Forster Ranch Master Association I

“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. The board governs the organization in pursuit of its charitable mission, and board members carry legal and ethical responsibilities because 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.”

“Per the governing documents, owners/residents become members upon ownership of a home in the community. There are 1,196 members.”

“Members have voting rights accorded to them by virtue of ownering a unit in the community as specified int he association's governing documents. The members elect a board of directors which provides oversight for the association's 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 approval by the board of directors. The association complies with all state requirements for community interest developments regarding membership approval.”

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

“UPON REQUEST.”

“To provide and preserve for the use and enjoyment of the community, civic betterments and social improvements by providing for the preservation of the architecture and appearance of the community by owning, operating and maintaining the properties for use of all.”

“The association provides for the preservatoin and maintenance of architecture, greenbelts, slopes, light fixtures, signage in the planned community in california. It regularly, through its maintenance and preservation activities, provides for civic betterments and social improvements wich promote the common good, health, safety and general welfare of the local community and the public at large,”

“Mrr 166,867 0 0 audit and tax prep 995 0 0 reserve study 299 0 0 facility rental 1,300 0 0 voting service 3,730 0 0 bad debts and write off -8,699 0 0 website management 775 0 0 title check fees 250 0 0 landscape contract 487,584 0 0 landscape extras 6,020 0 0 mulch 37,577 0 0 irrigation repairs 44,195 0 0 backflow repairs 2,261 0 0 holiday lighting 1,725 0 0 pest control 10,735 0 0 water 223,084 0 0 electric 3,895 0 0 telephone 1,336 0 0 federal taxes 275 0 0 state income tax -42 0 0 tree maintenance 165,927 0 0 operating contingency 2,975 0 0 total 1,153,064 0 0”