The Ripples: December 2023

The official magazine of The Lakewood Community

December 2023

Christmas time is here!

From the LPOA Finance Committee | 2024 Budget Summary 2024 Parcel & User Fees | 3rd Quarter 2023 Financials | 2024 Dues

Lakewood PROPERTY OWNERS ASSOCIATION

LPOA Committee Chairpersons ADMINISTRATIVE COMMITTEES ARB/ARC // Judy Alyea Appeals // Steve White Election // Barb Burns Executive // Jon Snow Lakeshore Townhomes // Sheri Hartman & Jerry Baxter Lakeshore Condos // Kevin Wiley Lakewood Bay // Chris Farrell The Landings // Doug Allen Water’s Edge // Kevin Ingram

ADVISORY COMMITTEES Activities // Meg Young

Facilities Development // Emmett McClintock Finance // Dave Stackelhouse Food & Beverage // Jahala Kinser Insurance // Unfilled Lake Use // Scott Lankford

Association Staff ADMINISTRATIVE

General Manager Mark Reid // Mark@lpoa.com Accounting Supervisor Machelle Seiler // Mac@lpoa.com Staff Assistant Sherry McNamara // Sherry@lpoa.com Administrative Assistant Nichole Melvin // Nichole@lpoa.com Membership Accounting Cari Brown // Cari@lpoa.com Receptionist Sharri Goodman // Reception@lpoa.com

COMMUNITY SERVICE

Dir. of Comm. Relations Sean Bachtel // Sean@lpoa.com Compliance Officer, Department Supervisor

Tim Martineau // tim@lpoa.com Community Services Reception Ann Bellinghausen // ann@lpoa.com

Board Members BOARD OF DIRECTORS Officers President Debbie Stalnaker (At Large)

Liaison to Facilities Development Committee EMAIL debbie.stalnaker@lpoa.com Vice-President Jon Snow (West Lake)

Liaison to Activities Committee EMAIL jon.snow@lpoa.com

Treasurer Tom Maloney (East Lake)

Liaison to Finance Committee EMAIL tom.maloney@lpoa.com

Secretary Larry Fields (At Large)

Liaison to Insurance Committee EMAIL larry.fields@lpoa.com

Directors Kim Curran (At Large)

Liaison to Food & Beverage and Golf Committees EMAIL kim.curran@lpoa.com Andrew Crocker (At Large)

Liaison to Appeals Committee EMAIL andrew.crocker@lpoa.com Open (Multi Family)

Liaison to Multi-family Parcels EMAIL joseph.pec@lpoa.com Dave Petet (At Large)

Liaison to Lake Use Committee EMAIL dave.petet@lpoa.com Rob Regier (At Large)

Liaison to ARB/ARC Committee EMAIL rob.regier@lpoa.com

COMMUNICATIONS Art & Communication Director

Cariann Dureka // Cariann@lpoa.com

FOOD & BEVERAGE

Chef Eber Altamirano // Chef@logc.org Argyle // 816-541-2452

MAINTENANCE

Maintenance Manager John Thomas // Jthomas@lpoa.com

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The Ripples // December 2023

LPOA Office 651 NE St. Andrews Circle, Lee’s Summit, MO 64064 Monday through Friday - 8:30 a.m. to 5:00 p.m.

PHONE 816-373-4326 COMMUNITY SERVICES 816-373-1500 WEBSITE www.LPOA.com

December From the General Manager, Mark Reid

As 2023 comes to a close this month we have a lot of big things to reflect on. The Association’s 50th anniversary gave us a look back at where the HOA began, what goals and vision for the future were set for the resident body, and gave us a better idea of the amount of change and growth Lakewood has undergone in those 50 years. The Communications Plan was initiated to bolster our staff-resident communication pathways, and our budget for 2024 has been finalized and can be viewed in this month’s newsletter.

We are looking forward to closing out this challenging year with the offices, lobby and balance of 1st floor, open, organized and impressive for our members and their guests. It’s been a long project, but the final results are well worth the wait.

Let’s all generate lots of positive energy into our Lakewood universe this holiday season and see what a wonderful difference it makes.

From all of us at LPOA and the Lakewood Oaks Country Club, we wish you a joyous holiday season and a prosperous and happy new year.

In This Issue 3 From the General Manager 4 From the Boardroom 4 Board Meeting Minutes 6 Calendar of Events 8 Welcome New Residents 10 Celebrating Nature at its Best 15 Financials 16 Budget Summary 17 Parcel & User Fees 18 LIP 18 Maximum & Actual Assessment 19 3rd Quarter 2023 Financials 20 Clubs 21 Resource Directory 22 Maintenance Update 22 Community Service Report

From the Boardroom

Debbie Stalnaker, Board President

LPOA/LHC BOARD MEETINGS

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The Ripples // December 2023

Board of Directors’ Meeting Actions taken November 9, 2023

December is a season for gratitude as it offers us the perfect opportunity to reflect on the year’s blessings and appreciate the generosity that comes with the holiday season. I’d like to express my heartfelt gratitude to our dedicated LPOA/ LHC staff and volunteers who work tirelessly to enhance our community. Your hard work and commitment are truly appreciated, and you make our community a better place for all of us.

Thank you for your outstanding efforts.

The Lakewood Board of Directors wishes you a safe and happy holiday season.

