Is Money Missing?

Is $117,480-$402,765 missing? There is a major problem in the October 31, 2024 financial report of the HOA. 

Shouldn't Board members and Finance Committee members have examined that report before the December 3rd meeting?

Who looks at the monthly reports carefully to make certain they are correct?

Why didn't any Board member question the on-site Property Manager at the December 3rd BOD meeting? If they had, would she have had the answer(s)?

I was hoping the Finance Committee would see the problem with numbers from the October 31, 2024 monthly financial report. But they didn't want to hear about problems.

The column on the left is from a typewritten sheet that was part of the Financial Overview Report for October 2024.

The numbers on the typewritten sheet were not totaled, and one account appears to have been erroneously listed twice. $116,140.36 was listed in both Reserves and in Operating Expense. (Could there be two accounts with identical balances?)

The column on the right came from the computer-generated CAMS report.




Which of these columns is correct? Which page in the Financial Overview Report is correct?

Was the money in FCB/CI>T and First Community Bank omitted from the typewritten sheet?

Is there a reason that such a large discrepancy exists?

EJCD: Edward Jones CD

EJMM: Edward Jones Money Market

SCFCU: South Carolina Federal Credit Union

FCB/CIT: First Citizens Bank/CIT Bank (CIT Bank is a division of First Citizens Bank)

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