Sun City Center Community Association

“The association is under contract with a management services company whereby a community manager and full time bookkeeper is appointed and assists the association in performing services requested by them. An addendum was created in 2016 to continue services through 12/31/2022. A new contract was executed to continue services and commenced on january 1, 2023 and is for three consecutive two year terms, ending in 2028.”

“All residents are considered members of the association and must pay dues.”

“Members elect at least three directors to the board (governing body) every year.”

“If an individual expenditure is greater than 15% of the budget the membership must approve.”

“As per the bylaws, the treasurer is responsible for all financial matters. The treasurer and president review and approve the form 990 after discussing it with the board.”

“Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms such person 1) has received a copy of the conflict of interest policy 2) has read and understands the policy 3) has agreed to comply with the policy 4) understands the association is charitable, and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Directors have a duty to disclose any actual or possible conflict of interest and are then given the opportunity to disclose all material facts to the directors and members of a committee with governing board delegated powers considering the proposed transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, the member will be informed of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate corrective action.”

“The association makes its governing documents available on its website. The financial statements are available in the library. The conflict of interest policy is available upon request.”

“Change in value beneficial interest 81,950. Change in value crut change in sia 8,866.”