"Summit Assets" Committee - Well?

Do you know that there is a committee of the HOA called the "Summit Assets" Committee? Sounds pretty important to me...

From the HOA's website is this description of that committee:

 "Mission: This Sub-committee, is responsible for establishing a balanced annual budget, and presenting it to The Summit Community Association, Inc. Board of Directors for approval. The budgeting process considers input from all levels and includes members from the general community.

OPEN, Chair"

If the Chair's position is "open" and there are no members, then how is this Committee functioning? Answer: it's not.

Of what is it a Sub-committee? A likely position for it would be under the Finance Committee. Who should chair it? Not a board member; I can assure you of that. Perhaps a Finance Committee member?

Note that the Sub-committee is to report to the Board, not to the Finance Committee or the Treasurer.

Who are the "members from the general community" who would make logical members of the Summit Assets Committee? People (homeowners) with strong business and financial backgrounds and good accounting knowledge.

I have documented previously the problems with the 2022 Budget that was recommended by Treasurer Vernell Butler on March 1, 2022 and approved unanimously by the Board.

Did no one question "Salaries" of $230,540, when the HOA has NO employees?

Did anyone ask why the budget was "balanced" by removing $54,545 from the budget for Reserves for Replacement Projects?

Did no one ask why portions of two columns could contain exactly the same, unchanged numbers but show Totals that are $6,000 different?

Did anyone ask why the Monthly Financials list Line Item 6005 by one name (On-Site Maintenance) and the 2022 Budget calls it something else (On-Site Management)? Who was responsible for that? Why didn't the Auditor catch that and qualify his audit because of that error? 

If this Sub-Committee IS RESPONSIBLE for establishing a balanced budget, why doesn't it exist (except on paper)?

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