OPEN MEETING REGULAR MEETING OF THE … Finance... · Wednesday, October 25, 2017 – 1:30 p.m. ......

OPEN MEETING

REGULAR MEETING OF THE FINANCE COMMITTEE

Wednesday, October 25, 2017 – 1:30 p.m. Laguna Woods Village Community Center Board Room

24351 El Toro Road

AGENDA

1. Call to Order 2. Acknowledgment of Media 3. Approval of the Agenda 4. Approval of Meeting Report for August 23, 2017 5. Chair Remarks 6. Member Comments (Items Not on the Agenda) 7. Department Head Update Reports 8. Preliminary Financial Statements dated September 30, 2017 Items for Discussion and Consideration: 9. Early Expenditures of Funds for 2018 Capital Plan Items 10. Supplemental Funding for 2017 11. Analog TV Set Top Boxes 12. Trust Facilities Fee Calculation 13. Bank Reconciliations 14. Endorsements from Standing Committees

Items for Future Agendas Concluding Business: 15. Committee Member Comments 16. Date of Next Meeting – Wednesday, December 20, 2017 at 1:30 p.m. 17. Adjournment to Closed Session

Diane Phelps, Chair Betty Parker, Staff Officer Telephone: 949-597-4204

REPORT OF THE REGULAR OPEN MEETING

OF THE GOLDEN RAIN FOUNDATION FINANCE COMMITTEE

Wednesday, August 23, 2017 – 1:30 p.m. Laguna Woods Village Community Center Sycamore Room, 24351 El Toro Road

MEMBERS PRESENT: Diane Phelps, JoAnn diLorenzo (left at 4:20 p.m.), Kathryn Freshley

Pat English, Gary Morrison, Rosemarie diLorenzo Dickins, Annette Sabol-Soule (For Steve Parsons) Ryna Rothberg (For Nancy Hou) John Parker (for JoAnn diLorenzo starting at 4:20 p.m.)

MEMBERS ABSENT: Nancy Hou, Steve Parsons STAFF PRESENT: Betty Parker, Solange Backes, Cheryl Silva, Dan Yost, Brian

Gruner, Brad Hudson, Chris Swanson OTHERS: GRF: John Parker, Richard Palmer, Joan Milliman

THIRD: Bert Moldow UNITED: Juanita Skillman, Janey Dorrell VMS: Dick Radar Blackrock: Ed Buonopane, Craig Coleman Merrill Lynch: Taryn Moll Beecher Carlson: Chris Jordan

Call to Order Diane Phelps chaired the meeting and called it to order at 1:38 p.m. Acknowledgment of Media None. Approval of Meeting Agenda A motion was made and carried unanimously to approve the meeting agenda. Approval of the Regular Meeting Report of June 14, 2017 A motion was made and carried unanimously to approve the meeting report, as written. Chair Remarks Director Phelps stated that Nancy Hou resigned from Mutual Fifty and was being represented at this meeting by Towers President Ryna Rothberg. Member Comments (Items Not on the Agenda) Mary Wall (239-D) inquired about the number of bank accounts and the reconciliation process. This item was directed to be placed on the next GRF Finance Committee Agenda.

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Agenda Item # 4 Page 1 of 4

Report of GRF Finance Committee Regular Open Meeting August 23, 2017 Page 2 of 4 Presentation – BlackRock/Merrill Lynch Taryn Moll, account executive from Merrill Lynch, provided an overview of the services provided, account performance, and fees. Ed Buonopane and Craig Coleman, investment managers from BlackRock, discussed economic factors and the performance of investment selections within each corporation’s policy. Questions were addressed from the committee and audience members. Naming Conventions Policy for Donations Director Phelps commented on a potential naming policy for GRF facilities. Staff was asked to investigate prior policy resolutions related to this topic. Presentation – Insurance Program by Beecher Carlson Chris Jordan, broker from Beecher Carlson Insurance Services, presented an overview of the insurance programs in Laguna Woods Village. Dan Yost, VMS Risk Analyst, provided information on the need for an HO6 policy to provide personal insurance coverage. The Committee requested a newsletter article to remind residents of their insurance needs. Proposed Fee Increase: RV Lot As requested by the GRF Board at a fee review held on July 13, 2017, the Committee reviewed and discussed an analysis of RV Lot fees. A motion was made by Director Pat English, and seconded by Director Rosemarie diLorenzo Dickens, to increase the annual RV Lot Fee from $160 to $350, to include Staff’s recommendation plus estimated administrative costs. Discussion ensued. Member Elizabeth Roper (153-A) asked for clarification on the RV lot asphalt maintenance. A motion to amend was made by Director Ryna Rothberg, and seconded by Director JoAnn diLorenzo, to increase the annual RV Lot Fee from $160 to $400. The amendment carried by a vote of 6-1 (English opposed). The Committee voted on the amended motion and by a vote of 6-1 (English opposed) the Committee recommended that the annual RV Lot Fee increase from $160 to $400 beginning January 1, 2018. Proposed Fee Increase: Golf Fees As requested by the GRF Board at a fee review held on July 13, 2017, the Committee reviewed and discussed an analysis of Golf fees. A motion was made and unanimously carried to recommend the Board increase Golf Fees, as follows, to be effective January 1, 2018:

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Report of GRF Finance Committee Regular Open Meeting August 23, 2017 Page 3 of 4 27-Hole Course • Increase Member fee from $6 to $7 for 9 hole rounds • Increase Member fee from $11 to $13 for 18 hole rounds • Introduce Non-Member Occupant Rate, median between Member and Guest

− Weekday $13 for 9 hole and $24 for 18 hole rounds − Weekend $18 for 9 hole and $34 for 18 hole rounds

• Eliminate weekend evening discount rate for Guests • Eliminate all twilight rates

Par 3 Course • Increase Member fee from $4 to $5 for 9 hole rounds • Increase Member fee from $8 to $9 for 18 hole rounds • Introduce Non-Member Occupant Rate, median between Member and Guest

− $6 for 9 hole and $13 for 18 hole rounds Proposed Fee Increase: Room Rentals As requested by the GRF Board at a fee review held on July 13, 2017, the Committee reviewed and discussed an analysis of Room Rental fees. A motion was made and carried unanimously to recommend that the Board increase room rental fees from 10 percent to 25 percent of the calculated hourly cost, as represented on the proposed fee schedule for Resident Room Reservation Fees to be effective January 1, 2018. Proposed Fee Increase: Transfer Fee As requested by the GRF Board at a fee review held on July 13, 2017, the Committee reviewed and discussed a policy change for the Trust Facilities Fee. A motion was made and carried by a vote of 6-1 (Director Rothberg opposed) to increase the Trust Facilities Fee from $2,500 to $5,000, effective January 1, 2018. Review Preliminary Financial Statements dated July 31, 2017 The Committee reviewed and commented on the financial statements dated July 31, 2017. Staff was directed to remove capital plan job codes JP16120 and JS14062 on the Reserve Expenditures Report since the projects have been closed. Future Agenda Items

Bank Reconciliation Committee Member Comments

None.

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CURRENT MONTH

ACTUAL BUDGET VARIANCEYEAR TO DATE

ACTUAL BUDGET VARIANCEYTD 2016ACTUAL

ANNUALBUDGET

Revenues:Assessments:

1 Operating $2,160 $2,160 $19,441 $19,443 ($2) $19,865 $25,9242 Additions to restricted funds 306 306 2,751 2,751 2,407 3,668

3 Total assessments 2,466 2,466 22,192 22,194 (2) 22,273 29,592

Non-assessment revenues:4 Trust facilities fees 230 188 42 1,873 1,689 183 1,690 2,2535 Golf green fees 90 96 (6) 854 867 (13) 890 1,1576 Golf operations 23 25 (2) 223 225 (2) 235 3007 Merchandise sales 30 22 8 209 196 13 193 2618 Clubhouse rentals and event fees 43 51 (8) 427 497 (69) 409 6849 Rentals 5 8 (4) 68 76 (9) 84 10110 Fees and charges for services to residents 8 811 Broadband services 374 361 13 3,239 3,200 39 3,182 4,28712 Interest income 31 33 (2) 279 300 (21) 299 40013 Miscellaneous 73 72 1 674 656 19 654 871

14 Total non-assessment revenue 899 856 43 7,854 7,706 148 7,637 10,314

15 Total revenue 3,364 3,322 43 30,047 29,900 146 29,909 39,906

Expenses:16 Employee compensation and related 1,779 1,810 31 16,689 16,623 (66) 16,515 22,14917 Materials and supplies 158 156 (2) 1,541 1,353 (188) 1,334 1,77718 Cost of goods sold 27 15 (12) 137 132 (5) 147 17619 Community Events 22 32 10 244 322 79 223 45520 Utilities and telephone 254 224 (30) 1,859 1,766 (93) 1,756 2,31321 Fuel and oil 36 44 8 325 398 73 337 53122 Legal fees 12 25 13 288 223 (66) 424 30023 Professional fees (116) 35 151 420 442 23 660 56324 Equipment rental 16 18 2 164 175 11 114 23325 Outside services 126 72 (54) 1,149 618 (531) 640 83826 Repairs and maintenance 108 89 (18) 626 544 (83) 452 78527 Other Operating Expense 75 45 (31) 436 383 (53) 296 51328 Interest expense 2 2 13 18 5 39 2529 Income taxes 173 173 1 518 517 527 69030 Property and sales tax 12 11 (1) 97 101 4 79 13531 Insurance 98 112 13 926 1,008 82 878 1,34432 Cable Programming/Copyright/Franchise 546 436 (109) 3,576 3,633 58 3,203 4,85733 Investment expense 35 35 35 3534 Net Allocation to Mutuals (134) (189) (55) (1,492) (1,677) (185) (1,573) (2,243)35 Uncollectible Accounts 15 10 (5) 7 1536 (Gain)/loss on sale or trade (3) (6) (2) (18) (51) (33) (6) (68)37 Depreciation and amortization 450 450 3,619 3,619 3,589 3,619

