Minutes of the 2007 Annual Meeting of Members,
Preferred RV Resort Owners Association
(minutes posted below are not approved, and will not be until the 2008 annual meeting)

KARL ARNSMEIER, PRESIDENT WELCOMED EVERONE TO THE ANNUAL MEETING BEING HELD AT THE PAHRUMP NUGGET. HE ASKED EVERYONE TO STAND FOR THE PLEDGE OF ALLEGIANCE TO THE FLAG.

KARL THEN CALLED ON JAMES HORTON, MANAGER. FOR CONFIRMATION OF A QUARUM AND LAST CALL FOR BALLOTS. JAMES ASKED BETTY AHLSTROM, BETTY STATED THE WE DID HAVEA QUARUM FOR THE ANNUAL MEETING TODAY.

MEMBER REMEMBRANCE AND PRAYER WAS GIVEN BY SUSAN LOER IN HONOR OF THOSE WHO HAVE PASSED AWAY THIS PAST YEAR. THEY ARE,

D.C. SMITH 11/5/06
ARLENE PLYMATE 12/5/06 JIM YOKLEY 12/7/06
WALTER BLOHM 12/29/08 CONIOAY HARRIS 1/10/07
PAULY YOAKUM 1-/06 CLIFTON SMITH 1/10/07
ROBERT JOHNSON 3/22/07 BARRY CUBIT 6/07
FRED COOPER J.V. DICKSON 7/07
PAUL REISMAN 8/07 BURT WERTZ 7/27/07
WANDA BLOHM 8/20/07 RICHARD CARSON 8/07
BRETT CARTER MARY PARKS 9/23/07
MR. HARRINGTON CHERYL VOUGHT 9/07

KARL INTRODUCED THE CANDIDATES RUNNING FOR THE BOARD. THOSE PRESENT WERE, CANDY DURBIN AND RUTH UNCAPHER

KARL INTRODUCED THE BOARD OF DIRECTOR’S AND GUEST.
KARL ARNSMEIER PRESIDENT
Wm “TOM” SHAFFER VICE PRESIDENT
RUTH UNCAPHER SECRETARY
ALBERT KOENDERINK TREASURER (NOT PRESENT)
ROBERT SCHRUISE ASSISTANT TREASURER
CANDY DURBIN MEMBER
FRANK BEBEE MEMBER
GARY LEIN HILBURN &LEIN, CPA’

SECRETARY RUTH UNCAPHER READ THE MINUTES OF THE ANNUAL MEETING 2006. IT WAS MOVE BY TOM SHAFFER TO ACCEPT THE MINUTES AND SECONED BY FRANK BEBEE, MOTION CARRIED.

ROBERT SCHRUISE PRESENTED THE TREASURE’S REPORT.

AS OF SEPTEMBER 30, 2007.
THE TOTAL INCOME WAS ---$857,910.05,
CASH / HAND---$319,863.89, 30 YR. RESERVE---$232,866.83. OPERATING BUDGET NET INCOME---53,066.25,
RESERVE FUND EXPENSES---$127,638.88,
BROKERAGE ACC. INTEREST,---$10,830.93, EQUALS / DUES INCREASE---6.66.
LAST YEAR ALL BANK ACCOUNTS WERE MOVED TO WELL’S FARGO BANK. WE COULD INSURE ALL OF THE BANK ACCOUNTS.. THE BROKERAGE ACCOUNT IS NOW BEARING INTEREST.
IT WAS MOVED BY FRANK BEBEE TO ACCEPT THE TREASURER’S REPORT AND SECONDED BY TOM SHAFFER, DISCUSSION, MOTION CARRIED.

KARL INTRODUCED GARY LEIN WITH HILBURN AND LEIN, CPA OUR AUDITOR AND TAX PREPARER. GARY LEIN STATED THAT HE WAS CONTRACTED TO DO OUR YEARLY AUDIT REPORT. TOTAL ASSET FOR 2006 WERE $519,942.00, HE REPORTED THAT WE HAD $234,196 IN THE OPERATING FUND AND $285,746 IN THE RESERVE FUND. OUR OBLIGATIONS OWED WERE $49,249.
TIMED SHARE INTERESTS HELD BY THE ASSOCIATION TO BE SOLD AT A FUTURE TIME $161,615.
TOTAL REVENUE WAS $1,030,684.00.
EXPENSES WERE $976,399.00.
EXCESS REVENUE $58,285.00.
OPERATING FUND $890,540.00
OPERATING EXPENSES $904,356.00
OPERATING LOSS $13,816.00

THE PARK HAD EMPLOYERS INSUANCE GROUP HANDLING THEIR WORKMAN’S COMPENDSATION AND THEY DECIDED TO GO PUBLIC. THEREFORE, THE PARK ENDED UP BEING THE BENEFACTOR OF 7,621 SHARES OF THAT STOCK. AFTER THIS MEETING I SHALL DISCUSS WITH THE BOARD WHETHER THE STOCK SHOULD BE HELD OR LIQUIDATED AND THE TAX CONSEQUENCES.

