What is the Board's Job?

The job of the Board of Directors is to govern The Summit's HOA in compliance with the CC&Rs, the By-Laws, and the established Guidelines, such as the Procedures Reference Manual.

An important part of that job is to represent and protect the interests of the Members (homeowners) of the Association.

Sometimes, it might be necessary to step on someone's toes; e.g., the toes of current or past board  members.

If that is necessary to protect the interests of the Members, then the Board must do it.

When Association funds have been mishandled, somebody must be held accountable. Money can be moved out of Reserves only for specific, authorized purposes. Too much money has been moved around without the required paper trail (Minutes and Resolutions) for withdrawals and purpose!!!

Where did $445,000 go from Reserves between 1/31/25 and 1/31/26? Why haven't Financial Operating Results been posted on the HOA's website since August 2025?

The HOA spent $25,-$30,000 from December 2024 to January 2026 on an illegally-filed lawsuit against Gus Philpott (me). "Illegally-filed", because the Board never approved it. It was also prohibited by the CC&Rs. Payments of legal fees were illegal disbursements by the HOA, because the litigation was never approved. The HOA should sue Danny Trapp to recover those funds. Who was the Treasurer at that time? Why did he allow those payments? Why did CAMS pay those bills? Why did Town & Country continue to pay those bills, after it took over management in October 2025?

In the fall of 2024 the HOA bought an annuity for $126,352 and cashed in a CD that was in Reserves. The HOA has never reported the termination of that CD, the purchase of the annuity, or what the true monthly value is; it is well below the purchase price. Monthly financial statements call the value  "unreconciled". That's deceit and false reporting! Who were the Board President and Directors at that time? (Look up names in past issues of the Summit Scoop on the HOA's website.)

Who sticks up for the Members? Not the Board. Not the Voting Members. Not the management company. Who?

Last year's auditor (a North Carolina CPA) did a pretty good job on the 2024 Annual Audit. He revealed the annuity and some of the details, but not all of them. He did not name the Annuitant (a current board member) or the name of the company that issued the annuity. Who will be conducting the 2025 Annual Audit? The auditor should have been selected long before now. Board Minutes don't report any selection.

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