 50,650.00

5,683.00 5,916.00 (233.00) 5,683.00 5,916.00 (233.00)Total Contracted Services 71,000.00 65,317.00


6505 - Boat Dock Repair & Maintenance (417.00)417.00 0.00 0.00 417.00 (417.00) 5,000.00 5,000.00

6530 - Common Areas Repair & Maintenance 6,650.30 1,250.00 7,900.30 7,900.30 1,250.00 6,650.30 15,000.00 7,099.70

6545 - Electrical Supplies/Repair & Maintenance 232.72 42.00 274.72 274.72 42.00 232.72 500.00 225.28


Lake Windcrest POA






Remaining Budget

Expense


6585 - Fountain/Pond/Lake/Dam Rprs & Maint. (125.00)125.00 0.00 0.00 125.00 (125.00) 1,500.00 1,500.00

6645 - Locks & Keys Repair & Maintenance (42.00)42.00 0.00 0.00 42.00 (42.00) 500.00 500.00

6670 - Drainage Repair & Maintenance (3,333.00)3,333.00 0.00 0.00 3,333.00 (3,333.00) 40,000.00 40,000.00

6685 - Playground Maintenance/Repairs (1,250.00)1,250.00 0.00 0.00 1,250.00 (1,250.00) 15,000.00 15,000.00


6770 - Vandalism Repair & Maintenance (83.00)83.00 0.00 0.00 83.00 (83.00) 1,000.00 1,000.00

8,175.02 6,584.00 1,591.02 8,175.02 6,584.00 1,591.02 Total Repair & Maintenance 79,000.00 70,824.98


7000 - Audit & Tax Services (767.00)767.00 0.00 0.00 767.00 (767.00) 9,200.00 9,200.00

7005 - Consulting Services (125.00)125.00 0.00 0.00 125.00 (125.00) 1,500.00 1,500.00

7010 - Engineering Services (833.00)833.00 0.00 0.00 833.00 (833.00) 10,000.00 10,000.00

7025 - Legal Services - Collections (312.00)417.00 105.00 105.00 417.00 (312.00) 5,000.00 4,895.00

7030 - Legal Services - General Counsel 337.50 625.00 962.50 962.50 625.00 337.50 7,500.00 6,537.50

7035 - Legal Services - Deed Restrictions (625.00)625.00 0.00 0.00 625.00 (625.00) 7,500.00 7,500.00

7040 - Management Fees 302.39 7,680.00 7,982.39 7,982.39 7,680.00 302.39 92,160.00 84,177.61

7095 - Other Professional Services (83.00)83.00 0.00 0.00 83.00 (83.00) 1,000.00 1,000.00


Taxes


0.00 4.00 (4.00) 0.00 4.00 (4.00)Total Taxes 50.00 50.00

61,554.38 55,371.00 6,183.38 61,554.38 55,371.00 6,183.38 Total Operating Expense 680,046.65 618,492.27

(13,725.06) (4,799.00) (8,926.06) (13,725.06) (4,799.00) (8,926.06)Total Operating Income / (Loss) (73,196.65) (59,471.59)


Lake Windcrest POA


ReservesJanuary 01, 2018 thru January 31, 2018




Remaining Budget

Income

Income

4905 - Reserve Contribution Income 0.00 0.00 0.00 0.00 0.00 0.00 108,000.00 108,000.00

4910 - Interest Earned - Reserve Accounts 73.73 63.00 136.73 136.73 63.00 73.73 750.00 613.27

136.73 63.00 73.73 136.73 63.00 73.73 Total Income 108,750.00 108,613.27

136.73 63.00 73.73 136.73 63.00 73.73 Total Reserves Income 108,750.00 108,613.27

Expense

Reserve Expenses


9828 - Concrete Expenses 800.00 0.00 800.00 800.00 0.00 800.00 0.00 (800.00)

9910 - Playground Reserves 11,225.00 0.00 11,225.00 11,225.00 0.00 11,225.00 0.00 (11,225.00)



(13,385.77) 63.00 (13,448.77) (13,385.77) 63.00 (13,448.77)Total Reserves Income / (Loss) 108,750.00 122,135.77

Total Association Net Income / (Loss) (27,110.83) (4,736.00) (22,374.83) (27,110.83) (4,736.00) (22,374.83) 35,553.35 62,664.18


Feb 28, 2018Balance Balance

Jan 31, 2018 Change


Lake Windcrest POAAs of February 28, 2018

Assets

Operating Funds




1650 - Due to/From Reserves (93,939.05) (113,995.00)20,055.95


Reserve Funds

1300 - PPB Res CK #4618 73,828.29 (8,710.00)82,538.29



1651 - Due to/From Operating 93,939.05 113,995.00 (20,055.95)

Reserve FundsTotal 1,069,674.41 964,230.42 105,443.99

Accounts Receivable

1500 - Residential Assessments Receivable 102,207.88 (93,430.57)195,638.45

Accounts ReceivableTotal 102,207.88 195,638.45 (93,430.57)



1799 - Clearing Account 1,656.51 1,656.51 0.00

Other Current AssetsTotal 10,986.23 11,281.68 (295.45)

AssetsTotal 2,022,492.63 2,046,218.21 (23,725.58)

Liabilities

Liabilities

2015 - Returned Check Fee Payable 0.00 (30.00)30.00

2025 - Transfer Fee Payable 200.00 200.00 0.00

2036 - PMG Collections 4,129.74 2,420.00 1,709.74


Feb 28, 2018Balance Balance

Jan 31, 2018 Change


Lake Windcrest POAAs of February 28, 2018

Liabilities

Liabilities



2050 - Resident Refunds 0.70 0.00 0.70


2400 - Accrued Payroll Payable 3,170.50 3,171.40 (0.90)

2525 - Architectural Review Fees Deposit 32,795.00 1,925.00 30,870.00


2595 - Deferred Revenue 491,250.00 (157,125.00)648,375.00

LiabilitiesTotal 538,638.38 696,322.54 (157,684.16)


Owners' Equity



3005 - Equity Adjustments - Prior Periods 9,284.00 9,284.00 0.00

Owners Equity - Prior YearsTotal 408,674.31 399,390.31 9,284.00





Net Income / (Loss)


97,563.75

2,022,492.63

(27,110.83)

2,046,218.21

124,674.58

(23,725.58)


Lake Windcrest POA


OperatingFebruary 01, 2018 thru February 28, 2018




Remaining Budget

Income

Income

4000 - Residential Assessments 775.00 49,125.00 49,900.00 98,385.00 98,250.00 135.00 589,500.00 491,115.00

4205 - Application Fees 371.00 29.00 400.00 400.00 58.00 342.00 350.00 (50.00)

4220 - Gate & Access Fees 209.00 41.00 250.00 350.00 83.00 267.00 500.00 150.00

4710 - Late Fees & Interest 440.67 834.00 1,274.67 358.68 1,667.00 (1,308.32) 10,000.00 9,641.32

4720 - Legal Reimbursements (297.50)416.00 118.50 192.00 833.00 (641.00) 5,000.00 4,808.00

4805 - Compliance Fees 1,013.00 62.00 1,075.00 1,075.00 125.00 950.00 750.00 (325.00)

4900 - Interest Earned - Operating Accounts (2.18)62.00 59.82 146.63 125.00 21.63 750.00 603.37

53,077.99 50,569.00 2,508.99 100,907.31 101,141.00 (233.69)Total Income 606,850.00 505,942.69

53,077.99 50,569.00 2,508.99 100,907.31 101,141.00 (233.69)Total Operating Income 606,850.00 505,942.69

Expense

Administrative

5000 - General Administrative 92.44 41.00 133.44 133.44 83.00 50.44 500.00 366.56


