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| OHCC LIVING | JULY 2021 | 5 Unused OHCC land. That 19,000 sq ft triangular plot across Shadowridge from the back gate belongs to OHCC and is periodically cleared (to reduce fire hazard) at our expense. For decades, your treasure has been depleted by that cost. Thanks to director Jerry Gorman, the board is now examining ways to use that land, and now has a formal appraisal of its value, the first step in selling it – either would benefit the HOA. Solar – SOLAR! As I've argued for years, the HOA would benefit greatly from a solar installation to offset the cost of energy used in the Clubhouse, HOA office, etc. The best location would be atop shade structures over our RV parking lot. Cost would be about a million dollars, and at today's SDG&E rate (assuming – HAH! – no increases) payback would be in 10 years. It's the same sort of solution adopted by universities, churches, schools,etc. – we definitely have breadcrumbs to follow. Whether or not your board takes this (prudent!) step may depend upon community support – please add yours! Emergency Messaging System. The existing system is archaic, expensive (requires $$ landline), and only works if the button(s) can be reached. In this parting note I suggest that you – OHCC residents – adopt a more efficient solution that uses speech recognition. You do NOT need HOA approval for this. You can buy Amazon or Google speech recognition devices that permit you to call the front gate using only your voice. The Amazon devices can become part of the new Guard service which, at $50 per year (per YEAR!) will connect you with a call center that can contact emergency services when you need help. Emergency preparedness. As many residents know, I've been a strong advocate for contingency planning. COVID-19 taught us how unprepared we are for emergencies, but pandemic is not the only problem on the horizon, though COVID 20 and 21 are certainly enroute. The next earthquake is also coming, and there are other crises possible. I strongly recommend that you – and your board – actively support SERT as our primary source of immediate emergency services. The board has received guidance from legal counsel suggestion that "OHCC is not in the security business" – despite the wall, gate, uniformed security personnel, AEDs, roving patrols, and more. Legal opinion is that there is more risk of liability due to a fault in an emergency response system than the risk of not having one. It's up to the board to decide whether to accept that increased risk. It's not really a financial issue, but is within my purview as a board member – hence this note. Real estate. Last month I reported on skyrocketing OHCC home values, and can confirm that the trend continues today and may even be escalating as inflation grows. Your immediate response might be "So what? I have no plan to sell this house!" Your home's inflating valuation, coupled with low interest rates, means you have a financial well from which you may be able to draw funds. The prudent solution could be a HELOC – home equity line of credit, which depends upon home value, existing mortgage, and income (ability to repay). I advise you to talk with your bank before the actual need arises… OHCC FINANCIAL PERFORMANCE A simple summary: as usual, our community is doing fine, though we are beginning to see inflationary pressures that will dictate an increase in monthly homeowner assessment. Hope for a fiscal miracle, but plan for higher expenses. Here's my usual compression of OHCC's financial data from May 31 – the details of which can be found on the OHCC website. What's less usual is that reader suggestions for change, expansion, further compression, more/less commentary, etc. must be sent to my successor who certainly can shape this report as deemed appropriate. May Budget Actual Assets Liabilities Income $645,301 644,999 Total equity $1,038,493 Current $496,595 Expenses 654,628 671,053 Operating cash 1,119,943 Reserves 4,072,581 Surplus (deficit) (9,328) (26,054) Receivables 104,739 Cap imp res 997,886 Other assets 310,406 Retained earnings 995,259 Year to date Cash reserves 4,072,581 Current surplus 43,234 Income 1,290,601 1,292,454 Capital improvement 997,886 Expenses 1,309,256 1,249,219 Total assets 6,605,555 Liabilities+equity 6,605,555 Year to date (18,655) 43,234 Continued from previous page Movies are back in the Clubhouse starting July 9! fridays 5 pm • saturdays 2 & 5 pm • sundays 2 & 5 pm

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