38 Total expenses 3,466 3,556 90 30,649 30,194 (455) 29,675 39,040

39 Excess of revenues over expenses ($102) ($234) $132 ($603) ($294) ($309) $235 $866

Golden Rain Foundation of Laguna WoodsStatement of Revenues & Expenses - Preliminary

9/30/2017($ IN THOUSANDS)

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YEAR TO DATEActual Budget VAR$ B/(W) VAR% B/(W)

ANNUAL

BUDGET

Revenues:Assessments:Operating41001000 - Monthly Assessments $19,441,377 $19,442,997 ($1,620) (0.01%) $25,924,005

Total Operating 19,441,377 19,442,997 (1,620) (0.01%) 25,924,005

Additions To Restricted Funds41001500 - Monthly Assessments - Contingency Fund 114,624 114,624 0 0.00% 152,83241005000 - Monthly Assessments - Equipment Fund 1,375,488 1,375,488 0 0.00% 1,833,98441005500 - Monthly Assessments - Facilities Fund 1,260,864 1,260,864 0 0.00% 1,681,152

Total Additions To Restricted Funds 2,750,976 2,750,976 0 0.00% 3,667,968

Total Assessments 22,192,353 22,193,973 (1,620) (0.01%) 29,591,973

Non-Assessment Revenues:Trust Facilities Fees41006500 - Trust Facilities Fees 1,872,500 1,689,372 183,128 10.84% 2,252,500

Total Trust Facilities Fees 1,872,500 1,689,372 183,128 10.84% 2,252,500

Golf Green Fees42001000 - Golf Green Fees - Residents 697,492 714,753 (17,261) (2.41%) 953,00042001500 - Golf Green Fees - Guests 156,909 152,685 4,224 2.77% 203,582

Total Golf Green Fees 854,401 867,438 (13,037) (1.50%) 1,156,582

Golf Operations42002000 - Golf Driving Range Fees 72,415 78,417 (6,002) (7.65%) 104,54542003000 - Golf Cart Use Fees 127,679 124,830 2,849 2.28% 166,44242004000 - Golf Lesson Fees 21,030 21,825 (795) (3.64%) 29,09542005000 - Golf Club Storage Fees 1,650 0 1,650 0.00% 042005500 - Golf Club Rental Fees 60 0 60 0.00% 0

Total Golf Operations 222,834 225,072 (2,238) (0.99%) 300,082

Merchandise Sales41501000 - Merchandise Sales - Pro Shop 132,051 107,280 24,771 23.09% 143,03541501500 - Merchandise Sales - Warehouse 0 10,188 (10,188) (100.00%) 13,58841502000 - Merchandise Sales - Community Center 0 153 (153) (100.00%) 20041502500 - Merchandise Sales - Fitness 1,067 531 536 100.94% 71541503500 - Merchandise Sales - Broadband 13,445 13,725 (280) (2.04%) 18,31041504500 - Merchandise Sales - Nursery 0 8,685 (8,685) (100.00%) 11,58541505000 - Merchandise Sales - Bar 62,202 55,548 6,654 11.98% 74,059

Total Merchandise Sales 208,765 196,110 12,655 6.45% 261,492

Clubhouse Rentals and Event Fees42501000 - Clubhouse Room Rentals - Residents 177,319 197,048 (19,729) (10.01%) 261,52442501500 - Clubhouse Room Rentals - Exception Rate 41,670 37,477 4,193 11.19% 49,73842502000 - Clubhouse Event Fees - Residents 203,395 262,232 (58,837) (22.44%) 373,22342503000 - Village Greens Room Rentals - Residents 4,213 0 4,213 0.00% 042503500 - Village Greens Room Rentals - Non Residents 812 0 812 0.00% 0

Total Clubhouse Rentals and Event Fees 427,409 496,757 (69,348) (13.96%) 684,485

Rentals43001000 - Garden Plot Rental 28,225 34,362 (6,137) (17.86%) 45,82743001500 - Shade House Rental Space 303 0 303 0.00% 045506500 - Rental Fee 2,000 14,697 (12,697) (86.39%) 19,60048001500 - Lease Revenue 36,990 27,009 9,981 36.95% 36,000

Total Rentals 67,518 76,068 (8,550) (11.24%) 101,427

Fees and Charges for Services to Residents46502000 - Resident Maintenance Fee 8,240 0 8,240 0.00% 0

Total Fees and Charges for Services to Residents 8,240 0 8,240 0.00% 0

Broadband Services45001000 - Ad Insertion 460,187 474,408 (14,221) (3.00%) 632,519

Golden Rain Foundation of Laguna WoodsOperating Statement

9/30/2017GOLDEN RAIN FOUNDATION

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ANNUAL

BUDGET

45001500 - Premium Channel 307,603 404,357 (96,754) (23.93%) 536,64845002000 - Cable Service Call 45,010 67,518 (22,508) (33.34%) 90,00045002500 - Cable Commission 56,736 21,368 35,368 165.52% 42,73645003000 - High Speed Internet 1,088,222 1,028,584 59,638 5.80% 1,380,03645003500 - Equipment Rental 1,200,647 1,070,496 130,151 12.16% 1,427,30045004000 - Video Production 38,366 72,018 (33,652) (46.73%) 96,00045004500 - Video Re-Production 1,911 3,006 (1,095) (36.43%) 4,00045005000 - Message Board 13,800 15,237 (1,437) (9.43%) 20,30045005500 - Advertising 26,504 42,750 (16,246) (38.00%) 56,981

Total Broadband Services 3,238,987 3,199,742 39,245 1.23% 4,286,520

Interest Income49001000 - Interest Income - Treasury Notes 0 7,506 (7,506) (100.00%) 10,00049001500 - Interest Income - Treasury Notes - Discretionary 185,771 135,009 50,762 37.60% 180,00049002000 - Interest Income - Money Market 1,348 0 1,348 0.00% 049002500 - Interest Income - Gnma Securities - Discretionary 87,325 157,509 (70,184) (44.56%) 210,00049003000 - Tfff Interest From Financing 4,686 0 4,686 0.00% 0

Total Interest Income 279,130 300,024 (20,894) (6.96%) 400,000

Miscellaneous43501000 - Horse Boarding Fee 49,820 49,005 815 1.66% 65,34343501500 - Horse Feed Fee 22,052 19,017 3,035 15.96% 25,35743502000 - Horse Trailer Parking Fee 1,040 198 842 425.25% 26343502500 - Horse Lesson Fee - Resident 18,362 22,077 (3,715) (16.83%) 29,44044001000 - Fitness Fee - Guests 1,002 2,565 (1,563) (60.94%) 3,42744001500 - Pool Fee - Guests 2,900 13,203 (10,303) (78.04%) 17,62044002000 - Bridge Room Fee - Guests 51,015 44,829 6,186 13.80% 59,77444002500 - Parking Fees - Non Residents 47,770 26,244 21,526 82.02% 35,00144003000 - Class Fees 93,501 80,928 12,573 15.54% 107,90744003500 - Locker Rental Fee 4,779 3,240 1,539 47.50% 4,32144004500 - Clubhouse Labor Fee 32,072 29,664 2,408 8.12% 39,55844005000 - Clubhouse Equipment Fee 0 2,295 (2,295) (100.00%) 3,06544005500 - Clubhouse Catering Fee 17,335 18,342 (1,007) (5.49%) 24,49444006000 - Tickets Sales - Residents 805 20,329 (19,524) (96.04%) 23,66544006500 - Sponsorship Income 12,833 0 12,833 0.00% 046001000 - Rv Storage Fee 44,972 37,674 7,298 19.37% 50,24046001500 - Rv Lot Card Fee (282) 72 (354) (491.14%) 10046002000 - Traffic Violation 40,898 55,233 (14,335) (25.95%) 73,63846003000 - Resident Lock Out Fee 0 2,853 (2,853) (100.00%) 3,81346003500 - Security Standby Fee 150 747 (597) (79.92%) 1,00046004000 - Estate Sale Fee 3,440 5,049 (1,609) (31.87%) 6,74046004500 - Resident Violations 2,468 1,800 668 37.13% 2,40044501000 - Additional Occupant Fee 96,650 104,400 (7,750) (7.42%) 139,19544503500 - Resale Processing Fee 8,316 7,497 819 10.92% 10,00044504000 - Resident Id Card Fee 18,985 20,232 (1,247) (6.16%) 26,98344504500 - Notary Fee 50 45 5 11.11% 6644505500 - Hoa Certification Fee 0 3,069 (3,069) (100.00%) 4,10044506000 - Photo Copy Fee 55,419 46,494 8,925 19.20% 62,00044506500 - Auto Decal Fee 29,457 2,691 26,766 994.67% 3,59744507000 - Golf Cart Electric Fee (310) 0 (310) 0.00% 044507200 - Electric Vehicle Plug-In Fee (264) 0 (264) 0.00% 047001000 - Cash Discounts - Accounts Payable 307 0 307 0.00% 047001500 - Late Fee Revenue 6,714 22,806 (16,092) (70.56%) 30,40047002010 - Collection Administrative Fee - United (50) 0 (50) 0.00% 047501000 - Recycling (10) 0 (10) 0.00% 047501500 - Rebates (10) 0 (10) 0.00% 048001000 - Legal Fee 30 0 30 0.00% 046005500 - Disaster Task Force 2,331 5,967 (3,636) (60.94%) 7,95749009000 - Miscellaneous Revenue 9,950 7,218 2,732 37.84% 9,642