5010 - Bad Debt (15.11)250.00 234.89 1,671.53 500.00 1,171.53 3,000.00 1,328.47

5015 - Bank Charges (7.00)7.00 0.00 0.00 13.00 (13.00) 75.00 75.00

5025 - Billing/Collections (834.00)834.00 0.00 0.00 1,667.00 (1,667.00) 10,000.00 10,000.00

5035 - Decorations 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 5,000.00


5075 - Meeting Expense (200.00)200.00 0.00 80.00 400.00 (320.00) 2,400.00 2,320.00

5090 - Office Supplies (78.60)84.00 5.40 5.40 167.00 (161.60) 1,000.00 994.60

5100 - Records Storage 15.40 234.00 249.40 249.40 467.00 (217.60) 2,800.00 2,550.60



5200 - Community Events (1,250.00)1,250.00 0.00 478.82 2,500.00 (2,021.18) 15,000.00 14,521.18

5210 - Printing & Copying (271.30)416.00 144.70 144.70 833.00 (688.30) 5,000.00 4,855.30


Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage (302.27)375.00 72.73 72.73 750.00 (677.27) 4,500.00 4,427.27

870.56 3,744.00 (2,873.44) 3,967.19 7,488.00 (3,520.81)Total Administrative 50,525.00 46,557.81

Insurance


1,951.96 1,892.00 59.96 3,903.92 3,785.00 118.92 Total Insurance 22,712.00 18,808.08

Utilities


6025 - Water Service (1,025.12)1,250.00 224.88 501.40 2,500.00 (1,998.60) 15,000.00 14,498.60

2,197.59 2,750.00 (552.41) 4,035.50 5,500.00 (1,464.50)Total Utilities 33,000.00 28,964.50

Landscaping


6140 - Force Mow (41.00)41.00 0.00 0.00 83.00 (83.00) 500.00 500.00

6199 - Landscape Other (3,334.00)3,334.00 0.00 8,510.00 6,667.00 1,843.00 40,000.00 31,490.00

6200 - Irrigation Repair & Maintenance (375.00)375.00 0.00 0.00 750.00 (750.00) 4,500.00 4,500.00

19,574.97 23,325.00 (3,750.03) 47,659.94 46,650.00 1,009.94 Total Landscaping 279,899.65 232,239.71

Operations

6300 - Permits & Licenses 0.00 0.00 0.00 3,675.00 0.00 3,675.00 10,000.00 6,325.00

0.00 0.00 0.00 3,675.00 0.00 3,675.00 Total Operations 10,000.00 6,325.00

Contracted Services

6418 - Fountains/Ponds/Lakes Services 0.00 1,334.00 1,334.00 2,667.00 2,667.00 0.00 16,000.00 13,333.00

6440 - Safety & Security (1,334.00)4,584.00 3,250.00 7,600.00 9,167.00 (1,567.00) 55,000.00 47,400.00

4,584.00 5,918.00 (1,334.00) 10,267.00 11,834.00 (1,567.00)Total Contracted Services 71,000.00 60,733.00


6505 - Boat Dock Repair & Maintenance (416.00)416.00 0.00 0.00 833.00 (833.00) 5,000.00 5,000.00

6530 - Common Areas Repair & Maintenance (4,800.00)1,250.00 (3,550.00) 4,350.30 2,500.00 1,850.30 15,000.00 10,649.70

6545 - Electrical Supplies/Repair & Maintenance (41.00)41.00 0.00 274.72 83.00 191.72 500.00 225.28


Lake Windcrest POA






Remaining Budget

Expense



6645 - Locks & Keys Repair & Maintenance (41.00)41.00 0.00 0.00 83.00 (83.00) 500.00 500.00





(3,522.94) 6,582.00 (10,104.94) 4,652.08 13,166.00 (8,513.92)Total Repair & Maintenance 79,000.00 74,347.92


7000 - Audit & Tax Services (766.00)766.00 0.00 0.00 1,533.00 (1,533.00) 9,200.00 9,200.00


7010 - Engineering Services (834.00)834.00 0.00 0.00 1,667.00 (1,667.00) 10,000.00 10,000.00

7025 - Legal Services - Collections (416.00)416.00 0.00 105.00 833.00 (728.00) 5,000.00 4,895.00

7030 - Legal Services - General Counsel (412.50)625.00 212.50 1,175.00 1,250.00 (75.00) 7,500.00 6,325.00

7035 - Legal Services - Deed Restrictions (475.00)625.00 150.00 150.00 1,250.00 (1,100.00) 7,500.00 7,350.00

7040 - Management Fees 148.76 7,680.00 7,828.76 15,811.15 15,360.00 451.15 92,160.00 76,348.85



Taxes


0.00 4.00 (4.00) 0.00 8.00 (8.00)Total Taxes 50.00 50.00

33,847.40 55,370.00 (21,522.60) 95,401.78 110,741.00 (15,339.22)Total Operating Expense 680,046.65 584,644.87

19,230.59 (4,801.00) 24,031.59 5,505.53 (9,600.00) 15,105.53 Total Operating Income / (Loss) (73,196.65) (78,702.18)


Lake Windcrest POA


ReservesFebruary 01, 2018 thru February 28, 2018




Remaining Budget

Income

Income

4905 - Reserve Contribution Income 0.00 108,000.00 108,000.00 108,000.00 108,000.00 0.00 108,000.00 0.00


108,158.99 108,062.00 96.99 108,295.72 108,125.00 170.72 Total Income 108,750.00 454.28

108,158.99 108,062.00 96.99 108,295.72 108,125.00 170.72 Total Reserves Income 108,750.00 454.28

Expense

Reserve Expenses


9828 - Concrete Expenses 0.00 0.00 0.00 800.00 0.00 800.00 0.00 (800.00)





105,443.99 108,062.00 (2,618.01) 92,058.22 108,125.00 (16,066.78)Total Reserves Income / (Loss) 108,750.00 16,691.78

Total Association Net Income / (Loss) 124,674.58 103,261.00 21,413.58 97,563.75 98,525.00 (961.25) 35,553.35 (62,010.40)


Mar 31, 2018Balance Balance

Feb 28, 2018 Change


Lake Windcrest POAAs of March 31, 2018

Assets

Operating Funds

1000 - Pacific Premier Bank CK - 4469 174,791.97 (364,985.39)539,777.36

1100 - Pacific Premier Bank MM - 5044 264,613.65 250,076.16 14,537.49


1650 - Due to/From Reserves 14,060.95 108,000.00 (93,939.05)


Reserve Funds

1300 - PPB Res CK #4618 63,703.92 (10,124.37)73,828.29

1325 - Pacific Premier MM Reserve - 5333 287,698.85 108,080.32 179,618.53


1651 - Due to/From Operating (14,060.95) (108,000.00)93,939.05

Reserve FundsTotal 1,059,753.02 1,069,674.41 (9,921.39)

Accounts Receivable





1799 - Clearing Account 1,481.56 (174.95)1,656.51


AssetsTotal 1,969,418.19 2,022,492.63 (53,074.44)

Liabilities

Liabilities


2025 - Transfer Fee Payable 0.00 (200.00)200.00

2036 - PMG Collections 4,269.74 140.00 4,129.74


Mar 31, 2018Balance Balance

Feb 28, 2018 Change


Lake Windcrest POAAs of March 31, 2018

Liabilities

Liabilities



2050 - Resident Refunds 1,800.00 1,799.30 0.70

2395 - Other Accrued Expenses 4,417.00 (500.00)4,917.00

2400 - Accrued Payroll Payable (70.77) (3,241.27)3,170.50


2550 - Prepaid Assessments 1,625.44 (620.00)2,245.44




Owners' Equity



3005 - Equity Adjustments - Prior Periods 9,284.00 0.00 9,284.00






Net Income / (Loss)


97,976.28

1,969,418.19

97,563.75

2,022,492.63

412.53

(53,074.44)


Lake Windcrest POA


OperatingMarch 01, 2018 thru March 31, 2018




Remaining Budget

Income

Income



4220 - Gate & Access Fees 208.00 42.00 250.00 600.00 125.00 475.00 500.00 (100.00)

