Hampton Lake Annual Report 2017

annual report

2017

Hampton Lake Community Association Post Office Box 3278 | Bluffton SC 29910

COMMUNITY ASSOCIATION BOARd OF dIRECTORS

John Reed

Chris England

Ali Seabaugh

Sandy Leath

Fred Chitty

OFFICERS

Fred Chitty President

Pratt Reed Vice President

Cover Photo Credit Al Heacox Photo at Right: 2017 Board Members Ready to Serve

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Hampton Lake Community Association Annual Report 2017

Ali Seabaugh Secretary

Chris England Treasurer

COMMUNITY ASSOCIATION STAFF

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Bryan Rhame General Manager

Robin O’Neil Assistant Manager

Rachael Malo Director of Fun

Jordan Williams Boathouse Coordinator

Brenda Matthews Catherine Guscio Club Director of Controller Member Relations

Gail Garbett ARB Director

Skip Pratt Tackle Box Manager

Michelle Woodcock Nicole Evans Accounting Accounting Assistant Assistant

Kirby Garbarini Avern Monteque Allison Guadamud Nicole Sheldon Club Concierge Maintenance Tacklebox ARB Technician Associate Assistant Hampton Lake Community Association Annual Report 2015

Hampton Lake Community Association 2015 Annual Report 2017

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COMMUNITY ASSOCIATION BACKWATER BILL’S STAFF

Andy Ferrel Executive Chef

Julia Kalua Dining Room Supervisor

Andrew Hodgins Beverage Supervisor

Antonio Velez Sous Chef

Alicia Backwater Bill’s Wait Staff

Herman Backwater Bill’s Wait Staff

Sabrina Backwater Bill’s Wait Staff

danielle Backwater Bill’s Wait Staff

dennis Backwater Bill’s Kitchen Staff

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Karen Backwater Bill’s Kitchen Staff

Veronica Backwater Bill’s Kitchen Staff

Hampton Lake Community Association Annual Report 2017

Josue Backwater Bill’s Kitchen Staff

dayrin Backwater Bill’s Kitchen Staff

COMMUNITY ASSOCIATION BOARd OF AdVISORS 2016-2017

Pat Licata

Chairperson

deb Legiadre Fitness & Recreation

Art Hansen Food & Beverage

Bill Camp Grounds & Facilities

Lisa Cotter Events

BOARd OF AdVISORS 2018-2019

Pat Licata

Chairperson

Stephen Kreider Fitness & Recreation

Art Hansen Food & Beverage

Bill O’Toole Grounds & Facilities

Joan Bennett Events

Hampton Lake Community Association Annual Report 2017 2015

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COMMUNITY ASSOCIATION CONTRACTOR SUPPORT

Hattie Stafford Security

Joy Burke Landscaping

Kevin Felton Fitness Director

Teal Heather Fitness Center/Spa Fitness Center/Spa Front Desk Front Desk

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Hampton Lake Community Association Annual Report 2017 2015

Amber Belue The Spa

Jason Alexiou Personal Trainer

COMMUNITY ASSOCIATION ARCHITECTURAL REVIEW BOARd (ARB)

Pratt Reed HLCA Vice President Gail Garbett Director Chris England HLCA Board Member Nicole Sheldon Assistant Sam Brusco HLCA Member Brian Witmer Landscape Architect with Witmer-Jones-Keefer, Ltd. Pearce Scott Architect with Pearce Scott Architects

COMPLIANCE COMMITTEE

Frank Roach Chairperson Linda diaz Larry Ruocco Mary Beckwith Charlene Piantanida Karen Couser

COVENANTS COMMITTEE

Jim Morris, Esq Chairperson Ted Kerrine, Esq Gail Burrer Paula Stechschulte Michael Crom

PROPERTY TRANSFER COMMITTEE

Sandy Moldovan, PE Chairperson Monte Leath, CPA Scot Ahrnsbrak Jim Morris, Esq. Sam Brusco Bryan Rhame (ex-officio) Wayne Burrer

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COMMUNITY ASSOCIATION BOARd OF AdVISORS COMMITTEES 2016-2017 FOOd & BEVERAGE COMMITTEE

Art Hansen Chairperson Sandy Leath John Crapanzano Larry Ruocco John davis Chris Rudd Ada Isherwood Hank Spangler Brian Lackey

FITNESS & RECREATION COMMITTEE

debbie Legiadre Chairperson Stephen Kreider Ken Cotogno Pegi Leonard Susan Harrison Jerry Lewis

EVENTS COMMITTEE

Lisa Cotter Chairperson Tricia Michael Pam Brown Lynn O’Berg

GROUNdS & FACILITIES COMMITTEE Bill Camp Chairperson

Carol Basso Barry Fiebert Kirk Himelick Larry Hughes Jim Kiser Barbara Lindblad Ernie Lindblad

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Hampton Lake Community Association Annual Report 2017

Pete Marone John McAndris Tom McLaughlin Sandy Moldovan Richard Nettles John Sassman dan Sheehy

COMMUNITY ASSOCIATION BOARd OF AdVISORS COMMITTEES 2018-2019 FOOd & BEVERAGE COMMITTEE

Art Hansen Chairperson Larry Ruocco Frank Barbieri Chris Rudd John davis Hank Spangler Ada Isherwood Brian Lackey

FITNESS & RECREATION COMMITTEE

Stephen Krieder Chairperson Jim Hoffman Peter Bromley Michael Kokolakis debbie Gordon Susan Harrison

EVENTS COMMITTEE

Joan Bennett Chairperson Tricia Michael Kara Hounam Ruthie Tate Stephanie Lamontanaro dawn Wegard Anna Levonyak Kathie McBroom

GROUNdS & FACILITIES COMMITTEE Bill O’Toole Chairperson

Tim Beedle Harlan Chase Chris Christensen Fred Chitty Philip day david Gallant Craig Husted

Jim Kiser Barbara Lindblad Ernie Lindblad Pete Marone Charlene Piantanida Michael Sneden

Hampton Lake Community Association Annual Report 2017

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PRESIdENT’S LETTER TO MEMBERS Looking back to April 2013, when I was first elected to the Board, I’m amazed at how fast time has flown by. As I wrap up my fifth and final year on the Board, I am truly amazed by the positive growth and improvements to our community from then to now. It is like night and day on many levels. From under 600 member households to over 1100 today. From 233 homes built and 55 under construction to 716 built and 70 under construction today. From a budget heavily subsidized by the developer with $2.3 million in total revenue to $5.3 million today, with no subsidy for the past 3 years. From $1.8 million in annual member assessments to $3.16 million today. From $136,000 in our Capital Reserve to $1.5 million today. From streets with just a few homes built to streets with just a few unbuilt lots remaining today. In 2013, the Developer was in Chapter 11 and Phase 3 was just a hopeful dream with no guarantee it would happen. Our main roads didn’t have the top coat of pavement. Today our Developer is financially healthy, and the roads are paved. Phase 3 already has 86 homes built and 41 under construction. Our phase 3 “Parkside” amenity center has Crystal Lake and the first phase of amenity parking is completed. Hampton Lake has grown to the point that a traffic signal is now installed at our entrance. I could go on and on, but you get the point. 2017 was another very good year with continued growth. Hampton Lake is in its best financial condition ever.

