How big is the HOA's "monumental hurdle"?

In the May 2024 Summit Scoop HOA President Danny Trapp revealed the following, among other things, in his President's Report.

"We have a monumental hurdle to overcome financially. We are experiencing requests for payments for invoices that are foreign to the current board, and there is no documentation justifying these requests."

The "current board" has been in place since November 7, 2023. Did it inherit those financial obligations? They should have been in the Accounts Payable records every month. How can there be no documentation? A forensic audit should have been ordered in November 2023, after the former Treasurer abruptly quit. (I had suggested one after Treasurer George Reynolds died in April 2021 and again after Treasurer Paul Hill died in April 2022.)

CAMS is the HOA's management company. Is there some serious problem with how bills are received and tracked? The Board uncovered that some bills were being sent to a CAMS address in North Carolina. Why did the former Treasurer (from May 2022-November 2023) allow that??? Those bills now should be addressed to the HOA's office on Trail Ridge Drive.

FY 2024 started on January 1st with a $27,000 deficit.

In the month that has passed since the President's Report, not a word has been said about this "monumental hurdle".

The June 4th board of directors meeting was re-scheduled to June 11th and then to June 18th. The July board meeting has been canceled. 

Exactly what is the "monumental hurdle" and how much will it cost to jump it?

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