Lakewood Property Owners Association

Approved

• License and Easement Agreement for Existing Encroachment of Retaining Wall on LPOA Property behind 501 NE Lake Pointe Circle • Maximum Annual Assessment for 2024 at $2,255.67 for Single Family and $1,804.53 for Multi-Family • Actual Annual Assessment for 2024 at a 3.7% Increase $2,232.70 for Single Family and $1,786.16 for Multi-Family • 2024 Operating Budget • 2024 Lakewood Improvements Program (L.I.P) Budget • Appointment of Ad Hoc Security Committee • Appointment of Nominating Committee to fill vacant Board seat • Enclave Parcel Maintenance and Group Services Fee’s for 2024

Tabled

• Clubhouse Repair Update -Auto Owners Insurance • Lakewood Bay Trash Collection Facility Update • Shores Villas Covenant Amendment • LIP Clubhouse Deck Replacement • LPOA Lease Renewal for Clubhouse

December 14 | January 11 | February 8 Meetings take place at 6:30 p.m. at The Lakewood Oaks Clubhouse.

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Lakewood Calendar of Events

DECEMBER

JANUARY

FEBRUARY

8 Lighted Santa Parade 9 Pictures with Santa 14 LPOA & LHC Board Meeting

1 New Year’s (office closed) 2 Executive Committee Meeting 11 LPOA & LHC Board Meeting 12 Lakewood Oaks Parcel Meeting

8 LPOA & LHC Board Meeting 9 Lakewood Oaks Parcel Meeting 19 Finance Meeting 22 Food & Beverage Committee

All Committee Meetings are open for the first 15 minutes for Resident comments with the exception of Appeals Committee. Following the 15 minute window, it is up to the discretion of the Committee Chairperson to allow Residents to sit in on the meeting.

Clubhouse Construction Update Our offices have now moved back! Repairs and renovations have completed in the old office space. If in doubt of where staff can be located, call us at 816-373-4326, and we can inform you.

KIM CONNECTS HOME TEAM DEC 1 - JAN 1 • Sea of Lights - SEA LIFE Kansas City DEC 1 - JAN 1 • Holiday Bricktacular - Legoland Discovery Center DEC 1 - 24 • Santa's Gingerbread Station - Crown Center DEC 1 - 24 THU - SUN • Kansas City Ballet "The Nutcracker" - Kauffman Center DEC 1 - 24 WED - SUN • A Christmas Carol - Kansas City Repertory Theatre DEC 8 & 9 • The Muppet Christmas Carol in Concert - Kauffman Center DEC 9 • Farmers Market Holiday Mart - Downtown Lee’s Summit DEC 16 • Hearthside Christmas Story Time - John Wornall House Museum DEC 16 • Lee’s Summit Symphony - Holiday Radio Show - The Pavilion at John Knox Village

MAKE SOLD SIMPLE.

KIM GLASER Real Estate Advisor | CEO CRS, MSA, MLHMI

Your Lakewood Neighbor & Realtor of Choice

6

KimConnectsKC.com The Ripples // December 2023

(816) 282-4461

Kim@KimConnectsKC.com

Remodel, rebuild and renew with Four Sons Construction.

We specialize in kitchen, basement and bathroom renovation.

We’re a third-generation family business with deep roots in the Lee’s Summit area.

Our reputation lives in your home, so we don’t cut corners. We’re committed to superior construction, even if it takes a little more time.

Welcome New Lakewood Residents

Carol McLaughlin

4017 NE Sagamore Drive Raymond & Keri Murray

293 NE Bayview Drive Eric & Alisha Mach

4000 NW Cimarron

Work Request Form Notice We have available a work request form to address common grounds issues or repairs. These forms help our maintenance team address issues in a timely manner and keep track of them for future resident inquiries. To report a maintenance issue, please call the Community Services Office at 816-373-4343 or email Ann at ann@lpoa.com for Staff to write a Work Request on your behalf, or download by going to lpoa.com/maintenance and clicking “Work Request Form”. We appreciate your understanding and cooperation!

If you have not been receiving our weekly Eblasts to your inbox, and would like to, visit our website at lpoa.com and at the bottom of the Contact page, click “Subscribe” and enter your email. E-Blasts, which are sent out every Monday and as needed, contain all the need-to-know Lakewood Info and upcoming events.”

123 2024

123 2024

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The Ripples // December 2023

123 2024

YOUR FINANCIAL PARTNER FINANCIAL PLANNING • PORTFOLIO MANAGEMENT • STRATEGIC ADVICE

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All rates quoted as Annual Percentage Yield (APY) effective November 20, 2023. CDs are FDIC insured up to $250,000 per depository institution, for each depositor and account ownership category. Subject to availability and price change. CDs are subject to interest rate risk such that when prevailing interest rates change, the market value may fluctuate until held to maturity. $1,000 minimum investment per CD. StrongBox Wealth, LLC is a registered investment adviser. Investing involves risk and possible loss of principal. No advice may be rendered by StrongBox Wealth, LLC unless a client service agreement is in place.

Want to "Go Green"?

The Ripples

If you would like to stop receiving the Ripples

by US Mail and would like to access it online (www.lpoa.com), simply email Cariann at cariann@lpoa.com.

Statements

If you would like to stop receiving statements

by US Mail, please contact Cari at cari@lpoa. com or access the “Going Green” form on our website at www.lpoa.com. Please be advised that our current accounting system does not have online access, so by not receiving a statement you will not be notified if you charge any additional items to your account (ie. Snack bar and Argyle meals, boat stickers, boat rentals, etc).