We saw many milestones in 2017, large and small, such as the decision to change our food service operations from contractor operated to “in house” staff; approving a financial policy resolution and changing our banking services to Alliance Bank to ensure all our funds are covered by FDIC insurance; approving a resolution formally establishing policy for combining Units; taking on responsibility of mailbox maintenance; amending our Governing Documents to expand the Board from 5 to 9, thus doubling the number of owners on the Board from 2 to 4 in April 2018 as we prepare for turnover in 2021; watching the construction of the “One Hampton Lake” resort tract apartments that share our lake and seeing their first residents move in on September 30th; congratulating two of our staff, Brenda and Catherine, on their 10 year anniversary of HLCA employment and congratulating our General Manager, Bryan on his personal milestone of becoming a “Certified Manager of Community Associations (CMCA)”.

I think the most significant 2017 milestone the community should be very proud of is the “Blue Ribbon Community” designation by the Community Associations Institute (CAI). CAI awarded this honor to HLCA after a panel of experts reviewed our governance / management policies, financials, capital reserves, insurance, and social activities. CAI’s Blue Ribbon program recognizes communities that work hard to develop and maintain standards, encourage community participation, maintain fiscal stability and positively impact the quality of life for the residents. Our hardworking staff, management, the Board and member volunteers are all key participants in making this recognition possible. The end result creates a community of neighbors having fun together and enjoying life. Friendly people and a well managed association are what make Hampton Lake a great place to live!

Respectfully submitted,

Fred Chitty President

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Hampton Lake Community Association Annual Report 2017 2015

dECLARANT’S LETTER TO MEMBERS Dear Hampton Lake Members,

Year after year, our community just seems to get better and better. As you know, 2017 was an extremely busy year for Hampton Lake. Over the years we have been through a great deal of change.

Between the high volume of home building, the grand opening of Crystal Lake, 263 sales transactions, new Hampton Lake employees, and many fun member events, 2017 was certainly one for the record books!

Over the course of the year, there were many highlights and new memories made here at Hampton Lake. Members and guests enjoyed an extremely fun-filled weekend as part of our inaugural Women’s Weekend in September, which was a huge success, and we are very excited for an even bigger event this year. Construction was completed on Crystal Lake in September, and many of our members took the plunge and were among the first to dip their toe in our newest amenity! In the Fall we launched the Cottages at Parkside by Logan Homes, which are situated overlooking the beautiful waters of Crystal Lake. And the completion of Bridgeside Park gave residents a new location for a casual outdoor gatherings with friends around the waterside firepit.

Looking towards 2018, we anticipate opening the next phase of the Parkside Amenity Center which is now under construction. This includes new sports courts such as basketball, bocce, and much-anticipated pickleball courts. Completion is expected by the end of May, just in time for the Spring season. The new pool and multi-use barn which is planned for Parkside is in the design stage.

We hope to be able to announce the construction plans later this year. Other activities in the works for this year include the design and planning for the second community entrance at the intersection of Bluffton Parkway and River Ridge Academy. This new entrance is expected to open in April of 2019.

New residential development efforts are now underway, including earthwork, timbering, and utility and infrastructure efforts on the Northern Sandhill Tract (Phase 4.) The first properties released will include 10 lakeview and 10 preserve-view lots and are expected to go on the market in April.

Lake Life here at Hampton Lake is definitely something wonderful. But it’s not just because of our community’s great homes, facilities or natural beauty. As we do our work making your community better by developing new amenities, new real estate, and enhancing spaces where people engage, we’re reminded that it is the members that really make Hampton Lake truly special. Thank you for being great neighbors, for your perpetual enthusiasm, and for your own commitments to make our community better each year!

Sincerely,

Pratt Reed

CEO Reed Group

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BOARd OF AdVISORS CHAIRPERSON’S LETTER TO MEMBERS One of the signs of a healthy and vibrant community is the willingness of members to get personally involved in making the community an even better place to live. That willingness is certainly evident among the members of the Board of Advisors and associated Advisory Committees. In 2017 the Board of Advisors continued its focus on areas raised as concerns in the Member Survey, with special emphasis on enhancing two-way communication and improving satisfaction with all amenities, especially Backwater Bill’s and the fitness center, and in providing a variety of events and activities that appealed to the wide-ranging interests of the community. The Board of Advisors’ focus on two-way communication included: - Creating the Hydrotherapy Survey to gather member feedback about plans for the re-purposing of the hydrotherapy space. The survey results helped inform the current direction of turning the hydrotherapy space into a screened room that will not suffer the same humidity problems as the previous enclosed space.

- The re-organization of the HLCA website, with the goal of making the HLCA website a more useful resource that is easier to navigate. Members of the Board of Advisors worked with board members, the general manager and staff to recommend the new re-organization of the website pages.

- Monitoring LakeViews and managing the prompt publication of the Q&A.

- Continued work with management and staff to facilitate proactive communication to members.

Highlights of the committees include:

GROUND & FACILITIES (G&F)

A Boat Captain’s Emergency Assistance Program, in partnership with Security and the Tackle Box, was developed to help boaters stranded or in distress while on Hampton Lake after hours. A key result of G&F’s Safety and Security Evaluation Report was a Security Patrol Checklist that became part of the Security Standing Operating Procedure used by security staff. A detailed report on the condition of roadways in Hampton Lake was prepared; this continued benchmarking data will help with the budgeting process for impending road repairs and also help map the timetable for future repairs/ replacements.

Committee members: Bill Camp, Chair, Carol Basso, Barry Fiebert, Kirk Himelick, Larry Hughes, Jim Kiser, Barbara Linblad, Ernie Linblad, Sandy Moldovan, Pete Marone, John McAndris, Tom McLaughlin, Richard Nettles, John Sassman, Dan Sheehy FITNESS & RECREATION COMMITTEE (F&R)

In addition to working with the Fitness Center staff to help identify and schedule fitness classes and equipment, the F&R Committee partnered with the Events Committee to create and run the Community Connection Day to foster community and engage children in activities that promote fitness. F&R continued to be instrumental in the promotion of pickle ball and tennis. F&R members organized Hampton Lake’s first pickle ball tournament and oversaw the establishment of the Hampton Lake Tennis Ball Machine Club.

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Committee members: Debbie Legiadre, Chair, Ken Cotogno, Susan Harrison, Stephen Kreider, Pegi Leonard, Jerry Lewis Hampton Lake Community Association Annual Report 2017 2015

BOARd OF AdVISORS CHAIRPERSON’S LETTER TO MEMBERS FOOD & BEVERAGE COMMITTEE (F&B)

F&B continued their focus on identifying ways to attract people to Backwater Bill’s. The Chalk Board Menu established for Saturday dinner with a special meal (appetizer, entrée and a glass of house wine) for $20 has been very successful, likewise the monthly Prime & Pasta Dinner.

