Who Pays Attention to the Finances?

How many homeowners pay attention to the finances of the HOA? How many understand what is happening with the finances?

How many of the Board Members understand the finances? How many cared? 

Look at the Financial Statements for the period ending 9/30/2023. As you do, remember that it was the old board that was in charge. That was before the election on November 7, 2023.

The Financial Statement is attached to the November 7, 2023 board meeting Minutes. Invoices were approved by then-President Justin Martin and then-Treasurer Vernell Butler. I never heard a Motion for the board to approve payments or heard any board member ask questions.

Look at the Year-to-Date variances-to-budget (overages):

Fountain Maintenance: $7,599.97 (+317%)

On-Site Maintenance*: $10,299.81 (10%)
"Board was aware that this line item (6005) would be over, due to the employee turnover. In addition, to Ashton staying on to train new employees - while the new employee was being trained. Lastly the ACM role going increasing in pay and going from part time to full time." Who approved that?
* This category is named incorrectly. It is On-Site Management. (CAMS and other employee compensation.)

Pool Monitors: $9,442.78 (27%)
"Overage due to approved additional pool monitor hours, due to the last years [sic] events at the pool. Look to increase this in the 2024 budget."

Office Supplies: $1,736.12 (58%)

"Over budget due to donation for meetings to Brookland Baptist and office hot water tank needing to be replaced." Why are these under Office Supplies?

Legal - non-collection: $2,719.27 (73%)
"Over budget due to attorneys opinion on several on going legal issues such as Brightview contract, AT&T invoice dispute, Gus P., etc." The office ran up a legal bill after it refused to allow me to examine the 2022 Annual Audit without payment of up to $265, which I challenged and, ultimately, did not have to pay to examine the Audit.

Activities - Gen Opns $5,536.65 (59%)
"Overage due to cost of inflation and prices going up." What kind of explanation is this?

Hopefully, the new Board, Treasurer, and Finance Committee will start paying much closer attention to how the money is handled.

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