Summit Greens Residents Association, Inc. 

 

Rules and Regulations

For Summit Greens Recreational Facilities,

Activities & Satellite Club Procedures

 

Effective October 19, 2006


TABLE OF CONTENTS

 

Chapter One – Recreational Facilities Rules and Regulations ............................................... 1

            Definitions, Conduct, General Operating Rules............................................................ 2

            Use of the Clubhouse....................................................................................................... 3

            Computer Room Rules.................................................................................................... 4

            Card Room Rules............................................................................................................ 4

            Billiard Room Rules........................................................................................................ 4

            Craft Room Rules............................................................................................................ 5

            Swimming Pool and Spa Rules........................................................................................ 5

            Use of the Softball Field.................................................................................................. 6

            Use of the Tennis Courts................................................................................................. 6

 

Chapter Two – SGRA Activity Council By-Laws...................................................................... 7

 

Chapter Three – General Activities/Event Information............................................................ 9

 

Chapter Four – Event Committee Guidelines.......................................................................... 10

 

Chapter Five – SCRANIC Activities/Clubs Financial Policies............................................... 12

 

Chapter Six – SGRA Activities Financial Data Entry Procedures......................................... 14

 

Chapter Seven – SGRA Sales Tax Procedure......................................................................... 17

 

Chapter Eight – Establishing and Official SGRA Satellite Club............................................. 18

 

Chapter Nine – Membership and Satellite Club Operation.................................................... 20

 

Chapter Ten – Fees and Charges............................................................................................. 26

 

Appendix A – Waiver of Liability and Hold Harmless Agreement......................................... 27

 

Appendix B – SGRANIC Forms............................................................................................... 28

            SGRA-1 Application for SGRANIC Satellite Club Status.......................................... 29

            SGRA-2 Initial Membership Roster............................................................................ 30

            SGRA-3 Sample of Club By-Laws................................................................................ 31

            SGRA-4 Quarterly Participation Report...................................................................... 36

            SGRA-5 New Club Officers.......................................................................................... 37

            SGRA-6 Master Calendar............................................................................................ 38

            SGRA-7 Event Budget Worksheet............................................................................... 39

            SGRA-8 Check Request Form..................................................................................... 40

            SGRA-10 Club Revenue and Expense Report............................................................ 41

            SGRA-11 After Action Report...................................................................................... 42

            SGRA-12 Offer to Donate Equipment/Furniture......................................................... 43

            SGRA-13 Incident/Accident Report............................................................................. 44


SUMMIT GREENS RESIDENTS ASSOCIATION, INC.

 

CHAPTER ONE

RECREATIONAL FACILITIES RULES AND REGULATIONS

 

Introduction

 

The Summit Greens Resident Association Rules and Regulations (the “Rules and Regulations”) are established by the Board of Directors of the Summit Greens Residents Association, Inc., (the “Association”) under the authority described in the Association Governing Documents, including, but not limited to, the Articles of Incorporation, Bylaws and Amended and Restated Declaration of Protective Deed Restrictions and Covenants for Summit Greens (“Declaration”). These Rules and Regulations are established for the common areas and recreational facilities (herein collectively referred to as “Recreational Facilities”) of Summit Greens (“the Community”) for the well-being, convenience and enjoyment of the Association's Members (as defined in the Declaration) and their guests/visitors.

 

While all Members are entitled to enjoy the Recreational Facilities, they must do so while respecting the rights of others sharing in the use of the Recreational Facilities. The Community is very special in that it has an age restricted membership intended to provide housing primarily for persons 55 years of age or older. The use of the Recreational Facilities is primarily for the enjoyment of the Members of the Association. Guests/visitors are accommodated only when such accommodation does not infringe upon the convenience or right of enjoyment of the Members. Furthermore, while every effort is made to provide comfortable use of the Recreational Facilities by all Members and guests/visitors, the Recreational Facilities are not intended to serve the general public, and therefore may not be identical to those available in public accommodations.

 

Authority

 

The authority granted to the Board of Directors to make and enforce such Rules and Regulations, as the Board of Directors deem reasonable and appropriate, is provided in the Bylaws and Declaration and any amendments thereto. The Rules and Regulations made by the Board of Directors shall be binding upon all residents, occupants, guests/visitors and licensees, if any.

