NOTICE: Burke Village Homeowners Association

1 NOTICE: Burke Village Homeowners Association $ Annual Assessment 5812 High Bluff Court, Burke , Virginia 22015 due 15 March 2017. NOTICE OF ANNUAL ASSESSMENT FOR 2017. The 2017 Burke Village Homeowners Association annual assessment has been set at $1260. for the year from January 1, 2017 through December 31, 2017. This is increase of 3% as permitted by the covenants. Assessments will be used for future activities such as: Normal Operating Expenses o Utility o Vendor contracts (ex. snow removal, trash removal and landscaping). o Reserve Study o Management Fees Major Repair Funding Capital Improvements As presented in the Fall News Letter, 2017 planned activities include: Updating the Covenants (will require 2/3 community vote for approval).

2 Assign parking spaces and update parking policy. Also find the suggested maps and policy on our website The Board is looking for feedback and concerns. Stenciling and re-painting parking space lines. New parking pad constructions for Canvasback Road and Robins Nest Lane Updated playground set for Round Top Lane Continue maintaining and improving the beauty of your community grounds which includes lawn, trees and infrustructure. Concrete sidewalk repairs Drainage repair on Blincoe Court between residences 9606 and 9608. Refinishing our yellow curbs with added signage of no parking.

3 Yellow curb and sidewalk parking will be restricted and enforced according to the updated policy. Enclosed is a copy of 2017 Burke Village Approved Budget. Also enclosed is a statement of account which identifies your balance due, which includes late fees and interest. Please be reminded that payments not received by the due date of March 15, 2017 with a 30. day grace period, will be charged 6% interest (annual rate) and will also be charged a $63 late fee (5% of the annual assessment). BOARD OF DIRECTORS. Enclosures: Statement of Accounts, Methods of payment options and 2017 Budget METHODS OF PAYMENT OPTIONS.

4 1. Check please make checks payable to Burke Village HOA. Send payments to: Burke Village HOA. c/o Cardinal Management Group, Inc. PO Box 94857. Las Vegas NV 89193-4857. 2. Credit Card - Homeowners may pay by credit card by visiting management's website and selecting For Homeowners : Click Here for Payments . Our online payment vendor, , accepts Visa, MasterCard, Amex and Discover. The fee is 4% of the payment amount. 3. E-Check - Homeowners may pay by e-check by visiting management's website and selecting For Homeowners : Click Here for Payments . Simply have your bank account and routing number readily available.

5 The fee is $ per transaction. 4. Direct Debit Contact Cardinal Management Group to have your payment automatically deducted from your bank account. You must fill out the required form and provide a voided check. 2016 2017 Delta Approved DRAFT. BUDGET BUDGET COMMENTS. ACCOUNT INCOME. CODE. 30100 ASSESSMENT INCOME $ 206,621 $ 212,820 $ 6,199. 30171 LATE FEES $ - $ - $ - 30200 BAD DEBT RECOVERY $ - $ - $ - This is disclosure and Other on 30260 MISCELLANEOUS $ 1,500 $ 1,500 $ - the original budget 30270 INTEREST INCOME $ 90 $ 90 $ - $ - TOTAL INCOME $ 208,211 $ 214,410 $ 6,199.

6 $ - EXPENSES $ - 50400 Bad Debt $ 8,558 $ 10,074 $ 1,516. 51000 Telephone $ 243 $ 248 $ 5. 51030 Office Expense $ 1,200 $ 1,557 $ 357 Previously Admin/Supplies 51031 Copying/Printing $ 443 $ - $ (443). 51090 Legal Fees $ 6,750 $ 7,013 $ 263. 51120 Administrative Management $ 14,400 $ 14,832 $ 432. 61180 Grounds Contract $ 49,055 $ 49,362 $ 307 Previously Landscaping/Other 61188 Tree Service $ 12,000 $ 12,240 $ 240 Previously Tree Expense 61250 Trash Removal $ 41,915 $ 44,010 $ 2,096. 61581 Snow Removal $ 6,579 $ 5,911 $ (668). 71030 Electricity $ 4,101 $ 4,511 $ 410. 71050 Insurance $ 3,314 $ 3,413 $ 99.

7 71140 Income Taxes $ - $ - $ - TOTAL EXPENSES $ 148,557 $ 153,171 $ 4,614. $ - 90000 Reserve Contribution $ 66,209 $ 63,936 $ (2,273). 90004 Transfer to/from Members Equity $ (6,555) $ (2,697) $ 3,858. $ 59,654 $ 61,239 $ 1,585. SURPLUS (LOSS) $ (0) $ (0) $ 0.