Taylor Yard Master Association C/O the Management Trust

“The association uses the services of the management trust to handle day to day operations of the association including collections, bill payments, homeowner assistance, etc. The board has the ultimate responsibility for authorizing payments, selecting vendors, and approving the budget.”

“Upon purchase of a home within the association, each owner becomes a member of the association.”

“The association complies with the provisions and requirements of california civil code section 1363.03 for the election of the board of directors by the membership.”

“Dues increases in excess of the 20% allowed by the davis-sterling act are subject to the approval of membership. Special assessments in excess of 5% of the budget are also subject to membership approval.”

“There were no such committees during 2022”

“Upon preparation, the association's board of directors is provided with a copy of form 990. After reviewing the return, the board's president signs the e-file authorization allowing the cpa to transmit the return.”

“The association retains the services of a management company to monitor board activity and document the minutes of the board meetings. The management company provides the membership with candidate information in conjunction with election meetings.”

“Upon purchase of a home within the development, each owner receives a copy of the association's governing documents through escrow. Copies of the conflict of interest policy and financial statements are available upon request.”

“Custodial: program service expenses 8,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,050. Pest control: program service expenses 6,240. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,240. Administrative: program service expenses 0. Management and general expenses 5,603. Fundraising expenses 0. Total expenses 5,603. Catch basin: program service expenses 4,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,875. Lighting and electrical: program service expenses 2,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,903. General maintenance: program service expenses 2,278. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,278. Park enhancements: program service expenses 998. Management and general expenses 0. Fundraising expenses 0. Total expenses 998. Reserve study: program service expenses 0. Management and general expenses 495. Fundraising expenses 0. Total expenses 495.”