Committee members: Art Hansen, Chair, John Davis, Ada Isherwood, Brian Lackey, Sandy Leath, Larry Ruocco, Chris Rudd, Hank Spangler EVENTS COMMITTEE

The Events Committee continued their focus on expanding family-oriented events, such as the Back to School Party, S’mores Nights, and Family Bingo. The traditional favorites, such as the Adult Pool Party, Music Nights, Oyster Roast, the Holiday Boat Parade and Dinner, and the New Year’s Eve Party, were supplemented with new events such as Wine & Art, and Game Nights with an optional dinner. The Committee worked closely with staff to develop events that attracted enough members so that each event could be successful without needing to be subsidized.

Committee members: Lisa Cotter, Chair, Pam Brown, Tricia Michael, Lynn O’Berg

It has been extremely gratifying to work with the members of the Board of Advisors and the Advisory Committees. We at Hampton Lake are fortunate to have these dedicated members willing to devote significant amounts of time to our community.

Pat Licata

Chairperson, HLCA Board of Advisors

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2017 HLCA OPERATIONS STAFF

Hampton Lake experienced several key changes in personnel in 2017. The most significant being the decision to add an Assistant General Manager. Robin O’Neil joined our team with a wealth of club and resort Food and Beverage experience; her most recent position being with Montage at Palmetto Bluff.

We also added Skip Pratt to manage the Tackle Box. Skip replaces our long-time employee Chris Collier who left to pursue other career goals. Jordan Williams, our Tackle Box Associate and Nature Guy, graduated from USCB with a degree in hospitality and was promoted to Boathouse Coordinator.

Jordan has been a great team player and is very deserving of his new responsibilities. Amber Belue was hired as our Spa & Fitness Operations Manager to replace Tiffanie Baker. Rachael Malo was hired from J. Banks Design to be our Director of Fun. Rachael is responsible for coordination and execution of all of our member events and many of our smaller private parties. Julia Kalua was promoted to Dining Room Supervisor. We also added Andrew Hodgins to be our Beverage Supervisor. Nicole Sheldon was hired to replace Mandy Bell as our ARB Assistant. Nicole Evans was promoted to full-time Accounting Assistant.

FOOd & BEVERAGE

Every year we evaluate each department to find areas for improvement. In F&B it was clear we needed to continue to find ways to accommodate more owners during peak times, improve the level of service, and increase participation in all of our member events.

Backwater Bill’s - Backwater Bill’s had one of its best years to date. Although we did not hire a Food & Beverage Manager, we were able to add key support personnel to increase the level of service and productivity of the kitchen. The food quality and menu offerings, as well as improved service, proved to increase the owner’s satisfaction of our food and beverage operation. A new double stack oven was purchased to improve production. A new heavy-duty mixer was also added. Improvements to our coolers included curtains to reduce humidity and improve shelf-life of our products, which in turn aids in the reduction of food costs. The F&B team assembled at Backwater Bill’s worked extremely well together. The nucleus of the team has been together for almost a full year and went above and beyond to take care of our members. During Hurricane Irma, many of our staff stayed and allowed BWB’s to open when most of the restaurants in our area closed. This type of dedication was a reason for renegotiating our contract with DTC to bring the employees under HLCA Management in 2018.

Backwater Bill’s had a favorable financial result compared to budget and previous years as well.

Revenues exceeded 2016 from $379,092 to $498,974 in 2017. Costs were also reduced by $46,509 from 2016.

Member Events - We continued to grow the number and type of Member Events throughout the year. With the amount of growth in Hampton Lake, the challenge is and will continue to be finding ways to accommodate more people. Many of our events are selling out and/or experiencing a wait list. One of the successful decisions made in coordination with our Advisory Committees was to change What’s Cooking Wednesday to Prime Rib and Pasta. This has proven to be very successful in that we have had 90 plus participants in every Prime Rib and Pasta night other than the one offered Thanksgiving week.

Game Night has also increased in popularity with the addition of a dinner offering along with the various games each month. Below are many of the events we hosted in 2017: January - Bingo, Lunch & Learn – Maritime Museum, Music Night, What’s Cooking Wednesday.

February - Kids Night at the Lake, Lecture Series, S’mores, Mardi Gras Party, What’s Cooking Wednesday.

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Hampton Lake Community Association Annual Report 2017 2015

March - S’mores, Adult Trivia Night, St. Patrick’s Day Celebration, Wine Dinner, What’s Cooking Wednesday.

April - Lakeside Village Market, Easter Brunch, Fishing Clinic, What’s Cooking Wednesday.

May - Tiger Bass Open, Music Night, Mother’s Day Brunch, Prime & Pasta, DJ Alan Poolside Activities, Memorial Day Cookout – Harden & Crenshaw.

June - Trivia Night, Kids Kamp – 2 sessions, Lunch & Learn – Sandra Ossie, Tower Bar Music, Prime & Pasta.

July - July 4th Cookout & Games by the Pool with DOF, Kids Kamp – 2 sessions, Bingo, Adult Pool Party, Tower Bar Music, Prime & Pasta.

August - Kids Kamp, Trivia Night, Tower Bar Music, Back-to-School Party, Prime & Pasta.

September - Poolside Games with DOF, Labor Day Cookout – Nick Poulin, Lunch & Learn – J Banks Design, Prime & Pasta.

October - Wine & Design, Fall Fest, Prime & Pasta, Tiger Bass Race, Halloween Party.

November - Trivia Night, Captain’s Cup, Oyster Roast, Lakeside Village Market, Prime & Pasta, Holiday Entertaining Seminar. december - Santa Brunch, Gingerbread House Decorating, Cookie Exchange, Holiday Dinner & Boat Parade, Prime & Pasta, New Year’s Eve Party.

Financially, our Member Events also improved over 2016. Revenues exceeded $219,600 in 2017 as opposed to $126,800 in 2016. We added a fulltime Director of Fun, and generated a positive $7,135 in net income with many fun-filled activities for all ages.

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Hampton Lake Community Association Annual Report 2017 2015

Private Parties - Private Events were generated from a variety of avenues. Many were member generated birthdays, anniversaries, celebrations of life, and weddings. Other events came from corporate meetings and parties, outside weddings, and office parties. These various events provide helpful exposure to our community as well as additional revenue. Examples of the various events are listed below.

January - Carol Smith Sun City Event, Aunt Laurie’s Luncheon.

February - Bruno Wedding, US Foods Event, MHA Event, HLWG Meeting/Luncheon, Ruthie Tate Luncheon.

March - Chris Cokern Luncheon, Abernathy 16th Birthday, Thomas Celebration of Life.

April - Ali Weary- Bridal Brunch, United Way of the Lowcountry, Kate & Timere Wedding, Janelle Smith Event, HLWG General Session, Michalcewicz Memorial.

May - Pam Costa Luncheon, HHAHBA Scholarship Banquet, HE McCracken Dance, Baby Shower, Diane Dougherty – Bridal Shower.