ARB/ARC Information ARB/ARC deadlines are the 1st and 3rd Monday of every month. The meetings are the 2nd and 4th Tuesday at 6:00 pm. All meetings will take place at the Community Service Office, 735 NE Lakewood Blvd.

Digital Ripples

Do you receive The Ripples both in print and digitally? Please help us save money and trees by letting us know to remove you from the printed copy. Simply email cariann@lpoa.com.

Home Watch The Lee’s Summit Police Department offers a House Watch to be used when you are out of town. If you wish to be added to their House Watch List, please contact LSPD at 816-969-1700. Don’t forget to contact the LPOA Office at 816-373-4326 so they can notify Community Services to keep an extra eye on your property as well.

Lakewood Property Owners Association // Serving Our Members Since 1973

11

LAKEWOOD GARDEN CLUB

CELEBRATING NATURE AT ITS BEST Article written by Barb Burns in collaboration with LGC

Fall brought fun ghosts, pumpkins, and turkeys to Lakewood. And as Christmas approaches, we are enjoying holiday lights, wreaths, bows, and trees. We decorate the walls of our homes and businesses with lovely paintings and photographs, and our favorite knick-knacks adorn our tables and shelves.

Art turns ordinary places into extraordinary points of focus.

Why bother? Because art draws us in, connects us to family, nature, and favorite memories. Art turns ordinary places into extraordinary points of focus.

We all enjoy the WOW! that artwork brings us.

Lakewood is, by all measures, a lovely community.

Golfers and non-golfers alike savor the undulating grassy berms of our beautiful golf course. Our lakes reflect the colors of the sky and provide a peaceful escape from the craziness of the world. Neighbors take

12

The Ripples // December 2023

pride in maintaining and landscaping their properties.

In 2008, Lakewood Garden Club members decided to help bring Lakewood an extra pop of “WOW!” And with LPOA support, the Lakewood Garden Club Beautification Committee was formed. Their goal was to bring outdoor art to Lakewood. For over fifteen years, these garden club volunteers have annually organized successful fundraisers, selected and worked with nationally-recognized artists, and worked cooperatively with LPOA staff to plant and maintain landscaping to frame each sculpture.

Fast forward to today. Members and visitors alike are taken by the striking wind sculptures and life-size bronze creations located in the median on Lakewood Blvd and near the marinas. Each installation enhances Lakewood’s overall design plan to appreciate nature at its best.

Few people, however, stop to think about the time, work, expense, and volunteer commitment it took to make Lakewood’s community art a reality. Our

outdoor art collection and enhanced landscaping and lighting have been an exemplary example of community engagement, cooperation, and support. Thanks to all who organized and supported LGC fundraising events, including the annual pontoon tours, Black Dress & Bling galas, and the Snazzy Jazzy party. And a big thumbs up to club members who continue to maintain the landscaping around the art installations.

A special thanks to Mark Reid and his engineering and maintenance staff for sharing their time and expertise.

The art collection did not happen overnight.

Following is a timeline of the seven installations: 2002 ~ San Antonio artist Bob Guerlich created the bronze sculpture of two Great Blue Herons, called, Dawn Sentinels, which sits proudly near the East Lake marina. His work can be seen at the KC Zoo, Notre Dame University campus, and Mayo Clinic Foundation in Rochester, MN. Our original artwork cost $16,000, plus landscaping by LPOA. By 2008, the installation was valued at $31,000.

2010 ~ Touching Earth, a large bronze female eagle, also sculpted by Bob Guerlich, takes flight from the West Lake Marina. Standing 6’8” with a wing span of 8 feet and weighing 575 lbs, Touching Earth cost $25,000.

It is now valued at over $50,000.

2013 ~ Helix Sail, Double Spinner, and Twisted Oval are original wind sculptures designed for Lakewood by artist Lyman Whitaker. These eye-catchers are located at the West Lake Rock. Garden Club gifted Lakewood with this $13,800 kinetic art installation.

2014 ~ Two additional wind sculptures extended the wind forest on the Rock when Double Dancer was installed. Garden Club paid for and continues to maintain the landscaping, designed by Rose Hill Nursery in 2016.

2019 ~ Located in the median on Lakewood Blvd and Fairway Homes, Majestic Encounter, a 7-foot, 10-point buck, again by artist Bob Guerlich, welcomes residents and visitors to Lakewood. Garden Club’s fundraising events gifted the $25,000 exquisite sculpture to Lakewood. In 2020, Natural Serenity—a 6-ft doe and 5-ft yearling—joined Majestic Encounter. This installation was funded by generous donations from club members and residents of Lakewood, and LPOA provided lighting and the donor plaque. As always, ‘better together.’

Stay tuned as this energetic club continues to learn about and implement ways to enhance and preserve Lakewood’s environment, sustainability, and natural beauty.

Lakewood Property Owners Association // Serving Our Members Since 1973

13

Merry Christmas and a very Happy New Year!

