HOA money earned $621.19 last year

How did the Summit HOA do with your money last year?

On the 12/31/2022 year-end statement for 12 months, the HOA reports earning interest of $621.19.

That's for the year.

Your HOA is sitting on approximately $2,000,000 in Operating Funds and Reserves. All cash.

You can see the breakdown in the Financial Statements published on the Summit HOA's website. Go to www.summithomeowners.com > Residents > Documents > Financial Operating Results > December 2022

The HOA received interest of 0.00031 (or 0.03%) on its money. NOTE: That is not 3%. It is 3/100 of 1%.

Little Johnny at Rice Creek Elementary could have done better than that!

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