4710 - Late Fees & Interest (57.38)833.00 775.62 1,134.30 2,500.00 (1,365.70) 10,000.00 8,865.70

4720 - Legal Reimbursements 499.23 417.00 916.23 1,108.23 1,250.00 (141.77) 5,000.00 3,891.77

4805 - Compliance Fees (63.00)63.00 0.00 1,075.00 188.00 887.00 750.00 (325.00)



51,208.09 50,573.00 635.09 152,115.40 151,714.00 401.40 Total Income 606,850.00 454,734.60

51,208.09 50,573.00 635.09 152,115.40 151,714.00 401.40 Total Operating Income 606,850.00 454,734.60

Expense

Administrative

5000 - General Administrative 91.92 42.00 133.92 267.36 125.00 142.36 500.00 232.64


5010 - Bad Debt (80.00)250.00 170.00 1,841.53 750.00 1,091.53 3,000.00 1,158.47

5015 - Bank Charges (6.00)6.00 0.00 0.00 19.00 (19.00) 75.00 75.00


5035 - Decorations 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 5,000.00


5075 - Meeting Expense 20.25 200.00 220.25 300.25 600.00 (299.75) 2,400.00 2,099.75

5090 - Office Supplies (75.50)83.00 7.50 12.90 250.00 (237.10) 1,000.00 987.10

5100 - Records Storage 6.40 233.00 239.40 488.80 700.00 (211.20) 2,800.00 2,311.20



5200 - Community Events (1,250.00)1,250.00 0.00 478.82 3,750.00 (3,271.18) 15,000.00 14,521.18

5210 - Printing & Copying (146.00)417.00 271.00 415.70 1,250.00 (834.30) 5,000.00 4,584.30


Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage (330.82)375.00 44.18 116.91 1,125.00 (1,008.09) 4,500.00 4,383.09

1,131.25 3,744.00 (2,612.75) 5,098.44 11,232.00 (6,133.56)Total Administrative 50,525.00 45,426.56

Insurance


1,951.96 1,893.00 58.96 5,855.88 5,678.00 177.88 Total Insurance 22,712.00 16,856.12

Utilities


6025 - Water Service (1,019.48)1,250.00 230.52 731.92 3,750.00 (3,018.08) 15,000.00 14,268.08

1,832.97 2,750.00 (917.03) 5,868.47 8,250.00 (2,381.53)Total Utilities 33,000.00 27,131.53

Landscaping

6100 - Grounds & Landscaping - Contract 561.97 19,575.00 20,136.97 59,286.91 58,725.00 561.91 234,899.65 175,612.74

6140 - Force Mow (42.00)42.00 0.00 0.00 125.00 (125.00) 500.00 500.00

6199 - Landscape Other (3,333.00)3,333.00 0.00 8,510.00 10,000.00 (1,490.00) 40,000.00 31,490.00

6200 - Irrigation Repair & Maintenance (375.00)375.00 0.00 0.00 1,125.00 (1,125.00) 4,500.00 4,500.00

20,136.97 23,325.00 (3,188.03) 67,796.91 69,975.00 (2,178.09)Total Landscaping 279,899.65 212,102.74

Operations



Contracted Services

6418 - Fountains/Ponds/Lakes Services (383.00)1,333.00 950.00 3,617.00 4,000.00 (383.00) 16,000.00 12,383.00

6440 - Safety & Security (383.00)4,583.00 4,200.00 11,800.00 13,750.00 (1,950.00) 55,000.00 43,200.00

5,150.00 5,916.00 (766.00) 15,417.00 17,750.00 (2,333.00)Total Contracted Services 71,000.00 55,583.00



6530 - Common Areas Repair & Maintenance (900.00)1,250.00 350.00 4,700.30 3,750.00 950.30 15,000.00 10,299.70



Lake Windcrest POA






Remaining Budget

Expense



6645 - Locks & Keys Repair & Maintenance 300.50 42.00 342.50 342.50 125.00 217.50 500.00 157.50





692.50 6,584.00 (5,891.50) 5,344.58 19,750.00 (14,405.42)Total Repair & Maintenance 79,000.00 73,655.42





7025 - Legal Services - Collections (197.27)417.00 219.73 324.73 1,250.00 (925.27) 5,000.00 4,675.27

7030 - Legal Services - General Counsel 650.87 625.00 1,275.87 2,450.87 1,875.00 575.87 7,500.00 5,049.13

7035 - Legal Services - Deed Restrictions 71.50 625.00 696.50 846.50 1,875.00 (1,028.50) 7,500.00 6,653.50

7040 - Management Fees 106.42 7,680.00 7,786.42 23,597.57 23,040.00 557.57 92,160.00 68,562.43



Taxes


0.00 5.00 (5.00) 0.00 13.00 (13.00)Total Taxes 50.00 50.00




Lake Windcrest POA


ReservesMarch 01, 2018 thru March 31, 2018




Remaining Budget

Income

Income

4905 - Reserve Contribution Income 0.00 0.00 0.00 108,000.00 108,000.00 0.00 108,000.00 0.00


202.98 63.00 139.98 108,498.70 108,188.00 310.70 Total Income 108,750.00 251.30

202.98 63.00 139.98 108,498.70 108,188.00 310.70 Total Reserves Income 108,750.00 251.30

Expense

Reserve Expenses


9828 - Concrete Expenses 5,466.00 0.00 5,466.00 6,266.00 0.00 6,266.00 0.00 (6,266.00)


9922 - Ponds & Lakes Expenses 0.00 0.00 0.00 1,500.00 0.00 1,500.00 0.00 (1,500.00)



(9,921.39) 63.00 (9,984.39) 82,136.83 108,188.00 (26,051.17)Total Reserves Income / (Loss) 108,750.00 26,613.17

Total Association Net Income / (Loss) 412.53 (4,736.00) 5,148.53 97,976.28 93,789.00 4,187.28 35,553.35 (62,422.93)


Apr 30, 2018Balance Balance

Mar 31, 2018 Change


Lake Windcrest POAAs of April 30, 2018

Assets

Operating Funds


1100 - Pacific Premier Bank MM - 5044 114,671.07 (149,942.58)264,613.65

1101 - Pacific Premier Bank MM ICS #044 529,385.70 150,073.01 379,312.69

1650 - Due to/From Reserves 14,577.20 516.25 14,060.95


Reserve Funds

1300 - PPB Res CK #4618 63,703.92 0.00 63,703.92

1325 - Pacific Premier MM Reserve - 5333 137,762.91 (149,935.94)287,698.85

1326 - Pacific Premier MM Reserve ICS #333 872,540.60 150,129.40 722,411.20

1651 - Due to/From Operating (14,577.20) (516.25)(14,060.95)

Reserve FundsTotal 1,059,430.23 1,059,753.02 (322.79)

Accounts Receivable





1799 - Clearing Account 0.00 (1,481.56)1,481.56


AssetsTotal 1,924,005.67 1,969,418.19 (45,412.52)

Liabilities

Liabilities


2036 - PMG Collections 4,889.74 620.00 4,269.74


Page 1 of 2Printed by Yue Jiang-AssociaHDQ on Thu Jun 28, 2018 04:26 pm

Apr 30, 2018Balance Balance

Mar 31, 2018 Change


Lake Windcrest POAAs of April 30, 2018

Liabilities

Liabilities


2050 - Resident Refunds 0.00 (1,800.00)1,800.00


2400 - Accrued Payroll Payable (109.33) (38.56)(70.77)

2525 - Architectural Review Fees Deposit 30,995.00 0.00 30,995.00





Owners' Equity









Net Income / (Loss)


104,564.32

1,924,005.67

97,976.28

1,969,418.19

6,588.04

(45,412.52)

