SAN CATALDA2018 PRESIDENTS REPORT

Presented By Your Board Of DirectorsShelly Hill, President; Marcus Dittman, Treasure; Steven Tinajero, Secretary

It has been my privilege to serve as your Board President and I thank you for the opportunity.

Shelly Hill, President

San Catalda HOA

Note: All financial information contained in this report is approximate and used for information purposes only. To review San Catalda financial

documents, contact Sharp Management.

Welcome New Community Members

2018

March - Ari Orenstein Unit 9

April - William Salazar / Crystal Salazar Unit 5

June - Michelle Baylor / Melody Baylor Unit 14

October - Sean Olsen Unit 3

October - Syvilla Fields Unit 20

2019

January - Kiyoko Yokokawa - Unit 22

2018 Highlights and ChallengesHighlightsRepair, paint and seal Gym balcony. Includes removing wood fascia - February

Reserve Study completed by Barrera & Company - February

Started new Recycling program with city of Los Angeles - March

Renegotiated AT&T contract for lower cost - April

Painted all 4 lobby walls, base molding and doors, paint and seal 2nd and 3rd

floor walkway and landings on both stairwells – May

Installed vertical blinds in Gym – June

Installed photo cell timer for common area lighting – September

ChallengesPlumbing leaks continue to occur.

Violation with Fire Dept. requires confirmation and documentation. Will require updating our current pull stations to code. Working with Fire Dept. to verify specific requirements.

Account Balances For 2018

Operating account average is ~$5,600.

Reserve account at year end $43,437

Delinquencies consistently decreasing. One account remains delinquent. One account consistent on payment plan.

We continue to make great strides in our financial health, bringing our operating account to industry standard average and increasing our reserve account.

(*Note – $4000 on deposit with LADWP is included in our reserve funding)

Administrative

Board member attended Community Association Institute (CAI) speaker events Vendor introduction – April How to Avoid Litigation Speaker event – October 2018 Legislative Update – January 2019

Board member completed on line webinar training with Association Reserves for: Reserve Study Basics The Component List Financial Analysis The Funding Plan

Review and monitor governing documents Establish Realtor Guidelines Update Association Corporate Status Update Rule Enforcement Procedures Establish Gym Liability Waiver Form

Maintain San Catalda HOA website

Spending by Category

Largest percentage spent on Maintenance, Utilities and Insurance

Utility Comparison

An overall decrease in utilities by almost 10%. The most significant decrease is water of 42% decrease. Refuse Service increased due to the mandatory change implemented by the city in February 2018 of a 95% increase.DWP cost increase expected for 2019

20172018

2018 Electric Usage

Electric usage includes elevator

2018 Water Usage

Water usage significantly lower. We have stayed in the Tier 1 rating.

We must continue to stay on top of all leaks and address them as soon as possible to mitigate water costs

2018 Gas Usage

Common area gas usage is for hot water and gas dryers. Highest Average daily cost in Mar = $9.27. Lowest Average daily cost in Oct = $5.56.

Average Monthly Therms used 196Average Monthly Cost $214.00

Increase In Vendor Costs 2012 - 2018

All Vendors increased fees with most significant Refuse Contract

Maintenance Spending

Yearly Maintenance completed in 2018Roof inspection, maintenance and repairHydro jet all horizontal lines in garageSteam clean and inspect all trash chutes. Steam clean trash bin and areaPower wash garage floor

Reserve Maintenance costs from Reserve Account and are for maintenance and repair of major components. Details on next slide.Plumbing maintenance and repair continues to be high. Details on slide below.Details of General and Other Maintenance on slide below

Reserve Maintenance Spending

Solar Timer installed in courtyardPaint Project included:

Paint all lobby'sPaint and seal all walkwaysPaint and seal stair landings

Installed new blinds in the GymRepaired Gym balcony including paint and seal. Removed wood fascia from balcony front.Down Payment on new Gym Equipment

Maintenance: Plumbing

This amount includes 6 payments for the laundry room plumbing repairs.

General and Other Maintenance

Annual Maintenance and repair for trash chute, garage power wash, roof inspection and repair, fire extinguisher inspection and backflow test.

Purchased new folding chairs for use in gym

Locksmith replacement keys Drywall repairs