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4 | OHCC LIVING | APRIL 2025 | Continued from previous page • Approved a change in the Bylaws of the Social Clubs Corporation • Authorized the replacement of certain Clubhouse sound system equipment at a cost of $6,244.17 • Approved removal of a pine tree encroaching on private property at a cost of $2,539 • Approved hard pruning of overgrown shrubs near Cordoba Way and Majorca Way at a cost of $8,089.18 • Conditionally approved wrapping the utility boxes opposite the Buttery Sanctuary with decorative coverings for a cost not to exceed $2,528 • Authorized the planting of 26 replacement trees in various locations at a cost of $4,921.97 • Approved a 6-month trial of ing golf on the golf course • Approved, the tabled for a minimum 28-day comment period, a revision of the Operating Rules related to nes • Approved, the tabled for a minimum 28-day comment period, a revision of the Operating Rules related to architectural lighting. We thank you for your interest in the aairs of your Association. e Executive Finance Committee met on March 3 to review Jan. 31 nancial statements. is review included comprehensive explanations of variances from the budget. Abbreviated nancial statements are posted on the website. e total variance from budget as of the 10th month of the scal year is $ 220,000. Additional income was realized from higher interest rates. Water expense increases have continued. Expense savings were realized from ecient use of personnel and open positions of Keystone sta. e Equity balance Jan. 31, 2025 is $824,124. Currently the state of the Association's nances remains sound and stable. On Feb. 5 the Master Board of Directors approved the budget for 2025-2026. e Master Board monthly assessment increase of $10 to $514, is an increase of less than two percent. is includes sucient funds for full operations and reserves. anks again to the Budget and Financial Advisory Committee (BFAC) committee members and the General Manager and sta for their business and nancial expertise and assistance with preparing this budget. Details of the budget are posted on the website. Treasurer's Report By Ann Collins, OHCC Treasurer Balance Sheet: January 31, 2025 Operating Cash and Receivables $ 1,283,047 Reserves and Other $ 4,350,484 Total Assets $5,633,531 Reserve Obligations $ 4,319,656 Current Liabilities $ 489,751 Total Liabilities & Obligations $ 4,809,407 Equity $ 824,124 Income Statement: Ten months ended January 31, 2025 Budget Actual Variance Income $ 8,363,242 $ 8,419,709 $ 54,467 Expenses $ 8,395,918 $ 8,232,385 $ 163,533 Net $ (32,676) $ 187,324 $ 220,000

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