Diamond Point Club

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

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

“The board of directors are voted upon by the membership at an annual meeting which requires a quorum of 50% of the 656 voting members. Board members serve a 1 year term and come up for election in alternating cycles.”

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

“Upon preparation of the tax returns, a copy is sent to the management company for review at the monthly board meeting. Upon approval of the tax returns, a board member signs the returns and mails them to the proper taxing authorities.”

“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 meetins.”

“N/A”

“Upon close of escrow, owners receive a copy of the association's governing documents. Annual audited financials are mailed to the membership in accordance with civil code requirements. Other documents are available upon request.”

“General maintenance: program service expenses 16,277. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,277. Landscape maintenance: program service expenses 10,824. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,824. Water: program service expenses 5,689. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,689. Telephone/cable/internet: program service expenses 4,604. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,604. Plumbing: program service expenses 3,107. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,107. Clubhouse maintenance: program service expenses 3,038. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,038. Rubbish collection: program service expenses 1,302. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,302. Lighting/electrical: program service expenses 1,280. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,280. Gas: program service expenses 812. Management and general expenses 0. Fundraising expenses 0. Total expenses 812. Roof: program service expenses 750. Management and general expenses 0. Fundraising expenses 0. Total expenses 750. Pest control: program service expenses 720. Management and general expenses 0. Fundraising expenses 0. Total expenses 720. Security: program service expenses 546. Management and general expenses 0. Fundraising expenses 0. Total expenses 546.”