LAKEWOOD FINANCE AND FACILITIES DEVELOPMENT COMMITTEES

Lakewood Property Owners Association 2024 Budget From David Stackelhouse, Finance Committee The budget process for Lakewood begins midsummer with the issuance of a timetable for all major planning activities necessary to get both the 2024 Operating Budget and 2024 Lakewood Improvement Program (LIP). The process requires that both Plans be worked on simultaneously, with the 2024 Operating Budget surplus providing revenue for the LIP activity 2024. Both committees meet as needed in the fall and then on Monday October 16th both committees met to approve a joint Budget first and then to present the 2024 Operating Budget and 2024 Lakewood Improvement Program. At the conclusion of the October 16th meeting, the Lakewood Board of Directors was invited in to review the two Budgets, ask questions, and provide guidance.

Following the meeting of October 16th, necessary changes and updates were made if any, and the Budget material was presented in a Lakewood public meeting held on November 2nd at the Oaks Clubhouse at 7:00 PM. The guiding principle of the planning work done this year was like that of last year, to protect Lakewood both present and future.

Over the past several years Lakewood has made many improvements greatly enhancing our amenities both on the water and off, and

in the process incurred bank debt written for a five-year period, has a yearend 2023 balance of $1.86 million. The bank note has a very favorable interest rate of 3.65% but is due on May 1, 2025. The Budget calls for paying an addition $500 thousand over the normal amortization payment of $332 thousand, leaving the note balance at the end of 2024 of about $1.0 million. If Lakewood needs to renew any portion of this note, the interest rate will almost assuredly be 7 to 8 percent or higher.

To meet the additional principal payment of $500 thousand in 2024, all spending has been reviewed and improvements have been deferred that do not affect safety and normal amenities. Starting in 2015, Lakewood began the process of setting a certain amount of Reserve money to protect, maintain and if needed, replace amenities and key structures.

The 2024 Budget maintains the appropriate required reserves.

The 2024 Operating Budget as approved by the Board on November 9th has dues increase of 3.7%, or an increase of $6.64 per month.

This increase will allow Lakewood to maintain the operations of Lakewood as expected and continue the process of paying additional debt principal.

Lakewood Property Owners Association // Serving Our Members Since 1973

15

Budget Summary 2024 2023 BUDGET SUMMARY Act ual 2020

Act ual 2021

Budget 2022

Act ual 2022

Budget 2023

Act ual ' 23 6 mont hs

Budget 2024

3,987,977 171,912 175 520,575 29,128 151,227 21,890 4,378 61,509 434,963 47,318 60,807 5,491,857

4,082,878 176,242 500 772,854 38,421 131,845 36,260 16,325 65,758 478,906 58,330 41,632 5,899,952

4,442,420 157,500 0 762,750 41,075 124,260 33,000 3,500 62,600 473,669 57,900 40,000 6,198,674

4,425,922 170,329 700 785,964 39,105 139,498 34,590 246 62,487 486,162 55,480 48,014 6,248,499

5,009,372 155,496 0 785,700 40,575 122,260 34,500 3,500 62,000 473,669 62,900 22,400 6,772,372

2,504,264 248,027 0 395,541 16,993 57,046 4,459 375 5,090 237,544 29,696 12,312 3,511,349

5,212,146 270,124 0 793,000 38,110 110,400 16,000 3,500 62,500 491,792 60,350 50,000 7,107,922

1,354,635 107,322 767,247 27,046 482,221 369,688 915,223 92,778 139,846 75,924 24,021

1,379,989 115,811 965,992 43,022 518,092 396,407 1,033,666 169,719 152,937 101,333 20,301

1,516,155 119,893 987,983 46,331 618,398 410,428 1,090,401 102,352 152,528 120,732 22,391

1,522,555 118,289 960,997 45,501 602,909 419,913 1,085,110 290,327 194,239 128,339 22,577

1,594,851 125,247 1,005,789 46,385 606,721 430,577 1,340,582 127,164 201,684 133,206 24,214

792,193 53,066 526,180 16,344 275,790 206,714 634,722 67,687 103,863 70,671 10,555

1,723,145 142,943 992,271 46,452 598,889 441,334 1,401,121 157,430 200,097 144,013 26,206

4,355,950 1,135,907 509,203 1,645,110 (31,644) 945,426

4,897,268 1,002,684 557,647 1,560,331 5,453 959,179

5,187,592 1,011,082 547,483 1,558,565

5,636,420 1,135,952 637,948 1,773,900

2,757,787 753,562 330,858 1,084,420 2,391 458,964

5,873,901 1,234,021 648,916 1,882,937

1,250,044

5,390,757 857,741 624,839 1,482,580 1,375 1,202,946

397,892

301,086

308,521

312,661

320,134

333,436

294,613

0

(34,402)

0

623,065

(27,371)

Rev enue

Monthly Dues Administration Clubhouse Restaurant/Lounge Snack Bar Community Services Pools Maintenance Lake Management Marinas Communications Rental Boats Tot al s E xpens es

Administration Clubhouse Restaurant/Lounge Snack Bar Community Services Pools Maintenance Lake Management Marina Communications Pontoon Rental

Tot al s N et Income

Cash from Depreciation* Tot al Funds Av ai l abl e Gain/Loss on disposal of assets

Capital Improvements Program 2020 Loan Prgm 2020/Marina Loan Repymt

S ur pl us /( D ef i ci t ) * *

1,453,766

1,910,308

* Depreciation costs are included in the budget amounts for most expense categories. To give actual operating expenses, the sum of the separate depreciations is added to become part of the total income available. ** 2024 Deficit is un-allocated a/o 11/9/23