Page 2 of 2Printed by Yue Jiang-AssociaHDQ on Thu Jun 28, 2018 04:26 pm

Lake Windcrest POA


OperatingApril 01, 2018 thru April 30, 2018




Remaining Budget

Income

Income



4220 - Gate & Access Fees 458.00 42.00 500.00 1,100.00 167.00 933.00 500.00 (600.00)


4720 - Legal Reimbursements 78.00 417.00 495.00 1,603.23 1,667.00 (63.77) 5,000.00 3,396.77

4805 - Compliance Fees (62.00)62.00 0.00 1,075.00 250.00 825.00 750.00 (325.00)



50,894.92 50,570.00 324.92 203,010.32 202,284.00 726.32 Total Income 606,850.00 403,839.68

50,894.92 50,570.00 324.92 203,010.32 202,284.00 726.32 Total Operating Income 606,850.00 403,839.68

Expense

Administrative

5000 - General Administrative (42.00)42.00 0.00 267.36 167.00 100.36 500.00 232.64


5010 - Bad Debt (250.00)250.00 0.00 1,841.53 1,000.00 841.53 3,000.00 1,158.47

5015 - Bank Charges (6.00)6.00 0.00 0.00 25.00 (25.00) 75.00 75.00


5035 - Decorations 2,696.12 0.00 2,696.12 2,696.12 0.00 2,696.12 5,000.00 2,303.88


5075 - Meeting Expense 70.00 200.00 270.00 570.25 800.00 (229.75) 2,400.00 1,829.75

5090 - Office Supplies (83.00)83.00 0.00 12.90 333.00 (320.10) 1,000.00 987.10

5100 - Records Storage (233.00)233.00 0.00 488.80 933.00 (444.20) 2,800.00 2,311.20



5200 - Community Events 580.17 1,250.00 1,830.17 2,308.99 5,000.00 (2,691.01) 15,000.00 12,691.01

5210 - Printing & Copying (417.00)417.00 0.00 415.70 1,667.00 (1,251.30) 5,000.00 4,584.30

Printed by Yue Jiang-AssociaHDQ on Thu Jun 28, 2018 04:26 pm Page 1 of 4

Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage (375.00)375.00 0.00 116.91 1,500.00 (1,383.09) 4,500.00 4,383.09

5,521.22 3,743.00 1,778.22 10,619.66 14,975.00 (4,355.34)Total Administrative 50,525.00 39,905.34

Insurance


1,951.96 1,893.00 58.96 7,807.84 7,571.00 236.84 Total Insurance 22,712.00 14,904.16

Utilities


6025 - Water Service (943.60)1,250.00 306.40 1,038.32 5,000.00 (3,961.68) 15,000.00 13,961.68

1,907.09 2,750.00 (842.91) 7,775.56 11,000.00 (3,224.44)Total Utilities 33,000.00 25,224.44

Landscaping


6140 - Force Mow 208.00 42.00 250.00 250.00 167.00 83.00 500.00 250.00

6199 - Landscape Other (2,771.00)3,333.00 562.00 9,072.00 13,333.00 (4,261.00) 40,000.00 30,928.00



Operations



Contracted Services

6418 - Fountains/Ponds/Lakes Services (1,150.00)1,333.00 183.00 3,800.00 5,333.00 (1,533.00) 16,000.00 12,200.00

6440 - Safety & Security (83.00)4,583.00 4,500.00 16,300.00 18,333.00 (2,033.00) 55,000.00 38,700.00




6530 - Common Areas Repair & Maintenance (1,250.00)1,250.00 0.00 4,700.30 5,000.00 (299.70) 15,000.00 10,299.70



Lake Windcrest POA






Remaining Budget

Expense



6645 - Locks & Keys Repair & Maintenance (42.00)42.00 0.00 342.50 167.00 175.50 500.00 157.50





0.00 6,584.00 (6,584.00) 5,344.58 26,334.00 (20,989.42)Total Repair & Maintenance 79,000.00 73,655.42





7025 - Legal Services - Collections (312.00)417.00 105.00 429.73 1,667.00 (1,237.27) 5,000.00 4,570.27

7030 - Legal Services - General Counsel 1,227.99 625.00 1,852.99 4,303.86 2,500.00 1,803.86 7,500.00 3,196.14


7040 - Management Fees 67.86 7,680.00 7,747.86 31,345.43 30,720.00 625.43 92,160.00 60,814.57



Taxes


0.00 4.00 (4.00) 0.00 17.00 (17.00)Total Taxes 50.00 50.00




Lake Windcrest POA


ReservesApril 01, 2018 thru April 30, 2018




Remaining Budget

Income

Income



193.46 62.00 131.46 108,692.16 108,250.00 442.16 Total Income 108,750.00 57.84

193.46 62.00 131.46 108,692.16 108,250.00 442.16 Total Reserves Income 108,750.00 57.84

Expense

Reserve Expenses

9800 - Drainage Reserves 516.25 0.00 516.25 7,887.12 0.00 7,887.12 0.00 (7,887.12)

9828 - Concrete Expenses 0.00 0.00 0.00 6,266.00 0.00 6,266.00 0.00 (6,266.00)



516.25 0.00 516.25 26,878.12 0.00 26,878.12 Total Reserve Expenses 0.00 (26,878.12)

516.25 0.00 516.25 26,878.12 0.00 26,878.12 Total Reserves Expense 0.00 (26,878.12)

(322.79) 62.00 (384.79) 81,814.04 108,250.00 (26,435.96)Total Reserves Income / (Loss) 108,750.00 26,935.96

Total Association Net Income / (Loss) 6,588.04 (4,738.00) 11,326.04 104,564.32 89,051.00 15,513.32 35,553.35 (69,010.97)


May 31, 2018Balance Balance

Apr 30, 2018 Change


Lake Windcrest POAAs of May 31, 2018

Assets

Operating Funds




1650 - Due to/From Reserves 55,670.75 41,093.55 14,577.20


Reserve Funds

1300 - PPB Res CK #4618 63,703.92 0.00 63,703.92



1651 - Due to/From Operating (55,670.75) (41,093.55)(14,577.20)

Reserve FundsTotal 1,018,525.82 1,059,430.23 (40,904.41)

Accounts Receivable




1600 - Prepaid Insurance 8,635.84 3,210.04 5,425.80


AssetsTotal 1,830,610.56 1,924,005.67 (93,395.11)

Liabilities

Liabilities

2015 - Returned Check Fee Payable 0.00 (60.00)60.00

2036 - PMG Collections 3,424.59 (1,465.15)4,889.74



Page 1 of 2Printed by Yue Jiang-AssociaHDQ on Wed Jul 25, 2018 07:36 am

May 31, 2018Balance Balance

Apr 30, 2018 Change


Lake Windcrest POAAs of May 31, 2018

Liabilities

Liabilities

2395 - Other Accrued Expenses 750.00 (1,000.00)1,750.00

2400 - Accrued Payroll Payable (109.33) 0.00 (109.33)






Owners' Equity



3005 - Equity Adjustments - Prior Periods 11,898.00 2,614.00 9,284.00

Owners Equity - Prior YearsTotal 411,288.31 408,674.31 2,614.00





Net Income / (Loss)


58,270.36

1,830,610.56

104,564.32

1,924,005.67

(46,293.96)

(93,395.11)


Lake Windcrest POA


OperatingMay 01, 2018 thru May 31, 2018




Remaining Budget

Income

Income



4220 - Gate & Access Fees 759.00 41.00 800.00 1,900.00 208.00 1,692.00 500.00 (1,400.00)


4720 - Legal Reimbursements (394.00)416.00 22.00 1,625.23 2,083.00 (457.77) 5,000.00 3,374.77

4805 - Compliance Fees (63.00)63.00 0.00 1,075.00 313.00 762.00 750.00 (325.00)



51,043.59 50,571.00 472.59 254,053.91 252,855.00 1,198.91 Total Income 606,850.00 352,796.09

