The short answer is you. The homeowners in the Summer Hill Farm neighborhood.
The longer answer is that over three quarters of our money comes from annual homeowner assessments. These were $276 for 2020.
Just over 14% of our money comes from what the accountants call “Capital Contribution.” This is money that is charged people when they buy a home in our neighborhood. They pay it at closing. Now that virtually all of the homes in the neighborhood have been built, we would expect this to come down in time.
And a very small percentage (just over 4%) of our money comes from late fees and interest on money held in the bank. The late fees are from homeowners who don’t pay their assessments by the due date and make up by far the biggest portion of this slice of the pie.
