FOREST PARK PROPERTY OWNER’S ASSOCIATION (FPPOA)GENERAL MEMBERSHIP MEETING

October 24, 2013

The meeting was called to order by 1st Vice President Campbell at 7:00 p.m. with the request to silence all cell phones, followed by the Pledge of Allegiance to the Flag.

There were 44 in attendance. Since there was no quorum, the meeting was informational only.

Roll Call:

Officers Directors President, Bob Dickerson Via Teleconference Jim Arthur Present 1st VP, Betty Campbell Present Jim Barnett Via Teleconference 2nd VP, Jan Orlando Excused Judy Birkhead Via Teleconference Secretary, Bob Lang Present Pete Lawrence Present Treasurer, John Wright Excused Lou Smith Present

Richard Taylor Present Jim Ullrey Present Jack Watson Excused

Secretary, Bob Lang: Minutes of the April 18, 2013 meeting were read. Motion was made by Becky Conrad to accept. Seconded. Motion Carried.

Treasurer’s Report, John Wright: Bob Lang reported for John that due to the recent government shutdown, the Consumer Price Index (CPI) figures for the end of 3rd Quarter were not available for his use in computing fees for 2014. He suggested using the August 2012 to August 2013 CPI, and the Board agreed with this approach. The handout, Attachment "A" shows the proposed fee schedule and adjustments to the income predictions that were presented to the membership last spring. The monthly fee for a member with residence on a single lot is proposed to increase by one dollar to $71 / month. A -3% discount is proposed for payment of full annual fees by January 25, 2014. Gene Murphy asked if the Office would be able to accept his annual payment as early as Christmas 2013. Bob agreed that we would, however, the payment would not be processed until after December 31, 2013. Members will vote to "Approve" or "Disapprove" the final budget at the November 21st meeting. Absentee ballots will be available from the Office after October 29, 2013.

Nominating Committee: Delores Holmes (Chairperson), and members Betty Hult, Dale Monette, Ray Preston & Monica Small were announced to the membership. Delores expressed thanks to the 5 Officers & 3 Directors whose terms will expire in January, and, she encouraged members to step forward & run as candidates. Her committee, our Office staff & all current Board members are available for any questions you may have.

Speakers

Betty Campbell (speaking for Bernie Booth) announced that the Board enthusiastically approved the continuance of the annual Christmas Toy Drive for the children of Suncoast.

Committee Reports

Page 1 of 3

FOREST PARK PROPERTY OWNER’S ASSOCIATION (FPPOA)GENERAL MEMBERSHIP MEETING

October 24, 2013

Jim Arthur, Insurance: Our policy & premiums for 2014 should be very close to those of 2013, and as such, should be well under the budgeted amount.

Jim Barnett, Planning: Work on the Mini-Golf site should resume shortly as committee members return to the park. Bob Lang added that if a vote is ultimately required, the committee's proposal will probably be made on November 21st with the vote to occur on December 19th. This schedule will allow adequate time for members' deliberation and the processing of Absentee Ballots.

Judy Birkhead, Pool: Minor pool repairs are in progress. Changing the times for water aerobics are under consideration. When Judy returns to the park she will seek bids for repair of the pool deck.

Betty Campbell, 1 st Vice President: Things have been great in the park all summer.

Bob Dickerson, President: Nothing to report.

Bob Lang, Secretary’s Report: Welcome to William & Cheryl O'Loughlin, 519 Blossom Ct (from CT), Kathy & James Helmick, 229 Shrub N. (from OH), William & Kelly Leonard, 337 Shrub S. (from DE), Linda Knipe, 213 Shrub N. (from NY), Michael Desmond, 762 Knotty Pine (from NY), Carol Cottrell, 746 Knotty Pine (from IN), and Andy & Vickie Tetzloff, 338 Shrub S. (from IN). Also Norman & Brenda Palmer, 230 Shrub N. have relocated themselves from Forest Park Drive. None were present at the meeting, but they all received our most heartfelt welcome.