 

The Declaration requires Members to comply with the rules, regulations, and sets forth the right of the Board of Directors to suspend Members' rights, and the right of the Association to charge reasonable admission fees. The Association's enforcement remedies include, but are not limited to, the following:

 

1)      The right of the Association to levy reasonable monetary fines

 

2)   The right to suspend the Members' right to use Recreational Facilities






 


Definitions

 

Resident  – Persons who legally reside in Summit Greens either as an owner of record in simple fee, and pays association and is subject to association fees and assessments and is current in said assessments and fees is recognized as the owner of record. Therefore, if said owner in simple fee rents the home, then the renter has the rights to use of the clubhouse facilities.  Any other adult members of the household who are authorized with proximity card and SGRA identification are also entitled to use of the clubhouse and recreational facilities.

 

Guest – Person or persons who are houseguests, are staying overnight for one or several days in the residents home or local hotel.

 

Visitor – Person or persons who visit for the day.

 

Conduct

 

1.         Residents and/or guests/visitors must conduct themselves so as not to jeopardize or interfere with the rights and privileges of other residents or guests.

2.         All guests/visitors must me accompanied by the sponsoring resident who will remain at the recreational facilities at all times while guests/visitors are using the recreational facility.

3.         Residents and guests/visitors will refrain from loud, indecent or abusive language.

4.         Residents will be held responsible for any damage to Association Property, caused by them or their guests/visitors.

5.         Proper dress and footwear is required in all facilities. No wet swimsuits allowed in the clubhouse.  Dry swimsuits allowed only with proper cover-up, no bare chests or bare feet in the clubhouse. 

6.         Residents who conduct themselves in an unbecoming manner, or who violate Association rules are subject to disciplinary action including suspension of resident privileges, use of all clubhouse and recreational facilities, and/or fines.

7.         All residents must have their valid Summit Greens ID prominently displayed or readily accessible when using all clubhouse and recreational facilities. 

8.         Security will direct guests or residents to leave the facility due to rules violations. Security also has the authority to notify the local police if a resident and/or visitor refuse to leave the premises.

9.         All guests/visitors under 12 years of age must be under adult supervision at all times.

 

General Operating Rules

 
Use of Recreational Facilities

Use of all Summit Greens recreational facilities are reserved for residents.

 

Assumption of Risk

All use of the Clubhouse facilities and all participation in activities is purely voluntary. Correspondingly, the nature of all Clubhouse activities potentially involves some personal or physical risk on the part of the participant. Activity participation by a resident or guest/visitor is therefore interpreted as an acknowledgment and acceptance of the inherent risks. A Waiver of Liability and Hold Harmless Agreement may be required for certain events or classes. (See Exhibit 1).

 

Hours of Operation

The Clubhouse and Fitness Facilities will open at 6:00 a.m. and close at 11:00 p.m. each day

(with the exception of New Years Eve).

 

Pools and spa are closed from dusk to dawn. (Florida Statute 64E-9.006 (2) 3 (c) 1)

 

Dawn is considered one half hour after sunrise and dusk is considered one half hour before sunset. (Florida Statute 64E-9.0008 (8))

 

Smoking Policy

The Clubhouse is a smoke-free environment. Smoking is prohibited in the Clubhouse and Fitness Facility. Smoking is permitted in designated areas, which are the covered walkways and the covered gazebo.

 

Alcohol Policy

Alcoholic beverages may not be sold at any activity using the Summit Greens Recreational Facilities. All events/activities will be BYOB (Bring Your Own Bottle).

 

Animals

No animals allowed in Summit Greens Recreation Facilities with the exception of service dogs.

 

Classes

All classifications of instructors (fitness, personal trainer, crafts, art, etc.) may not utilize Summit Greens facilities to engage in any financial enterprise, without permission from the Social Director. Instructors must restrict their student base to residents and their guests. If an instructor happens to be a resident, the same rules apply as to outside instructors – guests may only be accompanied by a resident, not an instructor. The instructor will submit an application for all classes to the Social Director for approval. Each student will be required to sign a Waiver of Liability and Hold Harmless Agreement (Appendix A). Signed waivers will be collected by the instructor and given to the Social Director.

 

Defibrillator is located in the ballroom near the hallway door.

