annual report
2018
Hampton Lake Community Association Post Office Box 3278 | Bluffton SC 29910
COMMUNITY ASSOCIATION BOARD OF DIReCTORS
John Reed
Chris england
Rich DelCore
Ali Seabaugh
Barry Fiebert
Whitney Brown
Michael Crom
Chris Lewis
Monte Leath
OFFICeRS
Rich DelCore President
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Pratt Reed Vice President
Ali Seabaugh Secretary
Fred Chitty Treasurer
Cover Photo & many photos in this report by Hampton Lake resident Greg Conran Portraits & support photos provided by Fred Chitty
Hampton Lake Community Association Annual Report 2018
COMMUNITY ASSOCIATION STAFF
Bryan Rhame General Manager
Robin O’Neil Assistant Manager
Rachael Malo Director of Fun
JP Sheffield Boathouse Coordinator
Brenda Matthews Catherine Guscio Club Director of Controller Member Relations
Gail Garbett ARB Director
Kirby Garbarini Avern Monteque Maintenance Communication Technician Coordinator
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Hampton Lake Community Association Annual Report 2018
Skip Pratt Tackle Box Manager
Michelle Woodcock Nicole evans Accounting Accounting Assistant Assistant
Victoria Jackson ARB Assistant
Ashley Tacklebox Associate
Hampton Lake Community Association Annual Report 2018
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COMMUNITY ASSOCIATION BACKWATeR BILL’S STAFF
Andy Ferrel Executive Chef
Jackie LeBeau Restaurant Manager\
Andrew Hodgins Beverage Supervisor
Antonio Velez Sous Chef
Herman Backwater Bill’s Wait Staff
Alicia Backwater Bill’s Wait Staff
Sabrina Backwater Bill’s Wait Staff
Samoy Backwater Bill’s Wait Staff
Allison Backwater Bill’s Wait Staff
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Dayrin Backwater Bill’s Kitchen Staff
Hampton Lake Community Association Annual Report 2018
Dennis Backwater Bill’s Kitchen Staff
COMMUNITY ASSOCIATION BACKWATeR BILL’S STAFF
Josue Backwater Bill’s Kitchen Staff
Karen Backwater Bill’s Kitchen Staff
Veronica Backwater Bill’s Kitchen Staff
Libna Backwater Bill’s Kitchen Staff
Taylor Backwater Bill’s Kitchen Staff
Dylan Backwater Bill’s Kitchen Staff
Hampton Lake Community Association Annual Report 2018
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COMMUNITY ASSOCIATION BOARD OF ADVISORS 2018-2019
Pat Licata
Chairperson
Stephen Kreider Fitness & Recreation
Art Hansen Food & Beverage
Bill O’Toole Grounds & Facilities
Joan Bennett Events
CONTRACTOR SUPPORT
Katrina Polite Security
Teal Fitness Center/Spa Front Desk
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Joy Burke Landscaping
Heather Fitness Center/Spa Front Desk
Hampton Lake Community Association Annual Report 2018
Kevin Felton Fitness Director
Penelope Fitness Center/Spa Front Desk
Kelsey Fitness Center/Spa Front Desk
With limitless recreational and social opportunities woven into a charming Lowcountry backdrop, Hampton Lake oers an unparalleled and relaxed lifestyle.
Hampton Lake Community Association Annual Report 2018
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COMMUNITY ASSOCIATION ARCHITeCTURAL ReVIeW BOARD (ARB)
Pratt Reed HLCA Vice President Gail Garbett Director Chris england HLCA Board Member Victoria Jackson Assistant Sandy Leath HLCA Member Whitney Brown HLCA Board Member 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 Lynn Mickinac Karen Couser Larry Ruocco ed Kelly
COVeNANTS COMMITTee
Jim Morris, esq Chairperson Matthew Nikravesh Gail Burrer Paula Stechschulte Ted Kerrine, esq
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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Hampton Lake Community Association Annual Report 2018 2015
COMMUNITY ASSOCIATION BOARD OF ADVISORS COMMITTeeS 2018-2019 FOOD & BeVeRAGe COMMITTee
Art Hansen Chairperson Chris Rudd Frank Barbieri Larry Ruocco John Davis Hank Spangler Ada Isherwood Brian Lackey
FITNeSS & ReCReATION COMMITTee
Stephen Krider Chairperson Jim Hoffman Brian evans Michael Kokolakis Debbie Gordon
eVeNTS COMMITTee
Joan Bennett Chairperson Anna Levonyak Kara Hounam Dawn Wegard Leslie Kimball
GROUNDS & FACILITIeS COMMITTee Bill O’Toole Chairperson
Tim Beedle Chip Chase Fred Chitty Michael ‘Chris’ Christensen Barbara Duffy-Lindblad David Gallant
Craig Husted Jim Kiser ernie Lindblad Pete Marone Charlene Piantanida Michael Sneden
Hampton Lake Community Association Annual Report 2018 2015
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PReSIDeNT’S LeTTeR TO MeMBeRS Fellow Residents,
I am amazed a year has passed since I started on the Board. As I told some of you, I felt like I was drinking from a firehose for the first few months, but things have settled down to a manageable level of work and learning. Our first few months were intense and made me appreciate people in previous leadership positions. They also made me aware of how well Hampton Lake is managed.
The early work of the Board consisted of getting ‘Board Training’ to comply with our Governing documents, attending Community Association Institute (CAI) seminars, executing the new capital reserve study, meeting with the developer, preparing for Board meetings, completing our first annual budget, and attending the Board of Advisers meetings.
While we learned, our community continued to move forward. Since we started in April 2018, as of January 1st we have grown from 757 to 850 homes built and have 72 under construction, bringing our total to 922 homes.
Our financial position is strong with good fiscal management by our General Manager, Bryan Rhame and his staff. We showed revenues of $5.5 million in 2018 which provided for our staff and amenities, while also setting aside a reserve of $575,777 for capital repair and replacement. Our capital reserve now stands at $1,591,434 (After 2018 transfer of $395,747) which is on target with the latest Capital Reserve study update completed on July 2018.
Your new Board was also busy this year trying to improve how we interact with you. You may have noticed we start each Board meeting explaining what is going to happen at the meetings. We are taking questions on-line, ahead of the meeting, for members who do not want to get up and speak. We are providing remote video and PA in Backwater Bills for overflow crowds. After each Board meeting we are conducting a survey requesting feedback. We are also staffing volunteer roles differently. For the Covenants Committee position and the recently announced Financial Review Group, we published job descriptions, asked for volunteers, and interviewed members to select candidates. We believe this is fair and transparent when filling volunteer positions.
