Is the Summit Assets Committee hard at work?

The what???

The Summit Assets Committee. From the HOA's website,

"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"

This has to be one of the most important Committees of the HOA.

Not only is there no Chair(man), there are no members.

Why not?

Last year (2021) the HOA had three Treasurers: George Reynolds, who died in April 2021; Paul Hill, who was elected Treasurer after George died and who served as Treasurer until November 30, 2021; and Vernell Butler, who was elected Treasurer at the pre-board meeting on November 30, 2021. The Minutes for the December 7, 2021 reflect that Vernell is Treasurer.

At the November 9, 2021 monthly board meeting Paul Hill reported that "the (Finance) committee is firming up the 2022 budget in the next few days."

It was not until the March 1, 2022 meeting that the budget was finally presented to the board and approved.

A Summit Assets Committee should be appointed by the Board to establish the 2023 Proposed Budget. Substantial work should have been done on this already. The 2023 Budget should probably be approved at the November 1, 2022 board meeting and, certainly, no later than the December 6, 2022 board meeting.

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