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4 | OHCC LIVING | JANUARY 2021 | If you read my previous articles in the OHCC Living magazine, you know that the absence of bad news in the first sentence means… there isn't any. As usual, it takes a long time for our financial operations to wend their way to a published report. This article is available to readers in January, but was written in December from November data. There is always a considerable time gap between data generated and this written report to homeowners – and in that gap, anything can happen. This writing is prepared during that gap, and you'll be pleased to learn that nothing significant has emerged to change your Treasurer's opinion that we are doing very well, that OHCC is in superb financial health. In the previous edition of Living, I explained why it takes so much time for the information to get from the accountant's computer to our Homeowner readership. That sequence includes closing the month with a full accounting process at Keystone with oversight by our HOA management team, then a review by the Executive Finance Committee (on Dec. 16, this time), which reconciled operating and reserve accounts and validated their income/expense data, reviewed the statements by the many banks in which our treasure is deposited, then considered check registers, general ledger, and delinquencies. Once again, no significant mysteries were uncovered – but it took a long time. If you have ideas as to how the oversight and reporting process can be accelerated, please let me know. Any reader that wants details beyond this brief commentary is invited to log in to our HOA's website at www.oceanhillscountryclub. com, then >> Board/Villages/Committees >> OHCC Master Board >> OHCC Financials >> Financials >> 2020 >> October. It's a pleasure to report the continuing success of Strongroom software, which helps manage our disbursements processes and reduces opportunities for human error (though we're working on that!). In a previous report, I indicated that September's numbers were still in process due to an error in accounting for the unfortunate well project - that issue has been resolved, as current numbers indicate. Regarding "progress," after talking with some homeowners about the arithmetic, I've simplified and reduced the pertinent data to three lines, as the October closing numbers show: Operating cash, receivables, Reserves, capitol improvement funds, and misc. ............................................................... $7,732,981.39 Current liabilities ................................................. $436,061.72 Cumulative equity ................................................ $973,244.17 FINALLY – this is a call for homeowner comment, critique, and creativity. If you discover issues, can identify opportunities to improve our situation and processes, or can define justifiable financial changes of any sort, you'll get a hearing if you contact me directly. Treasurer's Report By Henry Eisenson, OHCC Treasurer • Review of the current Governor's orders and reaffirmation of the General Manager's authority to implement compliance measures as necessary. • Approval of a one-year renewal of the contract with No Vacancy, our shuttle service provider. • Authorization to continue the pay of any on-site Keystone employees adversely affected by the three-week stay-at-home order beginning Dec. 7. • Authorization of a subcommittee of the Website Committee consisting of Sid Saltzman, Henry Eisenson and myself to negotiate an agreement with Front Steps for an improved website, subject to final approval by the Board. • Discussion of current document storage contracts and related long-term storage costs. • Review of a presentation by Paul Bellomo regarding the potential costs and benefits of a conversion from gas-powered to battery- powered landscaping equipment. (Paul made a similar presentation at the Regular December Board meeting on Dec. 10 for the benefit of our Members.) During the Regular Meeting (via Zoom) of the Board on Thurs., Dec. 10 the Board: • Approved the Minutes of the meeting of Nov. 12, 2020. • Accepted the report of the Executive Finance Committee of Nov. 30. • Accepted the October 2020 Financial Reports. • Approved anticipated fund transfers exceeding $10,000. • Approved the charter of the Community Image & Marketing Committee. • Tabled until January the formal approval of a rule change regarding non-commercial signs. • Proposed a rule change to eliminate the requirement for ARC security deposits. • Tabled until January considering a proposed rule change relating to the Architectural Review Committee's role in matters affecting the Village HOA maintenance responsibilities. • Reviewed a Member concern at the ARC's request, resulting in the release of the Member's security deposit and waiving of any additional inspection fees. • Approved a Landscape Committee recommendation for tree trimming for a total of $1,800. By the time this message reaches you, it will be 2021. I will not repeat the mistake I have made a few times in my life by saying that 2021 has to be better than 2020, but I hope it will be. This year has been unique in many ways, most of them troublesome, but I genuinely look forward to the new year. On behalf of the Board of Directors of your HOA we wish you a healthy and prosperous 2021! President's Message, continued from page 3

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