August BOD Meeting - Finance

The August Board of Directors meeting was held on August 2, 2022, and the Minutes were posted today, August 10.

The Treasurer, Vernell Butler, was absent. (His absence was not noted in the Attendance report at the top of the Minutes.) No financial report was given. No explanation was given for the delay in the 2021 Audit's being presented to the Board and the homeowner-Members. (The 2020 Audit was dated May 26, 2021 and presented to the Board at the July 2021 meeting.)

There are several members on the Finance Committee. In addition to the Treasurer, the members (according to the August 2022 Scoop) are Mike Bryant, Auby Dellinger, Mary Ann Game, Billie Jones, and Jeff Lummel.

Why didn't Butler arrange for one of the other members to present a detailed financial report? Something other than "finances are in good shape" (July 2022 Treasurer's report).

Will the Treasurer inform the board and the members at the September meeting what effect the 8% national rate of inflation is having on Summit HOA expenses?

If he doesn't, will Finance Committee members have a recommendation for the Board for avoiding the financial disaster that awaits the HOA?

Every Voting Member, Alternate, and homeowner should attend the September board meeting to hear the Auditor's report.

The next meeting is scheduled for Tuesday, September 6, 6:30PM. Watch for any possible change, since this is the day after Labor Day, and Justin often changes meeting dates that follow holidays. 

Call/email the office on September 1-2 to confirm the meeting date.

Edited: A request was sent to Treasurer Vernell Butler, asking when the Audit will be presented to the Board.

Vernell replied, "I will nit [sic] release any Summit business to you."

If you are a homeowner and want to know when the Audit will be available, email Vernell Butler at vernellbutler88@yahoo.com  Maybe if he gets 2,480 emails, he'll be willing to share information for you in the future.

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