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The financial report for the month of November 2021 was reviewed by the Treasurer of the Master Board and this report is based solely upon my review and analysis of the data shown. November is the eighth month of our fiscal year for 2021-2022. Revenue for the month is below projections by $1,200, mainly due to less interest income from our investments and less architectural fees (these fees were recently eliminated by action of the Master Board.) Expenses for the month were lower than projected by $32,000, with the majority of the variance deriving from common area landscaping and golf course water cost and contracted staffing costs. Surplus for the month is $25,000. Year-to-date over-budget items include multi-peril insurance costs, emergency and contracted tree services, common area sprinkler repairs, pool supplies (chlorine costs have skyrocketed), recreation programs, bus service and utilities costs for the clubhouse. Year-to-date under-budget items are due mostly to water savings and contracted staffing costs due to vacancies and OHCC's allocation of the PPP loan forgiveness to Keystone Pacific. We have less income of about $9,000 and reduced expenses of $321,000 for a difference from budget of $312,000 and an actual surplus of $104,000 compared to a budgeted loss of ($208,000). Overall, our revenue is about as expected and our expenses are 5.98% below our prediction year-to-date. Most of those savings, as mentioned before, are due to less water costs for irrigation and less staffing costs. Although the financial condition of the Association remains healthy at this point, the reality of increased costs for all of our goods and services, as we have seen already this fiscal year, remains our most significant concern. As we start the budgetary process for fiscal year 2022-2023, inflation will be the most prodigious element of that process and its affect on every aspect of the projected budgeted costs. Labor costs have risen as employers pay increased wages to retain employees and to entice new employees. Of late, costs for almost everything we use have shown similar trends in price increases. The budgetary process for the next fiscal year has begun with our first meeting on Dec. 10, 2021 utilizing the expanded Budget and Financial Advisory Committee which is comprised of some of the most experienced business leaders and professionals in our community. The committee, as well as the Master Board and staff, is committed to work diligently to preserve the quality of services and maintenance of our great community with the least amount of inevitable increase in our monthly dues. May each of you have a safe and comforting holiday season. ~ Respectfully submitted, Robert L. Fisher, Master Board Treasurer | OHCC LIVING | JANUARY 2022 | 5 30 November 2021 Operating Cash and Receivables $ 1,637,000 Reserves and Other $ 4,386,000 Total Assets $ 6,023,000 Reserve Obligations $ 4,295,000 Current Liabilities $ 742,000 Equity $ 986,000 November Fiscal Year Income $ 644,000 $ 5,153,000 Expenses 619,000 $ 5,049,000 Net (surplus) $ 25,000 $ 104,000 Treasurer's Report By Bob Fisher, OHCC Treasurer 2022 has arrived! Community Patrol Services will continue to focus on providing exceptional service to residents, staff and guests of Ocean Hills Country Club. As always, our priorities are access control, responding to medical emergencies within OHCC, safety of the community and enforcement of the HOA's Rules and Regulations. I'd like to thank the HOA General Manager, Wendy Panizza and her very capable staff for all their support in 2021. The communication and coordination between the HOA office staff and CPS are necessary to provide timely assistance to residents of Ocean Hills. Wendy's leadership is crucial to achieving that end. Please do your best to ensure your pet has a collar with a pet ID securely fastened to their body. CPS understands that pets can find their way outside of their home and yard. Community Patrol wants to reunite the pet with their owner as quickly as possible. A secure collar with a pet ID makes that easier for everyone. If a pet is recovered without a collar, the procedure CPS follows is to first contact the Ocean Hills Pet Lovers Club and then contact Animal Control authorities. Please be sure your veterinarian and San Diego Animal Control have your current contact information so in the event your pet is lost, you can be reunited as soon as possible. If there is a topic of interest you'd like to see Community Patrol address in this publication, please contact Scott Lemieux, Director, Community Patrol Services via email, phone or visit the Cannon Road guardhouse. Your suggestions are welcome. Community Patrol Services By Scott Lemieux, CPS Director

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