HOA still hiding the 2022 Annual Audit

Why is the Summit's HOA refusing to post the 2022 Annual Audit to its website?

The Audit was publicly delivered to the Board at the June 6, 2023 board meeting. That was when the board was still allowing homeowners to attend meetings.  Remember those days?

All the Annual Audits for 2001-2021 are posted on the website. All, except the 2022 Annual Audit. What is so special about this one? And what is special about the Management Notes that were delivered before the end of April. That's where the real "meat" is.

I went ten rounds with Angela and the HOA's attorney. They wanted to charge me up-to-$265 for it. They estimated up to two hours at $125.00/hour plus a $15.00 document fee. Angela and the attorney were unable to understand that I had requested to examine the Annual Audit, not receive a copy of it.

It's a document that every homeowner is entitled to see. And I'm entitled to see it via the Power-of-Attorney I hold from a homeowner.

They claim there is sensitive and confidential homeowner information in it. Maybe that information is about all the deadbeats who owe $432,482.29 to the HOA as of 6/30/2023. I don't care about their names.

It would be a simple thing for Angela to redact sensitive information and make a copy of the Annual Audit available for examination in the office. That would be a business-like action. It would take her less than an hour, if she is efficient. Cost: $30.00?*

Finally, the attorney estimated the actual cost might be less than $50.00. I'm not even going to get held up for that, when a copy should be available for examination without charge.

So the next time you see Justin or Vernell, ask them why they aren't posting the 2022 Annual Audit on the HOA's website. Ask them how bad the Audit is that they have refused to post it.

* CAMS has a sweetheart deal with the HOA which, under the management contract, the HOA has agreed to pay CAMS $125.00/hour for information retrieval. Isn't that a great profit center for CAMS, on top of the $500,000/year that the HOA pays CAMS?

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