I agree. You should check your bylaws. I can't imagine that it doesn't stipulate you have to have one. Are you on the Board of Directors? The annual meeting is a great opportunity to discus whats going on in the community and provide a year in a review. I did a Power Point for ours. Part of it was dedicated to what was accomplished in the previous year. Even though we communicate via Newsletter all year long, the meeting allows for open discussion and for residents to ask questions about our Capital Improvement Projects that may have not been answered in the newsletters or review certain points for clarity.