Your Board also approved some new work this year such as the Hydrotherapy repair, the parking lot bulkhead, and started due diligence to repair Hampton Lake Drive by the dry-dock. In the coming year, we will continue to work closely with our General Manager to maintain and improve service to our community as our population grows. We also plan to continue to meet with the Developer in order to understand and influence plans for the final amenities. Lastly, we will start work to design how we should look organizationally as we face turnover in 2021. During the last 11 months I have been very impressed at the quality and volume of volunteer work that happens throughout our community. There are incredible numbers of people and groups that
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Hampton Lake Community Association Annual Report 2018 2015
PReSIDeNT’S LeTTeR TO MeMBeRS work every day to make this community a great place to live. We see people who lead the Tiger Bass Race, Fishing Tournaments, run the Women’s group, the Armadillo breakfast, set up pickle ball tournaments, organize golf outings, take photos for our publications, organize Bunco, Euchre, Bridge and Mahjong parties, moderate NextDoor, serve on the Board of Advisors teams, lead the Holiday Food and Toy drives, put up and take down U.S. flags for holidays, sing holiday carols at Benton House and so much more. We are a great community, and will continue to be if we have people who volunteer.
The Board extends a big ‘Thank You’ to all those who do things every day to make our community better, in the past and present. We would like to encourage new residents to find ways to become involved in making our community even better. Respectfully submitted,
Rich Delcore President
2018 - 2020 Board of Directors (Not pictured is Ali Seabaugh)
Hampton Lake Community Association Annual Report 2018 2015
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DeCLARANT’S LeTTeR TO MeMBeRS Dear Hampton Lake Members,
From the start, we defined 2018 as a year of transitional growth, for our company and for the continued development of Hampton Lake. This growth took place in many ways, some visible to our members and some behind the scenes. The community continues to experience progress and positive change at every level. The phased development and initial release of homesites in the Northern Sandhill, the addition of amenities at the Parkside Amenity Center, and 44 club-initiated member events (wow!) were just a few of the year’s highlights. We say it every year and most will agree – Hampton Lake just keeps getting better!
Members like you enjoyed the busiest calendar of events in our community’s history. Fun and fellowship was had all year long with marquee events like the member-run Tiger Bass Race which hosted an incredible 680 runners, and the second annual Women’s Weekend in September which nearly doubled in attendance. Additions to the Parkside Amenity Center included the playground, basketball and bocce courts. And let’s not forget the much-anticipated Pickleball courts! The fun, camaraderie and competition of this growing sport can be seen nearly every morning at Parkside while new and longtime members alike are learning the sport and joining in the fun. Construction of Parkside’s grassy sports field and rubberized ¼ mile track began at the end of the year and is slated for completion spring 2019.
As we mentioned, 2018 was a transitional year which laid the groundwork for the future. As Phase 3 closed out (97% sold out at year end) we are well prepared to continue larger work in the next phase. Last May we began our push into Hampton Lake’s final development parcel, the Northern Sandhill tract. We released the first 20 lots, 19 of which were sold by year end. Now in 2019, the development of these new areas will see the last expansion of the lake and the release of several new product areas. In fact, we expect to complete development on up to 175 new units in Hampton Lake – more new development than any year since Hampton Lake opened in 2006. In amenities, we expect to complete the construction of the community’s second main entrance at the intersection of Bluffton Parkway and River Ridge Academy along with the completion of the sports field and track. We will also see the completion of the final tennis court at Lakeside, and expect to announce a date later this year for starting constructing of the new Pool and activity barn at Parkside.
As we look forward to this coming year please trust that we will continue investing in Hampton Lake by creating valuable real estate, spectacular amenities, and opportunities to engage with your family, your friends, and with nature. Thank you for bringing out the best in our neighborhood, in each other, and for your dedication to making Hampton Lake a remarkable place for Lake Life to happen. Sincerely,
Pratt Reed
CeO Reed Group
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Hampton Lake Community Association Annual Report 2018 2015
BOARD OF ADVISORS CHAIRPeRSON’S LeTTeR TO MeMBeRS It’s a privilege to serve as the Chair of the Board of Advisors, a group committed to making our wonderful community even better. As Hampton Lake evolves from a neighborhood where almost everyone knew almost everybody, to well over 800 homes as of the end of 2018, it becomes even more important that our facilities and activities keep pace with the growth while still preserving the friendly atmosphere and sense of community that drew so many of us to Hampton Lake.
In 2018 the Board of Advisors and committees continued to focus on areas raised as concerns in the December 2016 Member Survey, with special emphasis on enhancing two-way communication and improving satisfaction with security and the fitness center, and in providing a variety of events and activities that appeal to the wide-ranging interests of the community. The Board of Advisors’ focus on two-way communication included: - Monitoring LakeViews and managing the prompt publication of the Q&A. In 2018, 168 questions were received and answered.
- Continued work with management and staff to facilitate proactive communication to members, using the weekly Community Update, re-posts on Nextdoor, and other announcements as necessary.
- Continued monitoring and enhancement of the HLCA website, working with staff to keep it current, organized, and adding documents and information useful to members. Highlights of the committees include:
GROUND & FACILITIES (G&F)
Conducted an onsite assessment of the procedures for issuing gate passes and verifying the identities of visitors to HL. The committee provided a detailed plan to enhance the existing front entrance and for new software for pass issuance at the main gate. They also made recommendations for the design of the future gate, both for ease of access, enhanced security, and landscaping aesthetics. In 2019 the group will continue to research various software programs for gate entry and pass issuance procedures.
Completed safety assessments at the intersections of Fish Dancer Court and Hampton Lake Drive and at Driftwood Place and Hampton Lake Drive. A report was forwarded to the GM and the work group’s recommendations to trim back landscaping, thereby increasing visibility, were implemented.
Completed an assessment of traffic signage, which assisted the GM with the identification of speed zones, missing speed limit signs and posts, and a recommendation for larger speed limit signs.
Completed an updated comprehensive Hampton Lake Road Survey Report at the request of the GM and the BoD. FITNESS & RECREATION COMMITTEE (F&R)
Improved Fitness Center capabilities with addition of Smith Machine, Universal, two rowing machines, and new weight room floor. Hampton Lake Community Association Annual Report 2018 2015
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BOARD OF ADVISORS CHAIRPeRSON’S LeTTeR TO MeMBeRS Completed a six month card use study to provide data to look at Fitness Center access hours and manned hours. Ran successful CPR classes, Wellness Day and offering of swim lessons.
Reviewed the pool attendant roles and responsibilities and provided comments to management for the position in preparation for management hiring for the summer 2018 pool attendant support. FOOD & BEVERAGE COMMITTEE (F&B)
Met its goal of expanding hours at Backwater Bill’s in a financially responsible way by instituting additional What’s Cooking Wednesday in months that have five Wednesdays, adding a second Wine Club night, and continuing the very successful Prime & Pasta nights. Ensured that members are aware of weekly specials by posting the menus on Nextdoor, as well as the weekly email. Replaced all takeout containers with environmentally friendly containers at a lower cost.