 

Emergency Telephones are located in:

Lobby of Clubhouse (proposed)

Indoor-pool

Fitness Center lobby


Use of the Clubhouse

 

Fitness Center Rules

1.      Persons under the age of 18 are not permitted in the fitness center, fitness bathroom, or sauna.

2.      Persons are advised to consult a physician prior to engaging in exercise activity.

3.      Appropriate fitness apparel is required including upper body garments and proper footwear.  Sandals, shower shoes, and street shoes are not permitted while utilizing fitness equipment.

4.      During peak times (when persons are waiting to use equipment) the use of cardiovascular equipment is limited to 30 minutes.

5.      Food and beverages are not permitted in the Fitness Center with the exception of bottled water in a plastic container.

6.      Residents and guests must wipe down equipment after each use.

7.      Portable equipment must be returned to its proper location.

8.      Portable stereo equipment is permitted only with the use of personal headphones.

9.      TV sound must be kept off and personal headphones should be tuned into the frequency posted on each TV.

10.  Televisions and lights will be turned off when not in use. 

 

Computer Room Rules

1.  The computer room is restricted to residents only.

2.   Computers may be used during normal Clubhouse hours.

3.      No one under the age of 18 is permitted in the computer room.

4.      Searching and/or downloading of pornographic material is strictly prohibited. Residents guilty of this practice will lose Computer Room and/or recreational facility privileges.

5.      When the computer room is reserved, residents must wait to use the computers.

6.      There is no food or drink allowed in the Computer Room.

7.      Do not store any information on the hard drives.  Any data, new software, or configuration changes stored on the hard drive will be erased without notice.

8.      Store all personal information on a CD or 3 ½” diskette.

9.      All computers will remain powered on all day.  Do not shut down the computer when finished.

10.  Computer use is limited to 45 minutes when others are waiting.

11.  Lights will be turned off when computer room not in use.

 

Card Room Rules

1.      No one under 18 years of age may participate in adult card games.

2.      Gambling of any type is not allowed unless all proceeds are distributed as prizes at the time of the game.  (It is against Florida Law to conduct these activities for profit).

3.      Chips should be used when playing poker.

4.      Residents and their houseguests only may use Card Rooms during scheduled functions. Visitors will not be permitted to participate in scheduled functions in the Card Rooms.

5.      Lights will be turned off in Card Rooms when not in use.


Billiard Room Rules

1.      No one under the age of 18 is permitted in the Billiards Room.

2.      Sitting on the tables is prohibited.  All shots must be performed with at least one foot on the floor at all times.

3.      Play is limited to 3 games when individuals are waiting to use the tables.

4.      No food or drink on or around the billiard tables.

5.      Return balls, cue sticks, and chalk to their proper place at the conclusion of play and brush the tables.

6.      Lights will be turned off when billiard room not in use.

 

Craft Room Rules

1.       The use of the craft room is only for the residents and guests.

2.      Instructor will insure craft room is cleaned up at the conclusion of each class.

3.      Lights will be turned off when craft room is not in use.

 

Swimming Pool and Spa Rules

1.      The pool and spa are open from dawn to dusk. (Florida Statute 64E-9.008 (8))

2.      Lifeguards are not provided.  SWIM AT YOUR OWN RISK.

3.      Shower before entering pool or spa. (Florida Statute 64E-9.008 (7) 4.)

4.      No toys or balls allowed at any time in the pool or pool area. No bicycles, tricycles or any other riding wagon, scooter or other recreational vehicle are permitted or can be ridden in the pool are or clubhouse facility. An electric personal assisting mobility device for a disabled person may be used in these areas.

5.      No person using incontinent products and/or children in diapers or “swimmies” allowed in the pool or spa. Children under the age of three not allowed in the pool.  All children over the age of three must be fully potty trained.

6.      No food or drink allowed in pool, spa or on pool deck (pool deck is defined as eight feet from edge of pool or spa). Plastic water bottles are allowed on the pool deck during organized exercise classes only. (Florida Statute 64E-9.008 (7) 1.) 

7.      No glass container of any kind is permitted outside the clubhouse, especially in the pool and gazebo area. (Florida Statue 64E-9.008 (7) 1.)

8.      Sound producing equipment will not be permitted with the exception of Activities Director sponsored activities.  Personal sound equipment may be used with headphones.