June - Scott Graduation Party, Wilke 90th Birthday, Ludwig Wedding, Henry Wedding, Tate Luncheon/Cookout.

July - Luscko Funeral, Wedding, Aunt Laurie’s Luncheon, Ruthie Tate Luncheon.

August - Durrent Wedding, Gleason 50th Anniversary, Erica Pepper-Wexford Retreat.

September - Hilton Head Hospital Event, Morris Party, Silano Wedding, Pugzles Celebration of Life, HL Women’s Invitation Weekend.

October - Ben Johnson Celebration of Life, Hilah Brown Wedding, Justin Harvey Party, Mike Story Anniversary Party, Bullard Wedding, Todd Blankenship Dinner, HLWG Luncheon, Aunt Laurie’s Luncheon.

November - Moose Wedding, Sabins Wedding, Lammy Wedding.

december - May River Dermatology – Holiday Party, Texas Roadhouse – Holiday Dinner, Sun City Holiday Dinner, HLWG Holiday Party, Carla Carte – Holiday Party, George Crotz – Holiday Luncheon, Home Depot – Holiday Dinner, HHAHBA Luncheon

Private Events generated $284,900 in revenue in 2017 and brought $49,562 in net income compared to just $7,550 in 2016.

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Hampton Lake Community Association Annual Report 2017

Hampton Lake Community Association Annual Report 2017

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SPA & FITNESS CENTRAL

Our Spa and Fitness Central saw an increase in activity during 2017. PIlates saw an increase of over $8,700 in revenue. Group classes increased over $7,200. Massage increased over $3,200. Total revenue was $146,378 in 2017 compared to $130,958 in 2016. Total operating costs were reduced by $10,000 from 2016 to 2017 and the total cost to operate our fitness facility improved by $27,520.

We placed an order for a Smith Machine and a Multi-functional trainer that is scheduled for delivery in March.. We are working to make some design changes and have requested two architectural firms to submit plans to redesign the space to make the hydrotherapy room more sustainable and efficient. We hope to have some plans and make decisions on the best way to proceed in the spring of 2018. Our pool visits also increased to the following numbers:

Owner Pool Use Accompanied Pool Guests Immediate Family Pool Guests Approved Pool Guests .

3,350 2,485 2,790 791 -------9,416

35.58% 26.39% 29.63% 8.40%

100.00%

GROUNdS & FACILITIES

In 2017 we had two great additions to our amenities, Crystal Lake and Bridgeside Park. Both of these amenities opened late in the year, so 2018 should see much more utilization of these two areas. Also late in 2017, new furniture was ordered for our Lakeview Room. It is scheduled for delivery in March of 2018. Last year brought us our second named storm in two years. Hurricane Irma visited the area causing some localized flooding and tree damage. Hampton Lake once again faired very well. We were able to use things learned from Matthew to improve our communications including a new Emergency Facebook page, better preparation with protecting items that could be damaged in such storms, and coordination with our contracted partners. Hampton Lake faired extremely well with the lake and drainage system performing as planned and only minor tree damage to common areas. We were able to finalize our property transfer process with the Property Transfer Committee working with the developer and Board of Directors. Roof repairs were made to the Lakehouse and Doc’s Boathouse.

The decision to make changes to our hydrotherapy pool and room are also being explored.

LAKE/FISHING

Many of our annual projects were completed in 2017, including our Christmas tree round up to provide additional structure for our fishery. Jordan added a few more events including a one lure fishing tournament and cookout at the Outpost that received great reviews. This event was so popular that another one was scheduled for early in 2018. Fishing clinics and tutorials were also conducted in 2017 to bring new anglers into the sport. The team of Val & Connor Allred won the Tiger Bass Open and Lee Steinberg & Matthew Diguardi won the Captain’s Cup. We also added additional aerators around the lake to improve water circulation to prevent stratification of the lake and aid in maintaining healthy dissolved oxygen levels. In 2017, a water quality report was also requested to determine the cause of some aluminum boat hull pitting. The report stated several natural reasons for these corrosive occurrences. Finally, with the recommendation of Quality Lakes, our Lake Management contractor, the decision was made to have lime added to the lake in 2018. This should result in the lake supporting more fish per acre, thus improving the fishing and attracting more birds for our enjoyment.

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Hampton Lake Community Association Annual Report 2017

THE BOATHOUSE & TACKLE BOX

The Tackle Box also out performed 2016 with an increase of $5,420 in boat rentals and $7,752 in total revenue. Operational costs were also reduced by over $40,000 from 2016. Toward the end of the year two new pontoon boats were purchased to replace one electric boat which was damaged and covered by our insurance policy and our Bass Tracker which had reached the end of its useful life.

One pontoon was for immediate delivery and the second is scheduled for March of 2018. Two new single kayaks were also purchased to meet growing demand.

COMMUNICATION

In a growing and rapidly changing community such as Hampton Lake, proactive information sharing by management, the Board of Directors, and the developer, as well as robust channels for two way communication, are critical to the success of Hampton Lake and the satisfaction of its members. In 2017, HLCA hosted seven meetings open to all members, all were well attended. A key project in 2017 was the re-organization of the HLCA website. Completed in January 2018, the re-organization makes it easier for members to access important documents and learn about our amenities, clubs, and events.

The need for two-way communication and to provide an opportunity for members to ask questions and get prompt answers was the impetus behind the introduction of LakeViews in 2016, which continues to be well-used in 2017. Members submitted 156 questions and comments to LakeViews in 2017, up from 138 in 2016. We continue to use the popular weekly Community Update and the weekly Backwater Bill’s News to provide timely updates and notices of upcoming events. Every Sunday the weekly update shares community news, notice of events, and the calendar for the coming months.

The update is also used to provide notice and distribute minutes of the board meetings and other important documents. While Nextdoor Hampton Lake, an owner directed social media site, is NOT a HLCA communications vehicle and doesn’t contain any official information, it does provide daily member to member communications. During 2017 it grew from 900 to 1232 members. We were happy to note that our community survey reported high levels of satisfaction with member communications, including 93% satisfied or very satisfied with the timeliness of member communications. This will stay a top priority for HLCA.

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MEMBER SURVEY

In order to measure member satisfaction, as well as gather data for setting future goals and priorities, the Hampton Lake Member Satisfaction Survey was conducted during November 26 through December 9. Although the survey was updated to reflect new amenities and other additions, the 2017 survey contained many of the same questions as the surveys previously conducted in 2014 and 2015 so that progress and trends can be monitored. The survey was designed, developed and deployed by Hampton Lake member Patricia Licata, PhD, owner of Ocean Road Consulting, a professional market research company. Dr. Licata, who is also serving as Chair of the Hampton Lake Board of Advisors, volunteered her time to conduct the survey and prepare reports for members, management, the Board of Directors, and the Hampton Lake Advisory Committees.

The survey was sent to 1389 Hampton Lake members. The survey covered the full range of amenities, such as the lake, pool, restaurant, and fitness center, as well as key community features, such as security, landscaping, and management. The questions were designed to measure how important each amenity or feature is, as well as how satisfied members were with those features and amenities.