Submitted a recommendation that the party barn include some kitchen facility. EVENTS COMMITTEE
Held 44 events in 2018, in addition to monthly Prime & Pasta and Meet Your Neighbors. New successful events added to the calendar this year were the July 4th bike and golf cart parade, Brews & BBQ, Break Fast, and the December holiday golf cart parade.
The committee met its goal to plan at least 3 months in advance on a consistent basis, which enabled events to be communicated with more advance notice to members.
All events met the financial goal of break even or better.
In closing, I’d like to share two observations from having served as Board of Advisors Chair for three years. First, it’s clear that the people who serve on these committees have the best interests of the community at the forefront. I hope that all Hampton Lake members realize how fortunate we are that we have neighbors who are willing to put significant time and effort into not just attending meetings, but in doing research, legwork, and listening to and following up on member feedback.
Second, we are lucky to have a staff for whom this is more than just a paycheck. The people who work here are truly dedicated to making Hampton Lake the best it can be. The committees can develop ideas and make recommendations, but it’s the GM and the staff that make it happen.
Pat Licata 14
Chairperson, HLCA Board of Advisors
Hampton Lake Community Association Annual Report 2018 2015
STAFF
2018 HLCA OPeRATIONS
Hampton Lake had several changes in personnel in 2018. The key changes included the addition of Kevin Felton as our Personal Trainer. Kevin has had a positive impact on the group classes being offered and the Personal Training Programs. Heather and Teal were given the responsibility of managing the Front Desk. They have enhanced our owner and guest experience and improved the organization of the operation.
Early in 2019, we have experienced 3 key changes in our team’s makeup. After three years as our boathouse coordinator and all around nature guy, Jordan Williams accepted an offer to work for Gulfstream. Jordan was a valuable member of the team and he will be missed. We wish him the best in his future endeavors. Our ARB assistant, Nicole Sheldon was rehired by her former employer in a management capacity. Hattie, our Security Supervisor, left to pursue her own business opportunities. New additions include the promotion of our long-time employee Katrina Polite to Security Supervisor. This is a well-deserved opportunity and we look forward to her positive influence on the rest of the team. Victoria Jackson was hired as our new ARB Assistant. 2017’s addition of Robin O’Neil has added much needed stability to our F&B operation and she will be focusing on other amenities including Spa and Fitness and Entry Control in the coming months.
FOOD & BeVeRAGe
Our entire Food and Beverage operation continues to make steady improvements. In 2018, we were able to accommodate more owners with efficiencies in reservations and an increased number of member events. We were also able to host many private functions that DTC declined to conduct. We added additional quality support staff for part time positions. These additional team members are necessary to add schedule flexibility and meet the additional staffing needs for increased events and parties.
Backwater Bill’s Backwater Bill’s continues to be one of our owner’s favorite amenities. Steady improvements in the quality of food, the menu offerings and front of house service continue to be recognized and complimented by members. We appreciate the support of the community and hope more of the owners will become regulars at BWB. Many thanks go to Robin, Andrew, Chef Andy and the entire team for the hard work and dedication required to improve and maintain our standards.
Bringing the BWB’s operation under HLCA control turned out to be a very favorable decision. Although the labor costs increased by $115,800, this was offset by the elimination the DTC management contract of $60,000. Revenues increased in Backwater Bill’s by $115,100 over 2017. Lunch business also increased. We had an additional 1534 checks for an additional $20,300 compared to 2017. Total costs were reduced by $66,700 from 2017. Bottom line, we were able to reduce the operational cost of Backwater Bill’s by $45,375. This is a trend we hope to continue.
Member events After the separation with DTC, an emphasis was put on increasing our service supplies. In order to accommodate the increase in events and number of people, extra service supplies were purchased. We purchased enough china, glass, silver and other necessary items to host parties up to 150 people. Hampton Lake Community Association Annual Report 2018 2015
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We continued to grow the number and type of Member Events throughout the year. This allowed us to increase the hours available to our owners while controlling the costs of the F&B operation. We conducted 44 different Member Events with the philosophy that each one at least break-even. This was accomplished and an additional $900 went to the bottom line. Below are some of the many member events offered during the year:
January Kids’ Night Out, Name That Tune, Lunch & Learn, Meet Your Neighbors, One Lure Fishing Tournament and Prime Rib & Pasta Night
February Bingo, Wine Dinner Valentine’s Special, Meet Your Neighbors, Music Night and Prime Rib & Pasta Night March Lakeside Village Market, Trivia Dinner, Trivia Night, Meet Your Neighbors, St. Patrick’s Day Party, Lunch & Learn, Asian Night and Passover Seder
April Easter Brunch, Open Mic Night, Name That Tune, Lunch & Learn, One Lure Fishing Tournament, Prime & Pasta and Teen Kayaking
May Cinco de Mayo/Kentucky Derby Party, Bingo, Mother’s Day Brunch, Fashion Lunch & Learn – with Eggs n’ Tricities and Moonlit Lullaby, Tiger Bass Open Fishing Tournament, Prime & Pasta and Memorial Day Weekend Activities
June Summer Kick Off Field Day, Mexican Fiesta, Pajamas & Pancakes, Trivia Dinner, Trivia Night, Kid’s Camp, Prime & Pasta on Wednesday, Brews & BBQ and Tower Bar Music
July July 4th Festivities, Kid’s Camp, Name That Tune, Prime & Pasta on Wednesday and Tower Bar Music
August Adult Beach Party, Trivia, Back to School Party, Prime & Pasta, Bayou Buffet and Tower Bar Music
September Labor Day Cookout, Club Night, Name That Tune, Break Fast, Prime & Pasta and French Bistro Night
October Trivia, Fall Fest Sunday, Prime & Pasta, Tiger Bass Race and Adult Halloween Party (became an end of season Tower Bar Bash)
November Holiday Entertaining Event, Name That Tune, Captain’s Cup Fishing Tournament with Awards Luncheon following, Lakeside Village Market, Asian Night and Annual Oyster Roast (became a Lowcountry Boil) December Gingerbread House Event, Chalkboard Special – Hanukah Dinner and Lighting of Menorah, Tackle Box Holiday Sale, Santa Brunch, Trivia Night, Holiday Dinner and Boat Parade, Annual Wine Sale, Meet Your Neighbors, Italian Night and Annual New Year’s Eve Party
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Hampton Lake Community Association Annual Report 2018 2015
Hampton Lake Community Association Annual Report 2018 2015
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Hampton Lake Community Association Annual Report 2018 2015
Private Parties With the departure from DTC, we were unable to generate the budgeted amount of revenue. However, we were able to host many parties with both food and beverage on our own. This allowed us to generate a net excess of $65,000 to our F&B operation, $15,892 above 2017. 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 Wegard Bar Mitzvah, Pagani, Real Estate Lunch, Parker Celebration of Life and Brice Alumni Event
February Real Estate Meeting, Broker Meeting and HLWG Luncheon
March Krause Surprise Party, Davis Wedding, Vilahora Wedding, Segiel Meet and Greet, HWLG Bunco Nite and 50th Anniversary Party