9.      Do not exceed a 15-minute time limit in the Spa at any given time. (Florida Statute 64E-9.010 (14) (d))

10.  No children under the age of 12 allowed in the spa. Children under age 18 must have adult supervision.

11.  Pregnant women and those on medication should consult a doctor before using the spa. (Florida Statute 64E-9.010 (14) (c))

12.  Maximum spa temperature is 104 degrees F. (Florida Statute 64E-9.010 (14) (a))

13.  There are no reservations for lounges, chairs, or tables.

14.  NO DIVING, jumping-in, cannon balls, running, or horseplay is permitted.

15.  No floating devices allowed in the pool except for two (2) noodles per person, noodles with net seats, and water aerobics equipment.

16.  Children that are non-swimmers must have adult supervision with them at arms reach in the pool at all times.

17.  The swimming pool and spa must be cleared at first indication of thunder or lightning.

18.  No portable pools allowed.

19.  Only personal flotation devises (life vests) approved by the U.S. Coast Guard are permitted for use in the pool.

Use of the Softball Field

 

The softball field is reserved for scheduled softball games, scheduled team practice, and field maintenance.  Residents and their guests/visitors may use the softball field when not reserved.  Field reservations are to be made with the Social Director.

 

Use of the Tennis Courts

 

Rules

1.      All resident guests utilizing tennis courts must be signed in on tennis courts guest log. The sponsoring resident must accompany the guest at all times while on Tennis Courts.

2.      Reservation Policy:  Summit Greens Leagues, Groups, and Special Events will have reserved courts. Please check bulletin board for specific information on day/times/courts/format and restrictions of leagues, groups and special events.  Two (2) courts (#’s 5 & 6) must be available for resident play only at all times.

3.      Rotate In Policy:  Players should not expect to "rotate in" unless a league, group and/or individuals specifically include a "rotate in" policy in their format of play.

4.      Appropriate tennis attire and tennis shoes for clay/soft courts are required of all players.

5.      All tennis players must bring their Summit Greens resident's badges to the courts.

6.      Residents using tennis court lights must turn off the lights (at the timer) before leaving the courts.

7.      Children must be at least 14 years of age (minimum) to play on tennis courts and accompanied by a resident.

 

Court Courtesies

1.      No smoking in the tennis court facility.

2.      All litter must be placed in the proper receptacle.

3.      Courtesy and tennis etiquette is required of all players. Players will refer to USTA "The Code" for guidance.

4.      Gates will be closed after entering or leaving court area.

5.      Use the tennis shoe baths to remove Har-Tru particles before leaving the court area.

6.      Players should use fence gates to enter an outside court and not cross through another court during match play. 

7.      Cell phones should be kept off when players are on court.

 
Information

1.      Courts are "open" for play between 8 a.m. and 10 p.m. daily. Courts are off limits during watering or when wet from rain. The courts must be sufficiently dry before play is resumed or the courts will be damaged. Please check bulletin board for current watering times.

2.      Courts reserved for tournaments/leagues/groups/clinics usage will be posted 30 days in advance.

 

 




CHAPTER TWO

SGRA ACTIVITY COUNCIL BY-LAWS

 

ARTICLE I - General

 

A.  NAME:  Summit Greens Residents Association, Inc., Activity Council

 

B.  PURPOSE:  Plan and coordinate the social activities and manage the entertainment calendar for the SGRA Clubhouse. The Council will also consolidate the various Satellite Clubs’ activities within that calendar year in order not to have conflicts.    

 

C.  These by-laws willfully comply with the Summit Greens Residents Association, Inc. (SGRAINC) by-laws, clubhouse rules and regulations and procedures.  In the event of a conflict between these by-laws, the governing documents of the SGRAINC shall prevail.

 

ARTICLE II – Membership

 

Membership shall be open to all members in good standing with the SGRAINC.

 

The initial process to establish this Activity Council is to be completed by November 20, 2006 and the members will take office effective December 1, 2006 for a term not to exceed 13 months.  The selection procedure is set forth in Article V of these by-laws.

 

ARTICLE III – Officers

 

A.  The Activity Council will have a minimum of chairman, vice-chairman, treasurer and secretary, appointed by its members. 

 

B.   Term of Office.  The officers will serve a term of one year from January 1 to December 31.  If a member needs to be replaced for any reason, the Social Director will submit to the BOD a nominees name to complete that term of office. 

 

ARTICLE IV. – Meetings

 

Meetings shall be held monthly, (time and days to be determined) if a council member misses three consecutive meetings, he/she may be removed from the committee

 

ARTICLE V. – Committee Selection Procedure

 

A Search Committee will be formed consisting of four Directors and the Social Director for the purpose of creating a new Activity Council for the forthcoming year’s activities at Summit Greens.