51,043.59 50,571.00 472.59 254,053.91 252,855.00 1,198.91 Total Operating Income 606,850.00 352,796.09

Expense

Administrative

5000 - General Administrative 372.64 41.00 413.64 681.00 208.00 473.00 500.00 (181.00)


5010 - Bad Debt (250.00)250.00 0.00 1,841.53 1,250.00 591.53 3,000.00 1,158.47

5015 - Bank Charges (6.00)6.00 0.00 0.00 31.00 (31.00) 75.00 75.00


5035 - Decorations 0.00 0.00 0.00 2,696.12 0.00 2,696.12 5,000.00 2,303.88


5075 - Meeting Expense 107.90 200.00 307.90 878.15 1,000.00 (121.85) 2,400.00 1,521.85

5090 - Office Supplies 249.45 84.00 333.45 346.35 417.00 (70.65) 1,000.00 653.65

5100 - Records Storage 244.80 234.00 478.80 967.60 1,167.00 (199.40) 2,800.00 1,832.40

5115 - Web Site Maintenance 190.40 13.00 203.40 203.40 63.00 140.40 150.00 (53.40)


5200 - Community Events 1,086.89 1,250.00 2,336.89 4,645.88 6,250.00 (1,604.12) 15,000.00 10,354.12

5210 - Printing & Copying 1,378.68 416.00 1,794.68 2,210.38 2,083.00 127.38 5,000.00 2,789.62

Printed by Yue Jiang-AssociaHDQ on Wed Jul 25, 2018 07:36 am Page 1 of 4

Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage 1,072.97 375.00 1,447.97 1,564.88 1,875.00 (310.12) 4,500.00 2,935.12

7,871.73 3,744.00 4,127.73 18,491.39 18,719.00 (227.61)Total Administrative 50,525.00 32,033.61

Insurance


1,951.96 1,892.00 59.96 9,759.80 9,463.00 296.80 Total Insurance 22,712.00 12,952.20

Utilities


6025 - Water Service (100.73)1,250.00 1,149.27 2,187.59 6,250.00 (4,062.41) 15,000.00 12,812.41

2,733.82 2,750.00 (16.18) 10,509.38 13,750.00 (3,240.62)Total Utilities 33,000.00 22,490.62

Landscaping


6140 - Force Mow (41.00)41.00 0.00 250.00 208.00 42.00 500.00 250.00

6199 - Landscape Other (3,334.00)3,334.00 0.00 9,072.00 16,667.00 (7,595.00) 40,000.00 30,928.00



Operations



Contracted Services

6418 - Fountains/Ponds/Lakes Services (384.00)1,334.00 950.00 4,750.00 6,667.00 (1,917.00) 16,000.00 11,250.00

6440 - Safety & Security (834.00)4,584.00 3,750.00 20,050.00 22,917.00 (2,867.00) 55,000.00 34,950.00

6444 - Water Treatment/Lake & Fish Services 540.00 0.00 540.00 540.00 0.00 540.00 0.00 (540.00)




6530 - Common Areas Repair & Maintenance 6,600.55 1,250.00 7,850.55 12,550.85 6,250.00 6,300.85 15,000.00 2,449.15


Lake Windcrest POA






Remaining Budget

Expense






6685 - Playground Maintenance/Repairs (900.00)1,250.00 350.00 350.00 6,250.00 (5,900.00) 15,000.00 14,650.00



8,251.40 6,582.00 1,669.40 13,595.98 32,916.00 (19,320.02)Total Repair & Maintenance 79,000.00 65,404.02



7005 - Consulting Services 1,875.00 125.00 2,000.00 2,000.00 625.00 1,375.00 1,500.00 (500.00)



7030 - Legal Services - General Counsel 42.30 625.00 667.30 4,971.16 3,125.00 1,846.16 7,500.00 2,528.84


7040 - Management Fees 329.08 7,680.00 8,009.08 39,354.51 38,400.00 954.51 92,160.00 52,805.49

7095 - Other Professional Services 26.88 84.00 110.88 110.88 417.00 (306.12) 1,000.00 889.12

10,809.26 11,155.00 (345.74) 48,124.78 55,775.00 (7,650.22)Total Professional Services 133,860.00 85,735.22

Taxes


0.00 4.00 (4.00) 0.00 21.00 (21.00)Total Taxes 50.00 50.00


(5,389.55) (4,799.00) (590.55) 17,360.73 (23,998.00) 41,358.73 Total Operating Income / (Loss) (73,196.65) (90,557.38)


Lake Windcrest POA


ReservesMay 01, 2018 thru May 31, 2018




Remaining Budget

Income

Income


4910 - Interest Earned - Reserve Accounts 126.14 63.00 189.14 881.30 313.00 568.30 750.00 (131.30)

189.14 63.00 126.14 108,881.30 108,313.00 568.30 Total Income 108,750.00 (131.30)

189.14 63.00 126.14 108,881.30 108,313.00 568.30 Total Reserves Income 108,750.00 (131.30)

Expense

Reserve Expenses



9908 - Misc Expenses 1,975.00 0.00 1,975.00 1,975.00 0.00 1,975.00 0.00 (1,975.00)






Total Association Net Income / (Loss) (46,293.96) (4,736.00) (41,557.96) 58,270.36 84,315.00 (26,044.64) 35,553.35 (22,717.01)


Jun 30, 2018Balance Balance

May 31, 2018 Change


Lake Windcrest POAAs of June 30, 2018

Assets

Operating Funds



1101 - Pacific Premier Bank MM ICS #044 379,551.93 (149,923.67)529,475.60



Reserve Funds

1300 - PPB Res CK #4618 62,183.92 (1,520.00)63,703.92

1325 - Pacific Premier MM Reserve - 5333 106,112.72 (31,691.14)137,803.86


1651 - Due to/From Operating (55,670.75) 0.00 (55,670.75)

Reserve FundsTotal 985,458.09 1,018,525.82 (33,067.73)

Accounts Receivable






AssetsTotal 1,707,042.90 1,830,610.56 (123,567.66)

Liabilities

Liabilities

2036 - PMG Collections 3,004.59 (420.00)3,424.59



2395 - Other Accrued Expenses 0.00 (750.00)750.00


Jun 30, 2018Balance Balance

May 31, 2018 Change


Lake Windcrest POAAs of June 30, 2018

Liabilities

Liabilities

2400 - Accrued Payroll Payable (109.33) 0.00 (109.33)


2550 - Prepaid Assessments 4,855.44 285.00 4,570.44




Owners' Equity









Net Income / (Loss)


(15,432.30)

1,707,042.90

58,270.36

1,830,610.56

(73,702.66)

(123,567.66)


Lake Windcrest POA


OperatingJune 01, 2018 thru June 30, 2018




Remaining Budget

Income

Income


4205 - Application Fees (359.00)29.00 (330.00) 70.00 175.00 (105.00) 350.00 280.00

4220 - Gate & Access Fees 558.00 42.00 600.00 2,500.00 250.00 2,250.00 500.00 (2,000.00)



4805 - Compliance Fees (772.00)62.00 (710.00) 365.00 375.00 (10.00) 750.00 385.00



49,570.86 50,570.00 (999.14) 303,624.77 303,425.00 199.77 Total Income 606,850.00 303,225.23

49,570.86 50,570.00 (999.14) 303,624.77 303,425.00 199.77 Total Operating Income 606,850.00 303,225.23

Expense

Administrative



5010 - Bad Debt (250.00)250.00 0.00 1,841.53 1,500.00 341.53 3,000.00 1,158.47

5015 - Bank Charges (7.00)7.00 0.00 0.00 38.00 (38.00) 75.00 75.00


5035 - Decorations 0.00 0.00 0.00 2,696.12 0.00 2,696.12 5,000.00 2,303.88


5075 - Meeting Expense (200.00)200.00 0.00 878.15 1,200.00 (321.85) 2,400.00 1,521.85