Total Miscellaneous 674,497 655,783 18,714 2.85% 871,106

Total Non-Assessment Revenue 7,854,280 7,706,366 147,914 1.92% 10,314,194

Total Revenue 30,046,633 29,900,339 146,294 0.49% 39,906,167



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ANNUAL

BUDGET

Expenses:Employee Compensation51011000 - Salaries & Wages - Regular 9,137,220 9,124,880 (12,340) (0.14%) 12,216,28151021000 - Union Wages - Regular 2,586,846 2,608,057 21,212 0.81% 3,487,20251041000 - Wages - Overtime 252,947 141,577 (111,370) (78.66%) 189,03351051000 - Union Wages - Overtime 64,700 40,579 (24,121) (59.44%) 54,11751061000 - Holiday 424,548 285,624 (138,924) (48.64%) 381,96751071000 - Sick 291,504 214,501 (77,003) (35.90%) 286,86151081000 - Sick - Part Time 0 61,596 61,596 100.00% 82,22451091000 - Missed Meal Penalty 21,727 16,224 (5,503) (33.92%) 21,70751101000 - Temporary Help 322,110 5,737 (316,372) (5514.17%) 7,66351981000 - Compensation Accrual (361,417) 0 361,417 0.00% 0

Total Employee Compensation 12,740,184 12,498,776 (241,408) (1.93%) 16,727,055

Compensation Related52411000 - F.I.C.A. 959,937 929,885 (30,052) (3.23%) 1,230,65752421000 - F.U.I. 22,889 37,584 14,695 39.10% 37,58452431000 - S.U.I. 133,522 183,925 50,403 27.40% 183,92552441000 - Union Medical 841,691 847,254 5,563 0.66% 1,129,67252451000 - Workers' Compensation Insurance 922,496 784,478 (138,019) (17.59%) 1,049,75252461000 - Non Union Medical & Life Insurance 709,406 833,869 124,464 14.93% 1,111,82652471000 - Union Retirement Plan 157,671 149,103 (8,567) (5.75%) 199,35152481000 - Non-Union Retirement Plan 247,730 291,998 44,268 15.16% 390,91852491000 - Resident Staff Benefits 772 66,114 65,342 98.83% 88,15252981000 - Compensation Related Accrual (47,483) 0 47,483 0.00% 0

Total Compensation Related 3,948,631 4,124,210 175,579 4.26% 5,421,836

Materials and Supplies53001000 - Materials & Supplies 1,124,317 920,880 (203,438) (22.09%) 1,200,23853002500 - Printed Membership Materials 0 22 22 100.00% 2953003000 - Materials Direct 197,391 328,500 131,109 39.91% 438,30753003500 - Materials Direct - Grf 190,246 88,497 (101,749) (114.97%) 118,03253004000 - Freight 29,242 14,994 (14,248) (95.03%) 20,000

Total Materials and Supplies 1,541,197 1,352,893 (188,304) (13.92%) 1,776,607

Cost of Goods Sold53101000 - Cost Of Sales - Warehouse 611 14,994 14,383 95.93% 20,00053101500 - Cost Of Sales - Pro Shop 105,919 85,923 (19,996) (23.27%) 114,57453102000 - Cost Of Sales - Alcohol 18,339 20,358 2,019 9.92% 27,14853103500 - Earthquake Materials 11,869 10,494 (1,375) (13.11%) 14,000

Total Cost of Goods Sold 136,738 131,769 (4,969) (3.77%) 175,722

Community Events53201000 - Community Events 243,631 322,431 78,800 24.44% 455,468

Total Community Events 243,631 322,431 78,800 24.44% 455,468

Utilities and Telephone53301000 - Electricity 753,877 766,317 12,440 1.62% 1,039,42053301500 - Sewer 68,029 60,298 (7,731) (12.82%) 80,86853302000 - Water 548,106 523,808 (24,298) (4.64%) 647,99553302500 - Trash 132,219 179,074 46,855 26.17% 239,10953303500 - Gas 155,940 133,750 (22,190) (16.59%) 168,69053304000 - Telephone 200,775 102,463 (98,312) (95.95%) 136,600

Total Utilities and Telephone 1,858,946 1,765,710 (93,236) (5.28%) 2,312,682

Fuel and Oil53304500 - Fuel & Oil For Vehicles 324,775 398,133 73,358 18.43% 530,844

Total Fuel and Oil 324,775 398,133 73,358 18.43% 530,844

Legal Fees53401500 - Legal Fees 288,252 222,723 (65,529) (29.42%) 299,500

Total Legal Fees 288,252 222,723 (65,529) (29.42%) 299,500

Professional Fees



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ANNUAL

BUDGET

53402000 - Audit & Tax Preparation Fees 122,057 105,635 (16,422) (15.55%) 121,78953402500 - Payroll System Fees 82,850 92,511 9,661 10.44% 123,36053403500 - Consulting Fees 199,460 244,307 44,847 18.36% 317,90753403520 - Consulting Fees - Third 12,968 0 (12,968) 0.00% 053404500 - Fees 2,500 0 (2,500) 0.00% 0

Total Professional Fees 419,836 442,453 22,617 5.11% 563,056

Equipment Rental53501500 - Equipment Rental/Lease Fees 163,523 174,784 11,261 6.44% 232,590

Total Equipment Rental 163,523 174,784 11,261 6.44% 232,590

Outside Services53601000 - Bank Fees 42 76,148 76,106 99.94% 101,54053601500 - Credit Card Transaction Fees 78,508 225 (78,283) (34792.27%) 31153602000 - Merchant Account Fees 8,579 432 (8,147) (1885.85%) 58053602500 - Licensing Fees 11,000 105,561 94,561 89.58% 140,74853603000 - Permit Fees 14,960 0 (14,960) 0.00% 054603500 - Outside Services CC 30,073 0 (30,073) 0.00% 053704000 - Outside Services 1,005,495 435,763 (569,732) (130.74%) 594,851

Total Outside Services 1,148,657 618,129 (530,527) (85.83%) 838,030

Repairs and Maintenance53701000 - Equipment Repair & Maint 278,514 331,522 53,007 15.99% 502,04153702500 - Building Repair & Maint 337,180 200,949 (136,231) (67.79%) 268,21953703000 - Elevator /Lift Maintenance 7,588 7,704 116 1.50% 10,37853703500 - Water Softener 2,903 3,417 515 15.06% 4,570

Total Repairs and Maintenance 626,185 543,592 (82,593) (15.19%) 785,208

Other Operating Expense53604000 - Pest Control Fees 26,615 4,347 (22,268) (512.26%) 5,82853801000 - Mileage & Meal Allowance 6,471 12,437 5,966 47.97% 16,56153801500 - Travel & Lodging 4,625 8,487 3,861 45.50% 10,24353802000 - Uniforms 120,981 55,105 (65,875) (119.54%) 72,96553802500 - Dues & Memberships 4,628 12,117 7,489 61.81% 15,31353803000 - Subscriptions & Books 4,893 12,348 7,455 60.37% 16,06453803500 - Training & Education 43,003 61,027 18,024 29.54% 67,97353804000 - Staff Support 6,580 25,832 19,252 74.53% 50,00053901000 - Benefit Administrative Fees 2,298 2,970 672 22.62% 3,96053901500 - Volunteer Support 3,769 830 (2,939) (354.14%) 12,04053902000 - Physical Examinations 37,486 18,747 (18,739) (99.96%) 25,00053902500 - Recruiting Fees 33,565 22,500 (11,065) (49.18%) 30,00053903000 - Safety 87,589 36,165 (51,425) (142.20%) 48,29854001000 - Board Relations 2,609 7,228 4,619 63.90% 9,65254001500 - Public Relations 5,395 56,391 50,996 90.43% 75,19254002000 - Postage 11,411 12,452 1,041 8.36% 18,72354002500 - Filing Fees / Permits 34,464 34,019 (445) (1.31%) 34,922

Total Other Operating Expense 436,383 383,001 (53,382) (13.94%) 512,734

Interest Expense54201500 - Mortgage Interest Expense 13,478 18,378 4,900 26.66% 24,512

Total Interest Expense 13,478 18,378 4,900 26.66% 24,512

Income Taxes54301000 - State & Federal Income Taxes 800 517,500 516,700 99.85% 690,000

Total Income Taxes 800 517,500 516,700 99.85% 690,000

Property and Sales Tax54301500 - State & Local Taxes 95,521 99,180 3,659 3.69% 132,29554302000 - Property Taxes 1,576 2,313 737 31.88% 3,153

Total Property and Sales Tax 97,096 101,493 4,397 4.33% 135,448

Insurance54401000 - Hazard & Liability Insurance 783,738 869,093 85,355 9.82% 1,158,78854401500 - D&O Liability 79,606 44,397 (35,209) (79.31%) 59,20054402000 - Property Insurance 49,592 56,160 6,568 11.70% 74,891



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ANNUAL

BUDGET

54402500 - Auto Liability Insurance 3,161 9,747 6,586 67.57% 13,00054403000 - General Liability Insurance 1,769 2,754 985 35.78% 3,67254403500 - Property Damage 0 14,994 14,994 100.00% 20,00054404000 - Insurance Deductible 7,977 10,584 2,607 24.64% 14,122

Total Insurance 925,842 1,007,729 81,887 8.13% 1,343,673

Cable Programming/Copyright/Franchise54501000 - Cable - Programming Fees 3,340,274 3,451,354 111,080 3.22% 4,600,84154501500 - Cable - Copyright Fees 25,863 20,000 (5,863) (29.32%) 40,00054502000 - Cable - Orange County Franchise Fees 208,032 158,196 (49,836) (31.50%) 210,93454502500 - Cable - Promotions 1,478 3,798 2,320 61.08% 5,065

Total Cable Programming/Copyright/Franchise 3,575,647 3,633,348 57,701 1.59% 4,856,840

Investment Expense54201000 - Investment Expense 35,459 35,459 0 0.00% 35,459

Total Investment Expense 35,459 35,459 0 0.00% 35,459

Uncollectible Accounts54602000 - Bad Debt Expense 15,445 10,113 (5,332) (52.72%) 14,500

Total Uncollectible Accounts 15,445 10,113 (5,332) (52.72%) 14,500

(Gain)/Loss on Sale or Trade54101000 - (Gain)/Loss - Warehouse Sales (17,838) (50,633) (32,795) (64.77%) (67,500)