Pete Lawrence, Trash & Recreational Vehicle Area (RV Area): One small spot is currently available. Thanks to Ray Preston for all of his effort in recycling.

Jan Orlando, 2 nd Vice President: No report as she is excused.

Lou Smith, Security: Thank you to the summer residents for Security Patrol. We will appreciate all help from returning "snowbirds." Beware of scams that are offered to you with deals that are "too-good-to-be-true." They probably are nothing more than a scam to get your credit card number.

Richard Taylor, Ditches & Drains: No report. Everything is running smooth.

Jim Ullrey, Cable Television & Security Cameras: Thanks to our summer volunteers who have been instrumental in keeping our security cameras operational. Our DVR was replaced under warranty.

Jack Watson, Grounds: No report as Jack was excused.

John Wright/Doug Ford (for Wi-Fi): No report. Bob Dickerson reported that Comcast is making a proposal to Forest Park for re-cabling of the park. We are awaiting their final contract offer.

Old BusinessNone

New BusinessNone because of Informational Meeting, only.

Page 2 of 3

FOREST PARK PROPERTY OWNER’S ASSOCIATION (FPPOA)GENERAL MEMBERSHIP MEETING

October 24, 2013

Announcements

Mary Gibson, Health & Wealfare: Flu shots are planned for November 5th from 9:30 -- 11:am in the Activities Building.

Gail Ford, Social Club: November 11th will be the Veterans' Day Parade. Volunteers are need for Tuesday night bingo callers.

Meeting was adjourned at 7:42 p.m. by motion of Gene Murphy, and seconded. Motion Carried

Respectfully submitted, Bob Lang, Secretary

Page 3 of 3

2014 Budget, Draft Proposal October 18,2013Budgeted IncomeMaintenance fees for 2014 arc linked to the CPI-U. We normally take the value for the 12 months ending at the thirdquarter ofthe current year, but this is not yet available. Therefore, to meet our normal schedule for preseitation anddiscussion, we have taken the CPI-U value for the 12 months ending August 31. The value is loweithan projected whenthe draft budget was prepared last February, which will lower our budgeted income by approximately g8,-000. This hasbeen deducted from the previous projection for funding for improvements. The fee schedule proposed is:

Monthlv Fee

$71

$t22$173$108$184

Adiscount of -3Vo,willapplyforpaymentof feesforthe 2Ol4year,if paidbyJanuary ZS,Z0l4

Member with residence on single lotMember with residence on a double lotMember with residence on a triple lotNon-member with residence on a single lotNon-member with residence on a double lot

/) f,Ar/r,*{"15 "

26955

66390,k

Estimated Income in 20i4Maintenance fees

Interest388*

1

Estimated Exoenditure in 2Ol 4Operating expenseReserve fund contribution

Other I Improvement spending or fundingTotal Income 390 x Total spending or funding*Fee income estimate is based on CPI value of 1-.5 x L.5 = 2.25a/o increase over 201-3.

Balance @ start of 2013 Inflow Outflow Balance @ end of 2013

261 0Operating fund 261Reserve fund (calc.Febl l) 508 55 As reqd. 563 (less reserve exp.)Improvement fund 41 6g As selected 109 (less improve. Exp.)Note: $183,000 will be available for improvements in the 2013-14 period, but only if operating und ..*"rr"budget targets are met through this period. Current reserve funding budget projections indicate furtherimprovement funds will be available after 2014, but this will be subject to adjustment to fit changes in estimatesof pending refurbishments, (the most major and imminent of which is the streets).

Explanation Of Budgeted ExpensesWe manage our expenses by classifying them as either OPERATING, RESERVE, or IMPROVEMENT expenses.

Operating expenses, - repeat at regular, predictable, frequency, (weekly, monthly or up to once a year). These arenon-discretionary and mostly predictable. Minor repair and maintenance items, costing $200 or less are included inoperating expenses, even if they repeat infrequently. Operating expenses are monitored by the board and carefullycompared to budget. 2014 values are listed in the far right column on page 2.