BILLY ELLIS, PARK MAINTENCE GAVE A REPORT OF PARK IMPROVEMENTS AND PROJECTS THAT WERE DONE IN 2006YEAR.

1--UPDATED THE ELECTRICAL IN THE POOL AREA TO MEET CODE.
2--DUG UP AND REPLACED 7 BAD VALES FOR THE WATER SPECTE THROUGH OUT THE PARK.
3--HAD THE POOL AND SPA REPLASTERED, THE STEPS WERE ALSO TILED.
4--HAD THE STUCCO THE REPAIRS ON GUARD SHACK.
5--PRESSURE WASHED AND STAINED THE OFFICE DECK
6.--CLUB HOUSE, LADIES ROOM SHOWER’S WERE RETILED.
7.--VALLEY ELECTRIC HAD TO REPAIR OUR MAIN LINE TO THE OFFICE, CLUB HOUSE AND THE BLOOM BUILDING, THEY BROUGHT OUT A GENERATOR TO RUN THESE BUILDINGS. IT PREVENTED LOSING ALL THE FOOD IN FREEZER AND REFRIGERATOR, ALSO IT KEPT THE OFFICE UP AND RUNNING.
8--PURCHASED NEW VACCUME, TO VACCUME THE ENTRANCE DRIVE AND TO PICK LEAVES.
9--TRIMMED UP TREES IN THE LOWER SECTION
10--THE TREE TRIMMERS CAME IN AND TRIMED ALL THE COTTONWOODS AND THE PALM TREE’S. THEY ALSO TREATED FOR INSECTS.
11--CHANGED OUT THE A/C IN THE GUARD SHACK.

BILLY GAVE A REPORT ON THE LOSS THAT MARY AND EARL MARSH HAD IN JULY WHILE THEY WERE ON VACATION. THERE HOUSE WAS ROBBED AND THEN BURNT DOWN, SO THEY CAME HOME TO A BURN DOWN HOUSE. THEY LOSS EVERYTHING.
MARY MARSH, ACTIVITY DIRECTOR HAD PRAISE FOR HER VOLUNTEERS. MARY HAD 105 VOLUNTEER’S WHO WORKED THIS PAST YEAR. THE HOURS THAT THE VOLUNTEER‘S PUT IN OVER THE LAST YEAR WAS 8716 3⁄4 HOURS, WHICH WAS A TOTAL SAVINGS OF $55,177.02. 41/3 EQUALIVANT OF NUMBER OF FULL TIME EMPLOYEE’S. BE SURE TO SIGN UP FOR THE WELCOME HOME PARTY, IF YOU HAVEN’T ALREADY DONE SO. COUNTY LINE IS OUR ENTERTAIMENT FOR THE AFTERNOON. MARY WENT ON TO TELL US OF SOME OF THE UP COMING EVENTS FOR THE NEXT MONTH. I WANT TO THANK EVERBODY WHO HAS BEEN SO GENEROUS WITH ALL THE GIFTS AND MONEY TO RELACE OUR HOME CONTENTS, LOVE YOU ALL.

JAMES HORTON, MANAGER, GAVE A BACKGROUND OF HIM SELF, HAVING GROWN UP IN NEW YORK, MOVING OUT TO LAS VEGAS TEN YEARS AGO, THEN MOVING TO PAHRUMP ABOUT TWO AND A HALF YEARS AGO. BACKGROUND IS IN HOTEL ADMINSTRATION, LAW SCHOOL, ACCOUNTING, STOCK BROKER, PRODUCED AND DIRECTED TELEVISION, ALSO WAS A BLACKJACK DEALER, SO HOPE TO REKINDLE MY SKILLS AT THE CASINO NIGHT COMING UP. ALSO RECENTLY GOT MARRIED, HE INTRODUCED HIS WIFE, ALSO HAS A NEW DAUGHTER AND A TEN YEAR OLD SON BY A PREVIOUS MARRIAGE.

LABOR COST IS $25,000 LESS THAN WAS BUDGETED FOR, WE DID HAVE SOME UNPLANNED THINGS THAT NEED REPLACING THAT WASN’T BUDGETED FOR. WE HAVE HAD A CHANGE IN EMPLOYEE’S, THREE BOOKKEEPERS SINCE I HAVE BEEN HERE.
IF YOU HAVE NOT HAD THE PLEASURE IN MEETING THESE NEW EMPLOYEE’S, BE SURE YOU COME OVER AND MEET THEM.

QUESTION FROM THE FLOOR,
WIFI, HEADACHE PROBLEMS. WE PLAN TO GO WITH A NEW COMMERICAL WIFI. IF ALL GOES WELL WE SHOULD BE OPERATIONAL IN THREE TO FOUR WEEKS.... IT WILL ACCOMMODATE 400 CONECTIONS AT ONE TIME.

