WharfClearLake.com
Document: 2024 Wharf Association Profit & Loss — Legal and Professional Fees
Document type: Profit & Loss statement
Entity: The Wharf at Clear Lake Slip Maintenance Association, Inc.
Period: January through December 2024
Accounting basis: Cash Basis
Key figures reported
- Maintenance Fees: $137,578.38
- Legal Fees: $69,496.77
- Professional Fees: $35,061.40
- Combined Legal + Professional Fees: $104,558.17
- Broad Repairs category: approximately $19,642.99
On the face of the annual statement, combined legal and professional fees were more than five times the broad repairs total reported for the same year.
What the document establishes
The Profit & Loss statement establishes the amounts recorded in those accounting categories for 2024. The combined legal and professional-fee categories equal approximately 76% of the amount reported as maintenance-fee income.
What the document does not establish
The annual Profit & Loss statement does not allocate the legal or professional-fee totals among individual lawsuits, attorneys, insurance matters, board matters, collections, or other professional services. Accordingly, this site does not assign a specific dollar amount from the annual totals to one lawsuit without matter-specific invoices or billing records.
Why this document matters to a property owner
The figures provide important financial context for the volume of legal and professional activity during 2024. They are presented as accounting figures, not as a legal conclusion that any particular expenditure was improper.
For Eric Springstun and other owners, however, the scale of those categories creates an obvious transparency question: what matters generated the spending, who authorized it, what benefit did it provide to the full ownership, and how were those decisions balanced against maintenance and safety needs at the physical marina?
That question became more concrete because League City and the Fire Marshal separately documented property-condition and emergency-access issues at 793 Davis Road. Springstun later filed a motion asking for an accounting and judicial review of Association legal/professional expenditures.
Related owner-accounting request
Eric Springstun later filed a motion asking the court for an accounting of Association legal and professional expenditures and for review of the disputed use of maintenance assessments. That filing did not itself establish wrongdoing, but it demonstrates that the spending concerns were presented through formal court procedures with the Association’s financial statement and municipal records used as supporting material.
Read: Why Eric Springstun Sought an HOA Accounting
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