Unasked Questions at Jan. BOD Meeting

These were questions that I thought Voting Members should have asked the Board at the January 2025 Board meeting.

Why didn’t you send out the 2025 Budget with the Assessment Notices? (CC&Rs, Article X, Section 3) 

By Nov. 30th the HOA had over-spent the budget in 11 categories by $129,000. Why didn’t you increase the dues by $50/year for 2025?

Please explain the Variances (over-spending) listed on the Financial Overview Report. They totaled $129,000 as of November 30, 2024, which includes Legal & Professional Fees. Legal was the sixth-largest category at $9,116. Why was Legal left off the list?

How many legitimate Voting Members are there?

Where can the Minutes of the pre-board meetings and the Finance Committee meetings be inspected by Members? (By-Laws, Article VI, Section 4(a))

Why did you write off $100,000 in Accounts Receivable (unpaid dues) last April without discussing it at a board meeting and voting on it?

Accounts Receivable (unpaid  dues) as of November 30th was $436,446.71. How many homeowners are behind on their dues? Why is $299,167.13 (68.5%) of it considered uncollectible?

With over $1,000,000 on deposit, why does the HOA only expect $3,000 in interest in 2025?

What can you do? Ask these questions on February 4th Board meeting.

Please forward this blogpost to everyone you know in The Summit. Use the Share icon at the top-right or lower-left of this page. Ask homeowners to read this blog.

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