5090 - Office Supplies (63.10)83.00 19.90 366.25 500.00 (133.75) 1,000.00 633.75

5100 - Records Storage 6.40 233.00 239.40 1,207.00 1,400.00 (193.00) 2,800.00 1,593.00

5115 - Web Site Maintenance (12.00)12.00 0.00 203.40 75.00 128.40 150.00 (53.40)


5200 - Community Events (1,250.00)1,250.00 0.00 4,645.88 7,500.00 (2,854.12) 15,000.00 10,354.12

5210 - Printing & Copying 56.10 417.00 473.10 2,683.48 2,500.00 183.48 5,000.00 2,316.52


Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage (241.07)375.00 133.93 1,698.81 2,250.00 (551.19) 4,500.00 2,801.19

930.93 3,744.00 (2,813.07) 19,422.32 22,463.00 (3,040.68)Total Administrative 50,525.00 31,102.68

Insurance


1,951.96 1,893.00 58.96 11,711.76 11,356.00 355.76 Total Insurance 22,712.00 11,000.24

Utilities


6025 - Water Service 325.54 1,250.00 1,575.54 3,763.13 7,500.00 (3,736.87) 15,000.00 11,236.87

3,141.01 2,750.00 391.01 13,650.39 16,500.00 (2,849.61)Total Utilities 33,000.00 19,349.61

Landscaping


6140 - Force Mow 123.00 42.00 165.00 415.00 250.00 165.00 500.00 85.00

6199 - Landscape Other (3,333.00)3,333.00 0.00 9,072.00 20,000.00 (10,928.00) 40,000.00 30,928.00



Operations



Contracted Services


6440 - Safety & Security (683.00)4,583.00 3,900.00 23,950.00 27,500.00 (3,550.00) 55,000.00 31,050.00





6530 - Common Areas Repair & Maintenance 29,875.00 1,250.00 31,125.00 43,675.85 7,500.00 36,175.85 15,000.00 (28,675.85)


Lake Windcrest POA






Remaining Budget

Expense




6645 - Locks & Keys Repair & Maintenance (42.00)42.00 0.00 393.35 250.00 143.35 500.00 106.65

6670 - Drainage Repair & Maintenance 14,589.66 3,333.00 17,922.66 17,922.66 20,000.00 (2,077.34) 40,000.00 22,077.34




49,047.66 6,584.00 42,463.66 62,643.64 39,500.00 23,143.64 Total Repair & Maintenance 79,000.00 16,356.36



7005 - Consulting Services (125.00)125.00 0.00 2,000.00 750.00 1,250.00 1,500.00 (500.00)



7030 - Legal Services - General Counsel 1,985.96 625.00 2,610.96 7,582.12 3,750.00 3,832.12 7,500.00 (82.12)


7040 - Management Fees 67.86 7,680.00 7,747.86 47,102.37 46,080.00 1,022.37 92,160.00 45,057.63

7095 - Other Professional Services (83.00)83.00 0.00 110.88 500.00 (389.12) 1,000.00 889.12

10,535.26 11,155.00 (619.74) 58,660.04 66,930.00 (8,269.96)Total Professional Services 133,860.00 75,199.96

Taxes


0.00 4.00 (4.00) 0.00 25.00 (25.00)Total Taxes 50.00 50.00


(40,634.93) (4,801.00) (35,833.93) (23,274.20) (28,799.00) 5,524.80 Total Operating Income / (Loss) (73,196.65) (49,922.45)


Lake Windcrest POA


ReservesJune 01, 2018 thru June 30, 2018




Remaining Budget

Income

Income


4910 - Interest Earned - Reserve Accounts 115.27 62.00 177.27 1,058.57 375.00 683.57 750.00 (308.57)

177.27 62.00 115.27 109,058.57 108,375.00 683.57 Total Income 108,750.00 (308.57)

177.27 62.00 115.27 109,058.57 108,375.00 683.57 Total Reserves Income 108,750.00 (308.57)

Expense

Reserve Expenses



9852 - Fences, Gates & Walls Expenses 31,725.00 0.00 31,725.00 31,725.00 0.00 31,725.00 0.00 (31,725.00)

9908 - Misc Expenses 0.00 0.00 0.00 1,975.00 0.00 1,975.00 0.00 (1,975.00)






Total Association Net Income / (Loss) (73,702.66) (4,739.00) (68,963.66) (15,432.30) 79,576.00 (95,008.30) 35,553.35 50,985.65


Jul 31, 2018Balance Balance

Jun 30, 2018 Change


Lake Windcrest POAAs of July 31, 2018

Assets

Operating Funds






Reserve Funds

1300 - PPB Res CK #4618 54,983.92 (7,200.00)62,183.92



1651 - Due to/From Operating (55,670.75) 0.00 (55,670.75)

Reserve FundsTotal 978,289.63 985,458.09 (7,168.46)

Accounts Receivable




1600 - Prepaid Insurance 24,219.83 17,535.95 6,683.88


AssetsTotal 1,655,736.99 1,707,042.90 (51,305.91)

Liabilities

Liabilities

2015 - Returned Check Fee Payable (30.00) (30.00)0.00

2036 - PMG Collections 2,064.59 (940.00)3,004.59



Page 1 of 2Printed by Janet Hampton on Thu Aug 23, 2018 04:17 pm

Jul 31, 2018Balance Balance

Jun 30, 2018 Change


Lake Windcrest POAAs of July 31, 2018

Liabilities

Liabilities

2400 - Accrued Payroll Payable 0.00 109.33 (109.33)


2550 - Prepaid Assessments 4,083.50 (771.94)4,855.44




Owners' Equity









Net Income / (Loss)


(14,180.60)

1,655,736.99

(15,432.30)

1,707,042.90

1,251.70

(51,305.91)

Page 2 of 2Printed by Janet Hampton on Thu Aug 23, 2018 04:17 pm

Lake Windcrest POA


OperatingJuly 01, 2018 thru July 31, 2018




Remaining Budget

Income

Income


4205 - Application Fees (29.00)29.00 0.00 70.00 204.00 (134.00) 350.00 280.00

4220 - Gate & Access Fees 358.00 42.00 400.00 2,900.00 292.00 2,608.00 500.00 (2,400.00)



4805 - Compliance Fees (63.00)63.00 0.00 365.00 438.00 (73.00) 750.00 385.00


4900 - Interest Earned - Operating Accounts (28.89)63.00 34.11 686.47 438.00 248.47 750.00 63.53

49,742.86 50,572.00 (829.14) 353,367.63 353,997.00 (629.37)Total Income 606,850.00 253,482.37

49,742.86 50,572.00 (829.14) 353,367.63 353,997.00 (629.37)Total Operating Income 606,850.00 253,482.37

Expense

Administrative


5005 - Application/Processing 18.00 42.00 60.00 295.00 292.00 3.00 500.00 205.00

5010 - Bad Debt 16.16 250.00 266.16 2,107.69 1,750.00 357.69 3,000.00 892.31

5015 - Bank Charges (6.00)6.00 0.00 0.00 44.00 (44.00) 75.00 75.00


5035 - Decorations 0.00 0.00 0.00 2,696.12 0.00 2,696.12 5,000.00 2,303.88

5045 - Dues & Subscriptions (290.00)600.00 310.00 310.00 600.00 (290.00) 600.00 290.00

5075 - Meeting Expense (70.00)200.00 130.00 1,008.15 1,400.00 (391.85) 2,400.00 1,391.85

5090 - Office Supplies (71.30)83.00 11.70 377.95 583.00 (205.05) 1,000.00 622.05

5100 - Records Storage 6.40 233.00 239.40 1,446.40 1,633.00 (186.60) 2,800.00 1,353.60

5115 - Web Site Maintenance (13.00)13.00 0.00 203.40 88.00 115.40 150.00 (53.40)