16

The Ripples // December 2023

2024 Parcel & User Fees 2024 Parcel Fees

As recommended by Parcel Committees

(Monthly)

Board Approved 10/12/23 & 11/9/23

2023

(plus ins if applicable

Lakewood Bay Lakeshore Townhomes Lakeshore Condos The Landings Water's Edge Lakewood Oaks Lakewood Shores Lakewood Shores Villas Lakewood Forest Birkdale The Orchards Lakewood Pointe Villas Southpointe The Villas (Cottages) Lake Point e The Falls at Lakewood The Enclave Chapel Ridge - Greens Chapel Ridge - Woods (Phase 1) Chapel Ridge - Woods (Phase 2)

2024

(plus ins if applicable

$157.80 $52.02 $58.00 $184.22 $153.02 $22.35 $33.38 $118.38 $5.05 $20.20 $0.00 $39.32 $24.50 $115.00 $10.10 $191.48 $82.50 $120.00 $217.65 $161.52

$166.03 $52.02 $58.00 $184.22 $153.02 $22.35 $33.38 $128.38 $5.05 $0.00 $0.00 $39.32 $24.50 $115.00 $10.10 $191.48 $95.00 $120.00 $267.65 $161.52

Change $8.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00 $0.00 -$20.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.50 $0.00 $50.00 $0.00

2024 User Fees

Board Approved 10/12/23

Boat Slip (Covered) Boat Slip (Uncovered) Storage Lot (6 Months) Storage Lot (12 Months) Boat Racks Boat Registration (Non Motorized) Boat Registration (Motorized) Boat Registration (Light watercraft) Boat Stickers Installed by Staff Boat Sticker Late Fee for current owners (After May 1st) Lake Water Irrigation New Member Admin Fee New Member Recreational Amenity Fee (Single Family) New Member Recreational Amenity Fee (Multifamily and Fairway Homes Class C) Pool Guest Pass (Per Day) Temporary ID Card (30 Day ID) Gasoline - 1 gallon Pontoon Boat Rental (Per Hour): Weekdays Friday-Sunday Holiday All Day Rental (Excludes Friday-Sunday & Holiday)

$ $ $ $ $ $ $ $ $ $ $ $

2023

2024 Average Insurance/unit

5.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.20% 0.00% 23.00% 0.00%

$117.00 $193.00 n/a $209.00 $293.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a $169.00 $169.00

Rounded UP to nearest $.50

2024

1,368.50 1,000.00 350.00 600.00 58.00 37.00 93.00 5.50 25.00 9.00 206.50 242.00

Change

1,326.00 969.00 300.00 600.00 56.00 35.50 90.00 5.00 21.50 8.50 200.00 234.50

$ $ $ $ $ $ $ $ $ $ $ $

3.21% 3.20% 16.67% 0.00% 3.57% 4.23% 3.33% 10.00% 16.28% 5.88% 3.25% 3.20%

$

294.00

$

303.50

3.23%

$ $ $ $

235.50 3.00 51.00 25.00

$ $ $ $

243.50 3.50 53.00 26.00

3.40% 16.67% 3.92% 4.00%

$ $ $ $

27.50 48.50 60.00 188.00

$ $ $ $

28.50 50.50 62.00 194.00

3.64% 4.12% 3.33% 3.19%

Lakewood Property Owners Association // Serving Our Members Since 1973

17

2024 LIP 2024 Reserve Contributions From Dues: $884,068

2024 RESERVE CONTRIBUTIONS FROM DUES $884,068

Desiltation: $49,673 $56,400 General Reserve Fund: $353,382 Maintenance: $58,050 Recreation: $141,651 $85,000 Clubhouse: $63,200 Swimming Pools: $81,762 $63,200 Community Services: $5,000 Lake Mgmt/Erosion: $115,000 Marinas: $48,000

2024 MAXIMUM ANNUAL ASSESSMENT

$48,000

$48,000

$81,762

$49,673

In accordance with the

$141,651

stipulations set out in documents

$5,000

governing the LPOA, the Board of Directors each year must approve a “Maximum Annual Assessment”, prior to approving

$353,382

the “Actual Annual Assessment”.

Following those guidelines, at their November 9, 2023 meeting, the Board voted to set the

DESILTATION $49,673 GENERAL RESERVE FUND $353,382 MAINTENANCE $58,050 2024 Expenditures From Dues: $1,120,668

RECREATION $141,651 2024 EXPENDITURES FROM DUES

COMMUNITY SERVICES $5,000

$1,120,668 CLUBHOUSE $63,200

LAKE MGMT / EROSION $115,000

SWIMMING POOLS $81,762

MARINAS $48,000

$42,150

single family home and 80% $71,128

of that amount or $1,804.53 annually ($150.38 per month)

$212,300

for multi-family units.

