Image Up Advertising & Design

4 | OHCC LIVING | JULY 2021 | This report covers the financial performance of your community as of the end of May 2021. It will be my last Treasurer's Report. By the time you read this, my wife and I will have driven 2,000 miles to Pensacola, Florida, and are setting up our new primary residence that is ABC (Anywhere But California). Also, this writing will be followed by my final OHCC Master Board meeting, at which (hopefully) my successor will be confirmed – to the immense satisfaction of those who have suffered my criticism since last summer. Your new Treasurer will hit the ground running, however, because I will provide a job description (not yet approved by the board), plus a list of proposed goals and problems/challenges, and much more. So *YOU* can keep track of progress by your board, and the financial position of your community, here are a few items that should be addressed in forthcoming open meetings: Professionalism of business practices. Though I've proposed spending a few dollars to hire a part-time professional purchasing agent or buyer to review requests for purchase orders, the board has decided to spend almost as much to hire a consultant who will determine whether a buyer can help. HOA staff. The general lack of available people to fill jobs has inflicted grave penalties upon our management team, because attrition leaves vacancies that are extremely difficult to fill – and filling them in today's rapidly inflating labor economy applies enormous pressure upon our budget for payroll. There is no visible solution on the inflationary horizon, so this is an alert. Inflation. It's happening now, and we – OHCC homeowners – are being impacted. Inflation feeds upon itself. Rising costs of commodities (lumber, meats, grains, etc.), and energy are all pushing cost of living upward, which pressures cost of labor upward, all in a circular pattern that can rotate faster and faster. Increased taxation is on the horizon. The overall result of these changes will necessitate a rise in OHCC's monthly HOA assessments *OR* a reduction in services/amenities. Those on pension incomes will usually see a commensurate increase, but typical pension income rises follow inflation by as much as a year. That dollar gap can become painful, and as your departing Treasurer I feel compelled to warn the community of impending financial stress as budgets are distorted by the inflating economy. Golf course renovation. The golf course renovation is on schedule, and progress should be reported regularly in board meetings. Expect change orders, and voice your opinions! The well. The community voted to complete the well to provide irrigation water to the golf course, while reducing our dependence upon costly city water. Your vote was based on the board's assumption that a lake was mandatory, but the board has been informed that there may be a way to handle irrigation without a water storage resource, the omission of which would save a great deal of homeowner money. If it's determined that a lake is not needed for operational purposes, do you want to spend our HOA's treasure for purely aesthetic reasons? This will be discussed in future meetings – so stay alert for progress. Treasurer's Report By Henry Eisenson, Departing OHCC Treasurer Continued on following page

• Cover