No Audit yet

I thought that the 2021 Audit might be presented at the July board meeting, but it wasn't. 

Rumor has it that the HOA appointed a new auditor this year, replacing the auditor who had worked closely with the late George Reynolds, when he was Treasurer until his death in April 2021. 

George served as Treasurer for a number of years. Paul Hill was appointed to succeed George and served through November, when Vernell Butler became Treasurer. So, in 2021 the HOA had three treasurers.

I recommended a forensic audit, when Paul succeeded George. My belief is that, anytime a non-profit has the same treasurer for many years and a new treasurer is installed, it's beneficial to have the books reviewed in fine detail. This protects the organization and the incoming treasurer.

Otherwise, the incoming treasurer becomes responsible for any mistakes in the past.

So, where is the 2021 Audit? The HOA is on a Calendar Year basis. That is, the fiscal year ends December 31. The financial statements for December and the year were posted in January. 

The 2020 Audit was dated May 26, 2021 and was presented at the July 13, 2021 board meeting.

The new auditor-candidate should have been introduced at a regular (open) board meeting and then voted on by the full board. Duties and compensations should have been explained to the board and the Members (homeowners). 

Will the audit be presented at the August 2, 2022 regular board meeting? After it is presented and accepted, it should be posted on the HOA website for your inspection.

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