Rancho Niguel Master Community

“Association hires (under a competitive bid process approved by the board of directors) the services of a professional management company which manages the day to day administrative duties of the organization subject to the oversight of the board of directors. The management company acts as an agent for the association.”

“Association has 2,469 members.”

“Members have voting rights accorded to them by virtue of owning a unit in the master planned community as specified in the association's governing documents. The members elect delegates and the delegates elect a four-member board of directors which provides oversight for association business affairs as well as services provided by the management company.”

“The association's governing documents specify the various resolutions requiring membership approval. Most resolutions require only board of directors approval. The association complies with all state requirements for community interest developments regarding membership approval.”

“Association's board of directors reviews and approves form 990 and form 199 for filing.”

“The association has no employees. The association does not compensate its officers or board of directors. No policy or procedure for compensation is required.”

“All documents required to be disclosed by the association are available upon request at the offices of its management company.”

“All documents required to be disclosed by the association are available upon request at the offices of its management company.”

“Insurance: program service expenses 18,975. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,975. Pest control: program service expenses 17,550. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,550. Electricity : program service expenses 16,346. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,346. Provision for doubtful accounts: program service expenses 12,974. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,974. General maintenance and repairs: program service expenses 11,654. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,654. General and administrative: program service expenses 0. Management and general expenses 6,741. Fundraising expenses 0. Total expenses 6,741. Lighting: program service expenses 5,916. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,916. Legal and collection: program service expenses 4,705. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,705. Small claims: program service expenses 4,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,300. Signage: program service expenses 2,240. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,240. Reserve study: program service expenses 1,420. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,420. Audit and tax preparation: program service expenses 0. Management and general expenses 1,200. Fundraising expenses 0. Total expenses 1,200. Drainage swales: program service expenses 979. Management and general expenses 0. Fundraising expenses 0. Total expenses 979. Property taxes: program service expenses 577. Management and general expenses 0. Fundraising expenses 0. Total expenses 577. Interest expense: program service expenses 421. Management and general expenses 0. Fundraising expenses 0. Total expenses 421. Income taxes: program service expenses 10. Management and general expenses 0. Fundraising expenses 0. Total expenses 10.”

“The process of oversight of the association's audit preparation and approval has not changed during the current fiscal year.”