Timberview Estates WestHomeowners’ Association

Annual Meeting 2014

WELCOME!

2014 Annual Meeting Slideshow Presentation…

• 7:00 p.m. Call the meeting to order – Jerry Leeseberg, TEW BOD President

• Introductions & Determination of Quorum

• Special Guests – City of Flower Mound Code Enforcement; Rick Tetens & City of Flower

Mound Police Department; Officer Justin Buck will give an overview of our Community

• Approval of 2013 Annual Meeting Minutes

• 2013/2014 Budget Review

• Nominations for the Election of New Directors

• Open Discussion/Q & A – Board of Directors

• Election Results

• Adjourn Meeting

Annual Meeting Agenda

Accomplishments• Special assessment loan PAID IN FULL!

• Saving an estimated XXX in interest

• Updated main entry by adding sod to decrease color bed size

• Using more drought tolerant perennials

• Aggressively pursuing delinquent accounts as outlined by our governing documents

BudgetOverview

2013 2013 2014

December 2013 Budget Budget

Operating Income

Assessments $48,150 $48,150 $48,150

Specific Assessment – Brick Wall $42,800 $42,800

Other Income $9,623 $3,770 $2,387

Total Operating Income $100,573 $94,720 $50,537

Operating Expenses

Utilities $9,847 $9,300 $11,000

Landscape $18,309 $17,140 $16,890

Common Area Maintenance $0 $3,000 $0

General & Admin $26,178 $19,474 $13,200

Committees $397 $1,000 $250

Insurance $3,426 $3,576 $3,602

Total Operating Expense $58,157 $53,490 $44,942

Net Income $42,416 $41,230 $5,595

Budget continued…• Utilities

• Although the costs in electricity and water are less than anticipated due to the

strict watering restrictions, we will continue to stay conservative in nature for

future energy costs

• Landscape – no anticipated increases

• Administrative

• Monthly management fees have not increased; however, due to a change in

collection agency service providers all collections activities are handled directly by

the HOA’s attorney. Therefore the increase noted in administrative costs during

2013 is due to collection filing fees being paid at time of filing.

• Keep in mind all fees are charged back to the owner should their account be in

legal.

As always…. we will

• Continue to promote and organize community events

• Organize and promote the semi-annual garage sale (newspaper ads, etc.)

• Encourage and develop community bonds within our own community,

neighboring communities and with the city

• Maintain the integrity of the covenants in place and be fiscally responsible in

planning for the HOA’s future

Helpful numbers & linksPolice Department

Ph: 972.539.0525

Anonymous Crime Tip Line: 972.874.3307

Fx: 972.874.3362

Emergency: 9 - 1 – 1

Please visit the website: www.timberviewestateswest.com for information and

news

Connect : http://texas.fsrconnect.com/timberviewestates

FirstService Residential Contact InformationManagement ContactsCindy Martin 214-451-5470Association Manager cindy.martin@fsresidential.com

Management CompanyFirst Service ResidentialMailing Address 3102 Oak Lawn, Suite 202

Dallas, Texas 75219

Telephone 877-378-2388 (24/7)

Fax 214-889-9980

DepartmentsCustomer Service Center 877-378-2388 (24/7)

Dallas office hours 8:30 – 5:30, Monday – Friday

24 Hour Emergency # 877-378-2388 (24/7)

Timberview Estates WestHomeowners’ Association

Annual Meeting 2014

Thank you!