April United Way of the LC, Weichert Happy Hour, 3 separate model home opening events, Taste of Bluffton, 3 separate Realtor Classes, Smith Wedding, Business Networking International, Realtor Breakfast, John Paul Prom, Cruise Club, HLWG Annual Meeting and Tourant Wedding
May McAndris Party, Shields Wedding, Duda Wedding, Realtor Class, Lowcountry Homeschool Prom, Vietnam Vets and HLWG Potluck June 2 separate Realtor Classes, Thomas & Hutton Meeting, Cohen/Hall Wedding and Haggist BBQ July Bruce Wedding, CAI Meeting, Realtor Breakfast and Acadia Birthday Party August McKinley Birthday Party, Reppond Wedding and HLWG General Meeting
September Meeks Wedding, Davison Birthday Party, Women’s Weekend, Crystal Lake Tailgate, Jones/Lynch Rehearsal and Baby Shower October Richard Wedding and HLWG General Session and Luncheon
November Brown Wedding, Meacham Pickup, Guarente Pickup and Sungate Medical Group
December Norwood, Tate Christmas Party, Hanukkah, HLWG Holiday Party, Eagles Point Holiday Party and Century 21 Hampton Lake Community Association Annual Report 2018 2015
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Hampton Lake Community Association Annual Report 2018
Hampton Lake Community Association Annual Report 2018
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Hampton Lake Community Association Annual Report 2018 2015
Hampton Lake Community Association Annual Report 2018 2015
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SPA & FITNeSS CeNTRAL
Our Spa and Fitness operation, which also includes the pool complex and playground area, saw many upgrades. We resurfaced our Lazy River Pool, added a nice synthetic turf with a “chiller” additive to the kid’s playground. A padded flooring was installed for the weight section of the fitness center and we added some new equipment at the recommendation of our BOA. Two new rowing machines, a multi-functional trainer and a smith machine were added. New sanitizer wipe dispensers provided a nice touch. We spent over $150,000 in maintenance and repairs in this department in 2018.
Activity in almost all areas continues to increase. We saw an increase of $9,482 in Pilates over 2017. Manicure and pedicure exceeded 2017 by $7,800. With the addition of Kevin, revenues increased to $43,000 in personal training, which was $14,700 over prior year. Group Class revenue was $38,535 in 2018. Message therapy is the area we are looking to improve as it saw a decrease in revenue of $16,000 in 2018. Our goal for 2019 is to improve the owner experience and expand the staff’s knowledge of spa services. We have many plans for 2019 including opening the hydrotherapy pool in early Spring, repainting the interior, installing new carpet, resurfacing Shrimp’s Puddle and performing major repairs to the bridge over the lazy river.
LAKe/FISHING
The most significant improvement to the health of our lake included the lake liming project. 660 tons of agricultural lime was applied to correct low pH, low alkalinity and low hard water conditions. Within a month after the application, all three parameters had improved to acceptable levels. Quarterly water chemistry monitoring was implemented to include temperature and oxygen profiles as well as turbidity measurements at seven locations. Results indicated water quality remained improved through 2018. Based on 2018 results, additional aeration in the original phase of Hampton Lake is not warranted.
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Bathymetric mapping was performed in the spring of 2018 and results were compared to 2015 results to provide a benchmark estimate of sedimentation. It was determined that Hampton Lake had an increase of 7,500 cubic yards of sediment since 2015. Dredging proposals were provided for two specific locations of sediment deposition. All maps were provided in PDF format.
Hampton Lake Community Association Annual Report 2018
Fish populations were sampled in the Spring and Fall and the results showed an increase in our Thread Fin Shad numbers. This is due to better water conditions, particularly pH, which, with liming, went from 6.3 to 7.1. The Largemouth Bass population continues to be over crowded. Bass harvest is pivotal in correcting slow growth of bass and recruitment of more Bluegill Sunfish. Black Crappie were observed in samples and young Black Crappie were spawned in 2018 indicating the Crappie population, while not overly abundant, is growing and reproducing.
Algae and aquatic weed control efforts were performed monthly. Correction of water chemistry via lime application caused phosphorous to be more readily available. This in turn allowed filamentous algae to utilize phosphorous previously bound up in the lake soils. Algae growth was more prevalent than in recent years for this reason. Invasive Torpedo grass was treated multiple times utilizing a new herbicide that has been very effective in controlling torpedo grass in many of the littoral shelves where it was taking over beneficial wetland plants. Many newly established littoral shelf plantings on private lots were also treated successfully.
Wetland outfalls were flushed to reduce debris build up and allow quicker outflow during high-water events. Custom cabinet covers were installed on six aeration cabinets, three of which were located on Hampton Lake where aeration systems were installed in 2017. We are pleased that the communities two annual fishing tournaments remain popular. This year we had 15 teams participate in our one-day Tiger Bass Open with the following results: Tiger Bass Open
1. Derek Nelson and Jonathan Collier with 14.656 lbs.
2. Gary Shepherd and Mike Beckwith with 13.294 lbs.
3. Lee Steinberg and Jack Horowitz with 12.400 lbs. Biggest Fish was Randy Fix at 4.063 lbs.
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This year we had 18 teams participate in the Captain’s Cup our member-guest format conducted over a weekend. The results are listed below: Captain’s Cup
1. Gary Meagher & Steve Farress with 21.044 lbs.
2. Jack Horowitz & Rob Bennett with 20.131 lbs.
3. Lee Steinberg & Barry Descaro with 15.688 lbs. Biggest Fish was Rob Bennett at 4.394 lbs.
THe BOATHOUSe & TACKLe BOX
We continue to look for new ways to attract owners to shop for gifts, logo apparel, fishing tackle and other items in the Tackle Box. Boat rentals increased by $4,900 in 2018. One new gas-powered pontoon boat was purchased. Two new kayaks were purchased and two donated, thus allowing us to offer eight singles and four doubles for owner and guest use. We spent over $13,400 on repair and maintenance costs of Doc’s Boathouse in 2018. Total revenue was $1,850 below 2017 while operational costs were reduced by over $4,700 from 2017.
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Hampton Lake Community Association Annual Report 2018
GROUNDS & FACILITIeS
During 2018 we had many maintenance and repair projects large and small. Projects at the pool and fitness were already discussed above. Long overdue drainage, irrigation and landscaping improvements were made at the Bluffton Parkway entrance with the completion of the new traffic light. The Lakeside Amenity Center parking lot entry was milled and resurfaced, curb repairs were made and the entire parking lot was resealed and parking lines repainted. A new parking lot light was added for safety reasons. Various small road repairs jobs were completed. We added a new bulkhead at the community boat launch area with improved landscaping to respond to lake bank erosion that could have effected the stability of the parking lot. The major hydrotherapy room renovation project started. A new camera was installed at the South Gate. New furniture was procured for the Lakeview Room. Finally, the updated Capital Reserve Study was completed and included the amenities and roads anticipated to be completed in Sandhill in the next 2 years. The Board fully funded capital reserve in the 2019 budget as recommended in the study. Separate CR studies were completed for the Lake Maintenance Corporation and the Hampton Lake Road Association.
