Auditor's Opinion - 2021

The 2022 Annual Audit for the HOA was delivered publicly to the Board of Directors on June 6, 2023. The Audit should have been promptly published on the HOA's website, as have the 2001-2021 Annual Audits.

However, the 2022 Audit has not been published. 

There is now a statement on the HOA's website, under Neighborhood News, that the Audit is available in the office. What is not disclosed on the website is the fee to see the Audit. The HOA's attorney has informed me of a cost of $265.00. That is the cost of redacting "sensitive and personal information about other community members", including $15.00/document for copies.

Reviewing the 2021 Annual Audit, conducted by the same Auditor, there is no "sensitive and personal information". It's all boiler-plate and numbers. What will be different in the 2022 Audit?

I am interested in the Auditor's Opinion in the 2022 Audit. Will it be the same as in the 2021 Audit?  Will it be different?

In the 2021 Audit the Opinion was "...the financial statements referred to above present fairly, in all material respects, the financial position of the (HOA)..."

During the calendar year of 2022, I sent several emails to the Auditor, suggesting attention to specific areas of the financial statements. For example, Line Item 6005 is titled "On-Site Maintenance". This Line Item is under Administrative Expenses. I believe the correct title is On-Site Management, not On-Site Maintenance. That's a "material respect". How did she address that? Or did she?

If Line Item 6005 is actually the expense for the CAMS' employees in the HOA office, why is it even a separate line item in  the budget? Why isn't it included in the Contract Amount paid to CAMS, since the women in the office are not HOA employees? How did the Auditor handle that?

Did the Auditor "qualify" the 2022 Annual Audit, or did she give them the generic, boiler-plate, clean bill-of-health?

How much is the HOA really paying CAMS, including its subsidiaries and affiliated companies?

Is anyone else asking these questions? Anyone on the Finance Committee? Anyone on the Board?

Comments

Post a Comment

Popular posts from this blog

Annual Meeting, Barony Place Neighborhood - continued to 5/4/2024

Barony Place Neighborhood (Barony Place I and Barony Place II attempted to hold a Neighborhood Meeting this afternoon. Of the 78 homes, seventeen (17) homes were represented, and that was not sufficient to meet the quorum requirement of 26. The meeting was continued to Saturday, May 4, 2024, 1:00PM, at 44 Barony Place Circle. An effort will be made to have at least 26 homes represented in-person or by proxy. Three homeowners have volunteered to be on the Neighborhood Committee: Tracy Manderino (Barony Place II), Della Glynn (Barony Place II) and Gwen Hayes (Barony Place I). If a quorum is present on May 4th, those present, including by proxy, will elect the Neighborhood Committee. Once the Committee has been elected, it will select one of its three committee members to be the Voting Member for the next 12 months. The other two members will be Alternates. A new announcement will be distributed to your newspaper box, along with a proxy. If you will not attend Saturday's meeting, plea
Read more

Open Letter to Barony Place "Voting Member"

An open letter to the "Voting Member" of Barony Place Neighborhood. Good morning, Billie, If you and/or an Alternate attended last night's board of directors meeting, will you please send out a recap of the meeting to Ann Stirlen and me (and to all the homeowners and residents in Barony Place)? About a dozen homeowners from throughout The Summit showed up for the board meeting  at the church  last night, only to learn from one person that it had been switched to Zoom, which allowed the board to meet in secret. Many of them had not received the email from the office that the board was (illegitimately) closing the meeting to homeowners. There are only about 1,800 (73%) email addresses of the 2,480 Members in the website database. I attempted to join the meeting on Zoom, as I am Attorney-in-Fact for Ann Stirlen, but I was not admitted to the meeting. The HOA's attorney has quoted a section in the By-Laws that she believes allows the Board to close the meetings. That spec
Read more

Special Assessment Possible?

How would you feel about a $3,000 Special Assessment levied by the HOA against you and every other HOA Member (homeowner)? Article X, Section 4 in the CC&Rs allows this. Are you aware of that? Should the Board do everything possible to eliminate the possibility of such a Special Assessment? What is the Board doing that might just lead directly to such an Assessment? The HOA, by actions of the President (Justin Martin), the Treasurer (Vernell Butler, and the Safety Committee Chair (Dennis Rybicki) entered into a contact with the Richland County Sheriff's Department, effective February 1, 2023. They arranged for special patrols in the Summit at a cost of $48.00/hour. In the Special Duty Agreement is a Liability clause. It reads,  "The Requestor will hold harmless the Richland County Sheriff's Department from any and all claims or liabilities resulting from service and indemnify RCSD for any loss due to any injury of its employee unless there is a determination of neglige
Read more