Split Rock Roads

Finances

What the available financial records show

The records reviewed to date show that owners have been billed for road-maintenance fees, and that Split Rock Investments circulated two expense-summary images in October 2025 and promised further semester reports. Those summaries have not yet been matched to ledgers, invoices, work orders, or a written multi-year plan.

The available reports identify delinquent accounts as a financial issue. The project therefore seeks additional information regarding collection efforts, available road-maintenance funding, and how those funds are prioritized. Delinquency may affect available funding, but additional financial documentation is needed to understand its relationship to road maintenance and capital planning.

What is still missing Two circulated summary images are in the project record. Ledgers, invoices, and the promised second-half 2025 report have not been located.
  • The January 2026 summary for July–December 2025 has not been located.
  • The project has not located a ledger that separately shows the amount assessed, the amount billed, the amount collected, and the delinquent amount.
  • Invoices or work orders supporting the labor, supply, subcontract, and snow lines have not been located.
  • Reserve balances, reserve contributions, withdrawals, capital expenditures, and a multi-year budget are not shown in the records reviewed. Unknown does not mean those amounts are zero.
How spending relates to observed conditions The summaries name categories of expenditure. The Road Survey records observed conditions. The two have not yet been matched.
  • Labor, supplies, subcontract work, and snow are listed. That listing does not, by itself, establish how each category relates to completed work.
  • Additional documentation is needed to relate remaining observed pavement conditions to the listed expenditures.
  • The project is seeking records that show how listed expenditures relate to safety work, routine maintenance, and any capital repairs.
The roads will continue to need work Repair, replacement, and ordinary maintenance will continue. The project is seeking a documented, funded plan for that work.
  • Safety observations already in the record remain relevant while financial records are being assembled.
  • Seasonal patching, without a written multi-year schedule, does not by itself constitute a restoration plan.
  • A credible path includes current condition, near-term safety work, a deferred-maintenance list, costs, collection information, and year-by-year work that can be checked against actual expenditures.
Source
The letter and the two summaries Circulated October 2, 2025. Pictures of reports, not audited books. Line-item totals are not published here as verified amounts.

2025-10-02

Financial and Road Maintenance Expense Report

Newsletter body only. Sender, recipient, and headers are omitted.

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Read the full letter 
Dear Homeowners

On behalf of the Association, we would like to thank you for your patience as we finalize and share detailed financial information.

Enclosed you will find the Road Maintenance Expenses Summary for:
• January–December 2024
• January–June 2025

For your convenience, you can access the documents in PDF format through the following buttons.

2025 Summary (January–June)
2024 Summary (January–December)

These improvements are possible thanks to your timely contributions through maintenance fees. Our goal is to ensure transparency and accountability in how every dollar is allocated.

We recognize that in the past these updates were not consistently provided, and we are committed to improving our communication. Beginning with this report, you will receive a clear financial summary every semester to ensure full transparency.

The next financial summary will be provided in January 2026, covering July–December 2025.

We hope this format helps you better understand how resources are allocated and managed. Should you have any comments, questions, or suggestions, please do not hesitate to contact us at: [email removed]

Thank you for your continued trust and support as we work together to maintain and improve our community.

Sincerely,

Split Rock Investments, LLC

2024 (circulated 2025-10-02)

2024 road-maintenance summary image

Embedded summary image from the October 2, 2025 newsletter, labeled January–December 2024. This is the circulated image, not an audited statement.

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January–June 2025 (circulated 2025-10-02)

January–June 2025 road-maintenance summary image

Embedded summary image from the October 2, 2025 newsletter. Partial-year only. It will not be annualized on this site.

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I Have Financial Information The written road plan

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