DeVeLOPeR UPDATe
The big news during 2018 was the Town of Bluffton’s approval of an updated Master Plan for Hampton Lake. This provides the latest plan for where roads, homes, amenities and the lake will be, as northern Sandhill is fully developed and added to HLCA over the next few years. In March, the Developer shared his current plans for the new west entrance to Bluffton Parkway, the Parkside Amenity Center and the new cluster mail center kiosks required for all future development by the Postmaster. These are shown in the next few pages.
Hampton Lake Community Association Annual Report 2018
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Hampton Lake Community Association Annual Report 2018
Hampton Lake Community Association Annual Report 2018
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COMMUNICATIONS
The importance of communication in a growing community, still under active development, such as Hampton Lake, can’t be over-stated. Critical to the success of Hampton Lake and the satisfaction of its members is proactive information sharing by management, the Board of Directors, and the developer, as well as robust channels for two way communication. In 2018, HLCA hosted seven meetings open to all members and all were well attended. These included four Board of Directors meetings, two Town Halls and our Annual Meeting. Minutes &/or summaries of all of these meetings were distributed via the Sunday eblast and they are posted on the community web site for those who were unable to attend. A new feature of these meetings was added during 2018 and that was the ability of members to submit questions before the meeting. We also added the opportunity for member feedback with an on-line survey following the meeting. 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 2018. LakeViews has been instrumental in providing an avenue for owners to get accurate information to specific questions from a variety of sources. Members submitted 168 questions and comments to LakeViews in 2018, up from 156 in 2017. We continue to use the popular weekly Community Update (i.e. Sunday eblast) and the weekly Backwater Bill’s News to provide timely updates and notices of upcoming events. Every Sunday the weekly update provides notice of Board meetings, distributes meeting minutes, calendar and other important documents. Next Door Hampton Lake, an owner directed social media site grew from 1232 to just under 1500 members during 2018. Next Door is strictly owner to owner and doesn’t include HLCA Management or our Developer. Member communication is a balancing act as we work to achieve a balance between too many emails and getting the information out that impacts our members. We recognize that there will always be members who want less and those who want more. We currently send out at least two emails per week. Our main communication is the Sunday Update with a broad range of material and our weekly, more specific BWB’s eblast. Also, please be aware that the community association communicates Community Association items. The Developer communicates development plans and progress and the Town and County handle local government news.
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. We plan another comprehensive member survey in 4Q 2019. Communication will stay a top priority for HLCA.
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Hampton Lake Community Association Annual Report 2018
Hampton Lake residents are very generous and supportive of our community! Fundraising, food drives, toy collections, donating cash to worthy causes, and volunteering for those in need ... just to name a few!
Hampton Lake Community Association Annual Report 2018
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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 four community organizations that made a huge impact during 2018 for local charities: the Tiger Bass Race committee, 100+ Women Who Care, the Cure Childhood Cancer community fundraising effort, and the Hampton Lake Women’s Group.
11th Annual Tiger Bass Race/Walk
This huge annual charity 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 race was again held at the end of October. This was the first year it didn’t include the nature trails for the 10K, but instead the route went into phase3 and around Crystal Lake. We had a gorgeous day and our event was a huge success with 700 race participants!
The charity side of the event had huge changes this year. We decided to expand the number of recipients from two to eleven via a competitive grant application process based on changing annual guidelines (e.g. Health, Human Services, Education, Environment etc). The Hampton Lake Tiger Bass Race Charitable Fund has donated over $130,000 to local charities in the past 4 years. This would not be possible without the support of local business sponsors and all that participate in our event!
This year we donated a total of $31,350 in varying amounts to the following local 501(c)(3) organizations: Michael Mugrage Foundation (in memory of our neighbor, 16 year old Michael Mugrage, who lost his battle with cancer on August 28, 2018), Bluffton Self Help, Bluffton-Jasper County Volunteers in Medicine, Public Library Foundation of Beaufort County, St. Gregory the Great Catholic School - Athletic and Student Life Programs, Boys and Girls Club of the Lowcountry, Family Promise of Beaufort County, Inc., Hospice Care of the Lowcountry, Second Helpings, May River High School - Athletic Program, and Bluffton Township Fire Department.
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Hampton Lake Community Association Annual Report 2018
We all owe a special thanks to all our Sponsors, our sixty one Hampton Lake Volunteers, HL Management and our 2018 Tiger Bass Race Committee of Michael Beckwith (Chair), Anna Kendrick, Catherine Guscio, John McAndris, Ed Pristas, Lisa Pristas, Peter Bromley and Nancy Russo. After serving 6 very successful years as Chair of the TB race, Mike Beckwith has turned the Chair over to John McAndris. TB has grown and thrived under Mike’s able leadership. We thank him and wish John the best going forward. We look forward to seeing you at the 2019 Tiger Bass Race/Walk scheduled for October 26th.
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 hourly 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, with the first meeting in April. 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, 2018, 100+Women Who Care Greater Bluffton has raised $116,000 in justfifteen one-hour meetings. In 2018 alone a total of $40,500 was awarded to the following charities: Greener Grass; Lowcountry Legal Volunteers; Island House Mental Health; and Carolina Cups. The group starts 2019 with 103 members and continues to grow. Hampton Lake Community Association Annual Report 2018
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CURe Childhood Cancer - In Honor of Hampton Lake’s Michael Mugrage
In his battle with cancer, 16 year old Michael Mugrage moved and inspired many people. This is just one story of our community coming together to support a neighbor. This story starts with six young girls in Hampton Lake who opened a summer lemonade stand they called “Helping Hands Lemonade” and decided their profits would go to help Michael and his family. At the end of summer vacation, they wanted to do more. Michael’s wish was to support CURE Childhood Cancer as his designated charity.
As it turned out, September was National Childhood Cancer Awareness month and CURE had a gold mailbox ribbon fundraiser. Within a matter of a few days, Anna Kendrick had many HL volunteers making and distributing over 500 gold bows that members hung on their mailboxes during the month of September in memory of Michael.
They raised $13,080 for CURE Childhood Cancer very quickly with the heartfelt support of Hampton Lake members.