 


1.      An announcement will be posted via mass email, the Summit Times, Funatthesummit.org and on the bulletin boards looking for Activity Council candidates, starting September 15th of each year.

 

  1. Any full-time resident/owner of Summit Greens in good standing with the HOA may apply via resume indicating past experience; their experience at Summit Greens and why they desire to be on the committee.  

 

  1. The Search Committee will screen and interview all applicants.

 

  1. By November 30th, the Search Committee will submit to the Board of Directors the nine selectees for the Activity Council.

 

  1. The new Activity Council will take effect January 1st.

 

  1. This procedure will be repeated each year from September to November 30th, and a new Activity Council will take office January 1st. 

 

  1. The Activity Council will select its Chairperson, Vice Chairperson, Secretary, and Treasurer.

 

  1. Activity Council members may apply to serve consecutive years, however, there must be a rotation of at least six new members each year.  Membership may be terminated if three successive meetings are missed.   

 

 

 

 

 

 

 

 

 

 


CHAPTER THREE

GENERAL ACTIVITIES/EVENT INFORMATION

 

1.  Authority:

 

a.       The AC will report to the Social Director (SD). The SD will attend all Activity meetings, which will be held once monthly. The AC will review and recommend any changes to the activities procedures to the SD, who in turn will make the recommendation to the Board of Directors. The AC will also review suggestions/plans from sub-committees requesting to utilize Activity funds for the betterment of the clubhouse and make recommendation(s) to the Board of Directors. For example spending funds to purchase drapes or stage curtains in the clubhouse ballroom (fixed assets).

 

b.      The AC has established SGRAINC Event Guidelines and Budget Worksheet and a member will act as liaison to each Event Committee to ensure that these guidelines are followed for all SGRAINC and Official Club events.  

 

2.  Responsibilities:  The Associations’ Social Director (SD) is responsible for coordinating and implementing the rules, regulations, and procedures for all SGRAINC events, SGRAINC Official Clubs, allocating facility space and assisting with all club matters of interest. The SD must coordinate with Association Management Co., the request for help in set-up and clean up for all SGRAINC events.


CHAPTER FOUR

EVENT COMMITTEE GUIDELINES

 

·        A member from the activities Council will sit in on the first committee meeting for all SGRAINC-sponsored events to introduce Event Guidelines.

·        Select a chairperson and treasurer

·        As a group, decide on date (per Social Director), type of entertainment (if not already set), theme, decorations (no decorations may be taped, thumb-tacked, etc. to any walls or shutters in Ballroom)

·        Decide on the price for the event (Use Event Budget Worksheet, SGRA-8 (Appendix C)).

o       Price is set per person

o       The goal is to cover all costs listed on budget worksheet, including sales tax, and a substantial profit

·        Decide on reservation sale date (minimum of four to six weeks from event), deadline for sale of tickets, the number of people that may attend, room layout, table reservations, or open seating

·        Table seating is for eight (8) persons only.  Due to fire regulations, tables may not be pulled together blocking aisles.

·        Designate committee members for handling food, decorations, and door greeter

·        Choose dates and times for further planning meetings prior to the event

·         Clean up after the party.  Committee is responsible for making sure the event room is thoroughly cleaned and back to the pre-event condition. Cleaning will be at a cost as shown on budget worksheet.  If you do not wish to pay cleaning costs, the Event Committee is responsible for the following:

·        All committee members purchase tickets to the events, even if they are working on and/or participating in the event.

·        The Social Office will advertise the event in the newsletter, on Channel 17, Bulletin Boards, and via mass email.  Committee members are welcome to prepare the flyers or articles and email them to the Social Office for distribution.

·        A committee member will drop off the linen tablecloths (if used) to English Cleaners (across from Burger King by Dollar General) to be “washed, dried, and folded” within a day or two of the event.  A committee member will pick up cleaned linens and must bring the paid receipt to the Social Office.

·        All contracts must be signed by the President, SGRA Board of Directors

·        All event reservations are limited to SG residents only.  Two (2) weeks prior to event, the ticket sales may be opened to non-residents for all remaining tickets.  Two-thirds (2/3) event participation must be Summit Greens residents.

·         The committee is responsible for returning all items used to the Supply Closet.

