Have Forensic Audits Been Completed?

On August 17 I wrote, asking Where is the 2023 Annual Audit?

Now it is September 25th, and the 2023 Annual Audit still has not been posted on the HOA's website!

Or distributed to Members of the Association!!!

What do the By-Laws of the HOA have to say about this? (Does anyone on the Board really care what the By-Laws say about anything?)

Art. III, Section 19 Accounts and Reports, Paragraph (g) reads, ("The following management standards of performance will be followed unless the Board by resolution specifically determines otherwise: ... ")

"(g) an annual report consisting of at least the following shall be distributed to all Members within one hundred twenty (120) days after the close of the fiscal year: (1) a balance sheet; (2) an operating (income) statement; and (3) a statement of changes in financial position for the fiscal year. The annual report referred to above shall be prepared on an audited or reviewed basis, as determined by the Board, by an independent public accountant; provided, upon written request of any holder, guarantor or insurer of any first Mortgage on a Unit, the Association shall provide an audited financial statement. During the Class “B” Control Period, the annual report shall include certified financial statements." (emphasis added)

1. The fiscal year ends December 31. One hundred twenty days later is about May 1. 

2. Becca Brendle, CPA, is the HOA's auditor. When did she submit her report to the HOA? (She submitted the 2022 Annual Audit on about April 28, 2023. The Board didn't release it until October 2023 (and then only after incurring needless expense with its law firm at the time to delay, because I was the one asking for it.)

3. The Board hasn't distributed the 2023 annual report to all Members in 2024.

4. Did any Board ever determine otherwise by Resolution?

At the June 18, 2024 board meeting the board approved an internal forensic audit to be conducted by Lettitia Craps for $4,800 and an external forensic audit by Brenda Brendle, CPA, for $3,500.

While it was hard to hear everything that was said at the September 13th board meeting, it sounded to me like the internal and external forensic audits had been completed by the two accountants hired to do them. 

When will they be presented in public to the Members of the Association? And how soon will written copies be available to the Members (homeowners) of the Association?

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