Members were also asked to report on how frequently they used each amenity. The survey also included questions designed to determine what changes or additional features and amenities were desired in the future.

Key Results

802 members, 58%, submitted a survey. The high response rate clearly suggests an engaged and involved membership. As anticipated, the majority of respondents, 78%, were full time residents.

The responses revealed that Hampton Lake owners are generally satisfied with most amenities and community features. Satisfaction with the pool complex and boating on the lake was 88%, a slight drop from the previous survey in which satisfaction was 90% and 91%. Satisfaction with the fitness center also dropped, from 83% to 81%, and satisfaction with security dropped significantly, from 89% to 75%.

Satisfaction with Backwater Bill’s showed dramatic improvements: How Satisfied are you with the following at Backwater Bills?

Quality of the Food Service

Host/Manager Price/Value

Atmosphere

Operating Hours

Variety/Selection of Menu Special Events

Accuracy of Bill (not included 2015)

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Hampton Lake Community Association Annual Report 2017

dec 2015

dec 2017

Change

78%

83%

5%

79% 83% 63% 82% 39% 59% 73%

90% 87%

11% 3%

77%

14%

42%

3%

84% 73% 73% 85%

2%

14% 0%

Key areas for improvement include: n n n n n

Security at the front and back gate Enforcement of rules. This includes rules at the pool and the fitness center, as well as for parking and speed enforcement.

General improvements at the fitness center, including hours for access, the locker rooms, steam and sauna, and equipment Monitoring use of Hampton Lake amenities, particularly the pool, to ensure access by members and authorized guests only.

Hours and capacity at Backwater Bill’s and the Tower Bar

The member survey included 10 open-ended questions, including the final question, “Please use this space to add any feedback that you have not already provided in any of the previous questions.”

Although Hampton Lake members included many suggestions for improvement, 30% of the responses to this question included expressions of appreciation for Hampton Lake, for the survey, and/or the neighbors who volunteer their time to continually improve Hampton Lake and make it an even better place to live.

Action Planning

The purpose of the Hampton Lake Member Survey was to measure member satisfaction and gather data for setting future goals and priorities. The Board of Advisors and the advisory committees will work with management and the Board of Directors to develop specific action plans related to the priorities identified.

Responses Shared with the Community

A report containing graphs of the numerical data was shared with all Hampton Lake members shortly after the survey closed, and the results are posted on the member website. Highlights of key data and areas of focus will be presented at the Annual Meeting on March 29.

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CHARITY EVENTS

Hampton Lake continues to be a very charitable community. Members spearhead fund raising for many worthy charitable causes and organizations. Many more members donate time and money to help make these efforts successful. Hampton Lake has members serving on local charity boards and others providing volunteer services to organizations from Meals on Wheels to NHC to Beaufort Jasper Volunteers in Medicine to the Humane Society. There are too many to name them all here. Giving back is who we are as a community. As an example, here are three community organizations that made a huge impact during 2017 for local charities: the Tiger Bass Race committee, 100+ Women Who Care, and the Hampton Lake Women’s Group.

Tiger Bass Race

This huge annual event is literally a full year of effort by the TB Race committee, from planning, to obtaining sponsors, to marketing the event and finally making race day run smoothly. It has grown in size every year since inception. The growth has presented challenges to overcome. This year mother nature intervened with deciding Hurricane Irma would pay us a visit on the original race date of September 16th. So we decided to reschedule to October 28th and didn’t miss a beat. Everyone and everything came together. We had a gorgeous day and our event was a huge success with over 700 race participants!

TBR donated a total of $30,000 split in half benefiting Memory Matters Scholarship Program and River Ridge Academy Shade Structure Project. TBR owes a special thanks to all Sponsors, Volunteers, HL Members, HL Management and the 2017 Tiger Bass Race Committee: Michael Beckwith, Mary Blake, Anna Kendrick, Catherine Guscio, John McAndris and Mike Calvert.

Mark your carlendars: the 2018 Tiger Bass Race/Walk is scheduled for October 27th.

100+ Women Who Care, Greater Bluffton Chapter

100+ Women Who Care Greater Bluffton is an organization made up of women who want to improve the lives of those living in Bluffton by combining funds to make a large local impact in just one hour. They meet quarterly. Hampton Lake members and other local residents may join the organization. Three local area charities are presented at the one-hour quarterly meetings. The attendees at the meeting vote and one of the three charities receives a contribution of all the money collected from the members. Each member commits to donating $100 per meeting on a quarterly basis ($400 annually.)

This local chapter, part of a national organization, was organized by Hampton Lake residents Carolyn Day, Darice Ahrnsbrak, Mary Blake, and Barbara Hege in February 2015. Bari Lee provides the technical support for the Facebook and website pages. The group is sponsored by local business Advanced Integrated Controls which pays for Lakeview Room rental and administrative costs.

Through December, 2017, 100+Women Who Care Greater Bluffton has raised $76,200 in just eleven one-hour meetings. In 2017 alone a total of $33,200 was awarded to the following charities: Family Promise; Meals on Wheels; LowCountry Dress for Success; and Autism Giving Tree. The group hopes to exceed 100 members in 2018.

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Hampton Lake Community Association Annual Report 2017 2015

HAMPTON LAKE WOMEN’S GROUP

The Hampton Lake Women’s Group (HLWG), founded in 2010, continues to be an active component of the Hampton Lake community. Over 300 members strong, the group promotes friendship, fellowship and fun for the residents of Hampton Lake. From welcoming new residents to new member socials, holding 4 annual meetings featuring guest speakers such as Meteorologist Kris Allred from WSAV News or a local author, delicious luncheons or chocolate and wine tastings and other special events, the group seeks to offer opportunities for women to connect and bond with each other while having fun. The 17 Interest Groups offer further opportunities for women to enjoy meeting for a meal or game activity, to share or learn a new hobby or craft, to enjoy the arts, gardening, books and much more. The 2017 Spring Potluck, enjoyed by 130 guests, and 2017 Holiday Party, where over 150 guests danced the night away, were made possible by the commitment and imagination of the HLWG amazing volunteers!

HLWG members also showed their generous heart as they continued to support the greater Bluffton community throughout this past year. HLWG members organized a Hampton Lake Thanksgiving Food Drive which gathered 1,550 items, ensuring that over 130 local families enjoyed a complete Thanksgiving meal! The Hampton Lake Toys for Tots campaign, also organized by the HLWG, collected over 320 toys this past December. Additionally, the members supported Family Promise of Beaufort County and the Bluffton Boys and Girls Club with varied donations of diapers, cleaning supplies, school supplies, sporting equipment and art and craft supplies.

HLWG maintains a website with up to date news and information and a calendar of events at www.hlwg.org. In 2017, HLWG became incorporated as a 501c7. As the organization grows, there is continued hope that the group will foster a close knit community of women connecting, growing together, having fun and supporting one another!

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Hampton Lake, “America’s Best” Community & Club, offers a casual, relaxed way of life centered around a 180acre freshwater fishing and boating lake…and incredible resort-like amenities for the whole family to enjoy.