Total (Gain)/Loss on Sale or Trade (17,838) (50,633) (32,795) (64.77%) (67,500)

Depreciation and Amortization55001000 - Depreciation And Amortization 3,618,674 3,618,674 0 0.00% 3,618,674

Total Depreciation and Amortization 3,618,674 3,618,674 0 0.00% 3,618,674

Net Allocation to Mutuals54602500 - Allocated Expenses (1,492,206) (1,676,812) (184,607) (11.01%) (2,243,104)

Total Net Allocation to Mutuals (1,492,206) (1,676,812) (184,607) (11.01%) (2,243,104)

Total Expenses 30,649,334 30,193,853 (455,481) (1.51%) 39,039,832

Excess of Revenues Over Expenses ($602,702) ($293,514) ($309,187) (105.34%) $866,335



swansoc


CurrentMonth End

Prior YearDecember 31

Assets

1 Cash and cash equivalents $10,884,276 $13,406,5852 Discretionary investments 18,759,275 18,424,1473 Receivable/(Payable) from mutuals (3,149,732) (3,843,643)4 Accounts receivable and interest receivable 262,477 2,580,0455 Operating supplies 1,012,589 1,020,6736 Prepaid expenses and deposits 1,772,757 1,422,3177 Property and equipment 119,277,046 115,455,3588 Accumulated depreciation property and equipment (66,237,726) (62,653,703)9 Intangible assets, net 339,935 374,586

10 Total Assets $82,920,896 $86,186,365

Liabilities and Fund Balances

Liabilities:11 Accounts payable and accrued expenses $1,607,527 $4,710,15512 Accrued compensation and related costs 4,418,663 3,299,55013 Deferred income 763,905 901,91414 Long-term debt obligations, net of current portion 120,288 661,533

15 Total liabilities $6,910,384 $9,573,152

Fund balances:16 Fund balance prior years 76,613,213 76,440,69017 Change in fund balance - current year (602,702) 321,34918 Fund transfers (148,825)

19 Total fund balances 76,010,512 76,613,213

20 Total Liabilities and Fund Balances $82,920,896 $86,186,365

Golden Rain Foundation of Laguna WoodsBalance Sheet - Preliminary

9/30/2017

swansoc


OperatingFund

FacilitiesFund

EquipmentFund

ContingencyFund

Trust FacilitiesFee Fund Total

Assets

1 Cash and cash equivalents $10,884,276 $10,884,2762 Discretionary investments 18,759,275 18,759,2753 Receivable/(Payable) from mutuals (3,149,732) (3,149,732)4 Receivable/(Payable) from operating fund (29,444,687) 13,393,494 5,614,166 821,225 9,615,8015 Accounts receivable and interest receivable 262,477 262,4776 Labor (19,259) 11,524 7,7357 Operating supplies 1,028,247 (14,690) (969) 1,012,5898 Prepaid expenses and deposits 1,772,757 1,772,7579 Property and equipment 113,789,137 2,762,565 2,561,444 6,170 157,731 119,277,04610 Accumulated depreciation property and equipment (66,237,726) (66,237,726)11 Intangible assets, net 339,935 339,935

12 Total Assets $47,984,699 $16,152,893 $8,175,610 $834,161 $9,773,532 $82,920,896

Liabilities and Fund Balances

Liabilities:13 Accounts payable and accrued expenses $1,451,119 $89,577 $66,709 $122 $1,607,52714 Accrued compensation and related costs 4,418,663 4,418,66315 Deferred income 763,905 763,90516 Long-term debt obligations, net of current portion 120,288 120,288

17 Total liabilities $6,753,975 $89,577 $66,709 $122 $6,910,384

Fund balances:18 Fund balance prior years 43,649,246 17,551,445 6,850,360 714,783 7,847,380 76,613,21319 Change in fund balance - current year (5,301,880) 1,327,747 1,326,022 119,256 1,926,152 (602,702)20 Fund transfers 2,883,357 (2,815,876) (67,481)

21 Total fund balances 41,230,724 16,063,316 8,108,900 834,039 9,773,532 76,010,512

22 Total Liabilities and Fund Balances $47,984,699 $16,152,893 $8,175,610 $834,161 $9,773,532 $82,920,896

Golden Rain Foundation of Laguna WoodsFund Balance Sheet - Preliminary

9/30/2017

swansoc


OperatingFund

FacilitiesFund

EquipmentFund

ContingencyFund


Revenues:Assessments:

1 Operating $19,441,377 $19,441,3772 Additions to restricted funds 1,260,864 1,375,488 114,624 2,750,976

3 Total assessments 19,441,377 1,260,864 1,375,488 114,624 22,192,353

Non-assessment revenues:4 Trust facilities fees 1,872,500 1,872,5005 Golf green fees 854,401 854,4016 Golf operations 222,834 222,8347 Merchandise sales 208,765 208,7658 Clubhouse rentals and event fees 427,409 427,4099 Rentals 67,518 67,51810 Fees and charges for services to residents 8,240 8,24011 Broadband services 3,238,987 3,238,98712 Interest income 146,762 65,970 5,427 60,971 279,13013 Miscellaneous 674,497 674,497

14 Total non-assessment revenue 5,702,651 146,762 65,970 5,427 1,933,471 7,854,280

15 Total revenue 25,144,027 1,407,626 1,441,458 120,051 1,933,471 30,046,633

Expenses:16 Employee compensation and related 16,688,815 16,688,81517 Materials and supplies 1,521,441 14,828 4,837 90 1,541,19718 Cost of goods sold 136,738 136,73819 Community events 243,631 243,63120 Utilities and telephone 1,858,946 1,858,94621 Fuel and oil 324,775 324,77522 Legal fees 288,252 288,25223 Professional fees 419,836 419,83624 Equipment rental 163,523 163,52325 Outside services 1,021,350 25,261 102,045 1,148,65726 Repairs and maintenance 630,185 (4,000) 626,18527 Other operating expense 411,477 24,906 436,38328 Interest expense 13,478 13,47829 Income taxes 800 800

Golden Rain Foundation of Laguna WoodsChanges in Fund Balances - Preliminary

9/30/2017

swansoc


OperatingFund

FacilitiesFund

EquipmentFund

ContingencyFund


30 Property and sales tax 97,096 97,09631 Insurance 925,842 925,84232 Cable Programming/Copyright/Franchise 3,575,647 3,575,64733 Investment expense 18,883 8,554 704 7,319 35,45934 Net Allocation to Mutuals (1,492,206) (1,492,206)35 Uncollectible Accounts 15,445 15,44536 (Gain)/loss on sale or trade (17,838) (17,838)37 Depreciation and amortization 3,618,674 3,618,674

