About Fines in The Summit's HOA

Do you bother to inspect the Budget when it is proposed for the following year? Do you ever examine the monthly financial reports of the HOA?

How much do you think the HOA will collect in fines this year?

How much do you think the HOA collected in Fines last year?

The Line in the Budget that you'll want to look at is Line 4600 Fines - Violations.

Sitting down?

In 2024 the HOA collected $57,446.91 in Fines. The amount budgeted in 2024 was $20,000.

In 2025 the HOA expects to collect $50,000.

As of June 30, 2025 the HOA has collected $38,670. At this pace the HOA will collect $77,340 in the full year, or $27,340 (55%) more than estimated in the Budget. Why are fines running so high?

Should the Board just grin and rub their hands together in glee, or should the Board create an ad hoc Committee to examine the Fines category and determine what can be done to reduce the penalties on its Members?

If you were the Board President, what would you do? Just smile and spend the money, or investigate how you could better serve the Members?

Read this article about a new law in California that limits fines in HOAs to $100 per violation. Imagine that. In California. Will wonders never cease?

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