Reserve expenses, - repeat at longer intervals and are often somewhat discretionary. These are looked after by our pooledreserve fund. An annual contribution to the fund ensures that it will sustain everything we own. The 2OL4 contribution ispart ofthis budget. Details ofthe reserve calculation are on page3. [t ensures that cash is available to sustain all parkfacilities in perpetuity. However, funds are only deployed after consideration of the most appropdate type of renewal forcurrent circumstances.

Improvement expenditures - are for amenities we currently do not have, or for those that are inadequate to meet currentneeds. They are made only when it is clear we will have a surplus after funding for operating expenses and reserves.Projects competing for improvement funds are evaluated by the board, planning committee and membership. A decisionto proceed is based upon member support, cost, effect upon quality of life to residents, and facilities offered incompetitive communities.

Operating kpense History 2OO2 -2012, budget 2O13 & Feb 9 compllation for budget 20142005 2006 2007 2008

.A.GROUP

.A.GROUP

.A.GROUP

.A-GROUP

-A-GROUP.A.GROUP.A.GROUP

.A.GROUP

.A-GROUP

.A.GROUP

.A-GROUP

.A-GROUP

-A.GROUP.A.GROUP.A-GROUP

BUII"DINGSBUILDINGS

BUII.DINGS

BUILDINGS

BUILDINGS

BUILDINGSBUILDINGS

BUILDINGS

BU]LDINGSBUILDINGS

BUILDINGS

BUILDINGS

BUII,.DINGS

BUILDINGS

BU]LDINGS

BUILDINGS

BUILDINGSBUII.DINGS

GROUNDS

GROUNDS

GROI.]NDS

GROUNDS

GROUNDS

GROUNDS

GROUNDS

GROUNDS

GROUNDSGROUNDS

GROUNDS

AccountingtuD.report feeBankFeesBoardCharge baclq (net)Donat.prjectsLtc/feeYCERTMisc. expP-cash-errorsScrty_labrScrty_otlrScrtyjhonTaxVolunteerAppWiFi line

othr

955 362

1,778 1,148

9,398 11,724

' 10,404 11,568

309 1,091

29,169 30,38s

5,500319

347

300

532300

2,300

1,2281,082

164

6,9M 8,135

15,891 10,252

r,821 2,323

2,006 503

7s 543

979 t,269

13669 324

t75 288

225 2,U2290 260635 37772L L,LO7

764 3,1501,852

9493,2974,6983,0206,887

6,6272,s36

1101,054

3,660

5,74141

t oRo

s52

252

-61

208 18s 180t,?77 321 1,200

2,518

644442

402

947 923

351 5,5467,4M 845

461 267203 153

2,756 2,968461 430

1,232 1,8602,060 6,250707 4,244

5,945 8,670697 607

700 9,6991,157 1,658

5,361 2,78316,648 9,995

31,072 34988 20000 23,970700 1,195

1,300 2,L371,300 2,L523,000 3,128

68

ass61,2502,9882,0973,5919,8501,100) )o1

1,0603,150

12,98219,941

1,403

3,7622,590t,697

1s,933 20,8022,615 3,885

70 1,05697

5 -16488 723

4,954 2,239226 319921 1,922748 851

4,578 2,5373,245 329

0

0

2,359r,1403,8641,463

68510,480t,6291,026t,0742,M8

12,96220,60s

1,151

2,5572,222t,372

24,3216,262

oao

7,847

4,8502,96s3,00s

683

904

1,5792,547L,7676,875

1,080

Off_cmphOff_faxOff1honOff3ostOff_prntrOff-supplies/othrR&M extrR&M_cleanR&M_fireR&M_interR&M_sp16y

Build_zuppliesUtiUightsUtil3owerUtil_propaneUtiI_sewerUtil_water_bldg

7,

17,19,

,L,

1,

480

3,600

EMPIO]N.,'ENT

EMPTOIh,IENT

EMPIOYIVIENTEMPLOI'I"IENT

Emp_officeEmp-taxEmp_workcomp

Grnds_ditchesGrnds_fence

Grnds_lndscp_lbrGrnds_lndscp_mtlGrnds_mowingGrnds_ingnndwtrGrnds_othrGrnds_ponds

Grnds_reprsGrnds_spray

Outdr_pool_maintOutdrpool_reprOutilr_mingolfOutdr_pickleballOutdr_fitnesequipOutdr