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Hampton Lake Community Association Annual Report 2018 2015
HAMPTON LAKe WOMeN’S GROUP
The Hampton Lake Women’s Group (HLWG) was founded in 2010 for the purpose of promoting friendship and fun among the women of Hampton Lake. With 18 different interest groups, women in the community can take part in activities from crafts to golf to book clubs and so much more. HLWG is a diverse group of women who enjoy creating, learning, playing and getting to know women from all walks of life. If you are looking to expand your circle of friends, whether you are single, married, new to the community or a long time “Laker,” HLWG can help you find friends and fun! Besides our numerous interest groups, HLWG holds 4 General Meetings each year that include updates of our activities, a luncheon, and guest speakers. Our General Membership speakers over the years have included WSAV Chief Meteorologist Kris Allred, Shag Dance Lessons, Bluffton Police Chief Chris Chapmond, and information on keeping your brain healthy and active to name just a few. HLWG also hosts an annual Potluck Dinner open to spouses and family for a fun afternoon of sharing some of the best food in the Low Country prepared by Hampton Lake’s outstanding cooks. For new members, we host 3 Welcome Socials throughout the year and for all members there are special evening events and socials that add to our busy calendar!
Our members, as well as the community at large, show their generous spirit each year during our annual Thanksgiving food drive organized with Bluffton Self Help. This year, over 150 meals and 2,500 non-perishable items were collected for area families. The 2018 Holiday Hope Toy Drive collected over 500 toys to ensure area children who are less fortunate had a bright and joyful holiday. Throughout the year, at each General Membership meeting, items are collected for various charitable groups in the Bluffton area by our members, who donated items such as school supplies, cleaning supplies, sporting equipment, and art and craft supplies.
Since our founding 8 years ago, HLWG has continued to grow from 60 original members to our current membership of over 380 members. Our website, www.hlwg.org, is updated with the latest news and information and a calendar of events. HLWG invites you to join in the fun and friendship! Hampton Lake Community Association Annual Report 2018 2015
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Hampton Lake Community Association Annual Report 2018 2015
ARB
While lot sales decreased slightly from 2017 due to lack of inventory, building activity during 2018 continued at a high rate. 70 to 92 homes were typically under construction at any one time during the year. We saw a 17% increase in residents with134 new homes completed during the year. We also added 110 additional members to the community during the year with the sales of both Developer lots and new “product homes / lot combinations”. Hampton Lake continued to have more homes under construction than other communities within the area. Details are provided in the following Real Estate Year in Review section. 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 2014
Dec 31 2015
Dec 31 2016
Dec 31 2017
Dec 31 2018
52
81
88
70
72
351
403
427
508
566
654
716
786
850
922
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 2018, the Committee completed two rounds of inspections in the spring and fall, one from the road and the other from the lake. Two rounds of inspections are scheduled in early June and mid-October 2019. 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 rules for portable vs non-portable playground equipment.
The ARB continues to work hard to maintain HLCA’s Community Wide Standards during this period of growth and appreciates the support and compliance of our members.
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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 Community Association Annual Report 2018 2015
is a beautiful community .... all year long!
Hampton Lake Community Association Annual Report 2018 2015
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HAMPTON LAKe 2018 ReAL eSTATe YeAR IN ReVIeW I am pleased to report another standout year for real estate sales in Hampton Lake! In 2018 our community saw strong market demand and was again the top-selling non age-restricted community in the area. Many events throughout the year like The Parade of Homes, quarterly Lakeside Markets, and regular Open House weekends showcased the best of the community’s properties and lifestyle to the public. Local Realtor participation was at an all-time high with 84 real estate professionals from 32 separate brokerages bringing buyers who purchased in 2018.
Some key metrics worth highlighting are several double-digit sales price increases including preserve-view lots which were up 12.7% and sold 1% closer to list price compared to last year. Also, preserve-view homes were up 12.3% and sold 53 days sooner than last year’s median days on market. Lakeview homes saw an average bump of 6%, and were sold an average of 1% closer to list price than last year. Lastly, the average price of all homes sold in Hampton Lake was the highest in 10 years, up over $50K from last year to $558,852! Our Featured Builder Program showcased 5 furnished model designs from the area’s best builders and inspired some impressive new construction all across the community. The exposure of these beautiful homes drove buyer traffic, assisted in sales pace, and bolstered a successful release of 20 new homesites - the first properties in the Northern Sandhill tract - in May. All but one of these lots were sold by year end. The Featured Builder Program will remain open into the first half of the year.
We look forward to an even better and busier year in 2019. The Reed Group development team has been hard at work preparing to bring to market a number of new properties in the Northern Sandhill tract along with the second main entrance and additional amenities at Parkside. These development efforts will give us new options as we expand our price points, product offerings, and increase exposure to buyers. And speaking of exposure, we are also excited to announce our engagement with a new marketing firm for 2019. Greenville-based agency Fuel, who has extensive experience in destination real estate, will work alongside our in-house team. Our goals are to refine lead generation, improve our website’s user experience and property search functionality, and enhance our outbound marketing efforts. Finally, a sincere thank you to you, our members, for making Hampton Lake such a warm and welcoming community. Every smile and wave makes it that much easier for prospective purchasers to choose Hampton Lake and become your new neighbors.
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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Hampton Lake Community Association Annual Report 2018 2015
SALeS SUMMARY
Total transactions in Hampton Lake ended the year at 232, down 31 sales from last year’s 263 transactions. End user sales were down 75 sales from 263 in 2017 to 188 in 2018 (there were no bulk builder sales in 2017). This year’s total includes bulk lot sales to builders totaling 44. The lower number of total sales was expected before the year began. The primary reason for fewer end user sales is simple: a lack of availability in certain product segments and price points. Several product sections like Pulte’s Green Trail, K. Hovnanian’s Arbors and Dreamfinders Homes’ Retreat were sold out. The inventory of preserve-view homesites was extremely limited, and builder spec home building did not keep up with the demand. Secondary to this, two major named storms targeting our area in Fall made national news and hindered travel plans for many buyers. Additionally, we believe that a few early signs of economic uncertainty, rising building costs, and political unease played factors in fewer transactions, particularly at the end of Q3 and in Q4.
Lot sales slowed to product builders in 2018 but this will increase in 2019 as developed builder lots in the Northern Sandhill Tract (Phase 4) are released. End user sales of lots went down from 88 in 2017 to 73 in 2018, a figure we believe is affected by a decline in inventory. For preserve-view lots, prices rose to an average of $116K, up 12.6% from $103K. Lakeview lots were the sole declining segment, as a lack of properties with the most premier views were on the market. The average price was $213K, down 5% from $223K last year. While prices were up, total home transactions fell this year, from 141 homes in 2017 to 115 homes sold in 2018 (the same number as in 2016). Prices increased to a community-wide average of $559K, up over $50K from $508K just a year ago. As a sub segment metric, resale home prices saw a bump of over 2% to an average price of $606K.
Hampton Lake Community Association Annual Report 2018 2015
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SALeS SUMMARY
This 7-year chart shows the number of end user sales by Hampton Lake Realty, by month. Many locales in the U.S. have defined “selling 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. For 2018 the slowdown in the Fall is clear.