38 Total expenses 30,445,907 79,879 115,436 794 7,319 30,649,334

39 Excess of revenues over expenses ($5,301,880) $1,327,747 $1,326,022 $119,256 $1,926,152 ($602,702)

40 Excluding depreciation ($1,683,206) $1,327,747 $1,326,022 $119,256 $1,926,152 $3,015,972

Golden Rain Foundation of Laguna WoodsChanges in Fund Balances - Preliminary

9/30/2017

swansoc


GOLDEN RAIN FOUNDATION

DISCRETIONARY ACCOUNT - BLACKROCK/MERRILL LYNCH

SCHEDULE OF INVESTMENTS

9/30/17

STATED SETTLE MATURITY PAR EFFECT. ORIGINAL ANNUALIZED

I.D. NO. DESCRIPTION RATE DATE DATE VALUE YIELD COST YTD YIELD *

M.L. MONEY MARKET 704,002.59$ 704,002.59$

912828PA2 U.S. TREASURY NOTE 1.88% 10-28-10 09-30-17 280,000.00 1.97% 278,240.19

05565QCC0/BP17A CorpBond 1.38% 07-22-13 11-06-17 250,000.00 1.75% 246,090.00

594918AP9 CorpBond 0.88% 11-01-16 11-15-17 100,000.00 0.88% 99,988.00

92826CAA0 CorpBond 1.20% 02-17-16 12-14-17 100,000.00 0.99% 100,360.00

91324PCF7/UNH17C CorpBond 1.40% 01-15-15 12-15-17 150,000.00 1.22% 150,757.50

912828UE8 U.S. TREASURY NOTE 0.75% 01-09-17 12-31-17 250,000.00 0.90% 249,619.56

94974BFG0/WELZ18 CorpBond 1.50% 11-22-13 01-16-18 300,000.00 1.51% 299,841.00

38141GRC0/GS18C CorpBond 2.38% 05-01-13 01-22-18 300,000.00 1.92% 306,132.00

46625HJG6/JPM18 CorpBond 1.80% 05-01-13 01-25-18 300,000.00 1.46% 304,521.00

912828J68 U.S. TREASURY NOTE 1.00% 08-18-17 03-15-18 250,000.00 1.14% 249,795.34

89114QAG3 CorpBond 1.40% 01-10-17 04-30-18 200,000.00 1.40% 199,652.00

437076BB7 CorpBond 2.25% 09-10-13 09-10-18 300,000.00 2.40% 297,891.00

40428HPJ5/HBC18A CorpBond 2.63% 10-16-13 09-24-18 275,000.00 2.25% 279,677.75

912828P53 U.S. TREASURY NOTE 0.75% 02-17-16 02-15-19 150,000.00 0.95% 149,109.63

912828KQ2 U.S. TREASURY NOTE 3.13% 06-24-09 05-15-19 250,000.00 3.77% 236,621.09



02665WBE0 CorpBond 1.20% 08-01-17 07-12-19 150,000.00 1.57% 148,920.00

912828MP2 U.S. TREASURY NOTE 3.63% 04-21-10 02-15-20 300,000.00 3.77% 296,262.92



912828K33 U.S. TIP NOTE 0.13% 03-08-17 04-15-20 400,000.00 0.12% 419,541.97

912828ND8 U.S. TREASURY NOTE 3.50% 07-15-10 05-15-20 540,000.00 3.02% 561,728.72

912828ND8 U.S. TREASURY NOTE 3.50% 09-01-10 05-15-20 250,000.00 2.60% 269,063.50

747525AP8 CorpBond 2.10% 07-13-17 05-20-20 150,000.00 2.08% 150,795.00

912828XE5 U.S. TREASURY NOTE 1.50% 06-08-15 05-31-20 400,000.00 1.73% 395,563.17

17275RAX0 CorpBond 2.45% 08-21-17 06-15-20 100,000.00 1.73% 101,950.00

912828NT3 U.S. TREASURY NOTE 2.63% 10-28-10 08-15-20 195,000.00 2.68% 194,002.93

912828NT3 U.S. TREASURY NOTE 2.63% 11-29-11 08-15-20 200,000.00 1.75% 213,992.98

06406HDD8 CorpBond 2.60% 12-08-15 08-17-20 200,000.00 2.39% 201,800.00

857477AS2 CorpBond 2.55% 12-31-15 08-18-20 150,000.00 2.26% 151,875.00

912828M98 U.S. TREASURY NOTE 1.63% 12-24-15 11-30-20 250,000.00 1.72% 248,818.78

03523TBB3/BUD21 CorpBond 4.38% 11-22-13 02-15-21 175,000.00 3.05% 189,878.50

63946BAE0 CorpBond 4.38% 12-08-15 04-01-21 200,000.00 2.50% 218,476.00

594918BP8 CorpBond 1.55% 11-01-16 08-08-21 100,000.00 1.79% 98,911.00

912828RC6 U.S. TREASURY NOTE 2.13% 11-09-11 08-15-21 1,000,000.00 2.04% 1,007,269.63

91159HHP8 CorpBond 2.63% 02-08-17 01-24-22 100,000.00 2.49% 100,617.00

594918BW3 CorpBond 2.40% 02-07-17 02-06-22 100,000.00 2.36% 100,162.00

585055BR6 CorpBond 3.15% 07-19-16 03-15-22 150,000.00 1.18% 160,723.50

913017BV0 CorpBond 3.10% 04-01-16 06-01-22 175,000.00 1.82% 184,674.00

91159JAA4 CorpBond 2.95% 12-08-15 07-15-22 200,000.00 2.92% 200,306.00

912828L24 U.S. TREASURY NOTE 1.88% 11-06-15 08-31-22 500,000.00 2.08% 493,497.09

375558BC6 CorpBond 3.25% 02-17-16 09-01-22 100,000.00 2.72% 103,024.00

375558BC6 CorpBond 3.25% 07-20-16 09-01-22 100,000.00 2.04% 106,727.00

912828M80 U.S. TREASURY NOTE 2.00% 12-08-15 11-30-22 500,000.00 1.99% 500,196.31

912828P38 U.S. TREASURY NOTE 1.75% 02-17-16 01-31-23 100,000.00 1.59% 101,031.45

035242AL0 CorpBond 3.30% 08-18-17 02-01-23 100,000.00 2.59% 103,443.00

037833AK6 CorpBond 2.40% 01-10-17 05-03-23 150,000.00 2.75% 146,896.50

912828S35 U.S. TREASURY NOTE 1.38% 07-19-16 06-30-23 250,000.00 1.35% 250,420.42

swansoc


GOLDEN RAIN FOUNDATION

DISCRETIONARY ACCOUNT - BLACKROCK/MERRILL LYNCH

SCHEDULE OF INVESTMENTS

9/30/17

STATED SETTLE MATURITY PAR EFFECT. ORIGINAL ANNUALIZED

I.D. NO. DESCRIPTION RATE DATE DATE VALUE YIELD COST YTD YIELD *

68389XBL8 CorpBond 2.40% 07-12-16 09-15-23 200,000.00 2.16% 203,062.00 828807CS4/SPG24A CorpBond 3.38% 01-02-15 10-01-24 200,000.00 3.15% 203,582.00

GNMA:

36291BNZ6/P623308 GNMA SECURITIES 5.50% 02-15-05 02-15-18 2,624.86 0.59% 24,500.63

36201TAZ0/P592324 GNMA SECURITIES 4.00% 02-17-10 02-15-18 4,728.70 1.45% 13,011.70

36200FLA4/P599821 GNMA SECURITIES 5.00% 07-22-04 07-15-18 107.77 0.32% 1,670.47

36291EBQ3/P625647 GNMA SECURITIES 5.50% 02-18-04 01-15-19 2,389.65 1.55% 8,464.45

36290RGU1/P615011 GNMA SECURITIES 5.00% 04-20-04 04-15-19 4,117.96 2.45% 8,414.84

36225B3R7/P781708 GNMA SECURITIES 5.00% 05-18-04 05-15-19 2,299.90 4.22% 2,722.04

36290TLG2/P616927 GNMA SECURITIES 5.50% 12-29-05 12-15-20 45,820.89 4.59% 54,930.27

36290YBU1/P621151 GNMA SECURITIES 5.50% 05-29-07 05-15-22 32,896.41 5.50% 32,896.41

36296DDR6/P687812 GNMA SECURITIES 5.50% 09-22-08 08-15-23 35,200.48 4.14% 46,733.19

36202FAF3/P004506 GNMA SECURITIES 5.00% 02-22-10 02-20-24 114,867.94 3.22% 178,105.14

36296Q4A4/P698417 GNMA SECURITIES 5.00% 09-17-09 09-15-24 67,854.41 3.02% 112,451.76

36202FD78/P004626 GNMA SECURITIES 4.50% 02-24-10 02-20-25 46,072.08 3.47% 59,806.46

36202FJC1/P004759 GNMA SECURITIES 4.00% 02-16-12 08-20-25 175,544.06 2.86% 245,511.18

36202FJC1/P004759 GNMA SECURITIES 4.00% 03-19-12 08-20-25 46,237.04 2.87% 64,399.45

3620AS6G9/P738971X GNMA SECURITIES 3.00% 04-29-15 11-15-26 226,975.40 2.76% 247,028.15

36202F2H8/P005276M GNMA SECURITIES 3.00% 11-12-14 01-20-27 150,901.03 2.73% 165,646.66

36179MAG5/PMA0007M GNMA SECURITIES 3.00% 08-20-12 04-20-27 320,706.18 2.51% 382,962.41

36179MGN4/PMA0205M GNMA SECURITIES 3.00% 07-31-12 07-20-27 253,819.80 2.50% 304,003.39

36179MGN4/PMA0205M GNMA SECURITIES 3.00% 07-15-16 07-20-27 200,471.71 2.81% 214,240.99

36179MP53/PMA0444M GNMA SECURITIES 3.00% 12-18-12 10-20-27 415,578.89 2.55% 488,359.71

36179MSB7/PMA0514M GNMA SECURITIES 3.00% 05-14-14 11-20-27 194,473.93 2.74% 212,878.62

36179MU32/PMA0602M GNMA SECURITIES 3.00% 01-17-13 12-20-27 664,074.34 2.58% 773,278.05

36213CZ52/P550764x GNMA SECURITIES 5.50% 09-19-07 09-15-35 26,955.01 6.47% 22,897.22

36202EYL7/P004315 GNMA SECURITIES 5.50% 11-18-10 11-18-38 118,709.22 2.78% 235,251.08

36296UVE7/P701813 GNMA SECURITIES 4.50% 02-18-10 02-15-39 48,188.01 3.82% 56,826.52

36297F6L1/P711075 GNMA SECURITIES 4.50% 09-21-10 09-15-40 269,527.49 3.59% 338,162.59

36179QL74/PMA2150M GNMA SECURITIES 4.50% 09-11-14 08-20-44 170,936.41 3.56% 216,115.13

36179QT50/PMA2372M GNMA SECURITIES 4.00% 12-22-14 11-20-44 258,091.38 3.36% 307,145.67

36179QT50/PMA2372M GNMA SECURITIES 4.00% 12-24-14 11-20-44 119,119.11 3.37% 141,385.33

36179SUV7/PMA4196M GNMA SECURITIES 3.50% 02-28-17 01-20-47 378,087.45 3.34% 395,668.52

36179TAK1/PMA4510M GNMA SECURITIES 3.50% 08-16-17 06-20-47 348,761.08 3.36% 363,306.25

TOTAL FOR DISCRETIONARY INVESTMENTS 17,611,141.17 18,759,275.00 2.22%

TOTAL INVESTMENTS 17,611,141.17$ 18,759,275.00$ 2.85%

*Yield is based on all investments held during the year

swansoc


Golden Rain Foundation & Trust Reserve Expenditures Report

EQUIPMENT FUND

Period Ending: 9/30/2017

BUDGET

ITEMRESOLUTION

DATE

TOTAL

Appropriations I-T-D*

REMAINING

EncumbranceSTATUS

2015

JP150010000 - Additional High Definition Programming 9/2/2014 150,000 123,522 26,478 In Progress

JP150030000 - Set Top Boxes 9/2/2014 150,600 148,815 0 Closed

JP150050000 - CH 2 Renovation 9/2/2014 200,000 200,000 0 Closed

JP150110000 - Cargo Vans (5) 9/2/2014 182,200 0 182,200 Open

JP150120000 - Utility Vehicles (10) 9/2/2014 167,500 97,343 70,157 In Progress

JS150070000 - CH 3 Walkthrough Items 1/6/2015 150,000 3,500 146,500 In Progress

JS150240000 - Additional Set Top Boxes 4/7/2015 208,000 206,863 0 Closed

2016

JP160100000 - High Definition Programming 9/1/2015 154,100 0 154,100 Open


JP160700000 - Core Network Hardware & Software 9/1/2015 159,000 158,628 0 Closed

JP161000000 - Pond Aerators (2) 9/1/2015 10,500 0 0 Closed

JP161200000 - Bark Blower 9/1/2015 138,600 68,074 0 Closed

JP161300000 - Miscellaneous Equipment 9/1/2015 79,500 49,852 29,648 In Progress

JP161400000 - 2016 Mobility & Vehicles Spending Limit 9/1/2015 700,000 552,720 147,280 In Progress

