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8 | OHCC LIVING | JULY 2019 | Treasurer's Report By Greg Kusiak, MBA, Treasurer, gregory_kusiak@msn.com There are no noteworthy Under/(Over) Budget Items year-to-date other than the water expense reduction already noted, continued improved interest income and carryover expenses from last year. The Budget and Finance Advisory Committee continues to be active in reviewing our financial policies and practices, including our procurement policy and the process of determining adequate reserves. Also, the Board received and approved the audit for the fiscal year ended 3/31/2019. Per Civil Code 5305, the approved audit will be circulated to homeowners in the near future. Community Services Committee Lunch and Lecture with Dr. Rhee is on Thurs., Aug. 23 at 12 noon in Abravanel Hall. RSVP to the Clubhouse Front Desk to reserve a seat for lunch. The topic will be "Rediscover Your Inner Adonis: A Medical Look Into Longevity" and will cover the following: • Eating and exercise strategies the maturing male should adopt • Awareness of men's urologic health • Influence of diet and exercise on prostate health and prostate cancer Dr. Rhee's interests lie in the field of incontinence, urologic reconstruction, and minimally invasive techniques for BPH and is Co-Director of a Sexual Medicine/Reconstruction fellowship with Dr Irwin Goldstein in San Diego. Dr. Rhee earned his medical degree from Emory University School of Medicine in Atlanta, Georgia and completed his residency at the Kaiser Permanente Foundation Hospitals in Los Angeles. He received both his Bachelor of Science in Biology and his Bachelor of Arts in Political Science from Emory University. He received his MBA from The Anderson School of Management at UCLA in 2008 and is a graduate of the 2010-2011 AUA Leadership Class. ~ Sponsored by the Community Services Committee The OHCC Living requires all committees, clubs and groups to submit their article no later than 12 noon on the 6th of each month. MAXIMUM ARTICLE LENGTH IS 400 WORDS AND MAXIMUM NUMBER OF PHOTOS PER CLUB/GROUP IS THREE. This rule will be strictly enforced starting with the August 2019 issue. Please submit all articles and high resolutions photos to Lisa Wise at lwise@keystonepacific. com. Photos that are not high-res (300 dpi, 5 MB or higher) will not be printed. Thank you for your help! If you have any questions for our publisher, Image Up, you can call their office at (909) 797-3647 and they will be happy to assist. ATTENTION ALL CLUBS & GROUPS "REDISCOVER YOUR INNER ADONIS: A MEDICAL LOOK INTO LONGEVITY" We want to remind our members that the financial statements are available on our website. May is the second month of our new fiscal year, so the year-to-date totals reflect two months of operation. The Executive Finance Committee reviewed the financial reports for May. This month continues the trends of recent months. Revenue remained ahead of projections, and expenses were lower than expected, with the largest single piece being water by about $20,000. With extra revenue of over $6,000 and expenses lower by over $16,000, we showed a net surplus for the month of $23,000. Year-to-date we have extra revenue of $10,000 and reduced expenses of $54,000 for a net surplus of $64,000. Interest income on the reserves is currently about $6 per member per month. 31 May 2019 Operating Cash and Receivables $ 1,247,000 Reserves and Other 5,456,000 Total Assets $ 6,703,000 Reserve Obligations $ 5,382,000 Current Liabilities 769,000 Equity 552,000 May Fiscal Year Income $ 659,000 $ 1,316,000 Expenses 636,000 1,252,000 Net $ 23,000 $ 64,000 Dr. Rhee

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