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Hampton Lake Community Association Annual Report 2018 2015
NATIONAL & LOCAL MARKeT
Nationally the overall economy remained strong Yhrough 2018 despite inflation fears and political and trade turmoil which contributed to stock market volatility. Record low unemployment continued throughout the year, increasing wages. GDP growth rose well above 2%, a very positive indicator of Economic health. At the end of 2018, JP Morgan Chase, in their Economic Year in Review, summarized the 2018 US Economy as ending in “an exceptional state” and a looking to this year: ”With few signs of trouble on the horizon, 2019 is starting on a note of steady growth and favorable business conditions.”
In housing, a strain on availability of skilled labor pushed construction costs higher. Tariffs have also driven materials prices up as builders pass on the increasing cost of imported construction staples like Canadian lumber, to buyers. With both labor and material costs rising, building costs continued to increase nationally while attempting to keep an adequate supply of new homes - a supply which is now outpaced by demand. In fact, 2018 saw the lowest national inventory of new housing per capita in 60 years. These factors drive housing markets higher overall and also contribute to a lack of affordability at the lower end of the market. Related, the Housing Market Index (HMI) dropped to 56 in December, down from 74 a year ago. However, numbers above 50 are still considered a positive outlook.
Since last year’s Review, the key funds rate experienced four quarter-point increases by the Fed in March, June, September and December, raising the rate by 1% total. Despite these increases, conforming 30-year fixed mortgage rates fluctuated only slightly and largely remained at 4.5% or less. Economists at NAHB are still predicting a rise to near 5% in 2019.
As always, real estate conditions are local! And growth in the Lowcountry continues upward. Hilton Head & Bluffton markets showed positive movement in every metric. Pending and Closed Sales were up year over year by 9.0% and 9.8% respectively. Median Sales Price nearly doubled in one year to 5%, up from 2.6% last year. The area’s growth and climate continue to draw people from all over the country. We continue to experience greater marketing and awareness nationally. South Carolina has been in the Top 5 inbound states for movers over the past several years. Meanwhile, states like Illinois and New Jersey each saw a decline of more than 100K residents leaving their states last year. With favorable growth, climate, tax burden, and lifestyle, the demand for real estate in the Lowcountry shows no end on the horizon.
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2019 OUTLOOK - HAMPTON LAKe
In last year’s Review, we predicted that total sales would slip in 2018 - possibly below 200 sales, as a lack of resales and limited developer properties and builder product lots would be available. This prediction was largely true. End user sales totaled 189, though total transactions went to 232, buoyed by the sale of 43 product lots to builders at the end of the year. For 2019, we will begin to rectify a lack of product offerings in the community with the development and release of numerous properties in the Northern Sandhill section. These properties are expected to total nearly 175 newly developed units, more than have been delivered in any year since Hampton Lake began in 2006. Permitting, weather, and other factors will determine the outcome and timing for these releases, but the Development team is already underway on construction efforts as of early January.
These releases throughout the year are expected to parallel the opening of several community improvements such as the completion of the Parkside sports field and quarter-mile track, and the much-anticipated second main gatehouse/entrance. The design for final phase of the Parkside Amenity Center - the new pool and activity barn has been completed and construction bids are expected back in early Spring. A construction start date has not yet been set. New amenities and phases support a positive selling environment, as bustling construction activity builds anticipation among prospective purchasers as well as existing property owners. Also important for sales, the existing community amenities will soon be looking as good as ever. The Board of Directors and Management are taking the Winter to complete significant maintenance and resurfacing of pools, roundabout pavers, dock decking, and fitness center flooring among other improvements. The newly renovated hydrotherapy pool and addition of a 4th tennis court are also expected to be completed soon. Moving into the busy Spring selling season, Hampton Lake will be in prime condition and offer fantastic first impressions for prospective purchasers.
With new offerings, supply and demand pressures will be relieved in some areas, and remain tight in others. New releases this year include only a few custom preserve-view lots, so prices for these lot types are expected to increase even more. For lakeview lots, a number of new properties will be brought to market by the Developer. This new inventory combined with higher costs of custom construction makes the prospect of doubledigit percentage increases unlikely. Price variation will be dependent on buyer preferences for location and view quality and some appreciation on prime properties is expected.
Neighborhood lot/home packages saw substantial appreciation and price growth in 2018. New product homes available in the upper $300Ks to low $400Ks are expected to remain very limited. In the middle of the market, a number of new neighborhood designs are expected to be brought to market in Q2/Q3, with price ranges in the mid $400Ks to the mid $600Ks. With a substantial number of finished spec homes and an increase in a variety of builders and home options, we expect this segment of lot/home packages to have broad appeal, and contain the bulk of 2019 product home sales.
Resale homes should see varied increases depending on age, type, layout and location. Older homes will face competition with newer resales and custom spec homes. As we approach 1,000 completed homes this year - the number of available resale homes will increase. Along with developer home offerings, sales are expected to keep up with rising inventory and hold the monthly supply of housing fairly steady - between a stable market and a Seller’s market. Overall, we expect another strong year of sales in Hampton Lake for 2019, and an opportunity to drive more transactions than 2018. Prices should trend higher, in varying degrees on most if not all segments.
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Hampton Lake Community Association Annual Report 2018 2015
BUILDING SUMMARY
Construction at Hampton Lake continues a very strong upward trend. 2018 saw another 20% increase year over year like we saw in 2017. While builder spec homes and neighborhood lot/home package accounted for much of the activity, end user custom home construction was at an all time high as a percentage of builds. The split between custom homes and spec/neighborhood homes was nearly 50/50. Particularly with homes under construction or in ARB review, new home designs are still getting larger. This is despite the fact that construction costs have risen to the highest level in many years. A nationwide shortage of skilled construction trades are driving labor prices up and these costs are passed on to the consumers. Material increases have also increased in part by trade war tari pressures. If prices continue to rise, growth of custom home sizes may stagnate and a reverse in the size trend may even occur at certain price points. As 2018 closed out, there were 72 homes under active construction and 850 completed for a total dwelling unit number of 922. This is a 64% build-out of all anticipated units to be built in Hampton Lake.
The average custom homes size for completed homes took a dip in 2018 but sizes are still rising even further for homes underway or currently in review.
Hampton Lake Community Association Annual Report 2018 2015
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Hampton Lake Community Association 2015 Annual Report 2018
Last year we noted a dip in total lot sales with a sell-out of both available product lots for builders and limited retail inventory. The dip leveled somewhat in 2018 and by the end of 2018, only 5 developer-owned lots of any type remained. While outpaced by demand in 2018, the development of new lots will look to take an big upswing in 2019 with several large sections of custom and product lots on the development schedule.