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Hampton Lake Community Association Annual Report 2017 2015

ARB

The high rate of sales during 2017 resulted in continued high rate of building activity with 88 homes under construction at the start of the year. We saw a 27% increase in residents with 150 new homes completed during the year. With this very healthy number of home completions, construction activity dropped by 20% by the end of year to 70 homes under active construction. Hampton Lake had more homes under construction than other communities within the area.

Details are provided in the following Real Estate Year in Review. The impressive five year trend of home construction is shown below:

FIVE YEAR TRENd BUILdING SUMMARY

dwelling Units Built

dU Under Active Construction Total

dec 31 2013

dec 31 2014

dec 31 2015

dec 31 2016

dec 31 2017

50

52

81

88

70

277

327

351

403

427

508

566

654

716

786

The Compliance Committee continues to be a tremendous asset to the ARB, helping to identify those who are not in compliance with the Community Wide Standard. Again, in 2017, the Committee completed two rounds of inspections, one from the road and lake and the other just from the road.

A lakeside inspection will be conducted again in Spring 2018. The ARB received over 90% cooperation from the Membership to correct any problems cited quickly. There was one appeal to the Covenants Committee. Following the appeal the Board made changes to clarify our lighting rules.

The growth in Phase 3 and addition of Crystal Lake along with the aging of property in Phases 1 & 2 has brought on new challenges for the ARB as members make additions and changes to their property. This includes the handling of exterior color changes, addition of fences, boat slips, landscape improvements, atriums, etc. The ARB continues to work hard to maintain HLCA’s Community Wide Standards during this period of growth.

Hampton Lake Community Association Annual Report 2017 2015

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One of Hampton Lake’s popular events is the Hampton Lake Lakeside Market!

Local vendors oer crafted food, creative gifts, and home-made accessories.

Fun for the family!

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Hampton Lake Community Association Annual Report 2017 2015

Hampton Lake is home to lots of Lowcountry wildlife.

HOWEVER, Don’t Ever Feed Any Alligator!

(SC Code Section 50-11-750. It is

unlawful for any person to feed or entice with food any American

alligator. Any person violating this will be guilty of a misdemeanor, and upon conviction, will be fined.)

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HAMPTON LAKE 2017 REAL ESTATE YEAR IN REVIEW

The following information was provided by Board member Chris England and Hampton Lake Realty.

2017 was another incredible year for real estate in Hampton Lake. Several new records were set, and among the property owners, positive buyer and seller sentiment is the new normal.

Hampton Lake enjoyed tremendous market demand and saw the highest number of end user sales ever. Homes and lots both saw double-digit percentage increases. Incredibly, sales of homes in our community totalled more than all the reported home sales in Hampton Hall, Belfair, Berkeley Hall, Oldfield and Palmetto Bluff combined!

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Members and guests participated in a number of highlights in 2017. The much-anticipated Crystal Lake amenity was completed and opened to members in September. The Parkside Cottages by Logan Homes, which surround Crystal Lake, were released in November with a 3-day opening event including a member-only preview. Another Phase 3 amenity, Bridgeside Park, was also completed in the Fall. This passive park which sits on the canal connecting the larger lake with Phase 3 waterways includes a day dock, pavilion with picnic tables, and Adirondack chairs surrounding a wood-burning firepit for casual outdoor gatherings. The inaugural Women’s Weekend which was held at the end of September was a resounding success. Based on the great feedback we received, we will be building on the experience with another great Women’s Weekend this coming Fall.

Hampton Lake Community Association Annual Report 2017

At the end of the year, the popular Concept Homes Collection, which opened in 2015, came to a close. Through this program, literally thousands of people were introduced to Hampton Lake and its talented builders. The high level of construction and thoughtful designs helped to elevate the reputation and the quality of the the community’s custom homes to new levels. A less formalized Featured Builder program is now in place. While it does not include a defined model row, 6 new custom models are underway near Bridgeside Park. These homes are scheduled to open at different times throughout 2018 and announcements to the membership will be made as opening dates are set.

Everywhere you turn in Bluffton, it seems the reputation of Hampton Lake and its members has never been higher! Residents like you continue to be involved both inside and outside the community in business, philanthropy, and social endeavors. We thank you for helping make Hampton Lake not only a grest place to live, but a standard-bearer among area communities.

Please connect with me directly if you have any comments about this report. And if you have questions specific to the value or marketability of your home or lot, please reach out to one of our sales team members for expert guidance. We look forward to hearing from you.

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SALES SUMMARY

Total transactions in Hampton Lake ended the year at 263, down 60 sales from last year’s 323 transactions. While this is numerically lower, the number of sales to end users went up 7.5% from 213 in 2016 to 229 in 2017. The 60 additional sales in 2016 were entirely attributed to fewer bulk lot sales to builders. This is due to a sell-out of available developer lots in Phase 3. The mix of sales in 2017 included 122 lots (88 of which were to end users) and 141 homes. The home figures, as in last year’s report, include Coach Homes and Villas along with the single-family home totals.

As mentioned above, lot sales slowed substantially to product builders but we expect this to pick back up in the next 12-16 months as developed builder lots in the Northern Sandhill Tract (Phase 4) are released. End user sales of lots went down slightly from 98 in 2016 to 88 in 2017, a figure we believe is affected by a decline in resale homesites in Phases 1 & 2, and in the limited availability of developer homesites in Phase 3, which is nearing sell-out. Inventory shortages created urgency, leading to big increases in average prices of all lot types.

Home sales continue their climb this year, from 115 homes in 2016 to 141 homes sold in 2017, an increase of 22.6%. In addition to solid sales of resale homes, several new builder neighborhoods opened or expanded amidst a very robust sales pace. Pulte’s Green Trail and K. Hovnanian Arbors neighborhoods both sold out towards the end of the year. Along with rising prices in these product neighborhoods, resale home prices saw big gains for both preserve-view and lakeview orientations.

2017 Snapshots

Total Sales in Hampton Lake: 263 Lots = 122 + Homes = 141

2017 Sales Volume in Hampton Lake = $90.3M

Percentage Increase in Sales to End Users Year Over Year = 7.5%

2017 Sales of Note

Highest Home Sale: $925,000

Highest lot sale (developer): $487,305 for double lot & $302,900 for single lot Highest lot sale (Resale): =$248,000 Trending Up: 8 Homes sold for $825,000 or higher

Trending Up: 35 Lakeview Lots were sold for $200,000 in 2017 compared with only 14 in 2016.

Trending Up: 24 preserve-view lots sold for over $100,000 in 2017 compared to only 5 in 2016. The highest was $117,500.

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Hampton Lake Community Association Annual Report 2017

This 6 year chart shows the number of end user sales by the Hampton Lake Sales Team, by month.

Many locales in the U.S. have defined “seasons” where real estate sales are regular and predictable by month. Hampton Lake has fewer of these predictable times, but we can often count on late Winter/early Spring and mid Summer/early Fall to yield substantial sales activity.