POWER POLES, WILL WE HAVE MORE LIGHTED POWER POLES IN THE PARK, HAVING TO USE A FLASHLITE TO SEE AROUND AT NIGHT.
WHAT IMPROVEMENTS DO YOU PLAN FOR THIS YEAR? KARL WILL BE RESPONDING TO THAT IN HIS COMENTS. QUESTION TO JAMES, HOW DID YOU SAVE ON THE ELECTRICTY? TURNED OFF THE AIR CONDITIONING IN THE ACCOMMODATIONS, WE HAVE STARTED PUTTING IN THE SPRIAL TYPE LIGHT BULB.

JAMES THANKS THE BOARD FOR THEIR TIME AND EFFORTS THAT THEY HAVE PUT IN OVER THE LAST YEAR. A THANK YOU TO CANDY DURBIN AND RUTH UNCAPHER FOR RUNNING FOR ANOTHER TERM. A THANK YOU TO KARL FOR HIS YEAR AS PRESIDENT OF THE BOARD. KARL WAS GIVEN A DESK CLOCK. CANDY AND RUTH WERE GIVEN A GIFT IN APPRECIATION.

KARL THANKED JAMES AND HIS STAFF FOR A GREAT JOB DONE. MANY GOOD IMPROVEMENTS IN THE PARK. ALSO WANT TO THANK NORM FOR THE GOUNDS KEEPING, THEY ARE LOOKING GREAT.

KARL RECOGNIZED BETTY AHLSTROM FOR HER 15 YEARS OF SERVICE, SHE STARTED AT THE SECURITY GATE AND FINISHED UP AS MANAGER. HE RECONIZED SHARON COOLEYFOR HER 6 YEARS OF SERVICE AS BOOKKEEPER. LAST BUT NOT LEAST A WELCOME BACK TO TONI, AFTER A LEAVE OF ABSENCE FROM HAVING BACK SURGERY. THANK YOU FOR YOUR JOB ON DOING THE REGISTRATION OF MEMBERSHIP HERE TODAY. WE HAVE A EMPLOYEE THAT STEPPED FORWARD IN HELPING WITH THE RESEVATIONS SYSTEM. THANK YOU TOM KREFT.

OUR PRESIDENT KARL GAVE A REPORT ON THIS PAST YEAR. THIS WAS THE FIRST TIME THAT THE BOARD HAD A BUDGET OVER ONE (1) MILLION DOLLARS. WE THE BOARD MADE PLANS FOR THIS YEAR. WE HAD A PLANNING SESSION, CHARGING FOR WIFI, WE DIDN’T DO THAT. INCREASE THE SALES OF MEMBERSHIP, MEMBERSHIP WAS RAISED TO $1,195.00, ASSESMENTS FEES DID NOT INCREASE, INCREASED TRANSFERRED FEES OF SALES TO $200.00. ENCOURGED TO HAVE RALLIES, WE KNEW THAT WE WOULD HAVE TO HIRE A NEW MANAGER THIS YEAR. CANDY WORKED ON THIS PROJECT BY TAKING OVER ADVERTIZING. WE HAVE REPLACED ALL THE ACOMMODATIONS NOW. RUTH AND CANDY WORKED ON THIS PROJECT. UPDATED THE WEB SITE, WE REVIEWED ALL THE CC&R’S, RULES AND REGULATIONS, POLICY AND PROCEDURER. THE ONLY CHANGE WAS TO ADOPT THE RVIA STANDARDS AND EXPECTATIONS. WE CHANGED ALL THE BANKING TO ONE BANK, WELL’S FARGO BANK. WE NOW HAVE INTEREST BEARING ACCOUNTS. WE WANTED TO HAVE A RV PARK THAT YOU ALL CAN BE PROUD OF.

WE HAVE HIRED A NEW MANAGER THIS YEAR, OF WHO YOU CAN BE CERTAIN THAT HE IS SAVING US MONEY BY HIS TURNING OFF LIGHTS AND AIR CONDITIONERS. HE IS ALWAYS PICKING UP TRASH WHEN OUT WALKING THE GROUNDS. KARL WANTS TO THANK JAMES AGAIN.
WE NOW HAVE THE ELECTION RESULTS, A TOTAL OF VOTES WERE 450, 9 NEA FOR RUTH, 14 NEA FOR CANDY. IT WAS A MAJORITY VOTE FOR BOTH CANDY AND RUTH RETURNING TO THE BOARD OF DIRECTOR’S FOR THE NEXT THREE YEARS. TOM MADE A MOTION TO ACCEPT THE ELECTION VOTE, SECONDED BY FRANK, MOTION CARRIED.

ANY COMMENTS FROM THE FLOOR, DICK UNCAPHER WANTED TO CHALLAGE THE BOARD TO LOOK INTO ANOTHER SOURCE OF POWER. THE BOARD HAS TALKED ABOUT THIS, THANK YOU DICK. ANNA OSBOURN WANTED TO THANK KARL FOR A JOB WELL DONE, JOE BERLINER SAID IT WAS GREAT TO BE AT A MEETING WITH NO BITCHING, MAYBE THE COFFEE DID IT.
FRANK MADE A MOTION TO ADJOURN, SECONDED BY TOM, MOTION CARRIED.
RESPECTFULLY SUBMITTED, APPROVED AS CORRECTED.
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RUTH UNCAPHER, SECRETARY