What Story Do the Financials Tell?

At the May 6, 2025 Board of Directors meeting, the March Financial Operating Results were available. Did you pick up a copy?

Was there any discussion of them? Usually there is not. Do board members examine them before the meeting? Does anyone on the Board really understand them? 

Look at the page for the Operating Expenses - Variances. Twelve Line Items are shown. No totals are shown. Big mistake. But are the totals intentionally omitted?

For these 12 Items the total of "YTD Variances" is $61,784.93. As of the end of March, the HOA has over-spent the 2025 Budget by $61,784.93.

Look at the reason given for the over-spending in Line Item GL-5111 Irrigation Contract. "This is over budget and will remain over budget due to the 2025 budget is $75,000 and the monthly contracted cost is $10,140."

Is this worded to intentionally confuse any reader by stating the annual amount in the budget, but the monthly amount for the contracted cost?

If the yearly contract for Irrigation is $121,680 ($10,140 x 12), why was the budget only for $75,000? Out of what funds will the difference ($46,680) be paid?

Nobody is asking these questions at monthly board meetings.

For Line GL-5030 the reason for the variance is "This is over budget and will remain over budget due to the Lakes at Barony Place shoreline being added to the ponds & lakes maintenance schedule."

Didn't the Finance Committee know about that, when they built the Expense portion of the 2025 Budget? Did they have to take it out of the Budget, when the Board indicated it would not approve any increase in the Assessment?

Why is Line L-5030 not in the February 2025 Report or in the January 2025 Report?

Is the HOA still spending money on Operations out of Reserves? What will happen when those Reserves are needed? The money won't be there!

What money is being used to pay for the Variances?