Is anyone minding the store?

The June 2023 financials have not been posted yet to the website. Is the delay because the Board blew off the July board meeting? 

At the August 1st meeting, will the June 30th financials be available? Will the Accounts Receivables be correct or will they still show 30-60-90 days past-due when, in fact, all late dues are actually more than 90 days past-due?

Why didn't the Treasurer do something about that false reporting long before now???? 

Will the July 31 financials be available? Probably not. 

When the financials are not posted, it is impossible for the homeowners (the Members) to know what's going on with the money. The HOA has about $2,000,000 in banks. 

For some absolutely stupid reason the HOA has $930,897.30 in six Operating Accounts. That is the worst possible money management decision. The Reserve cash accounts total $868,479.83. These balances are as of May 31, 2023.

Having enough cash-on-hand to pay bills is good. Having money in reserves to meet future expenses is good.

The 2023 annual budget is based on $1,454,050.00. That is an average of $121,171 per month. So why in the world is there $930,897.30 in cash Operating Accounts? 

Did the Auditor criticize HOA management (the Board and CAMS) for grossly-excessive balances in Operating Accounts?

Is CAMS providing "professional HOA management services"? Is CAMS telling the Board to hold that money differently?

Could the IRS swoop in and attack the large sums in Reserves? Is there proper documentation of the need for Reserves in the current amounts?

Who are the financial wizards on the Board and on the Finance Committee? Are the members/homeowners on the Finance Committee raising questions and concerns, but not getting answers?

If that happens to be the case, they should speak up at board meetings and inform the board in public. 

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