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March is oen associated with green— symbolizing renewal and prosperity. In that spirit, this month's message focuses on Four Seasons Beaumont's nancial health, specically our reserve funds, which represent our long- term stability. A common guideline for reserve funding is that while 100 percent funding is ideal, a reserve level of 70 percent or higher is generally considered healthy. Our reserves are currently at 93 percent. When reserves fall below this threshold, the risk of special assessments increases. Funding levels are based on a reserve study, which projects anticipated repair and replacement costs over a 30-year period. Reserve balances rise as funds are contributed and decrease as they are used to replace components that have reached the end of their useful life. For example, reserve funds were recently used to resurface pool areas. In contrast, adding a new pool would be considered a capital improvement and would not be funded through reserves. Reserve funds are also not intended to cover operating expenses, such as utilities. ere are three types of reserve studies: Level I – Full Reserve Study: Includes both a physical inspection and a nancial analysis, with life expectancy estimates based on visual inspection. Level II – Update with Site Visit: Updates both the physical and nancial analyses of an existing study and includes a site inspection. Level III – Financial Update Only: Updates the nancial analysis using current fund data and information from Board members, vendors, and the General Manager. Civil Code requires an onsite reserve study at least once every three years. Four Seasons Beaumont completes a Level I or II study as required and conducts Level III updates in the interim years. Use of reserve funds is a normal and necessary part of maintaining the community. Board approvals for reserve-funded projects can be observed by attending Board meetings or viewing them on YouTube. Proper use of reserves allows the Association to address repairs promptly and avoid deferred maintenance, which can ultimately lead to costly special assessments. Maintaining healthy reserves also supports property values. Lenders oen review an HOA's reserve funding during the purchase or renancing process, and insucient reserves can result in loan denial. is underscores the importance of nancial stability within the Association. Four Seasons Beaumont does not rely on chance to maintain strong reserves. e Board of Directors, in collaboration with the Finance Committee, carefully plans each budget to ensure we are prepared for long-term maintenance and replacement needs. e Board of Directors meets on the second ursday of each month at 1 pm in the Ballroom, and all homeowners are encouraged to attend. In accordance with Civil Code, the Board cannot engage in dialogue during these meetings. For a more informal opportunity to speak directly with Board members, "Meet with the Board" is held on the third Wednesday of each month at 2 pm in the Ballroom, excluding matters under litigation. If you have questions or concerns, please contact me at kathycravenbod@yahoo.com or (714) 722-1301. ank you, and we wish you a pleasant and safe March. FOUR SEASONS BREEZE | MARCH 2026 5 Message from the Board By Kathy Craven, Board Vice President

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