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NATIONAL & LOCAL MARKET SUMMARY

The country is in a solid economic growth pattern and the many markets in growing areas have remained in or have emerged as “Sellers Markets.” National builders saw continued increases in new construction starts and in December the Housing Market Index (HMI) was up from 69 a year ago to 74, a number not seen since 1999. The National Association of Home Builders projects new single family home sales to increase 6.11% and existing home sales to rise by 2.48% this year.

Since last year’s report, the key funds rate experienced 3 Fed increases in March, June and December 2017 raising the rate by .75%. Despite these increases, conforming 30-year fixed mortgage rates remain in the low 4% range. Economists at NAHB are predicting a slight increase to 4.34% in 2018 but rising near 5% in 2019 which would have largerer market effects.

Locally, growth in the Lowcountry continues upward. Hilton Head & Bluffton markets showed positive movement in every metric except Days on Market which was up slightly. Pending and Closed Sales were up year over year by 15.8% and 10.2% respectively. Median Sales Price was up 2.6%. The area’s growth and climate continue to draw people from all over the country. When you combine the increasing appeal and national marketing of the SC Coast with increasing tax burdens on the residents of some of the Northeast states, the demand for real estate in our area should continue moving in a positive direction for some time.

2017 OUTLOOK – HAMPTON LAKE

In Hampton Lake, we expect a strong sales year, but with realization that total sales in 2018 will be lower than the previous two years, and possibly slip under 200 total sales. With available resales near record lows, Phase 3 approaching sellout, and no new builder product lots expected to be ready until the end of the year, available inventory to sell will be a constraint until Phase 4 is released. Everpresent supply and demand pressures will play out differently in each product segment. And while the double-digit percentage growth is possible in some property categories, it should not be expected and more muted upward trend in pricing is possible.

Neighborhood lot/home packages could face both internal and market pressure against big pricing growth to keep increases from moving average prices beyond the middle of the market. Preserve-view lots represent the entry point for custom construction and remain in short supply. These lots should continue to increase in price as demand rises, particularly as building costs also move higher. For lakeview lots, we expect modest increases, wider pricing variation and days on market more dependent on buyer preferences for location and view quality. Resale homes will see varied increases depending on age, type, layout and location. Older homes will face competition with newer resales and custom spec homes, and we should start to see resale listings emerge among K. Hovnanian and Pulte neighborhoods as some of these homes approach 3 years in age.

Altough custom construction may start to see some top level price pressure, new starts will continue briskly. Nearly 90 new homes of all types were under construction or in review as we entered 2018.

As builders continue to deal with rising costs for both labor and materials, we may see a trend towards slightly smaller home submittals and a reduction in expensive options in the low and mid-level custom home segment.

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Hampton Lake Community Association Annual Report 2017

BUILdING SUMMARY

2017 saw the biggest year in our history for home construction at Hampton Lake. While builder spec homes and neighborhood lot/home package starts dominated much of the activity, custom home construction was at an all time high as well. Excellent ďŹ nancing rates continued, as did improved real estate conditions in most national markets. When buyers begin researching a move to the area, we are seeing them moving up their timeframes signiďŹ cantly from prior years. Relating to construction, the previous trend of lot buyers holding properties for the long term seem to be diminishing fast as most look to begin construction within 6-24 months, if not immediately. As 2017 closed out, there were 88 homes under active construction with another 18 in ARB Review. With the homes under active construction, this puts the total dwelling units in Hampton Lake at 654 at the end of the year.

The average custom homes size is up over 90sf on average despite building costs up 10% or more over the last year in many cases.

Hampton Lake Community Association Annual Report 2017

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Hampton Lake Community Association Annual Report 2017

After a 5 year upswing, total lot prices declined sharply this year due to a sell-out of both available product lots for builders and limited retail inventory. But with end user lot sales and prices up, this metric should not concern property owners. The lower number symptom of strong demand for both custom and pre-designed homes and the fact that the time it takes to entitle/develop new lots can be outpaced by demand.

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2017 was the 5th straight year of increasing sales prices for lots, an upward trend ďŹ rst seen in 2012.

Lakeview lots increased 21% year over year, with a stunning increase in 5 years of 222%.

Preserve-view lots, which had the smallest inventory of any product type in the community, were up 24.4% year over year with an increase in 5 years of 240%.

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Hampton Lake Community Association Annual Report 2017

Lakeview lots again held an advantage to preserve-view lots and sold closest to their list price.

The implied discount on Preserve-view lots despite very low inventory may be a result of pushing list prices to higher, untested market limits.

Both lakeview and preserve-view lots (resales) sold dramatically faster than in previous years, with lakeview properties selling an average of 100 days faster and preserve-view 55 days faster than in 2016.

Hampton Lake Community Association Annual Report 2017

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A record 141 Homes were sold in Hampton Lake in 2017. For perspective, this is more homes than were sold in Belfair, Berkeley Hall, Hampton Hall, OldďŹ eld, and Palmetto Blu combined.

Pre-designed neighborhood home sales continue to sell strongly with price points in the heart of the market. Excellent spec home and resale listings helped push the number to this record level.

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Hampton Lake Community Association Annual Report 2017

Since 2012, home prices were up until last year, when overall home prices dipped due to the lower prices of neighborhood homes and lack of other inventory. Fortunately, prices for all homes regained an upward trend in 2017. This increase combined with new spec inventory and a number of newer resale homes on premium lots helped push average prices for homes up 5% on lakeview and 2% on preserve-view properties.

Hampton Lake Community Association Annual Report 2017

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The 5-year home price trend for resales excludes lot/home package and predesigned builder homes.

Average pricing overall rose strongly by 7.2%. Individually, the preserve-view home average was up 1.8% and lakeview homes up an impressive 7.2%. Larger homes, higher construction prices, and a number of impressive lakeview homes that hit the market helped averages push higher this year.

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Resale & custom spec homes took a higher percentage of the total in 2017, up from 40% a year ago but still outsold by predesigned lot/home packages.

Hampton Lake Community Association Annual Report 2017

81 lot/home packages were sold in 2017, 12 more than in 2016. K. Hovnanian sold over 75% of these between the Lake Bluff/Foxpath neighborhood and now sold-out Arbors area. Pulte ended their presence here with the sale of all 8 remaining homes. Logan ramped up their Lakeside Collection near the Lakeside Amenity Center early in the year and the Parkside Cottages at Crystal Lake were released in the Fall.

Oriented with lake views, Logan’s Lakeside Collection and Parkside Cottage neighborhoods sold for the highest average for pre-designed lot/home packages. Pulte and the larger K. Hovnanian plans increased in average price this year by 4.7% and 5.4% respectively.

Nearing sellout, Dreamfinders and The Arbors areas went down as they sold the remaining, least popular floorplans.

Preserve-view homes held their value a modest 1.3% more on average than lakeview homes when comparing list price to sale price.

Preserve-view homes held their value a modest 1.3% more on average than lakeview homes when comparing list price to sale price.

