1. The Summit @ Lake Norman
2017 Mid Year POA Status Meeting

2. Agenda Financials – YTD Capital Improvement – Status
Maintenance Project/s - Status
YE Calendar requirements
Concerns

3. YTD Financial Status

5. Delinquent Dues Next steps to reduce ….... ???????
October 2016 … $16.3 K
March 2017 … $11.1 K
Next steps to reduce ….... ???????

6. Future Disposable Cash
Operating Cash … $44.3K
Less budget … $18.0K
Less 2017 Phase 4 Res … $ 9.6K
Disposable Cash … $16.7K
Less 2017 projects … $????
Less 2018 Capital improvements $????

7. 2017 Capital Improvement
Park … Concrete Picnic tables … Status: In Progress
Responsibility: Landscape Committee
Budget …. $2.9K
5 sets (3 round, 2 rectangular) …... $1.4K … Status: awaiting installation
Bases … $1.5K … Status: self perform/awaiting installation

8. 2017 Maintenance Projects Budget ….. $5 K
Responsibility: Landscape Committee
Pine Needles … $1.1K … Status: Completed
Potential:
Park … Shoreline restoration … Status: Preliminary stage
Survey … In Progress
SOW required
Estimate required … preliminary: Rip/Rap is $300/foot
Target Date: ??? or by year end
Park … Road slope restoration … Status: Preliminary stage
Solutions ?????
Estimate required

9. 2017 YE Remaining Calendar Fiscal Year ….. Oct. thru Sep. July
Landscape/Architectural Committee
2018 Potential Projects/Capital Improvements
Estimated costs
2018 Budget
October
YE HOA/POA annual meeting

10. Concerns
Current …
Future …