Chambers Landing Recreation Association

“Management company prepares draft budgets approved by the board of directors, performs owner mailings, makes disbursements per budget, maintains the property, hires and trains and schedules lifeguards, supervises employees, negotiates and executes contracts, maintains a web page on behalf of the association, and organizes and documents meetings by the board of directors.”

“The members of the association are those people who paid a one time initiation fee and are also members of the chamberlands beach and mountain club and the chambers landing homeowners associaton.”

“The CLRA is composed of two types of memberships. The 43 members of the Chambers Landing Homeowners Association, and the members owning residences in the Chamberlands subdivision who availed themselves of the opportunity to become members when the original developer extended memberships to be purchased for $750 during a 3 month time period in the 1980s. Annually 3 members in good standing from the CLHOA are elected serve on the Board of directors and 3 members in good standing from the subdivision are elected to serve. The presidency is flip flopped each year, a CLHOA member serving one year, then a Chamberlands subdivision serving for one year. Board members are elected at the annual meeting held over Memorial Day weekend every year.”

“Special assessments or regular assessments exceeding 20% from the prior year requires majority approval of the membership. Changes to the association's governing documents also requires majority approval of the members.”

“Returns were reviewed by the treasurer and manager prior to filing.”

“The governing documents, policies and financial statements are available upon request.”

“Client Note 1 - ATTACHMENT TO TAX RETURNCHAMBERS LANDING RECREATION ASSOCIATIONTHE RECREATION ASSOCIATION'S BOARD OF DIRECTORS ALSO SERVE ON THE BOARD OF THE RELATED ENTITIES AS FOLLOWS:CHAMBERS LANDING RECREATION ASSOCIATION:CLAY HOGANTERRY CHRISTMANROB LEUPOLDCRAIG JORGENSLES MIZEMARC HAYMANCHAMBERS LANDING CORPORATION:CRAIG JORGENSROB LEUPOLDMARC HAYMANCHAMBERS LANDING HOMEOWNERS ASSOCIATION:CRAIG JORGENSROB LEUPOLDMARC HAYMANCHAMBERLANDS BEACH & MOUNTAIN CLUBLES MIZE”

“Client Note 2 - ATTACHMENT TO TAX RETURNCHAMBERS LANDING RECREATION ASSOCIATIONFORM 990 PART V, LINE 10BOF THE TOTAL RENTAL INCOME OF $66,910, 10% IS ESTIMATED TO BE FROM MEMBER ACTIVITY”