Hampton Lake Community Association Annual Report 2017

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Hampton Lake Community Association Annual Report 2017

financial report for 2017

Audit of HLCA 2017 financials is being prepared by Lisa T. Wechsler, CPA,

CFE with Crowley Wechsler & Associates LLC. When completed, the audit

report will be published and available to all members as a separate report.

Detailed 2017 End of Year and 4th Quarter financial reports are available on the HLCA web site.

The 2017 financial reports contained herein were prepared by the HLCA Club Controller, Brenda Matthews.

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HAMPTON LAKE COMMUNITY ASSOCIATION, INC. Bluffton, South Carolina Financial Statements

For the Year Ended december 31, 2017

46

Contents

PAGE

HLCA Treasurer’s Statement

47

Condensed Statement of Financial Condition

48-49

Condensed Statement of Activities

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Hampton Lake Community Association Annual Report 2017

HAMPTON LAKE COMMUNITY ASSOCIATION, INC. Treasurer’s Statement March 6, 2018 RE:

2017 End of Year Condensed Comparative Statement of Financial Condition and Condensed Comparative Statement of Activities

To the best of my knowledge and belief, the attached financial statements for 2017, were prepared on

the basis of generally accepted accounting principles and are true and correct reports of Hampton Lake Community Association’s finances.

Brenda Matthews

Brenda Matthews Club Controller Hampton Lake Community Association

Chris England

Chris England Treasurer Hampton Lake Community Association

Hampton Lake Community Association Annual Report 2017 2015

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Hampton Lake Community Association, Inc. Condensed Comparative Statement of Financial Condition As of December 31, 2017 ASSETS

Dec 31, 2017

Dec 31, 2016

Total Checking / Savings

765, 261 1,501,880 254,583 16, 906 807,870 3,122 910 ____________ 3,350,532

349,535 624,719 332,382 9,238 637,289 0 1,910 ____________ 1,955,074

Total Accounts Receivable

1,363,111 1,609 (84,829) ____________ 1,279,891

1,169,359 22.099 (208,522) ____________ 982,936

Total Other Current Assets

47,142 28,987 16,826 ____________ 92,954

35,532 24,570 11,728 ____________ 71,829

Total Fixed Assets

5,367,194 (324,194) ____________ 5,043,001

229,119 (21,465) ____________ 207,655

Total Other Assets

16,223 ____________ 16,223

12,950 ____________ 12,950

Current Assets Checking/Savings Operating & CC A/C Capital Reserve Working Capital ICS – MM – Escrow Dok/Blkhd Svc ARB Refundable Deposits Vacation Short Term Rental Svc Other Misc. Cash Accounts Accounts Receivable Accounts Receivable - Members Accounts Receivable – Other Reserve for Bad Debts

Other Current Assets Prepaid Expenses Inventory – Food & Beverage Inventory – Merchandise Total Current Assets

Fixed Assets Property, Plant & Equipment Accumulated Depreciation

Other Assets Deposits & Prepaid Expenses

TOTAL ASSETS

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Hampton Lake Community Association Annual Report 2017 2015

4,723,377

$9,782,600

3,009,839

$3,230,443

Hampton Lake Community Association, Inc. Condensed Comparative Statement of Financial Condition As of December 31, 2017 LIABILITIES & EQUITY

Liabilities Current Liabilities Accounts Payable Gratuities Payable Prepaid Packages-Tennis/Fitness Gift Certificates Outstanding Prepaid Gatehouse Decals Taxes Payable – Other Due to Buckwalter POA Due to Working Capital Due to Lake Maintenance Corp Event Deposits Due to Vac Townhome Assoc ARB Compliance Deposits Deferred Svc Area Assessments Deferred Maintenance Expense Deferred Revenue – Member Dues Deferred Revenue – Other Deferred Storage Fees Payroll Liabilities Deferred COA Assessments Deferred Maintenance Fees Total Current Liabilities

Dec 31, 2017

Dec 31, 2016

171,873 254 24,064 8,923 11,965 4,017 4,463 254,985 0 8,189 3,736 807,585 15,000 30,000 406,240 0 1,000 3 2,638 862,286 4,075 ____________ 2,651,292

340,906 0 13,648 13,401 16,708 23,386 0 159,308 2,825 28,601 12,939 637,250 16,500 0 304,511 649,713 0 19,183 0 0 ____________ 2,238,878

Total Liabilities

$2,651,292

$2,238,878

Total Equity

4,926,210 1,923,325 0 281,773 ____________ $7,131,308

0 805,144 137,219 49,201 ____________ $991,564

Equity Capital Contribution Member’s Equity Unrestricted Net Assets Net Income

TOTAL LIABILITIES & EQUITY

$9,782,600

$3,230,443

Hampton Lake Community Association Annual Report 2017 2015

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Hampton Lake Community Association, Inc Condensed Comparative Statement of Activities January through December 2017 INCOME

Jan - Dec 17

Jan - Dec 16

Net Member Dues and Fees

1,015,523 2,144,790 139,125 234,000 (499,148) 280,750 161,483 ____________ 3,476,523

882,611 1,869,183 70,125 206,000 (425,495) 297,450 108,050 ____________ 3,433,419

Net Food & Beverage

498,974 219,656 284,900 (418,304) (550,232) 144,363) (277,220) ____________ (386,589)

379,092 126,857 218,486 (316,565) (519,699) (122,371) (227,639) ____________ (461,839)

Total Fitness Center & Pool Complex

146,378 (246) (5,414) (246,469) (250,599) ____________ (356,350)

130,958 (268) (7,478) (225,978) (281,105) ____________ (383,871)

Total Boathouse

74,829 (23,731) (106,008) (84,005) ____________ (138,915)

67,077 (24,732) (94,665) (127,345) ____________ (179,665)

Member Dues & Fees Membership Dues Income Membership Fees Income Working Capital Fees Community Enhancement Fees Transfer to Capital Reserve ARB Fees Other Income

Food & Beverage F & B ala Carte Revenue F & B Events Revenue F & B Private Party Revenue F & B Cost of Goods Sold Payroll & Benefits Contract Services Other Expenses

Fitness Center & Pool Complex Revenues Cost of Goods Sold Payroll & Benefits Contract Services - Mgt. Contract Other Expenses Boathouse Revenue Cost of Goods Sold Payroll & Benefits Other Expenses

Gatehouse Net Income Community Services Net Expense Membership Services Net Expense Lakehouse Net Expense

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Hampton Lake Community Association Annual Report 2017 2015

143,355 (1,170,027) 0 (40,809)

72,105 (1,074,922) (25,828) (55,572)

Hampton Lake Community Association, Inc Condensed Comparative Statement of Activities January through December 2017

Townhome Rentals Net Income Capital Improvements Expense Total Income

EXPENSE General & Adm. Expense Total Expense

NET INCOME

Jan - Dec 17

Jan - Dec 16

1,250,720

858,928

5,305 0 ____________ 1,532,493

1,250,720 ____________

281,773

9,797 0 ____________ 908,129

858,928 ____________

49,201

report design & layout by

Hampton Lake | kelsey-creative.com Hampton Lake Community Association Annual Report 2017 2015

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