FOUR WINDS BEACH RESORT CONDOMINIUM ASSOCIATION INC.

BOARD OF DIRECTORS MEETING

SEPTEMBER 2, 2026

A meeting of the Board of Directors of Four Winds Beach Resort Condominium Association was held on September 2, 2026. Present at the Resort were President Robert Lee, Treasurer Scott Erickson, Directors John Tanner, John Vigliotti, Bobbie Erickson and Resort Manager Kathleen Rhodes.

Present via Zoom were Secretary Chuck Govin and Vice President Kenny Malchus.

President Robert Lee called the meeting to order at 9:58 am EST.

APPROVAL OF THE MINUTES

John Vigliotti made a motion to approve the meeting minutes of May 26, 2026, Bobbie Erickson seconded, and the motion was passed unanimously.

TREASURERS REPORT

Treasurer Scott Erickson reported the Resort is healthy financially. Our CDs continue to do well with good rates. Kathleen Rhodes stated that as the CDs come due that each CD will not exceed $250,000 due to FDIC regulations. Bobbie Erickson made a motion to approve the treasurers report, Chuck Govin seconded and the motion passed unanimously.

BUDGET WORKSHOP

Treasure Scott Erickson presented a proposed 2027 budget for Board approval. The overall budget would have an increase of 4.62%. The maintenance fees will be 4.2% to 4.7%. There will be a payroll increase of 3.5%, as well as a 10% increase in the cleaning contract. It was further reported that taxes were stable due to past surplus, insurance liability projected to rise 10% and FEMA flood insurance anticipate to increase. After much discussion John Vigliotti made a motion for the proposed budget to be approved, John Tanner seconded, and the motion was passed unanimously.

UNFINISHED BUSINESS

Kathleen Rhodes reported as to the status of the shuffleboard court and the tennis and pickleball courts. The shuffleboard court is done and the tennis and pickleball courts just still need the markings to be done. All work is proposed to be completed by the end of September weather permitting.

Kathleen Rhodes also reported the resort has passed all fire department inspections for this year. The new fire alarm system is proposed to be finished by the end of the year.

Kathleen Rhodes also reported that our new housekeeping company, Mermaid Cleaning, is getting outstanding reviews by management and owners.

NEW BUSINESS

John Vigliotti asked for an update regarding pool rules being followed. Kathleen Rhodes reported that things are moving in the right direction.

Chuck Govin informed the Board that with the November elections, he would be remaining on the board, but will no longer put his name forward to be secretary. He did say that he would be available to help the new secretary during a transition period.

ADJOURNMENT

The next meeting of the Border Directors will be on November 4, 2026 following the annual meeting with owners. Scott Erickson motioned to adjourn the meeting and John Tanner seconded and the motion past unanimously.

The meeting was adjourned by President Robert Lee at 10:46 am EST

Respectfully submitted by

Chuck Govin, Secretary