Financial Reports

These monthly reports provide transparency into the financial health of the Summit at South Mountain community, including operating balances, reserve funds, income, expenses, and delinquent assessments.

Latest Financial Summary

The April 2026 Financial Packet has been added below. This packet includes the March 2026 financials, balance sheet, income statements, reserve activity, and delinquency status information.

April 2026 Highlights

Operating cash: $28,650
Reserve funds: $236,228
Total assets: $264,878
March income: $14,948
March expenses: $16,107
Water & sewer: $1,369 over budget for March
Aged owner balances: $71,728
Delinquent assessments: $39,308

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February 2026

Current Operating Fund Balance: $35,421

Current Reserve Fund Balance: $231,619

Total HOA Assets: $267,041

Monthly Income Received: $14,199

Monthly Expenses: $18,365

Delinquent assessments: $67,608 currently outstanding

Notable item: Water & Sewer expenses were $4,167 over budget for the month

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