5200 - Community Events (1,250.00)1,250.00 0.00 4,645.88 8,750.00 (4,104.12) 15,000.00 10,354.12

5210 - Printing & Copying (169.20)417.00 247.80 2,931.28 2,917.00 14.28 5,000.00 2,068.72

Printed by Janet Hampton on Thu Aug 23, 2018 04:17 pm Page 1 of 4

Lake Windcrest POA






Remaining Budget

Expense

Administrative

5215 - Postage (312.24)375.00 62.76 1,761.57 2,625.00 (863.43) 4,500.00 2,738.43

1,901.50 4,344.00 (2,442.50) 21,323.82 26,807.00 (5,483.18)Total Administrative 50,525.00 29,201.18

Insurance


1,952.05 1,893.00 59.05 13,663.81 13,249.00 414.81 Total Insurance 22,712.00 9,048.19

Utilities


6025 - Water Service 845.22 1,250.00 2,095.22 5,858.35 8,750.00 (2,891.65) 15,000.00 9,141.65

3,654.09 2,750.00 904.09 17,304.48 19,250.00 (1,945.52)Total Utilities 33,000.00 15,695.52

Landscaping


6140 - Force Mow (42.00)42.00 0.00 415.00 292.00 123.00 500.00 85.00

6199 - Landscape Other (3,333.00)3,333.00 0.00 9,072.00 23,333.00 (14,261.00) 40,000.00 30,928.00



Operations



Contracted Services


6440 - Safety & Security 167.00 4,583.00 4,750.00 28,700.00 32,083.00 (3,383.00) 55,000.00 26,300.00





6530 - Common Areas Repair & Maintenance (930.00)1,250.00 320.00 43,995.85 8,750.00 35,245.85 15,000.00 (28,995.85)


Lake Windcrest POA






Remaining Budget

Expense


6545 - Electrical Supplies/Repair & Maintenance (42.00)42.00 0.00 274.72 292.00 (17.28) 500.00 225.28



6670 - Drainage Repair & Maintenance (3,333.00)3,333.00 0.00 17,922.66 23,333.00 (5,410.34) 40,000.00 22,077.34




419.05 6,584.00 (6,164.95) 63,062.69 46,084.00 16,978.69 Total Repair & Maintenance 79,000.00 15,937.31



7005 - Consulting Services (125.00)125.00 0.00 2,000.00 875.00 1,125.00 1,500.00 (500.00)



7030 - Legal Services - General Counsel (565.27)625.00 59.73 7,641.85 4,375.00 3,266.85 7,500.00 (141.85)


7040 - Management Fees 177.19 7,680.00 7,857.19 54,959.56 53,760.00 1,199.56 92,160.00 37,200.44

7095 - Other Professional Services 37.12 83.00 120.12 231.00 583.00 (352.00) 1,000.00 769.00


Taxes


0.00 4.00 (4.00) 0.00 29.00 (29.00)Total Taxes 50.00 50.00


8,420.16 (5,399.00) 13,819.16 (14,854.04) (34,198.00) 19,343.96 Total Operating Income / (Loss) (73,196.65) (58,342.61)


Lake Windcrest POA


ReservesJuly 01, 2018 thru July 31, 2018




Remaining Budget

Income

Income


4910 - Interest Earned - Reserve Accounts (31.46)63.00 31.54 1,090.11 438.00 652.11 750.00 (340.11)

31.54 63.00 (31.46) 109,090.11 108,438.00 652.11 Total Income 108,750.00 (340.11)

31.54 63.00 (31.46) 109,090.11 108,438.00 652.11 Total Reserves Income 108,750.00 (340.11)

Expense

Reserve Expenses


9828 - Concrete Expenses 7,000.00 0.00 7,000.00 13,266.00 0.00 13,266.00 0.00 (13,266.00)

9852 - Fences, Gates & Walls Expenses 0.00 0.00 0.00 31,725.00 0.00 31,725.00 0.00 (31,725.00)

9908 - Misc Expenses 0.00 0.00 0.00 1,975.00 0.00 1,975.00 0.00 (1,975.00)





(7,168.46) 63.00 (7,231.46) 673.44 108,438.00 (107,764.56)Total Reserves Income / (Loss) 108,750.00 108,076.56

Total Association Net Income / (Loss) 1,251.70 (5,336.00) 6,587.70 (14,180.60) 74,240.00 (88,420.60) 35,553.35 49,733.95


Ratify Project Approvals 1808G-001 July 6-7, 2018 – Commercial General Liability Policy The Board approved payment to renew the Commercial General Liability Policy for $19,488.00 with Wortham Insurance and Risk Management. Darin Reeser [6:56 PM] Approved Michelle Replogle [9:54 PM] Approved David Traicoff [10:28 PM] Approved Bryan Kurtz [8:41 AM] Approved John Pozadzides [12:32 PM] Approved July 23, 2018 – Removal of two dead trees at boat launch by Arbor Care for $650 Janet Hampton [11:22 AM] Approved July 27, 2018 – 2017 Review Engagement Letter Bryan Kurtz, Treasurer 1:40 p.m. Approved and signed Engagement Letter - Retainer $1,500, $155 per hour, approximate cost $4,500. July 27, 2018 – 2018-OM005 Mystic Cove Ditch (1b) Clean Out Schuler Services, $17,500 John Pozadzides [12:48 PM] Approved David Traicoff [12:54 PM] Approved Darin Reeser [1:33 PM] Approved Bryan Kurtz [1:39 PM] Approved Michelle Replogle [3:36 PM] Approved July 30-31, 2018 Edgewater Park Safety Bid Schuler Services $6,650.00 Michelle Replogle [9:57 PM] Approved David Traicoff [10:02 PM] Approved Darin Reeser [6:35 AM] Approved John Pozadzides [8:30 AM] Approved

1808G-002

LAKE WINDCREST SECURITY REPORT

June 2018

Traffic 69

Vacation Watches/ Building Check 23

Park Checks/ Citizen Contacts 27

Suspicious Vehicle 1

Unauthorized Vehicles 1

Welfare Check/Help Assist 14

Evading Arrest, Warrant Arrest 1

LAKE WINDCREST SECURITY REPORT

July 2018

Traffic66

Vacation Watches/ Building Check 24

Park Checks/ Citizen Contacts 26

Suspicious Vehicle 1

Unauthorized Vehicles 1

Welfare Check/ Help Assist 2

Animal Call 1

Motor Vehicle Crash 1

AGENDA ITEM

Board of Directors

Standing Committee Report

1808G-003

Committee: Community Services Committee

Date: August 28, 2018

Submitted by: Isabel Ross, Chairperson

2018 Activities or in the Planning:

Please join us for the Kids for Cops event September 9, 2018 from 2:00 p.m. - 4:00 p.m.

2018 Fall Garage Sale October 5-6, 2018 from 8:00 a.m. – 5:00 p.m.

Newsletter:

Please be sure to sign up for the Lake Windcrest Newsletter. To register go to:

http://www.lakewindcrestpoa.com/sign-up-for-newsletter/.

Any property owner is welcome to submit an article for the newsletter by the 25th of each

month. If interested, please submit your info here:

http://www.lakewindcrestpoa.com/newsletter/submit-an-article/.

We are always looking for articles on helpful hints & tutorials, travel, community news, events,

or personal interests.

Welcome Committee:

Plans are currently under way on reviving the Welcome Committee for our community. If

interested in helping support this committee in any way, please send an email to

[email protected] or [email protected]

Join in the FUN of helping to plan an event or join a committee!

http://www.lakewindcrestpoa.com/sign-up-for-newsletter/

http://www.lakewindcrestpoa.com/newsletter/submit-an-article/

mailto:[email protected]

mailto:[email protected]

Kids for Cops promotes positive relationships between youth and law enforcement through education and activities throughout the communities in Montgomery County, TX. The goal is for youth to grow up to be productive individuals in the community and to continue to create these positive relationships between their communities and law enforcement.

