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4 | OHCC LIVING | SEPTEMBER 2025 | • Approved the abbreviated financials for May 2025 • Approved fund transfers exceeding $10,000 • Approved filing liens, when eligible, on Account #P280121612980, Account #P280121609042 and Account #P280121610492 • Approved changes to the Operating Rules related to Part I, Sections L through O, then tabled them pending a Member comment period • Rejected a proposal to remove four golf course trees • Referred a proposal from the Image and Marketing Committee to overhaul common area signage to the Community Service and Citation Review Committees and to the Community Patrol and Association management • Approved a painting contract for community walls with Empire Works at a cost not to exceed $95,590 • Authorized the purchase of a short throw projector for Abravanel hall as recommended by the AV Committee at a cost not to exceed $5,500 • Accepted a proposal from the Village of Corfu to modify their irrigation water allocation formula effective April 1, 2025 • Authorized a trial period of permitting beverages in the Billiard room as recommended by the Community Service Committee • Authorized for an indefinite period the display of resident art at the Clubhouse Reception Desk. The vitality of this community is carried on the backs of a small but dedicated army of volunteers. Some of them fill the more challenging posts of serving on the Boards of the villages or the Master Association. Often when they make decisions in the best interests of their fellow residents, some of those who disagree are critical of them personally. At publication of this issue, the outcome of the current Master Board of Directors election is not yet known. But whatever that outcome, those who have been chosen to serve deserve your support — and your sincere thanks. Former President Teddy Roosevelt, in a speech he made in Paris 115 years ago, made this point dramatically: It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. e credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no eort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat. ~ eodore Roosevelt, Speech at the Sorbonne, Paris, April 23, 1910 I have honestly lost count, but I believe this is my 60th President's Report in OHCC Living. By the time this issue reaches your tube, your Association will have a new President. Please give her or him your support. It has been my honor to have served as your President these past five years, and I thank you for your continued interest in the affairs of your Association. Continued from previous page The Executive Finance Committee met on July 28 to review June 30 financial statements. This review included comprehensive explanations of variances from the budget. Abbreviated financial statements are posted on the website. The total variance from budget for three months of the fiscal year is $48,609. During the three months ended June 30, 2025, additional income was realized from higher interest rates. Open positions of Keystone personnel resulted in lower expenses. Required tree removals, trimming and replacements increased expenses. The equity balance at June 30, 2025 is $488,496. Currently the state of the Association's finances remains sound and stable. The completed fiscal year ended March 31, 2025 audit has been reviewed and approved for distribution. Audit adjustments will be ref lected in July 2025 statements. Treasurer's Report By Ann Collins, OHCC Treasurer Balance Sheet: June 30, 2025 Operating Cash and Receivables $ 982,952 Reserves and Other $ 5,152,854 Total Assets $6,135,806 Reserve & Capital Obligations $ 5,081,839 Current Liabilities $ 565,471 Total Liabilities & Obligations $ 5,647,310 Equity $ 488,496 Income and Expense Statement: ree months ended June 30, 2025 Budget Actual Variance Income $ 2,565,335 $ 2,576,610 $ 11,275 Expenses $ 2,593,577 $ 2,556,243 $ 37,334 Net $ (28,242) $ 20,367 $ 48,609

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