Calendar of YEARLY Legal Requirements for Community Associations (2015)

1CALENDAR OF YEARLY LEGAL REQUIREMENTS FOR COMMUNITY ASSOCIATIONS (2015)2

Last Day Materials to be distributed and/or tasks to be completed Date completed Annual Budget Report, Civil Code §5300 [30 to 90 days before end of ___/___/___ fiscal year] ___/___/___ ☐ Pro Forma Operation Budget ☐ Summary of Reserves ☐ Summary of Reserve Funding Plan ☐ Statement on Major Component Repair ☐ Levy on one or more Special Assessments ☐ Mechanism for Funding Repairs ☐ Procedures used for Calculation and Establishment of Reserves ☐ Statement regarding Outstanding Loans ☐ Insurance Summary ☐ Assessment and Reserve Funding Disclosure Form (Civil Code §5570) ___/___/___ Annual Review of Financial Statement, Civil Code §5305 [within 120 ___/___/___ days after close of fiscal year]

___/___/___ Annual Policy Statement, Civil Code §5310 [30 to 90 days before end of ___/___/___ fiscal year] ☐ Association’s Representative for Delivery of Official Communications ☐ Statement Regarding Right to Secondary Address ☐ Location for General Notices (if any) ☐ Notice of Option for Individual Delivery of General Notices ☐ Notice of Right to Receive Copies of Meeting Minutes ☐ Assessment Collection Policy/Enforcement Policy ☐ Assessment & Foreclosure Statement ☐ Discipline Policy and Fine Schedule ☐ ADR/IDR Procedures ☐ Policy regarding Physical Changes ☐ Mailing Address for Overnight Payment of Assessments ☐ Any Other Information required by Law or Governing Documents ___/___/___ Information Statements to Secretary of State, Civil Code §5405 Corp ___/___/___ Code §8210 [Every other year on month of incorporation]

___/___/___ File IRS form 1120, 1120A or 1120H, IRS Regulations [15th day of 3rd ___/___/___ month after end of tax year] ___/___/___ File CA Franchise Tax Form 100 and/or Annual Information Form 199, ___/___/___ Compliments of ANGIUS & TERRY LLP © 2014 ANGIUS & TERRY LLP 3001 Lava Ridge Court Suite 130 Roseville, CA 95661 Telephone: (916) 567-1400 Facsimile: (916) 567-1401 For all locations 800 680-4001 e-mail: [email protected] 1990 N. California Blvd. Suite 950 P.O. Box 8077 Walnut Creek, CA 94596 Telephone: (925) 939-9933 Facsimile: (925) 939-9934 Tax & Revenue Codes [15th day of 3rd month after end of tax year (Form 100) or 15th day of 5th month after end of tax year (Form 199)]

___/___/___ Notice to Members of Known Hazardous Materials, Health Safety Code ___/___/___ §25915 [Annually, if required]

Compliments of ANGIUS & TERRY LLP © 2014 ANGIUS & TERRY LLP 3001 Lava Ridge Court Suite 130 Roseville, CA 95661 Telephone: (916) 567-1400 Facsimile: (916) 567-1401 For all locations 800 680-4001 e-mail: [email protected] 1990 N. California Blvd. Suite 950 P.O. Box 8077 Walnut Creek, CA 94596 Telephone: (925) 939-9933 Facsimile: (925) 939-9934