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The detailed financials for December (223 pages long) were reviewed by the Executive Finance Committee in accordance with the statutory requirements. Copies of the summary statements are available in the back of the room and have been posted to the website. December is the ninth month of our fiscal year, so the year-to-date totals reflect 3/4 of a year of operation. December revenue was ahead of projections by $3,000, driven again by interest income and lack of bad debt. Interest income fiscal year-to-date remained at an annual rate of $147,000, about $41,000 beyond our budget predictions a year ago. Expenses were lower than expected by $57,000, with the largest savings again being from irrigation water at $50,000, supplemented by savings from payroll and cable TV. We had forecast a gain for this month of about $34,000, but with the extra revenue and lower expenses we showed a net difference from budget for the month of $60,000, and an actual gain of about $93,000. Year-to-Date we have extra income of $99,000 and reduced expenses of $234,000 for a difference from budget of $332,000*, and an actual surplus of $164,000 compared to a budgeted loss of $169,000. (I wish to remind everyone again that these budgeted losses are mostly due to our payments of excess interest to the reserves of $89,000 and associated income tax liabilities of $44,000.) 4 | OHCC LIVING | FEBRUARY 2020 | The beginning of 2020 has seen a number of staffing changes within Community Patrol Services. As the third week of January closes out CPS has seen five officers transition out of OHCC and three new officers come on board within the last 30 days. These changes were primarily due to the high standards within the CPS team and one officer transferring out due to his being accepted to begin the LAPD academy. We wish Officer Irving Pino well as he pursues his goal of continuing service to country and community. On a more positive note, CPS has begun the 2020 Decal Event out on Cannon Road. We appreciate the resident's and tenant's patience as our officers assist in this important annual task. The event which is scheduled to end on Jan. 31, 2020 runs Monday through Friday, 9 am to 4:30 pm. The officers will make accommodations for special situations, but on a case-by-case basis. I wanted to take the opportunity to thank the Master Board and the HOA staff for their continued support and look forward to working together as we begin 2020. There is certainly room for improvement within the CPS team. As new officers join the CPS team, we expect them to meet the high standards of service OHCC residents, staff and guests should expect. As always, if you have any questions or recommendations please feel free to contact me at the Front Gate and I'd be happy to assist you. Please remember to abide by posted speed limits and obey all traffic signs. Safety is the objective, not citations. We all contribute to the culture of safety within the community. Safety doesn't happen by accident. Community patrol services By Scott Lemieux, CPS Director This far into our fiscal year, unexpected items and flawed budget guesses begin to show up. Overall our revenue is 2 percent higher and our expenses 4 percent lower than our predictions year-to-date. We have a few categories of revenue and expense which we have noted throughout the year, like interest income and water costs, for example, which have had a big positive impact on our operations. We have had some unexpected repair costs to streetlamps and to vehicles, a slight increase in our security contract costs and some utility costs which were higher than expected but have only a small impact overall. Accordingly, there are no expense items of concern which need to be brought to the attention of the Board or the members, and we are in a good position to prepare next year's budget. I am pleased to report that our HOA is in excellent financial condition and would be happy to answer any questions the Members may have about these financial statements or our finances in general. Treasurer's Report By Greg Kusiak, MBA, Treasurer, gregory_kusiak@msn.com 31 Dec. 2019 Operating Cash & Receivables $ 1,184,000 Reserves and Other $ 5,680,000 Total Assets $ 6,864,000 Reserve Obligations $ 5,640,000 Current Liabilities $ 394,000 Equity $ 8307,000 December Fiscal Year Income $ 655,000 $ 5,966,000 Expenses $ 561,000 $ 5,8021,000 Net $ 93,000* $ 164,000 *rounding error

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