Shady Trails Community Association

“Daily operations are managed by an independent professional management company. The management company acts as an agent for the association. Board of directors appoints and supervises those who is responsible for the daily activities.”

“Owners automatically become members.”

“The corporation is structured to have members which have rights for electing directors. Corporation has annual meeting elections for owners to elect officers for the next year. The method of the board's election is formally set in the documents that create the company.”

“An organization's governing documents dictate various resolution requiring membership approval. Bylaws specify when board meetings must be held and how many board members must be present to pass official business matters via vote. The association complies with all state requirements for community interest developments regarding membership approval.”

“The board governs the organization in pursuit of its charitable mission, and board members carry legal and ethical responsibilities since they hold the nonprofit's assets in trust for the public. Board members have a legal duty of loyalty to the corporation and must abstain from voting on matters in which they have a conflict of interest. Board meeting minutes summarize what occurs at a board of directors meeting.”

“Federal and state tax returns are reviewed and approved by the board of directors prior to filing.”

“UPON REQUEST.”

“Utilities 320,010 0 0 landscape 165,243 0 0 lighting repairs 21,845 0 0 common area repairs 46,618 0 0 pool 39,521 0 0 patrol 139,075 0 0 janitorial 71,678 0 0 fountain 10,806 0 0 pest control 3,670 0 0 street sweeping 3,360 0 0 collection costs 28,346 0 0 bad debt 29,561 0 0 community staff 151,748 0 0 mrr 131,880 0 0 total 1,163,361 0 0”