Tfash hortThash_recycle

3,828 3.949 5,917

7,1004,14s

995

1,187

6.537

27

3,900

930 1,200200

3,964 3,9001,430 2,040

0

1,095 7202,444 01,080 7,320720 1,020

L,778 1,8003.688 4.500

3,4412,1507,947

OUIDR-AMENOUTDR-AMENOUTDR-AMENOUTDR-AMENOUIDR AMEN

TRASHTR,{SHTRASH

r20120

300772

10,942 13,007 10,315 15,000s,572 2,845 3,503 3,0007,000 7,483 8,538 7,200700 595 440 480

16,080

300660

900

6,000

2,040720

5,0401,500

480

2,820720

3,900840480

10,3001,200

600480

3,00016,80019,080

9002,5201,8601,440

YEAR REPEAT EST. ANN $ITEM,ANDANN.RESERVEREQUIREMENTLAST CYCLE COST $ Reqd

YRS ('r3$) REOD 2013

YEARIEXT $ REOD. IN YEARDUE 2013 2014 20L5 2016 2017 2018 2019 2020 2021 2022

.A,CTIVITIES BLDGa/c unitsexterior paintingsaunas, interior etcroof shinglesoffice, computer, etc.building shell/structure

1.0 11.01 120170.3 2.81I 20140.4 4.41I 20170.s s.sl I 20170.6 1.21 | 2016

BHOUSE CLUBITOUSE1.0 10.01 I 20180.s 1.sl I 20500.4 3.61 | 20140.7 4.01 I 2037

20242103otal

GROUNDS

LATION OF RESERVE REQUIREMENTS 2013 THRU 2022($#s in $1000s, to nearest $100)CALCULAfiON OF I ICALCULATION OF $ REQD. FOR REPLACEMENT ORANNUA.L * REOD. I IREF{'RBISHMENT IN YEAR:

DONE

200220022002200220L12402

200320102004200720042003

15 15723ls6158s3

L20 240TOTALS

15 1540 2010430 2020 20100 500

TOTAIS

10550 1040 20

TOTALS

156205100 70

TOTALS

11 610 105535656

100 180TOTALS

50 1510 1

50 L4TOTALS

15

-6.B3-

a/c unitsexterior, .sidinginterior paintroofingfurniture & bhgobuilding shell/structure

trees and landscapingpark entrance, pillars & signperimeter fence

Vehicles & Equipmentbackhoegarbage compactor etc.maintenance items/toolsmowertruck

PAVILIONroof shinglesfurniturebuilding shell/structure

POOLpumps heaters etc.lining refurbishdeck surround

40 36 0.9 5.41I 204720 t2 0.6 9.01 I 201825 s 0.2 6.61 | 20os15 5 0.3 0.7112026ls ls 1=0 rol | 20rsTOTALS 3.0 30.71 lTota]

200820091S93

20071998198020tt2004

200620062006

1,05.08.6

0.5 2.50.2 0.805 10.0L.2 13.3

0.4 2,80.3 1.89J 4.91.4 9.5

2020n

20202016

Total

0.5 1.5

0.5 Lt1.3 1.32.3 4.3

10

20422042

0.30.31.01.3

2,0. 22.01| 21224.8 47.21 lTotal

1.01.0

1.8 72.01 I 2073i1 5I7l lrotat

Vehicles & Equipment

201820592033

202120262106lotal

12

PAVILION

POOL0.5 6.01 I 2013 62002

201 1

2010199720081973

202r2015

fencefurniture

structure

BOCCEbocce shelters & shedequrpmententire bocce courts

MINI.GOLF, FITNESS TRAIL & GARDENSfitness trailMini-oolfmem6rial gardens, seating etcWiFi