 

Duties of Event Chairperson: 

Maintain the party-planning file, keep SD updated on changes or required assistance on event, make sure everyone on committee is assigned a job, hold a wrap-up meeting after the event and turn in “Suggestions for Next Time” into the office with party file.

 

Duties of Event Treasurer: 

Treasurer will visit the Social Office once or twice a week to collect the reservation checks (NO CASH, NO EXCEPTIONS), log the names on the appropriate sheet and ensure checks and seating chart is in agreement.  Treasurer will maintain copies of log sheets weekly and update the SD on status.  The SD will make deposits.  Treasurer will keep accounting of incoming and outgoing money.  The original receipts for reimbursement, along with the Check Request Form, SGRA-9 must be approved by the Event Chairperson and then given to the SD for processing. Check will be processed within 7 days, depending upon the end of the month.


CHAPTER FIVE

SGRAINC ACTIVITIES/CLUBS FINANCIAL POLICIES

 

1.      Purpose:  To establish financial procedures to be followed by all clubs, activities and/or events which are conducted at Summit Greens.

 

2.      Definitions:

 

a.       Activity Council (AC):  a committee selected by a BOD Search Committee and directed by the employed SGRAINC Social Director (SD).

 

b.      General Activities Fund:  The bank account, which is used for revenues and expenditures produced by SGRAINC activities/events.

 

c.       Satellite Club:  Any SGRAINC official Club that operates outside the direct control of the SD must use the SGRAINC approved bank and SGRAINC Federal Tax ID number. Clubs not using SGRAINC Federal ID number will not be recognized as a satellite club and cannot use SGRAINC facilities Clubs such as the Tennis club; Softball Club; Red Hat Society Club; and the Latin-American Club are examples of a Satellite Club.

 

d.      Event Committee:  Committees appointed by the SD to conduct a specific event for the SGRAINC community at large.

 

c.       Finance Committee:  A sub-committee of the AC responsible to establish and monitor financial procedures to be followed by all elements of the SGRAINC community related to the social and recreational functions. To further ensure that all clubs and the general fund adhere to all legal requirements.

 

3.      Procedures:

 

a.       Checks issued by the Activities General Fund require two signatures, one by the SD and the other by a member of the AC. Additional signatures can be the HOA President or the HOA Treasurer.  Checks issued by a SGRA Satellite Club require two signatures, one by the President/Chairperson and one by the Treasurer.  The SD must be placed on satellite club bank account as an additional check signer, when President/Treasurer not available. 

 

b.      All requests for checks for the Activities Fund must be submitted on the form shown in Check Request Form, SGRA-9 (Appendix C).  The Event Chairperson must approve this form before being submitted to the SD. All requests for checks from a Satellite Club Account must be submitted on the Check Request Form, SGRA-9 (Appendix C)

 

c.       All satellite clubs will provide the SD with a monthly profit and loss statement no later than the 10th of the month following the month of record.  Club Revenue And Expense Report, SGRA-10 (Appendix C) will be used for the monthly profit and loss statement.

 


d.      All satellite clubs will turnover all financial records for annual audit to the SD no later than the 5h of the month following the end of the 4th quarter ending December 31st.

 

e.      All satellite clubs using SGRA INC. Federal ID# will turnover all revenues by December 15th of each year (the club will retain $50.00) to the Activities Reserve Account.  The club’s remaining balance of membership dues revenue will be returned to the club in the month of January of the new year. 

 

f.        All satellite clubs must convert their accounting system to QuickBooks Pro software and standardize Board of Directors (BOD) Chart of Accounts. The club treasurer can enter the data into the system by appointment.  If a club does not convert to this system, it will be billed at the rate of $35.00 per hour for the Activity Bookkeeper’s fee to do the books on the QuickBooks Pro Program.

 

g.       All events, which produce monies for or receive monies in support from the General Fund, must post an After Action Report, SGRA-11 (Appendix C) showing profit and loss within 10 working days following the event. The report must be posted a minimum of ten days on the appropriate clubhouse bulletin board. It will then be removed by the SD and annotated to reflect the days of posting and then made part of the permanent records file of the SGRAINC.

 

h.       Florida Sales Tax, as required by Florida Department of Revenue for events and Activities held at Summit Greens is 7% of total income (before expenses). Monthly reports from the satellite clubs must include total income generated by an event and copies of all receipts in which sales tax was paid. Indicate the sales tax paid on any event and place in required column on form. The SD will pay the Florida Sales Tax quarterly out of the general Activity fund and will invoice the Satellite Club it sales tax obligation no later than the 20th of the first month after the quarter. Satellite Club will forward a check payable to SGRAINC to the general Activity fund for invoiced tax obligation.