$22,800

2024 ACTUAL ANNUAL ASSESSMENT In accordance with the

$346,000

stipulations set out in documents governing the LPOA, the Board RECREATION $212,300

COMMUNITY SERVICES $22,800

CLUBHOUSE $31,500

ADMINISTRATION $42,800

CLUBS $0

LAKE MGMT / EROSION $30,000

MAINTENANCE $115,530

SWIMMING POOLS $65,660

MARINAS $0

PARCELS $0

FOOD AND BEVERAGE $16,592

OTHER REQUESTS $12,400

UNALLOCATED $71,128

2024 EXPENDITURES FROM RESERVES 2024 Expenditures From Reserves: $1,107,585

$1,107,585

18

for 2024 at $2,255.67 annually ($187.97 per month), for a basic

$12,500

Desiltation: $0 $65,660 General Improvements: $346,000 Clubs: $0 $115,530 Swimming Pools: $65,660 Food & Beverage: $16,592 $30,000 Recreation: $212,300 Clubhouse: $31,500 $31,500 Lake Mgmt/Erosion: $30,000 Marinas: $0 $42,800 Other Requests: $12,400 Community Services: $22,800 Administration: $42,800 Maintenance: $115,530 DESILTATION $0 Unallocated: $71,128 GENERAL IMPROVEMENTS $346,000

Desiltation: $121,800 General Improvements: $570,134 Clubs: $0 Swimming Pools: $0 Food & Beverage: $0 Recreation: $186,551 Clubhouse: $0 Lake Mgmt/Erosion: $114,500 Marinas: $0 Other Requests: $0 Community Services: $25,000 Administration: $0 Maintenance: $199,411 Parcels: $0

Maximum Annual Assessment

must set the “Actual Annual Assessment” after they have set the “Maximum Annual Assessment”. At their regular meeting on November 9, 2023 the LPOA Board of Directors voted to set the “Actual Annual Assessment” for 2024 at $2,237.72 annually ($186.06 per

$204,000

$-

$186,651

month) for single family homes and 80% of that amount or $1,786.16 annually ($148.85 per month) for multi-family units.

This dues increase will be effective January 1, 2024.

$570,134

DESILTATION $121,800

RECREATION $186,551

COMMUNITY SERVICES $25,000

GENERAL IMPROVEMENTS $570,134

CLUBHOUSE $0

ADMINISTRATION $0

CLUBS $0

LAKE MGMT / EROSION $114,500

MAINTENANCE $199,411

SWIMMING POOLS $0

MARINAS $0

PARCELS $0

FOOD AND BEVERAGE $0

OTHER REQUESTS $0

The Ripples // December 2023

3rd Quarter 2023 Financials

Notes: 1. The LPOA Association is in a controlled group with LHC for purposes of the IRS code and is the only equity member of LHC. The two organizations share a Board of Directors.

2. Revenue is above Budget and YTD 2022.

Above Budget becuase of strong golf activity, below 2022 because of dicontinued LPOA mowing revenue totaling $170YTD. 3. Operating Expenses are below Budget but higher than 2022.

Favorable to Budget due to lower lease expense.

4. Net Income is better than Budget but below 2022. Income is below 2022 due primarily to dicontinued mowing contract.

LAKEWOOD PROPERTY OWNERS ASSOCIATION Financial Statements with Affiliated Parcels 9/30/23 Balance Sheet

Total Cash/Short term securities Total Inventory Total Accts Receivables Net of Allow Total Land, Building & Equip Net of Dep Total Prepaid Expenses Total LHC Notes Receivable Total Assets

$

Payables Other Liabilities Central Bank Loan Line of Credit w/ Central Bank Total Members' Equity Total Liabilities & Equity

12/31/22 Dec Audited

2023 Sept

4,597,023 38,910 276,004 11,451,056 565,486 963,116 17,891,594

$

508,937 368,927 2,567,127 14,446,603 17,891,594

5,794,134 38,293 449,132 11,499,005 171,300 963,116 18,914,980

YTD Cash Chg.

$

Comments

1,197,111 617 (173,128) (47,949) 394,186 -

645,639 202,474 2,324,960 15,741,907 18,914,980

136,702 (166,453) (242,167) 1,295,304

2023 Q-3 Actual

2023 Q-3 Budget

Cash Strong, LPOA cash total is $4,589K

Spndg on Maint Equip, Swim Docks & Plygrnd Equip Total capital YTD $541K

Deferred income -- prepaid boat slips Loan paydown. Loan due May, 2025

(0)

Statement of Revenue and Expenses Total Revenue Total Expenses Revenue Over (Under) Expenses

$

Parcel Net Revenue Rev. Over (Under) Exp. Excldg Parcels

1

6,001,558 4,706,254 1,295,304 216,643 1,078,661

$

4,928,980 4,149,943 779,037 779,037

B/(W) Budget

$

1,072,578 (556,311) 516,267

Notes: 1. Net Revenue is favorable to Budget primarily due to Expense control and added Investment and Insurance Revenue

(216,643) 299,624

Revenue And Expenses Comments Notes:

-

1 Net Revenue is favorable to Budget primarily due to Expense control and added Investment and Insurance Revenue

Lakewood Property Owners Association // Serving Our Members Since 1973

19

Lakewood Clubs Bass Fishing Club

Lakewood Lakes Bass Fishing Club: Join our Facebook group or contact our president, Walter Hammond, at waltfish13@gmail.com or 816-699-1091 to get involved!

Bridge Club

If you have an interest in playing in a bridge card group either regularly or on an occasional basis as a substitute, please email Joe Casebolt using the email address jecase@comcast.net.

Garden Club

No Garden Club Meeting.

Ladies Club 50+ No meeting in December!

Moms Club

New to Lakewood or lived here for years? Lakewood Moms Club is the way to connect with our amazing community. We have events for moms, kids and families. There is always something happening.

Come join the fun!