JS16023E001 - Performing Arts Center 6/7/2016 600,000 80,609 519,391 In Progress

JS16023E002 - Network Infrastructure 6/7/2016 195,000 158,675 36,325 In Progress

JS16023E003 - Document Imaging 6/7/2016 50,000 43,940 0 Closed

JS16023E008 - Board Room Technology 6/7/2016 200,000 221,703 0 Closed

JS16023E011 - Arbor Pro Software 6/7/2016 120,000 108,370 11,630 In Progress

JS16023E012 - EMS Upgrades 6/7/2016 80,000 0 80,000 Payment Pending

JS16023E013 - Branding, Website and Company Intranet 6/7/2016 70,000 90,000 0 Closed

JS160280000 - Additional Set Top Boxes 7/5/2016 116,000 114,094 0 Closed

JS160290000 - Tennis Courts Security Access 7/5/2016 24,000 26,953 0 Closed

EXPENDITURES

swansoc



EQUIPMENT FUND


BUDGET

ITEMRESOLUTION

DATE

TOTAL


REMAINING

EncumbranceSTATUS

EXPENDITURES

2017

JP170100000 - CH 4 Pool Covers 9/6/2016 11,000 0 11,000 Open

JP170200000 - High Speed Internet Transmitters 9/6/2016 53,000 56,568 0 Closed

JP170300000 - Remote Broadcast Cameras at Clubhouses 9/6/2016 60,000 28,634 0 Closed


JP170500000 - Simulsat Antenna 9/6/2016 202,000 191,612 10,388 In Progress

JP170600000 - Standby Satellite Dish 9/6/2016 10,000 0 10,000 Open

JP170700000 - Whole Home DVR Service 9/6/2016 350,000 0 350,000 Open

JP170800000 - CH 3 Commercial Appliances 9/6/2016 13,000 0 13,000 Open

JP170900000 - CH 5 Commercial Appliances 9/6/2016 23,000 0 23,000 Open

JP171000000 - Fitness Center Equipment 9/6/2016 100,000 94,358 5,642 In Progress

JP171100000 - Dynamics CRM Software 9/6/2016 500,000 0 500,000 Open

JP171200000 - Facility Wi-Fi Hotspots 9/6/2016 32,000 33,656 0 Closed

JP171300000 - Human Resources Information System 9/6/2016 100,000 68,126 31,874 In Progress

JP171400000 - Network Server Hardware and Software 9/6/2016 500,000 482,969 17,031 In Progress

JP171500000 - Irrigation Satellites 9/6/2016 148,000 142,154 5,846 In Progress

JP171600000 - Miscellaneous Building Equipment 9/6/2016 21,000 8,291 12,709 In Progress

JP171700000 - Miscellaneous Painting Equipment 9/6/2016 49,000 29,175 19,825 In Progress

JS170090000 - Add Funding Simulsat Antenna 2/7/2017 113,600 91,380 22,220 In Progress

JS170100000 - Clubhouse Piano Assessment and Replacement 2/7/2017 15,000 1,600 13,400 In Progress

JS170200000 - Village Television Studio Set Remodel 7/5/2017 20,000 5,405 14,595 In Progress

JA170320000 - Additional Set Top Boxes 10/3/2017 102,200 0 102,200 Open

6,877,100 4,231,927 2,566,439

swansoc



BUDGET

ITEMRESOLUTION

DATE

TOTAL


REMAINING

EncumbranceSTATUS

2013

10/11/2012 28,400 0 28,400 Open

10/11/2012 194,700 157,731 36,969 In Progress

2014

9/3/2013 764,500 764,500 0 Closed

9/3/2013 500,000 500,000 0 Closed

8/5/2014 200,000 200,000 0 Closed

8/5/2014 533,400 47,696 485,704 In Progress

10/7/2014 18,700 0 0 Closed

2015

9/2/2014 4,000,000 3,939,836 0 Closed

9/2/2014 50,000 16,768 33,232 In Progress

9/2/2014 700,500 419,907 280,593 In Progress

9/2/2014 600,000 61,643 538,357 In Progress

9/2/2014 129,800 0 129,800 Open

8/14/2015 2,112,000 2,112,000 0 Closed

9/1/2015 100,000 100,000 0 Closed

9/1/2015 250,000 227,354 0 Closed

1/5/2016 45,000 45,038 0 Closed

2/2/2016 378,670 378,670 0 Closed

4/5/2016 234,416 234,416 0 Closed

6/7/2016 730,000 621,020 0 Closed

6/7/2016 600,000 356,930 243,070 In Progress

6/7/2016 400,000 238,197 161,803 In Progress

JS16023F004 - Paving & Seal Coat

JS16023F005 - LED Lighting

JS16023F006 - Garden Center 1 & 2 Renovation

JP150140000 - CH 5 Decentralized Fitness

JP150150000 - CH 5 HVAC and Roof Replacement

JP150190000 - Paddle Tennis and Pickleball Courts

JS160070000 - Change Orders to Renovate CH 2

JS160020000 - Landscape at Gate 5

JP162000000 - CH 2 Renovation - Phase II

JP164000000 - Miscellaneous Projects

2016

JS160150000 - Additional Change Orders to CH 2

FACILITIES & TRUST FUNDS


EXPENDITURES

JP13022000 - CH 4 Locker Room Heater

JP130260000 - Access Control System Design

JP140350000 - Gate 5 and Gate 6 Renovation

JP140360000 - Gate Access Control System

JS140360000 - Clubhouse 2 Renovation Design

JP150130000 - CH 2 Renovation - Building/Site

JS140400000 - Community Center Mechanical and

Electrical System

JS140620000 - Aliso Creek Bridge Guardrails

JS150460000 - Add Funding - CH 2 Renovation

JP150200000 - Historical Society HVAC and Roof

swansoc



BUDGET

ITEMRESOLUTION

DATE

TOTAL


REMAINING

EncumbranceSTATUS



EXPENDITURES

6/7/2016 370,000 370,128 0 Closed

6/7/2016 200,000 193,507 6,493 In Progress

6/7/2016 122,500 0 122,500 Open

6/7/2016 70,000 0 70,000 Open

6/7/2016 4,000 0 4,000 Open

9/6/2016 173,100 50,925 122,175 In Progress

12/6/2016 404,500 312,607 0 Closed

9/6/2016 12,000 0 12,000 Open

9/6/2016 26,000 0 26,000 Open

9/6/2016 125,000 0 125,000 Open

9/6/2016 26,000 0 26,000 Open

9/6/2016 125,000 0 125,000 Open

9/6/2016 75,000 18,409 56,591 In Progress

9/6/2016 240,000 63,005 176,995 In Progress

9/6/2016 300,000 0 300,000 Open

9/6/2016 728,000 0 728,000 Open

9/6/2016 37,000 0 37,000 Open

9/6/2016 75,000 51,421 23,579 In Progress

9/6/2016 19,000 4,610 14,390 In Progress

9/6/2016 50,000 9,609 40,391 In Progress

9/6/2016 104,000 0 104,000 Open

9/6/2016 11,000 0 11,000 Open

9/6/2016 25,000 0 25,000 Open

9/6/2016 98,000 0 98,000 Open

9/6/2016 129,800 11,604 118,196 In Progress

JP173400000 - Clubhouse 7 Wood Floor - Main Lounge

JP173500000 - Village Greens Maintenance

JP173600000 - Community Center Entrance Air Lock

JP173700000 - Historical Society HVAC and Roof

JP172900000 - Clubhouse 4 HVAC System

JP173000000 - Clubhouse 4 Maintenance

JP173100000 - Clubhouse 5 Bar Area Flooring



JP172400000 - Pool 6 Maintenance


JP172600000 - Clubhouse 2 Annex Building Renovation


JP172800000 - Clubhouse 3 Stage/Safety

2017





JS160450000 - Solar Thermal Heating for Pools

JS16023F010 - Call Center (20 Seat)

JS16023F014 - CH7 Bridge Room Flooring

JS16023F015 - CH1 Billiards Room Flooring

JS16023F007 - Community Center Fitness Relocation

JS16023F009 - TV Studio HD Conversion

JS160530000 - Add Funding Gate 5 and Gate 6

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BUDGET

ITEMRESOLUTION

DATE

TOTAL


REMAINING

EncumbranceSTATUS



EXPENDITURES

9/6/2016 180,000 3,880 176,120 In Progress

9/6/2016 250,000 122,297 127,703 In Progress

9/6/2016 630,000 619,318 10,682 In Progress

9/6/2016 325,000 0 325,000 Open

2/7/2017 101,000 98,168 0 Closed

JS170190000 - Aliso Creek Mitigation and Bridge 7/5/2017 110,222 7,644 102,578 In Progress

JS17019B000 - 19 Restaurant and Lounge Update 7/5/2017 75,000 9,867 65,133 In Progress

JS170220000 - Add Funds - Lawn Bowling Resurface 8/1/2017 412,303 0 412,303 Open

18,203,511 12,368,705 5,529,756

JS170080000 - Add Funds - Board Room Technology

JP173900000 - Miscellaneous Projects

JP174000000 - Asphalt Paving Program

JP174100000 - Camera Surveillance System

JP173800000 - Lawn Bowling Resurface

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BUDGET

ITEMRESOLUTION

DATE

TOTAL


REMAINING

EncumbranceSTATUS

2015

6/2/2015 19,230 0 19,230 Open

8/4/2015 5,000 0 0 Closed

10/9/2015 15,000 4,100 0 Closed

2017

1/3/2017 2,200 1,746 0 Closed

41,430 5,846 19,230

STATUS LEGEND

Open No action taken; encumbrance remains.

Spec/Bid Work is in the specification/bid process; future expenditures anticipated.

In Progress Work has begun and future expenditures are anticipated.

Closed Work and/or billings are complete; encumbrance removed.