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2018 was the ďŹ rst year since 2012 that we saw lakeview lots dip in average price sold. This is primarily due to very few premier lakeview lots available for sale. Still, lakeview lots saw a 6-year increase of 212%. Preserve-view lots, nearly all of which were sold in 2018, were up 12.7% year over year with a remarkable 6-year increase in of 278%.
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Hampton Lake Community Association 2015 Annual Report 2018
Hampton Lake Community Association 2015 Annual Report 2018
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While sales were less than last year, 115 homes represents more sales than in any other non age-restricted community in our area. Pre-designed neighborhood home sales continue to sell strongly at mid-market price points. A near sell-out of homes under $425K hindered higher transaction numbers and an inability for builders to forecast and maintain suďŹƒcient spec home construction lowered available inventory and kept total home sales lower.
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Hampton Lake Community Association Annual Report 2018 2015
Average prices for homes (all types) were up across the board in 2018, with an overall average sales price of $558,852, the highest average price in 10 years. Lakeview homes rose 6% to $681,291 while preserve view homes rose a remarkable 12.3%, cresting the $500K price point to an average of $510,673.
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The 6-year home price trend for resales excludes lot/home package and pre-designed builder homes. Average pricing overall rose by 2.1%. Individually, the preserve-view home average shot up by 6.7% from just 1.8% a year ago to an average of $538,374. Lakeview homes were up by 2.6% to an average of $690,140. An average next year of over $700K for lakeview resale homes is certainly possible.
While nearly par, resale & custom spec homes took a slight backseat to pre-designed homes this year for number of transactions.
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Hampton Lake Community Association Annual Report 2018 2015
61 lot/home packages were sold in 2018, 20 less than in 2017. K. Hovnanian sold 67% of these in the Lake Bluff/Foxpath neighborhoods. Logan Homes’ Parkside collection had strong sales around Crystal Lake with 16 sales.
Oriented with lake views, Logan Homes’ Lakeside Collection and Parkside Cottage neighborhoods sold for the highest average for pre-designed lot/home packages in 2018.
In 2018, lakeview homes sold 17 days sooner than preserve view homes.
Hampton Lake Community Association Annual Report 2018 2015
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Hampton Lake Community Association Annual Report 2018
financial report for 2018
Audit of HLCA 2018 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 2018 End of Year and 4th Quarter financial reports are available on the HLCA web site.
The 2018 financial reports contained herein were prepared by the HLCA Club Controller, Brenda Matthews.
Hampton Lake Community Association Annual Report 2018 2015
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HAMPTON LAKe COMMUNITY ASSOCIATION, INC. Bluffton, South Carolina Financial Statements
For the Year ended December 31, 2018
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Contents
PAGe
HLCA Treasurer’s Statement
57
Condensed Statement of Financial Condition
58-59
Condensed Statement of Activities
60-61
Hampton Lake Community Association Annual Report 2018 2015
HAMPTON LAKe COMMUNITY ASSOCIATION, INC. Treasurer’s Statement February 20, 2019 RE:
2018 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 2018, 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
Fred Chitty
Fred Chitty Treasurer Hampton Lake Community Association
Hampton Lake Community Association Annual Report 2018 2015
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Hampton Lake Community Association, Inc. Condensed Comparative Statement of Financial Condition As of December 31, 2018 ASSETS
Dec 31, 2018
Dec 31, 2017 765, 261
Total Checking / Savings
1,160,487 138,107 1,591,434 408,215 34,361 729,750 0 910 ____________ 4,063,264
1,501,880 254,583 16, 906 807,870 3,122 910 ____________ 3,350,532
Total Accounts Receivable
1,437,885 9,567 (61,985) ____________ 1,385,468
1,363,111 1,609 (84,829) ____________ 1,279,891
Total Other Current Assets
67,454 36,017 20,090 ____________ 123,561
47,142 28,987 16,826 ____________ 92,954
Total Fixed Assets
5,435,812 (484,296) ____________ 4,951,516
5,367,194 (324,194) ____________ 5,043,001
Total Other Assets
18,210 ____________ 18,210
16,223 ____________ 16,223
Current Assets Checking/Savings Operating & CC A/C Credit Card Clearing Capital Reserve Working Capital ICS – MM – Escrow Dock/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 2018 2015
5,572,293
$10,540,019
4,723,377
$9,782,600
Hampton Lake Community Association, Inc. Condensed Comparative Statement of Financial Condition As of December 31, 2018 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, 2018
Dec 31, 2017
295,426 3,989 26,090 8,870 0 43,007 0 575,777 0 5,676 3,536 729,750 16,875 61,500 421,185 0 4,750 59,247 907,519 1,300 ____________ 3,164,498
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 32,638 862,286 4,075 ____________ 2,651,292
Total Liabilities
$3,164,498
$2,651,292
Total Equity
4,927,210 2,460,081 0 (9,769) ____________ $7,377,522
4,926,210 1,923,325 0 281,773 ____________ $7,131,308
Equity Capital Contribution Member’s Equity Unrestricted Net Assets Net Income
TOTAL LIABILITIES & EQUITY
$10,542,019
$9,782,600
Hampton Lake Community Association Annual Report 2018 2015
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Hampton Lake Community Association, Inc Condensed Comparative Statement of Activities January through December 2018 INCOME
Jan - Dec 18
Jan - Dec 17
Net Member Dues and Fees
1,138,337 2,404,746 96,250 269,250 (575,777) 271,075 142,109 ____________ 3,745,990
1,015,523 2,144,790 139,125 234,000 (499,148) 280,750 161,483 ____________ 3,476,523
Net Food & Beverage
614,048 248,601 109,863 (395,571) (657,027) 0 (251,467) ____________ (331,553)
498,974 219,656 284,900 (418,304) (550,232) 144,363) (277,220) ____________ (386,589)
Total Fitness Center & Pool Complex
177,192 (342) (6,661) (291,282) (375,353) ____________ (496,446)
146,378 (246) (5,414) (246,469) (250,599) ____________ (356,350)
Total Boathouse
73,014 (21,080) (97,575) (88,494) ____________ (134,135)
74,829 (23,731) (106,008) (84,005) ____________ (138,915)
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
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Hampton Lake Community Association Annual Report 2018 2015
Hampton Lake Community Association, Inc Condensed Comparative Statement of Activities January through December 2018
Gatehouse Net Income Community Services Net Expense Membership Services Net Expense Lakehouse Net Expense Townhome Rentals Net Income Capital Improvements Expense Total Income
EXPENSE General & Adm. Expense Total Expense
NET INCOME
photography
Jan - Dec 18
Jan - Dec 17
99,802 (1,496,985) 0 (35,468) (247) 0 ____________ 1,350,958
143,355 (1,170,027) 0 (40,809) 5,305 0 ____________ 1,532,493
1,360,727
1,250,720
1,360,727 ____________
1,250,720 ____________
(9,769)
281,773
report design & layout
Hampton Lake | kelsey-creative.com Hampton Lake Community Association Annual Report 2018 2015
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