SHUFFLEshuffle, surfaces & discs

shelters, sheds & equipmeflt

entire structures

STOBAGE/MAINTENANCE SHEDexterior claddingbuilding shell/structure

STR"EETS & DRAINSstreet repavingStreet sealingstorm drain & ditch restorationforest park culvertLift station pumps etc

0.2 2.71 1 20326r.2 6.01 I 2013

BOCCE200720042012

20t220L2

0.3 1.81 | 20570.1 0.91 I 20140.3 0.31 I 2062fr 5-o-l lrotat

MIN-I-GOL4 FITNESS TRAIL & GARDENSs2010

201020L2

2008197320041973

10545TOTALS

6 8 1,3 6.71 I 2014s0 19 0.4 1s.21 I 202310 s 0.s 4.sl I 2014r20 30 03 10.01 I 20e3rorALS T.5 36.41 lTotal

30 1030 30

TOTALS

t2 2s0 20.8 187.s1 I 2016o o o.o 0.ol I 0

s0 40 o.B 0.Bl I 2062s0 30 0.6 3.61 I 205710 10 1-0 lJl | 2022TOTALS 23.2 192.91 lTotal

SHUFFLE-B

STORAGE/MAINTINANCE SHED

STNEETS & DRAINS- 250

72 2L 5 258 29

508 5s1 585 634 431 456 479 519 563 60255 5s 55 s5 s5 5s 55 55 55 55-12 -21 -5 -258 -29 -32 -15 -10 '16 -10ss1 585 634 431 456 479 519 563 602 646

20040

20L2200720L2

10161015

FUND @ START OF YEARPLANNED CONTRIB. TO FUNDSPENDING PREDICTEDFUND G) END OF YEAR

COilSUHER PRICE IilDEXAUG1ISTAIITS

Thc CmeuEEr fr.fuc lndcx forAll Urbu Consuncrs (CP!-U] increasod 0-l p*r:cor in fluglm on a sursumully *djtrucd basis" tti,eIJ.S Burc.au of latror Strtirtic* rcporrcd mday. Ovcr lhc ialt I2 nrtrnthn,lhc rlil itcm^r indcxlncrca*crl 1,5 pcncnr hclhrc scrsrnalsdjristmcnt.

Inmcalee iir the indere* fiorstn:ttrr ,oad rnuittirl cuc eonrr,p*utrl o ihc'inr:rrqqc .in thc sq$onully ortjusud ntrX ircu* indert rheyolso owounred.for rtoct tl'the Ot purcol irlumase in thc ildEr. fsr rrtl ir$ns,lrss lbod onrl *urgy-'$,lrirh otl t*** trcss tir$tl $ftlcmcrgy" drt indtmcs'forpcrso.rifl cart" lobtrcpo, ond opporr! rorc as nclll. wfih thc indcxcs ior airlium llurcs, lmrrrrsehold firmislrings andopcmlrinus, arid used cisls md terclcr dcclin€d,

The food idt'r( rooc clighdy in August, with th* fnrirs rnd rcgetable indor rbing | ? Fenrcs[.srul four.of, thc six rnujor gruccr:ystort grorry ind*ics laare""i"g. The emrgy ildrr( rtcclinacl 0:! ptwfrt duc rills0y ro,o shrrp drclinc in thc indun frrn ,nruort fr:r f'l,ogtsriinc andclcctriuirX indcxcs also doclincd slight$.lvhile ilrr indqx for t'rucl oil ro+c

Tlm all ilcrns illdsr( incftassd 1,5 prccnt ov+r thc Lrst l? nrmth*. Thc inslcx for ell itcms lqs-t f$od and cncrgy [r.r,* rLccn [.[lprrocnltrvtrthqtastyear;;hr: t2-rnonlh.changchrs rcmainud'in thcmngeo( l.6 pcltcnr tof.3 pcn:corrinccJunr:of i0lt- Ttu:.[i:odiodc.:t'ltst l-4ptrccnt o';er lhc last ll modhtr u figne thet h.ls hstl *erdy siaoc Muy. The cnegy indcr dc,'clir!6dO-l lrcrerjrll ot{:r &,g.lut 12raot:ths.

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