 

4.      Capital Expenditures: A Capital Expenditure is defined as any permanent asset requiring inventory control.

 

a.       Requests for monies to purchase items to enhance the recreational and social environment will be submitted to the AC using the format shown on  (Appendix C).

 

b.       The AC must approve all capital expenditures and will make the recommendation to the Board of Directors.

 

c.       Requests for capital expenditures not approved will be returned with a statement of reasons for denial.

 

d.      All capital items procured become the property of SGRA, Inc.

 

5.      Audits:  Annual audits and necessary reports will be conducted by the Management

Company.

CHAPTER SIX

SGRA ACTIVITIES FINANCIAL DATA ENTRY PROCEDURES

 

Open QuickBooks Pro.

 

Go to Banking.  The Florida Choice Bank Activities Account with open.

 

Collect the following from the SGRA Activities Director:

            SGRA Deposit Slip Book

            SGRA Check Book and related receipts.

 

Processing Deposits:

·        Make two copies of each check to be deposited.

·        File out deposit ticket noting the Event Name and Job Number

·        Make two copies of the deposit slip.  Attach one to the each set of copied checks.

·        Place one set of copied items into the Monthly Deposit file and the other copied set into the Event File.

·        In QuickBooks Pro under Banking go to deposits and enter the deposit date.

·        Enter 1001 – Florida Choice into the Deposit To:

·        In the Received From column put in the Event in which the deposit is being made for.

·        In the From Account column put in the Income Account number from which the deposit came from (i.e. 4050 Sales or 4070 Services)

·        In the Memo column tell where the deposit is coming from (i.e. Newsletter, Residents, etc.)

·        In the Check number column place the number of tickets sold if it is from an event.

·        In the Payment Method column put in the method of the deposit.

·        In the Class column put in the job class number that has been assigned to the event.

·        In the Amount column put in the amount of the deposit being made.

·        Save and Close

·        Add Deposit Amount to the Checkbook Register

 

Processing Disbursements: 

·        Complete a SGRA Check Request Form.

·        Attach the bill / invoice to the voucher making sure that you have the Event name and or job number on the bill / invoice.

·        Give the completed SGRA Check Request Form to the SGRA Activities Director.

·        Disbursements will then processed in a timely manner.

 

Bank Reconciliation:

·        When the monthly bank statement from Florida Choice Bank is received (usually by the 10th day of the following month) the reconciliation takes place.

·         The bank statement is reviewed checking off the deposits and checks written in both the checkbook and in QuickBooks Pro.

 

·        On the back of the bank statement follow the instructions as to how to do the reconciliation.

·        Check balances to the checkbook and QuickBooks.

 

Journal Entries

Are made monthly to:

·        Correct any errors

·        Close an event/job

·        Accrued Quarterly Tax Expense

 

Event/Job Numbers

·        Each event will be assigned a job number in order to track income and expenses for each event.

·        Examples of job number are as follows:

 

                        JOB#                           EVENT NAME

601                                          2006—Classic Pizzazz

602                                          2006—Chinese New Year

603                                          2006—Friday Night Social

604                                          2006—Pinnacle Block Party

605                                          2006—Red Hat Valentine Dance

606                                          2006—Newsletter SD Proceeds

607                                          2006—Mardi Gras Parade and Ball

608                                          2006—Sunshine Club

609                                          2006—New Years Eve Casual

 

Closing Out an Event/Job

·        Events/Jobs will be closed out 45 days after the event with the exception of to all events In reply to December.

 

Monthly Reports:  Monthly reports are to be run from QuickBooks and placed in the hanging file of the bottom file. Reports to be run are:

·        Consolidated Balance Sheet

·        Consolidated Profit & Loss

·        List of Deposits

·        List of Checks

·        All Journal Entries

 

Quarterly Reports:  Quarterly reports are to be run from QuickBooks and placed in the white binder labeled “2006 SGRA QuickBooks.” Reports to be run are:

·        Consolidated Balance Sheet for the Quarter

·        Consolidated Profit & Loss for the Quarter

·        List of Deposits for the Quarter

·        List of Checks for the Quarter

·        Unclassified Profit & Loss for the Quarter