Kids for Cops Back to School Event

Lake Windcrest Community Event

Date: Sunday, September 9th, 2018

Time: 2 pm - 4pm

Location: Edgewater Park

Youth will interact with local law enforcement, check out police vehicles, write thank you notes, learn about stranger danger and submit poems for the upcoming law enforcement appreciation banquet.

Please be on the look out for more information to be posted on Next Door as the event approaches.

Americans Stand United, are volunteer citizens of our communities that build trust, show appreciation, and support towards our Law Enforcement Officers that protect and serve the citizens and our communities every day. Americans Stand United is a 501(c)(3) Non-profit Organization that was formed in Magnolia, TX in July 2016.

https://www.americansstandunited.net/abouttheprogram/

Jennifer Crawford, M.Ed.

Community Liaison

https://www.facebook.com/1798786700368423/photos/1957537514493340/

28342

Text Box

Community Services 1808G-003

Board of Directors Committee Report

Committee: Drainage, Lakes & Dams Committee - 1808G-004


Accomplishments:

- Bleyl Engineering and their surveying crew have completed most of their work to update the Drainage Study, including physical walk thru of the LW internal ditches (including golf course)

- Mystic Cove ditch cleanout has been completed - Motions submitted to Board for August meeting:

o Lower Serenity Spillway Toe Wall Installation (rebid): o Upper Serenity Spillway void repairs

- Committee walk Clubhouse – Cimarron corridor, providing stakes for vendor to submit bid for clearing

- Committee review of Cimarron detention pond / weir dam; contacted property owner and cleared area just east of the weir dam, decreasing detention pond level by ~18 inches.

- Lake Windcrest Curb Wall Repair – final details completed -

Priorities:

- Lower Serenity Spillway Toe Wall Installation (pending Board approval) - Upper Serenity Spillway void repairs (pending Board approval) - Completion of Drainage Study Update, including internal ditch capacity data (Bleyl) - Clubhouse – Cimarron corridor (County meeting) - Analysis of Mystic Cove ditch post-cleanout - Regular (Annual) Inspections of Dams by Bleyl Engineering and Committee – target

Sept., 2018 - Solicit bids for Azure Lake Dam shoreline erosion protection (riprap, Flexamax, Con-lok) - Bids for Bathymetric survey of lakes (Reserve Fund priority – the degree and type of

work to be determined when bids received) - Reserve Study participation

AGENDA ITEM

Board of Directors

Standing Committee Report

Committee: Grounds and Amenities Committee – 1808G-005


Submitted by: Darin Reeser, Board Liaison

FM 1488 Fence Project – Wow! The fence looks great. There was a great deal of preparation involved in this project and we are almost to the end. There is still some clean up to do but much of the work has been completed. Improvements at the Big Park – Please stop by and visit the Edgewater Park (the big park). Fresh mulch has been added to the playground and minor equipment repairs have been completed. Boat Launch – Yearly registration is required to access the boat launch. A couple of dead trees have been removed. Take a Walk on the Trails – The canopy on the trails has been trimmed. Take the time to walk on the trails and visit the bird watching area. Entrances – The entrances continue to look pristine and have never looked better. Join the Grounds and Amenities Committee - Various meetings are held from time to time with board members, community manager, contractors, etc. to discuss various projects in Lake Windcrest. Be part of the accomplishments of your community as your ideas are important. Melany Meadows Park – The Committee has begun the planning for improvements to the park. Mowing and Maintenance –Contracted mowing and maintenance for Lake Windcrest is a total of 6,679,529 square footage or a total of 153.34 acres. Please see breakdown below:

West Entry A&B—46,979 SF Center Entrance—74,570 SF Golf Entrance—50,213 SF Edgewater Park—214,441 SF Melany Meadows Park—17,201 SF Boat Ramp—47,905 SF Reserve 5: H & I—279,936 SF FM 1488—308,154 SF Community Roads—4,118,400 SF

Reserve J—44,075 SF Reserve K—115,782 SF Dam Lake Windcrest Spillway—352,028 SF Dam Upper Serenity—41,781 SF Dam Lower Serenity—236,437 SF Dam Azure Lake—62,930 SF Nature Trail—147,840 SF Pipeline—509,067 SF Ditch Drainage—11,790 SF

Agenda Item: 1808G-006

Title: Board Member Resignation


Motion to Board: Motion to accept Bryan Kurtz resignation.

Submitted: John Pozadzides

Moved by: ____________________ Second by: _______________________

Action: _______________________ Date: ____________________________


Title: Appointment to fill Board Vacancy


Purpose: To appoint one new member to the Board of Directors to fill

unexpired term.

Motion to Board: Motion to appoint Michele Goldman to fill one open position on the

Board of Directors to complete unexpired term ending April 2019.

Submitted: John Pozadzides


Action: _______________________ Date: ____________________________


Title: Bylaw Amendments


Purpose: Amend the current Bylaws to reflect the changes from legislative

sessions.

Background: Due to the changes in the law in the last two legislative sessions, the

Association Bylaws now contain conflicts with state law.

Cost: $1,500 plus filing fees.

Motion to Board: Motion to amended and restated Bylaws that bring the Association’s Bylaws

into compliance with state law.

Submitted: Michelle Replogle


Action: _______________________ Date: ____________________________


Title: Melany Meadows Park Improvements


Purpose: Address safety concerns at Melany Meadows Park

Background: The tables and benches have sharp edges creating a liability for the

Association.

Proposal: Replace the tables and benches for the safety of our residents.

Cost: $3,900 GL9910 Reserve

Motion to Board: Motion to accept the bid from Property Services for $3,900 for custom

tables and benches.

Submitted: Darin Reeser


Action: _______________________ Date: ____________________________


Title: Upper Serenity – Spillway Voids – Project 2018-R002


Purpose: Identity and provide solutions to fill voids from water seepage under

concrete spillway

Proposal: This project has had several phases to accomplish the repair of

voids under the Upper Serenity Spillway. First, the extent of the

voids needed to be determined, which was done by boring holes

through the face of the outflow side of the spillway. The next phase

was to grout and seal the top joint to eliminate further water

infiltration under the slab and allow the sub-base to dry out. These

phases were completed several months ago.

The final phase was to bore holes and check the condition of

identified voids under the slab. An inspection was completed

August 14, which identified voids ranging for ½” to 1-1/2”.

Recommendation: The committee recommends acceptance of the proposal from

Concrete Raising of $6,500 to fill the voids.

Cost & Funding: $6,500.00 – Reserve Fund GL R9828

Motion to Board: Move to approve Concrete Raising proposal of $6,500 to fill voids

under spillway slab to complete the final phase of this maintenance

project.

Submitted: David Traicoff


Action: _______________________ Date: ____________________________


Title: Lower Serenity Spillway – Concrete Repairs – Project 2018-

R010


Purpose: Make repairs to the upstream side of the Lower Serenity Spillway

Proposal: The spillway has experienced erosion under the slab on the

upstream side. Bleyl suggested a concrete toe wall be added to

remedy the issue. Bleyl provided engineered drawings for the repair

and submitted for TCEQ approval, which has been granted.

The Board approved the committee’s recommendation of a

contractor for this project in January. When the work was being

scheduled to start, the committee realized that the method to be

used by the contractor would not be acceptable. The contractor

suggested that the project be re-bid in order for his method and

pricing to be modified. This was done. Upon receipt of bids, the

committee selected Schuler Services for having the best

methodology to accomplish the project.

Recommendation: Accept proposal from Schuler Services

Cost & Funding: $26,467.54 – Reserve Fund GL R9828

Motion to Board: Move to approve Schuler Services proposal for $26,467.54 to

make necessary repairs to Lower Serenity spillway.

Submitted: David Traicoff


Action: _______________________ Date: ____________________________

lake windcrest property owners association board of ... · 8/28/2018 · the preferred vendor, for...

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