What does 30-60-90 days past-due mean?

Every month on the financial statements CAMS reports amounts of dues that are Current-30-60-90 days past-due. But are they?

Dues for The Summit's HOA are due on January 1 and are late after January 31; also, due July 1 and late after 30 days. So, aren't ALL dues late by the last day of April? At that point there are no dues that are Current, 30 days late, or 60 days late. They are all 90 days late!

But the Treasurer and the Board apparently have no problem with those numbers. Does anyone on the board understand finance or accounting? Why hasn't the Board told CAMS to correct that?

In fact, why is it reported incorrectly in the first place? Are the reports are generated by the "professional HOA management company", CAMS? Does it have an accounting department at its home office in Wisconsin that does the accounting for The Summit's HOA? 

Is that what the $75,500/year paid to CAMS is for? See Line 6000 on the financials. That Line is labeled "Management Fee's [sic]".

That's in addition to Line 6005 ($140,000), which is paid to CAMS for "On-Site Maintenance". It's not really Maintenance. It's actually On-Site Management, the compensation amount for the women in the HOA's office and the part-time property manager, who is also the Regional Director for CAMS' Columbia business.

This error has been in the HOA's financials for many, many months. Did the Auditor catch it this year? She was alerted to the error. Is it noted in her Management Report, a document that was presented to the Board with the 2022 Audit?

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