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By the time this article is printed, the new year of 2022 will be one month old… so Happy New Year to all and my wish for all to live safe and well. The financial report for the month of December, 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 as the Executive Finance Committee has not met as of this writing. December represents the three-quarter mark of our fiscal year of 2021-2022. Revenue for the month is below projections by $2,400, mainly due to less interest income from our investments and less income from clubhouse rentals, clean up fees, and Clubhouse services. Expenses for the month were lower than projected by $27,000, 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 $30,500. Year-to-date over-budget items remain as in past months for 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 $12,000 and reduced expenses of $348,000 for a difference from budget of $336,000 and an actual surplus of $135,000 compared to a budgeted loss of ($202,000.) Overall, our revenue is about as expected and our expenses are 5.79% 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. The financial condition of the Association is healthy as of this report. The reality, moving forward, is that inflation is real and is impacting the costs of all of our goods and services. This topic is one of the major concerns of the Budget and Finance Advisory Committee as is our contributions to reserves and the percent funded of our reserves. The BFAC has met several times and is analyzing every item of costs in our budget as well as the reserve study completed recently. The goal of the BFAC remains to ensure that the quality of services and maintenance of our great community is secured with the least amount of increase in our monthly dues. Four straight years of no increase in assessments was a tremendous feat and was commendable. However, with the impact of current inflationary pressures, and with the pressures to keep our reserves funded to an acceptable level, the committee will be severely hampered and challenged to not recommend an increase in monthly assessments. Mark your calendars for the special Board meeting on Feb. 3 at which the recommendations of the BFAC will be presented. | OHCC LIVING | FEBRUARY 2022 | 5 31 December 2021 Operating Cash and Receivables $ 1,745,000 Reserves and Other $ 4,317,000 Total Assets $ 6,062,000 Reserve Obligations $ 4,317,000 Current Liabilities $ 728,000 Equity $ 1,017,000 December Fiscal Year Income $ 643,000 $ 5,796,000 Expenses 612,500 $ 5,661,000 Net (surplus) $ 30,500 $ 135,000 Treasurer's Report By Bob Fisher, OHCC Treasurer As a reminder the golf course is still closed. Community Patrol Services continues to receive reports of people walking on the golf course. If a resident or guest is found walking on the golf course a citation will be issued to the resident. If you observe anyone walking on the course, please contact CPS so that an officer can be dispatched to address the violation. If you or your pet are the victim of a violent encounter with a resident's or guest's pet, please contact both the San Diego Humane Society and Oceanside Police Department, as well as notifying Community Patrol Services. It is important to get the appropriate authorities involved. If the injury to a resident or guest is severe contact 9-1-1 immediately for medical assistance. San Diego Humane Society: https://www.sdhumane.org/services/ humane-law-enforcement/ Oceanside Police Department: (760) 435-4900 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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