The HOA is not poor

Examination of the financial statements for the HOA from the Minutes of the October 4, 2022 board meeting show several interesting things.

The 2022 annual Budget is $1,262,250. That's an average monthly operating expense of $105,187 ($1,262,250/12)

The HOA has $869,719.64 in Operating Funds, when its average monthly operating costs are only 12% of that? ($105,187/$869,719)

Why wouldn't the HOA save/invest much of that excess at higher (safe) rates-of-return? Is a higher level of expertise needed by those who are responsible for handling the money?

The total Reserve funds are $1,187,656.85. Are those funds allocated, or is the slush fund just sitting there for IRS to attack (and attach) it?

See the newly-posted list of projects on the HOA's website. This was created as a result of a suggestion that I made. Thanks to those who listened. It's a start. 

On the homepage, click on Neighborhood News and scroll down.

A better Project Management grid would include cost estimates and Start and Completion Dates. Too many projects are on hold pending irrigation work. 

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