Membership information: lakewoodmomsclub64064@gmail.com Want to hear quickly from someone? Text Alexandra Davison at 314-368-0957.

Pilates Club

Pilates has returned to the Augusta Room for meetings.

Tuesdays 5:30 - 6:30 p.m. Barre Pilates/mat Pilates Wednesdays 8:00 - 9:00 a.m. Barre Pilates/mat Pilates Barre class size and space is limited because we use chairs for stability which take up a lot of room so check with Cathy prior to attending to confirm availability. While Barre requires reservations, spots are often open but please first check by calling or texting 816-305-0632 or email lakewoodpilatesclub3@gmail.com. Friday PIYO does not use chairs and is walk in. For all classes multiple modifications are cued so everybody from beginners to advanced benefit. Signed waivers are required prior to attending first session.

Sail & Paddle Club

The Lakewood Sail & Paddle Club is celebrating its 21st year of providing “On The Water” access for Lakewood residents.

Family – $75/yr includes personal use for your family and your guests with you.

Single – $50/yr includes personal use for you and your guest with you Contact Steve Bertken at SailLakewood@gmail.com to fill out the 2023 Membership form. The 2023 Members Welcome and access passcode will be emailed after signup. Online Payment options: PayPals, Venmo, Check or Cash.

20

The Ripples // December 2023

Stitchers Club

The Lakewood Stitchers Club meets the second Thursday of each month in a residential home, from 1:00 - 4:00 p.m. Feel free to bring your knitting, crocheting, needlework, or other portable craft. Join us in a neighborly chat, while seeing all the creative ideas. If you would like to learn to knit, crochet, or learn any other needleart, we are happy to provide personal instruction as well. Contact Wendy at wgriffen@sbcglobal.net for more information.

Tennis Club

The Lakewood Tennis Club has concluded this year’s activities.

See you in the spring. Occasionally we will play on Thursday evenings at the main courts weather permitting. (50 degrees or warmer).

If you would like to receive regular e-mails from the Tennis Club, send an e-mail to Jack McLaren at lakewoodtennis64064@ gmail.com. That way you can keep up with all the tennis news in Lakewood.

Any questions about Lakewood Tennis call either: Jack McLaren 816-868-4933 or Steve Winship 816-809-2924

Water Aerobics Club See you all May of 2024!

Yoga Club

Yoga has now returned to the Augusta Room for meetings.

Please bring your own mat and props. You will be asked to sign a waiver on the first visit. Consult your health care provider for approval before starting a new activity such as yoga and follow any restrictions recommended. All levels of experience including beginners are welcome.

Monday 5:30 - 6:30 p.m. medium level class Wednesday 5:30-6:30 p.m. all levels Saturday 9:00 -10:15 a.m. active level class

Activities Committee

LakewoodActivitiesCommittee@gmail.com Follow on Facebook: @LakewoodActivitiesCommittee

Lakewood Resource Directory ATTORNEY COUNSELOR OF LAW The Horn Law Firm - 816-795-7500 Douglas Horn CARPENTRY Classic Carpentry | Kitchens Baths Basements Home Repair | Electrical | Plumbing Mike Fanara | Call or text 816-308-6784 ClassicCarpentryKC.com CHIROPRACTOR Lakewood Chiropractic - 816.373.3373 Sara Horn D.C. COMMERCIAL REAL ESTATE Trey DeRousse – Newmark Zimmer – 816-868-0526 COSMETICS Mary Kay Cosmetics - 816-686-3388 DECK & FENCE BUILDER Sun Deck & Home - 816-522-DECK (3325) LW Residents 25 years in the business Winter discount through May Snow Removal Services

INSURANCE Kimberly Downey Noble (State Farm) 816-833-1180 Bev McFee - 816-525-8558 The Insurance Group Chris McNair - 816-352-2364 Farmers Insurance INSURANCE/INVESTMENT Michael Blau | State Farm | 816-525-2227 MORTGAGE LENDING Jill Underwood | Your Mortgage Queen 913-915-0150 | jill@jillunderwood.com NMLS 454676 | Summit Lending NMLS 1850081 ORTHOPEDICS - SPORTS MEDICINE JOINT REPLACEMENT Kansas City Orthopedic Alliance (KCOA) Blue Springs | KCorthoAlliance.com, 913-319-7600 Dr. KC Doan and Dr. Daniel Reinhardt PEST CONTROL Mitch Shipman | Bug Baron, Blue Beetle Pest Control, Text my cell at 816-305-8518

PHOTOGRAPHY Angi’s Art - 816.853.4491 DENTISTRY www.angisart.com Newhouse Periodontics - 816-373-6800 VanDeusenPhotography.com | 816-822-9100 Dr. Nancy Newhouse | NewhousePerio.com Implant Dentistry • Periodontics • Regeneration Established 1978 | Master Photog | Lori Hahn ELECTRICAL Lee’s Summit Electric, Lamar Smith.

816-695-8548 EMPLOYMENT AGENCY Vest Professional Placement - 816-282-6288 www.VestPros.com FINANCE Drew Reynolds - Edward Jones - 816-795-7529 Drew.Reynolds@edwardjones.com HEATING & COOLING AFC Heating & Cooling - 816-347-8388 HOME INSPECTION SERVICES ATM Home Inspection - 816-886-0186 Home, Radon, Termite, Mold & Sewer Scoping insp. Evenings and weekends available.

