Shorecliffs Terrace Inc C/O Proactive

“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.”

“As per the governing documents - residents become members by virtue of owning a unit in the community.”

“Members have voting rights accorded to then by virtue of owning a unit in the community as specified in the association's governing documents. The members elect a board of directors which provides oversight for the 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 the tax returns.”

“Board members are required to abide by a board member code of conduct agreement. The agreement details various fiduciary duties each board member is responsible for, standards of ethics each board member is expected to uphold, as well as a clause detailing consequences for any violation of these policies.”

“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.”

“Clubhouse: program service expenses 64,556. Management and general expenses 0. Fundraising expenses 0. Total expenses 64,556. Furniture & equipment: program service expenses 42,946. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,946. General and administrative: program service expenses 0. Management and general expenses 42,707. Fundraising expenses 0. Total expenses 42,707. General maintenance and repairs: program service expenses 38,089. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,089. Pool/spa services: program service expenses 26,810. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,810. Refuse: program service expenses 19,296. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,296. Gas: program service expenses 15,199. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,199. Security/patrol services: program service expenses 12,741. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,741. Electricity: program service expenses 7,690. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,690. Income taxes: program service expenses 6,334. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,334. Street sweeping: program service expenses 5,396. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,396. Janitorial services: program service expenses 4,415. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,415. Telephone: program service expenses 3,957. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,957. Pest control: program service expenses 3,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,401. Internet: program service expenses 2,560. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,560. Lighting: program service expenses 1,792. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,792.”

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