Harvest at Limoneira Master Corporation

“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.”

“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.”

“General and administrative: program service expenses 0. Management and general expenses 102,789. Fundraising expenses 0. Total expenses 102,789. Janitorial services: program service expenses 68,655. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,655. Electricity: program service expenses 62,276. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,276. Refuse: program service expenses 37,220. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,220. On-site staff: program service expenses 35,430. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,430. Pool/spa services: program service expenses 23,833. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,833. Gas: program service expenses 18,876. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,876. Telephone/internet: program service expenses 5,528. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,528. Pest control: program service expenses 2,488. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,488.”

“The process for compiling the association's financial statements is approved and overseen by the board of directors, with the assistance of a professional management company.”