Village at Rolesville HOME-OWNERS ASSOCIATION

ANNUAL MEETING

2019, NOVEMBER 6

Objectives

Introduction of Courtney Winters and Donna Kraft CMG

Presidents Report

Approval of 2018 Annual Meeting Minutes

Financial Review / 2020 Budget Ratification

Committee Reports

Introduction of Candidates/Election

Election Results

Raffle and Adjourn

Financial Performance Review

Village at Rolesville - Year Budget: Jan 2020 - Dec 2020

Account Year 20182019 YTD

Income/ExpenseYear 2019 Year 2020

Total Revenue $230,700.00 $210,066.00 $234,900.00 $234,650.00

Expenses

Administrative Expenses $48,000.00 $36,469.00 $37,565.00 $37,277.00

Building Maintenance $0.00 $1,882.00 $0.00 $0.00

Capital Reserve $48,000.00 $37,440.00 $46,000.00 $48,000.00

Grounds $59,860.00 $59,084.00 $56,835.00 $77,980.00

Other $5,509.00 $2,741.00 $5,000.00 $5,000.00

Recreation $38,500.00 $72,923.00 $36,750.00 $43,475.00

Utilities $19,380.00 $13,760.00 $18,600.00 $21,850.00

Total Expense $219,249.00 $224,299.00 $200,750.00 $233,582.00

Net Income $11,451.00 -$14,233.00 $34,150.00 $1,068.00

2019 Budget - Action

Ratification of 2020 Budget

2020 Proposed Budget $233,582

• Increase in costs due to:

• Splitting the Landscaping and irrigation contract

• Yardnique will provide landscape services

• Conserva irrigation will maintain the irrigation system

Committee Reports

Architectural Review – Rob Niesel

Social – Jimmie Sanders

Recreation and Grounds – Troy Taylor

Community Watch – Cornell Maye

Architectural Review Committee

(ARC)

ARC Committee

Review Applications for Architectural Change

Ensure the request complies with community guidelines

Provide guidance to homeowners regarding change requests

Submits decision based on change request information, guideline compliance and committee discussion

17 Applications processed

11 Approved

2 Refused

4 pending

Members of the ARC and BOD met to

amend the guidelines, version 2015

NEED MEMBERS

Year in review

Violation of CovenantsTHROUGH AUGUST

Social Activities

2 Yard Sales (Spring and Fall)

Pool opening party

Summer DJ Series

Adult Social – 2 events in September

End of year Pig Pickin’

Additional adult socials to be scheduled

Night swim coming in 2020

Recreation

and

Grounds

Pool Lighting

Volleyball Court

Parking lot lighting

Looking at adding decorative entrances in 2020

Community Watch

Update from the Rolesville Police

Board of Directors Election

Introduction of Candidates

Vote – Collection of ballots and proxies

Wrap Up

Questions

Raffle

Introduce 2020 BOD

Adjourn