PHYSICAL THERAPY Summit Strength Physical Therapy 816-524-7040 PLUMBING Golden’s Plumbing - 816-350-2927 Regal Plumbing - 816-368-1550 REAL ESTATE Kim Glaser - 816-282-4461 KW – Kim Connects HOME Team Aaron Potter | Alexander-Potter Homes 816-797-8282 | APotter1219@gmail.com Bev Fowler Spencer - 816-289-4654 Chartwell Marcia Wallace - 816-251-1550 (office) Reece & Nichols VACUUM SALES & SERVICE Mr C’s Vac & Sewing Machine Center 816-833-2300 11808 E. 23rd Street, Independence, 64050 Sells Most Brands. Free estimates on repairs.

Lakewood Resource Directory • Lakewood Resource Directory listings are $10 a line, per month, and available by contacting cariann@lpoa.com.

• Open to Lakewood residents only.

• All charges will be made to your member’s account, on a monthly basis.

• New listings need to be emailed to cariann@lpoa.com by the 15th of the month prior to when you want it to appear in the magazine.

• Your listing will run until you notify us to discontinue publishing.

• Should you decide to discontinue your listing, contact cariann@lpoa.com by the 15th of the month prior to when you want it to stop. (Example: If you ran a November listing and don’t want it to run in December, notify us by November 15.) If notified after the 15th, your listing will run one more month and your account will be charged.

Classifieds

• Lakewood Classified Ads will be $7.50 a line, per month, and available by contacting cariann@lpoa.com.

• Open to Lakewood residents only.

• All charges will be made to your member’s account.

• New ads should be submitted to cariann@lpoa by the 15th of the month prior to when you want it to appear.

• Your ad will run for one month unless you notify us to continue.

IMPLANT DENTISTRY Newhouse Periodontics - 816-373-6800 Dr. Nancy Newhouse | NewhousePerio.com VETERINARIAN Implant Dentistry • Periodontics • Regeneration Lakewood Animal Health Center 816-373-1098

Judgements Awarded

Thomas Crowley II (5328 NE Northgate Crossing) Joshua & Sheliece Knox (411 NE Medford Dr.) Brooke Dayley & Zachary Lacy (223 NE Bayview Dr.) Blake Berwald (5477 NE Wedgewood Ln.)

Newsletter design by Ampersand. ampersandbranding.com

Lakewood Property Owners Association // Serving Our Members Since 1973

21

December Maintenance Update John Thomas, Maintenance Manager The holidays are here! Christmas decorations are going up and cold weather has settled in. The LPOA Maintenance Department would like to wish everyone a happy, safe and joyous holiday season. Here’s what is going on in your Maintenance Department.

Maintenance Department Activity • East and West Lake marina dock electrical service maintenance • Monument and landscaping bed clean up and bed winterization • Monument landscaping bed restoration • Remova old resident-installed landscaping on common area • Common area core aeration • Common area tree trimming • Lake Drive parkway tree trimming • Common area lighting maintenance • Trash and pet waste station servicing • Common area and shoreline trash collection • Playground maintenance and repair • Sports field maintenance and over seeding • 23 acre walking trail maintenance • Tennis court and wind screen maintenance • Pleasure dock maintenance and repair

• Marina dock maintenance and repair • Marina and pleasure dock goose waste removal • Retention pond water treatment • Clubhouse maintenance and repair • Resident work request completion • Aquatic center winter maintenance • Sports court maintenance • East and West Lake slope mowing • Common area leaf clean up and mulching • De-icing salt application • LS private snow rout maintenance Lakewood Improvement Projects • Site work for new ELV parking lot expansion • West lake dead tree removal Projects and work done in November 2023.

OCTOBER Community Service Report

Sean Bachtel, LPOA Director of Community Relations Community Service Report August 2023

Fue l De live rie s: 1 Jump Starts: 3 Boats T owe d: 8

Re ce ive d Calls: 239

Storage Lot Ope nings: 60 Marina Gate Ope nings: 262

ID Che cks: 103 T re spassing: 29 Nuisance s: 20 Re side nce Che cks: 21 Packe t De live rie s: 190

ARC Inspe ctions: 26

Received Calls ID Checks Trespassing Nuisances Residence Checks ARC Inspections Packet Deliveries Marina Gate Openings Storage Lot Openings Boats Towed Fuel Deliveries

Jump Starts meta-chart.com

22

The Ripples // December 2023

NOW OPEN IN LAKEWOOD!

All Major Insurances Accepted!

Including Medicare!

721 NE Lakewood Blvd Lees Summit MO 64064

816-607-7180 www.hillpromotionpt.com (Located behind Mr. Goodcents and Lakewood Local, Accross frrom the Fo ountain)

Most 5-Star Reviews in Lee's Summit

WISHING YOU AND YOURS a

festive holiday season and a

PROSPEROUS

New Year !

Looking ahead to 2024? We would love to host your special celebrations or corporate event.

Scan the QR code to learn more!

1901 NW Blue Pkwy.

Unity Village, MO 64065 unityvillage.org

Lakewood PROPERTY OWNER ASSOCIATION

651 NE St. Andrews Circle, Lee’s Summit, Missouri 64064 Phone: 816-373-4326 LPOA.com

Resident or:

PRSRT STD US Postage Paid Permit No. 111 Lee’s Summit, MO