On Hold Work has ceased for the item; encumbrance remains.

Rescinded Resolution rescinded; encumbrance removed.

JS170020000 - Bicycle Patrol Unit

JS150420000 - JCI Energy Study

JS150610000 - Temporary Cooling System for CH 5

CONTINGENCY FUNDS


EXPENDITURES

JS150350000 - Aliso Creek Mitigation Plan Process

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STAFF REPORT DATE: November 7, 2017 FOR: Board of Directors SUBJECT: Early Expenditure of Funds for 2018 Capital Plan items RECOMMENDATION Staff recommends the Board approve an early expenditure of funds for the following 2018 Capital Plan Items: CH 1 Renovation Assessment CH 4 Gas Kilns CH 7 Kitchen Modifications Microsoft AX Licenses Buses

BACKGROUND Resolution 90-17-30 authorized expenditures in 2018 from reserves for the addition, replacement or improvement of GRF facilities and their components. Of the 58 items approved for action, five are identified for an early start in 2017. DISCUSSION Several projects have been identified as a priority in the current year and require an early release of funding to proceed with the specification/bid process. FINANCIAL ANALYSIS There is no financial impact as these funds are planned reserve expenditures. Prepared By: Jose Campos, Financial Services Manager Reviewed By: Betty Parker, Financial Services Director

Lori Moss, Community Manager ATTACHMENT(s): ATT 1 – 2018 Capital Plan

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S:\Bud18\Capital September 5, 2017

Job Number Description EQUIPMENT FACILTIES TOTALBroadband Services 400,000$

JP180100000 Broadband Cable Inspection & Infrastructure Repairs 100,000 100,000 JP180200000 Set Top Boxes 300,000 300,000

Clubhouse 1 787,000 JP180300000 CH 1 Chairs 40,000 40,000 JP180400000 CH 1 Fitness 185,000 185,000 JP180500000 CH 1 HVAC Replacement 350,000 350,000 JP180600000 CH 1 Maintenance 50,000 50,000 JP180700000 CH 1 Mini-gym ducting and equipment 15,000 15,000 JP180800000 CH 1 Pool Furniture 50,000 50,000 JP180900000 CH 1 Renovation Assessment 80,000 80,000 JP181000000 CH 1 Shade Canopies: Bocce Courts 5,000 5,000 JP181100000 CH 1 Shower boiler 12,000 12,000

Clubhouse 4 376,000 JP181200000 CH 4 2 Gas Kilns 100,000 100,000 JP181300000 CH 4 Equipment Contingency 23,000 23,000 JP181400000 CH 4 Maintenance 91,000 91,000 JP181500000 CH 4 Roof Replacement 100,000 100,000 JP181600000 CH 4 Upper rooftop pool deck rebuild 62,000 62,000

Clubhouse 5 182,000 JP181700000 CH 5 Maintenance 32,000 32,000 JP181800000 CH 5 Building Update-Multipurpose Room 75,000 75,000 JP181900000 CH 5 Chairs Main Lounge 75,000 75,000

Clubhouse 6 50,000 JP182000000 CH 6 Tables & Chairs (was billiards) 50,000 50,000

Clubhouse 7 167,000 JP182100000 CH 7 Boiler 10,000 10,000 JP182200000 CH 7 Chairs 20,000 20,000 JP182300000 CH 7 Domestic water heater 7,000 7,000 JP182400000 CH 7 Kitchen Modifications 130,000 130,000

Community Center 1,355,000 JP182500000 Community Center Flooring - 1st & 3rd Floors 750,000 750,000 JP182600000 Community Center HVAC 450,000 450,000 JP182700000 Community Center Roof 155,000 155,000

Computers 249,000 JP182800000 Access Control System Refresh ID Cards 89,000 89,000 JP182900000 Microsoft AX 2012 License 130,000 130,000 JP183000000 Vehicle Computers 30,000 30,000

Energy Management System 150,000 JP183100000 Clubhouse 1,3,5 Energy Management System 150,000 150,000

Golden Rain Foundation2018 CAPITAL PLAN

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S:\Bud18\Capital September 5, 2017

Job Number Description EQUIPMENT FACILTIES TOTAL

Golden Rain Foundation2018 CAPITAL PLAN

Gate Renovations $1,640,000JP183200000 Gates 1, 2, 3, and 4 - United Mutual Renovation 440,000 440,000 JP183300000 Gates 1, 2, 3, and 4 - United Mutual Technology 333,000 333,000 JP183400000 Gates 7, 8, 9, and 14 - Third Mutual Renovation 440,000 440,000 JP183500000 Gates 7, 8, 9, and 14 - Third Mutual Technology 367,000 367,000 JP183600000 Gates 10, 11, 12 Design 60,000 60,000

Golf Facilities 333,000 JP183700000 Fairway Aerator 28,000 28,000 JP183800000 Golf Netting at Garden Center 1 138,000 138,000 JP183900000 Irrigation System Components: Gate Valves 100,000 100,000 JP184000000 Mower - Riding Greens 67,000 67,000

Head End Building HVAC 12,000 JP184100000 Head End Building HVAC Unit 12,000 12,000

Landscape 95,000 JP184200000 Laser Lawn Mowers (5) 60,000 60,000 JP184300000 Compact Utility Loader 35,000 35,000

Miscellaneous Projects 250,000 JP184400000 Miscellaneous 250,000 250,000

Other Equipment 220,000 JP184500000 Miscellaneous Building Equipment 100,000 100,000 JP184600000 Miscellaneous Equipment 40,000 40,000 JP184700000 Outdoor Concert Support System 80,000 80,000

Paving 955,000 JP184800000 Asphalt Paving and Sealcoat Programs 805,000 805,000 JP184900000 Concrete Repairs 150,000 150,000

Performing Arts Center 60,000 JP185000000 CH 3 Auditorium Video Projector 60,000 60,000

Service Center 50,000 JP185100000 Maintenance Building Radiant heaters 50,000 50,000

Vehicles 1,006,000 JP185200000 Buses (2) 200,000 200,000 JP185300000 Lifts (2) 110,000 110,000 JP185400000 Pickups (3) 95,000 95,000 JP185500000 Tractor 195,000 195,000 JP185600000 Truck (1) 36,000 36,000 JP185700000 Utility Vehicles (9) 158,000 158,000 JP185800000 Vans (6) 212,000 212,000

$3,487,000 $4,850,000 $8,337,000

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STAFF REPORT

DATE: November 7, 2017 FOR: GRF Board of Directors SUBJECT: Supplemental Funding for 2017 RECOMMENDATION Staff has reviewed planned expenditures for the remainder of the year and recommends the following supplemental appropriations, to be funded as identified below: Maintenance Center Storm Drain Repair $200,000 Staff recommends an appropriation of $200,000, to be funded from the Facilities Fund, for a major storm drain repair at the Service Center.

Maintenance staff has discovered a sink hole had developed in the Maintenance Center Parking Lot adjacent to Building E (Warehouse). The upper portion of an underground storm drain pipe collapsed due to corrosion. Staff retained a Civil Engineer to prepare the permit set of plans, which were included in a contractor bid solicitation. The contractor was awarded the contract to complete the engineered design repair for $26,950.

Upon excavation and inspection of the storm drain pipe, it was determined that the damage to the corrugated drain pipe was much greater than anticipated. After a camera was used to view the entire length of the drain pipe, it was determined that the entire length of 365 feet of 15 inch pipe requires extensive repairs or complete replacement to insure proper drainage and protection from future failure, which could result in another sink hole.

The current storm drain pipe was installed approximately 50-years ago and is no longer functioning as designed. Staff has evaluated the film from the camera test and is recommending a full replacement. Staff is currently researching alternative methods for repairing the drain line in lieu of a full replacement, such as epoxy liner or inserting a smaller pipe. If an alternative method is deemed more feasible, staff will proceed accordingly. Based on the quotes received for the original scope of work, staff estimates total project costs of approximately $200,000. Legal Fees $100,200 Staff recommends a supplemental appropriation of $100,200, to be funded from the Contingency Fund, for unanticipated legal expenses.

The 2017 Business Plan includes funding of $299,500 for legal fees to cover general litigation, opinions on governing documents, general business opinions, and employment issues. The annual budget has been depleted, primarily due to a one-time payment of a judgement which is currently on the books as an unbudgeted operating expense. The judgment should be charged to the Contingency Fund, based on the defined purpose of the fund to pay for unanticipated expenditures.

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Golden Rain Foundation of Laguna Woods Supplemental Funding for 2017 November 7, 2017 Page 2 Tub Grinder $85,000 Staff recommends a supplemental appropriation of $85,000, to be funded from the Contingency Fund, for outsourcing of tub grinding required to meet AQMD requirements.

In January 2017, the South Coast Air Quality Management District (AQMD) issued a Notice of Violation stopping the use of the landscape tub grinder. By determining that the engine no longer met all applicable rules for the operation of a mobile source of air pollution, the AQMD stopped grinding and composting of all the greenwaste generated by the landscape maintenance operation in the Village. A private vendor was contracted to perform grinding on accumulated greenwaste and this service will be required again before year-end. Staff estimates total expense for outsourced grinding in the Village to be $75,000 for the year.

Further, an engineering firm has been retained to aid in securing the necessary AQMD permits for the legal operation of a tub grinder within the Village. In addition to professional fees, permit fees will likely be required by AQMD. Staff estimates the cost associated with the tub grinder permitting to be $10,000. Branding and Website Development $76,000 Staff recommends a supplemental appropriation in the amount of $76,000, to be funded from the Equipment Fund, for additional costs incurred under board resolution 90-16-23, Branding Materials, Website, and Company Intranet development.

