Town Center Association

“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.”

“The association consists of 869 residential condominium units and 1,368 residential apartment units occupying a site in irvine, california. To become a member one has own a unit in the community.”

“Members have voting rights 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 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.”

“Gas: program service expenses 68,082. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,082. Security/patrol services: program service expenses 64,315. Management and general expenses 0. Fundraising expenses 0. Total expenses 64,315. General maintenance and repairs: program service expenses 52,314. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,314. Electricity : program service expenses 50,818. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,818. Streets/drives: program service expenses 34,157. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,157. Janitorial services: program service expenses 31,896. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,896. Office supplies/printing/postage: program service expenses 23,014. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,014. Fencing/walls/gates: program service expenses 15,160. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,160. Lighting: program service expenses 14,528. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,528. Roofs: program service expenses 13,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,000. Insurance: program service expenses 11,496. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,496. Legal and collection: program service expenses 11,271. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,271. General and administrative: program service expenses 0. Management and general expenses 8,524. Fundraising expenses 0. Total expenses 8,524. Pest control: program service expenses 4,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,300. Audit/tax preparation/reserve study: program service expenses 0. Management and general expenses 2,500. Fundraising expenses 0. Total expenses 2,500. Painting: program service expenses 2,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,250. Income taxes: program service expenses 10. Management and general expenses 0. Fundraising expenses 0. Total expenses 10.”

“The process of oversight of the association's audit preparation and approval has not changed during the current fiscal year.”