We, the undersigned homeowners of Windsong Cove, express our concerns regarding the

current financial state of our community and seek immediate action to address the following

issues:

1. Reserve Funding Shortfall

● We are deeply concerned about the significant shortfall in reserve funding. The current

level of 39% is inadequate to cover future maintenance and repair costs.

● We request a detailed explanation of how this shortfall occurred and a clear plan to

increase reserve levels without resorting to frequent special assessments.

2. Budgetary Transparency and Oversight

● We propose the formation of a Budget-Finance Committee to provide additional

oversight of the budget and financial decisions.

● We request that all meetings be recorded and meeting minutes be promptly posted to

the resident portal.

● We urge the board to review vendor contracts and seek competitive bids to identify

potential cost savings.

3. Specific Concerns

● Insurance: We request a review of insurance providers to identify potential cost-saving

opportunities.

● Postage: We propose transitioning to paperless communication to reduce unnecessary

expenses.

● Vendor Contracts: We urge the board to review landscaping and other vendor contracts

to identify potential cost savings.

● Water Leak Restoration: We question the recurring high costs for water leak restoration

and request a detailed investigation into the root causes of these issues.

We believe that by addressing these concerns, we can improve the financial health of our

community and ensure a sustainable future for Windsong Cove.

We respectfully request a timely response to this petition and a commitment to implementing

solutions that prioritize the best interests of all homeowners.