On June 7, 2016 the GRF Board approved resolution 90-16-23 which included $70,000 for Branding Materials, Website, and Company Intranet development. A contract for Public Relations and Website Design was awarded to a contractor on 06/20/16 to design and build the community website. By November of 2016, it was clear to staff the contractor was not going to be able to deliver a workable product and a decision was made to terminate the contract. A new contract was awarded to a second contractor on 02/17/17 to redesign and build the community website which was completed and delivered into production in May. The portion of funding for the resident portal and the Intranet pages was shifted to developing the new club portal after it was decided that the clubs would still need to have their pages hosted as part of the community website.

A revised total of $146,000 is estimated for the Branding Materials and Website project, of which $70,000 has been appropriated to date. Miscellaneous Projects $50,000 Staff recommends an appropriation of $50,000, to be funded from the Facilities Fund, as a contingency for miscellaneous projects.

The 2017 Capital Plan approved $250,000 for Miscellaneous Projects. Occasionally unforeseen projects will arise after the funding portion for the Capital Plan has been approved for the upcoming budget year. By including a contingency in the Capital Plan, unforeseen miscellaneous projects have been completed in an economical and timely fashion without going through the formal Board review process required for supplemental appropriations.

All of the funds from the original appropriation are committed. However, miscellaneous projects continue to arise. Additional funding of $50,000 will allow work to continue in 2017.

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Golden Rain Foundation of Laguna Woods Supplemental Funding for 2017 November 7, 2017 Page 3 Human Resource Information System $30,000 Staff recommends an appropriation of $30,000, to be funded from the Equipment Fund, to provide additional onsite implementation and training for the HR/Payroll software system before the December 18, 2917 go live date.

The 2017 Capital Plan approved $100,000 for a new Human Resources Information System (HRIS). To keep project costs within the provided funding, the vendor suggested guided software implementation where it was anticipated that HR and Payroll staff would perform up to 75% of the configuration and testing during implementation. All other work on the project would be performed by the implementation consulting team remotely with communications flowing through the project manager via email and weekly status conference calls.

As the HRIS project is progressing, it has become apparent that additional onsite professional services are required during the critical testing periods to meet the implementation schedule. The year-end deadline is critical in that ACA tax reporting requirements and benefit plan changes scheduled to take place at the start of the new payroll year would be too costly to implement in both the old system and new systems simultaneously. Having a consultant onsite for 5-10 days in November working closely with Payroll and HR staff would facilitate the successful and on time implementation of the new software platform. Fleet Management Software Update $18,000 Staff recommends an appropriation of $18,000, to be funded from the Equipment Fund, for fleet management software upgrades.

The General Services Department began the process of updating the Fleet Management Software package in 2017, with outside services being charged to operations. The program had not been updated since 2013 and was no longer supported by the provider. Staff has begun to update the software, install compliant hardware and coordinate integration of the new software solutions utilizing in-house staff and vendor software engineers. Additional training will be required to ensure that Vehicle Maintenance Staff and supervisors will be fully functional with the newly upgraded system. Staff anticipates the total expense to be $18,000 to complete the Fleet Management Software and training. Golf Fuel Tank Compliance $12,000 Staff recommends an appropriation of $12,000, to be funded from the Facilities Fund, for compliance-related upgrades to the golf fuel tank.

In August 2017, Staff concluded that the fuel tanks that support golf operations are in need of mandatory maintenance and repair is required on of some noncompliant equipment. Although currently operational and with valid permits, Staff anticipates that the next inspection of the Orange County Department of Environmental Health may result in a Notice of Violation if corrections are not made. Depending on their findings, the OC Department of Environmental Health may elect to stop fuel dispensing and storage. Staff estimates costs of approximately $12,000 to provide compliance-related upgrades.

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STAFF REPORT DATE: October 18, 2017 FOR: Media & Communication Committee SUBJECT: Analog Channel Deletion Communication Plan Including Costs RECOMMENDATION Approve the pricing structure identified below and direct Staff to begin communicating to Residents the information on services and pricing regarding Analog Channel Deletion. BACKGROUND On October 3, 2017 GRF approved the “Analog Deletion Schedule” (Attachment 1) for a phased approach, beginning January 8, 2018, to remove analog service by year-end 2018. As a result, analog televisions will no longer work without a Digital to Analog (DTA) Converter or a Standard Set-Top-Box. Analog TV owners will not be able to view channels without set-top-box or Digital Video Recorder (DVR). Digital televisions without a device will see a reduction of viewable channels to just over 50, and an elimination of the channel 3 guide. Below is specific pricing. Analog Television Options No. of Channels Monthly Fee Television Guide No Device 0 No Service No Service Standard Set-Top-Box 200+ $4.95 Digital Guide DVR 295+ $19.25 Digital Guide Digital Television Options No. of Channels Monthly Fee Television Guide No Device 50+ No Additional No Guide DTA Converter 295+ $7.25 Digital Guide Digital Set-Top-Box 295+ $13.25 Digital Guide DVR 295+ $19.25 Digital Guide Whole-home-DVR 295+ $24.95 TIVO Guide The first communication piece (Attachment 2) identifies which channels will be improved to digital as of January 8, 2018. This piece will be emailed in the blast, placed in the Breeze, posted on www.lagunawoodsvillage.com, and placed in the Globe as soon as GRF takes action on November 7, 2017. Other materials will include a rate sheet. FINANCIAL ANALYSIS The proposed fees will cover the cost of digital services and programming. Prepared By: Chuck Holland – Information Services Director

http://www.lagunawoodsvillage.com/

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Agenda Item # 11, Page 1 of 5

Golden Rain Foundation of Laguna Woods October 18, 2017 Page 2 Reviewed By: Lori Moss – Community Manager ATTACHMENTS(S) Attachment 1 – 2018 Analog Deletion Schedule Attachment 2 – December Communication with Residents

Attachment 1

2018 CHANNEL DELETION SCHEDULE

PHASE 1: Delete 7 ANALOG Channels January 8th 2018 ANALOG CHANNEL SERVICE Initiate Analog

Crawl Initiate Digital

Crawl Remove from

System 47 Discovery Life 11/8/2017 None Required 1/8/2018 51 Comedy Central 11/8/2017 None Required 1/8/2018 55 Freeform 11/8/2017 None Required 1/8/2018 56 truTV 11/8/2017 None Required 1/8/2018 61 TLC 11/8/2017 None Required 1/8/2018 64 Animal Planet 11/8/2017 None Required 1/8/2018 73 Disney Channel 11/8/2017 None Required 1/8/2018 - ESPNEWS 11/8/2017 1/8/2018

PHASE 2: Delete 8 ANALOG Channels April 9th, 2018

ANALOG CHANNEL SERVICE Initiate Analog Crawl

Initiate Digital Crawl

Move Effective

50 WGN Superstation 2/9/2018 None Required 4/9/2018 60 History Channel 2/9/2018 None Required 4/9/2018 63 Travel Channel 2/9/2018 None Required 4/9/2018 69 BBC America 2/9/2018 None Required 4/9/2018 71 AMC 2/9/2018 None Required 4/9/2018 72 A&E 2/9/2018 None Required 4/9/2018 74 Discovery Channel 2/9/2018 None Required 4/9/2018 78 National Geographic 2/9/2018 None Required 4/9/2018

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Golden Rain Foundation of Laguna Woods October 18, 2017 Page 3

PHASE 3: Delete 7 ANALOG Channels July 6th, 2018 ANALOG CHANNEL SERVICE Initiate Analog


Crawl Move

Effective 48 Hallmark Channel 5/7/2018 None Required 7/6/2018 53 TNT 5/7/2018 None Required 7/6/2018 62 OWN 5/7/2018 None Required 7/6/2018 65 Lifetime 5/7/2018 None Required 7/6/2018 67 FX 5/7/2018 None Required 7/6/2018 68 TCM 5/7/2018 None Required 7/6/2018 73 TBS Superstation 5/7/2018 None Required 7/6/2018

PHASE 4: Delete 9 ANALOG Channels October, 8th 2018 ANALOG CHANNEL SERVICE Initiate Analog


Crawl Move

Effective 19 CSPAN 8/8/2017 None Required 10/8/2018 24 Golf Channel 8/8/2017 None Required 10/8/2018 25 ESPN Classic 8/8/2017 None Required 10/8/2018 26 ESPN Sports 8/8/2017 None Required 10/8/2018 27 ESPN 2 Sports 8/8/2017 None Required 10/8/2018 28 Fox Sports Net West 8/8/2017 None Required 10/8/2018 29 FSN Prime Ticket 8/8/2017 None Required 10/8/2018 49 CSPAN2 8/8/2017 None Required 10/8/2018 66 STARZ ENCORE 8/8/2017 None Required 10/8/2018

PHASE 5: Delete 20 ANALOG Channels December, 3rd 2018

ANALOG CHANNEL SERVICE Initiate Analog Crawl

Initiate Digital Crawl

Move Effective

2 KCBS None None 12/3/2018 4 KNBC None None 12/3/2018 5 KTLA-CW None None 12/3/2018 6 LOCAL None None 12/3/2018 7 KABC None None 12/3/2018 8 KOCE-PBS SoCal None None 12/3/2018 9 KCAL None None 12/3/2018

10 KCET None None 12/3/2018 11 KTTV-FOX None None 12/3/2018 12 KDOC None None 12/3/2018 13 KCOP-My13 None None 12/3/2018

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Golden Rain Foundation of Laguna Woods October 18, 2017 Page 4

14 Fox News 10/3/2018 None Required 12/3/2018 16 CNN 24HR News 10/3/2018 None Required 12/3/2018 17 CNN Headline News 10/3/2018 None Required 12/3/2018 31 City of Laguna Woods 10/3/2018 None Required 12/3/2018 75 The Weather Channel 10/3/2018 None Required 12/3/2018 95 evine 10/3/2018 None Required 12/3/2018 96 QVC Home Shopping 10/3/2018 None Required 12/3/2018 99 Home Shopping Network 10/3/2018 None Required 12/3/2018 3 Channel 3 TV Guide 12/3/2018

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OPEN MEETING REGULAR MEETING OF THE … Finance... · Wednesday, October 25, 2017 – 1:30 p.m. ......

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